If you're wondering whether now is a good time to buy or sell a home in Victoria, BC, the August 2026 market statistics offer plenty of useful insight. The region just closed out its strongest
January 2026 Victoria Condo & Home Market Report
Dated: February 3 2026
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January wrapped up with 339 properties sold across the Victoria Real Estate Board region. That’s fewer sales than we saw this time last year and a slight dip from December, which isn’t unusual for the start of the year. Condos and single-family homes both saw slower activity, continuing the more measured pace we’ve been seeing since the post-pandemic frenzy cooled.
What’s different this year is inventory. There are more homes on the market than we’ve had in quite some time, with over 2,600 active listings at the end of January. That extra selection is creating a much healthier environment overall and easing some of the pressure buyers have felt over the past few years.
So what does this mean if you’re buying? January offered more choice and less urgency. Buyers had time to compare options, ask questions, and negotiate—something that hasn’t always been possible in recent years. For sellers, while homes may not be flying off the shelf, the market is still active. The key right now is pricing and preparation. Well-priced, well-presented properties are still selling, and sellers are seeing more predictable outcomes rather than surprise bidding wars or sudden shifts.
Overall, the market is sitting right on the line between balanced and a buyer’s market. It’s important to remember that Victoria isn’t one single market—it’s made up of many smaller neighbourhoods and property types, each behaving a little differently. Some areas are holding steady, while others are clearly favouring buyers.
If you’re thinking about buying or selling this year, understanding how your specific neighbourhood and property type fit into the current market is more important than ever. A local, tailored strategy makes all the difference.
Julia Blackburn
Originally born and raised in Alberta, moving to the West Coast was a dream come true. After traveling around the world, I feel incredibly lucky to call Vancouver Island home and I love helping others....
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