Metchosin House Market Stats — Sold Prices & Trends

trend explorer

How the market moved

interactive 24-mo series

market state

The current Metchosin snapshot

single family

price

Sale-to-assessed: 98.7%
−43.5 pts 1Y
n = 15 sales · Sep '25–Aug '26
Median price: $1.4M
−18.3% 1Y
n = 15 sales · Sep '25–Aug '26
Average price: $1.34M
−17.9% 1Y
n = 15 sales · Sep '25–Aug '26
Price per sq ft: $493/sqft
−0.2% 1Y
n = 15 sales · Sep '25–Aug '26

demand side

Sales · period: 15
+25.0% 1Y
Sep '25–Aug '26
Median days on market: 21days
−25.3% 1Y
n = 15 sales · Sep '25–Aug '26
Sale-to-list ratio: 95.6%
+0.1 pts 1Y
n = 15 sales · Sep '25–Aug '26
Over-asking rate: 26.7%
+6.6 pts 1Y
n = 15 sales · Sep '25–Aug '26
4 of 15 sales
median +$10k over asking

supply side

Active listings · now: 5
−2 from 7 1Y
Sep '25–Aug '26
New listings: 27
no change 1Y
Sep '25–Aug '26
Months of inventory: 5.0mo
n = 3 sales · Sep '25–Aug '26
n = 3 — too few for a % change
indicative only
Price reductions: 20.6%
+11.9 pts 1Y
Sep '25–Aug '26

Repliers MLS · BC Assessment · 8X derived · pooled over September 2025 – August 2026 · figures below 10 sales carry no percentage change

by municipality

Across the region

13 municipalities median single family

Metchosin$1.6M+11.6%North Saanich$1.6M+6.1%Oak Bay$1.57M-8.9%Central Saanich$1.24M-3.7%Highlands$1.24M-2.5%Victoria$1.2M+8.8%Saanich$1.2M-3.7%View Royal$1.15M+5.4%Esquimalt$1.14M+0.2%Colwood$1.05M-7.7%Sidney$1.03M+2.8%Langford$1.03M-0.3%Sooke$856K+0.2%

median single family · 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 WoW
BoC Valet · 2026-09
5-yr GoC bond yieldCanada: 3.63%
+21 bp WoW
BoC Valet · 2026-09
BC CPI · YoYBritish Columbia: 2.9%
YoY · 2026-07
StatCan 18-10-0004 · 2026-07
Victoria unemploymentVictoria CMA: 5.3%
+0.3 pts MoM
StatCan LFS 14-10-0459 · 2026-08
Net non-perm. residentsVictoria CMA: −1,222
2024
StatCan 17-10-0014 · 2024-01
Victoria CMA populationVictoria CMA: 445.1K
+0.7% YoY
StatCan 17-10-0148 · 2025-07

mortgage money

What borrowing costs

BC · 5-yr term weekly 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-year mortgage rate quotes by lender, British Columbia, captured Sep 6, 2026. Lowest quote per column is marked.
lender	under 20%	20%+	under 20%	20%+
	5-yr fixed		5-yr variable
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 Sep 6, 2026

Supply pipeline

From registration to completion

sequential stages · Greater Victoria

Registrations

no data feed

—

BC Housing new-home registrations — no machine-readable feed

Permits

BC Stats · CMA

984 /12 mo

units over the trailing 12 months (flow)

Starts

CMHC SCSS · CMA

166 /mo

units in the month (flow), July 2026

Under construction

CMHC SCSS · CMA

8,683 standing

units standing (stock), July 2026

Completions

CMHC SCSS · CMA

433 /mo

units in the month (flow), July 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 Sep 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.

Full methodology & metric definitions

common questions

What buyers & sellers ask about the Metchosin market

Answers update with the market · data as of Aug 2026

Is Metchosin a buyer's or seller's market?

As of the latest data, Metchosin is a balanced market. There are about 5.0 months of inventory — 4 to 7 months is considered balanced. Around 26.7% of houses sold above asking, and the typical sale closed at 95.6% of list price.

How much does a house cost in Metchosin?

The median sold price for a house in the Metchosin neighbourhood is $1.4M, down 18.3% from a year ago. The average sold price is $1.34M. That works out to roughly $493 per square foot.

Are houses in Metchosin selling over asking?

26.7% of houses that sold in the Metchosin neighbourhood closed above their list price. The typical home sold at 95.6% of asking — just under list. Among the homes that sold over asking, the median premium was +$10k over asking.

How long do houses take to sell in Metchosin?

Half of the houses that sold in the Metchosin neighbourhood went under contract within about 21 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Metchosin?

Median sold prices in the Metchosin neighbourhood are down 18.3% year over year, at $1.4M. Currently 20.6% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Metchosin?

It depends which side you are on. With about 5.0 months of inventory, the Metchosin neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 21 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 Metchosin?

Across the past two years, sales activity in the Metchosin neighbourhood has been strongest in September and quietest in December. 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 houses are for sale in Metchosin?

As of the latest data there are 5 active house listings in the Metchosin neighbourhood. Over the period, 27 new listings came to market and 15 sold, which is about 5.0 months of inventory at the current sales pace.

Do houses in Metchosin sell for more than their assessed value?

The typical home in the Metchosin neighbourhood sold at 98.7% 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.

5-year mortgage rate quotes by lender, British Columbia, captured Sep 6, 2026. Lowest quote per column is marked.
	5-yr fixed	5-yr variable
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

5-yr variable

lender

under 20%

20%+

under 20%

20%+

Coast Capital

4.04

4.44

3.79

3.94

CIBC

4.59

4.94

3.95

4.10

First National

4.64

4.69

3.70

3.95

Vancity

4.69

3.95

BMO

4.74

4.84

4.10

4.84

4.24

RBC

4.89

3.95

Metchosin house market — prices, sold data & trends

How the market moved

The current Metchosin snapshot

price

demand side

supply side

Across the region

The backdrop

What borrowing costs

From registration to completion

What it rents for

What buyers & sellers ask about the Metchosin market

Metchosin house market — prices, sold data & trends

How the market moved

The current Metchosin snapshot

price

demand side

supply side

Across the region

The backdrop

What borrowing costs

From registration to completion

What it rents for

What buyers & sellers ask about the Metchosin market

How the market moved

The current Metchosin snapshot

price

demand side

supply side

Across the region

The backdrop

What borrowing costs

From registration to completion

What it rents for

Methodology — sources and resolution contract

What buyers & sellers ask about the Metchosin market

How the market moved

The current Metchosin snapshot

price

demand side

supply side

Across the region

The backdrop

What borrowing costs

From registration to completion

What it rents for

Methodology — sources and resolution contract

What buyers & sellers ask about the Metchosin market