Victoria’s June 2025 real estate market demands attention. This isn’t a market for the faint of heart, but for those who understand the data, opportunity exists. Jeff Bishop, DFH Real Estate, brings the hard facts.
Your june 2025 market update
Get the unfiltered truth. I break down the latest Victoria real estate trends directly from the source. This isn’t speculation; it’s a concise overview of the numbers that define our current landscape.
Market snapshot: the numbers don’t lie
Sales figures tell a story of near stasis. We saw just five fewer sales this June compared to last year. A negligible difference. New listings, however, climbed by 77. Total active listings? A significant jump of 378. This surge in inventory isn’t entirely fresh. Many homes are simply relisted, month after month. The market isn’t experiencing a seismic shift from a year ago. It’s a grind.
Consider these specifics from the Victoria Real Estate Board’s May 2025 report:
- A total of 758 properties sold in the Victoria Real Estate Board region in May. This is a mere 0.7% dip from May 2024, but an 18.1% surge from April 2025.
- Single-family home sales saw a 0.5% increase from May 2024, reaching 401 units sold. Condominium sales, however, decreased by 6% with 221 units sold.
- Active listings soared to 3,716 by the end of May 2025, an 11.3% increase year-over-year.
Home price index: a closer look
The Home Price Index (HPI) reveals a nuanced picture. Year-over-year, the HPI is up 1.3%. A gain, yes. But look closer. Between April and May 2025, the HPI actually dropped 1.4%. This isn’t a linear ascent. This is a market adjusting, recalibrating. For the analysts among you, the 30-page Victoria Real Estate Board stats package lays it all bare. The comparative graph on page two details everything: single-family homes, condos, townhomes, core, Westshore – it’s all there. The Victoria Real Estate Board provides this vital intelligence.
Expert insights and market dynamics
Dirk VanderWal, the 2025 Victoria Real Estate Board Chair, confirms the shifting landscape: “The Victoria real estate market in May was positive for consumers on both sides of the transaction. Ample inventory coming to market outpaced brisk sales, which provided a consistent amount of choice and eased competition on high-demand properties.” (Source: VREB May 2025 Market Report).
Interest rates? The Bank of Canada holds firm. 2.75%. No movement. This means banks aren’t slashing mortgage rates. Not now. Tariffs add another layer of uncertainty. The economy remains resilient, yet the Bank of Canada retains the flexibility to cut rates if conditions demand it. They have the bandwidth.
Questions persist. They always do. Call me.