Market Updates

June 2026 Victoria Real Estate Market Report

Thu, 02 Jul 2026 19:33:52 GMT

Jacqueline Ross breaks down the June 2026 Victoria real estate market: 719 sales, 4,054 active listings, and what the numbers mean for buyers, sellers, and downsizers on Vancouver Island.

Victoria Real Estate Market Update May 2026

Mon, 01 Jun 2026 22:26:11 GMT

713 sales, 4,029 active listings, and the most inventory in eleven years. Here is what May 2026 means for Victoria buyers and sellers.

Victoria Real Estate Market Update April 2026 | Rates, Economy & Housing

Mon, 04 May 2026 20:08:01 GMT

April 2026 Victoria real estate update with interest rates, economy, and what it means for buyers and sellers.

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

Wed, 15 Apr 2026 18:45:18 GMT

A mid-spring look at Victoria’s real estate market—what’s shifting, where opportunities are, and what buyers and sellers should know.

Victoria Real Estate Market Update – March 2026 | What Buyers & Sellers Need to Know

Wed, 01 Apr 2026 21:17:30 GMT

A More Balanced Spring Market Takes Shape

As we move into spring, the Greater Victoria real estate market is following a familiar seasonal pattern—activity is building, inventory is rising, and conditions are becoming more balanced.

A total of 579 properties sold in March 2026, which is 24.5% higher than February, but 5.5% lower than March 2025. This tells us the market is active, but without the urgency and pressure we saw in previous years.

Breaking it down further:

285 single-family homes sold (down 2.4% year-over-year)
164 condominiums sold (down 18.8% year-over-year)

At the same time, inventory continues to expand.

There were 3,261 active listings at the end of March, up 12.3% from February and 7.9% higher than March 2025—giving buyers more choice and helping create more balanced conditions overall.

Home Prices: Holding Steady with Subtle Shifts

Pricing in Victoria remains relatively stable, with small year-over-year adjustments and slight month-over-month gains.

The benchmark price for a single-family home in the Victoria Core is now $1,330,200, down 1.1% year-over-year, but up from February
The benchmark price for a condominium is $553,800, down 0.8% year-over-year, also increasing from the previous month

This tells us we’re not in a declining market—we’re in a stabilizing one.

The Economic Backdrop: Why This Matters

The real estate market doesn’t operate in a vacuum—and right now, the broader economy is playing a major role.

In mid-March, the Bank of Canada held its overnight rate steady, signaling a cautious approach as inflation continues to cool.

What this means:

Borrowing costs are stable for now
Buyers are gaining confidence to re-enter the market
Sellers are seeing more serious, qualified buyers

At the same time, Canada is experiencing one of the largest mortgage renewal waves in decades.

Many homeowners are now:

Renewing into higher rates
Reassessing monthly affordability
Exploring refinancing options
Considering downsizing or lifestyle changes

What This Means If You’re Buying

This is one of the most balanced markets we’ve seen in recent years.

Buyers now have:

More inventory and selection
More time to evaluate properties
Greater ability to include conditions
Less pressure to compete

That said, desirable and well-priced homes are still moving quickly.

The opportunity right now:
Make informed, thoughtful decisions—without the pressure of a peak market.

What This Means If You’re Selling

The market is active—but buyers are more selective.

Today’s buyers are:

Price-conscious
Well-informed
Less willing to overlook issues

Homes that are:

Well-prepared
Strategically priced
Clearly positioned

…are still selling successfully.

The key right now:
Pricing and presentation matter more than ever.

What This Means If You’re Renewing or Refinancing

This is one of the biggest shifts happening in the market right now.

If you’re approaching a mortgage renewal, you may be facing higher rates than your previous term.

This is a good time to explore:

Refinancing strategies
Adjusting amortization
Accessing equity
Downsizing to reduce monthly costs

Having a plan early can make a significant difference.

A Note for Downsizers

This current market creates a unique opportunity for downsizers.

With more inventory available and less competition, you have:

More choice when it comes to condos and townhomes
More time to explore options
Greater ability to coordinate your sale and purchase

At the same time, well-maintained homes in established neighbourhoods continue to attract strong interest.

For many, this is an ideal moment to:

Simplify your home and reduce maintenance
Unlock equity
Move closer to amenities, family, or community

The Bottom Line

We’re in a more stable, opportunity-driven market—not a chaotic one.

That’s good news.

It means:

Buyers can plan more carefully
Sellers can still achieve strong results—with the right strategy
Homeowners have options, even in a shifting rate environment

Thinking About Your Next Step?

