July 2026

The Summer market is in full swing in Victoria and not much has changed over the last few months. Listing inventory has continued to increase while sales have remained flat. Overall prices have dropped slightly but are remaining stable. The market remains in favour of Buyers. Similar to the Spring Market, not much should change in the coming months with speculation that the Bank of Canada will not change the overnight interest rate in the coming months.

Below are some statistics for June 2026 throughout the Greater Victoria region.

Listing Inventory:

There were 4,054 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2026, an increase of 0.6 % compared to the previous month of May and a 7.3 % increase from the 3,778 active listings for sale at the end of June 2025. Buyers continue to have the upper hand in this market, with a lot of homes to choose from. Sellers must price correctly to attract any interest from Buyers.

Sales:

A total of 719 properties were sold in the Victoria Real Estate Board region this June, 5.5 % fewer than the 761 properties sold in June 2025 and 0.8 % more than sold in May 2026. Sales of condominiums decreased by 26.9 % from June 2025, with 182 units sold. Sales of single-family homes decreased by 3.5 % from June 2025, with 388 sold. Overall, sales are lower than 2025 numbers, but have remained stable this spring and summer.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in June 2025 was $1,334,500. The benchmark value for the same home in June 2026 decreased by 0.6 % to $1,326,500, down from May’s value of $1,339,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2025 was $559,900, while the benchmark value for the same condominium in June 2026 decreased by 1.9 % to $549,200, down from the May value of $551,400. Not only are prices down from 2025, but they have also dropped slightly from May’s numbers this year. The excess supply of listings combined with high interest rates appear to be catching up with our market. Not much should change in the coming months but prices could soften further.

About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,609 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market

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.

https://www.bcassessment.ca/

Featured Listings:

312-1535 Pandora Ave, $459,800

Stadacona Centre is a sought after condo/commercial complex located in the heart of Fernwood, only minutes to downtown Victoria. Spacious 2 bed, 2 bath condo, almost 1000sq/ft, with a large east facing balcony, ideal to take advantage of the morning sun. Large primary bedroom with 2 piece ensuite. Cozy living room, separate dining area and nice functional kitchen. Long list of amenities include Indoor Pool, Sauna, Hot Tub, Recroom, Hobby Room, Gym, Reading Room, Bike area, Courtyard and a Common Garden. unit comes with 1 Secure underground Parking and a separate storage locker. Large shared laundry room. Local commercial stores on lower level. On bus route, and short walk to amenities, close to Oak Bay Village, and across from Stadacona Park with tennis courts. Easy access to UVic, Camosun, Royal Jubilee Hospital, and Downtown.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1043228-312-1545-pandora-ave-victoria-v8r-6r1.109320611

2909 Cressida Crescent, $1,027,800

Welcome to this meticulously maintained one-owner family home in the desirable Goldstream neighbourhood in Langford. Built in 1982, this 2 level home is close to 2500 sq/ft and has an entry level above ground basement. 3 bedrooms up, 2 down. Lots of updates including laminate flooring, semi-ensuite bathroom, and a stylish kitchen w/stainless appliances and access to a large south facing deck, perfect for outdoor entertaining. The spacious living-dining area features a cozy gas fireplace, skylight and mountain views. Self-contained lower level includes separate entrance, private laundry, modern kitchen with eating bar, and beautifully updated bath with heated floors—ideal for extended family. Set on a Sunny South facing level rear yard, fenced & nicely landscaped. Single garage plus offering ample parking for an RV or boat. Backs onto a popular public family play park and short walk to local schools, and 10 minute drive to Langford amenities at Belmont Centre. Measurements approximate.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1042277-2909-cressida-cres-langford-v8x-3×2.109309472

