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Victoria Real Estate Market Update-December 2025

Dale Sheppard — Tue, 09 Dec 2025 21:49:19 +0000

December 2025

December is here, and the holiday season is rapidly approaching. I wish you and your family all the best over the holidays, and a prosperous New Year!
The Victoria Real Estate market has remained stable over the last few months. Sales numbers dropped in November but that is typical as we near the end of the year. While interest rates are poised to remain unchanged in the coming months, and listing inventory on the higher side, prices continue to remain stable, which shows the resilience of the Victoria market. Not much is expected to change in the Greater Victoria market for the remainder of the year, and into 2026.

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

Listing Inventory:

There were 3,152 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2025, a decrease of 7.9 % compared to the previous month of October and an 11.1 % increase from the 2,836 active listings for sale at the end of November 2024. Today’s elevated inventory is giving buyers exceptional selection, but it also puts pressure on sellers to price sharply to stand out. With roughly one in seven properties selling each month, proper pricing is essential for Sellers to attract viewings and offers.

Sales:

A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 % fewer than the 551 properties sold in November 2024 and 26.9 % fewer than in October 2025. Sales of condominiums decreased by 36 % from November 2024 with 119 units sold. Sales of single-family homes decreased by 8.4 % from November 2024 with 241 sold. The sales numbers decreased considerable in November. Declining numbers towards the end of a year are not unusual, but with interest rates lower today than in 2024, this is unusual. The effects of the global and Canadian economic picture might be catching up with our local markets. The coming months should remain relatively unchanged, but it is hard to predict outcomes in these uncertain times.

Average Victoria Real Estate Prices:

The Multiple Listing Service® Home Price Index* benchmark value for a single family home in the Victoria Core in November 2024 was $1,313,900. The benchmark value for the same home in November 2025 decreased by 2.8 % to $1,276,700, down from October’s value of $1,280,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2024 was $542,100, while the benchmark value for the same condominium in November 2025 increased by 2 % to $553,100, up from the October value of $549,000. Single-family home prices are not only lower than in 2024, but they also dipped slightly compared to October of this year. With inventory remaining high, sellers need to price accurately to capture buyer interest. Condo prices saw a small month-over-month increase, but condos continue to be more challenging to sell due to oversupply. Overall, prices across Greater Victoria have been relatively stable and are expected to remain this way for the foreseeable future.

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 Listings:

113 1201 Nova Crt $749,800

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

216-1375 Bear Mountain PKWY $529,800

OPEN HOUSE SAT, DEC 13TH, 10:00AM-11:30AM. Located on Bear Mountain in the popular St. Andrew’s Walk. Quietly tucked away overlooking the 9th fairway, this beautifully updated 2 bed condo offers a rare blend of privacy and effortless living. Covered south-facing deck invites you to unwind as the afternoon sun shines bright into the suite, and enjoy the tranquil golf course views & the gentle flutter of hummingbirds. The gourmet kitchen, featuring granite counters & a comfortable eating island, flows effortlessly into the Living and Dining areas, creating a bright, open-concept space with a cozy electric fireplace. Updates includes quality wood floors, newer appliances, built-in cupboard organizers that maximize function and style, Murphy bed in 2nd bedroom. Lots of storage, bike area, and secure underground parking. A truly inviting home in a peaceful natural setting. Just Steps away from the Village, Westin Hotel & Spa, Athletic Club, & restaurants. Secure parking, Pets allowed

View Listing here https://dalesheppard.com/search-listings/featured-listings/#!listing.1020510-216-1375-bear-mountain-pkwy-langford-v9b-0c9.107348919

1954 Polo Park Crt $849,800

OPEN HOUSE SUNDAY, DECEMBER 14TH, 1-3PM. Impeccably presented and thoughtfully designed, this three-bedroom residence offers over 1,600 sq ft of refined living in one of Saanichton’s most convenient & desirable settings. Soaring ceilings & abundant natural light create an airy sense of space throughout. The gourmet kitchen features a corner island & breakfast area, perfect for casual mornings, while the spacious living and dining areas open seamlessly and 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. A double garage and private driveway for 2 more cars complete the package. Lots of storage. Located just steps from shopping, cafés, and local amenities, and 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.1020418-1954-polo-park-crt-central-saanich-v8m-2k1.107348968

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.

