Construction is underway on 320 new affordable rental homes for families in Brentwood Bay and Saanich, with most rents set at no more than 30% of household income. The two projects, announced by the Province on May 29, 2026, are part of the Community Housing Fund and will help low- and moderate-income households on the Saanich Peninsula keep their housing costs manageable.
The Verdier project at 1183 Verdier Avenue in Brentwood Bay will bring 110 homes and a child care space for up to 16 children. It is expected to be finished in 2028. The larger Cedar Hill Library and Affordable Housing development at 3950 Cedar Hill Road in Saanich will have 210 homes along with a 29,315-square-foot public library. Residents can expect to move in by 2030.
Both buildings will be owned and run by the Capital Region Housing Corporation, the largest non-profit housing operator on southern Vancouver Island. Applications for the homes will go through the corporation once the buildings are ready for tenants.
Provincial funding for Verdier includes an $18-million grant and $1.3 million a year for operations. Cedar Hill gets more than $34 million up front and $3.7 million annually. The total cost is $58.2 million for Verdier and $157.8 million for Cedar Hill, which includes the new library built with local District of Saanich support.
While Budget 2026 paused new rounds of the Community Housing Fund, these projects were already committed under earlier agreements and are moving ahead. Since 2017, the Province has delivered or started more than 95,000 homes as part of its $19-billion housing investment.