9394 Brookwood Drive, $599,800

Welcome to the popular Summergate Village, a highly sought after 55+ bare land strata community offering easy, low maintenance living located within a beautiful tree lined community by Reay Creek Park with walking the trails that meander along the creek. Located on a quiet cul-de-sac, this home offers a bright interior with an excellent open layout, featuring a spacious kitchen, 2 large bedrooms, 2 full bathrooms, family room and a sunroom. Perfectly positioned to capture natural light, the home boasts large windows, skylight, new laminate floor and mini-split heat pump for air conditioning in the summer. Nicely landscaped, in-ground sprinkler system, ample parking. Reasonable strata fee contributes to many shared amenities including recreation center with indoor pool, hot tub, billiards, shuffleboard, library & workshop. Close to the airport, ferries and transit. Secure, welcoming, and ideal for retirement living, this is one of the finest opportunities available in Summergate today.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1042277-2909-cressida-cres-langford-v8x-3×2.109309472

6869 Laura’s Lane, Sooke, $639,800

Enjoy easy, low-maintenance living in this well-cared for 3 bed, 3 bath half-duplex offering nearly 1,700 sq. ft. of functional living space. The 2 level layout features a bright, open-concept main floor with a modern kitchen with peninsula and pantry, spacious dining area, cozy living room with electric fireplace, plus a 2-pc bath & laundry. Step onto the covered deck overlooking the fully fenced low-maintenance yard with large patio and gazebo area plus a detached storage shed, planter boxes, cherry tree & under-deck storage. Downstairs features the generous primary suite with a walk-in closet and 3-pc ensuite, plus two additional bedrooms and a full 4-piece bath. 3 Mini split heat pumps offer air conditioning in the summer. An attached single garage provides extra storage. Leased security system with monthly monitoring. 2014 Hot water Tank. Conveniently located close to parks, shopping, schools, and transit, this move-in-ready home offers comfort, convenience, and exceptional value.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1041555-6869-laura-s-lane-sooke-v9z-0p8.109225567

203-938 Dunford Ave $509,800

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-July 2026 appeared first on Dale Sheppard.

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.

https://www.bcassessment.ca/

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-June 2026 appeared first on Dale Sheppard.

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.

https://www.bcassessment.ca/

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-May 2026 appeared first on Dale Sheppard.

April 2026

Victoria Real Estate Board Market Report – April 2026
Victoria is now almost a month into the Spring market which tends to be the most active few months for listing and selling real estate in any given year. Sales are currently slower than previous spring markets, and homes must be well priced to attract interest as the over all listing inventory is on the higher side. This bodes well for Buyers, as there is a lot of choice in most sectors of the market.

Below are some statistics for March 2026 throughout the Greater Victoria region

Listing Inventory:

There were 3,261 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2026, an increase of 12.3 % compared to the previous month of February and a 7.9 % increase from the 3,023 active listings for sale at the end of March 2025. This higher inventory level is creating a buyers market, so if you are a Seller, make sure that your property is competitively priced to attract Buyers.

Sales:

A total of 579 properties sold in the Victoria Real Estate Board region this March, 5.5 % fewer than the 613 properties sold in March 2025 and 24.5 % more than in February 2026. Sales of condominiums decreased by 18.8 % from March 2025 with 164 units sold. Sales of single family homes decreased by 2.4 % from March 2025 with 285 sold. While sales were up from February, over all, the numbers are considerably slower than last year, which is contributing to the increase in listing inventory.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2025 was $1,344,900. The benchmark value for the same home in March 2026 decreased by 1.1 % to $1,330,200, up from February’s value of $1,307,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in March 2025 was $558,100, while the benchmark value for the same condominium in March 2026 decreased by 0.8 % to $553,800, up from the February value of $545,600. While prices were up slightly from February, overall prices are still lower than 2025, but over all, these numbers are quite stable. There does not seem to be any factors creating a significant market change, so the coming months will probably continue in this same direction of slower sales, higher listing inventory, and not much change to over all prices.

