Real Estate Market Report for
Victoria, BC

Updated : Aug 2016
House
  • Median price $699,900
  • Monthly growth 11.11 %
  • Quarterly trend
  • Stock on market 1.20%
Apartment
  • Median price $337,900
  • Monthly growth 2.40 %
  • Quarterly trend
  • Stock on market 0.82%
Victoria Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Victoria is number 161 putting it ahead of most neighbourhoods .

In Aug the median listed house price of $699,900 in Victoria was an impressive compared to the rest of British Columbia.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

There are 359 neighbourhoods that have more properties on sale than Victoria at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

When we look at the data we have, it can help with trying to establish whether or not Victoria is a good investment target.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Victoria have dried up which would tend to indicate that demand is higher than the supply of new properties.

Across the nation CREW lists data for 1054 neighbourhoods, and this month Victoria is number 139 putting it ahead of most neighbourhoods .

In Aug the median listed house price of $337,900 in Victoria was an above average compared to the rest of British Columbia.

How big are the houses being sold in Victoria? This month there are 124 one bedroom 216 two bedroom 28 three bedroom 5 four bedroom 4 five bedroom homes on the market.

From our data, it appears that neighbourhood is number 14th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

When we look at the data we have, it can help with trying to establish whether or not Victoria is a good investment target.

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

Beds Median price (House) Median price (Apartment)
1 bedroom $399,950 $262,450
2 bedrooms $499,900 $346,700
3 bedrooms $575,000 $529,000
4 bedrooms $784,950 $409,900
5 bedrooms $814,950 $707,450
6 bedrooms $948,000 $1,200,000
Demographics

Corresponding census subdivisions are provided for the following place names where data is not available.

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