April 2026 Victoria Real Estate Market Update | Inventory Rising, Balanced Conditions Holding

⚖️ 🏠 ✅ April 2026 Victoria Real Estate Market Update

Click For Fullscreen Market Snapshot April 2026 by Andy McGhee 

Spring Has Brought More Listings, But Also More Movement

The Greater Victoria real estate market continued to evolve in March, and one thing is becoming clearer: this spring market is offering more options without losing its underlying stability.

That is often where some of the best real estate decisions get made.

When inventory rises, it can be easy to assume that the market is weakening. But that is not necessarily what we are seeing in Victoria right now. Instead, we are seeing a market with more choice, improving activity, and price trends that still look relatively steady. That creates a better environment for buyers who want time to think, and for sellers who understand that strong presentation and smart pricing matter.

In March 2026, active listings climbed to 3,261, up 12.3% from February and 7.9% from March 2025. At the same time, total sales rose to 579, which was 24.5% higher than February, though still 5.5% below the same month last year. 

What stands out to me is that the market is not racing ahead, but it is not standing still either. It is moving in a way that feels more sustainable. Buyers have more room to make careful decisions, and sellers still have every reason to feel optimistic if they are entering the market with the right strategy.

📊 A Quick Snapshot of the Market

In March 2026, 579 properties were sold across the Victoria Real Estate Board region. That is:

• 5.5% fewer sales than March 2025
  
  

• 24.5% more than February 2026
  
  

Sales by Property Type

• 285 single-family homes sold, down 2.4% year over year
  
  

• 164 condo apartments sold, down 18.8% year over year
  
  

• 88 row and townhomes sold, up 11.4% year over year
  
  

March showed stronger activity than February across the board, which is what we would hope to see as the spring market starts to take shape. While condo sales were still down from a year ago, detached homes remained fairly steady, and townhomes continued to perform well.

🪟 More Choice Does Not Mean Less Opportunity

The increase in available listings is one of the most important developments in the market right now.

• 3,261 active listings at month-end
  
  

• Up 12.3% month over month
  
  

• Up 7.9% year over year
  
  

The VREB sales-to-active-listings framework continues to define under 17% as a buyer’s market, 17% to 28% as balanced, and above 28% as a seller’s market. March remained within the balanced range. 

That matters because balanced markets tend to be healthier markets.

They give buyers a chance to compare homes properly, review documents carefully, and negotiate with less pressure. They also give sellers a real opportunity to succeed, especially when their home is priced appropriately and shows well.

This is not the kind of market where panic makes sense. It is the kind of market where preparation pays off.

🏡 Pricing Trends by Property Type

Single Family Homes

Victoria Core

Benchmark Price: $1,330,200

Year-over-Year Change: -1.1%

Month-over-Month Change: Up from $1,307,400 

Greater Victoria

Average Sale Price: $1,351,035

Median Sale Price: $1,185,000 

Broader Single-Family Residential Market

Average Days on Market: 38 days

List-to-Sale Price Ratio: 98% 

Detached homes continue to show stability in Victoria. The Victoria Core benchmark price rose again in February, which suggests confidence is still present even in a market where buyers have more choice. Homes are taking a little time to sell, but a 98% list-to-sale ratio tells us well-positioned properties are still attracting serious interest.

Condominium Apartments 

Victoria Core

Benchmark Price: $553,800

Year-over-Year Change: -0.8%

Month-over-Month Change: Up from $545,600 

Greater Victoria

Average Sale Price: $634,393

Median Sale Price: $540,000 

Condo Apartment Market

Average Days on Market: 47 days

List-to-Sale Price Ratio: 97% 

The condo segment remains an important part of the market, especially for first-time buyers, downsizers, and investors. Benchmark pricing in the Core moved up month over month again in March, which points more toward steadiness than softness. Buyers are taking their time, but properly priced condos, particularly in central and convenient locations, are still moving.

Row / Townhomes

Victoria Core

Benchmark Price: $848,500

Year-over-Year Change: -0.4%

Month-over-Month Change: Up from $842,800 

Greater Victoria

Average Sale Price: $837,192

Median Sale Price: $775,000 

Row / Townhouse Market

Average Days on Market: 38 days

List-to-Sale Price Ratio: 99% 

Townhomes continue to occupy a very attractive middle ground in the market. For many buyers, they offer more livable space than a condo without requiring a detached-home budget. Sales in this category were up year over year, and the near-full-price sale ratio shows just how competitive desirable townhomes can still be.

