RSS

Victoria Real Estate Market: Is Now the Time to Buy an Investment Property?

October 2026 | Greater Victoria Real Estate Market Update

If you've been thinking about purchasing an investment property in Greater Victoria, this could be an excellent time to start exploring your options.

According to the Victoria Real Estate Board's September 2026 market report, the market is showing signs of shifting in favour of buyers. With more properties available and fewer sales compared to last year, buyers may find themselves in a stronger position to negotiate.

And for anyone considering real estate as a long-term investment, that's worth paying attention to.

What's Happening in the Victoria Real Estate Market?

The September 2026 statistics tell an interesting story:

  • 463 properties sold throughout the Victoria Real Estate Board region, a 16.4% decrease compared with September 2025.

  • 3,811 active listings at the end of September, giving buyers more properties to consider.

  • More negotiating opportunities may be emerging as some properties spend longer on the market.

The Victoria Real Estate Board has described regional market conditions as moving toward buyer's market territory.

That doesn't mean every neighbourhood or property type is experiencing the same conditions, but it does suggest a changing landscape for purchasers.

Why This Could Be an Opportunity for Real Estate Investors

When the market slows, many buyers take a wait-and-see approach.

However, experienced investors often recognize that a quieter market can present opportunities worth investigating.

1. More Properties to Choose From

With increased inventory, buyers may have more time to compare properties, evaluate rental potential and find something that meets their investment goals.

2. Greater Negotiating Power

Depending on the property, its asking price and how long it has been listed, there may be opportunities to negotiate more favourable terms.

3. Time to Do Your Homework

A less competitive market can provide more breathing room to complete inspections, review strata documents, assess rental income and evaluate the long-term costs of ownership.

4. Long-Term Investment Potential

Real estate can be an important part of a long-term wealth-building strategy. The key is purchasing the right property, at the right price, with realistic expectations about expenses, financing and rental income.

Where Should Investors Be Looking?

I work with buyers and sellers throughout Greater Victoria, including Victoria, Saanich, Langford, Colwood, View Royal and the surrounding communities.

There are several property types worth considering:

  • Condominiums: Potentially attractive entry points for investors, provided the strata bylaws, monthly fees and rental economics make sense.

  • Townhomes: An option for investors looking to attract tenants who need more living space.

  • Homes with suites: Properties offering secondary accommodation may provide additional rental-income opportunities, subject to local regulations and financing requirements.

  • Properties requiring cosmetic updates: Some homes may offer opportunities to add value through thoughtful improvements.

Every investment is different. Rental restrictions, vacancy risk, maintenance costs, insurance, taxes and financing all need to be carefully considered before making a purchase.

You Don't Have to Wait for the Market to Turn

One of the biggest challenges in real estate is knowing when to make a move.

It's nearly impossible to identify the perfect bottom of any market.

Rather than trying to time the market, I encourage buyers to focus on the fundamentals: location, property condition, rental demand, cash flow and long-term affordability.

A good investment should make sense based on today's numbers — not just the hope that property values will increase.

Let's Explore Your Options

Whether you're purchasing your first investment property, adding to an existing portfolio or simply curious about what opportunities are available, I'd be happy to help.

We can review current listings, compare neighbourhoods and identify properties that may suit your investment goals.

Cheryl Barnes | REALTOR®
Macdonald Realty
250-413-7943
www.cherylbarnes.ca

Serving Greater Victoria, the Westshore and Vancouver Island.

Market statistics sourced from the Victoria Real Estate Board, September 2026. Market conditions vary by neighbourhood and property type. Real estate investments involve financial risk, and buyers should obtain independent financial, tax and legal advice where appropriate.

