the victoria rennie review | May 2025

Following his recent election win, Mark Carney will lead Canada through a series of international and domestic challenges. Meanwhile, housing sales in Greater Victoria continued to slump in response to heightened economic uncertainty.

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.