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The Victoria real estate market — Aug 2026
- Reference price (Aug 2026)
- $1,301,800 (-0.6%)
- Sales (Aug 2026)
- 591 transactions (+12.6%)
- Single-family
- $1,301,800 (-0.6%)
- Condo
- $553,600 (+0.9%)
Victoria is British Columbia's capital and the largest city on Vancouver Island, a government and university town with the mildest climate in Canada and a housing market priced accordingly.
In August 2026, the MLS® benchmark price in Victoria stood at $1,301,800, down 0.6% year over year. By property type: single-family $1,301,800 (−0.6%) and condo $553,600 (+0.9%). There were 591 sales during the month, 12.6% more than a year earlier. Source: Victoria Real Estate Board (VREB), August 2026.
The Victoria Real Estate Board reports separate benchmarks for the Victoria Core, which covers the central municipalities, and for Greater Victoria, a wider area that takes in the region around them. Which number applies depends entirely on where you are looking: the Core is the dearer of the two for the same nominal property type.
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Frequently asked questions
Is Victoria a buyer's or seller's market right now?
Months of inventory — the figure used to call a buyer's or seller's market — is not available for Victoria (August 2026), so Payotte does not call it either way rather than guess. In August 2026, the MLS® benchmark price in Victoria stood at $1,301,800, down 0.6% year over year. Source: Victoria Real Estate Board (VREB), August 2026.
How much does a house cost in Victoria in 2026?
In August 2026, the MLS® benchmark price in Victoria stood at $1,301,800, down 0.6% year over year. By property type: single-family $1,301,800 (−0.6%) and condo $553,600 (+0.9%). Source: Victoria Real Estate Board (VREB), August 2026.
What is the difference between Victoria Core and Greater Victoria?
The Core covers the central municipalities; Greater Victoria takes in the wider region around them. It matters for price: single-family benchmarks are higher in the Core than across Greater Victoria for the same nominal property type, so check which area a quoted figure refers to.
What do condominiums cost in Victoria compared with houses?
In August 2026, in Victoria, by property type: single-family $1,301,800 (−0.6%) and condo $553,600 (+0.9%). Source: Victoria Real Estate Board (VREB), August 2026.
How active is the Victoria market compared with last year?
In August 2026, there were 591 sales in Victoria, 12.6% more than a year earlier. Source: Victoria Real Estate Board (VREB), August 2026.
Source : Victoria Real Estate Board (VREB) · « Victoria Core » du territoire VREB (repère unifamilial). Le Grand Victoria est plus large. · 2026-08 — figures updated with each board release.
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Other cities in British Columbia
- Vancouver — 8 sectors
- Surrey — 6 sectors
- Richmond — 1 sector
- Abbotsford — 1 sector
- Coquitlam — 1 sector
- Kelowna — 1 sector
- Prince George — 1 sector
- Kamloops — 1 sector
- Nanaimo — 1 sector