Downtown Victoria, BC Real Estate | Market Report 2026
Downtown Victoria's condo market experienced a notable resurgence through 2025, with sales climbing 23.3% year-over-year by mid-year as investors and first-time buyers capitalized on pricing adjustments. The benchmark single-family home value sits at $1.26M (December 2025), while condominiums averaged $586K, representing a modest 2.7% decline from 2024 that created renewed purchasing opportunities. The urban core continues to see steady demand from professionals and downsizers seeking walkable, lock-and-leave lifestyles.
Quick Facts
Number Of Active Listings
388
Median COndo home Price (Q4 - 2025)
$586,000
Locals Neighbourhood Snapshot
Locals treasure Downtown's unmatched walkability—the Inner Harbour, Royal BC Museum, Chinatown, and Beacon Hill Park all sit within a 15-minute stroll, making car-free living genuinely achievable. The revitalized food scene, flourishing craft coffee culture, and boutique shopping along Lower Johnson Street create an urban village atmosphere that feels distinctly Victoria rather than generic metro. Summer brings buskers to the waterfront, Symphony Splash fireworks over the harbour, and outdoor markets that transform Centennial Square into the city's living room where neighbours actually know each other.
Thinking of Victoria? Start with the Guides Locals Use
