Victoria Real Estate Market Update – June 2026 | Stephen Foster

Victoria Real Estate  |  June 2026

Buyers Have the Wheel: More Choice, Softer Prices, and a Market That Rewards Patience

June 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 719 â–Ľ 5.5% vs Jun 2025 Active listings 4,054 â–˛ 7.3% vs Jun 2025 SFH benchmark (Core) $1,326,500 â–Ľ 0.6% vs Jun 2025 Condo benchmark (Core) $549,200 â–Ľ 1.9% vs Jun 2025

June is traditionally one of the busiest months in real estate, and while we did see 719 total sales across Greater Victoria, the pace has clearly moderated compared to last year. That total is 5.5 per cent below…

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Victoria Real Estate Market Update – June 2026 | Stephen Foster

Victoria Real Estate  |  June 2026

Spring Has Sprung — and So Has Inventory: What Record Supply Means for You

May 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 713 â–Ľ 5.9% vs May 2025 Active listings 4,029 â–˛ 8.4% vs May 2025 SFH benchmark (Core) $1,339,000 â–˛ 0.3% vs May 2025 Condo benchmark (Core) $551,400 â–Ľ 1.9% vs May 2025

May brought the spring market everyone was waiting for — but it arrived on buyers’ terms. A total of 713 properties sold across Greater Victoria, down 5.9% from the 758 that…

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Victoria Real Estate Market Update – May 2026 | Stephen Foster

Victoria Real Estate  |  May 2026

A Goldilocks Spring: Victoria's Market Finds Its Balance

April 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 643 â–˛ 0.2% vs Apr 2025 Active listings 3,710 â–˛ 8.3% vs Apr 2025 SFH benchmark (Core) $1,339,100 â–Ľ 1.2% vs Apr 2025 Condo benchmark (Core) $558,300 â–Ľ 0.8% vs Apr 2025

April delivered exactly what the spring market needed: steady activity, growing inventory, and prices holding firm without the pressure we saw during the frenetic years of 2021-2022. A total…

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Victoria Real Estate Market Report for March 2026

April 1, 2026  A total of 579 properties sold in the Victoria Real Estate Board region this March, 5.5 per cent fewer than the 613 properties sold in March 2025 and 24.5 per cent more than in February 2026. Sales of condominiums decreased by 18.8 per cent from March 2025 with 164 units sold. Sales of single family homes decreased by 2.4 per cent from March 2025 with 285 sold.

"Our market is following a fairly typical spring market trend," said Victoria Real Estate Board Chair Fergus Kyne. "With sales and listings both increasing from the previous month, we're tracking a seasonal pattern that generally builds to the peak of the market in May or June."

There were 3,261 active listings for sale on…

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Will AI Change The Real Estate World?

You’ve probably noticed it everywhere...chatbots, instant search results, automated valuations, AI writing and AI images. It’s natural to wonder will AI evenutally replace real estate agents? The short answer is No. It will however change what great Realtors look like and that’s very good news for clients. 

What Ai Is Already Doing in Real Estate

AI has already quietly woven itself into the real estate industry in many practical ways. Online home values now update in real time, listing descriptions can be generated almost instantly and market statistics, trends and price ranges can be pulled together in seconds. Buyer search alerts are largely automated, chatbots can respond to questions around the clock…

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Victoria Real Estate Market Report-February 2026



March 2, 2026  A total of 465 properties sold in the Victoria Real Estate Board region this February, 11.9 per cent fewer than the 528 properties sold in February 2025 and 37.2 per cent more than in January 2026. Sales of condominiums decreased by 19.8 per cent from February 2025 with 154 units sold. Sales of single family homes decreased by 12 per cent from February 2025 with 206 sold.

"February's sales definitely picked up the pace compared with sales from the previous month,” said Victoria Real Estate Board Chair Fergus Kyne. "Though our sales numbers are lower than they were in 2025, with an over 35 per cent increase month over month, and a very healthy amount of inventory currently…

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Victoria Real Estate Market Report for January 2026

A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 per cent fewer than the 422 properties sold in January 2025 and 7.6 per cent fewer than in December 2025. Sales of condominiums decreased by 25.3 per cent from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 per cent from January 2025 with 153 sold.

“This year kicked off with sales in a similar pattern to what we observed in 2023 and ‘24,” said Victoria Real Estate Board Chair Fergus Kyne. “Those years signalled the return to more predictable, seasonal patterns after the intense pace of the pandemic-influenced market we saw earlier in the decade. Different this year is…

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What is Bill 44?

Bill 44 is officially known as the 'Housing Statutes (Residential Development) Amendment Act 2023'. It is one of the most significant housing laws passed in British Columbia in recent years.  Bill 44 was created to help address the province's ongoing housing shortage by changing how residential development works, especially in cities and towns with more than 5000 residents.


What 'Bill 44' Changes

Traditionally, many neighbourhoods in BC were limited to single family homes which by definition are houses where only one household lives on a lot.  Bill 44 rewrites those rules to allow more housing types on those same lots. This includes:

  • Triplexes

  • Fourplexes

  • Laneway homes

  • Other small…

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Victoria Real Estate Board Market Report
- December 2025

January 2, 2026  A total of 367 properties sold in the Victoria Real Estate Board region this December, 12.8 per cent fewer than the 421 properties sold in December 2024 and 18.6 per cent fewer than in November 2025. Sales of condominiums were down 21.5 per cent from December 2024 with 106 units sold. Sales of single family homes decreased by 2.6 per cent from December 2024 with 186 sold.

There were 6,918 sales over the course of 2025, a 0.36 per cent increase from the 6,893 sales in 2024.

"2025 was another consistent year for local real estate," said 2026 Victoria Real Estate Board Chair Fergus Kyne. "Despite global economic uncertainty, property sales in the Victoria market were steady…

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Homes Sold on Vancouver Island-2025

 
This year brought growth, connection and so many meaningful milestones. I proudly celebrated 20 years of dedicated service as a Realtor reflecting on two decades of trusted relationships. I also expanded my work into new communities, met new buyers and sellers and helped many past clients with their journeys.

To all of those that I've had the privlege of working with this year, thank you for putting your confidence in me. Guiding you through one of life’s biggest decisions is something I never take lightly. Your trust, loyalty and support are the foundation of my business and I am truly appreciative of each and every one of you.

With 2026 on the horizon, I'd love to take a moment to highlight a few of the…

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