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.

https://www.bcassessment.ca/

Featured Listings:

485 Sturdee St  $869,800

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.1026151-485-sturdee-st-esquimalt-v9a-6r2.108066181

1975 Jeffree Rd  $949,800

Situated in a sought-after family neighbourhood in Saanichton, this spacious 2,495 sq. ft. two-level home sits on a generous 8,400 sq. ft. lot, great for a growing family. Built in 1975 and thoughtfully designed, the main level features 3 generous bedrooms, primary bedroom with a walk-in closet & two-piece ensuite. The bright and welcoming living room with a cozy fireplace, separate dining area flows seamlessly into a well-appointed kitchen leading to a large entertainment-sized deck — perfect for summer BBQs & gatherings. Downstairs, you’ll find a family room with plenty of space for movie nights, hobbies, or play area. Fully self-contained one-bedroom in-law or extended family space, ideal for multigenerational living. Laundry facilities on both levels. Heat Pump. Fenced backyard offers plenty of room for kids and pets to play. Single garage, extra driveway parking, and dedicated space for your RV or boat. Located only 15 minutes to Victoria, BC Ferries and the Airport.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1025781-1975-jeffree-rd-central-saanich-v8m-1k1.108034989

3370 Alfred Pl  $949,800

 Sought after Wishart South area of Colwood, located on a quiet cul-de-sac in, just minutes to the Ocean and all local amenities in Royal Bay. Built in 2004, this well-maintained 2-level home offers 1,800 sq/ft with 4 bedrooms plus a den and 3 baths. The main floor features an open-concept kitchen, dining, and living area with a cozy gas fireplace, opening to patio with gas BBQ hookup, and a level, fenced backyard perfect for kids and pets. A spacious office/den completes the main. Upstairs offers 4 bedrooms, including a primary bedroom with walk-in closet and 4-piece ensuite with soaker tub. Double garage, Built-in Vacuum, detached workshop with power, landscaped yard with garden beds, new gas hot water tank, crawl space. Short walk to all level of schools, close to parks Colwood Lagoon. Note: Shared cost with neighbour to maintain common property insurance & common property septic system hydro and maintenance.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1025401-3370-alfred-pl-colwood-v9c-3j4.108044370

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  $1,439,800

 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.1030379-1670-w-burnside-rd-saanich-v8x-3×3.108415002

2336 Nicklaus Dr  $1,649,800

This immaculate two-story residence on Bear Mountain offers exceptional quality throughout and wonderful Views towards Mt. Baker with an open-concept floorplan perfect for modern living. Bright and roomy from the moment you enter the grand entrance and into the elegant living room to the spacious gourmet chef’s kitchen featuring custom cabinetry, high-end Jenn Air appliances, large eating island and a hidden pantry. Large office on main. Upstairs offers 5 bedrooms, including a luxurious primary retreat with private balcony, oversized walk-in closet, spa-like ensuite with jetted tub, dual sinks, and luxury glassed shower. Two cozy fireplaces, radiant in-floor heating, and heat pump elevate comfort and efficiency. Large double garage plus extra driveway parking along side. Legal 1 bdrm suite above garage. The private level backyard is an entertainer’s dream with barbeque area, gazebo with gas fire pit and wonderful views. 10 Minutes to Costco & Millstream Market, 30 minutes to Victoria.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1030172-2336-nicklaus-dr-langford-v9b-0l2.108346573

820-822 Leslie Dr $1,399,800

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.1030162-820-822-leslie-dr-saanich-v8x-2y4.108346544

1002-777 Herald St $534,800

Enjoy Downtown living at the Luxurious Hudson Place One, a 25 story steel and concrete building with 7 day Concierge service. This 1 bedroom suite is in immaculate condition and is very bright facing West to enjoy the city and mountain views and fabulous afternoon and evening sun from the balcony. Well designed layout with quality built-in appliances, modern finishes and bright open layout from kitchen, eating area to living room. Spacious bedroom with walk-in closet, in suite laundry, separate storage and 1 secure parking spot. Exception list of building amenities includes: fully equipped gym, yoga studio, sauna with showers, hobby/craft room, games room, business centre, guest suite, dog wash area, dedicated dog park, and a stylish lounge/event room complete with kitchen and BBQ deck. Grocery Store across the street, and all downtown amenities within minutes. 2 blocks from Save-On Memorial Centre. A superb lifestyle opportunity offering comfort, convenience, and community all in one.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1029664-1002-777-herald-st-victoria-v8t-0c7.108317543

308-835 View St $339,800

 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/#!listing.1030379-1670-w-burnside-rd-saanich-v8x-3×3.108415002

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-April 2026 appeared first on Dale Sheppard.

