The Greater Victoria real estate market is moving through spring with steady momentum—but what’s shaping today’s market isn’t just housing activity. It’s also the broader economic environment.

In April 2026, a total of 643 properties sold, up 11.1% from March and essentially flat year-over-year. At the same time, inventory climbed to 3,710 active listings, giving buyers more choice and helping create more balanced conditions overall.

The Bigger Picture: Interest Rates and the Economy

A key driver right now is the decision by the Bank of Canada to hold its overnight rate at 2.25%. Ok, but what does this mean to me… a buyer or seller?

When rates are rising quickly, buyers often pull back due to uncertainty and affordability concerns. When rates are falling, activity tends to surge. But when rates hold steady—as they are now—it creates something different: confidence and predictability.

For buyers, this means you can make decisions without worrying about sudden changes to your borrowing power. For sellers, it means the pool of active buyers becomes more stable and consistent. At the same time, the economy is still adjusting.

Unemployment has edged slightly higher in parts of Canada, and while this varies regionally, it contributes to a more cautious mindset among buyers. Household expenses—from groceries to insurance to utilities—remain elevated compared to previous years, which also impacts how buyers approach affordability.

The result isn’t a slowdown—it’s a shift in behaviour.

If you’d like to understand this further, I’m happy to connect you to my trusted mortgage partners. They can review your whole financial picture and help you understand what rates you would qualify for. Just let me know.

A Balanced Market Is Taking Shape

Right now, Greater Victoria is in what many are calling a “Goldilocks” market.

Prices have remained relatively stable:
Single-family homes benchmark around $1,339,100
Condominiums around $558,300

These small year-over-year adjustments, combined with recent monthly increases, reflect a market that is stabilizing rather than correcting sharply.

Inventory is up, buyer interest is steady, and conditions are landing in that middle ground where neither side has a strong advantage.

What This Means If You’re Buying in Victoria

If you’re buying right now, this is one of the more strategic windows we’ve seen in recent years. Seriously.

You have more choice across property types and price points
You’re less likely to face intense bidding competition
You can plan more confidently with stable interest rates

However, affordability still matters. With higher day-to-day expenses and borrowing costs compared to past years, buyers are being more selective—and that’s actually creating better long-term decisions.

What This Means If You’re Selling in Victoria

For sellers, the opportunity is still strong—but execution matters.

Homes that are priced appropriately and presented well are attracting attention
Buyers are taking their time, but they are still active and ready when the right property comes up
Overpricing or under-preparing a home can lead to extended time on market

This is no longer a market where everything sells quickly regardless of strategy. It’s a market where thoughtful positioning wins.

Why Local Expertise Matters More Right Now

Victoria is not one single market—it’s a collection of micro-markets. Real estate here is like the weather!

Sidney, Langford, Saanich, and Victoria proper are all behaving differently
Condos, townhomes, and single-family homes are each responding differently to current conditions
Even within neighbourhoods, pricing and demand can vary significantly

This is why understanding your specific segment of the market is key to making the right move.

The Bottom Line

We’re in a rare moment where housing and the economy are aligning in a way that supports balanced, informed decision-making.

Stable interest rates
Increasing inventory
Measured buyer confidence

Whether you’re buying or selling, success right now comes down to strategy—not timing the market perfectly.

If you’re curious what’s happening in your neighbourhood—or how to position yourself in this market—I’m always happy to talk it through.

👉 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

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

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.

Sales Rebound, Inventory Grows & Balanced Conditions Firmly Take Hold

Through February, both the broader Canadian economy and the Greater Victoria housing market continued settling into a more stable and predictable rhythm after several years of rapid change.

We are no longer in a volatility-driven market.
We are in a strategy-driven one.

The Economy at a Glance

On January 28, the Bank of Canada held its key overnight rate at 2.25%, reinforcing stability in borrowing costs.

Nationally, economic growth has softened. GDP contracted in the final quarter of 2025 — the slowest annual growth since 2020 — with trade uncertainty and slowing manufacturing output contributing to weaker momentum.

The labour market remains mixed. While employment has shown resilience in some sectors, elevated unemployment levels and cautious hiring have tempered consumer confidence.

The key takeaway for homeowners and buyers alike is this: interest rates are steady and economic signals are clearer. Stability — even modest stability — reduces uncertainty and allows households to plan.

Greater Victoria Market – February 2026

February marked a noticeable shift locally.

A total of 465 properties sold across the Victoria Real Estate Board region.

