Chard Developments’ final home at the Haven condominium – constructed as part of a two-building project between the 1100-blocks of Yates and Johnson streets at Cook Street – has sold, the company has announced.

 

 

Six-storey, 104-unit Haven on Johnson Street, developed under partnership with BC Housing to assist homebuyers with entering the market, reached occupancy in late 2024, while its 107-unit, 12-storey counterpart Nest (on Yates Street) completed in early fall of that year. Haven and Nest were the last condominiums built in Victoria's city centre, where no pre-sale efforts are planned for 2026.

 

At the time of occupancy, a handful of suites remained for purchase between Haven and Nest, with the final unit for sale by the developer finding its buyer during the 2025 Holiday Season. The listing was a two-bed, two-bath unit with parking and storage, priced at $629,900.

 

Nest and Haven had significant sales success during their pre-sale campaigns, with layouts in Nest ranging from one-through-three-bedroom homes, and Haven offering studios, one-bedroom and two-bedroom layouts that fully sold-out in 2022, but several buyers could not complete their purchase at the time of occupancy requiring the suites re-enter the market. Unlike single-use Haven, Nest also features a ground level commercial component fronting Yates and Cook streets, and a daycare on its second floor.

 

As Nest and Haven completed in the 1100 blocks of Yates and Johnson streets, Chard would move on to its largest project in Victoria (at the time), a 483-unit, two-tower rental community spanning the 1000-blocks of Yates and Johnson streets, where building heights will reach 15 and 25 storeys. The towers are expected to secure occupancy in 2027, and are rising on what was formerly the Pacific Mazda automotive dealership.

 

 

In the summer of 2025, Chard re-commenced work on what will eventually become downtown Victoria’s newest hotel with 167-rooms across an eight-storey massing on Broad Street between the 600 blocks of Yates and Johnson streets. Chard halted work in 2024 in order to secure approvals for two additional floors and more room capacity in light of changing market conditions and the economics of retaining and restoring heritage components as part of the hotel’s design. Once completed in 2028, the hotel will be known as the Hyatt Centric Victoria.

 

Meanwhile, work began last fall on Chard’s largest-ever investment in Victoria, a three-tower mixed-use rental and retail community on Caledonia Avenue at Douglas Street in the former location of a White Spot restaurant and the City Centre Hotel. Towers at heights of 16, 20 and 21 floors will rise at the site, delivering approximately 500 units of rental homes. An earlier iteration of the project included office space and the 21-storey tower was planned as a condominium. Completion is expected by 2029.

 

Downtown Victoria's condominium market has had a storied two years in terms of sales and prices, and its newest inventory completed in 2024 with no pre-sale campaigns launched in 2025. Sales on the re-sale market reached just over 370 transactions in the downtown area throughout 2025, a jump from approximately 340 in 2024. However, prices dripped year-over-year to an average of just under $586,000 from $602,000 a year prior. The 2025 average was below Victoria's region-wide condominium average of $609,000 across 2,112 sales. C

 

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