#1806 8360 Granville

The year started off strong with significant improvements in sales volume. Buyer's are taking advantage of lower interest rates, while homeowner's are more willing to put their homes on the market adding a healthy amount of inventory.

Just sold: 1019 De Costa Place, Victoria BC – $1,750,000. Stunning waterfront townhouse with dock access, triple A renovations, and panoramic Gorge Waterway views. Sold in a competitive market.

What's the most stable market in Victoria? Fairfield! Prices remain flat and even increase over past 2 years. Here's the median price, average price, days on market, and more for single family homes and condominiums.

The pulse of Victoria's real estate market. This month we cover pre-sale cancellations and struggling construction projects, interest rates and inflation, and outlook for 2025.

February 2025 Victoria real estate market update: Home sales surged by 12.3% year-over-year, with 528 properties sold. Inventory grew by 11.3%, while single-family home prices rose 3.7% to $1.31M. The market remains balanced, creating opportunities for both buyers and sellers. Read the full report.