Here’s a quick snapshot of the Victoria housing market to kick off 2026, and what it means for you…
📉 Sales cooled, but prices held firm
339 homes sold in January — almost 20% fewer than last year, but still very much in line with typical winter patterns.
Buyers are taking their time and being more selective, but they are still buying when the value is right.
The market rested between a balanced and buyer’s market
💰 Prices remain resilient, in some sectors
Single-family home prices in Victoria core are down 2.5% from a year ago but more recently we are seeing prices increase.
Condo prices in the Victoria Core are down 1.5% from a year ago and slight negative trends are continuing.
🏘️ More listings = more choice
Active listings climbed to 2,624 homes, the highest January inventory we’ve seen in years.
This means buyers have more options, and sellers need to be well-priced and well-presented.
🔍 A market of micro-markets
Larger condos and suburban homes are still seeing strong demand.
Downtown studios and one-bedroom condos are leaning more buyer-friendly, with increased negotiation happening.
🔮 Looking ahead
Interest rates, consumer confidence, and inventory levels will shape the year ahead.
With more choice, stable pricing, and the possibility of lower rates later this year, 2026 could be one of the best entry points we’ve seen in some time — especially for first-time buyers and renters thinking about making a move.
🏡 What This Means for Buyers
You have more choice than we’ve seen in years, with inventory at healthy levels.
Buyers are no longer rushing — negotiation is back, especially in certain condo segments.
If a home is well-priced and in the right location, it still attracts competition.
With prices fairly stable and interest rates possibly easing later this year, 2026 could be a strong window to enter the market.
🏷️ What This Means for Sellers
The market is more selective, not slow. Buyers are focused on value, condition, and pricing.
Homes that are priced realistically and presented well are selling; overpricing leads to longer days on market.
Inventory is higher, so strategy matters more than seasonality.
The right pricing approach can still produce strong results – even in a balanced-to-buyer-leaning market.
Thinking about buying or selling this year?
Talk to Ole first. He’ll help you understand exactly how today’s market affects your next move – whether you’re planning to list, buy, or simply explore your options.
