As we wrap up 2025, it’s clear that Victoria’s real estate market has continued to evolve in meaningful ways. This past year brought steady conditions, thoughtful buyer activity, and a renewed sense of balance after several years of ups and downs. For homeowners and future buyers alike, understanding where the market is today—and where it’s heading—can help you make confident decisions in 2026.
⚖️ A Year Marked by Balance and Stability
One of the defining themes of 2025 was stability. Inventory levels remained healthier than in previous high-pressure years, giving buyers more breathing room while still supporting strong value for sellers.
Single-family homes continued to draw consistent interest, while condos and townhomes saw a slightly more relaxed pace—great news for buyers seeking options and flexibility. Even with seasonal slowdowns, the overall tone of the year stayed steady and predictable.
👨‍👩‍👧‍👦 Shift in Buyer Priorities
Buyers in 2025 continued prioritizing lifestyle. Walkability, school catchments, outdoor space, and access to amenities played a big role in decision-making.
Downsizers focused on turn-key homes with easy maintenance, while families gravitated toward larger properties close to schools and parks. Neighbourhoods offering convenience—transit access, village-style shopping, and proximity to the waterfront—remained especially attractive.
đź’µ Price Trends That Reflect Market Confidence
Prices throughout 2025 showed healthy, steady resilience. Single-family homes held their value well with modest upward pressure, while condos offered more flexibility—creating opportunities for first-time buyers and those looking to downsize.
As usual in Victoria, government assessments didn’t always match true market value, reminding both buyers and sellers of the importance of real-time, local expertise when evaluating a property.
đź”® Looking Ahead to 2026: What to Expect
The outlook for 2026 is encouraging. With interest rates expected to stabilize or improve, more buyers may re-enter the market, increasing activity across many property types.
Well-prepared listings—professionally presented, priced accurately, and strategically marketed—will continue to perform strongly. Early 2026 may also offer unique opportunities for buyers before spring demand picks up.
🌟 Your Real Estate Goals Matter Most
Regardless of the market cycle, the best time to make a move is when it aligns with your personal goals, lifestyle changes, and long-term plans.
If you're thinking about buying, selling, downsizing, or simply curious about your home’s value heading into 2026, I’m here to guide you through every step with clarity and confidence.
đź“ž Kelly Grymaloski
Victoria Realtor | South Vancouver Island
📧 KellyG@ComeSellWithMe.ca
📱 250-893-9185
🖊️ About Kelly Grymaloski
Kelly Grymaloski is a trusted Victoria Realtor with nearly 10 years of experience helping clients sell and buy homes, condos, and townhomes across South Vancouver Island. Known for her friendly, professional approach and data-driven marketing, Kelly helps homeowners achieve exceptional results and move forward with confidence.