March 2026

Victoria Real Estate Board Market Report – March 2026
The Victoria real estate market has held steady through the early months of 2026. With plenty of outside factors keeping both buyers and sellers sidelined, sales numbers have slowed this year, but home prices have remained resilient and continue to hold their ground. That said, the market is beginning to tilt in favour of buyers. With more listings available, Buyers have greater choice than we’ve seen in recent months. For Sellers, this means pricing your home correctly is more important than ever to stand out and attract serious interest.

Below are some statistics for February 2026 and Year end throughout the Greater Victoria region

Listing Inventory:

There were 2,903 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2026, an increase of 10.6 % compared to the previous month of January and a 10.4 % increase from the 2,630 active listings for sale at the end of February 2025. This increased inventory bodes well for Buyers, resulting in lots of choice and allowing extra time to make Buying decisions.

Sales:

A total of 465 properties sold in the Victoria Real Estate Board region this February, 11.9 % fewer than the 528 properties sold in February 2025 and 37.2 % more than in January 2026. Sales of condominiums decreased by 19.8 % from February 2025 with 154 units sold. Sales of single-family homes decreased by 12 % from February 2025 with 206 sold. Sales numbers always pick up as we near the spring market but the current drop in sales from 2025 numbers a bit concerning. While higher listing inventory is good for Buyers, if sales do not keep pace with the increased inventory levels, this excess supply eventually leads to price drops in the market. The next few months will be interesting to see how these imbalances play out.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2025 was $1,319,100. The benchmark value for the same home in February 2026 decreased by 0.9 % to $1,307,400, up from January’s value of $1,265,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2025 was $549,600, while the benchmark value for the same condominium in February 2026 decreased by 0.7 % to $545,600, up from the January value of $537,800. Both single family home and condo prices have jumped up slightly in February, but remain relatively unchanged from 1 year ago. Prices are remaining stable in our region which is a good thing for our market. However, continued increasing inventory levels, combined with a lot of outside distractions keeping Buyers sidelined, may create a prolonged slower market in Victoria, so it is hard to predict where prices will end up 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.

https://www.bcassessment.ca/

Featured Listings:

485 Sturdee St  $949,800

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.1026151-485-sturdee-st-esquimalt-v9a-6r2.108066181

1975 Jeffree Rd  $999,800

Situated in a sought-after family neighbourhood in Saanichton, this spacious 2,495 sq. ft. two-level home sits on a generous 8,400 sq. ft. lot, great for a growing family. Built in 1975 and thoughtfully designed, the main level features 3 generous bedrooms, primary bedroom with a walk-in closet & two-piece ensuite. The bright and welcoming living room with a cozy fireplace, separate dining area flows seamlessly into a well-appointed kitchen leading to a large entertainment-sized deck — perfect for summer BBQs & gatherings. Downstairs, you’ll find a family room with plenty of space for movie nights, hobbies, or play area. Fully self-contained one-bedroom in-law or extended family space, ideal for multigenerational living. Laundry facilities on both levels. Heat Pump. Fenced backyard offers plenty of room for kids and pets to play. Single garage, extra driveway parking, and dedicated space for your RV or boat. Located only 15 minutes to Victoria, BC Ferries and the Airport.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1025781-1975-jeffree-rd-central-saanich-v8m-1k1.108034989

3370 Alfred Pl  $998,800

 Sought after Wishart South area of Colwood, located on a quiet cul-de-sac in, just minutes to the Ocean and all local amenities in Royal Bay. Built in 2004, this well-maintained 2-level home offers 1,800 sq/ft with 4 bedrooms plus a den and 3 baths. The main floor features an open-concept kitchen, dining, and living area with a cozy gas fireplace, opening to patio with gas BBQ hookup, and a level, fenced backyard perfect for kids and pets. A spacious office/den completes the main. Upstairs offers 4 bedrooms, including a primary bedroom with walk-in closet and 4-piece ensuite with soaker tub. Double garage, Built-in Vacuum, detached workshop with power, landscaped yard with garden beds, new gas hot water tank, crawl space. Short walk to all level of schools, close to parks Colwood Lagoon. Note: Shared cost with neighbour to maintain common property insurance & common property septic system hydro and maintenance.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1025401-3370-alfred-pl-colwood-v9c-3j4.108044370

