Local news that affects Real Estate in Victoria and BC.

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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 ▼ 5.9% vs May 2025 Active listings 4,029 ▲ 8.4% vs May 2025 SFH benchmark (Core) $1,339,000 ▲ 0.3% vs May 2025 Condo benchmark (Core) $551,400 ▼ 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 Market Update - May 2026.html

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 ▲ 0.2% vs Apr 2025 Active listings 3,710 ▲ 8.3% vs Apr 2025 SFH benchmark (Core) $1,339,100 ▼ 1.2% vs Apr 2025 Condo benchmark (Core) $558,300 ▼ 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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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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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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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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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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Smart Moving Tips


Moving to or from a new home can be an exciting but also overwhelming experience, especially if you're navigating packing, organizing and settling in all at once.  Whether you're relocating across town or to a new province, these helpful moving tips may make your transition smoother and more stress-free.

Prepare & Plan

Planning and preparing is key to a smooth move. Creating a plan can help you keep on track to that move. Remember to add a little buffer time as packing can take a little longer than expected. Begin organizing your move at least 4–6 weeks in advance. Create a timeline with key dates, including when to start packing, when to book movers and when to update your address. Moving day will come up fast. Having a…

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Homes Sold on Vancouver Island-2024

This year has been full of new opportunities!  I’ve have been able  to work further up island, broadening my reach across the island.

I want to take a moment to express my gratitude to all of my clients this year, for trusting me to guide them through their real estate journeys. Your trust means the world to me and I am truly thankfull for your business.

With 2025 upon us, I’d love to share a look back at some of the wonderful properties I’ve had the privilege of selling this year.


 SELLERS - SOLDs 

 

2055 Cowichan Bay Rd. - MLS#981258  $1,149,000
Cowichan Bay - Duncan

3777 Pinecrest Rd. ~  MLS#973903  $1,545,000
Black Creek - Comox Valley

363 Shopland Rd.e ~ MLS#959301 $935,000
…

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How To Get The Best Price When Selling Your Home 

Selling your home can be an exhilarating yet daunting experience. Victoria’s real estate market is known for its breathtaking scenery and prime location which presents fantastic prospects, but selling successfully demands a strategic approach. Steering clear of typical errors is crucial to securing the best deal and a hassle free process. Let’s take a look at some frequent missteps and how to avoid them.

Pricing Your Home

Choosing a pricing strategy should depend on current market conditions, the property’s unique qualities and the seller’s timeline. Both strategies have their risks & rewards. A balanced approach often involves considering nearby comps and recent market trends.

Pros & cons…

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