Skip To Content

Victoria Housing Market Review

25 September 2018

Victoria is the capital of British Columbia and is a community of choice for many individuals. One of the many reasons is the economic opportunities the city provides. Consequently, its housing market has experienced a notable increase in demand, although overall sales performance has declined due to rising home prices.

In a recent report by the Victoria Real Estate Board, dated February 1, 2018, 431 properties were sold in the city, which is 9.8% lower than the 478 units sold in the same month last year. Condominium sales also went down by 30.6% while single-family home sales fell by 4%.

In 2016, a municipal census showed that 18,045 homes were owned by residents and 27,720 units are rented. Meanwhile, 12,860 of the city’s residents preferred to live in condominiums. Around 14% (6,545 units) of Victorians live in single-detached houses; less than 18% (8,195 units) reside in high-rise apartments; 2.5% (1,140 units) are in semi-detached houses; 2,260 (4.9%) in row houses; and, 50% (23,035) live in buildings less than five stories high.

Contact Us

Contact us for more information on our MIC funds or to book an appointment with one of our Investment Professionals.

    Thanks for contacting us! We will get in touch with you shortly.

                © 2022 Canadian Mortgages Inc . All Rights Reserved. Web Design by NVISION

                ///////////////////////////