Victoria Real Estate Market Report – April 2026

The Victoria real estate market continued to demonstrate stability and balance through April 2026, providing positive conditions for both buyers and sellers heading into the busy spring season.A total of 643 properties sold across the Victoria Real Estate Board region in April, representing a slight increase of 0.2% compared to April 2025 and an 11.1% increase over March 2026. While the market remains active, it continues to avoid the extreme conditions seen in previous years, creating a healthier and more sustainable environment overall.Condominium sales showed notable strength in April, increasing 5.9% year-over-year with 198 units sold. Single-family home sales remained relatively steady, with 331 homes sold, representing a modest 1.2% decrease compared to the same time last year.According to Victoria Real Estate Board Chair Fergus Kyne, the Greater Victoria market remains balanced, with healthy inventory levels and a steady stream of new listings helping to support the spring market.Inventory continued to rise throughout April, giving buyers more choice and flexibility. At the end of the month, there were 3,710 active listings on the Victoria Real Estate Board Multiple Listing Service® — up 13.8% from March and 8.3% higher than April 2025.This increase in available inventory is helping create what many are calling a “Goldilocks” market — not too hot and not too cold. Buyers are benefiting from more selection across a wide range of property types and price points, while sellers are still seeing solid activity from motivated purchasers.Of course, market conditions can vary significantly depending on the neighbourhood and property type. Some areas and price ranges continue to move quickly, particularly well-presented homes in desirable locations.In terms of pricing, benchmark values remained relatively stable. The MLS® Home Price Index benchmark value for a single-family home in the Victoria Core was $1,339,100 in April 2026, down 1.2% from April 2025 but slightly up from March 2026. Condominium benchmark values also remained steady at $558,300, down 0.8% year-over-year and up slightly from the previous month.Overall, Victoria’s real estate market continues to offer balanced opportunities for both buyers and sellers this spring. Whether you are considering purchasing your first home, upsizing, downsizing, or investing, understanding current market conditions is key to making informed decisions.If you are thinking about making a move this spring, feel free to reach out — I’d be happy to discuss your options and help you navigate the current market.