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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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…

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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…

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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…

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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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Victoria real estate market quiet but steady to summer's end

September 2, 2025  A total of 525 properties sold in the Victoria Real Estate Board region this August, 3.7 per cent fewer than the 545 properties sold in August 2024 and 22.8 per cent fewer than in July 2025. Sales of condominiums decreased by 16 per cent from August 2024 with 152 units sold. Sales of single family homes increased by 6.3 per cent from August 2024 with 268 sold.

"August was a quiet but steady month," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Typical of what we'd expect for the time of year, the late summer month saw fewer sales and a small decrease in the available listings. Many people shift focus to vacations and back to school preparation in…

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Victoria real estate market offers good options over the summer months

August 1, 2025  A total of 680 properties sold in the Victoria Real Estate Board region this July, 4.6 per cent more than the 650 properties sold in July 2024 and 10.6 per cent fewer than in June 2025. Sales of condominiums increased by 5.6 per cent from July 2024 with 225 units sold. Sales of single family homes decreased by 0.3 per cent from July 2024 with 318 sold.

"Typically, as the school year wraps up and summer holidays begin, our housing market relaxes somewhat," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "However, we did see a good pace of sales in July, and listing inventory remained at a stable level. This means that those shopping over the summer…

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Victoria real estate market kicks off summer with strong fundamentals

July 2, 2025  A total of 761 properties sold in the Victoria Real Estate Board region this June, 15.1 per cent more than the 661 properties sold in June 2024 and 0.4 per cent more than in May 2025. Sales of condominiums increased by 23.3 per cent from June 2024 with 249 units sold. Sales of single family homes increased by 17.5 per cent from June 2024 with 402 sold.

"We observed a fairly robust real estate market in the month of June," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Recent market trends suggest that we have finally transitioned from a pandemic-driven market to more conventional patterns. We have experienced consecutive months of a healthy and balanced…

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