That represents:
• 37.2% more sales than January 2026
• 11.9% fewer sales than February 2025

The year-over-year decline reflects normalization from stronger 2025 activity. The significant month-over-month increase signals spring momentum building.

Property Type Breakdown

Single Family Homes
206 sold
↓ 12% compared to February 2025

Condominiums
154 sold
↓ 19.8% compared to February 2025

Townhomes
66 sold
↑ 11.9% compared to February 2025

Townhomes were the only segment to see year-over-year growth, suggesting continued demand for mid-range housing options.

Inventory: The Defining Story

At the end of February, there were 2,903 active listings on the Victoria Real Estate Board MLS®.

That is:
• Up 10.6% from January 2026
• Up 10.4% from February 2025 (2,630 listings last year)

This rising inventory is what has moved our market firmly into balanced territory.

A balanced market means:
• Buyers have choice
• Sellers face competition
• Pricing matters more than urgency

We are no longer in scarcity conditions. But we are also not in a buyer’s market oversupply environment.

Prices in the Victoria Core

The MLS® Home Price Index (HPI) benchmark values tell a very steady story.

Single Family Home Benchmark
February 2025: $1,319,100
February 2026: $1,307,400
↓ 0.9% year over year
↑ From January’s $1,265,500

Condominium Benchmark
February 2025: $549,600
February 2026: $545,600
↓ 0.7% year over year
↑ From January’s $537,800

Townhome benchmark (Victoria Core): $842,800

The key detail: both single-family and condo benchmarks increased from January levels.

That signals stabilization — not decline.

Prices are not accelerating rapidly.
They are adjusting gradually and holding relatively steady.

What This Means for Buyers

Buyers are operating in a healthier environment than we’ve seen in years.

With nearly 3,000 listings available, there is more time to compare properties and negotiate thoughtfully.

Interest rates are stable. Inventory is elevated. Competition is measured.

However, well-priced homes in desirable neighbourhoods still attract attention quickly. Preparation and clarity remain advantages.

Balanced does not mean slow — it means strategic.

What This Means for Sellers

Demand is present — but it is selective.

The 37% jump in sales from January shows buyers are active as we approach spring. But with more inventory available, pricing and presentation are critical.

Testing the market is risky.
Entering strategically is effective.

Balanced conditions reward sellers who understand positioning.

Mortgage Renewals & Refinancing

Even if you are not planning to move, this market matters — especially if you have a mortgage renewal approaching.

Many homeowners who secured ultra-low fixed rates several years ago are now renewing at higher rates. While the Bank of Canada has held its key rate steady, payments may increase for some households at renewal.

Reviewing your renewal strategy early can provide flexibility and clarity.

If helpful, I’m happy to connect you with a trusted mortgage professional to explore renewal options, refinancing strategies, or simply review your numbers before your term comes up.

Looking Ahead to Spring 2026

February’s activity suggests we are entering spring with:

• Rising inventory
• Stabilizing prices
• Renewed month-over-month sales momentum
• Balanced market conditions

We are not seeing rapid appreciation.
We are not seeing distress.

We are seeing normalization.

For move-up buyers, downsizers, and long-term planners, balanced markets often create some of the best opportunities — because both sides of the transaction operate under similar conditions.

If you’d like a deeper breakdown of what this means specifically for your neighbourhood — Sidney, the Peninsula, Westshore, Victoria Core — I’m always happy to provide a personalized update.

If you’re considering a move — whether upsizing, downsizing, or relocating within Greater Victoria — planning early will create the strongest outcome.

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.

What January’s numbers, inventory levels, and interest rates mean for buyers and sellers.

As we move further into early 2026, the Victoria real estate market continues to settle into a more balanced and predictable rhythm after several years of uncertainty. With January sales now reported and interest rates holding steady, we’re seeing conditions that feel calmer, more intentional, and easier to navigate for both buyers and sellers.

The Economic Backdrop

On January 18, the Bank of Canada announced it would hold its overnight rate steady. This reflects an economy that is gradually cooling without showing signs of major stress. Inflation has continued to ease, employment remains relatively strong, and recent GDP numbers have been inconsistent month to month.

Most major banks expect the overnight rate to remain near 2.25% through much of 2026. While rates are lower than they were a year ago, the bigger shift is stability. That predictability is helping buyers plan more confidently and giving sellers greater clarity around demand.

Greater Victoria Market – January 2026

According to the Victoria Real Estate Board, 339 properties sold across the region in January. This was down from January 2025 and slightly below December, following typical seasonal patterns.

