Victoria Real Estate Market Report
Executive Summary
Cole SwetlikoeLocal expert · VictoriaThe Victoria, British Columbia real estate market is currently classified as a buyer's market. The median asking price is $699K, down 21.6% over the past 30 days.
There are currently 616 active listings, representing 5.6 months of inventory. Inventory has increased 43.9% compared to last month.
Currently, listings spend an average of 57 days on market and the average price per square foot is $754.
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 $719K).
Sales Activity & Absorption
Volume
Market Signals
Victoria Real Estate Board reported 719 sales this period, 210 new listings appeared in the past month.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
At 5.6 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Dockside Green | 8 | $829K |
| The Pearl Residence | 7 | $947K |
| Vivid At The Yates | 6 | $528K |
| Opal Victoria | 5 | $785K |
| Tresah East | 5 | $400K |
| Hudson Place One | 5 | $795K |
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
This is currently a buyer's market with more negotiating power for purchasers. The Victoria market currently has 616 active listings with a median price of $699K and 5.6 months of inventory.
- Prices declining (-21.6% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (50%)
- Slow-moving market (57 avg days on market)
- Average price per square foot is $754
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Cole Swetlikoe with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 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.