Home sales across the Victoria region picked up in February compared to the previous month, though activity remained below the levels seen a year ago.
New data from the Victoria Real Estate Board shows 465 properties sold in February, representing an 11.9% decrease from the 528 sales recorded in February 2025. However, sales rose 37.2% compared to January, signalling renewed activity heading toward the spring market.
Sales declined across both major housing categories compared to last year. Condominium sales fell 19.8% year over year with 154 units sold, while single-family home sales dropped 12% with 206 properties sold.
Victoria Real Estate Board Chair Fergus Kyne said February’s market showed clear improvement compared to the slower start to the year.
“February’s sales definitely picked up the pace compared with sales from the previous month,” Kyne said.
“Though our sales numbers are lower than they were in 2025, with an over 35% increase month over month and a very healthy amount of inventory currently available, it will be interesting to see how our spring market unfolds in the upcoming months.”
Inventory levels also continued to rise across the region. At the end of February there were 2,903 active listings on the Multiple Listing Service, an increase of 10.6% from January and 10.4% higher than the 2,630 listings available in February 2025.
According to Kyne, increased activity in February helped stabilize the market after it had recently been sitting between balanced and buyer-friendly conditions.
“When the market is in balance, it means excellent opportunities exist for buyers and sellers,” he said.
“If you’ve been waiting for the spring to start your home sale or search, now is a great time to connect with a local Victoria REALTOR® to start planning.”
Prices edged down slightly compared to last year but climbed from January levels.
The benchmark price for a single-family home in Victoria’s core reached $1,307,400 in February, a 0.9% decrease from February 2025, but up from $1,265,500 in January.
Meanwhile, the benchmark price for a condominium stood at $545,600, down 0.7% year over year but up from $537,800 the previous month.
