Average value of homes sold

Lower prices help buyers and higher prices help owners, so whether a change is better or worse is a value judgement. The change is 4.4% of the earlier value, below the 5% threshold.

$882,483 on average across 1,465 residential transfers in the 12 months October 2025 to September 2026, against $844,954 across 1,748 a year earlier (+4.4%). First-time buyers: 368 transfers (25%), against 444 a year earlier.

Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series. The rule.

Why it matters. It shows what homes are changing hands for in the City. It is shown for context, without a better or worse label.

• Calculated here from the Province’s property transfer tax file: the sum of buyers’ declared fair market values for residential (Class 1) transfers registered at the Land Title Office, divided by the number of those transfers, over 12 months.
• It mixes condos, townhouses and houses, so a month with more condo sales lowers the average. It is not a price index and not the real estate board’s benchmark price.
• Transfers are counted when they are registered, usually some weeks after a sale. They include sales between related people and other transfers at market value.
• First-time buyers are transfers where a buyer claimed the first-time home buyers’ exemption from the tax, as the file records them.

Area: City of Victoria

The City of Victoria municipality only, all neighbourhoods.

Included

• All City of Victoria neighbourhoods, including Downtown, James Bay, Fairfield, Fernwood, Oaklands, Hillside/Quadra, North Park, Burnside, Victoria West, Rockland, Jubilee and Gonzales

Not included

• Saanich, Oak Bay, Esquimalt, Langford and every other municipality in the region

Official definition

• City of Victoria: Neighbourhood Boundaries (open data map)

How the agency describes it: City of Victoria.

This number is published by the agency as shown; it is not calculated here. The script reads it from the agency’s own file.

Sales and first-time buyers

• Residential transfers: 1,465 (12 months to September 2026). 1,748 a year earlier.
• Bought by first-time buyers: 368 (12 months to September 2026). 444 a year earlier. 25% of residential transfers.

Published under an open licence: anyone may reuse it with credit. About licences.

Published by

Province of B.C., Property Transfer Tax Data 2026, Municipal Monthly

Licence

Open Government Licence - British Columbia

Updated by agency

Monthly (BC Data Catalogue); latest release Nov 3, 2026

Retrieved

Nov 12, 2026, 10:30 PM B.C. time

Contains information licensed under the Open Government Licence – British Columbia.