 Lot A 265 Trans Canada Hwy  $3,999,800

Moon Water Lodge is a beautiful west coast designed boutique Hotel situated on a special 9.58acre parcel with spectacular panoramic ocean and mountain views of Finlayson Arm and Mt. Finlayson. The business is running very well and is quite self sufficient. 8400 sq/ft on 4 levels with 14 rooms with potential to expand as lowest level is unfinished. Sale includes the business, building and land. The large acreage has great potential as well. Hotel was built in 2002. The rooms are all positioned to take advantage of the views, with kitchenettes, propane fireplaces, soaker tubs. Real Estate and Business are included in sale. All Business equipment, supplies and web site are included. Serviced by septic treatment plant and drilled well. Located next door to the Malahat Chalet restaurant. Call for appointment.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

933 Turnstone Ridge  $598,800

Popular Turnstone Ridge Development in the Happy Valley area of South Langford. 3 Story Modern Townhouse offering 2 spacious Bedrooms & 2 Bathrooms. You will Love the Open Living Concept main floor with Designer Kitchen & Quartz Counters, Stainless Appliances, Gas Fireplace, Gas On Demand Hot Water, Gas Cooktop on Oven, Gas Line to Patio for BBQ. Updated Ductless Heat Pump for Cool Summers and Warm Winters. This unit will impress with its Quality Finishes, includes Laminate Flooring, Ceramic Tiles, Luxury Carpets, Closet Organizers, some updated hardware and fixtures. Large Tandem Double Car Garage with roughed in EV Charger, and extra storage! This unit has a Private Rear Patio off the Kitchen. Unfinished space is storage at back of the garage which other units have finished as a bedroom. Located a short walking distance to Happy Valley Elementary and the Galloping Goose Trail. 10 minutes to Belmont Market and Royal Bay. 2-5-10 New Home Warranty.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1024631-933-turnstone-ridge-langford-v9c-0j4.107740859

308 835 View St  $339,800

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 as a large south facing balcony providing a cozy outdoor space, perfect for enjoying a cup of coffee or soaking up the city views. 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

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-March 2026 appeared first on Dale Sheppard.

November 2025

The Victoria Real Estate market continues to remain in a balanced state with great options for Buyers in most sectors of the market. The small interest rate drop by the Bank of Canada was welcomed by the industry and should allow a few more first time Buyers to enter the market.

Below are some statistics for October 2025 throughout the Greater Victoria region

Listing Inventory:

There were 3,423 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2025, a decrease of 7.3 % compared to the previous month of September and an 8.3 % increase from the 3,161 active listings for sale at the end of October 2024. Inventory usually starts to drop as we near the end of the year, but there is still a healthy supply of homes and condos on the market

Sales:

A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 % fewer than the 654 properties sold in October 2024 and 11.4 % more than in September 2025. Sales of condominiums decreased by 15 % from October 2024 with 159 units sold. Sales of single family homes increased by 2.9% from October 2024 with 350 sold. The October sales numbers were down from 2024, but up from last month, which shows there is still strength in the market.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2024 was $1,300,200. The benchmark value for the same home in October 2025 decreased by 1.8 % to $1,276,500, down from September’s value of $1,294,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2024 was $547,800, while the benchmark value for the same condominium in October 2025 increased by 0.6 % to $551,000, up from the September value of $547,500. Prices in all sectors of the market in Victoria have remained stable over the last few months, with small fluctuations up and down, leaving a strong balanced market for the coming months.