🔍 Where Activity Is Concentrated

Single Family Detached

Top districts by single-family unit sales in March:

• Saanich East, 52 units
  
  

• Langford, 33 units
  
  

• Victoria / Victoria West, 27 units
  
  

• Oak Bay, 21 units
  
  

• Sooke, 19 units
  
  

Saanich East continues to stand out as one of the region’s most active detached-home markets, while Langford remains a major draw for buyers seeking newer housing stock and relative value. Victoria, Oak Bay, and Sooke all posted strong detached-home activity as well, showing that demand remains fairly broad across the region.

Condo Activity

Top districts by condo apartment unit sales in March:

• Victoria / Victoria West, 76 units
  
  

• Langford, 26 units
  
  

• Saanich East, 24 units
  
  

It is no surprise to see condo activity led by the urban core. Walkability, amenities, and lifestyle continue to make Victoria and Victoria West highly appealing. Langford also stayed active, reflecting continued demand for newer condo developments and comparatively approachable pricing.

Townhome Hotspots

Top districts by row / townhome sales in March:

• Langford, 19 units
  
  

• Saanich East, 14 units
  
  

• Colwood, 12 units
  
  

Townhome demand remained especially strong in the West Shore. For many buyers trying to balance budget, space, and convenience, that part of the market continues to make a lot of sense.

🏠 What This Means for Buyers and Sellers

For buyers, the biggest advantage right now is not dramatic price drops. It is the ability to make better decisions.

There is more selection available. There is less urgency than in peak competitive conditions. And there is more opportunity to review the fine print, compare neighbourhoods, and negotiate terms that make sense.

For sellers, this market still offers strong potential, but it is less forgiving of overpricing or weak presentation. Buyers have more homes to choose from, which means sellers need to compete on value, condition, and marketing.

In other words, this is a market where strategy matters on both sides.

That is often where good real estate outcomes happen. Not in chaos, but in clarity.

🇨🇦 Victoria Still Looks Relatively Steady

Compared with some larger Canadian markets that have seen more volatility, Victoria continues to feel measured and relatively stable. In March, benchmark prices in the Victoria Core rose month over month across detached homes, condos, and townhomes, while the overall market remained balanced rather than overheated. 

That does not mean every segment is moving at the same speed. It does mean Victoria continues to behave like a market where fundamentals still matter, and where long-term appeal continues to support pricing.

👀 Looking Ahead to Spring 2026

As we head deeper into the spring market, the signal is getting easier to read.

More listings are coming online. Buyers are becoming more active. Prices are staying fairly steady. And the market is offering something many people have wanted for a while: room to think.

That can be especially valuable in real estate, because the best decisions are rarely made under maximum pressure.

If you are a first-time home buyer, move-up buyer, downsizer, or investor, this may be a good time to get clear on your numbers, your goals, and the neighbourhoods that fit your plans. You do not need to force a move, but you do want to recognize when the market starts offering better conditions.

And right now, that is exactly what Victoria seems to be doing.

If you are thinking about buying, selling, or simply want to understand what these numbers mean for your specific situation, I would be happy to sit down with you and walk through it.

Whether you are a first-time buyer, investor, upsizer, downsizer, or just keeping an eye on the market, having a plan can make all the difference.

Book a meeting here:

https://calendly.com/andymcghee/check-out-the-office

🌟 Business Spotlight: Besolar

Thinking About Solar in Victoria, BC? Q&A with Melanie Dorocicz of Besolar

Thinking about going solar in Victoria, BC or elsewhere on Vancouver Island? You are not alone. With more homeowners looking for ways to lower hydro bills, improve energy efficiency, and future-proof their homes, solar panels, battery backup systems, and EV charging solutions are getting a lot more attention. For this month’s Q&A, I connected with Melanie Dorocicz, Marketing Manager at Besolar, to talk about what homeowners need to know before making the switch, from how solar works and who it is best suited for, to BC Hydro credits, outage planning, and the real long-term value of investing in clean energy. As the solar division of Brewis Electric, Besolar serves communities across Southern Vancouver Island and offers residential and commercial solar, EV charger installation, and related electrical upgrades. Let’s jump into the Q&A.

Tell us a bit about yourself. What is your role at Besolar, and what do you do there?

I’m the Marketing Manager at Besolar, responsible for managing our marketing across social media, print, sponsorships, and email campaigns, along with supporting events and our annual solar sweepstakes.

Can you give us some background on Besolar?

Besolar is the solar division of Brewis Electric, bringing over a decade of solar installation experience to a company that has served Vancouver Island for more than 40 years. Our mission is to support homeowners and businesses in adopting solar solutions that reduce energy costs and contribute to a more sustainable future.

We specialize in solar installations, EV chargers, and battery backup systems, delivering practical clean energy solutions across Vancouver Island.

