April is here, and with it, the Victoria Market Stats for March! The inventory continued to be too low for the high demand from buyers this March. VREB President, Karen Dinnie-Smyth reported, "This March had just over one thousand properties at month end. We did see more homes come to market this month compared to February - which is a positive sign..." If you want more information about these market stats, or you would like some help with buying or selling your home, please... [read more]

    Record low inventory prevents Victoria real estate market from cooling-off March 1, 2022  A total of 718 properties sold in the Victoria Real Estate Board region this February, 16.8 per cent fewer than the 863 properties sold in February 2021 but a 51.5 per cent increase from January 2021. Sales of condominiums were down 7.9 per cent from February 2021 with 267 units sold. Sales of single family homes decreased 20.8 per cent from February 2021 with 309... [read more]

      A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than in the previous month of October. "Strong demand for housing in our community continues to exceed the ultra-low... [read more]

    Victoria housing market continues to adapt to long-term lack of supply September 1, 2021 A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July. Condominium sales were up 31.7 per cent from August 2020 with 345 units sold. 21.5 per cent more condominiums sold in August 2021 than in the previous month of July. Sales... [read more]

      Victoria housing inventory continues to decline over summer months driving inventory even lower. July 2021 Victoria Real Estate Market A total of 835 properties sold in the Victoria Real Estate Board region this July, 14.7 per cent fewer than the 979 properties sold in July 2020 and 11.4 per cent fewer than the previous month of June. Condominium sales were up 18.8 per cent from July 2020 with 284 units sold. 16 per cent fewer condominiums sold in July... [read more]