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Victoria Real Estate Market Update May 2026

May in Victoria felt like the moment people stopped holding their breath. I noticed it when a client mentioned she had spent a whole afternoon visiting three different properties and never once felt rushed. That kind of ease has not been part of the story here for a while. It tells me something real about where we are right now.

Here is what the data is showing, and more importantly, what I think it means for people who are thinking about their next move.

What the Numbers Say

A total of 713 properties sold across the Victoria Real Estate Board region in May 2026. That is 5.9% fewer than May 2025, but 11% more than April 2026, which means momentum is building even if the year-over-year comparison looks soft. Single family home sales came in at 385, down 4 per cent from last May. Condo sales were 188, down 15% from the same time last year. Townhomes were a quieter story, with 98 sales and an 9% increase over last year.

The number that matters most right now is active listings. There were 4,029 properties for sale at the end of May, up 8.6% from April and 8.4% higher than May 2025. That is the most inventory this market has seen in eleven years. If you have been waiting for more options, this is the environment you were waiting for.

What Prices Are Doing

The MLS Home Price Index benchmark for a single family home in the Victoria Core sits at $1,339,000, essentially flat compared to last May and barely changed from April. Condo benchmarks in the Core are at $551,400, down 1.9 per cent from last year. On the Saanich Peninsula, single family benchmarks are up 4% year over year at $1,292,000, which tells a different story than the rest of the region. The Westshore single family benchmark sits at $1,028,100, down almost 3% from last May.

The sales to active listings ratio for the region is sitting at roughly 17%, which puts us right at the edge of balanced market territory. Prices are not under dramatic pressure in either direction, but sellers cannot assume the market will do their pricing work for them anymore.

What This Means If You Are Buying

This is one of the better environments for buyers that we have seen in several years. More inventory means more time to think, more properties to compare, and more room to negotiate. The days of writing offers the same afternoon you viewed a home are largely behind us for now. If you have been sitting on the sidelines waiting for conditions to shift in your favour, this is worth paying attention to. The Peninsula in particular is worth a look if single family homes are your target, since values there have held and even grown modestly while other areas have softened.

What This Means If You Are Selling

Realistic pricing is the whole conversation right now. With more competition on the market and buyers taking their time, homes that are priced thoughtfully for their neighbourhood and condition are still selling. Homes that are not are sitting. The average days on market across the region varies significantly by area, and understanding where your property fits within its specific submarket matters more than broad regional trends. If you are thinking about listing this summer, the window before the seasonal slowdown is still open, but it will not be open indefinitely.

A Note for Anyone Thinking About Downsizing

May's numbers are quietly encouraging for people in the middle of this decision. More inventory means more choices at the other end of the move, whether that is a strata townhome, a ground floor condo, or a smaller detached home in a neighbourhood you have always liked but never quite lived in. If you have been wondering whether now is the right time to find out what your current home is worth and what your next chapter might look like, I am genuinely happy to have that conversation with you. No pressure, no agenda. Just two people thinking it through together.

If you are wondering what May's numbers mean for your specific situation, whether you are thinking about selling, buying, or just starting to explore your options, I am happy to talk it through. Reply to this email, or book a call here. No agenda, just a conversation.

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com

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Helping you find home, and community, here in Victoria, BC.

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Listed in Langford: A Rare 4-Bed Family Home | 2921 Mount Wells Drive

See details here

This is one of the few genuinely rare homes in Langford: four bedrooms, four bathrooms, nearly 2,700 square feet, and a large private corner lot in an established, quiet neighbourhood. Originally built as the subdivision builder's own residence, it was designed with more space, more storage, and more flexibility than most homes around it. That still holds true today.

Room to Actually Live
What strikes most people when they walk through is how much this home can hold. There is a large eat-in kitchen, a formal dining room, a living room, a family room, a playroom, and a lower level kitchenette with bar. The true double garage has workshop space. The basement adds even more storage. For families who have outgrown their current home, or buyers coming from a larger market and expecting more for their money, this layout delivers.

Updated Where It Counts
The home has seen thoughtful improvements over the years including a full kitchen renovation, elevated bathroom updates, newer windows, a gas fireplace, a heat pump for year-round comfort, and fresh interior and exterior paint. The backyard is private and ready for use, with a patio, gazebo, gas BBQ hookup, hot tub, and shed.

