MONEY GLOBE XVictoria, BC home prices: new homes, rents and vacancy
Statistics Canada's new housing price index for Victoria stood at 119.2 (December 2016 = 100) in September 2026, down 2.5% over a year and up 2.5% over five years. The average two-bedroom rent was C$2,121 in the October 2025 survey, up 6.3% on the year before. Rental vacancy was 3.1%. Builders started 4,060 homes in the last 12 months. Our simple reading of these numbers: prices falling.
Updated November 04, 2026.
Reading: Prices falling
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| New housing price index (house and land) | 119.2 | -2.5% | September 2026 |
| Average rent — two-bedroom | C$2,121 | +6.3% | October 2025 survey |
| Rental vacancy rate | 3.1% | +0.4 pts | October 2025 survey |
| Housing starts — last 12 months | 4,060 | -17.0% | September 2026 |
New housing price index (December 2016 = 100)
What the numbers say
- New-home prices down 2.5% over a year: builders are discounting.
- Rental vacancy 3.1% (+0.4 points in a year): balanced.
- Average two-bedroom rent up 6.3% over a year.
- Housing starts in the last 12 months down 17% on the 12 months before (less new supply coming).
Actual sales and average prices in Victoria
Source: Statistics Canada (New Housing Price Index, table 18-10-0205-01) and CMHC via Statistics Canada (average rents, rental vacancy and housing starts, tables 34-10-0133, 34-10-0127 and 34-10-0154). Adapted from Statistics Canada under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada of this product.
Canadian city prices are Statistics Canada's index of NEW homes (house and land, December 2016 = 100). Resale prices, sales and listings by city belong to CREA and the local real estate boards and need a licence — they will be added once licensed. Rents and vacancy come from CMHC's October rental survey. For British Columbia, BC cities & towns shows actual sales and prices in every municipality from the Province's property transfer tax data.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
Nearby: other places in BC
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Updated November 04, 2026. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.