May 2026
Victoria Real Estate Board Market Report – May 2026
The Spring Market in Victoria is well underway with sales picking up moderately. April started off slow but ended with stronger sales numbers. Our market is very resilient as prices are remaining stable, but there are downward pressures due to global uncertainty, higher interest rates and higher listing inventory. Buyers are in a strong position to negotiate on prices, while Sellers must price sharply to attract offers.
Below are some statistics for April 2026 throughout the Greater Victoria region
Listing Inventory:
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 % compared to the previous month of March and an 8.3 % increase from the 3,425 active listings for sale at the end of April 2025. Inventory is still rising which could eventually put some downward pressure on prices, while listings are currently sitting longer on the market.
Sales:
A total of 643 properties sold in the Victoria Real Estate Board region this April, 0.2 % more than the 642 properties sold in April 2025 and 11.1 % more than in March 2026. Sales of condominiums increased by 5.9 % from April 2025 with 198 units sold. Sales of single family homes decreased by 1.2 % from April 2025 with 331 sold. While sales numbers are up slightly this month compared to the previous month, overall sales are considerably lower than historical seasonal averages for this time of the year.
Average Victoria Real Estate Prices:
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 % 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 % to $558,300, up from the March value of $553,800. While prices are up slightly from last month, overall averages remain below 2025 levels. With interest rates remaining unchanged this year, house prices should remain stable in the coming months.
For the full Victoria Real Estate Boards Statistical Package for 2026 click on the following link below
https://www.vreb.org/current-statistics#gsc.tab=0
The BC Tax Assessment Values for 2026.
You can click on the link below to confirm your current assessed value. If you have any questions about these values, please reach out to me and I can do some research to verify if they are inline with the neighborhoods values.
Featured Listings:
485 Sturdee St $799,800
Situated in a Popular Esquimalt location, this well-maintained two-level 1/2 duplex family home offers bright southern exposure and is located on a fantastic quiet no thru road, just half a block to the ocean. Built in 1996 with 3 beds and 2 full baths, with 1686 Sq.ft. on 2 levels. The main floor offers a spacious living and dining areas, a generous primary bedroom with ensuite, and a beautiful European-style kitchen that opens to a large south-facing deck—perfect for entertaining and soaking up the sun. The lower level features a welcoming entry, two bedrooms, and a full bath—ideal for guests, family, or home office space. Outside, enjoy a fenced, private rear yard and garden, storage shed, and a separate single garage plus a large carport under the deck. Short walk to Esquimalt town centre for all local amenities, close to Saxe Point and 10 minutes to downtown Victoria.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1034905-485-sturdee-st-esquimalt-v9a-6r2.108696657
426 Gamble Pl $849,800
Great Central Colwood location, minutes to shopping, recreation and walking trails. Tucked away on quiet no thru road on a large 14,300 sq/ft lot (.33acre), this inviting 3-bedroom family home backs directly onto a private, natural parklike setting—offering peace, privacy, and a beautiful treed outlook. The mature landscaping creates a safe, welcoming space perfect for kids and outdoor enjoyment. Inside, you’ll find a bright and functional layout featuring laminate flooring, skylights and 2 cozy gas fireplaces for added comfort. Two spacious sundecks provide ideal spots for relaxing or entertaining while taking in the serene surroundings. The full basement adds versatility with a self-contained extended family/in-law space. Updated windows, natural gas forced air furnace, on city sewer. Nicely landscaped, separate garden area, Lots of parking. A fantastic opportunity in a sought-after location close to nature, yet just minutes from all amenities.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1032029-426-gamble-pl-colwood-v9b-2r1.108533278
803-2000 Hannington Rd $749,800
Well Priced Luxury condominium in the beautiful “One Bear Mountain” complex, with wonderful South/West facing views towards the world renowned Bear Mountain Golf Resort Community. The exquisite interior spans over 1000 sq/ft and features 2 spacious bedrooms, 2 baths, hdwd floors, floor to ceiling windows that invite natural light leading out to the 291 sq/ft – 40′ long expansive view balcony looking towards the 18 hole with sun all day long. Gourmet kitchen with Italian Cabinets, Bosch Appliances, gas cook top, wall oven & microwave, Silestone counters. Spacious livingroom with cozy gas F/P. Primary Bdrm with walk-in closet & 4 piece ensuite. Enjoy exclusive amenities including 15th floor heated pool with panoramic views, 16th floor sky lounge & business Centre with concierge, 3rd floor gym & Yoga room. 1 parking spot, bike storage & separate storage locker. The perfect blend of luxury & convenience surrounded by natural beauty, golf course, restaurants, hotel, bike & walking trails.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1031678-803-2000-hannington-rd-langford-v9b-6r6.108480892
1670 Burnside Rd W $1,349,800
