Let's look at the numbers. Victoria offers unparalleled urban living with heritage character and ocean access. Here's what buyers need to know.
True car-free lifestyle with world-class restaurants, culture, and services within walking distance. Downtown Victoria offers urban convenience unmatched in BC.
Stunning Edwardian and Victorian architecture, mature tree canopies, and neighbourhood charm you won't find in newer BC cities.
Waterfront trails, beaches, kayaking, and sailing integrated into daily life. Dallas Road, Beacon Hill Park, and ocean views everywhere.
Provincial capital with stable government jobs, thriving tech sector, tourism industry, and CFB Esquimalt provide diverse careers.
Warmest winters in Canada with minimal snow. Year-round outdoor activities and significantly reduced heating costs.
Ocean on three sides limits new development. Heritage preservation supports long-term property values in established neighbourhoods.
Median square footage for single-family homes sold between $950,000 - $1,050,000
Source: Victoria Real Estate Board MLS®, Last 12 months (2025)
For the same $1 million budget, Victoria/Vic West gives you 1,779 sq ft with walkable urban living vs 2,133 sq ft in Langford (2,133 sq ft). You trade space for car-free lifestyle, heritage character, and ocean access. The trade-off? Less square footage and smaller lots. But if walkability, cycling infrastructure, and urban amenities matter more than space, Victoria wins.
Our buyer agency service includes neighbourhood tours, heritage home evaluation, new construction guidance, and negotiation strategy for Victoria properties.
Learn about buyer representationVictoria has limited inventory. Professional MLS marketing with data-driven pricing, premium photography, and strategic positioning helps your home stand out.
Learn about our marketingVictoria offers unparalleled urban living with heritage character. But you need expert guidance. Whether it's walkable downtown or family-friendly Oaklands, Victoria is BC's capital for a reason.
Browse Victoria Listings →Based on 1,411 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 969 condo, 137 townhouse, and 305 single-family sales | January 2025 - January 2026
| PRICE RANGE | VOLUME | MEDIAN SIZE | $/SQ FT | TYPICAL CONFIGURATION |
|---|---|---|---|---|
| Under $900K | 47 sales (15.4%) |
1,435 sq ft | $627/sq ft | 2-3 bed / 1-2 bath Entry-level & older homes |
| $900K - $1.2M | 76 sales (24.9%) |
1,806 sq ft | $544/sq ft | 3-4 bed / 2 bath Family homes, character |
| $1.2M - $1.5M | 69 sales (22.6%) |
2,018 sq ft | $644/sq ft | 3-4 bed / 2-3 bath Updated homes, good areas |
| $1.5M - $2M | 63 sales (20.7%) |
2,478 sq ft | $671/sq ft | 4-5 bed / 3 bath Premium finishes, Fairfield |
| Over $2M | 50 sales (16.4%) |
3,412 sq ft | $689/sq ft | 4-6 bed / 4+ bath Luxury, Rockland, waterfront |
| PRICE RANGE | VOLUME | MEDIAN SIZE | $/SQ FT | TYPICAL CONFIGURATION |
|---|---|---|---|---|
| Under $400K | 155 sales (16.0%) |
425 sq ft | $827/sq ft | Studio / 1 bed / 1 bath Entry-level, downtown |
| $400K - $600K | 384 sales (39.6%) |
672 sq ft | $759/sq ft | 1 bed / 1 bath Modern buildings, good layouts |
| $600K - $800K | 240 sales (24.8%) |
872 sq ft | $812/sq ft | 2 bed / 1-2 bath Larger units, premium buildings |
| $800K - $1.2M | 128 sales (13.2%) |
1,134 sq ft | $831/sq ft | 2 bed / 2 bath Waterfront, luxury amenities |
| Over $1.2M | 62 sales (6.4%) |
1,654 sq ft | $982/sq ft | 2-3 bed / 2-3 bath Penthouse, harbour views |
| PRICE RANGE | VOLUME | MEDIAN SIZE | $/SQ FT | TYPICAL CONFIGURATION |
|---|---|---|---|---|
| Under $700K | 25 sales (18.2%) |
1,003 sq ft | $648/sq ft | 2 bed / 2 bath Entry-level, smaller units |
| $700K - $900K | 59 sales (43.1%) |
1,296 sq ft | $617/sq ft | 2-3 bed / 2-3 bath Family-sized, good areas |
| $900K - $1.1M | 29 sales (21.2%) |
1,363 sq ft | $718/sq ft | 2-3 bed / 3 bath Updated, premium areas |
| $1.1M - $1.4M | 15 sales (10.9%) |
1,777 sq ft | $661/sq ft | 3 bed / 3 bath Larger units, waterfront |
| Over $1.4M | 9 sales (6.6%) |
2,542 sq ft | $685/sq ft | 3+ bed / 4 bath Luxury, Songhees, Rockland |
Condos represent 69% of all Victoria sales. This reflects urban density and buyer preference for location over space. Downtown, James Bay, and Songhees offer the strongest condo markets with the widest selection.
Single-family homes move in 21 days median vs 32 for condos. Well-priced homes in Oaklands, Fernwood, and Fairfield often receive multiple offers within the first week of listing.
Fairfield and Rockland homes command $700-900/sq ft despite 1900s-1920s construction. Buyers pay premium for location, walkability, tree-lined streets, and architectural character over modern construction.
Downtown provides 387 condo sales (27% of market). From $255K studios to $2.6M penthouses, downtown offers options across all price points with the most diverse inventory in Greater Victoria.
Vic West delivers 10-20% savings vs Fairfield/James Bay with 138 sales (9.8% of market). 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 policies and neighbourhood character protection create limited new supply, supporting long-term value appreciation in established areas.
