November 2025 Victoria Real Estate Market Snapshot

November saw a slower pace of sales across the Victoria Real Estate Board region, with 451 properties sold. While this is lower than both October and November last year, it’s important to note that 2025 experienced stronger activity earlier in the spring, unlike 2024, which saw sales pick up later in the year. Overall, sales activity remains in line with the past four-year average.

Inventory remains healthy. There were 3,152 active listings at the end of November, giving buyers more choice and time to make decisions, while sellers continue to see success when homes are priced and presented well.

The market tone can best be described as balanced and patient. Buyers aren’t feeling rushed, and sellers understand that strategy matters more than ever.

In terms of pricing, benchmark values for single family homes in the Victoria Core dipped slightly year-over-year, while condominium values showed modest growth. This highlights how different property types — and locations — are performing differently within the same market.

As always, understanding how your specific home or neighbourhood fits into today’s conditions is key. Local context matters.

COMPLETE UPDATE HERE

October 2025 Victoria Real Estate Market Update

October reflected a steady and balanced real estate market across the Victoria region. Sales increased from September, while remaining slightly lower than this time last year — a typical seasonal pattern as the market shifts toward late fall.

Single-family homes continued to see the strongest demand, while condominium activity was more measured. Buyers in the condo market benefited from greater choice and time to make decisions, while sellers across all property types saw the best results when homes were priced and presented thoughtfully.

Inventory levels remained healthy through October, reinforcing balanced conditions and providing consumers with options. While a late-October interest rate cut had many watching closely, it was too early to see a direct impact on buyer demand.

Overall, the market remained stable, with performance varying by property type and location. As always, understanding how a specific home fits within current conditions is key to making informed decisions.

COMPLETE UPDATE HERE