Photo: Michal Klajban · CC BY-SA 4.0Victoria lives in apartments: 70% of its homes, beside 12% for British Columbia’s towns
By the 2021 census, half of owned homes were worth more than $750,000; the average was $821,000. Sales are published too: 2,625 buyers in 2023, at a median $680,000. On the 2024 assessment, the middle residential property is valued at $839,000.
Victoria’s homes, by three sources
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms. Census values are owners’ own estimates, taken in May 2021, before the rise in interest rates.
median, owners’ estimate
- Average
- $821K
- Owners
- 19,455
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $820K
- ÷ buyers’ income
- 4.4×
- Buyers
- 2,625
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A detached house in Victoria is assessed 51% higher than across British Columbia’s towns
Condos account for 53% of the 29,140 properties on Victoria’s 2024 roll.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
31% of Victoria’s homes are condos, where British Columbia’s towns have 10%
At the 2021 census, Victoria had 49,225 homes with someone living in them. Half or more were standing by 1980.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Victoria | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 31% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 6% | 4% | 3% |
| Households in core housing need | 19% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
17.5 new homes a year per 1,000 in Victoria: in step with British Columbia’s towns (18.1)
Some 934 homes a year: 5,601 in all were permitted in Victoria from 2018 to 2023. Very few were houses: 2% in single-unit buildings (British Columbia’s towns: 27%).
A peak in 2018: 1,283 new homes
New homes a year per 1,000 homes
Slowing: 4,220 new homes in the 12 months to August 2026, 5% fewer
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Monthly permits published for the Victoria metro area, not by town
Victoria sits close to the $720,000 median of British Columbia’s towns
The census values of British Columbia’s towns, 254 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Home values around Victoria
Next to Victoria: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Victoria | $750K | $821K | 40% | |
| Oak Bay | $1.4M | $1.64M | 75% | 3.2 |
| Esquimalt | $750K | $776K | 49% | 3.9 |
| Saanich | $930K | $1.01M | 69% | 5.1 |
| New Songhees 1A | – | – | 65% | 5.5 |
| View Royal | $800K | $848K | 67% | 7.5 |
| Colwood | $800K | $823K | 74% | 10 |
Census 2021 values; km.
Questions about property prices in Victoria
How many households in Victoria are in core housing need?
More than most: 19% of households in Victoria, where British Columbia’s towns sit at 10%.
What is the average house price in Victoria?
Homes sold for an average $820,000 in 2023; the median buyer paid 4.4 times their household income.
Is Victoria expensive for British Columbia?
Victoria is close to the norm for British Columbia’s towns, whose median home is worth $720,000.
Can I see individual sales or prices by street?
Only in total: Statistics Canada releases each town’s median and average sale and its number of buyers, never a single sale.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).