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January 2024 Real Estate Market Update

Friday Feb 2nd, 2024

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      A balanced market means opportunity for buyers and sellers in Victoria February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9 per cent from January 2023 with 112 units sold. Sales of single family homes increased 35 per cent from January 2023 with 162... [read more]

March 2021 Real Estate Market Update

Sunday Apr 11th, 2021

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The fast pace of Victoria real estate market surges on April 1, 2021  A total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 per cent from March 2020 with 377 units sold. Sales of single family homes were up 88.2 per cent from March 2020 with 574 sold. "Limited supply with overwhelming... [read more]

April 2021 Real Estate Market Update

Saturday May 8th, 2021

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    Housing in Greater Victoria remains in high demand May 3, 2021 "Comparing last year's April market to 2021 does not provide us any real insight into long term market trends," said Victoria Real Estate Board President David Langlois. "Instead of comparing to last year's numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre-pandemic, the average number of sales in the... [read more]

May 2021 Real Estate Market Update

Thursday Jun 3rd, 2021

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    Unwavering demand reinforces need to support supply of homes June 1, 2021 The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May 2020, but 6 per cent fewer than the previous month of April. Sales of condominiums were up... [read more]

June 2021 Real Estate Market Update

Monday Jul 5th, 2021

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     Low inventory and strong demand continue in Victoria real estate market July 2, 2021  A total of 942 properties sold in the Victoria Real Estate Board region this June, 16.6 per cent more than the 808 properties sold in June 2020, but 10.2 per cent fewer than the previous month of May. Condominium sales were up 61.7 per cent from June 2020 with 338 units sold. 4 per cent more condominiums sold in June 2021 than in the previous month of May. Sales of single... [read more]

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