Victoria Real Estate Search
Address Search
Investing in Victoria Real Estate
A total of 735 properties sold in the Victoria Real Estate Board region this October, a single property more than the 734 properties sold in October last year.
Inventory levels remain lower than last year, with 1,938 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2016, 38.9 per cent fewer than the 3,170 active listings at the end of October 2015.
"We continue to see low inventory hindering sales in the local market," notes Mike Nugent, 2016 President of the Board. "Though our numbers are down from the record setting pace set this summer, the market is still moving quickly and is still very competitive for certain properties. High demand areas like Saanich and Oak Bay continue to see multiple offers and areas in the West Shore are also seeing sales over listed prices. In other areas, prices remain firm because of high demand and extremely limited inventory."
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2015 was $608,200. The benchmark value for the same home in October 2016 has increased by 24.1 per cent to $755,000.
"The federal government's change to mortgage lending rules has also impacted buyers," adds President Nugent. "Buyers that require mortgage insurance are able to qualify for significantly smaller mortgages than before the rule change and this is further limiting their options in a very restricted market. Some buyers have postponed their search in order to save up more of a down payment so they can work within these new limitations."
Hot Victoria Area Investment Properties
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 892631 MLS
Courtesy of Newport Realty Ltd.
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 892628 MLS
Courtesy of Newport Realty Ltd.
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 3 Beds
- 1 Baths
- 892494 MLS
Courtesy of Newport Realty Ltd.
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 892620 MLS
Courtesy of Newport Realty Ltd.
Welcome to The 881. This 4th floor south facing tastefully designed condo located in Uptown with all amenities nearby. The only Whole Foods market in Victoria can be acce...
- 1 Beds
- 1 Baths
- 892669 MLS
- The 881 Bldg.
Courtesy of Pemberton Holmes - Cloverdale
Deep Cove! Beautiful ocean view building lot with two road accesses! 50x120 zoned R2. This opportunity to build your dream home doesn't come along very often and did I m...
- 892531 MLS
Courtesy of Newport Realty Ltd. - Sidney
Deep Cove! Beautiful ocean view building lot with two road accesses! 50x120 zoned R2. This opportunity to build your dream home doesn't come along very often and did I m...
- 892072 MLS
Courtesy of Newport Realty Ltd. - Sidney
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 3 Beds
- 2 Baths
- 892488 MLS
Courtesy of Newport Realty Ltd.
3 lot land assembly, directly across from the Royal Jubilee Hospital totaling approx 17,424 sq ft. Current zoning is R1-B under DPA16, with the OCP calling for medium de...
- 3 Beds
- 3 Baths
- 892493 MLS
Courtesy of Newport Realty Ltd.
Absolutely charming Arts & Crafts home situated in the heart of Sidney by the Sea. Plenty of warm character throughout with hardwood floors, wainscotting and a fireplace ...
- 3 Beds
- 2 Baths
- 891605 MLS
Courtesy of RE/MAX Camosun
“NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.
Address Search
My Service Areas
Interactive Map Search
