Victoria BC Real Estate Market 2026
465 sales · $1,134,600 SFH benchmark · buyers market — January 2026 VREB data
Last updated: January 2026
The Greater Victoria real estate market recorded 465 sales in January 2026, with 2,903 active listings and a sales-to-active ratio of 14.9% — a buyers market. The HPI benchmark price for a single family home across the Victoria Real Estate Board area is $1,134,600, 1.7% below January 2025. Condos benchmark at $537,300, 1.5% below year-over-year.
Total Sales
465
Active Listings
2,903
Sales-to-Active
14.9%
Market Condition
Buyers
Sales-to-Active Ratio Guide
Below 12% — buyers market · 12 to 20% — balanced · Above 20% — sellers market
January is typically Victoria's slowest month for sales volume. The sales-to-active ratio of 14.9% places Greater Victoria in buyers territory entering 2026, consistent with elevated inventory levels seen through the second half of 2025. For full monthly updates, see our VREB monthly report.
“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. Last month we reported how the market rested on the threshold between balanced and a buyer’s market, Over the course of February, more activity led to increased sales which has helped to balance market conditions. When the market is in balance, it means excellent opportunities exist for buyers and sellers. If you’ve been waiting for the spring to start your home sale or search, now is a great time to connect with a local Victoria REALTOR® to start planning.”
Home Prices in Victoria by Property Type (2026)
Single Family Homes
N/A
avg sale price
vs N/A last year
N/A sold (vs N/A last year)
Sell/list ratio: N/A%
HPI Benchmark: $1,134,600
Condos
N/A
avg sale price
vs N/A last year
N/A sold (vs N/A last year)
Sell/list ratio: N/A%
HPI Benchmark: $537,300
Townhouses
N/A
avg sale price
vs N/A last year
N/A sold (vs N/A last year)
Sell/list ratio: N/A%
Average sale prices reflect actual transaction data. HPI benchmark prices are standardised to remove compositional effects and provide a more consistent measure of price change. Source: Victoria Real Estate Board January 2026
Victoria Benchmark Home Prices by Neighbourhood (January 2026)
The table below shows HPI benchmark prices for single family homes across Greater Victoria areas, with year-over-year and month-over-month changes.
HPI = Home Price Index. Benchmarks represent a typical home in each area, adjusted for composition. Source: VREB January 2026. For neighbourhood-level market stats, see our neighbourhood guides.
Sales Activity in Victoria (January 2026)
Greater Victoria recorded 465 total sales in January 2026, with single family homes down 14% from 147 sales in January 2025. Single family homes accounted for 127 of 433 residential sales. Active inventory stands at 2,903 listings, up from the prior year for single family homes alone.
The 98% sale-to-list price ratio for single family homes means sellers are achieving close to asking price on average. Combined with 55 average days on market, this suggests a measured pace giving buyers time for due diligence. For a neighbourhood-by-neighbourhood breakdown of days on market, see our how long to sell guide.
Vancouver Island Real Estate Market (VIREB)
Beyond Greater Victoria, the Vancouver Island Real Estate Board (VIREB) tracks the broader island market.
Total Sales
162
Active Listings
2,026
Sales-to-Active
8%
Market Condition
Buyers
VIREB's 8% sales-to-active ratio indicates a buyers market across Vancouver Island, consistent with Greater Victoria conditions. For full Vancouver Island data, see our VIREB monthly report.
Victoria Real Estate Market Outlook
The board-wide SFH benchmark of $1,134,600 is 1.7% below January 2025, and 22% above the five-year-ago benchmark of $929K. The long-term trajectory remains strongly positive even as short-term figures show modest softening in some areas.
With 2,903 active listings and a 14.9% sales-to-active ratio, buyers currently have more selection than the 2021 to 2022 peak market. This is consistent with a normalising market rather than a distressed one.
For monthly updates as new VREB data is released, bookmark our VREB monthly market report. For neighbourhood-specific price trends, use our market analytics tool.
Frequently Asked Questions
What is the average home price in Victoria BC in 2026?
The HPI benchmark price for a single family home in Greater Victoria is $1,134,600 as of January 2026, -1.7% year-over-year. The average sale price for single family homes was $1,280,146 based on 127 sales.
Is Victoria BC a buyers or sellers market in 2026?
Greater Victoria is a buyers market as of January 2026, with a sales-to-active ratio of 14.9% and 2,903 active listings.
Are Victoria home prices going up or down in 2026?
The Greater Victoria SFH benchmark is 1.7% below January 2025 at $1,134,600. Month-over-month the benchmark is 0.2% above December 2025.
How many homes sold in Victoria in January 2026?
Greater Victoria recorded 465 total sales in January 2026, including 127 single family homes, compared to 147 single family sales in January 2025.
What is the benchmark home price in Victoria BC?
The Victoria Real Estate Board HPI benchmark for a single family home is $1,134,600 board-wide as of January 2026. Oak Bay is the highest-priced area at $1,707,500, while Gulf Islands is the lowest at $719,500.
Ready to Buy or Sell in Victoria?
Browse active listings or connect with Dallas King directly for a current market update tailored to your neighbourhood.