OPEN HOUSE SUNDAY, APRIL 19TH, 3:30PM-4:30PM. Beautiful 0.6 acres rural property in the sought after Burnside area of Saanich West. Incredible pastoral setting with lovely Olympic Mountain views! Spacious 3 level Lindal style family home with vaulted ceilings & wood beams. Bright Open concept. Gourmet kitchen with eating island & coffee nook. Office with gas F/p. 3 bdrms up, primary has deck & large walk-in closet. Lowest level has 1 bed & den self contained In-law. Outside is a gardeners paradise with level landscaped yard, greenhouse, vegetable gardens, mature perennial gardens, lots of fruit trees & berries. Large entertaining patio with kitchen & hot tub. Detached garage building with full bath, bdrm & kitchenette. Large circular driveway with lots of parking, room for trailer & boat. Great outdoor activities nearby including hiking & biking trails, lakes and Galloping Goose Trail. Minutes to all local amenities at Eagle Creek, 10 minutes to Costco, 20 minutes to Downtown Victoria.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1033884-1670-w-burnside-rd-saanich-v8x-3×3.108611371
7 199 Atkins Rd $819,800
Creekside Glen is a small enclave of 14 townhouse tucked away in a quiet and private rural location backing onto Millstream Creek, close to Kelvin Grove. Beautiful setting to call home. Spacious 3 level townhouse at just over 2100 sq/ft, 4 bedrooms, 4 bathrooms, main floor with open concept living, kitchen and eating bar, dining area and living room with wood floors and a cozy gas F/P, all leading to a private rear deck over looking the greenspace. Upstairs has 3 spacious bedrooms, main bathroom and a 4 piece ensuite and walk-in closet in Primary bedroom. Lowest level has a large family room, 4th bedroom, full bathroom, den and lots of storage plus a walk-out lower private rear patio area. Single garage for parking. Well run complex. Great central location, surrounded by nature, minutes to Thetis Lake, Galloping goose Trail with quick access to the highway, 10 minutes to Costco, 30 minutes to downtown.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1033107-7-199-atkins-rd-view-royal-v9b-2z9.108582990
820-822 Leslie Dr $1,349,800
Great Saanich East location, next to Swan Lake and Galloping Goose Trail at the end of a no through road. Wonderful investment opportunity with this side by side duplex plus an extended family accommodation in the basement of one side. With just over 3000sq/ft, each side has 2 bedrooms, 1 bath, and lots of updates to floors, kitchens, bathrooms, windows, fixtures and paint so they all show very well. Separate hydro, gas, water, laundry, furnaces, hot water on demand systems (2021 and 2025 install) for each side. 822 side has new gas furnace & heat pump for air conditioning in the summer. Large deck, and a nice fenced and private rear yard with some seasonal views of the lake. Large common storage room plus large stand-alone garden shed on cement platform. There is plenty of rear, side and front parking on the property. Enjoy Swan Lake Park & Galloping Goose trail at your doorstep, and a short stroll to the Uptown Mall! 10 minutes to downtown. Excellent Revenue Property Opportunity.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1033612-820-822-leslie-dr-saanich-v8x-2y4.108600977
4348 Harder Rd $1,099,800
A rare opportunity to own a custom mid-century family home on a popular quiet no through road in Royal Oak. Thoughtfully designed with a versatile layout, offering a warm, inviting atmosphere with vaulted ceilings, and lots of hand built finishings with exposed cedar accents plus skylights and a cozy wood fireplace. Step out from the kitchen onto an expansive deck—perfect for entertaining or quiet relaxation. 2 bedrooms and 2 baths on main. The full walk-out lower level adds exceptional flexibility, complete with a spacious family room, 2nd wood fireplace, 3rd bedroom plus a 4-piece bath—ideal for guests or extended family with great in-law potential. Large hobby room/office space on lower level plus a storage room and attached garage. Wonderfully landscaped yard front and back, and bonus seasonal grape vines which are the talk of the neighbourhood! Short walk to Royal Oak Shopping Centre, Commonwealth Pool, & top-rated schools. A home with outstanding appeal in a premier location.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1033712-4348-harder-rd-saanich-v8z-5l4.108663385
308-835 View St $299,800
Immaculate 1 Bed condo in the highly sought after Metropolitan building. Investors and first-time buyers will see great value in this steel and concrete building only steps away from everything that Downtown Victoria has to offer. The apartment features a well-designed layout that maximizes space & natural light with new flooring & baseboards throughout. The living room is an inviting area for relaxation & entertainment & the kitchen provides ample space for your meal preparations. The bedroom is a peaceful retreat with enough room for a queen size bed and end tables! Ample storage space, convenient in-suite laundry, as well a spacious south-facing balcony offering a quiet, peaceful outdoor retreat – ideal for relaxing or enjoying your morning coffee. Pets allowed and unit is rentable! Close to transit. Easy access to an abundance of amenities, including trendy restaurants, vibrant shops, entertainment venues, cafes and picturesque parks. A real pleasure to show.
View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1025387-308-835-view-st-victoria-v8w-3w8.108025354
View Listing here https://dalesheppard.com/search-listings/featured-listings
We closely monitor the Victoria BC real estate market. If you or any of your family or friends require related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com
