Victoria Real Estate Market Report
Executive Summary
The Victoria, British Columbia real estate market is currently classified as a balanced market. The median asking price is $699K, down 24.8% over the past 30 days.
There are currently 673 active listings, representing 5.8 months of inventory. Inventory has increased 70.4% compared to last month.
Currently, listings spend an average of 48 days on market and the average price per square foot is $757.
Detached properties make up the largest share of the Victoria market at 26% of active listings with an average price of $1.5M. Condo listings follow at 74% (avg $735K).
Sales Activity & Absorption
Volume
Market Signals
Victoria Real Estate Board reported 643 sales this period, 295 new listings appeared in the past month.
Victoria Real Estate Board Monthly Report
A total of 643 properties sold in the Victoria Real Estate Board region this April, 0.2 per cent more than the 642 properties sold in April 2025 and 11.1 per cent more than in March 2026. Sales of condominiums increased by 5.9 per cent from April 2025 with 198 units sold. Sales of single family homes decreased by 1.2 per cent from April 2025 with 331 sold.
“The overall market in Greater Victoria continues to remain in balance,” said Victoria Real Estate Board Chair Fergus Kyne. “Inventory levels are staying strong, and new listings coming onto market in recent weeks will help serve our traditionally busy spring season. The collective track record from the past several months of balance and stability in our market is likely underpinning the confidence of buyers and sellers this season.”
There were 3,710 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2026, an increase of 13.8 per cent compared to the previous month of March and an 8.3 per cent increase from the 3,425 active listings for sale at the end of April 2025.
“Current not-too-hot and not-too-cold conditions are setting the stage for a very reasonable spring market for consumers,” notes Chair Kyne. “It’s a Goldilocks real estate market leading into our busier months – and there is choice, inventory is diverse, there is a wide range of properties at different price points, and interest by buyers is also brisk. Of course, your experience can vary depending on where and what type of property you seek in our area, which consists of many different micro-markets. If you’re considering a move this spring season, it’s a great time to connect with your favourite local REALTOR® to weigh your options.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2025 was $1,354,800. The benchmark value for the same home in April 2026 decreased by 1.2 per cent to $1,339,100, up from March’s value of $1,330,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in April 2025 was $562,900, while the benchmark value for the same condominium in April 2026 decreased by 0.8 per cent to $558,300, up from the March value of $553,800.
View our press release and summary here. View our complete statistical package here.
For More Information
Victoria Real Estate Board Denise Hogue, Director of Communications
Phone: 250-920-4652
Source: Victoria Real Estate Board, Invalid Date
Market Balance
Months of Inventory
Moderate absorption — healthy turnover.
At 5.8 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 |
|---|---|---|
| Opal Victoria | 7 | $897K |
| The Pearl Residence | 6 | $1.0M |
| Dockside Green | 6 | $788K |
| Vivid At The Yates | 5 | $527K |
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 673 active listings with a median price of $699K and 5.8 months of inventory.
- Prices declining (-24.8% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (48 avg days on market)
- Average price per square foot is $757
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 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.