17 Mile real estate market — prices, sold data & trends
all residential · data as of
Live
trend explorer
How the market moved
interactive 24-mo series
market state
The current 17 Mile snapshot
all residential
- Active listings · now
- 4+1 from 3 1YSep '25–Aug '26
- Sales · period
- 3Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- New listings
- 13+7 from 6 1YSep '25–Aug '26
- Median days on market
- 56daysn = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Sale-to-list ratio
- 96.4%n = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Over-asking rate
- 33.3%n = 3 sales · Sep '25–Aug '26n = 3 — too few for a % change1 of 3 salesmedian +$27.2k over askingindicative only
- Sale-to-assessed
- 86.7%n = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Months of inventory
- 4.0mon = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Median price
- $822Kn = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Average price
- $819Kn = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Price per sq ft
- $399/sqftn = 3 sales · Sep '25–Aug '26n = 3 — too few for a % changeindicative only
- Price reductions
- 11.3%−14.5 pts 1YSep '25–Aug '26
Repliers MLS · BC Assessment · 8X derived · pooled over · figures below 10 sales carry no percentage change
by municipality
Across the region
13 municipalities median all residential
Metchosin$1.6M+11.6%North Saanich$1.57M+6.9%Oak Bay$1.49M-14.8%Highlands$1.24M-2.5%Central Saanich$1.08M-4.5%Saanich$1.05M-2.1%Colwood$918K-5.1%Sidney$858K+0.3%View Royal$812K-3.2%Sooke$798K-0.9%Esquimalt$788K-2.7%Langford$765K+4.8%Victoria$723K-1.9%
median all residential · pooled 3 months · Jun 2026 – Aug 2026 · change vs prior 3 months
macro context
The backdrop
always at native resolution
- 5-yr posted mortgageCanada
- 6.09%unch WoWBoC Valet ·
- 5-yr GoC bond yieldCanada
- 3.48%+13 bp WoWBoC Valet ·
- BC CPI · YoYBritish Columbia
- 2.9%YoY · 2026-07StatCan 18-10-0004 ·
- Victoria unemploymentVictoria CMA
- 5.3%+0.3 pts MoMStatCan LFS 14-10-0459 ·
- Net non-perm. residentsVictoria CMA
- −1,2222024StatCan 17-10-0014 ·
- Victoria CMA populationVictoria CMA
- 445.1K+0.7% YoYStatCan 17-10-0148 ·
Mortgage money · BC · 5-yr termweekly capture · not live
Posted vs street · what buyers actually payBritish Columbia
4.04%
street 5-yr fixed · Coast Capital
−2.05 pts vs posted
6.09%
BoC posted · administered
The posted rate is an administered benchmark — it prices penalties and stress tests, not mortgages. Real 5-yr fixed money is ~2.0 points cheaper.
5-yr fixed · best of 7 lenders
Less than 20% down· insured
4.04%
best today · Coast Capital
20% or more down· uninsured
4.44%
best today · Coast Capital
5-yr variable · best of 7 lenders
Less than 20% down· insured
3.70%
best today · First National
20% or more down· uninsured
3.94%
best today · Coast Capital
victoria lens · The typical detached purchase here — $1M+ with 20% down — prices in the 20% or more down(uninsured) column, and $1M+ files can’t be bulk-insured, so a real quote can land a touch above it. A sub-$1M condo with 20% down can price a touch below it.
Who quotes what · by lender7 of 10 tracked lenders quote BC today
| 5-yr fixed | 5-yr variable | |||
|---|---|---|---|---|
| lender | under 20% | 20%+ | under 20% | 20%+ |
| Coast Capital | 4.04 (lowest) | 4.44 (lowest) | 3.79 | 3.94 (lowest) |
| CIBC | 4.59 | 4.94 | 3.95 | 4.10 |
| First National | 4.64 | 4.69 | 3.70 (lowest) | 3.95 |
| Vancity | 4.69 | 4.69 | 3.95 | 3.95 |
| BMO | 4.74 | 4.84 | 4.10 | 4.10 |
| TD | 4.84 | 4.84 | 4.24 | 4.24 |
| RBC | 4.89 | 4.89 | 3.95 | 3.95 |
5-yr fixed with under 20% down runs 4.04 (Coast Capital) to 4.89 (RBC) — 85 bp between banks on the same borrower.
Green = lowest in column. Tracked lenders without a published BC quote today are not shown.
Weekly track · 20%+ down · 5-yrfixedvariable
4.443.94
Rates via WOWA.ca · advertised rates from lenders 8X clients can be placed with · captured
Supply pipeline
From registration to completion
sequential stages · Greater VictoriaRegistrations
no data feed
—
BC Housing new-home registrations — no machine-readable feed
Permits
BC Stats · CMA
979 /12 mo
units over the trailing 12 months (flow)
Starts
CMHC SCSS · CMA
61 /mo
units in the month (flow), June 2026
Under construction
CMHC SCSS · CMA
8,951 standing
units standing (stock), June 2026
Completions
CMHC SCSS · CMA
204 /mo
units in the month (flow), June 2026
Stage vintages differ from the MLS figures above and from each other — each stage carries its own as-of date. Source bundle refreshed 12 Aug 2026.
rental market
What it rents for
Victoria CMA asking rents
Asking rents & vacancy (Victoria CMA) · coming soon
Methodology — sources and resolution contract
Full methodology & metric definitionscommon questions
What buyers & sellers ask about the 17 Mile market
Answers update with the market · data as of
Is 17 Mile a buyer's or seller's market?
As of the latest data, 17 Mile is a balanced market. There are about 4.0 months of inventory — 4 to 7 months is considered balanced. Around 33.3% of homes sold above asking, and the typical sale closed at 96.4% of list price. These figures rest on just 3 recorded sales in the period, which is too few to describe a market — read them as indicative only.
How much does a home cost in 17 Mile?
The median sold price for a home in the 17 Mile neighbourhood is $822K. The average sold price is $819K. That works out to roughly $399 per square foot. These figures rest on just 3 recorded sales in the period, which is too few to describe a market — read them as indicative only.
Are homes in 17 Mile selling over asking?
33.3% of homes that sold in the 17 Mile neighbourhood closed above their list price. The typical home sold at 96.4% of asking — just under list. Among the homes that sold over asking, the median premium was +$27.2k over asking.
How long do homes take to sell in 17 Mile?
Half of the homes that sold in the 17 Mile neighbourhood went under contract within about 56 days — the median days on market. A longer time on market gives buyers more negotiating room.
Is now a good time to buy or sell in 17 Mile?
It depends which side you are on. With about 4.0 months of inventory, the 17 Mile neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 56 days to sell, so both sides have room to negotiate on price and terms.
What is the best time of year to sell a home in 17 Mile?
Across the past two years, sales activity in the 17 Mile neighbourhood has been strongest in July and quietest in September. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.
How many homes are for sale in 17 Mile?
As of the latest data there are 4 active home listings in the 17 Mile neighbourhood. Over the period, 13 new listings came to market and 3 sold, which is about 4.0 months of inventory at the current sales pace.
Do homes in 17 Mile sell for more than their assessed value?
The typical home in the 17 Mile neighbourhood sold at 86.7% of its BC-assessed value — below its assessed value. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.
Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.