How much does a house cost in Victoria BC? Home Prices Victoria BC Part 1

The Victoria BC Real Estate Market is continuing to evolve in 2022. Low rates and low inventory fuelled a tremendous amount of pressure on prices in Victoria BC Housing that accelerated dramatically since the beginning of the covid-19 pandemic. Mortgage rates have reversed course quickly since March and as a BC Realtor I can see that sentiment has shifted as well. Nevertheless, I wanted to bring you up to speed at where prices have come to in neighbourhoods like: South Oak Bay, Fairfield, James Bay, Saxe Point, Vic West, Broadmead, Cordova Bay, Gordon Head, Royal Oak, West Saanich, Prospect Lake, and more. Even if house prices in Victoria BC see some declines in 2022 from here, Vancouver Island Real Estate is generally more insulated than other parts of Canada in bear markets.

A) Intro 0:00

1) Victoria 02:57

2) Esquimalt 05:21

3) View Royal 06:27

4) Saanich West 07:38

5) Saanich East 11:42

6) Oak Bay 17:17

Which one of these neighbourhoods in Victoria BC do you want to know more about?

Link to VREB Neighbourhoods Defined:

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Let me know in the comments below if you have ay questions about living in Victoria BC, moving to Victoria BC, Victoria BC Neighbourhoods, or Victoria BC Real Estate. Feel free to reach out to me directly as well, I would be happy to answer your questions about Vancouver Island and the Victoria Housing Market.

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Alex Carroll is a licensed real estate professional in the province of British Columbia serving the Greater Victoria Real Estate Market

Alex Carroll PREC*
Licensed Victoria Realtor
Engel & Völkers Vancouver Island
alex.carroll@evrealestate.com
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