A Neighbourhood Worth Knowing
The Goldstream area of Langford sits in a sweet spot. It is quiet and established, close to schools, trails, and everyday amenities, and well connected to the rest of the Westshore and Victoria. For families putting down roots, or buyers relocating to Vancouver Island and looking for a genuine community to land in, this neighbourhood tends to feel immediately right.

The Opportunity
Homes offering this combination of square footage, lot size, and layout are genuinely uncommon in Langford at any price. At the new list price of $1,225,000, this is a home worth seeing with fresh eyes.

There is an open house coming up on May 30th, from 11am-1pm, and private showings are available with 24 hours notice.

See full listings details here

Jacqueline Ross, REALTOR®
Your Van Isle Home
250-415-5656
jac@yourvanislehome.com
Instagram | Facebook

Helping you find home — and community — here in Victoria, BC.

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Spring Cleaning in 2026: The Reset Your Home (and Life) Might Actually Need

Feeling overwhelmed by clutter? Here’s a realistic spring cleaning and decluttering guide for 2026, plus downsizing tips for homeowners in Victoria, BC.

Spring cleaning hits differently when you’re no longer just cleaning. At some point, it becomes about simplifying. Creating space. Making life easier. Letting go of the things you no longer use, need, or even enjoy maintaining.

And honestly? I’m hearing this from so many people right now across Victoria, Sidney, Central Saanich, and the WestShore.

People are tired of feeling buried in stuff. Tired of managing homes that no longer fit the season of life they’re in. Tired of opening closets, garages, and spare rooms filled with things they haven’t touched in years.

Spring is often when it finally catches up with us. The light changes, the weather improves, and suddenly you start noticing everything.

The overflowing storage room. The kitchen drawers. The guest room that quietly became a holding zone. The house that maybe feels a little bigger than you actually need now. And while a deep clean helps, what many people are actually craving is a reset.

Start With Decluttering — Not Organizing

One of the biggest mistakes people make is buying bins and organizers before they’ve decided what actually deserves to stay. 

You don’t need better storage for things you no longer use. Start smaller than you think. One drawer. One shelf. One closet. You do not need to tackle the entire house in one weekend. The people who make the most progress are usually the ones who stop trying to make it perfect.

A few simple questions can help:

  • Would I buy this again today?

  • Have I used this in the last year?

  • Is this adding value to my daily life?

  • Am I keeping this out of guilt?

  • Would someone else benefit from this more than I am?

And if you’re downsizing in the next few years — even casually thinking about it — this process becomes incredibly valuable. Every item you let go of now is one less thing you or your family have to manage later.

Why So Many People Are Downsizing Right Now

I’ve noticed a huge shift over the past couple of years. For many homeowners, especially downsizers and retirees, the conversation isn’t only about money. It’s about lifestyle.

People want:

  • Less maintenance

  • More freedom to travel

  • Single-level living

  • Walkability

  • Lower stress

  • Space that feels manageable and comfortable

  • More time enjoying life instead of maintaining a property

And honestly, I get it. Victoria and Vancouver Island have so many incredible options now for people looking to simplify without sacrificing quality of life.

Some people want a condo near coffee shops and the ocean. Some want a quiet 55+ community. Some want a townhome with less yardwork. Some want to stay close to family while reducing expenses and upkeep.

There’s no one-size-fits-all answer. But what I’ve learned is this: Most successful downsizing moves start long before the home hits the market. They start with the emotional and physical process of simplifying.

The “Maybe Later” Pile Is Usually the Problem

If you’ve started decluttering before, you probably know exactly what I mean. The donation pile happens. The garbage pile happens. But then there’s the “maybe later” pile. That pile is usually where momentum disappears.

If you’re stuck, try creating only these categories:

  • Keep

  • Donate

  • Sell

  • Recycle or toss

That’s it.

The less overthinking involved, the easier the process becomes. And no — you do not need to become a minimalist. You just want your home to feel lighter.

A Few Often-Forgotten Spring Cleaning Areas

Once the clutter is reduced, cleaning becomes dramatically easier. 

