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the victoria rennie review | February 2026

Population growth in Greater Victoria in 2025 fell to levels not seen since 2011.
February 10, 2026

Population growth in Greater Victoria in 2025 fell to levels not seen since 2011. While more restrictive federal immigration policy and lower international migration were major contributors, so too was reduced domestic migration.

The victoria rennie review is a monthly publication that includes our take on the latest MLS data for Greater Victoria. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.

Our rennie intelligence team comprises our head economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.