Victoria's Market Report(December 4th, 2025)

Support Local of the Month

Welcome to Authentic Cuisine of India

This place opened up recently in the Belmont Market

We came here last month for lunch. The experience, food and quality ingredients were spectacular

If you’re looking for a new place to enjoy some incredible Indian food, this one won’t disappoint

View website here

Victoria Real Estate Market Report for November 2025

A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 per cent fewer than the 551 properties sold in November 2024 and 26.9 per cent fewer than in October 2025. Sales of condominiums decreased by 36 per cent from November 2024 with 119 units sold. Sales of single family homes decreased by 8.4 per cent from November 2024 with 241 sold.

We observed a slowing of the pace of sales this month that we didn't experience last year at this time. This year-over-year difference in sales does appear to be noteworthy, but it is because last year's sales were distributed differently than they have been this year. 2025 saw higher sales counts during the spring market, whereas 2024 saw a sales rally later in the year, which is not typical. Even though our winter numbers are softer compared to last year, we are right on track for this year's total numbers to end up very close to the four years previous. In fact, compared to fewer than 400 November sales in both 2022 and 2023, this year's activity was higher.

There were 3,152 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2025, a decrease of 7.9 per cent compared to the previous month of October and an 11.1 per cent increase from the 2,836 active listings for sale at the end of November 2024.

We could characterize the tone in November as one of patience. Buyers have plenty of options and time to make their decisions, and sellers know that well-priced and well-presented homes will sell, but that the market isn't under the pressure it had been in the early 2020s. Overall, our market remains in a balanced position. We can see that different types of properties and different locations influence where each home is on that scale of balance.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2024 was $1,313,900. The benchmark value for the same home in November 2025 decreased by 2.8 per cent to $1,276,700, down from October's value of $1,280,100.

The MLS® HPI benchmark value for a townhouse in the Victoria Core area in November 2024 was $843,500, while the benchmark value for the same townhouse in November 2025 decreased by 0.6 per cent to $838,100, down from the October value of $842,600.

The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2024 was $542,100, while the benchmark value for the same condominium in November 2025 increased by 2 per cent to $553,100, up from the October value of $549,000.

How to Secure a Mortgage in BC with Less-Than-Perfect Credit

Understanding Mortgages for Bad Credit in British Columbia

Securing home loans in British Columbia can feel overwhelming if your credit history is less than perfect. Many individuals and families across Vancouver, Victoria, Nanaimo, Surrey, and the rest of BC find themselves facing credit challenges at some point in their financial journey. Whether your credit score has taken a hit due to unexpected life events, missed payments, or other setbacks, you still have options to achieve your homeownership goals. The landscape of mortgages for bad credit in BC has evolved, offering new pathways and flexible solutions designed to help you move forward confidently.

Rather than letting past credit issues hold you back, you can take proactive steps to navigate the mortgage market. Lenders and mortgage brokers across British Columbia now recognize that a single number on your credit report doesn’t define your financial future. With the right guidance and a clear understanding of bruised credit mortgage solutions, you can position yourself to secure a home loan that fits your needs and sets you up for long-term success.

What Is a Bruised Credit Mortgage Solution?

A bruised credit mortgage solution is designed specifically for individuals whose credit scores fall below the traditional lending requirements of major banks and credit unions. These solutions open the door to home loans in British Columbia for those who may have experienced:

Missed or late payments on credit cards, loans, or utilities

Previous bankruptcies, consumer proposals, or collections

High credit utilization or maxed-out credit cards

Short credit history or limited credit activity

While mainstream lenders tend to focus on rigid credit score thresholds, alternative lenders and specialized mortgage brokers take a more holistic approach. They assess your entire financial profile, including your income, employment stability, equity, and property value. This flexibility means you can still access competitive home loans even if your credit isn’t spotless.