June 2026
The Victoria Real Estate market is approaching the end of the Spring market and the Summer market is just around the corner. Not much has changed over the course of the spring as listing inventory has continued to increase while sales have remained flat. Overall prices have remained stable, but the market remains in favour of Buyers. Not much should change in the coming months with interest rates remaining unchanged by the Bank of Canada.
Below are some statistics for May 2026 throughout the Greater Victoria region
Listing Inventory:
There were 4,029 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2026, an increase of 8.6 % compared to the previous month of April and an 8.4 % increase from the 3,716 active listings for sale at the end of May 2025. While a higher inventory is great for Buyers, it can make it very difficult for Sellers to attract interest on their properties unless they are priced very competitively. Any home that is priced too high will have difficulty selling in this market.
Sales:
A total of 713 properties sold in the Victoria Real Estate Board region this May, 5.9 % fewer than the 758 properties sold in May 2025 and 10.9 % more than sold in April 2026. Sales of condominiums decreased by 14.9 % from May 2025, with 188 units sold. Sales of single family homes decreased by 4 % from May 2025, with 385 sold. Sales numbers are lower than a year ago, and below seasonal averages for May, which is usually one of the busiest months in any given year in our market. This is contributing to the listing inventory increase.
Average Victoria Real Estate Prices:
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2025 was $1,335,500. The benchmark value for the same home in May 2026 increased by 0.3 % to $1,339,000, down from April’s value of $1,339,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2025 was $562,100, while the benchmark value for the same condominium in May 2026 decreased by 1.9 % to $551,400, down from the April value of $558,300. Prices are virtually unchanged from a year ago. However, with interest rates remaining unchanged, and inventory increasing, there could be a softening of prices in the summer months ahead.
For the full Victoria Real Estate Boards Statistical Package for 2026 click on the following link below
🌐 Visit: https://www.vreb.org/current-statistics#gsc.tab=0
If you or any of your family or friends require any real estate related information, feel free to contact Dale at 250-744-0844, or email him through his website: www.dalesheppard.com
📞 Call me at 250-744-0844
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:
203-938 Dunford Ave $519,800
Spacious and bright 2 bedroom, 2 bathroom condo ideally located within walking distance to many of Langford’s top amenities plus this condo comes with 2 parking spots. Vacant for Quick Possession. At almost 1000 sq/ft, this open-concept layout is one of the best in the complex with separate hallway at entrance plus larger dining area in front of kitchen. Very favourable layout and close to elevator. Balcony faces West – quiet side of building. Kitchen features stainless appliances, stone counters, seamlessly connecting to the main dining/living area, great for entertaining. Large windows, high ceilings, LED pot lights & durable vinyl flooring. The generous primary bedroom includes walk-through closet and a private 4-piece ensuite with a relaxing soaker tub. In-suite laundry and separate storage locker. Pet friendly complex allows 2 pets. Located minutes from Westhills Stadium, Langford Lake, Belmont Market, Westshore Town Centre, the YMCA, bowling, ice rinks, soccer fields, trails & more.
View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1038401-203-938-dunford-ave-langford-v9b-0m2.109052927
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
7 199 Atkins Rd $799,800
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
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
