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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

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In this month's market update, Adrian Maclaren, Vincent Baart, and mortgage expert David Steinberg of Olympic Mortgage cut straight to what Victoria buyers and sellers need to know right now — no fluff, just honest insights.

Victoria's real estate market is shifting, and whether you're buying or selling in Greater Victoria, understanding where things stand could save you time, money, and stress. The team breaks down current market conditions, what's happening with mortgage rates, and the key economic factors shaping the Victoria housing market heading into spring.

Are Victoria home prices dropping? Is now a good time to buy in Victoria? Should sellers be adjusting their expectations? Adrian, Vince, and David tackle all of it — and share their predictions for where the market is heading next.

🎧 Sponsored By: caninecarcare.com
Clean car = instant confidence. Mobile detailing with a satisfaction guarantee.

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

Send us Fan Mail

In this episode of the Victoria Real Estate Podcast, hosts Adrian Maclaren and Vincent Baart sit down with Stephane Lecouteur, Chief Dream Officer at Mexico Land Ventures, for a candid and eye-opening conversation about what it actually takes for Canadians to buy property in Mexico — legally, safely, and confidently.

With over two decades in sales, media, radio, and digital marketing, Stephane brings a unique lens to the world of cross-border real estate. He's not an agent — he's an advocate, educator, and due diligence expert whose mission is to make sure Canadian buyers don't get burned by what they don't know.

In this episode, we cover:

• Why so many Canadians are exploring Mexico right now — retirees, investors, and remote workers alike
• The truth about safety in Mexico and how headlines distort reality
• How foreigners can legally own property in Mexico, including near coastlines and borders
• What "restricted zones" actually mean — and the fideicomiso trust structure that makes coastal ownership possible
• The most common mistakes buyers make when navigating Mexican real estate alone
• Why independent legal verification is non-negotiable — and what proper title verification actually looks like
• Red flags every buyer should watch for, and how to spot bad advice before it costs you
• Stephane's role as a buyer advocate versus a real estate agent — and why that distinction matters
• Property management, timeshare cancellations, and the legal pitfalls Canadians don't see coming
• The smartest first step for anyone who's "Mexico-curious" but hasn't pulled the trigger yet

Whether you're thinking about a retirement property, a vacation rental investment, or just exploring your options outside Canada, this episode gives you the framework to move forward with confidence — and avoid the mistakes others have already made.

https://mexicolandventures.com/

🎙️ The Victoria Real Estate Podcast is produced by the CityNest Team at RE/MAX Camosun Oak Bay in Victoria, BC.

📲 Follow us @victoriarealestatepodcast | Leave us a review on Spotify or Apple Podcasts — we read every one!

Adrian Maclaren
250-464-4122
adrian@citynest.ca
@adrianrealestatevictoria

Vincent Baart
vincent@citynest.ca

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