Condominium sales declined year over year, with 109 units sold.
Single family home sales also dipped compared to last January, with 153 homes sold.

Inventory remains the standout story. At the end of January, there were 2,624 active listings on the MLS®, up from both December and the same time last year. This increase in supply is easing upward pressure on pricing and giving buyers more choice than they’ve had in several years.

Board Chair Fergus Kyne noted that the market is currently sitting between balanced and buyer-leaning conditions. While one month doesn’t establish a long-term trend, January offered more selection for buyers and clearer expectations for sellers.

Pricing Trends in Victoria

Benchmark prices continue to adjust modestly. The MLS® Home Price Index benchmark value for a single family home in the Victoria Core was down approximately 2.5% compared to January last year, though prices did rise slightly from December. 

Condominium benchmark values were down about 1.5% year over year and softened from December levels.

Overall, this reflects a market that is adjusting rather than correcting, with values supported by long-term demand and improved affordability compared to recent years.

What This Means for Buyers and Sellers

For buyers, today’s market offers more choice, less competition, and stable borrowing conditions — creating space to make thoughtful decisions instead of rushed ones. Local mortgage professional Paul Macara of Macara Mortgages notes that uncertainty doesn’t automatically mean risk. When confidence is lower, buyers often gain more time to negotiate and focus on fit: the right home, the right payment, and the right mortgage structure.

“When the headlines feel noisy, the goal is simple: make sure your mortgage plan still fits your life.”
— Paul Macara, Mortgage Professional, The Mortgage Group

If you’d like an introduction to the team at The Mortgage Group, I’m always happy to connect you so you can explore your options with clarity and confidence.

For sellers, this is a market that rewards preparation, strong presentation, and realistic pricing. Buyers are moving more intentionally, and understanding how your specific neighbourhood is performing matters more than ever.

Whether you’re buying, selling, or reviewing your mortgage options, this market is less about reacting to headlines and more about making decisions that align with your longer-term plans. 

Looking Ahead to 2026

As the year continues, earlier interest rate cuts are beginning to bring some buyers back into the market, particularly those who paused during periods of uncertainty. At the same time, higher inventory levels and affordability considerations are keeping price growth in check.

Most experts are forecasting steady, measured improvement rather than a rapid rebound — a healthier pace for long-term market stability.

Whether you’re planning to buy or sell in 2026, I’d love to walk you through what this market means for your specific plans. Reach out to me at anytime 250-415-5656.

Jacqueline Ross
REALTOR® | Coldwell Banker Oceanside Real Estate
📞 (250) 415-5656
✉️ jac@yourvanislehome.com
🌐 www.YourVanIsleHome.com
Instagram | Facebook
Get the newsletter!

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

As 2025 wrapped up, the Victoria real estate market closed the year with steady fundamentals, balanced pricing, and inventory levels that continue to shape buyer and seller behaviour heading into 2026.

According to the Victoria Real Estate Board market report released January 2, 2026, a total of 367 properties sold in December, down 12.8% from December 2024 and 18.6% fewer than November 2025. As expected for the holiday season, activity slowed, particularly in the condominium segment.

December 2025 Sales Breakdown

Condominium sales declined 21.5% year over year, with 106 units sold. Single family home sales were more stable, decreasing just 2.6% from December 2024, with 186 homes sold. While December activity softened, it followed a relatively consistent year overall.

2025 in Review

Across the full year, 6,918 properties sold in 2025, representing a modest 0.36% increase compared to 2024. This reinforces what many buyers and sellers experienced firsthand: a market that remained active, but far more balanced than in previous peak years.

Victoria Real Estate Board Chair Fergus Kyne noted that inventory played a key role throughout 2025, with the second-highest number of new listings on record entering the market. Increased choice allowed buyers more time and flexibility, while sellers benefited from clearer pricing expectations and more predictable timelines.

Inventory Levels: What They Tell Us

At the end of December, 2,544 active listings were available across the region. While that represented a 19.3% drop from November (a typical seasonal decline), it was still 11.1% higher than December 2024. This higher year-over-year inventory continues to support a more measured, informed market for both sides.

Pricing Trends Across Property Types

Benchmark prices showed some divergence depending on location and housing type:

• The Victoria Core single family home benchmark declined 4.7% year over year to $1,255,000, and was down 1.7% from November.
• Condominium benchmark values increased slightly year over year to $549,900, though they dipped 0.6% from November.

