Victoria’s real estate market held a steady course this May, continuing the balanced trend we’ve been seeing throughout 2025. A total of 758 properties sold in the Victoria Real Estate Board region, just slightly below May 2024, and a significant 18.1% increase over April 2025.

What’s fueling this consistency? A healthy mix of rising inventory and stable interest rates has created a more comfortable experience for both buyers and sellers. While this market may not make dramatic headlines, it’s offering something even better: predictability.

🏡 Quick Stats for May 2025:

• Total Sales: 758 (up 18.1% from April 2025; down 0.7% from May 2024)

• Single-Family Home Sales: 401 (up 0.5% from last year)

• Condo Sales: 221 (down 6% from last year)

• Active Listings: 3,716 (up 11.3% year-over-year; highest since 2008)

• Benchmark Home Price (Victoria Core):

  • Single Family: $1,326,600 (+1.3% from May 2024)

  • Condo: $564,100 (–0.9% from May 2024)

👀 If You’re a Buyer Right Now…

This may be one of the most comfortable buyer markets Victoria has seen in years. With inventory at its highest since 2008, you’ve got more options, less pressure, and better odds of negotiating terms that work for you. Prices are relatively stable, and interest rates haven’t seen major movement recently, making it easier to plan your finances long-term.

➡️ Tip: If you’ve been waiting for the right moment to re-enter the market or move up/downsize, this kind of stable, balanced market can give you an edge, especially with more listings to compare.

🏠 If You’re a Seller Right Now…

The good news? Homes are still selling, and we're seeing the highest number of monthly sales since May 2024. But with more listings hitting the market, it’s crucial to make your home stand out, both online and in person. The days of skipping prep work and getting multiple offers instantly are less common.

➡️ Tip: Pricing strategically, staging thoughtfully, and working with an agent who understands your hyper-local market will help you attract the right buyer in this more balanced environment.

Final Thoughts

As Board Chair Dirk VanderWal said, "It might be boring to report on—but this kind of market is much more comfortable for buyers and sellers to navigate than what we’ve seen in recent years."

Whether you're curious about your home's value or thinking about a summer purchase, I'm happy to walk you through what’s happening in your specific area or price point.

📩 Reach out anytime for a custom market snapshot or to talk about your next steps.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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Summer is officially here—and whether you’re enjoying your forever home or planning to list later this year, now’s the time to give your space a seasonal refresh. Staying on top of maintenance not only protects your home’s value but also helps you enjoy it more fully during the sunny months.

Here are five essential tasks to consider this June:

🧽 1. Power wash outdoor surfaces
Decks, patios, siding, and even walkways benefit from a fresh blast to remove moss, pollen, and dirt. Don’t forget to check your driveway for oil stains or grime buildup.

🍃 2. Clean out your gutters
Even in summer, clogged gutters can cause trouble during unexpected downpours. If you’re not up for the ladder work, many local services offer quick cleanings.

🔨 3. Inspect your roof
A sunny day is ideal for a quick look at your roof—missing or cracked shingles, worn flashing, or signs of moss should be addressed now before the fall.

🌼 4. Refresh your garden beds & mulch
Trim back overgrowth, add a pop of colour with new annuals, and top up your mulch to conserve water during drier weeks.

💧 5. Tune up your irrigation system
Sprinkler or drip system? Ensure everything is working efficiently—leaks and uneven coverage can lead to high bills or stressed plants.

🌸 Bonus Section: Living in a Condo or Townhouse? Here's Your Spring/Summer Checklist

Even if your strata handles exterior maintenance, there are a few smart seasonal tasks you can take on to keep your unit in tip-top shape:

🪟 Check and clean your windows & screens
Use a mild detergent and a soft cloth to remove dirt and dust buildup. Fresh screens let in the breeze without the bugs.

🌬 Service your HVAC or A/C units
If your unit has in-suite heating/cooling, book a filter replacement or maintenance check before the hottest days arrive.

🧺 Clean your dryer vent
Lint buildup is a serious fire hazard and can reduce your dryer’s efficiency—ask your strata if you’re unsure where the exterior vent is.

🪴 Add summer life to your balcony or patio
Container plants, herbs, or a cozy chair go a long way in making your outdoor space feel like a seasonal retreat.

✨ Thinking of selling this year?

Buyers notice the little things. Seasonal maintenance and fresh curb appeal (yes, even for townhomes and condos) can help your home stand out in photos and showings. Want a personalized list to get ready? Just reply or send me a message—I'd be happy to help.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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The crocuses are blooming, the days are getting longer, and "For Sale" signs are popping up everywhere. Welcome to the spring housing market! While the warmer weather and increased inventory make it an exciting time for first-time home buyers, it's also traditionally the busiest and most competitive season in Victoria.

But don't let that deter you! With the right preparation and strategy, you can navigate the buzz and land your dream home. Here's what first-time home buyers should focus on to stay ahead and get the house they want this spring.

