Victoria BC Real Estate Market 2026
579 sales · $1,168,300 SFH benchmark · balanced market — January 2026 VREB data
Last updated: January 2026
The Greater Victoria real estate market recorded 579 sales in January 2026, with 3,261 active listings and a sales-to-active ratio of 17.8% — a balanced market. The HPI benchmark price for a single family home across the Victoria Real Estate Board area is $1,168,300, 1.6% below January 2025. Condos benchmark at $550,900, 0.8% below year-over-year.
Total Sales
579
Active Listings
3,261
Sales-to-Active
17.8%
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 17.8% 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.
“Our market is following a fairly typical spring market trend, With sales and listings both increasing from the previous month, we’re tracking a seasonal pattern that generally builds to the peak of the market in May or June. We continue to observe a market which offers plentiful opportunity for both buyers and sellers. The current conditions of good supply and a reasonable level of consumer demand have created fewer high-pressure transactions and allowed time for both sides of the sale to make decisions and undertake due diligence, Every listing is unique in our market. Greater Victoria is a relatively small area which consists of many micro markets with varying conditions and demand. It’s a good time to connect with your favourite local REALTOR® to ensure your property or your purchase gets the correct analysis and strategy it deserves.”
Home Prices in Victoria by Property Type (2026)
Single Family Homes
$1,282,046
avg sale price
vs $1,290,881 last year-1%
225 sold (vs 227 last year)
Sell/list ratio: 98%
HPI Benchmark: $1,168,300
Condos
$634,393
avg sale price
vs $642,059 last year-1%
164 sold (vs 202 last year)
Sell/list ratio: 97%
HPI Benchmark: $550,900
Townhouses
$837,192
avg sale price
vs $804,796 last year+4%
88 sold (vs 79 last year)
Sell/list ratio: 99%
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 % |
|---|---|---|---|
| Oak Bay | $1,836,500 | -3.2% | +0.9% |
| Highlands | $1,628,500 | -1% | +1.9% |
| North Saanich | $1,486,500 | -0.5% | +1.4% |
| Saanich East | $1,333,300 | -1.6% | +0.6% |
| Victoria Core | $1,330,200 | +0% | +0% |
| Metchosin | $1,286,400 | -6.9% | -1.4% |
| Victoria | $1,255,800 | -1% | +3.5% |
| Victoria REB | $1,168,300 | -1.6% | +1.6% |
| Central Saanich | $1,154,700 | +0.1% | +0.3% |
| Colwood | $1,105,700 | -0.9% | +2.6% |
| View Royal | $1,100,200 | +0.2% | +5.9% |
| Saanich West | $1,094,300 | -2.3% | +2.2% |
| Esquimalt | $1,083,500 | -3.3% | +1.9% |
| Victoria West | $1,070,000 | -0.5% | +3.8% |
| Langford | $1,060,100 | -1.7% | +3% |
| Sidney | $1,002,700 | -1.9% | +1.3% |
| Sooke | $805,900 | -6.6% | +0.4% |
| GI Gulf Islands | $700,900 | -4.2% | -2.3% |
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 579 total sales in January 2026, with single family homes down 1% from 227 sales in January 2025. Single family homes accounted for 225 of 550 residential sales. Active inventory stands at 3,261 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 38 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
636
Active Listings
3,776
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 $1,168,300 is 1.6% below January 2025, and 16% above the five-year-ago benchmark of $1.01M. The long-term trajectory remains strongly positive even as short-term figures show modest softening in some areas.
With 3,261 active listings and a 17.8% 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 $1,168,300 as of January 2026, -1.6% year-over-year. The average sale price for single family homes was $1,282,046 based on 225 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 17.8% and 3,261 active listings.
Are Victoria home prices going up or down in 2026?
The Greater Victoria SFH benchmark is 1.6% below January 2025 at $1,168,300. Month-over-month the benchmark is 1.6% above December 2025.
How many homes sold in Victoria in January 2026?
Greater Victoria recorded 579 total sales in January 2026, including 225 single family homes, compared to 227 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 $1,168,300 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?
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