Real Estate Market Report for
Victoria, BC

Updated : Aug 2016
House
  • Median price $699,900
  • Monthly growth 11.11 %
  • Quarterly trend
  • Stock on market 1.25%
Apartment
  • Median price $337,900
  • Monthly growth 2.40 %
  • Quarterly trend
  • Stock on market 0.85%
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
  • Population in 201180017
  • Population in 200678057
  • 2006 to 2011 population change (%)2.5
  • Total private dwellings47691
  • Private dwellings occupied by usual residents42957
  • Population density per square kilometre4109.4
  • Land area (square km)19.47
  • Age Characteristics
    Total population by age groups 80020
    0 to 4 years 2820
    5 to 9 years 2305
    10 to 14 years 2155
    15 to 19 years 2735
    15 years 440
    16 years 480
    17 years 525
    18 years 535
    19 years 755
    20 to 24 years 6815
    25 to 29 years 8720
    30 to 34 years 7000
    35 to 39 years 5320
    40 to 44 years 5075
    45 to 49 years 5285
    50 to 54 years 5525
    55 to 59 years 5825
    60 to 64 years 5720
    65 to 69 years 3815
    70 to 74 years 2650
    75 to 79 years 2350
    80 to 84 years 2275
    85 years and over 3625
    Median age of the population 41.9
    % of the population aged 15 and over 90.9
  • Marital Status
    Total population 15 years and over by marital status 72735
    Married or living with a common-law partner 31200
    Married (and not separated) 21880
    Living common-law 9315
    Not married and not living with a common-law partner 41535
    Single (never legally married) 25460
    Separated 2535
    Divorced 8315
    Widowed 5230
    Family Characteristics
    Total number of census families in private households 18370
    Size of census family: 2 persons 12790
    Size of census family: 3 persons 3255
    Size of census family: 4 persons 1835
    Size of census family: 5 or more persons 490
    Total number of census families in private households 18370
    Total couple families by family structure and number of children 14950
    Married couples 10320
    Without children at home 6515
    With children at home 3800
    1 child 1975
    2 children 1430
    3 or more children 390
    Common-law couples 4635
    Without children at home 3785
    With children at home 850
    1 child 525
    2 children 260
    3 or more children 70
    Total lone-parent families by sex of parent and number of children 3420
    Female parent 2785
    1 child 2005
    2 children 630
    3 or more children 145
    Male parent 635
    1 child 480
    2 children 125
    3 or more children 30
    Total children in census families in private households 11930
    Under six years of age 3280
    6 to 14 years 3920
    15 to 17 years 1315
    18 to 24 years 2030
    25 years and over 1380
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 76030
    Number of persons not in census families 30770
    Living with relatives 1430
    Living with non-relatives only 8275
    Living alone 21070
    Number of census family persons 45255
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 12025
    Number of persons not in census families aged 65 years and over 6085
    Living with relatives 215
    Living with non-relatives only 265
    Living alone 5600
    Number of census family persons aged 65 years and over 5940
    Total number of private households by household type 42960
    Census-family households 18130
    One-family-only households 16855
    Couple-family households 13930
    Without children 9655
    With children 4275
    Lone-parent-family households 2930
    Other family households 1270
    One-family households with persons not in a census family 1035
    Couple-family households 685
    Without children 410
    With children 270
    Lone-parent-family households 355
    Two-or-more-family households 235
    Non-census-family households 24825
    One-person households 21070
    Two-or-more-person households 3760
    Total number of occupied private dwellings by structural type of dwelling 42960
    Single-detached house 6760
    Apartment, building that has five or more storeys 7180
    Movable dwelling 5
    Other dwelling 29015
    Semi-detached house 1115
    Row house 2130
    Apartment, duplex 3855
    Apartment, building that has fewer than five storeys 21825
    Other single-attached house 95
    Total number of private households by household size 42960
    1 person 21065
    2 persons 14895
    3 persons 3995
    4 persons 2160
    5 persons 595
    6 or more persons 245
    Number of persons in private households 76025
    Average number of persons in private households 1.8
Census 2011

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