February 2026

Victoria Real Estate Board Market Report – February 2026
While some large markets across Canada have experienced significant price drops over the last year, the Victoria Real Estate Market has remained quite resilient. Overall sales have slowed in recent months, and listing inventory remains on the higher side, but prices have only dropped slightly. Interest rates remain stable so not much should change in the market in the coming months.

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

Listing Inventory:

There were 2,624 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2026, an increase of 3.1 % compared to the previous month of December and a 9.6 % increase from the 2,395 active listings for sale at the end of January 2025. This higher inventory is great for Buyers, increasing their choice and allowing more time to make Buying decisions.

Sales:

A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 % fewer than the 422 properties sold in January 2025 and 7.6 % fewer than in December 2025. Sales of condominiums decreased by 25.3 % from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 % from January 2025 with 153 sold. Overall sales were quite low in January. With the current higher inventory levels, only about 1 in 7 homes are selling per month. Therefore, Sellers must price there homes correctly to attract showings and offers.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index* benchmark value for a single family home in the Victoria Core in January 2025 was $1,297,300. The benchmark value for the same home in January 2026 decreased by 2.5 % to $1,265,500, up from December’s value of $1,255,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2025 was $545,900, while the benchmark value for the same condominium in January 2026 decreased by 1.5 % to $537,800, down from the December value of $549,900. Year over year, prices are down in most sectors of the Greater Victoria market. This is to be expected as inventory levels increase while sales drop. Victoria is a desirable city that continues to attract new residents, allowing the market to remain buoyant even in slower economic times.

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:

6885 Laura’s Lane  $739,800

This great valued Rancher is located on a quiet cul-de-sac in a popular Family Neighbourhood in Sooke, only minutes to all local amenities in the Sooke town core. Quality built in 2015, this one level home is elegantly designed with 3 bedrooms, 2 baths and just over 1600 sq.ft. The open-concept layout offers 10’ ceilings, bleached wood-style laminate flooring, bright living room with picture windows and a modern gas fireplace. Stylish kitchen with quartz counters, tile backsplash, stainless appliances & gas cooktop. Dining with slider to sunny back patio. Spacious bedrooms, including a primary with huge walk-in closet & spa-like 5pc ensuite. Hot water on demand, quality finishes throughout. Fully fenced, irrigated & beautifully landscaped with pear trees, grapevines & Japanese maple. Large over sized garage. A perfect blend of comfort & style! Well priced! Listed below BC Assessed value.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1024973-6885-laura-s-lane-sooke-v9z-0p8.107974345

PH2 103 Gorge Rd E  $424,800

 Top Floor Penthouse suite at the popular Treelane Estates. Waterfront Living on the Gorge Waterway! Bright one-bedroom suite with stunning southwest water, city and mountain views. Treelan Estates is comprised of two steel & concrete buildings that are quietly set back from the road on the Gorge Waterway. This suite boasts a spacious living/dining area, galley kitchen, large bedroom, and a storage room. Great views from all windows plus a large view balcony. Laundry is conveniently located on same floor. The building itself is known for its strong amenities, including a rooftop patio and lounge, kayak and bike storage, workshop, guest suite. Located along the scenic Gorge Waterway with walking trails and water access nearby, this central location provides easy access to downtown Victoria, Tillicum Centre, and major transit routes. Affordable entry into a waterfront complex in a desirable, established community.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1024971-ph2-103-e-gorge-rd-victoria-v9a-6z2.107974344

1954 Polo Park Crt  $819,800

This well designed and quality built townhouse offers over 1,600 sq ft on 2 levels. One of Saanichton’s most convenient & desirable locations. Main level living with primary bedroom on main for those looking for no stairs. The kitchen features a corner island & breakfast area, perfect for casual mornings, while the spacious open living and dining area lead to a private garden patio. The main-floor primary bedroom offers a spa-inspired ensuite with a soaker tub and separate shower and walk-in closet. Upstairs has two more spacious bedrooms and a main bathroom, ideal for guests or caretaker. Double garage and large private driveway with room for 2 more vehicles complete the package. Lots of storage. Walking distance to groceries, banking, pharmacy, hardware store, post office, cafés and eateries, centrally located for easy commute to both Sidney and Victoria. This exceptional home blends comfort, lifestyle, and location in perfect harmony.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1024120-1954-polo-park-crt-central-saanich-v8m-2k1.107709923

 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

109 797 Tyee Rd  $649,800

 The Gateyard is a quality-built Vic West complex in the Railyards community fronting the Selkirk Waterway and close to the Galloping Goose Trail. Spacious 2 bedroom, 2 bath condo with 2 parking spots, separate storage and 2 pets allowed! 973 sq/ft plus a 309 sq.ft private and part covered garden patio. Cozy electric fireplace in the spacious livingroom, large kitchen with stainless appliances and wood floors. Nice open layout to the spacious livingroom and dining area with a cozy electric fireplace and leading to the entertaining sized patio. Primary bedroom has 4 piece ensuite and large closet space, in-suite laundry, 2 in ground secure parking spots. Short walk to amenities, and minutes to downtown Victoria. Pet friendly.

View Listing here  https://dalesheppard.com/search-listings/featured-listings/#!listing.1024215-109-797-tyee-rd-victoria-v9a-7r4.107717024

521 Pamela Pl  $1,399,800

OPEN HOUSE SUNDAY, FEB 15TH, 1:30PM-3:00PM. Spacious 2 level family home in desirable Northridge area of Saanich located on a quiet cul-de-sac. Built in 1996, with 3200+ sq/ft on 2 levels, 5 bedrooms, 4 baths. The main level features large formal livingroom with gas f/p, brand new kitchen with stainless appliances, quartz counters, under cabinet lighting, dining area and familyroom with 2nd gas f/p, plus 3 spacious bedrooms, 2 full bathrooms, updated vanities. Primary with large ensuite, soaker tub, separate shower, walk-in closet. 2 large decks for entertaining. Downstairs offers 2 bedrooms, 2 baths, and great options for extended or multi-generational living with perfect flex area with own bathroom, ideal for teenager or home office. 3rd gas F/p down, 2 laundry areas, heat pump with electric furnace, nicely landscaped with fenced yard, great for kids & pets. Double garage plus large driveway. Close to Royal Oak Shopping, excellent schools, 15 minutes to downtown, Airport & Ferries.

