Victoria's summer real estate market conditions push into September October 3, 2022  A total of 410 properties sold in the Victoria Real Estate Board region this September, 46.1 per cent fewer than the 761 properties sold in September 2021 and a 14.2 per cent decrease from August 2022. Sales of condominiums were down 58.8 per cent from September 2021 with 126 units sold. Sales of single family homes decreased 33.2 per cent from September 2021 with 221... [read more]

    Less pressure on buyers in August in the Victoria real estate market September 1, 2022  A total of 478 properties sold in the Victoria Real Estate Board region this August, 42.5 per cent fewer than the 831 properties sold in August 2021 and a 6.3 per cent decrease from July 2022. Sales of condominiums were down 57.1 per cent from August 2021 with 148 units sold. Sales of single family homes decreased 30.3 per cent from August 2021 with 249 sold. "August is... [read more]

      Victoria’s hot housing market levels off, supply still important for long-term attainability July 4, 2022  A total of 612 properties sold in the Victoria Real Estate Board region this June, 35 per cent fewer than the 942 properties sold in June 2021 and a 19.6 per cent decrease from May 2022. Sales of condominiums were down 40.2 per cent from June 2021 with 202 units sold. Sales of single family homes decreased 31.4 per cent from June 2021 with 302... [read more]

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]