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LETTER: Zoning won’t change land prices

The average single-family detached house in Greater Victoria cost $1.24 million in 2021, while Oak Bay’s average was $1.96 million (Victoria Real Estate Board, Jan. 1, 2022.) The $720,000 difference is due to Oak Bay’s land prices. No council zoning regulations can change this. Oak Bay’s contribution to the “missing middle” challenge will be negligible.
Black Press Media Staff
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The average single-family detached house in Greater Victoria cost $1.24 million in 2021, while Oak Bay’s average was $1.96 million (Victoria Real Estate Board, Jan. 1, 2022.) The $720,000 difference is due to Oak Bay’s land prices. No council zoning regulations can change this. Oak Bay’s contribution to the “missing middle” challenge will be negligible.

Mike Wilmut

Oak Bay

About the Author: Black Press Media Staff

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