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The project passed unanimously at council Thursday night, despite concerns about parking from area residents, some exhausted by the sheer volume of development in the neighbourhood in the last five years.

Toronto overtakes Vancouver despite benchmark prices hitting record high: RBC

Victoria city councillors voted unanimously Thursday to move the project forward to a public ­hearing.

The benchmark value for a single-family house in the core — Victoria, Saanich, Oak Bay, Esquimalt and View Royal — hit a high of $1.161 million last month, up from $932,200 in January 2021, says the Victoria Real Estate Board.

Data available in new non-metropolitan online housing information portal

Royal Beach will be a collection of neighbourhoods totalling 2,850 single-family houses, townhomes and condominiums ranging from six to 12 storeys. Hundreds of jobs are also expected to be created in commercial buildings and retail spaces.

Co-living setups typically appeal to people new to the area who are interested in expanding their social circle — combating the "urban loneliness that we’re seeing in so many cities," the developer says.

Builders looking for ways to reduce obstacles