Victoria’s home prices have always reflected more than just square footage—they capture a unique blend of lifestyle, location, and local demand. While past years saw the market surge then settle, 2025 is shaping up to be a year of thoughtful, steady growth.
The biggest influence on prices right now? Supply and demand. After a period of tight inventory, new listings are slowly entering the market, but not fast enough to cool competition in hot neighbourhoods. Oak Bay, James Bay, and Sidney see ongoing demand for renovated family homes, while condos and townhouses are trending upward with first-time buyers and investors.
Interest rates remain a wildcard, but the Bank of Canada’s more stable policies mean buyers can plan—and sellers can price realistically without fears of sudden drops or spikes. Remote work and lifestyle shifts are keeping Victoria top-of-mind for relocation. People want flexible floorplans, private outdoor spaces, and great schools; properties that check these boxes often exceed expected sale prices.
Another factor: investors and retirees are back in force. 2025’s stabilized rental market makes income properties attractive again; meanwhile, downsizers and boomers are seeking low-maintenance luxury.
Staging, digital marketing, and timing remain essential for anyone hoping to achieve the best possible price. Sellers who invest here sell more quickly and for more money—a trend reflected in every successful Shawn Dubois listing.
With decades of combined team experience and deep market knowledge, Shawn breaks down the headlines into real stories and opportunities for every client. Whether you’re selling, buying, or just keeping an eye on the market, understanding the “why” behind the prices is your best asset.
Want even more data? Connect for a personal price analysis or dive deeper in my newest, data-rich blog.