For the full Victoria Real Estate Boards Statistical Package for 2025 click on the following link below

https://www.vreb.org/current-statistics#gsc.tab=0

The BC Tax Assessment Values are now out for 2025.
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.

https://www.bcassessment.ca/

Featured Listing:

627 Rason Rd  $1,149,800

Great Thetis Heights family area in Langford. Spacious 5 Bedroom, 4 Bathroom family home with 2 bedroom legal suite. Featuring hardwood floors, stainless steel appliances, and a stunning double-sided fireplace, this home blends comfort and style. Both living areas are bright and welcoming, with plenty of room for family gatherings. Upstairs offers generous bedrooms, walk in closet and ensuite with jetted tub, Ample cabinet space and lots of natural light, while the lower-level suite—with its own private entrance—provides excellent flexibility for extended family or rental income. Enjoy outdoor living with a sunny deck, shaded sitting areas, and a fully fenced yard. Heat pumps for air conditioning in the summer. The crawl space is full height with room for more development and great storage, an office area is set up in this space. A double garage plus ample parking make this property ideal for families on the go. Conveniently located near schools, parks, and amenities.

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1014390-627-rason-rd-langford-v9b-6c3.106983061

113 1201 Nova Crt $784,800

 Step into contemporary elegance with this beautifully appointed 3-bedroom, 2-bath modern townhome — a perfect blend of design, comfort, and functionality. The open-concept layout is filled with natural light, featuring a sleek fireplace as the centerpiece of the living area. 14′ vaulted ceilings, quartz counters in kitchen, wide plank ,aminate flooring, natural gas stove and tankless hot water heater. Primary bedroom has ensuite and large walk-in closet. Enjoy seamless indoor-outdoor living with a private balcony and a spacious 267 sq/ft roof top deck with electrical, water and gas hookup, perfect for morning coffee or evening entertaining with sweeping forest and mountain views. The large carport offers convenient covered parking for 2 vehicles, and additional storage. Bonus 4’10” full crawlspace for storage. Thoughtfully designed with quality finishes throughout, this home delivers effortless modern living in a desirable location close to shopping, parks, and vibrant local amenities.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1018597-113-1201-nova-crt-langford-v9b-0t7.107266465

3638 Ridge View Terr  $1,399,800

Elevation Pointe is a quality luxurious subdivision in Colwood with nice Mountain & Ocean views, located close to Royal Bay, Olympic View Golf & Colwood Lagoon. This modern contemporary open-concept executive home features expansive floor-to-ceiling windows, white oak engineered wood floors, chef’s kitchen, granite surfaces, Bespoke cabinetry, large island, premium appliances, dual ovens, a warming drawer & gas cooktop. Open dining and living areas anchored by a striking stone-clad gas fireplace, automated blinds, large office with built-ins. Upstairs has 3 bdrms, main bath & laundry, primary bedroom has it’s own terrace, a spa-inspired ensuite & large walk-in closet. The lower level hosts a legal self-contained one-bedroom suite with own hydro meter, laundry & private patio, great rental income or extended family. Constructed with silent floors & rebar-reinforced. Double garage, heat pump, backs onto a private green space. Well Priced for this Market!

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1015709-3638-ridge-view-terr-colwood-v9c-0m3.107125141

1124 Colville Rd  $849,800

 Great Esquimalt location, backing onto the Gorge Vale Golf Course. Zoning is RS-6, but Esquimalt indicated Small Scale Multi Family (RSM-2) Medium Density is permitted in this area. Charming 3 Bedroom rancher with loads of potential! This cozy home offers comfortable one-level living with a bright, functional layout. The inviting living room features a woodstove for warmth and character, while the kitchen with pantry provides plenty of space for your ideas. 3 bedrooms plus a potential 4th bedroom make this a great fit for families, downsizers, or investors. Step outside to enjoy the private, part fenced yard – perfect for kids, pets, or gardening with a huge entertaining deck with hot tub. Single garage plus parking in driveway for 2 cars. Conveniently located close to schools, parks, shopping, and transit. Only 10 minutes to downtown Victoria.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1014997-1124-colville-rd-esquimalt-v9a-4p7.106959610

