Willis Point 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 Willis Point snapshot
all residential
- Active listings · now
- 6+3 from 3 1YAug '25–Jul '26
- Sales · period
- 5Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- New listings
- 13no change 1YAug '25–Jul '26
- Median days on market
- 37daysn = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Sale-to-list ratio
- 94.0%n = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Over-asking rate
- 20.0%n = 5 sales · Aug '25–Jul '26n = 5 — too few for a % change1 of 5 salesmedian +$101k over askingthin sample · n under 10
- Sale-to-assessed
- 105.5%n = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Months of inventory
- 9.0mon = 2 sales · Aug '25–Jul '26n = 2 — too few for a % changeindicative only
- Median price
- $2.6Mn = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Average price
- $2.5Mn = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Price per sq ft
- $730/sqftn = 5 sales · Aug '25–Jul '26n = 5 — too few for a % changethin sample · n under 10
- Price reductions
- 18.6%+16.9 pts 1YAug '25–Jul '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
Oak Bay$1.55M-10.8%North Saanich$1.52M+5.2%Metchosin$1.35M+0.9%Highlands$1.29Mthin sample · 8 salesCentral Saanich$1.09M-2.7%Saanich$1.05M-3.3%Colwood$924K-0.1%Sidney$847K+0.5%View Royal$828K+0.3%Esquimalt$800K-6.0%Sooke$790K-4.2%Langford$787K+6.7%Victoria$720K-2.2%
median all residential · pooled 3 months · May 2026 – Jul 2026 · change vs prior 3 months · 1 area below 10 sales shown without a trend
macro context
The backdrop
always at native resolution
- 5-yr posted mortgageCanada
- 6.09%unch WoWBoC Valet ·
- 5-yr GoC bond yieldCanada
- 3.23%+1 bp WoWBoC Valet ·
- BC CPI · YoYBritish Columbia
- 2.8%YoY · 2026-06StatCan 18-10-0004 ·
- Victoria unemploymentVictoria CMA
- 5.0%+0.6 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) |
| Vancity | 4.44 | 4.54 | 3.95 | 3.95 |
| First National | 4.49 | 4.54 | 3.70 (lowest) | 3.95 |
| CIBC | 4.59 | 4.94 | 3.95 | 4.10 |
| 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 Willis Point market
Answers update with the market · data as of
Is Willis Point a buyer's or seller's market?
As of the latest data, Willis Point is a buyer's market. There are about 9.0 months of inventory — over 7 months gives buyers the upper hand. Around 20.0% of homes sold above asking, and the typical sale closed at 94.0% of list price. Note this is based on only 5 sales in the period, below the 10-sale minimum 8X uses before publishing a rate of change, so treat it as indicative.
How much does a home cost in Willis Point?
The median sold price for a home in the Willis Point neighbourhood is $2.6M. The average sold price is $2.5M. That works out to roughly $730 per square foot. Note this is based on only 5 sales in the period, below the 10-sale minimum 8X uses before publishing a rate of change, so treat it as indicative.
Are homes in Willis Point selling over asking?
20.0% of homes that sold in the Willis Point neighbourhood closed above their list price. The typical home sold at 94.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$101k over asking.
How long do homes take to sell in Willis Point?
Half of the homes that sold in the Willis Point neighbourhood went under contract within about 37 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 Willis Point?
It depends which side you are on. With about 9.0 months of inventory, the Willis Point neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 37 days to sell — sellers need to price sharply to stand out.
What is the best time of year to sell a home in Willis Point?
Across the past two years, sales activity in the Willis Point neighbourhood has been strongest in June 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 homes are for sale in Willis Point?
As of the latest data there are 6 active home listings in the Willis Point neighbourhood. Over the period, 13 new listings came to market and 5 sold, which is about 9.0 months of inventory at the current sales pace.
Do homes in Willis Point sell for more than their assessed value?
The typical home in the Willis Point neighbourhood sold at 105.5% of its BC-assessed value — about 6% above its BC Assessment. 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.