Dallas King, Personal Real Estate Corporation
Greater Victoria · October 2026 edition

Victoria tipped into a buyer’s market.

September’s numbers, explained in plain language. What they mean if you’re buying, selling or moving here. Seven pages, free, every month.

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The month in four numbers

Fewer buyers, more choice, prices easing.

Homes sold
463
▼ 16.4% on last September
Core house benchmark
$1,280,100
▼ 2.0%, down $21,700 since August
Months of supply
~6.8
▲ from 5.4. Past the line into a buyer’s market
Sale to list, houses
98%
Unchanged. Well priced houses still sell

Source: Victoria Real Estate Board, September 2026 vs September 2025, released October 1, 2026. Sales are all property types. Months of supply calculated: 2,968 residential homes for sale ÷ 438 residential sales.

Oak Bay Village, Victoria
What a budget buys

Benchmark prices by area

Oak Bay house$1,726,800
Victoria core house$1,280,100
Colwood house$1,080,800
Langford house$1,051,100
Core townhouse$829,400
Core condo$547,800

MLS® HPI benchmark prices, VREB, September 2026. Every area is below a year ago.

Inside the October report

Seven pages. The numbers, then what to do about them.

Most market updates stop at the numbers. This one tells you what they mean for your next move, including the parts you may not want to hear.

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  1. 01
    September in one lineThe headline, and the three numbers behind it.
  2. 02
    The month in one pageBenchmarks, sales, listings, inventory, days to sell and sale to list, against last year.
  3. 03
    What’s actually happeningWhy houses and townhouses are moving in opposite directions, community by community.
  4. 04
    If you’re buyingWhere your leverage is, and how to use it on terms, not just price.
  5. 05
    If you’re sellingThe honest part first: pricing off a summer sale won’t work.
  6. 06
    If you’re moving hereWhat the same budget buys from Oak Bay to Langford.
  7. 07
    Rates, real costs, and my takeMonthly payments on a typical core condo, townhouse and house, and my call for October.
Find your page

Same market. Three very different months.

For buyers

If you’re buying

▲ 39%
Townhouses for sale vs last year

Townhouse sales fell 26% while the number for sale rose 39%. That’s room to ask for the conditions you need, not just a lower price.

Your moveGet fully pre-approved, then negotiate on terms, not just price.
For sellers

If you’re selling

43 days
For a house to sell, same as last year

Detached listings are still down 7%, so house owners face less competition. Condos now take 56 days, up from 47.

Your movePrice to September’s comparables. Fix what buyers see.
For newcomers

If you’re moving here

$1,051,100
Langford house benchmark

Walkable Victoria stops about ten minutes out of downtown, and most of the region is a driving region. Choose how you want to live first, then the price.

Your movePick two or three areas that fit your life, then compare what the same budget buys in each.

Source: Victoria Real Estate Board, September 2026 release. Benchmarks are MLS® HPI single family unless noted.

My take
“One month doesn’t make a trend, but buyers have the room right now.”
Dallas King

Every report ends with my call for the month ahead, and the next one checks it. Last month I got one right and one wrong, and the report says which.

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Dallas King
Who writes it

A Victoria local who explains the mechanism.

I was born and raised in Greater Victoria. I spent twenty years in millwork and renovation before a decade selling here, so I read a market the way I read a house: what’s actually going on underneath, and what it costs you. The report is the same thing I’d tell you across a kitchen table.

★★★★★

“I have been dealing with Dallas for many years. I do not give recommendations easily. Man of his word and quick with answers, even if it’s not the one you want.”

Brian Rados Repeat client
★★★★★

“We had an excellent experience working with Dallas. He guided us through a tough negotiation with confidence, professionalism, and real skill, always advocating for our best interests. We truly don’t think the deal would have gone through without him.”

Matthew Bowes Buyer
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