Read

I have sold a property at 4426 Chartwell Dr in Saanich

I have sold a property at 4426 Chartwell Dr in Saanich on Oct 1, 2026. See details here

Located in one of Gordon Head’s most desirable areas, on the quiet, well-treed cul-de-sac of Chartwell Drive, this spacious family home offers approx. 3,900 sq. ft. of living space with 6–7 bedrooms and 5 bathrooms on a fully fenced lot. Full of warmth and character, the home features hardwood floors, wood detailing and plenty of natural light. The spacious living room features an updated gas fireplace, while the bright modern kitchen offers a functional space for family living. The main level includes a large primary bedroom with 3-piece ensuite, updated main bathroom and additional bedrooms. The walk-out lower level has a private entrance and yard access, featuring a flexible 3–4 bedroom in-law suite with its own laundry, kitchen plus a large family room with wood-burning fireplace. Single garage. Close to schools, parks, shopping, transit and UVic.

Read

I have sold a property at #111 2957 Alouette Dr in Langford

I have sold a property at #111 2957 Alouette Dr in Langford on Sep 29, 2026. See details here

#111 - 2957 Alouette Dr | Westhills Location, location! Nestled at the quiet end of a private cul-de-sac, this bright, meticulously maintained 3 bed/3 bath end-unit townhome is the perfect spot to raise a family! Enjoy upper-floor Langford Lake views, a fully fenced private patio with irrigation, an attached garage + driveway, and guest parking right next door. Home Highlights: • Geothermal in-floor heating for low energy bills • Main-floor surround sound speakers Unbeatable Location & Lifestyle: Steps from the Westhills YMCA, Belmont Market, schools, parks, coffee shops, hiking trails, & Langford Lake. Easy commuter access to Victoria, Sooke, & Up-Island. Key Details: • Low Strata Fee: $345/mo • Rentals Allowed • Pets Allowed Turn-key & ready for you to move in—ideal for families & investors alike!

Read

New property listed in La Bear Mountain, Langford

I have listed a new property at #610 1400 Lynburne Pl in Langford. See details here

Welcome to Finlayson Reach at Bear Mountain! Beautifully updated, this 2 BED, 2 BATH home offers 1,020 sq ft of thoughtfully designed living with a sunny south-facing outlook over the Jack Nicklaus-designed golf course. Fresh designer paint and new light oak-style flooring create a bright, contemporary feel. The open-concept kitchen features SS appliances, gas range and island seating, flowing into the living room with stone fireplace and built-in desk. Step onto the spacious deck from both the living room and primary bedroom and enjoy the views. The primary suite offers oversized closets and a spa-inspired ensuite. Exceptional amenities include concierge, lounge with kitchen & pool table, fitness centre, theatre, steam room, sauna and car wash. Pets welcome, BBQs permitted and rentals 30+ days allowed. Non-smoking building. Steps to Bear Mountain golf, recreation, cafés and dining.

Read

I have sold a property at #413 662 Goldstream Ave in Langford

I have sold a property at #413 662 Goldstream Ave in Langford on Sep 23, 2026. See details here

Tidy, clean, and move-in ready! This beautifully updated TOP FLOOR 2bd 1bth condo offers the perfect blend of comfort, convenience & affordability in the heart of Langford. One of the BD is ideally suited as a home office or den, providing flexible living for today's lifestyle. The bright open-concept floor plan features a well-appointed kitchen with a granite island overlooking the dining and living areas, making it perfect for entertaining. The spacious primary bedroom includes a walk-in closet, while the thoughtful layout separates the bds for added privacy. Enjoy morning coffee on the sunny balcony overlooking the surrounding neighborhood. Located in a quiet, well-managed, pet-friendly building with parking, separate storage, and BBQs permitted. Walk to grocery stores, restaurants, cafés, Starbucks, Browns Social house, the library, parks, and all of downtown Langford's amenities. The Galloping Goose Trail and transit to downtown Victoria are just steps away.