Regionally, single family home values softened in the Victoria Core, while parts of the Westshore saw modest gains. Condo prices remained relatively flat across most areas.

What This Means If You’re Buying Right Now

For buyers, today’s market offers more choice, less urgency, and better negotiating conditions than we’ve seen in years. Higher inventory levels mean buyers can take time to compare options, assess value, and make decisions that align with long-term goals rather than short-term pressure. Winter also tends to bring more motivated sellers, which can create opportunities for well-prepared buyers.

What This Means If You’re Selling Right Now

For sellers, success in this market depends on pricing accuracy, presentation, and strategy. Buyers are paying close attention to value and condition, and well-presented homes that are priced appropriately continue to perform well. Understanding micro-market trends by neighbourhood and property type is key, especially as we move toward the spring market.

Looking Ahead to 2026

Inventory levels will continue to play a major role in shaping market conditions this year. Whether you’re planning to buy, sell, or downsize, having a clear understanding of local pricing trends and buyer behaviour will help you move forward with confidence.

Whether you’re planning to buy or sell in 2026, I’d love to walk you through what this market means for your specific plans. Reach out to me at anytime 250-415-5656.

Jacqueline Ross
REALTOR® | Coldwell Banker Oceanside Real Estate
(250) 415-5656
jac@yourvanislehome.com
www.YourVanIsleHome.com
Instagram | Facebook  
Get the newsletter!

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

As we move along in December, the Victoria real estate market shows a clear shift in pace. Sales slowed in November, inventory remained healthy, and the overall tone of the market leaned toward patience — offering more breathing room for buyers and a steady, balanced environment for sellers.

Here’s what you need to know.

Home Sales Down Compared to Last Year

A total of 451 properties sold across the Victoria Real Estate Board region in November 2025. This reflects:

• 18.1% fewer sales compared to November 2024 (551 sales)

• 26.9% fewer sales than October 2025

• Yet still higher activity than November 2022 and 2023, when sales dipped below 400

Sales varied by property type:

• Condo sales: 119 units sold (down 36% year-over-year)

• Single-family homes: 241 sold (down 8.4% year-over-year)

The Board notes this year-over-year comparison looks dramatic only because 2024 experienced an unusual late-year sales rally, which is not the norm for Victoria.

Inventory Eases, But Choices Remain Strong

At the end of November, there were 3,152 active listings, representing:

• 7.9% fewer listings than October 2025

• 11.1% more listings than November 2024

Buyers still have plenty of selection, but inventory is tightening slightly as we enter the winter season — a typical trend for Victoria.

Market Tone: Balanced, Patient, and Price-Sensitive

2025 VREB Chair Dirk VanderWal describes the November mood as “one of patience.”

• Buyers are taking their time.

• Sellers who price accurately and present their homes well are still seeing results.

• The market remains balanced, without the urgency of the early 2020s.

Different neighbourhoods and property types perform differently, so understanding where your home sits on the buyer–seller spectrum is key.

Benchmark Home Prices: Stable With Mild Movement

Single-Family Homes (Victoria Core)

• November 2024: $1,313,900

• November 2025: $1,276,700 (-2.8% year-over-year)

• Slight dip from October’s benchmark of $1,280,100

Condominiums (Victoria Core)

• November 2024: $542,100

• November 2025: $553,100 (+2% year-over-year)

• Up from October’s benchmark of $549,000

Condo values continue to hold steady, while single-family pricing shows mild softening — a trend aligned with broader affordability patterns.

What This Means for Buyers

• You have time and choice, especially compared to recent years.

• Well-priced homes still move quickly, particularly in the Core, Sidney, and Saanich East.

• If you're planning to buy in early 2026, now is a great moment to start conversations and get pre-approved before the January uptick.

What This Means for Sellers

• Presentation and pricing matter more than ever in a patient market.

• Buyers are thoughtful and selective — staging, photography, and market positioning are essential.

• A complimentary home evaluation can help you understand where your home sits in today’s balanced conditions.

I Can Help You Navigate This Market

Whether you’re planning to buy or sell in 2026, I’d love to walk you through what this market means for your specific plans.

➡️ Reach out anytime for a personalized market review or home evaluation 250-415-5656.

Jacqueline Ross
REALTOR® | Coldwell Banker Oceanside Real Estate
(250) 415-5656
jac@yourvanislehome.com
www.YourVanIsleHome.com
Instagram | Facebook  
Get the newsletter!