Some areas people often forget:

  • Baseboards and trim

  • Window tracks

  • Bathroom fans

  • Kitchen cabinet fronts

  • Under sinks

  • Behind appliances

  • Outdoor furniture

  • Garage shelving

  • Entryway closets

  • Expired pantry items

A clean, simplified space genuinely affects how a home feels. Not just visually — emotionally.

Thinking About Downsizing? Start Earlier Than You Think

One thing I always tell clients: Downsizing is rarely just a real estate decision. It’s a life transition. And the people who feel the least stressed are usually the ones who begin planning earlier. Even if your move is still one, two, or three years away.

Starting now gives you time to:

  • Declutter gradually

  • Understand your options

  • Learn neighbourhoods and housing types

  • Prepare financially

  • Reduce overwhelm

  • Make decisions thoughtfully instead of reactively

You don’t need to rush. In fact, you probably shouldn’t.

My Downsizing Resources

Over the last few years, I’ve helped many people navigate downsizing and relocation here on Vancouver Island. And because it can feel overwhelming, I created resources to help make the process easier.

You can explore my downsizing resources here:

Smart Downsizing Guide

And if you’re starting to think about simplifying, relocating, or exploring what your next chapter could look like, I’m always happy to chat. No pressure. No hard sales. Just honest conversations and thoughtful planning.

Because sometimes spring cleaning turns into something bigger. Sometimes it becomes the first step toward creating a home — and lifestyle — that fits you better now.

Jacqueline Ross, REALTOR®
Your Van Isle Home
250-415-5656
jac@yourvanislehome.com
Instagram | Facebook

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What I’m Seeing in the Victoria Real Estate Market Right Now

April is one of those turning-point months in Victoria real estate. The energy shifts—more homes come to market, more buyers start looking seriously, and decisions that have been sitting quietly since winter begin to move forward.

If you’re wondering whether now is a good time to make a move (or even just thinking about it), here’s what I’m seeing on the ground right now.

More Listings, More Choice

We’re finally seeing inventory pick up across Greater Victoria, including Sidney, the Saanich Peninsula, and the WestShore.

For buyers, this means more options—and a bit of breathing room compared to the tighter conditions earlier this year.

But more choice doesn’t mean endless opportunity. The best homes are still standing out and attracting attention quickly.

Buyers Are More Thoughtful—But Still Acting

Buyers right now are taking a bit more time. They’re comparing options, revisiting homes, and making more considered decisions.

That said, when the right home comes along—well-priced, well-presented, and in a good location—they’re still stepping forward.

This is a more balanced market, but not a slow one.

Presentation Matters More Than Ever

With more listings to choose from, buyers are naturally comparing.

Homes that show well—clean, bright, and thoughtfully prepared—are the ones getting the strongest response.

This is especially important for downsizers or sellers who want to protect their value in a more competitive environment.

There’s Quiet Opportunity in Negotiation

One of the biggest shifts right now is happening behind the scenes.

We’re seeing more room for:

  • Thoughtful offers

  • Conditions that protect buyers

  • Conversations that weren’t possible in more competitive markets

This doesn’t mean lowballing—it means strategy matters more than speed.

What This Means for You

For buyers:
You have more options right now—and the ability to make a thoughtful decision. But when the right home comes up, it’s still important to act with confidence.

For sellers:
Preparation and pricing strategy are key. The right approach can still generate strong interest and results.

Final Thoughts

Spring is often when plans start to take shape—even if the move itself happens later. If you’re thinking about downsizing, relocating, or making a change this year, this is a great time to start the conversation and understand your options.

👉 Reach out anytime for a conversation
👉 Or request your home value to see where you stand in today’s market

Jacqueline Ross, REALTOR®
Your Van Isle Home
250-415-5656
jac@yourvanislehome.com
Instagram | Facebook

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Winter Home Care That Actually Matters

Simple steps that protect your home—and its value

Winter on Vancouver Island doesn’t usually bring extreme cold, but it does bring moisture, condensation, and higher energy use. These are the quiet issues that can impact a home over time if left unchecked. The good news? A few simple habits and small maintenance tasks can make a real difference—both for comfort now and long-term value down the road.

Here’s what actually matters during the winter months.

Moisture Control: The Silent Issue Most Homeowners Miss

Moisture is one of the biggest contributors to long-term home damage, especially in coastal climates. Excess humidity can lead to condensation, mould, and deterioration of finishes and window frames.

