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…

117 Views, 0 Comments

Read Full Post

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…

341 Views, 0 Comments

Read Full Post

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…

475 Views, 0 Comments

Read Full Post

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…

351 Views, 0 Comments

Read Full Post

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…

235 Views, 0 Comments

Read Full Post

Victoria Real Estate Market Report-November 2025

December 1, 2025  A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 per cent fewer than the 551 properties sold in November 2024 and 26.9 per cent fewer than in October 2025. Sales of condominiums decreased by 36 per cent from November 2024 with 119 units sold. Sales of single family homes decreased by 8.4 per cent from November 2024 with 241 sold.

"We observed a slowing of the pace of sales this month that we didn't experience last year at this time," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "This year-over-year difference in sales does appear to be noteworthy, but it is because last year's sales were distributed differently than they…

319 Views, 0 Comments

Read Full Post

 

A balanced Victoria real estate market continues to provide consumers with options

November 3, 2025  A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 per cent fewer than the 654 properties sold in October 2024 and 11.4 per cent more than in September 2025. Sales of condominiums decreased by 15 per cent from October 2024 with 159 units sold. Sales of single family homes increased by 2.9 per cent from October 2024 with 350 sold.

"The local real estate market remains reasonably balanced," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Single family homes are currently seeing the strongest demand, and this month we saw the highest number of October sales since 2020. However, condo sales were…

483 Views, 0 Comments

Read Full Post

Should you move now?

Making Your Home Relevant for Today's Realities

Living in and around Victoria gives homeowners and prospective buyers a special vantage point: beautiful geography, strong neighbourhoods, lifestyle amenities. But in times when political winds are shifting, government policies are in flux and macro-conditions feel uncertain, the decision to move or not takes on more nuance. The key isn’t only should you move, but how do you make your home relevant in today’s evolving landscape.

Why the 'political climate' matters 

Politics influences housing, not just interest rates or economic cycles. Politics influences regulation, taxes, foreign buyer controls, infill zoning, supply initiatives etc.

  • The federal government’s…

258 Views, 0 Comments

Read Full Post

Greater Victoria-Market Insights

The Big Picture

After two decades in this business, one truth remains: real estate is about people and timing more than ever. Today’s market has shifted. It’s not the wild seller’s market of recent years, but that doesn’t mean opportunities don’t exist. In fact, the balance has moved toward a more strategic game for both buyers and sellers.

Here’s what the numbers - and my 20+ years of experience - tell us:

  • Supply is increasing. At the end of September 2025, active listings in Greater Victoria reached 3,812, which was up 12% from September 2024. 

  • Sales volume is steady but not frenzied. The market is showing healthy activity without the volatility of previous years. 

  • Price growth is…

283 Views, 0 Comments

Read Full Post

Victoria real estate market finds a healthy balance in autumn

October 1, 2025  A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 per cent fewer than the 571 properties sold in September 2024 and 5.5 per cent more than in August 2025. Sales of condominiums decreased by 18.5 per cent from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 per cent from September 2024 with 289 sold.

"September was another stable month for local real estate," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Stability is a good thing; we don’t want to see huge fluctuations in price or number of sales in our market. A market like we currently are in, that experiences typical seasonality,…

402 Views, 0 Comments

Read Full Post