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

A Balanced Victoria Real Estate Market Continues to Provide Consumers with Options

The latest October stats from the Victoria Real Estate Board show a steady and balanced market — good news for both buyers and sellers as we move toward winter.

A total of 617 properties sold across Greater Victoria in October 2025, down slightly (5.7%) from October 2024, but up 11.4% from September 2025. Single-family home sales rose by 2.9% year over year, while condo sales dipped 15%.

“The local real estate market remains reasonably balanced,” said VREB Chair Dirk VanderWal. “Single family homes are seeing the strongest demand, and this month marked the highest number of October sales since 2020.”

At the end of October, there were 3,423 active listings, 8.3% higher than this time last year — giving buyers more choice and time to make confident decisions.

Meanwhile, the Bank of Canada’s latest rate cut late in October is a hopeful sign for affordability. It’s still early to see how it will impact fixed and variable mortgage rates, but many buyers and homeowners are watching closely.

What This Means for Buyers

With a balanced market and more listings available, buyers have breathing room to explore options and negotiate strategically — especially for condos, where there’s a healthy selection right now. Slight dips in single-family home prices (down 1.8% from last year) also open opportunities for those ready to make a move before competition heats up again in spring.

If you’re considering purchasing, now’s the time to get pre-approved while rates may start adjusting downward. I can connect you with a trusted local mortgage broker to discuss your financing strategy before your dream home hits the market.

What This Means for Sellers

For homeowners thinking of selling, this balanced market means motivated, qualified buyers are still out there — particularly for well-priced single-family homes and townhouses. With the right preparation, presentation, and pricing strategy, your property can stand out before the seasonal slowdown.

Curious what your home could sell for today? I’d be happy to provide a personalized home evaluation to help you plan your next move confidently.

For Those Renewing Their Mortgage

If your mortgage renewal is coming up soon, this is a key moment to reassess your options. The recent Bank of Canada rate cut could offer a chance to lock in a more favourable rate or explore refinancing options that better fit your goals.

Not sure where to start? I can introduce you to an experienced mortgage broker partner who can walk you through the numbers and strategies tailored to your situation.

In Summary

The Victoria housing market continues to demonstrate balance and resilience. Whether you’re buying, selling, or renewing, staying informed and working with trusted local professionals ensures you make your next move with confidence.

📞 Ready to talk strategy?
Let’s connect to discuss how today’s market trends align with your goals. Reach out directly at 250-415-5656.

Jacqueline Ross
REALTOR® | Coldwell Banker Oceanside Real Estate
(250) 415-5656
jac@yourvanislehome.com
www.YourVanIsleHome.com
Instagram | Facebook  
Get the newsletter!

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

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
Instagram | Facebook  
Get the newsletter!

As summer winds down, the Victoria real estate market followed a familiar seasonal trend—slowing slightly in August but maintaining overall stability. A total of 525 properties sold across the region, down 3.7% compared to August 2024 and 22.8% fewer than July 2025.

Condominium sales dipped by 16% year-over-year, with 152 units sold, while single-family homes saw a modest increase of 6.3%, with 268 sales.

The number of active listings at the end of August sat at 3,600, down slightly from July but up 12.8% compared to the same time last year. This boost in available inventory gives buyers more choice than they’ve had in years.

Price trends were relatively steady:

• Single-family home benchmark (Victoria Core): $1,308,100, up 1.6% year-over-year but down a bit from July.

• Condominium benchmark (Victoria Core): $551,300, down 1.4% year-over-year and from July’s value.

What This Means for Buyers

For buyers, this is a more balanced and less pressurized market than what we saw several years ago. With more inventory and stable interest rates, you have time to carefully evaluate homes, negotiate, and make decisions without the intense bidding wars of the past. Fall could bring fresh listings as sellers who prepared over summer enter the market, giving you new opportunities to explore.

What This Means for Sellers

If you’re selling, pricing strategically is key. While demand remains steady, buyers have more options and more time to compare. Homes that are well-prepared and marketed properly are still moving, but expectations around timelines should be realistic. With fall historically being a busier season than late summer, now is an excellent time to list if you’ve been waiting.

The Bottom Line

Victoria’s market is steady, balanced, and entering a season that traditionally sees more activity. Whether you’re considering buying or selling this fall, the conditions are favourable for making thoughtful, well-planned moves.

✨ Thinking about making a move this fall? Let’s connect—I’ll walk you through the numbers, help you understand where opportunities lie, and guide you toward your next home or sale.