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Saanich Peninsula Home Selling Guide

Shawn — Wed, 20 Aug 2025 05:32:15 +0000

Sell Your Central Saanich Home With Confidence

Central Saanich is a unique blend of farmland, oceanfront properties, and tight-knit community living. If you’re a homeowner here, you’re in a strong position. Buyers are eager to find homes in Central Saanich — and your property could be exactly what they’re looking for.

Why Now Is the Best Time to Sell Your Home

Premium Lifestyle Properties: Acreages and waterfront homes are selling for top dollar.
Shifting Demographics: Many retirees are downsizing or moving closer to family, which increases demand.
Seasonal Advantage: Spring and summer highlight your home’s beauty, from gardens to ocean views.

What Buyers Want in Central Saanich

Buyers searching for a home here want:

Scenic charm — wineries, farms, and water views
A welcoming community in Brentwood Bay or Saanichton
Easy access to both Sidney and Victoria

Why List With Dale Sheppard

Dale understands that when you sell your Central Saanich home, you’re not just selling a house — you’re selling a lifestyle. His marketing makes sure buyers see that value.

Thinking of selling your Central Saanich home? Schedule your appointment with Dale.

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Saanichton

Shawn — Mon, 14 Jul 2025 06:05:11 +0000

Small Saanich Peninsula community known for the BC Institute of Technology campus, agricultural fairgrounds, and country properties.

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Trading City Noise for Starry Nights: Is It Time to Go Rural?

Shawn — Mon, 14 Jul 2025 01:56:52 +0000

You’re tired of sirens at 2 AM. Your neighbour’s renovations start every Saturday morning at the crack of dawn. You battle for parking at the grocery store, and the idea of actually seeing stars from your backyard feels like a distant memory.

If this sounds like your life in Victoria, it might be time to consider something different: a rural property with space, serenity, and a slower pace. Communities like Metchosin, Sooke, North Saanich, and Saanichton offer acreage, privacy, and a true lifestyle shift.

But how do you make that dream a reality? It starts with understanding your current home value and connecting with the right partner — like Dale Sheppard, a top Realtor in Victoria and the Westshore with a proven track record in selling properties and guiding clients into their next chapter.

The Rural Advantage: What You Gain

Let’s talk benefits. When you make the move from urban Victoria to a rural community, you’re not just changing your address — you’re transforming your lifestyle:

More space, indoors and out
Privacy you can’t find in the city
A chance to hear owls instead of traffic
Opportunities for real gardening, hobby farming, or even chickens
Access to local farms, fresh produce, and mountain view homes

Rural living offers a renewed connection with nature and a pace of life that’s healthier, calmer, and more intentional.

Imagine your dog running free on your own land. Picture morning coffee on a quiet porch, evenings filled with stars, and weekends filled with cycling quiet roads or exploring nature trails — not circling for a parking spot downtown.

What You Leave Behind (and Why That’s Okay)

Yes, there are trade-offs. Your favourite café won’t be around the corner. Grocery runs may require a bit more planning. Some rural homes come with wells, septic systems, and heating systems that need attention. Internet speeds might be slower, and power outages can take longer to resolve.

But when you factor in what you’re gaining — and what you could buy with the value of your current home — it might be the smartest move you’ll ever make.

Crunching the Numbers: Equity Makes It Possible

The benchmark price for a single-family home in Victoria’s urban core hit $1.325 million in June 2025. That’s not just a statistic — that’s your opportunity.

If you bought years ago, you may be sitting on a significant amount of equity. It’s time to ask:

What’s the value of my home today?
What could I afford in a quieter community like Sooke or North Saanich?
What are my options if I want to check my property value or get a free property estimate?

