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the victoria rennie review | October 2023

Market dynamics have shifted in Greater Victoria’s housing market, due mainly to high interest rates.
October 17, 2023

Market dynamics have shifted in Greater Victoria’s housing market, due mainly to high interest rates. Decreasing sales and increasing new listings have combined to expand inventory to a level not seen since 2019.

Each month, we release the rennie review, a detailed look at the real estate marketplace in Greater Victoria. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.