What to watch for:

  • Condensation on windows, especially in the mornings

  • Musty smells in bathrooms, closets, or lower levels

  • Dampness around window sills or exterior walls

What helps:

  • Run bathroom and kitchen fans during and after use

  • Open blinds or curtains during the day to allow airflow

  • Use a dehumidifier in problem areas if needed

Managing moisture now helps protect drywall, flooring, windows, and indoor air quality over time.

Heating: Comfort Without Overworking Your System

Winter is when heating systems work the hardest. Keeping things efficient doesn’t require a major upgrade—just a bit of attention.

Simple winter checks:

  • Replace or clean furnace filters regularly

  • Make sure vents and baseboard heaters aren’t blocked

  • Set thermostats consistently instead of frequent ups and downs

Even small adjustments can reduce strain on your system, lower energy costs, and extend the life of your equipment.

Ventilation: Fresh Air Matters More Than You Think

In colder months, homes tend to stay sealed up, which traps moisture and stale air inside. Balanced ventilation helps regulate humidity and keeps indoor air healthier.

Easy habits that help:

  • Run fans daily, even for short periods

  • Crack a window briefly when weather allows

  • Ensure vents and fans are actually venting outside

Good ventilation supports both comfort and long-term home condition—especially in kitchens, bathrooms, and laundry areas.

Small Tasks That Protect Long-Term Value

These quick winter check-ins don’t take much time, but they add up when it comes to resale and overall home health.

Worth doing:

  • Check weather stripping around doors and windows

  • Clear exterior drains and gutters after heavy rain

  • Watch for minor leaks or drafts and address them early

Homes that are consistently cared for—especially in winter—tend to show better and sell better when the time comes.

Simple Energy-Saving Habits

You don’t need a full energy retrofit to be more efficient this winter.

Try this:

  • Lower your thermostat slightly overnight

  • Use heavier curtains in the evenings

  • Turn off unused electronics and lights

These small changes can noticeably reduce monthly costs while keeping your home comfortable.

A Seasonal Reminder

Winter home care is less about big projects and more about staying ahead of the quiet issues. A little awareness now can prevent costly repairs later—and helps protect the value you’ve built over time.

If you ever want a second set of eyes on how your home is performing, or you’re thinking ahead to selling or downsizing, I’m always happy to chat.

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

www.YourVanIsleHome.com
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Helping you find home — and community — here in Victoria, BC.

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🏡 Rates Drop Again — Is Now Your Time to Buy in Victoria?

The Bank of Canada just lowered its key interest rate to 2.25%, marking the second cut in a row — and for anyone thinking about buying or refinancing, this could be a golden window of opportunity. Let’s break it down.


💡 What This Means for You

The central bank’s move makes borrowing slightly cheaper, especially for variable-rate mortgages and anyone renewing soon. It’s not a massive overnight drop in payments, but it does signal a more supportive lending environment.

If you’re buying:

  • Lower rates can stretch your affordability just a bit further.

  • A pre-approval now locks in a lower rate if things rise again.

  • Victoria’s market is still steady, so being prepared helps you act fast when the right home appears.

If you’re refinancing:

  • Your variable-rate mortgage may see a small payment dip.

  • Fixed-rate borrowers can explore new terms when their mortgage renews.

  • It’s worth reviewing break-even numbers with a trusted broker to see if a refinance saves you money.


🌊 Why It Matters in Victoria

Our market moves differently from the rest of the country — limited supply, coastal charm, and lifestyle demand keep things balanced. A rate cut doesn’t mean “cheap housing,” but it does mean a little more breathing room and opportunity for smart, strategic buyers and sellers.

Now is a great time to:

  • Review your budget and ideal monthly payment

  • Get pre-approved to stay ready

  • Talk strategy with your REALTOR® and mortgage advisor team


💬 Let’s Chat

Whether you’re planning to buy, sell, or refinance, I’m here to guide you with the local insight, strategy, and heart it takes to make your next move confidently. And if you need a recommendation for trusted mortgage brokers who can help make sense of your financial options, I’m happy to connect you with them. 

📞 Let’s connect today — YourVanIsleHome.com
Because finding your home (and your people) in Victoria starts with a conversation.

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

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.