Use Dale Sheppard’s property value calculator to get a clearer picture, or contact him for a home evaluation — no pressure, just clarity.

Here’s a quick look at rural averages as of June 2025:

Sooke: ~$692,000 average
Metchosin: ~$1.7 million (with large lots and privacy)
North Saanich: High-end rural feel with excellent proximity to YYJ and BC Ferries

Your home price in Victoria could translate to a larger property or even acreage elsewhere — and often with lower property taxes and more value per dollar.

Finding the Right Fit: Dale Sheppard Knows Every Niche

Whether you want to live on a quiet road in Metchosin, be closer to the water in Sooke, or stay within commuting distance in Saanichton or North Saanich, Dale Sheppard can help you find a property that matches your lifestyle.

As a top Realtor in Langford, Saanich, and View Royal, Dale knows how to match clients to the right community — and how to sell a home quickly and for top dollar.

With experience in everything from urban home valuations to rural land transactions and even commercial sales, Dale brings unmatched insight to every deal. His process is thorough, data-driven, and personalized to your goals.

Important Rural Real Estate Considerations

Before you fall in love with a home in the woods, it’s important to understand the rural reality. Dale will walk you through:

Septic system health – a number of municipalities in the CRD are on sewers, but some remote properties still rely on septic.
Well water quality
Road access and fire protection zones
Zoning regulations (e.g., chickens, home-based businesses, or building workshops)

These aren’t dealbreakers — just practical details that an experienced professional real estate agent like Dale will help you navigate with confidence.

Is This Move Right for You?

Ask yourself:

Do I need to be in Victoria daily?
Am I okay trading convenience for quiet?
Do I want to maintain land, or simply escape the noise?

If you’re feeling burnt out by city life and craving fresh air, starry nights, and room to breathe, this could be your chance to start fresh — and build a lifestyle that fits your values.

And if you’re not 100% ready to leave urban life? There are also townhomes in Langford, or low-maintenance properties in Saanich and View Royal that offer space without sacrificing access.

Ready to Explore? Let’s Start With Your Current Home

Before you plan your dream garden or pick out a chicken coop, take the first step: Find out what your home is worth today.

Use Dale’s home value calculator, or request a free property estimate. Dale Sheppard will help you evaluate your home, walk you through current market conditions, and show you what’s possible in your next move — whether it’s acreage, a mountain view home, or a townhouse near the ocean.

With Dale’s experience as a top realtor in Victoria, Westshore, and beyond, you’ll have the right expert by your side — someone who’s helped hundreds of homeowners like you make confident, life-enhancing moves.

Contact Dale Sheppard today to check your property value, discuss rural property options, or just get the conversation started.
Your next chapter could be quieter, greener, and exactly what you’ve been looking for.

The post Trading City Noise for Starry Nights: Is It Time to Go Rural? appeared first on Dale Sheppard.

Saanich Peninsula

admin — Thu, 14 Dec 2023 20:59:33 +0000

Saanich Peninsula

Saanich Peninsula encompasses the areas of Sidney, Central Saanich and North Saanich. Central Saanich itself is divided into the micro communities of Saanichton, Brentwood Bay and Keating.

The region known for its farmland and agriculture. Farmstands dot the roads and farmer markets pop up frequently throughout the year. Saanich Peninsula is home to the Victoria International Airport;the BC Ferries terminal to the mainland and Gulf Islands; and the Anacortes Ferry to Washington state. Locals love being able to access travel options outside their front door.

Sidney and North Saanich are close to the sea and by extension, the fast growing Blue Economy movement of start-ups and businesses that enjoy easy access to shoreline, local government and just a quick plane ride to Vancouver, Calgary, Seattle, San Francisco– many destinations are available as direct connection flights.

Saanich Peninsula connects to the rest of Greater Victoria via the Highway 17 (aka The Pat Bay Hwy). This puts work, play and shopping just 20 minutes away. Properties on the Saanich Peninsula are varied, safe and calming. Dale specializes in connecting home buyers with properties available on the peninsula.

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