1. Get Pre-Approved, Not Just Pre-Qualified (and Do It NOW!)

This is the golden rule for spring market success. A mortgage pre-approval is miles ahead of a pre-qualification. A pre-qualification is a quick estimate of what you might be able to borrow, while a pre-approval means a lender has verified your financial information, credit score, and income, and committed to lending you a specific amount.

Why this matters in spring:

• Shows you're serious: In a competitive market, sellers and their agents prioritize offers from pre-approved buyers. It signals you're financially ready and reduces the risk of the deal falling through.

• Know your true budget: You'll have a clear understanding of exactly how much you can afford, saving you time and preventing you from falling in love with homes out of your price range.

• Act fast: When that perfect home appears, you'll be ready to make a strong offer without delay. Homes in the spring can sell in days, even hours!

2. Understand Victoria's Market Dynamics

While the overall Victoria market has seen some shifts, the spring market still brings a surge in listings and buyer activity.

• More inventory, more competition: You'll have more homes to choose from, but so will everyone else.

• Be prepared for quick decisions: Desirable properties, especially in prime locations, will move very fast.

• Monitor local trends: Work closely with me as your real estate agent to understand the specific dynamics of your desired neighbourhood. Are bidding wars common? Are prices holding steady or declining?

3. Define Your "Must-Haves" vs "Nice-to-Haves"

Before you even step into your first open house, sit down and make a comprehensive list.

• Must-haves: These are non-negotiable features (e.g., number of bedrooms, specific school district, attached garage).

• Nice-to-haves: These are features you'd love but could compromise on (e.g., granite countertops, a specific type of flooring, a large backyard).

• Deal-breakers: What absolutely won't work for you (e.g., on a busy road, needs major structural repairs).

Having this clarity will help you filter listings efficiently and make confident decisions when you're under pressure.

4. Assemble Your Dream Team

You wouldn't build a house without an architect and a contractor, so don't buy one without the right professionals!

• Experienced Real Estate Agent: I’m a local agent who truly understands the spring market in your desired area is invaluable. I’ll give you early access to listings, help you craft competitive offers, and navigate negotiations.

• Mortgage Broker: While banks offer their own products, a mortgage broker shops around with multiple lenders to find you the best rates and terms. They can explain different mortgage types (fixed vs. variable) and help you understand your options. I can recommend great professionals to work with.

• Home Inspector: Even in a fast-paced market, do not skip the home inspection. Spring weather can reveal issues that might be hidden in winter. A professional inspection can uncover potential problems and save you from costly surprises down the road. Need one? I’ve got you!

5. Be Ready to Make a Strong, Strategic Offer

In a competitive spring market, your offer needs to stand out.

• Competitive Price: As your agent, I’ll help you determine a fair and competitive offer based on recent comparable sales. In some areas, offering slightly over asking might be necessary.

• Limit Contingencies (Carefully!): While contingencies (like financing or inspection clauses) protect you, too many can make your offer less attractive to a seller. We’ll discuss which ones you can safely reduce or waive, especially if you have a solid pre-approval.

• Flexible Closing Date: Accommodating the seller's preferred closing date can give you an edge, even if your price isn't the absolute highest.

• Personalized Letter (Optional but Powerful): A heartfelt letter to the sellers, explaining why you love their home and envision your life there, can sometimes create an emotional connection that sways their decision.

6. Budget Beyond the Purchase Price

Many first-time buyers focus solely on the down payment and mortgage, but there are other significant costs to factor in:

• Closing Costs: These include legal fees, property transfer tax, title insurance, appraisal fees, and more. They typically range from 1.5% to 4% of the purchase price in Victoria.

• Property Taxes: Don't forget these ongoing costs!

• Home Insurance: A mandatory expense when you have a mortgage.

• Moving Expenses & Initial Repairs: Factor in costs for movers, new appliances, or any immediate fixes.

The spring market offers a fantastic opportunity for first-time home buyers in Victoria, with more choices and potentially easing prices in some segments. By being prepared, proactive, and working with the right professionals, you can confidently enter the market and achieve your homeownership dreams this season.

Don't just dream about your first home – make it a reality this spring! Start your pre-approval process today and connect with me, your trusted local real estate agent, to get a head start.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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I’m here to help you understand the latest in our market, influenced by both recent federal developments and local trends.

Federal Election Impact on Housing & Mortgages: A Quick Look

Following the recent federal election where the Liberal Party secured a minority government, several housing-related promises are on the horizon. Key proposals include potential GST removal on new homes under $1 million for first-time buyers and significant investment in homebuilding, particularly for rental and affordable units.

While interest rates may see further easing later this year, economic uncertainties remain. The full impact of these policies will become clearer with the upcoming federal budget.

