Victoria BC Real Estate Market 2026
713 sales · $1,134,600 SFH benchmark · balanced market — January 2026 VREB data
Last updated: January 2026
The Greater Victoria real estate market recorded 713 sales in January 2026, with 4,029 active listings and a sales-to-active ratio of 17.7% — a balanced 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
713
Active Listings
4,029
Sales-to-Active
17.7%
Market Condition
Balanced
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 17.7% places Greater Victoria in balanced territory entering 2026, consistent with elevated inventory levels seen through the second half of 2025. For full monthly updates, see our VREB monthly report.
“There’s no more waiting – the spring market is here, With the most inventory for sale that our market has had in eleven years, we’re seeing buyers take advantage of the many homes to choose from. Buyer expectations around pricing and features have changed with market conditions and they have more time to make decisions and are viewing more properties. To meet buyer demands, motivated sellers need to enter the market with competitive pricing and an understanding of their property’s value in the current environment. The current market is unlike what we’ve seen in recent years, If you are considering selling or buying a property this spring, it’s important that you connect with your REALTOR® to understand the specific market conditions in your area and for your property type. Since our market is made up of many sub-markets, you’ll want to position your sale or purchase based on recent, relevant data and market insight that your Realtor can provide. With the help of your Realtor, both buyers and sellers can understand what it takes to be successful in the current market.”
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.
| Area | SFH Benchmark | YoY % | MoM % |
|---|---|---|---|
| Victoria Core | $1,339,000 | +0.3% | +0% |
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 713 total sales in January 2026, with single family homes down 14% from 147 sales in January 2025. Single family homes accounted for 127 of 690 residential sales. Active inventory stands at 4,029 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
768
Active Listings
4,585
Sales-to-Active
16.8%
Market Condition
Buyers
VIREB's 16.8% sales-to-active ratio indicates a buyers market across Vancouver Island, different from Greater Victoria's balanced conditions, reflecting distinct demand patterns outside the capital region. 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 4,029 active listings and a 17.7% 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 balanced market as of January 2026, with a sales-to-active ratio of 17.7% and 4,029 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 713 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.