Victoria Real Estate Board Reports February 2026 Composite Benchmark Price at $872,500 with 465 Sales; Price Down 0.6% YoY

Victoria Real Estate Board — February 2026

The Victoria Real Estate Board recorded 465 property sales in February 2026, with the Composite Benchmark Price reaching $872,500. This represents a 0.6 per cent decrease in price compared to February 2025.

Market Analysis

The Victoria Real Estate Board reported a Composite Benchmark Price of $872,500 for February 2026. Total sales for the month were 465 properties, an increase of 37.2 per cent from the 339 properties sold in January 2026. Active listings stood at 2,903 at the end of February 2026, an increase of 10.6 per cent compared to the 2,624 active listings in January 2026, and a 10.4 per cent increase from the 2,630 active listings at the end of February 2025. The Composite Benchmark Price in February 2026 saw a 0.6 per cent decrease compared to February 2025. According to Victoria Real Estate Board Chair Fergus Kyne, "February’s sales definitely picked up the pace compared with sales from the previous month.” Chair Kyne also noted, “Though our sales numbers are lower than they were in 2025, with an over 35 per cent increase month over month, and a very healthy amount of inventory currently available, it will be interesting to see how our spring market unfolds in the upcoming months.” Kyne added, “Over the course of February, more activity led to increased sales which has helped to balance market conditions. When the market is in balance, it means excellent opportunities exist for buyers and sellers.”

Property Type Analysis

In February 2026, the benchmark price for a detached home was $1,150,100. The benchmark price for an attached/townhouse property was $775,900, and for an apartment, it was $544,300. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2026 was $1,307,400, a decrease of 0.9 per cent from February 2025's value of $1,319,100, and up from January 2026's value of $1,265,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2026 was $545,600, a decrease of 0.7 per cent from February 2025's value of $549,600, and up from the January 2026 value of $537,800.