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1024957-521-pamela-pl-saanich-v8z-4h1.107961013

4 933 Meares St  $1,249,800

Enjoy luxurious downtown Victoria living at the award winning Terra Rose, built by Abstract Developments. A private enclave of 6 townhomes overlooking heritage greenspace. An oasis within the city. Enter through a private breezeway surrounded by mature landscaping & custom walkway lighting. Over 2000 sq. ft. of elegant living with 3 bedrooms and 4 bathrooms. Quality finishings including 10′ ceilings, cherry wood floors, custom wood & stainless appliances, granite counters, wine fridge, built in cabinetry, in-floor radiant heat, gas f/p. Primary bedroom has vaulted ceilings, Juliet park view Balcony, spa inspired ensuite w/separate shower & soaker tub. Lowest level offers 3rd bedroom or office with murphy bed. Entertain on your 200 sq/ft private garden terrace w/BBQ hookup. 2 underground parking spots with EV charger, separate storage plus a heated storage attic. 5-10 minute walk to most downtown shopping, restaurants, theatres, cinemas, and cultural venues.

View Listing herehttps://dalesheppard.com/search-listings/featured-listings/#!listing.1024894-4-933-meares-st-victoria-v8v-3j5.107951749

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-February 2026 appeared first on Dale Sheppard.

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September 2025

Victoria real estate market has slowed slightly over the course of the summer, while listing inventory has increased over the last year, leaving more choice for Buyers while Sellers must price their properties correctly to attract interest.

Below are some of the statistics for August 2025

Listing Inventory:

There were 3,600 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2025, a decrease of 2.8 % compared to the previous month of July and a 12.8 % increase from the 3,191 active listings for sale at the end of August 2024. This increased inventory is putting some downward pressure on prices.

Sales:

A total of 525 properties sold in the Victoria Real Estate Board region this August, 3.7 % fewer than the 545 properties sold in August 2024 and 22.8 % fewer than in July 2025. Sales of condominiums decreased by 16 % from August 2024 with 152 units sold. Sales of single family homes increased by 6.3% from August 2024 with 268 sold. Condos are struggling the most in this market. Single family sales numbers have actually increased from a year ago.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2024 was $1,287,400. The benchmark value for the same home in August 2025 increased by 1.6 % to $1,308,100, down from July’s value of $1,338,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2024 was $559,200 while the benchmark value for the same condominium in August 2025 decreased by 1.4 % to $551,300, down from the July value of $563,300. Overall prices are now only up 1.6% from one year ago and seem to have topped out in July as we are now seeing slight monthly drops in all sectors over the last month. The Bank of Canada is leaning towards dropping the overnight interest rate at the next meeting next week, so let’s hope this helps to prop up the market in the coming fall 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 neighbourhood values.

https://www.bcassessment.ca/

Featured Listing:

1375 Neild Rd  $699,800

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

96 2500 Florence Lake Rd  $207,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.995065-96-2500-florence-lake-rd-langford-v9b-4h2.105265380

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  $769,800

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

704 373 Tyee Rd  $529,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008873-704-373-tyee-rd-victoria-v9a-0b3.106537624

3956 Long Gun Pl $949,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1012126-3956-long-gun-pl-saanich-v8n-3a9.106735137

 Lot A 265 Trans Canada Hwy  $4,499,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008298-lot-a-265-trans-canada-hwy-malahat-v0r-2l0.106458645

301 2706 Peatt Rd  $449,800

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1008272-301-2706-peatt-rd-langford-v9b-3v3.106484929

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-September 2025 appeared first on Dale Sheppard.

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The post The Best Approach To Selling Your Westshore Home appeared first on Dale Sheppard.

No active listings found in ”North.

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Diverse Property Portfolio

The municipality offers an exceptional range of property types that cater to various lifestyle preferences. Waterfront properties along the coastline provide stunning ocean views and private beach access, with many featuring deep-water moorage for boating enthusiasts. The interior areas showcase expansive rural estates set on acreage, offering privacy, equestrian facilities, and the opportunity for hobby farming or simply enjoying the tranquil countryside setting.

Natural Beauty and World-Class Attractions

North Saanich’s landscape is characterized by rolling farmland, mature forests, and dramatic coastal bluffs. The area is perhaps most famous for being home to the internationally renowned Butchart Gardens, a 55-acre horticultural masterpiece that attracts over one million visitors annually. This proximity to one of Canada’s most celebrated tourist destinations adds both cultural richness and property value to the region.

Rural Charm with Urban Convenience

Despite its rural character, North Saanich offers residents the perfect balance of country living with convenient access to urban amenities. The community maintains its agricultural heritage through local farms, farmers markets, and u-pick operations, while remaining just 30 minutes from downtown Victoria. Residents enjoy excellent schools, parks, recreational facilities, and a strong sense of community, all while surrounded by some of the most beautiful natural scenery in British Columbia.

Investment and Lifestyle Appeal

The combination of transportation accessibility, natural beauty, and proximity to major attractions makes North Saanich particularly attractive to both permanent residents and those seeking vacation properties. The area’s unique positioning offers the serenity of island living with the convenience of mainland connectivity.

The post North Saanich appeared first on Dale Sheppard.