The Victoria real estate market continued to show balance and stability through October 2025, offering opportunities for both home buyers and sellers. According to the Victoria Real Estate Board’s most recent data, activity remains healthy across all property types, with steady prices and strong demand for single-family homes.
For anyone keeping an eye on Victoria home prices or planning a move this winter, the numbers tell a clear story: this is a balanced, sustainable market—one that rewards informed decisions guided by an experienced local realtor.
Victoria Real Estate Market Snapshot – October 2025
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Total Sales: 617 properties sold in October 2025
• Down 5.7 % from October 2024 (654 sales)
• Up 11.4 % from September 2025 -
Single-Family Homes: 350 sold (+2.9 % year over year)
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Condominiums: 159 sold (-15 % year over year)
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Active Listings: 3,423 homes for sale, up 8.3 % from last year
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Benchmark Prices:
• Single-family home (Victoria Core): $1,276,500 (-1.8 % YoY)
• Condominium (Victoria Core): $551,000 (+0.6 % YoY)
These figures show a healthy, balanced Victoria real estate market where prices remain steady and consumers have more time to evaluate options.
A Market Defined by Balance
“The local real estate market remains reasonably balanced,” said 2025 VREB Chair Dirk VanderWal. “Single-family homes are currently seeing the strongest demand… we have not seen a significant decrease in prices as a result.”
This equilibrium means:
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Sellers can list confidently, knowing prices are stable.
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Buyers benefit from more inventory and less competition.
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The region avoids the dramatic price swings of earlier years.
For those tracking the Victoria housing market, these balanced conditions reflect a return to traditional seasonality—where autumn sees moderate sales and consistent pricing leading into winter.
Single-Family Homes Lead the Way
Single-family properties remain the cornerstone of Victoria’s market strength. October saw the highest number of October sales since 2020, proof that well-located detached homes continue to attract serious buyers.
While benchmark prices dipped slightly from September ($1,294,800 to $1,276,500), this modest adjustment is a natural reflection of seasonal cooling, not a downturn. For homeowners, it’s a sign that Victoria home values remain resilient in the face of shifting economic factors.
Condo Market Offers Opportunity
Condo sales were softer in October, down 15 % year-over-year. Yet the benchmark price rose 0.6 % to $551,000, signaling consistent demand in key downtown and suburban areas.
Buyers exploring the condo segment will find:
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A broad selection of listings
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More time to make offers without pressure
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Competitive pricing supported by low mortgage rates
For first-time buyers or downsizers, the Victoria condo market continues to provide strong value heading into 2026.
Interest Rate Cuts Boost Confidence
The Bank of Canada’s late-October announcement lowering the key interest rate to 2.25 % added a wave of optimism. As noted by Chair VanderWal, it’s too soon to measure the full impact, but history shows that lower interest rates often stimulate buyer activity.
With mortgage rates in Victoria BC trending around 4 % for five-year fixed terms (source: Ratehub.ca), affordability is improving for many households. This combination of stable prices and cheaper financing creates ideal conditions for anyone considering a move.
Seasonal Cooling Without Price Shock
As the market moves toward winter, activity traditionally slows, but Victoria’s fundamentals remain strong. Active listings dipped 7.3 % month-over-month, suggesting that some sellers are holding off until spring—a typical seasonal trend.
For both buyers and sellers, this means:
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Less urgency, more negotiation room
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Stable home values across most neighborhoods
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Opportunities to buy or list strategically before spring competition heats up
Why This Market Benefits Both Buyers and Sellers
Balanced markets are rare—and they benefit everyone when navigated wisely.
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Buyers enjoy variety, fair pricing, and lower financing costs.
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Sellers can plan confidently without racing against volatility.
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Investors find dependable appreciation and strong rental demand.
In short, Victoria’s real estate market in late 2025 offers stability, opportunity, and long-term value.
Work With a Local Expert
Understanding how these numbers apply to your neighborhood takes local experience. Brad Maclaren, one of the top realtors in Victoria BC, helps clients interpret shifting conditions and make data-driven choices that maximize results.
Whether you’re buying your first condo, upsizing to a family home, or preparing to sell, Brad can help you position yourself for success in this balanced market.
Contact Brad Maclaren today to schedule a personalized consultation and learn how current trends in the Victoria real estate market can work in your favor.