👉 Start your fall home search or request a market evaluation here.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
Instagram | Facebook  
Get the newsletter!

Victoria Real Estate Market Update – July 2025

The Victoria real estate market continued to show stability and opportunity this July, with moderate activity and steady pricing that offered both buyers and sellers a chance to make smart moves.

According to the Victoria Real Estate Board (VREB), 680 properties sold in July, which is up 4.6% from July 2024 but down from the busier spring pace in June 2025. Condo sales rose by 5.6% year-over-year, while single-family home sales dipped slightly by 0.3%.

So what does this mean if you’re planning a move?

For Buyers: A Stable Summer with Solid Choice

July’s numbers signal a great environment for buyers who are looking for selection and time to decide. With 3,703 active listings on the market, inventory has increased by over 10% compared to this time last year, giving buyers more breathing room and less urgency than in a competitive spring market.

Although some homes are still seeing multiple offers, the overall pace allows you to shop smarter, particularly if you're a first-time buyer or downsizing into a condo. Plus, condo prices remain slightly lower than last year—great news for affordability seekers.

For Sellers: Balanced Conditions, Motivated Buyers

While the spring rush has passed, summer buyers are still active—especially those relocating, upsizing, or timing a move around the school year. With stable pricing and solid demand, this is still a strong time to list, particularly if your home shows well in warm weather.

Benchmark prices in the Victoria Core reflect steady growth:

• Single-family homes are up 3.3% year-over-year to $1,338,800

• Condos saw a slight dip, down 0.8% to $563,300

If you're planning to sell, this market offers you the advantage of active buyers combined with predictable pricing—a recipe for realistic expectations and solid outcomes.

What’s Next for Late Summer and Fall?

The VREB notes that while the spring market has officially wrapped, we often see a pickup in sales as we move into the fall. With inventory levels remaining higher than in past years, and economic conditions settling, both buyers and sellers can enter the next season with confidence.

If you’re considering a move before the end of 2025, now is the time to get a strategy in place—before fall momentum builds and competition heats up again.

🔎 Thinking of buying or selling soon?
Let’s connect for a quick consult to review your goals and explore what makes sense based on today’s numbers.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
Instagram | Facebook  
Get the newsletter!

The summer market is officially here—and Victoria’s real estate scene is showing steady strength with all signs pointing toward balance and long-term confidence.

According to the Victoria Real Estate Board, 761 properties sold in June 2025, a 15.1% increase compared to June 2024, and slightly higher than May of this year. Both single-family homes and condominiums saw solid gains year-over-year, showing that buyers are active—and options are growing.

Key June Highlights:

• Single-family home sales jumped 17.5% from June 2024 with 402 units sold.

• Condo sales surged 23.3% with 249 units sold—a noteworthy rebound after a quieter spring.

• Active listings reached 3,778, a 9.2% increase from last June and the highest inventory levels in a decade.

• The benchmark price for a single-family home in the Victoria Core rose 2.3% to $1,325,400 compared to this time last year.

• The benchmark price for a condo in the Victoria Core dropped slightly to $562,800, down 0.9% year-over-year.

🗣️ "We observed a fairly robust real estate market in the month of June,” said VREB Chair Dirk VanderWal. “We’ve transitioned from a pandemic-driven market to more conventional patterns. Despite broader economic uncertainty, Victoria continues to show resilient fundamentals.”

What This Market Means for You

Thinking of Buying?

More listings = more choice. With the highest inventory we’ve seen in over a decade and condo prices showing some softness, this is a great time to:

• Find the right fit without rushing

• Negotiate with more confidence

• Take advantage of rate holds and expert mortgage strategies

Condo buyers especially may find more flexibility this summer—but the renewed activity in June suggests that window may not stay open for long.

Thinking of Selling?

A balanced market means serious buyers are out there—and homes that are priced and presented well are selling. If you’re considering listing this fall:

• Start prepping now to get ahead of the back-to-school wave

• Tidy up curb appeal and take advantage of summer light

• Book a market evaluation to see where your property stands today

Whether you're moving up, downsizing, or cashing in on your equity, the current market offers stability—and opportunity.

Let's Talk About Your Next Move

No matter your timeline, I’m here to guide you through the market with clarity, strategy, and real talk. Let’s make sure your next move aligns with your goals, your lifestyle, and today’s reality.

📌 Reach out anytime for a no-pressure chat—I’m always happy to help.

Jacqueline Ross, REALTOR® 
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
Instagram | Facebook  
Get the newsletter!