Our recommendation is University of Victoria Housing 

The link provided describes the types of accommodation available, prices and the required reservation form. Please advise them you are with SailWest so sailors can be lodged in the same area. 

http://housing.uvic.ca/visitor/
              or
Phone 1-250-721-8395

Other options can be found at Tourism Victoria
www.tourismvictoria.com 

The Royal Victoria Yacht Club and Event organizers will not be providing billeting options.