Read

I have sold a property at 2716 Celestial Crt in Langford

I have sold a property at 2716 Celestial Crt in Langford on Sep 23, 2026. See details here

IMMEDIATE POSSESSION; 2716 Celestial Court, bright beautifully maintained 5-year-old home tucked away on a quiet, family-friendly cul-de-sac in Westhills. Offering over 1600 sq. ft.9 FT CEILINGS, 3 BD + DEN, 2-BT home, fantastic opportunity for first-time buyers or a young family. Enjoy high ceilings, large windows, quality laminate flooring, sunny white kitchen with quartz counters, stainless appliances, gas range. The living room features a cozy gas fireplace, plus there’s a convenient 3-piece bth on the main. Upstairs offers 3 good-sized bds, including a primary with vaulted ceilings, and a full 4-piece bath. Downstairs includes a den, double garage, patio and side yard. Built Green certified. Walk to schools and enjoy hockey, rugby, rock climbing, YMCA swimming, Jordie Lunn Bike Park, trails and Langford Lake for kayaking and swimming. Groceries, shopping, restaurants, transit and amenities are minutes away. BALANCE OF 2/5/10 YEAR NEW HOME WARRANTY! **$779,000.**

Read

I have sold a property at #215 1325 Bear Mountain Pkwy in Langford

I have sold a property at #215 1325 Bear Mountain Pkwy in Langford on Sep 14, 2026. See details here

Immediate possession! WEST-FACING DECK! This spotless, vacant move-in ready 2 BD, 2 BA + den condo offers one of the largest decks for a unit this size in the complex. Enjoy 274 sq ft of sunny outdoor living space overlooking a beautifully landscaped courtyard w/mature trees—perfect for BBQs, & afternoon sun. Inside find a bright, functional layout with beautiful views from virtually every room. The kitchen features cherry cabinetry, granite countertops, ceramic tile flooring, glass tile backsplash, eating island, brand-new stainless steel appliances. Quality finishings include 9' ceilings, marble tiled entry, wood-framed windows, laminate flooring in the main living areas, custom baseboards, FP, built-in shelving security system. The primary suite features heated marble tile floors in the ensuite - the 2nd bath offers slate tile. Secure underground parking, storage locker + well-run, pet-friendly building in the heart of Bear Mountain, steps to golf, trails, dining & recreation.

Read

Open House. Open House on Sunday, September 13, 2026 2:00PM - 4:00PM

Please visit our Open House at 2874 Meridian Ave in Langford. See details here

Open House on Sunday, September 13, 2026 2:00PM - 4:00PM

Welcome to 2874 Meridian Ave in Westhills, one of Langford’s most vibrant family communities! Built in 2018, this bright & beautifully finished home offers 1,400+ sq.ft. with a rare, highly desirable layout. The primary bedroom is conveniently located on the main, with 2 additional bedrooms & versatile loft upstairs. Soaring 9'–18' vaulted ceilings fill the living area with natural light. The quality kitchen features stainless steel appliances, gas cooktop, ample cabinetry & contemporary finishes. A striking 2-sided gas fireplace connects the living room & primary bedroom, while patio doors from both spaces open to the spacious backyard. Enjoy Langford Lake, Jordie Lunn Bike Park & trails, schools, Starlight Stadium, YMCA/YWCA, hockey, rock climbing & endless recreation nearby. Strata fee just $181/month, pets permitted & rentals allowed with a minimum 90-day term. An exceptional Westhills home offering space, style & an unbeatable lifestyle!

Read

I have sold a property at 3484 Myles Mansell Rd in Langford

I have sold a property at 3484 Myles Mansell Rd in Langford on Sep 9, 2026. See details here

FREEHOLD! Welcome to 3484 Myles Mansell Road, a modern 4-bedroom home built in 2020 in a quiet, sought-after Langford subdivision. Offering 1,892 sq.ft. of finished living space, this home features a functional layout, quality finishes and flexible living options. The main level boasts 9-foot ceilings, hardwood floors and an open-concept design with a stylish kitchen featuring white shaker cabinetry, quartz countertops, stainless steel appliances and a large island. The spacious living room includes a sleek gas fireplace, while sliding doors lead to a low maintenance backyard patio ideal for year-round entertaining. Upstairs offers a primary suite with walk-in closet and ensuite plus two additional bedrooms, a full bathroom and laundry. The entry level includes a fourth bedroom plus bonus room, full bath and garage access—perfect for guests, a home office or extended family. Hot water on demand and central vacuum. Close to schools, shopping and all Langford amenities. Call today!

