the victoria rennie review | January 2026
Jan 19, 2026
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Subdued sales activity in December resulted in an annual sales decline in Greater Victoria in 2025, with the total slipping below 6,700. On the other hand, new listings approached 14,000 last year, the most since 2011.
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 division comprises our head economist, market analysts, and data scientists. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. 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 supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, Seattle, and Coachella Valley marketplaces. Their thoughtful and objective approach embodies the core values of rennie.
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Sales in Greater Victoria remained below last year’s level in March, driven entirely by slumping condo deals, resulting in the fewest total transactions for the month since 2014. New listings continued to come to market ahead of last year’s elevated pace, pushing active listings to their highest tally in March since 2015.
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While all eyes were on the Indian Wells Open in March, sales in the Coachella Valley also had something to showcase, reaching their highest level for the month since 2022. In contrast, new listings were at their lowest level for the month in available data back to 2014.
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