Victoria Real Estate Market Report
Executive Summary
Cole SwetlikoeLocal expert · VictoriaThe Victoria, British Columbia real estate market is currently classified as a balanced market. The Victoria MLS® HPI benchmark price is $890K, down 0.1% year-over-year (regional benchmark; Victoria does not have a separate board benchmark).
There are currently 611 active listings, representing 5.7 months of inventory. Inventory has increased 44.1% compared to last month.
Currently, listings spend an average of 50 days on market and the average price per square foot is $775.
Detached properties make up the largest share of the Victoria market at 30% of active listings with an average price of $1.4M. Condo listings follow at 70% (avg $728K).
Sales Activity & Absorption
Volume
Market Signals
Victoria Real Estate Board reported 673 sales this period, 186 new listings appeared in the past month.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
At 5.7 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Victoria market currently has 611 active listings with a median price of $680K and 5.7 months of inventory.
- Low price reduction rate (0% of listings)
- Slow-moving market (50 avg days on market)
- Average price per square foot is $775
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Victoria · CREA MLS® HPI. Prepared by Cole Swetlikoe with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.