Market IntelligenceEconomy

the Victoria rennie review | October 2023

 

Oct 18, 2023

Written by 

Ryan Berlin

SHARE THIS

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.

Written by

Ryan Berlin

Subscribe to weekly market insights

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.

Related

blog-feature-media-cm7zdfzj7507307spuz664ccp
the victoria rennie review | March 2025
Tariff-related uncertainty significantly restrained housing market activity across the country in February. While activity in Greater Victoria proved more resilient, there were signs that sentiment has taken a hit here, too.

Today

Report

blog-feature-media-cm7zd8jn54yvw07u5i3nsfn2d
the seattle rennie review | March 2025
The King County housing market's four month trend of strong year-over-year sales increases tapered off in February. Mortgage rates unchanged from a year ago, combined with new uncertainty from escalating trade tensions, are weighing on buyers and sellers.

Today

Report

  • Find a Home

rennie & associates realty ltd

copyright © 2025 rennie all rights reserved

By using this website, you agree to our Privacy Policy and Terms of Use.

do not share or sell my personal information

California DRE #02248150

MLS® Reciprocity

Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.