The February 2026 market in Victoria, British Columbia showed a noticeable pickup in activity compared to January, while still trending slightly below the pace seen last year. According to the Victoria Real Estate Board (VREB), a total of 465 properties sold across the region in February, representing an 11.9% decrease compared to February 2025, but a 37.2% increase from January 2026.

Sales Activity

Breaking down the numbers by property type:

• 206 single-family homes sold in February, down 12% from February 2025.
• 154 condominiums sold, a 19.8% decrease year over year.

While year-over-year sales are slightly lower, the strong increase from January suggests the market is beginning to gain momentum as we move toward the traditionally busier spring season.As Fergus Kyne, Chair of the Victoria Real Estate Board, noted:“February’s sales definitely picked up the pace compared with sales from the previous month. Though our sales numbers are lower than they were in 2025, with an over 35 per cent increase month over month, and a very healthy amount of inventory currently available, it will be interesting to see how our spring market unfolds in the upcoming months.”

Inventory Levels Continue to Grow

At the end of February, there were 2,903 active listings on the Multiple Listing Service®, representing:

• 10.6% more listings than January 2026
• 10.4% more listings than February 2025

The increase in inventory is providing buyers with more options while still maintaining relatively balanced conditions.

A Balanced Market Emerging

According to VREB, the local market continues to sit near the threshold between balanced and buyer-friendly conditions. Increased sales activity through February has helped stabilize market dynamics.Kyne adds:“When the market is in balance, it means excellent opportunities exist for buyers and sellers.”Balanced markets typically create healthier conditions overall—buyers have more choice and negotiating power, while sellers can still achieve strong values for well-presented homes.

Victoria Home Prices

The MLS® Home Price Index (HPI) benchmark values show relatively stable pricing compared to last year.Single-Family Homes (Victoria Core)

• February 2025: $1,319,100
• February 2026: $1,307,400
• Change: -0.9% year over year
• Up from January 2026: $1,265,500

Condominiums (Victoria Core)

• February 2025: $549,600
• February 2026: $545,600
• Change: -0.7% year over year
• Up from January 2026: $537,800

Overall, prices remain relatively stable, with modest month-to-month increases suggesting steady demand as we head into spring.

What This Means for Buyers and Sellers

With inventory increasing and activity picking up, the spring market in Victoria is shaping up to be an active one. Balanced conditions mean:

• Buyers have more selection and time to make decisions.
• Sellers can still achieve strong prices with the right preparation and pricing strategy.

If you’re considering buying or selling in Victoria, British Columbia, spring is often one of the best times to enter the market. Planning early can help you take advantage of the seasonal increase in activity.