News

Summary of August 2021 Market

Posted on Sep 13, 2021

Sept 1, 2021 The Victoria housing market continues to adapt to long-term lack of supply. 

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 w...

Read More

The 2020 Victoria Real Estate Market in Review

Posted on Jan 04, 2021 in Market Statistics

January 4, 2021

 The 2020 Victoria real estate market year in review A total of 631 properties sold in the Victoria Real Estate Board region this December, 57 % more than the 402 properties sold in December 2019 and a 20.6 % decrease from November 2020.

 Sales of condominiums were up 61.2 % from December 2019 with 195 units sold.
Sales of single-family...

Read More

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...

Read More