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…

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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,…

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