Victoria Real Estate Board Reports Steady Market Activity for August 2026

Victoria Real Estate Board — August 2026

In August 2026, the Victoria Real Estate Board recorded a total of 591 property sales, reflecting a 1.7% increase from the previous year. The composite benchmark price stands at $887,300, with active listings totaling 3,662, a decrease of 4.8% from July 2026.

Market Analysis

The real estate market in Greater Victoria continues to exhibit steady momentum, with sales activity in August 2026 being stronger than in the past five years. Despite a 12.2% decrease in sales compared to July 2026, the year-over-year increase suggests a resilient demand among buyers. The current months of inventory sit at 6.2, indicating a balanced market where buyers have a variety of options while sellers must remain competitive in their pricing strategies.

Property Type Analysis

While specific benchmark prices and sales figures for detached, attached, and apartment properties are not available, the overall market trends indicate that well-priced and well-presented homes are attracting significant buyer interest. The increase in condominium sales by 15.1% from August 2025, alongside a 15.3% rise in single-family home sales, highlights a diverse demand across different property types.

Regional Highlights

The number of active listings at the end of August 2026 reflects a healthy inventory level, showing a slight increase of 1.7% compared to August 2025. This stability in inventory allows buyers to take their time evaluating options, while sellers are encouraged to understand their property's position in the current market landscape.

For Buyers

Prospective buyers are advised to work closely with a REALTOR® to navigate the current market conditions effectively. With a variety of properties available, buyers should focus on homes that are well-priced and presented to maximize their chances of securing a desirable property.

For Sellers

Sellers should take advantage of the current market dynamics by ensuring their homes are competitively priced and well-prepared for showings. Collaborating with a REALTOR® can provide valuable insights into market trends and help position their property effectively to attract serious buyers.