Victoria, BC's capital city, offers an exceptional blend of urban sophistication and coastal charm. With its historic architecture, walkable neighbourhoods, and stunning ocean views, Victoria attracts professionals, families, and retirees alike. From the waterfront luxury of James Bay to the vibrant character of Fernwood, each neighbourhood provides unique lifestyle opportunities while maintaining Victoria's distinctive elegance and livability.
Victoria's real estate market reflects its status as one of Canada's most desirable cities, with neighbourhoods ranging from affordable entry points to prestigious heritage estates. The city's compact size ensures residents enjoy easy access to downtown amenities, recreational facilities, and the stunning natural beauty of Vancouver Island's southern tip.
Let's look at the numbers. Victoria offers unparalleled urban living with heritage character and ocean access. Here's what buyers need to know.
Median square footage for single-family homes sold between $950,000 – $1,050,000
Source: Victoria Real Estate Board MLS®, Oct 2025 – Sep 2026
For the same $1 million budget, Victoria gives you 1,772 sq ft with walkable urban living vs 2,071 sq ft in Langford. You trade space for a car-free lifestyle, heritage character, and ocean access. If walkability, cycling infrastructure, and urban amenities matter more than square footage, Victoria wins.
Victoria offers unparalleled urban living with heritage character. Whether it's walkable downtown or family-friendly Oaklands, Victoria is BC's capital for a reason.
Explore Live Victoria Market Data →Based on 1,157 recent transactions, here's what different budgets get you in Victoria. The data shows that Victoria offers exceptional heritage character — but you'll pay a premium for walkability and ocean access.
Data based on 764 condo, 107 townhouse, and 286 single-family sales | October 2025 – September 2026
| Price Range | Volume | Size | $/Sq Ft | Typical Config |
|---|---|---|---|---|
| Under $900K | 49 (17.1%) | 1,208 sq ft | $685 | 2-3 bed / 1-2 bath · Entry-level |
| $900K–$1.2M | 88 (30.8%) | 1,786 sq ft | $578 | 2-3 bed / 2 bath · Family, character |
| $1.2M–$1.5M | 77 (26.9%) | 2,192 sq ft | $608 | 2-3 bed / 2-3 bath · Updated |
| $1.5M–$2M | 42 (14.7%) | 2,662 sq ft | $642 | 3-4 bed / 3-4 bath · Premium |
| Over $2M | 30 (10.5%) | 3,483 sq ft | $711 | 3-4 bed / 4-5 bath · Luxury |
Browse houses for sale in Victoria →
| Price Range | Volume | Size | $/Sq Ft | Typical Config |
|---|---|---|---|---|
| Under $400K | 123 (16.1%) | 573 sq ft | $613 | 1 bed / 1 bath · Entry-level |
| $400K–$600K | 348 (45.5%) | 804 sq ft | $611 | 1-2 bed / 1-2 bath · Modern |
| $600K–$800K | 133 (17.4%) | 994 sq ft | $694 | 2 bed / 1-2 bath · Premium |
| $800K–$1.2M | 110 (14.4%) | 1,198 sq ft | $808 | 2 bed / 2 bath · Waterfront |
| Over $1.2M | 50 (6.5%) | 1,658 sq ft | $956 | 2-3 bed / 2-3 bath · Penthouse |
Browse condos for sale in Victoria →
| Price Range | Volume | Size | $/Sq Ft | Typical Config |
|---|---|---|---|---|
| Under $700K | 27 (25.2%) | 1,140 sq ft | $531 | 2-3 bed / 1-2 bath · Entry-level |
| $700K–$900K | 44 (41.1%) | 1,212 sq ft | $630 | 2-3 bed / 2-3 bath · Family |
| $900K–$1.1M | 18 (16.8%) | 1,482 sq ft | $663 | 2-3 bed / 3 bath · Updated |
| $1.1M–$1.4M | 13 (12.1%) | 1,906 sq ft | $664 | 2 bed / 3 bath · Waterfront |
| Over $1.4M | 5 (4.7%) | — | — | — · Luxury |
Browse townhouses for sale in Victoria →
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Create free accountBrowse Victoria homes for saleCondos represent 66% of all Victoria sales. Downtown, James Bay, and Songhees offer the strongest condo markets with the widest selection.
Single-family homes move in 22 days median vs 33 for condos. Well-priced homes in Oaklands, Fernwood, and Fairfield often receive multiple offers in the first week.
Fairfield and Rockland homes command $550–800/sq ft despite 1900s–1920s construction. Buyers pay premium for walkability, tree-lined streets, and architectural character.
Downtown provides 297 condo sales (26% of market). From $260K studios to $2.75M penthouses — the most diverse inventory in Greater Victoria.
Vic West houses sold for a median $1,060,000, 27% less than Fairfield/James Bay ($1,450,000; 21 and 99 sales). Strong community character, evolving waterfront access, and proximity to downtown make it Victoria's emerging neighbourhood.
Victoria proper is constrained by ocean on three sides. Heritage preservation and character protection create limited new supply, supporting long-term value appreciation.
Buying or selling in Victoria?
Talk to Dustin Miller at 8X Real Estate. Local data, straight answers, no pressure.
Buy with 8XSell with 8XVictoria market data, updated daily →Recent 8X Real Estate sales in Victoria
SoldSold by 8X$332,500▼ $16K under (4.7%)List $348,888755 Hillside Ave #301, Victoria2 Bd · 1 Ba · 1,095 sfCondoSold May 9, 2026 · 39 DOMMLS® 10303368X Real Estate
Sold8X represented the buyer$410,000— At listList $410,000534 Pandora Ave #103, Victoria1 Bd · 1 Ba · 508 sfCondoSold Feb 15, 2026 · 152 DOMMLS® 1014128RE/MAX Camosun
Sold8X represented the buyer$539,888▼ $12 under (0.0%)List $539,900819 Burdett Ave #501, Victoria2 Bd · 2 Ba · 1,128 sfCondoSold Nov 22, 2025 · 59 DOMMLS® 1015086Century 21 Queenswood Realty Ltd.Homes that sold without a public listing, from Land Title Office registrations reported by BC Assessment.
| Address | Home | Registered | Price |
|---|---|---|---|
| 119 Clarence St | House with suite · James Bay | Sep 29, 2026 | $1,300,000 |
| 2650 Forbes St | House · Haultain | Sep 29, 2026 | $1,125,000 |
| 105-827 Fairfield Rd | Condo · Fairfield | Sep 25, 2026 | $536,000 |
| 1202-708 Burdett Ave | Condo · Downtown | Sep 17, 2026 | $990,000 |
| 1250 Fairfield Rd | House · Fairfield | Sep 16, 2026 | $1,025,000 |
Off-market sales: BC Assessment data used under licence.
Dustin Miller is the managing broker of 8X Real Estate. When he's not on the road, he is on his computer looking at real estate. You can often find Dustin at his office enjoying a bowl of won-ton soup.
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