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In this month's market update, Adrian, Vince, and mortgage expert David Steinberg of Olympic Mortgage break down everything you need to know about Victoria real estate heading into spring 2026.

Victoria rents are falling, active listings hit 3,710, and the market is sitting right on the edge of buyer's territory — but the story looks very different depending on what you're buying and where. Single-family homes in the core are holding strong, while downtown condos are sitting longer and cutting prices. New missing middle supply is hitting the market daily with mixed results, and a rarely-seen stat just showed up: 92 single-family homes listed under $1 million in the Victoria Core — the most in five years.

We also dig into community sentiment, GST exemption effects on condo resale demand, BC property tax deferment changes, and what fall 2026 might look like for buyers and sellers.

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Produced by: The CityNest Real Estate Group
Citynest.ca

Adrian Maclaren
250-464-4122
adrian@citynest.ca
https://www.instagram.com/adrianrealestatevictoria/

Vincent Baart
https://www.linkedin.com/in/vincentbaart/

David Steinberg
david@olympicmortgages.ca
778.401.4712