As we move into 2026, Greater Victoria’s real estate market is expected to shift into a more balanced and predictable phase. After several years of rapid change driven by interest rates, inventory constraints, and economic uncertainty, the coming year is shaping up to favour informed buyers and well-prepared sellers. Here is what homeowners and buyers should know heading into 2026.
Market Conditions Are Expected to Stabilize
Greater Victoria is anticipated to see a steadier market in 2026, with moderate price movement rather than sharp increases or declines. Buyer confidence is expected to improve as interest rates stabilize, encouraging more activity without the urgency seen in past boom cycles. This shift supports healthier negotiations and more balanced conditions across most property types.
Price Growth Likely to Be Modest and Localized
Overall price growth in 2026 is expected to remain modest, with performance varying by neighbourhood and housing type. Well-located single-family homes and townhomes with functional layouts are likely to remain in strong demand, while condominiums may experience more price sensitivity depending on strata fees, building age, and amenities.
Inventory Levels Should Gradually Improve
One of the biggest constraints in recent years has been limited housing supply. In 2026, inventory is expected to increase gradually as more homeowners feel comfortable listing. This will provide buyers with more choice while reducing extreme competition. However, desirable properties that are priced correctly are still expected to sell efficiently.
Buyer Demand Will Continue to Be Driven by Lifestyle
Greater Victoria’s lifestyle appeal continues to attract buyers from across British Columbia and other parts of Canada. Proximity to nature, walkable communities, and access to amenities remain top priorities. Homes that offer energy efficiency, flexible living spaces, and outdoor areas are expected to perform well in 2026.
Sellers Will Need a Strategic Approach
Unlike past years where nearly any listing attracted attention, 2026 will reward sellers who price realistically and invest in presentation. Staging, professional photography, and clear disclosure will matter more as buyers become selective. Overpricing may lead to longer days on market and price adjustments.
What This Means for Buyers and Sellers
For buyers, 2026 may present better opportunities to negotiate, particularly in segments with increased inventory. For sellers, understanding micro-market trends by neighbourhood and property type will be essential to achieving top value. Working with a local expert who understands these nuances will be more important than ever.
Looking Ahead
Greater Victoria’s real estate market remains fundamentally strong, supported by limited land supply, consistent demand, and long-term population growth. While the pace may slow compared to peak years, 2026 is shaping up to be a year of opportunity for those who plan ahead and stay informed.
If you are considering buying or selling in 2026, understanding how these trends apply to your specific situation can make a significant difference.
James C., 5-Star Review, via Google
“Scott made the process of finding a good condo in Victoria as simple and straightforward as it can be. He was always very helpful, and quick to respond throughout the process from start to finish. Being new to BC I think the ordeal would have been pretty overwhelming otherwise. I’d definitely recommend Scott and his team to others in the future.”
Faber Real Estate Group
Royal LePage Coast Capital Realty
📞 250-244-3430
📧scott@fabergroup.ca
ℹ️ Scott Faber Personal Real Estate Corporation
ℹ️ Cal Faber Personal Real Estate Corporation
Vanessa Wood & Zachary Parsons
“Building Lasting Relationships, One Home at a Time.”