 Lot A 265 Trans Canada Hwy  $3,999,800

Moon Water Lodge is a beautiful west coast designed boutique Hotel situated on a special 9.58acre parcel with spectacular panoramic ocean and mountain views of Finlayson Arm and Mt. Finlayson. The business is running very well and is quite self sufficient. 8400 sq/ft on 4 levels with 14 rooms with potential to expand as lowest level is unfinished. Sale includes the business, building and land. The large acreage has great potential as well. Hotel was built in 2002. The rooms are all positioned to take advantage of the views, with kitchenettes, propane fireplaces, soaker tubs. Real Estate and Business are included in sale. All Business equipment, supplies and web site are included. Serviced by septic treatment plant and drilled well. Located next door to the Malahat Chalet restaurant. Call for appointment.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-November 2025 appeared first on Dale Sheppard.

September 2025

As we enter the fall season, the Victoria real estate market continues to remain in balance. September’s numbers reveal a steady flow of activity, with both sales and inventory adjusting to seasonal and economic trends. Prices must be sharp to attract Buyers, as there are more homes currently for sale than in previous fall markets.

Below are some of the statistics for September 2025

Listing Inventory:

There were 3,694 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2025, an increase of 2.6 % compared to the previous month of August and a 9% increase from the 3,361 active listings for sale at the end of September 2024. The increase in listings is making it harder to sell homes, so Sellers must price their homes well to attract Buyers.

Sales:

A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 % fewer than the 571 properties sold in September 2024 and 5.5 % more than in August 2025. Sales of condominiums decreased by 18.5 % from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 % from September 2024 with 289 sold. Condo sales numbers continue to trail single family sales.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2024 was $1,279,700. The benchmark value for the same home in September 2025 increased by 1.2 % to $1,294,800, down from August’s value of $1,308,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2024 was $553,400, while the benchmark value for the same condominium in September 2025 decreased by 1.1 % to $547,500, down from the August value of $551,300. Prices softened slightly in September, and mostly as a result of the increased listing inventory at this time.

For the full Victoria Real Estate Boards Statistical Package for 2025 click on the following link below

https://www.vreb.org/current-statistics#gsc.tab=0

The BC Tax Assessment Values are now out for 2025.
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 neighbourhood values.

https://www.bcassessment.ca/

Featured Listing:

1375 Neild Rd  $499,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011124-1375-neild-rd-metchosin-v9c-4h4.106643248

627 Rason Rd  $1,229,800

View Listing here: https://dalesheppard.com/search-listings/featured-listings/#!listing.1014390-627-rason-rd-langford-v9b-6c3.106983061

106 2049 Country Club Way $624,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1003729-106-2049-country-club-way-langford-v9b-0h8.106165778

 6885 Laura’s Lane  $749,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1011348-6885-laura-s-lane-sooke-v9z-0p8.106706462

1124 Colville Rd  $899,800

 Great Esquimalt location, backing onto the Gorge Vale Golf Course. Zoning is RS-6, but Esquimalt indicated Small Scale Multi Family (RSM-2) Medium Density is permitted in this area. Charming 3 Bedroom rancher with loads of potential! This cozy home offers comfortable one-level living with a bright, functional layout. The inviting living room features a woodstove for warmth and character, while the kitchen with pantry provides plenty of space for your ideas. 3 bedrooms plus a potential 4th bedroom make this a great fit for families, downsizers, or investors. Step outside to enjoy the private, part fenced yard – perfect for kids, pets, or gardening with a huge entertaining deck with hot tub. Single garage plus parking in driveway for 2 cars. Conveniently located close to schools, parks, shopping, and transit. Only 10 minutes to downtown Victoria.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1014997-1124-colville-rd-esquimalt-v9a-4p7.106959610

2744 Forbes Rd $949,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1015742-2744-forbes-st-victoria-v8r-4c3.107100194

 Lot A 265 Trans Canada Hwy  $3,999,800

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1015717-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.107100197

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

The information contained in this blog is for general information purposes only. The information is provided by Dale Sheppard and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this blog.

The post Victoria Real Estate Market Update-October 2025 appeared first on Dale Sheppard.

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The average depth of Thetis Lake is, 2.8 metres (9.2 ft). Max. depth, 9 metres (30 ft).

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