Whether you're buying, selling, or planning ahead for a renewal, I’m here to help you navigate your next move with clarity and confidence.

👉 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

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

February 2026 Victoria Real Estate Market Update

Tue, 03 Mar 2026 05:33:10 GMT

February 2026 Victoria real estate market update: 465 sales, rising inventory, balanced conditions, and stable benchmark prices. See what this means for buyers, sellers, and homeowners facing mortgage renewals.

Victoria Real Estate Market Update: January 2026

Tue, 03 Feb 2026 23:03:39 GMT

February 2026 Victoria real estate update covering January sales, pricing trends, inventory levels, and interest rate stability.

Victoria Real Estate Market Update: December 2025

Tue, 06 Jan 2026 20:00:00 GMT

December 2025 Victoria real estate stats, pricing trends, and what today’s market means for buyers and sellers heading into 2026.

Victoria Real Estate Market Update – November 2025 | Sales Slow, Prices Hold Steady

Wed, 03 Dec 2025 19:30:00 GMT

November 2025 Victoria BC real estate market update. Read the full breakdown, benchmarks, and what buyers and sellers should expect heading into winter.

Victoria’s Real Estate Market Holds Steady: What It Means for Buyers, Sellers & Homeowners

Mon, 03 Nov 2025 18:00:21 GMT

A balanced Victoria housing market gives both buyers and sellers opportunities this fall. Learn what it means for you — and your next move.

Victoria Real Estate Market Update – September 2025

Wed, 01 Oct 2025 17:06:54 GMT

Discover the latest September 2025 Victoria real estate market trends, what they mean for buyers and sellers, and how the Bank of Canada’s 2.5% rate cut impacts mortgages, renewals, and refinances.

Victoria Real Estate Market Quiet but Steady to Summer’s End

Mon, 08 Sep 2025 17:30:00 GMT

Victoria’s real estate market slowed in August 2025, with fewer sales but steady prices. What this means for buyers and sellers as we head into the fall market.

Victoria Real Estate Market Summer 2025: What Buyers & Sellers Should Know

Thu, 07 Aug 2025 21:44:50 GMT

The Victoria real estate market stayed active this July with steady inventory and moderate price changes. Learn what this means if you're buying or selling in late summer 2025.

Victoria Real Estate Market Kicks Off Summer with Strength and Stability

Thu, 10 Jul 2025 01:56:24 GMT

Victoria’s real estate market is off to a strong summer start with higher sales, more listings, and resilient pricing. See what it means for buyers and sellers now.

Is Summer a Good Time to Buy or Sell?

Tue, 17 Jun 2025 22:12:40 GMT

Why summer is a great time to buy or sell a home in Victoria, with tips for navigating the 2025 market.

May 2025 Real Estate Market Update for Victoria, BC

Tue, 17 Jun 2025 22:10:17 GMT

Victoria’s May 2025 market remains steady with rising inventory and balanced conditions for buyers and sellers.

Victoria Real Estate: April Market & Post-Election Housing

Wed, 07 May 2025 00:09:02 GMT

Victoria real estate April market update & key post-election housing impacts. Contact Jacqueline Ross for expert advice for buyers & sellers.

Victoria Real Estate: Market Remains Stable in March 2025

Tue, 08 Apr 2025 19:41:56 GMT

Discover the latest Victoria real estate market trends for March 2025. Learn about sales volume, inventory levels, and benchmark prices for single-family homes and condos. Contact Jacqueline Ross for expert guidance.

Victoria Real Estate: Balanced Market in Feb 2025

Tue, 04 Mar 2025 02:55:28 GMT

Discover the latest Greater Victoria real estate market trends for February 2025. Learn how increased sales and inventory create a balanced market benefiting both buyers and sellers.

Victoria BC Real Estate: Stable Prices, Increased Sales

Thu, 06 Feb 2025 18:00:00 GMT

January 2025 Victoria real estate market update: balanced inventory, stable prices, and increased sales. Learn more about the latest trends from Jacqueline Ross and what it means for buyers and sellers.

Victoria Real Estate Market Update: December 2024

Mon, 06 Jan 2025 21:14:13 GMT

Thinking of buying or selling in Victoria in 2025? I'm Jacqueline Ross, and I'll break down the December 2024 market activity, price trends, and insights from the Victoria Real Estate Board to help you navigate the market!

Victoria Real Estate Update: Balanced Market Offers Opportunities for Buyers and Sellers

Mon, 02 Dec 2024 20:00:00 GMT

Find out the latest happening in the Victoria BC real estate market for the month of November 2024.