For homeowners who are just starting to explore solar, what are the main benefits of installing solar panels on Vancouver Island?

For many Vancouver Island homeowners, the main benefits of solar are lowering monthly bills, protecting against rising hydro rates, and reducing overall reliance on the grid. Solar allows homeowners to offset most or even all of their energy use, depending on the system size and their regular energy consumption. Over time, this can lead to more predictable energy costs while supporting a shift toward cleaner energy.

What types of homes or properties are usually the best fit for solar?

Homes and properties with a south-facing roof and minimal shading are generally the best fit for solar, but other roof orientations work as well. Properties with enough roof space and steady electricity use tend to see the most benefit. Even properties with partial shade can often accommodate solar with the right system design.

For those unsure if solar could work for their property, we use satellite imagery software to help assess roof suitability and provide a clearer view of what a system could look like.

Many people are unsure whether solar is worth the investment. What would you say to someone who is on the fence?

Solar is a long-term investment that can start reducing hydro bills right away. With rebates of up to $10,000 through BC Hydro, the upfront cost is more manageable than many expect. Homeowners can also earn credits for excess energy through the self-generation program, helping lower monthly costs over time.

A custom solar design provides a clear view of expected solar production and savings, making it easier for homeowners to understand the overall value and decide if it’s the right fit for them.

How does solar work with BC Hydro Self-Generation Program, and what should homeowners know before getting started?

BC Hydro’s Self-Generation Program, formerly known as net metering, helps homeowners lower their hydro bills and gain energy independence by generating renewable energy while staying connected to the grid. Any excess energy is sent back to the grid in exchange for credits, helping reduce future electricity costs.

What does the process look like for someone reaching out to Besolar for the first time, from the quote to installation?

We start by reviewing their BC Hydro consumption data and conducting a site assessment. From there, we create a custom solar design proposal for their home based on their energy goals and the home’s electrical capacity.

Once they’re ready to move ahead, we take care of permitting and submit the self-generation application on their behalf. After installation and commissioning, they can start enjoying the savings from their solar system.

What should people know about power outages and battery backup options when considering solar?

During a power outage, a solar system is designed to shut off automatically to keep utility workers safe. Homes with a battery backup, however, can continue to have power even when the grid is down.

A battery backup allows a home to keep running during an outage by storing and supplying energy when needed. It includes a system that manages how energy is used and allows homeowners to prioritize essential loads such as lights, the fridge, or electronics. If the battery starts to run low, the system can automatically reduce or shut off lower-priority areas to help extend backup power.

Can solar help support EV charging at home, and how does that work for someone who already has, or is thinking about getting, an electric vehicle?

Solar can support EV charging at home by powering an EV charger with the energy generated from the solar system, helping reduce reliance on the grid. For homeowners who already have an EV, the system works alongside their charger to help offset charging costs. For those planning to get an EV, the system can be designed to accommodate future charging needs. We also offer bi-directional chargers that allow an EV to send energy back to the home when plugged in, providing added flexibility and backup power alongside their solar system.

I also noticed the sweepstakes offer on your website. Can you tell us a bit about that, how it works, and who should enter?

This is our third year running our solar sweepstakes, where one homeowner each year wins a solar system valued at up to $25,000. It’s part of our mission to help more people on Vancouver Island explore solar and support a shift toward cleaner energy. Vancouver Island homeowners interested in solar can enter online through our website, with additional entry options outlined in our full rules.

Full rules and details can be found here: https://besolar.ca/sweepstakesrules/.

Interested in learning whether solar could be a fit for your home or business? Besolar is a trusted local resource for solar installations, EV chargers, and battery backup systems across Vancouver Island. You can learn more, request a quote, or enter their solar sweepstakes by visiting Besolar.ca or calling 778-405-1354. Their office is located at 719 Station Avenue in Langford.

Feature Listing: Updated Legal Duplex for Sale in Vic West at 515/517 Wilson Street

Looking for a versatile Victoria, BC property with income potential, modern upgrades, and an unbeatable location? 515/517 Wilson Street in Vic West is a rare opportunity to own an updated legal duplex in the heart of Victoria West, just steps from Vic West Village, parks, transit, the waterfront, and downtown Victoria.

Offered at $1,450,000, this character-filled 6-bedroom, 3-bathroom home blends the charm of 1912 architecture with the comfort and efficiency of thoughtful modern improvements, making it an excellent fit for owner-occupiers, multi-generational families, or buyers seeking strong rental revenue potential.

