Florence Lake condo market — prices, sold data & trends
trend explorer
How the market moved
interactive 24-mo series
market state
The current Florence Lake snapshot
condo
price
- Sale-to-assessed
- 96.5%−2.9 pts 1Yn = 30 sales · Oct '25–Sep '26
- Median price
- $517K−10.7% 1Yn = 45 sales · Oct '25–Sep '26
- Average price
- $494K−10.9% 1Yn = 45 sales · Oct '25–Sep '26
- Price per sq ft
- $590/sqft−1.3% 1Yn = 45 sales · Oct '25–Sep '26
demand side
- Sales · period
- 45+12.5% 1YOct '25–Sep '26
- Median days on market
- 36days+1.3% 1Yn = 45 sales · Oct '25–Sep '26
- Sale-to-list ratio
- 99.1%−0.2 pts 1Yn = 45 sales · Oct '25–Sep '26
- Over-asking rate
- 6.7%−12.2 pts 1Yn = 45 sales · Oct '25–Sep '263 of 45 salesmedian +$10.5k over asking
supply side
- Active listings · now
- 44+100.0% 1YOct '25–Sep '26
- New listings
- 126+27.3% 1YOct '25–Sep '26
- Months of inventory
- 11.0mo+5.5% 1Yn = 12 sales · Oct '25–Sep '26
- Price reductions
- 12.4%+1.1 pts 1YOct '25–Sep '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 condo
median condo · pooled 3 months · Jul 2026 – Sep 2026 · change vs prior 3 months · 2 areas below 10 sales shown without a trend · 2 with no sales in the window
macro context
The backdrop
always at native resolution
- 5-yr posted mortgageCanada
- 6.09%unch WoWBoC Valet ·
- 5-yr GoC bond yieldCanada
- 3.05%−15 bp WoWBoC Valet ·
- BC CPI · YoYBritish Columbia
- 2.2%coolingStatCan 18-10-0004 ·
- Victoria unemploymentVictoria CMA
- 4.6%+0.2 ptsStatCan LFS 14-10-0459 ·
- Net non-perm. residentsVictoria CMA
- +8,4002025StatCan 17-10-0014 ·
- Victoria CMA populationVictoria CMA
- 432.1K+2.1% YoYStatCan 17-10-0148 ·
mortgage money
What borrowing costs
BC · 5-yr term weekly capture · not live
The posted rate is an administered benchmark — it prices penalties and stress tests, not mortgages. Real 5-yr fixed money is ~1.6 points cheaper.
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.
| 5-yr fixed | 5-yr variable | |||
|---|---|---|---|---|
| lender | under 20% | 20%+ | under 20% | 20%+ |
| Coast Capital | 4.49 (lowest) | 4.79 (lowest) | 3.69 (lowest) | 3.84 (lowest) |
| Vancity | 4.84 | 4.84 | 3.95 | 3.95 |
| First National | 4.99 | 5.04 | 3.70 | 3.95 |
| CIBC | 4.99 | 5.34 | 4.05 | 4.20 |
| BMO | 4.99 | 5.14 | 4.10 | 4.10 |
| RBC | 5.14 | 5.14 | 4.15 | 4.15 |
| TD | 5.34 | 5.34 | 4.24 | 4.24 |
5-yr fixed with under 20% down runs 4.49 (Coast Capital) to 5.34 (TD) — 85 bp between banks on the same borrower.
Green = lowest in column. Tracked lenders without a published BC quote today are not shown.
Rates via WOWA.ca · advertised rates from lenders 8X clients can be placed with · captured
From registration to completion
sequential stages · Greater VictoriaStage vintages differ from the MLS figures above and from each other — each stage carries its own as-of date. Source bundle refreshed 12 Oct 2026.
rental market
What it rents for
Victoria CMA asking rents
No rental data yet
Asking rents and vacancy for the Victoria CMA will land here once the feed is wired. Nothing is estimated in the meantime.
