News

Market Stats as of July 4, 2022

Posted on Jul 04, 2022

July 4, 2022,  Victoria’s hot housing market levels off, supply still important for long-term sustainability.
 
A total of 612 properties sold in the Victoria Real Estate Board region this June, 35 percent fewer than the 942 properties sold in June 2021 and a 19.6 percent decrease from May 2022. 

Sales of condominiums were down 40.2 percent from June 202...

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The 2021 Victoria real estate market year in review

Posted on Jan 10, 2022

A grand total of 10,052 properties sold over the course of 2021, 18.3 percent more than the 8,497 that sold in 2020. 2021 sales came in close to 2016’s record-breaking sales year where 10,622 properties were sold. 

“The theme of this year has been very consistent,” says 2021 Victoria Real Estate Board President David Langlois. “Each month a high dem...

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What does a Benchmark Price mean?

Posted on Dec 01, 2020 in Market Statistics

Most properties sold in Greater Victoria and the Southern Gulf Islands are listed and sold on the Victoria Real Estate Board's Multiple Listing Service® (MLS®) System. To analyze sale price trends in the Greater Victoria housing market, the VREB moved away from reporting changes in average and median sale prices.

In its place, we now analyze trends...

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