Victoria Real Estate Market: April 2025 in Review

April saw a total of 642 properties sold in the Victoria region, a slight decrease year-over-year but an increase from March. Condominium sales decreased, while single-family home sales remained relatively stable. VREB Chair Dirk VanderWal noted that federal election uncertainty and broader US economic concerns likely tempered the spring market, yet the local market showed "continued stability" with steady pricing and inventory.

Active listings rose to 3,425, indicating a balanced market with more options for buyers. While single-family homes in certain price ranges are in demand and may see multiple offers, the condo market has a larger supply. The benchmark price for a single-family home in the Victoria Core was $1,344,800 (a 3.3% annual increase), and for a condo, it was $566,100 (a 0.9% annual increase).

What This Means for Buyers

• More inventory provides greater choice.

• Price growth is relatively stable, though some competition exists for single-family homes.

• Potential GST savings for first-time buyers on new homes are worth monitoring.

• Explore various property types, as the condo market offers more options.

What This Means for Sellers

• Strategic pricing and presentation are key in a balanced market.

• Well-priced single-family homes in desirable areas can still see strong interest.

• The condo market requires competitive pricing to attract buyers.

• Be mindful of broader economic and political influences on buyer sentiment.

Navigating Your Real Estate Future:

Understanding the nuances of interest rate decisions and their potential impact on your real estate plans is crucial. Whether you're considering buying your first home, looking to sell your current property, I'm here to provide clarity and expert guidance.

And speaking of expert guidance, navigating the mortgage landscape can feel overwhelming. If you're looking for assistance with a mortgage renewal or are considering a purchase and need trusted advice, I highly recommend connecting with Paul Macara and Dan Miller of The Mortgage Group. They are seasoned professionals who can help you understand your best options in this evolving economic environment.

Don't hesitate to reach out with any questions you may have. I'm always happy to help you make informed decisions and achieve your real estate goals right here in beautiful Victoria!

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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Selling your home is an exciting process, but it also requires a keen eye for detail. While you're likely focused on scrubbing countertops and vacuuming floors, savvy buyers often notice the little things that can speak volumes about how well a home has been maintained. Don't let these five frequently overlooked areas leave a negative impression and potentially cost you a sale. Here's your checklist for those often-forgotten cleaning tasks:

1. The Silent Accusers: Baseboards and Door Frames

Think about it – your eyes naturally scan along the edges of a room. That's where dust and scuff marks love to accumulate on baseboards and door frames. These seemingly minor blemishes can subconsciously signal a lack of attention to detail and overall neglect. The Fix: A quick wipe-down with a damp cloth or a gentle cleaning solution can make a surprisingly significant difference, instantly freshening up the entire space.

2. Grime Hotspots: Light Switches and Outlet Covers

Consider how often these are touched! Light switches and outlet covers are magnets for fingerprints, dust, and general grime. These small, often-overlooked surfaces can be a subtle turn-off for buyers. The Fix: Arm yourself with a magic eraser or a gentle all-purpose cleaner. A few seconds of scrubbing can make these high-touch areas look brand new and convey a sense of cleanliness throughout the home.

3. Breathing Easy (and Looking Clean): Vents and Fan Covers

Dusty HVAC vents and bathroom fan covers are more noticeable than you might think. Not only do they look unsightly, but they can also hint at potential air quality issues. The Fix: Take the time to remove these covers and give them a proper cleaning. A vacuum cleaner with a brush attachment works well for loose dust, and a wash with soapy water can tackle more stubborn buildup. Clean vents and fans contribute to a fresher-feeling home.

4. A Glimpse into Storage: Inside Closets

Buyers always peek inside closets. What they find can significantly impact their perception of the home's storage space and overall care. Cluttered or dirty closets can feel smaller and less appealing. The Fix: Beyond decluttering and organizing, take a moment to wipe down shelves and vacuum or sweep the closet floors. Neatly organized, clean closets create an impression of ample storage and a well-maintained home.

5. The Hidden Evidence: Under Appliances

That narrow gap under your stove or refrigerator might seem out of sight, out of mind. However, buyers often notice these areas, and accumulated dust, crumbs, or spills can be a major red flag. The Fix: Take the effort to carefully pull out your appliances (if possible and safe to do so) and thoroughly sweep or vacuum underneath. A clean area under appliances suggests a deeper level of care and attention to detail.

The Takeaway:

A truly sparkling clean home goes beyond the obvious. By paying attention to these five often-overlooked areas, you can create a more positive and confident impression on potential buyers. Remember, a clean home doesn’t just look better – it feels better, and those positive feelings can be the key to a successful sale!

Ready to List Your Home and Shine?

Getting your property ready matters to buyers. When you list with me, I'll support you at every step. To make cleaning easier and save you money, I can connect you with a trusted local cleaner and get you a discount! Let's ensure your home makes a fantastic first impression. Contact me today to get started!

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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