Read

Open House. Open House on Saturday, September 5, 2026 3:30PM - 5:00PM

Please visit our Open House at 2874 Meridian Ave in Langford. See details here

Open House on Saturday, September 5, 2026 3:30PM - 5:00PM

Welcome to 2874 Meridian Ave in Westhills, one of Langford’s most vibrant family communities! Built in 2018, this bright & beautifully finished home offers 1,400+ sq.ft. with a rare, highly desirable layout. The primary bedroom is conveniently located on the main, with 2 additional bedrooms & versatile loft upstairs. Soaring 9'–18' vaulted ceilings fill the living area with natural light. The quality kitchen features stainless steel appliances, gas cooktop, ample cabinetry & contemporary finishes. A striking 2-sided gas fireplace connects the living room & primary bedroom, while patio doors from both spaces open to the spacious backyard. Enjoy Langford Lake, Jordie Lunn Bike Park & trails, schools, Starlight Stadium, YMCA/YWCA, hockey, rock climbing & endless recreation nearby. Strata fee just $181/month, pets permitted & rentals allowed with a minimum 90-day term. An exceptional Westhills home offering space, style & an unbeatable lifestyle!

Read

New property listed in La Westhills, Langford

I have listed a new property at 2874 Meridian Ave in Langford. See details here

Welcome to 2874 Meridian Ave in Westhills, one of Langford’s most vibrant family communities! Built in 2018, this bright & beautifully finished home offers 1,400+ sq.ft. with a rare, highly desirable layout. The primary bedroom is conveniently located on the main, with 2 additional bedrooms & versatile loft upstairs. Soaring 9'–18' vaulted ceilings fill the living area with natural light. The quality kitchen features stainless steel appliances, gas cooktop, ample cabinetry & contemporary finishes. A striking 2-sided gas fireplace connects the living room & primary bedroom, while patio doors from both spaces open to the spacious backyard. Enjoy Langford Lake, Jordie Lunn Bike Park & trails, schools, Starlight Stadium, YMCA/YWCA, hockey, rock climbing & endless recreation nearby. Strata fee just $181/month, pets permitted & rentals allowed with a minimum 90-day term. An exceptional Westhills home offering space, style & an unbeatable lifestyle!

Read

Open House. Open House on Saturday, September 5, 2026 1:00PM - 3:00PM

Please visit our Open House at 2716 Celestial Crt in Langford. See details here

Open House on Saturday, September 5, 2026 1:00PM - 3:00PM

OH SAT & SUN. IMMEDIATE POSSESSION; 2716 Celestial Court, bright beautifully maintained 5-year-old home tucked away on a quiet, family-friendly cul-de-sac in Westhills. Offering over 1600 sq. ft.9 FT CEILINGS, 3 BD + DEN, 2-BT home, fantastic opportunity for first-time buyers or a young family. Enjoy high ceilings, large windows, quality laminate flooring, sunny white kitchen with quartz counters, stainless appliances, gas range. The living room features a cozy gas fireplace, plus there’s a convenient 3-piece bth on the main. Upstairs offers 3 good-sized bds, including a primary with vaulted ceilings, and a full 4-piece bath. Downstairs includes a den, double garage, patio and side yard. Built Green certified. Walk to schools and enjoy hockey, rugby, rock climbing, YMCA swimming, Jordie Lunn Bike Park, trails and Langford Lake for kayaking and swimming. Groceries, shopping, restaurants, transit and amenities are minutes away. BALANCE OF 2/5/10 YEAR NEW HOME WARRANTY! **$779,000.**