Inside, you’ll find hardwood floors, high ceilings, vintage character details, two kitchens, two laundry areas, private entrances, and separate living spaces, along with basement suite potential for even more flexibility. The home has been extensively improved over the years with quartz countertops, stainless steel appliances, custom blinds, LED lighting, a gas fireplace with a marble surround, on-demand hot water, perimeter drains, updated plumbing and electrical systems, roof improvements, fresh paint, new appliances, and a cedar shed. Since 2024, even more value has been added with heat pumps in both suites, solar panels for the lower suite, custom cabinetry, EV chargers, a pergola, a patio cover, and exterior painting.

Open House

Saturday, April 11, 12:00 PM to 2:00 PM

Sunday, April 12, 10:00 AM to 12:00 PM

Come by and check out this amazing property in person.

View the full listing here

515/517 Wilson Street

Questions or want to book a private showing?

Reach out to me directly at 778-678-8290

First-Time Home Buyers: Save Up to $50,000 on a New Home

A new federal GST rebate could save eligible first-time home buyers up to $50,000 when purchasing a qualifying newly built home in Canada.

Homes up to $1 million: The federal GST is fully eliminated (100% rebate).

Homes between $1 million and $1.5 million: The rebate is phased out on a sliding scale.

Potential savings examples:

• $800,000 new home = up to $40,000 saved

• $1,000,000 new home = $50,000 Saved

• $1.2 million new home = about $30,000 saved

• $1.4 million new home = about $10,000 saved

There are important rules around buyer eligibility and which homes qualify. There may also be other first-time buyer programs available that could save you even more.

I’d be happy to sit down with you, explain the options, and share the video from the First-Time Home Buyer Seminar I hosted in February.

Use my Calendly link below to book a time and learn more.

https://calendly.com/andymcghee/quick-chat

 Victoria BC April 2026 Events and Things to Do

Your Local Guide to Markets, Music, Sports and Community Events

Presented by Andy McGhee, Victoria REALTOR®, neighbour, and community guide.

Helping You Find Your Way Home

April is a great time to explore Victoria, BC, with a full calendar of live music, theatre productions, hockey games, food festivals, and community fundraisers throughout the city. Whether you are looking for things to do in Victoria in April 2026, planning a night out downtown, or supporting local causes, this guide highlights the best events across Greater Victoria from April 1 to 30.

Apr 2, 2026

😂 Darcy & Jer: Average at Best at Royal Theatre

👉 Royal Theatre 

A sharp and relatable comedy show built around family life, parenting, and everyday chaos.

 Apr 9, 2026

🐇 Amy’s Bunny Barn Society Fundraiser at Hecklers Bar & Grill 

👉 Hecklers Bar & Grill 

A comedy fundraiser supporting a local rabbit rescue and a fun night out for a good cause.

Apr 22, 2026 | 5:30 pm to 8:00 pm

🍎 Sips for Species with the Wilder Institute at Sea Cider Farm & Ciderhouse

👉 Sea Cider Events 

An Earth Day evening featuring conservation, community, a welcome drink, canapés, and a presentation on species at risk in Canada.

👉 Click HERE to see the full list of April 2026 Victoria events →What's Happening In Victoria This April 2026

💡 Pro Tip: Bookmark my Monthly Victoria Events Guide to stay in the loop on things to do in Victoria, from live music and theatre to sports, festivals, and community fundraisers.

As we move into April 2026, the spring market is continuing to build momentum, and with that often comes fresh questions, shifting plans, and new opportunities. Whether you are considering a move this year, keeping tabs on the market, or simply wanting to stay informed, I am always happy to be a resource when you need one.

Thank you for being part of my real estate community. Your trust and support mean a great deal to me, and I look forward to helping you in any way I can.

Andy McGhee Personal Real Estate Corporation

REMAX Sabre Realty - Victoria

📞778-678-8290

📧andy@andymcghee.com

🌐VictoriaBCHomeSales.com

Helping You Find Your Way Home

Disclaimer

The information in this blog is provided for general informational purposes only and does not constitute financial, legal, accounting, or tax advice. Andy McGhee Personal Real Estate Corporation is a licensed REALTOR® but is not an economist, lawyer, or accountant. Market conditions, policies, and laws change quickly, and while every effort is made to ensure accuracy at the time of publication, no guarantee is made that information will remain current or be free of errors or omissions. Nothing herein creates a client-professional relationship, and this content should not be relied upon as a substitute for personalized advice. Before making decisions, seek guidance from qualified professionals in the relevant field. Andy McGhee Personal Real Estate Corporation and RE/MAX Sabre Realty Victoria assume no liability for actions taken or not taken based on this information. Not intended to solicit properties or clients currently under contract.