Victoria Real Estate Market Report for October 2026

 

November 2, 2026. A total of 573 properties were sold in the Victoria Real Estate Board region this October, 7.1 per cent fewer than the 617 properties sold in October 2025 but 23.8 per cent more than in September 2026. Sales of condominiums decreased by 15.1 per cent from October 2025, with 135 units sold. Sales of single family homes decreased by 13.4 per cent from October 2025, with 303 sold.

 

“In September, market data indicated that our region had shifted into a buyer’s market for the first time in years,” said Victoria Real Estate Board Chair Fergus Kyne. “We noted at the time that a single month does not establish a trend, and October’s balanced market results are a reminder that market conditions can shift materially from month to month. Much of 2026 has been characterized by relatively balanced conditions.”

 

There were 3,594 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2026, a decrease of 5.7 per cent compared to September and a 5 per cent increase from the 3,423 active listings for sale at the end of October 2025.

 

“October sales were very close to the previous five-year average of 581, while new listings were slightly above the five-year average of 1,060, with 1,138 properties coming to market,” said Chair Kyne. “Although inventory has declined from its peak in June, there is still a very healthy number of listings available. That additional inventory continues to give buyers more choice and time to consider their options. While the overall numbers provide a picture of the regional market, conditions can vary considerably between neighbourhoods and property types. Some areas may continue to favour buyers, even when the broader market is more balanced. Your local REALTOR® can help you understand these differences and make informed decisions based on your goals.”

 

Benchmark Pricing

 

The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in October 2025 was $1,280,100. The benchmark value for the same home in October 2026 increased by 0.7 per cent to $1,288,600, up from September’s value of $1,280,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2025 was $549,000, while the benchmark value for the same condominium in October 2026 decreased by 2.8 per cent to $533,900, down from the September value of $547,800.