Read
Categories:   Co Colwood Corners, Colwood Real Estate | Co Colwood Lake, Colwood Real Estate | Co Hatley Park, Colwood Real Estate | Co Lagoon, Colwood Real Estate | Co Latoria, Colwood Real Estate | Co Olympic View, Colwood Real Estate | Co Royal Bay, Colwood Real Estate | Co Sun Ridge, Colwood Real Estate | Co Triangle, Colwood Real Estate | Co Wishart North, Colwood Real Estate | Co Wishart South, Colwood Real Estate | CS Brentwood Bay, Central Saanich Real Estate | CS Saanichton, Central Saanich Real Estate | CS Tanner, Central Saanich Real Estate | CV Comox (Town of), Comox Valley Real Estate | Du Chemainus, Duncan Real Estate | Du East Duncan, Duncan Real Estate | Du Lake Cowichan, Duncan Real Estate | Du West Duncan, Duncan Real Estate | Es Gorge Vale, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | Es Old Esquimalt, Esquimalt Real Estate | Es Rockheights, Esquimalt Real Estate | GI Saturna Island, Gulf Islands Real Estate | Hi Bear Mountain, Highlands Real Estate | Hi Western Highlands, Highlands Real Estate | La Atkins, Langford Real Estate | La Bear Mountain, Highlands Real Estate | La Bear Mountain, Langford Real Estate | La Fairway, Langford Real Estate | La Florence Lake, Langford Real Estate | La Glen Lake, Langford Real Estate | La Goldstream, Langford Real Estate | La Happy Valley, Langford Real Estate | La Langford Lake, Langford Real Estate | La Langford Proper, Langford Real Estate | La Luxton, Langford Real Estate | La Mill Hill, Langford Real Estate | La Olympic View, Langford Real Estate | La Thetis Heights, Langford Real Estate | La Walfred, Langford Real Estate | La Westhills, Langford Real Estate | Me Albert Head, Metchosin Real Estate | Me Kangaroo, Metchosin Real Estate | Me Metchosin, Metchosin Real Estate | Me Neild, Metchosin Real Estate | ML Cobble Hill, Malahat & Area Real Estate | ML Malahat Proper, Malahat & Area Real Estate | ML Mill Bay, Malahat & Area Real Estate | NS McDonald Park, North Saanich Real Estate | OB Henderson, Oak Bay Real Estate | OB North Oak Bay, Oak Bay Real Estate | OB South Oak Bay, Oak Bay Real Estate | PQ French Creek, Parksville/Qualicum Real Estate | SE Arbutus, Saanich East Real Estate | SE Broadmead, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Cordova Bay, Saanich East Real Estate | SE Gordon Head, Saanich East Real Estate | SE High Quadra, Saanich East Real Estate | SE Lake Hill, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Doug, Saanich East Real Estate | SE Mt Tolmie, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | Si Sidney North-East, Sidney Real Estate | Sk Becher Bay, Sooke Real Estate | Sk Broomhill, Sooke Real Estate | Sk East Sooke, Sooke Real Estate | Sk Kemp Lake, Sooke Real Estate | Sk Otter Point, Sooke Real Estate | Sk Saseenos, Sooke Real Estate | Sk Sooke Vill Core, Sooke Real Estate | Sk Sunriver, Sooke Real Estate | Sk Whiffin Spit, Sooke Real Estate | SW Gateway, Saanich West Real Estate | SW Glanford, Saanich West Real Estate | SW Gorge, Saanich West Real Estate | SW Granville, Saanich West Real Estate | SW Northridge, Saanich West Real Estate | SW Royal Oak, Saanich West Real Estate | SW Rudd Park, Saanich West Real Estate | SW Strawberry Vale, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | SW West Saanich, Saanich West Real Estate | Vi Burnside, Victoria Real Estate | Vi Central Park, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Fernwood, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi James Bay, Victoria Real Estate | Vi Jubilee, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | Vi Rock Bay, Victoria Real Estate | VR Glentana, View Royal Real Estate | VR Hospital, View Royal Real Estate | VR Prior Lake, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VR View Royal, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria Real Estate | VW Victoria West, Victoria West Real Estate
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.