A total of 642 properties sold in the Victoria Real Estate Board region this April, 5.3 per cent fewer than the 678 properties sold in April 2024 but 4.7 per cent more than in March 2025. Sales of condominiums decreased by 10.1 per cent from April 2024 with 187 units sold. Sales of single family homes decreased by 0.6 per cent from April 2024 with 335 sold.

While sales were down slightly this April compared to April 2024 (-5.3%), we are seeing the impact of some pent-up demand with multiple offers occurring as our spring market progresses. The condo market in Greater Victoria has experienced pressures due to the B.C. government implementing regulations on short-term rentals (“STR”). Sales of condos declined 10.1% in April 2025 compared to April 2024. Many owners of STR condos have tried to sell rather than take on long-term tenants, and the core area of Victoria has experienced social challenges, which have also slowed this market down.

"The economic uncertainty the world faces right now certainly colours our local real estate market," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "In spite of this, our market remains as it has in recent months - stable and balanced.”