The Victoria real estate market ended the summer on a quiet but steady note. According to the Victoria Real Estate Board, 525 properties sold in August 2025—a 3.7% dip compared to August 2024 and 22.8% fewer than July 2025. While condo sales fell 16% year-over-year with 152 units sold, single-family home sales actually rose by 6.3% with 268 homes sold.

Inventory levels also shifted. There were 3,600 active listings at the end of August, down 2.8% from July but still 12.8% higher than August 2024. This increase in availability gives buyers and sellers more breathing room compared to the fast-paced market conditions of recent years.

Price trends remain relatively stable. In Victoria’s core, the benchmark price for a single-family home rose 1.6% year-over-year to $1,308,100 (down slightly from July’s $1,338,800). Condos in the core slipped 1.4% year-over-year to $551,300.

As Board Chair Dirk VanderWal explains:
“Consumers are adjusting their expectations for the time it takes to sell, how long they have to make a decision, and what competition they will encounter. The current market allows more time for planning and decision-making—important when making one of the biggest financial choices of your life.”

What This Means for Buyers

For buyers, today’s conditions present more flexibility than even six months ago. With stable pricing, more inventory, and slightly softer competition, you have more time to make thoughtful decisions instead of rushing. The recent Bank of Canada rate cut to 2.5% has also shifted the mortgage landscape. Variable rates are trending lower, while fixed rates are softening gradually. This creates an opportunity to explore different financing options that may not have been available just a few months back.

What This Means for Sellers

If you’re planning to list this fall, know that buyers have options and are moving carefully. Homes are still selling, but the pace is steadier, and pricing your home strategically will be key. Preparing your property now could help you capture attention as the market ramps up in the fall.

Mortgage Insights: Renewals, Refinances & Rate Trends

Dan Miller and Paul Macara at The Mortgage Group note a few important updates for homeowners and buyers:

• Variable rates are trending lower following the Bank of Canada’s cut to 2.5%, though discounts are tightening.

• Fixed rates are softening, though they tend to move down gradually.

• Lenders are competing aggressively for renewals and switches, which is great news if your mortgage is coming up for renewal.

• Refinance opportunities are worth exploring if you’re considering renovations, consolidating debt, or adjusting your financial plan.

With another Bank of Canada announcement possibly happening in October, now is a smart time to connect with a trusted mortgage broker to explore your options. Let me know if you want an introduction to them.

Final Thoughts

The Victoria market is balancing out—creating opportunities for both buyers and sellers to plan ahead instead of rushing. Whether you’re buying, selling, renewing, or refinancing, you don’t have to navigate this shift alone.

If you’d like to discuss your real estate plans this fall, or be connected with my mortgage partners at The Mortgage Group for expert advice on renewals and refinances, I’d love to help.

📩 Reach out today and let’s make a plan that works for you.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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If you’re craving fresh, high-quality sushi in a cozy and welcoming setting, Sushi Island on Hillside Avenue is a must-visit. Located at 1633 Hillside Ave, Unit 105, Victoria, BC, this local gem offers a delightful dining experience with a wide selection of beautifully crafted rolls and sashimi.

From the moment you step inside, the friendly staff and relaxed atmosphere make you feel right at home. The menu features an impressive variety of both traditional and creative sushi rolls, each one expertly prepared and visually stunning.

On my recent visit, the spicy salmon roll stole the show — bursting with bold flavour and just the right amount of heat 🔥. The salmon sashimi was incredibly fresh and plated with care, showcasing the quality and attention to detail that Sushi Island is known for.

What I love most about this spot is the value. The prices are very reasonable for the quality and portion sizes offered, making it a great option for both casual sushi nights and special occasions.

Whether you’re a lifelong sushi lover or new to Japanese cuisine, Sushi Island delivers a consistently enjoyable experience that keeps you coming back. It’s one of those restaurants that reminds you why dining local is always worth it.

Check out their full menu and hours at www.sushiislandvictoria.com and treat yourself to a meal that’s as satisfying as it is delicious. 🍣

Need more recommendations? Contact me today and I’ll introduce you to more great places to eat, shop, and play in Victoria and around southern Vancouver Island.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
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As the days get shorter and the air turns crisp, fall is the perfect time to prepare your home for the colder months ahead. A few small seasonal maintenance tasks now can save you from bigger (and more expensive) headaches later. Whether you live in a single-family house, a townhouse, or a condo, here’s what to keep in mind this season.

For Homeowners

Clean Your Gutters
Falling leaves may be beautiful, but they can clog your gutters quickly. Clearing them out ensures proper drainage and helps prevent water damage to your roof and foundation.

Check Weatherstripping
Drafts around doors and windows not only make your home less comfortable but also increase your heating bills. Replacing worn-out weatherstripping is an easy and affordable fix that keeps the warmth in and the chill out.

Service Your Furnace
Scheduling a quick tune-up for your furnace in the fall means you’ll be ready when the temperatures drop. Regular servicing improves efficiency, extends the life of your system, and reduces the risk of mid-winter breakdowns.

For Condo Owners

Inspect Windows and Balcony Doors
Condos often have large windows or sliding doors — check the seals for drafts and add weatherstripping if needed. This small step helps with comfort and heating efficiency.

Check Heating Systems
If your condo uses electric baseboards or a heat pump, dust them off and test them early in the season to make sure they’re working properly. If heat is centralized, ask your strata when servicing is scheduled.

Prep Your Balcony or Patio
Clear leaves, store summer furniture, and ensure drains are unclogged to prevent water pooling or ice buildup. A tidy balcony is not only safer but also helps avoid damage.

Review Strata Notices
Many buildings schedule fall maintenance like chimney cleaning, window washing, or heating system checks. Stay informed so you can plan around these and take advantage of building-wide upkeep.

Taking care of these simple fall maintenance tasks — whether in a house, a townhouse, or a condo — will give you peace of mind and keep your home cozy all season long.

Thinking about selling your home or condo this fall or winter? Staying on top of seasonal maintenance helps protect your property’s value and makes it more appealing to buyers. If you’d like personalized advice on preparing your space for the market — or just want a trusted recommendation for local service providers — I’d love to help.

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