Victoria Real Estate Board Reports March 2026 Composite Benchmark Price at $886,000 with 579 Sales; Price Down 0.6% Year-Over-Year

Victoria Real Estate Board — March 2026

The Victoria Real Estate Board reported a Composite Benchmark Price of $886,000 for March 2026, with total sales reaching 579 properties. The benchmark price saw a 0.6 per cent decrease year-over-year.

Market Analysis

The Victoria Real Estate Board reported a Composite Benchmark Price of $886,000 for March 2026. Total sales for the month were 579 properties, which is 24.5 per cent more than the 465 properties sold in February 2026. The Composite Benchmark Price in February 2026 was $872,500. Active listings at the end of March 2026 stood at 3,261, an increase of 12.3 per cent compared to the 2,903 active listings in February 2026. The price year-over-year change for the Composite Benchmark Price was -0.6 per cent.

According to the Victoria Real Estate Board, a total of 579 properties sold in the region this March, 5.5 per cent fewer than the 613 properties sold in March 2025. Sales of condominiums decreased by 18.8 per cent from March 2025 with 164 units sold, while sales of single family homes decreased by 2.4 per cent from March 2025 with 285 sold. Victoria Real Estate Board Chair Fergus Kyne stated, “Our market is following a fairly typical spring market trend. With sales and listings both increasing from the previous month, we’re tracking a seasonal pattern that generally builds to the peak of the market in May or June.” There were 3,261 active listings for sale at the end of March 2026, a 7.9 per cent increase from the 3,023 active listings for sale at the end of March 2025. Chair Kyne noted, “We continue to observe a market which offers plentiful opportunity for both buyers and sellers. The current conditions of good supply and a reasonable level of consumer demand have created fewer high-pressure transactions and allowed time for both sides of the sale to make decisions and undertake due diligence.” The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2026 was $1,330,200, a decrease of 1.1 per cent from March 2025's value of $1,344,900, and up from February’s value of $1,307,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in March 2026 was $553,800, a decrease of 0.8 per cent from March 2025's value of $558,100, and up from the February value of $545,600.

Property Type Analysis

For March 2026, the benchmark price for a detached property was $1,168,300. The benchmark price for an attached/townhouse property was $788,500. The benchmark price for an apartment property was $550,900.