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

The Greater Victoria real estate market has shown remarkable stability in February, offering a balanced landscape for both buyers and sellers. According to the Victoria Real Estate Board, February saw a total of 528 properties sold, marking a 12.3% increase compared to February 2024 and a significant 25.1% jump from January 2025. This steady activity, coupled with a growing inventory, paints a promising picture for the local market.

Key Highlights from February 2025:

• Increased Sales: Overall property sales surged, with condominium sales experiencing a notable 26.3% rise from February 2024 (192 units sold) and single-family home sales increasing by 4.5% (234 units sold).

• Growing Inventory: Active listings reached 2,630 at the end of February, indicating a 9.8% increase from January and an 11.3% rise from February 2024.

• Balanced Market: The combination of increased sales and growing inventory has created a balanced market, fostering comfortable conditions for both buyers and sellers.

• Stable Price Appreciation: The benchmark value for a single-family home in the Victoria Core increased by 3.7% year-over-year, reaching $1,309,500. Condominium benchmark values experienced a slight decrease of 0.5% year over year, settling at $551,900.

What This Means for Buyers:

• More Options: The increase in active listings provides buyers with a wider selection of properties to choose from, increasing the chances of finding the perfect home.

• Stable Prices: Nearly two years of steady prices combined with recent favourable interest rates provide a degree of confidence for buyers.

• Balanced Market: A balanced market means less pressure and a more relaxed buying experience. Buyers have more time to make informed decisions.

• Favourable Interest Rates: Recent favourable interest rates help with affordability.

What This Means for Sellers:

• Increased Sales Activity: The surge in sales indicates strong buyer demand, increasing the likelihood of a successful sale.

• Growing Market: A healthy increase in sales from the previous year, and the previous month shows market momentum.

• Balanced Market: A balanced market allows sellers to achieve fair market value for their properties.

• Importance of Proper Pricing and Presentation: Well-presented and properly priced properties are crucial for success in the current market.

Looking Ahead:

The Greater Victoria real estate market appears to be following its typical early spring cycle, with expectations of peak activity in late spring. The hope is that increased inventory will continue to meet consumer demand. However, the market remains sensitive to global economic policy changes, underscoring the importance of staying informed.

Navigating the Market with a REALTOR®:

In today's dynamic market, having a knowledgeable and experienced REALTOR® is essential. I can provide invaluable guidance, help you understand market trends, and navigate the complexities of buying or selling a home.

Ready to discuss how these market trends impact your real estate goals? Contact me today for personalized advice and expert guidance.

Jacqueline Ross 
REALTOR®
Coldwell Banker Oceanside
250.415.5656
YourVanIsleHome.com
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