Population
103,888
Land Area
1,938
haAnnual Operating Budget
$309.3M
expensesTrends and Profile
Victoria Population Trend
Annual estimates, 2011–2025
Fiscal Trends (2021–2024)
Revenue and expense per person over 4 years
Fiscal Report Card
These metrics reflect reported financial data and do not capture local context such as major infrastructure investments, one-time grants, natural disasters, or policy decisions. Learn more
Fiscal Trajectory
25.0
scoreFiscal trajectory score of 25.0 is below the band average of 50.0, indicating fiscal trends that warrant attention.
Fiscal Balance
$454
/ personOperating surplus of $454/person is 0.8× the band average of $566. Ranks 13th of 22 in the band.
Tax Burden
$1,855
/ personPer-person taxation of $1,855 is 11% above the band average. Residents contribute $189 more per person than typical peers.
Debt Load
8.3%
capacity usedLiability servicing capacity used is 8.3%, leaving significant room for strategic borrowing if needed.
Revenue Resilience
4.5%
grant dependencyGrant dependency of 4.5% is below the band average of 7.1%, indicating stronger revenue self-sufficiency.
Service Efficiency
$2,977
/ personTotal spending of $2,977/person is $29 below the band average, ranking 14th of 22 for service efficiency.
What's Driving These Numbers
Tax Revenue by Property Class
How the annual municipal tax levy is split across property classes. A higher residential share means homeowners carry more of the tax burden.
Share of total municipal tax levy by property class
Annual Homeowner Cost
Estimated taxes on a median-value home
A typical homeowner pays $6,292/year — 43% above the band average of $4,401.
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
Learn more ↗Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,292/year — 43% above the band average of $4,401.
Learn more ↗$6,292 / yr
Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,292/year — 43% above the band average of $4,401.
Residential Tax Base
Share of assessed property value from residential
80.7% of the tax base is residential, similar to the band average of 77.4%.
Learn more ↗Share of assessed property value from residential
80.7% of the tax base is residential, similar to the band average of 77.4%.
Learn more ↗80.7%
Share of assessed property value from residential
80.7% of the tax base is residential, similar to the band average of 77.4%.
Population Growth
Change over 5 years (2020–2025)
Population grew 7.8% over 5 years, compared to the band average of 10.4%.
Learn more ↗Change over 5 years (2020–2025)
Population grew 7.8% over 5 years, compared to the band average of 10.4%.
Learn more ↗+7.8%
Change over 5 years (2020–2025)
Population grew 7.8% over 5 years, compared to the band average of 10.4%.
Development Activity
Building permit value per capita (trailing 12 months)
$5,478 in building permits per person, above the band average of $3,697.
Learn more ↗Building permit value per capita (trailing 12 months)
$5,478 in building permits per person, above the band average of $3,697.
Learn more ↗$5,478 / cap
Building permit value per capita (trailing 12 months)
$5,478 in building permits per person, above the band average of $3,697.
Revenue Breakdown / person
Expense Breakdown / person
Peer Comparison
Comparing against 13 municipalities in the 50,000-150,000 band.
| Municipality | Type | Population▼ | Rev/Cap | Exp/Cap | Surplus/Cap | Debt/Cap | Tax Bill | Tax Coll. % | Liab. Used % | 5yr Growth |
|---|---|---|---|---|---|---|---|---|---|---|
| Saanich | D | 126,011 | $2,489 | $2,210 | $279 | $656 | $7,866 | 99.3% | 12.2% | +2.8% |
| Delta | C | 124,670 | $2,809 | $2,515 | $294 | $0 | $7,176 | 98.4% | 0.0% | +10.9% |
| Nanaimo | C | 111,845 | $2,441 | $2,022 | $419 | $303 | $6,388 | 98.6% | 8.9% | +8.9% |
| Kamloops | C | 108,793 | $2,771 | $2,525 | $246 | $436 | $5,889 | 78.8% | 15.7% | +6.9% |
| Maple Ridge | C | 105,925 | $2,561 | $1,844 | $717 | $325 | $7,095 | 96.9% | 10.2% | +13.8% |
| Chilliwack | C | 105,520 | $2,178 | $1,886 | $291 | $0 | $5,197 | 97.5% | 0.0% | +10.1% |
| Victoria | C | 103,888 | $3,432 | $2,977 | $454 | $430 | $6,292 | 99.2% | 8.3% | +7.8% |
| North Vancouver | D | 97,845 | $1,860 | $1,662 | $198 | $9 | $8,882 | 99.2% | 0.0% | +7.4% |
| New Westminster | C | 92,124 | $3,471 | $2,930 | $542 | $1,717 | $8,659 | 100.4% | 19.3% | +12.2% |
| Prince George | C | 85,944 | $2,921 | $2,426 | $495 | $1,169 | $5,875 | 97.4% | 23.9% | +6.5% |
| Port Coquitlam | C | 67,724 | $2,522 | $1,993 | $530 | $1,297 | $6,104 | 98.5% | 12.7% | +5.5% |
| North Vancouver | C | 66,624 | $2,732 | $2,441 | $291 | $13 | $6,099 | 99.2% | 0.0% | +11.8% |
| Langford | C | 59,664 | $2,165 | $1,549 | $616 | $648 | $4,856 | 96.7% | 17.7% | +28.8% |