News

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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