Methodology — sources and resolution contract
Full methodology & metric definitionsFlorence Lake condos sold prices & market statistics — September 2026
Over the last 3 months (Jul–Sep 2026), Florence Lake condos had a median sold price of $498,950 across 12 sales — down 1.2% from Apr–Jun 2026 and down 8.6% from Jul–Sep 2025. Condos sold in a median of 28 days on market, at 99.8% of list price and 90.9% of assessed value. The average sold price was $466,025.
| Period | Sales | Median price | Average price | Median days on market | Sale-to-list | Sale-to-assessed | Sold over asking | Median vs prior period | Median vs year ago |
|---|---|---|---|---|---|---|---|---|---|
| Month September 2026 | 2 | — | — | — | — | — | — | — | — |
| 3 months Jul–Sep 2026 | 12 | $498,950 | $466,025 | 28 days | 99.8% | 90.9% | 0.0% | −1.2% | −8.6% |
| 6 months Apr–Sep 2026 | 25 | $499,900 | $477,512 | 33 days | 99.1% | 96.7% | 4.0% | — | −10.0% |
| 12 months Oct 2025–Sep 2026 | 45 | $517,400 | $493,867 | 36 days | 99.1% | 96.5% | 6.7% | — | −7.6% |
| Year to date Jan–Sep 2026 | 33 | $509,900 | $483,730 | 33 days | 99.0% | 96.7% | 3.0% | — | −9.3% |
Florence Lake sales by quarter
| Quarter | Sales | Average price | Median price |
|---|---|---|---|
| Q3 2026 | 12 | $466,025 | $498,950 |
| Q2 2026 | 13 | $488,115 | — |
| Q1 2026 | 8 | $503,162 | — |
| Q4 2025 | 12 | $521,742 | — |
| Q3 2025 | 12 | $533,292 | — |
| Q2 2025 | 14 | $557,029 | — |
| Q1 2025 | 6 | $602,417 | — |
| Q4 2024 | 8 | $548,469 | — |
Florence Lake sales by year
| Year | Sales | Average price |
|---|---|---|
| 2025 | 44 | $547,121 |
Florence Lake sold prices by month
| Month | Sales | Median price | Average price | Median days on market | Sale-to-list | Sale-to-assessed |
|---|---|---|---|---|---|---|
| Sep 2026 | 2 | — | — | — | — | — |
| Aug 2026 | 4 | $513,950 | $475,700 | 23 | 99.2% | 87.3% |
| Jul 2026 | 6 | $454,900 | $458,283 | 32 | 99.5% | 96.8% |
| Jun 2026 | 6 | $529,900 | $507,267 | 37 | 99.6% | 97.0% |
| May 2026 | 4 | $405,000 | $432,474 | 41 | 98.9% | 96.9% |
| Apr 2026 | 3 | $545,000 | $524,000 | 36 | 99.1% | 98.1% |
| Mar 2026 | 6 | $531,200 | $513,383 | 32 | 98.5% | 98.4% |
| Feb 2026 | 2 | — | — | — | — | — |
| Jan 2026 | 0 | — | — | — | — | — |
| Dec 2025 | 2 | — | — | — | — | — |
| Nov 2025 | 4 | $471,950 | $475,950 | 49 | 99.3% | 95.2% |
| Oct 2025 | 6 | $590,450 | $564,450 | 51 | 100.0% | 96.1% |
| Sep 2025 | 5 | $539,000 | $529,680 | 69 | 98.1% | 100.0% |
| Aug 2025 | 3 | $544,000 | $546,600 | 31 | 100.0% | 99.3% |
| Jul 2025 | 4 | $554,450 | $527,825 | 32 | 99.2% | 98.7% |
| Jun 2025 | 7 | $570,000 | $547,058 | 28 | 101.8% | 98.1% |
| May 2025 | 5 | $550,000 | $556,500 | 28 | 98.4% | 100.0% |
| Apr 2025 | 2 | — | — | — | — | — |
| Mar 2025 | 3 | $620,000 | $598,667 | 46 | 98.4% | 100.2% |
| Feb 2025 | 2 | — | — | — | — | — |
| Jan 2025 | 1 | — | — | — | — | — |
| Dec 2024 | 1 | — | — | — | — | — |
| Nov 2024 | 4 | $539,000 | $523,250 | 31 | 98.3% | 94.2% |
| Oct 2024 | 3 | $520,000 | $566,583 | 84 | 98.2% | 108.2% |
8X Real Estate analysis of MLS® sales (Victoria Real Estate Board). Aggregates only; medians unless stated. Figures from fewer than 3 sales are withheld; changes need at least 10 sales in both periods. Ratio changes are in percentage points. Updated 2026-10-14.
What buyers & sellers ask about the Florence Lake market
Answers update with the market · data as of
Is Florence Lake a buyer's or seller's market?
How much does a condo cost in Florence Lake?
Are condos in Florence Lake selling over asking?
How long do condos take to sell in Florence Lake?
Are home prices going up or down in Florence Lake?
Is now a good time to buy or sell in Florence Lake?
What is the best time of year to sell a home in Florence Lake?
How many condos are for sale in Florence Lake?
Do condos in Florence Lake sell for more than their assessed value?
Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.