Megan Jayne
Artful Living
Serving Victoria B.C and surrounding area
Real estate, much like art, is about vision — imagining what could be, finding beauty in the details, and creating something uniquely your own. I believe in helping people discover homes that feel like an extension of themselves — spaces that inspire creativity, connection, and comfort.
free buyers package: resources, tips, and more!
VICTORIA MARKET DATA
Victoria Real Estate Market Report for January 2026
February 2, 2026 A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 per cent fewer than the 422 properties sold in January 2025 and 7.6 per cent fewer than in December 2025. Sales of condominiums decreased by 25.3 per cent from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 per cent from January 2025 with 153 sold.
There were 2,624 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2026, an increase of 3.1 per cent compared to the previous month of December and a 9.6 per cent increase from the 2,395 active listings for sale at the end of January 2025.
"With the current strong level of inventory and fewer sales, the overall market in January rested on the threshold between balanced and a buyer's market," notes Chair Kyne. "A single month does not promise a long-term trend, but this does mean that January offered a good amount of selection for buyers and more defined outcomes for sellers. Our market area is small but diverse, and consists of many micro-markets, all of which have their own specific market conditions. This means that some areas may be in balance, while others may trend to a buyer's market. To determine where a property is within the balance of markets, connect with your favourite Victoria REALTOR®."
The Multiple Listing Service® Home Price Index* benchmark value for a single family home in the Victoria Core in January 2025 was $1,297,300. The benchmark value for the same home in January 2026 decreased by 2.5 per cent to $1,265,500, up from December's value of $1,255,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2025 was $545,900, while the benchmark value for the same condominium in January 2026 decreased by 1.5 per cent to $537,800, down from the December value of $549,900.
National overview
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Canada's economy is expected to grow slowly in 2026, as the following factors weigh on demand: geopolitical and trade uncertainty, significantly lower population growth, soft labour markets and modest income growth. Growth is projected to improve slowly in 2027 and 2028.
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Housing demand is projected to gain momentum while sales stay below historical averages and prices show only modest gains after falling in 2025.
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New home construction is set to decline through 2028 as developers face high costs, weaker demand and more unsold homes. Condominium starts will be especially weak. Rental projects will continue to drive new supply but will moderate over the forecast period.
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Rental markets are moving toward balance from an overall national perspective as new supply eases pressure and rent growth slows, giving renters more flexibility before buying a home.
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Regional housing markets vary significantly. Construction and home sales in Ontario and British Columbia will be weaker than their 10-year averages while, in the Prairies and Quebec, they will remain above their historical averages. Ontario is the only region expected to see price declines in 2026.
Regional overview
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Resale markets will show signs of recovery but remain below long-term averages.
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Housing starts will continue to slow down in 2026, with a more significant decline expected in 2027 – 2028.
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Rental market affordability will continue to improve as high vacancies and slower rent growth persist.
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Lower condominium presale activity will limit new condominium construction over the next 3 years.
Community Involvement:
I believe that volunteer work and being involved in the community is incredibly important. Giving back not only helps strengthen the place we live, but also creates real connections with the people around us. Contributing time and energy to community initiatives builds trust, support, and a sense of belonging that benefits everyone
Over the years, I’ve been fortunate to be involved in a variety of community spaces—from volunteering at Cedar Hill Recreation Centre teaching childresn pottery classes, to being active with the Moss Street Market. Today, I continue to support organizations that make a lasting impact, serving on the Board of Directors for the Greater Victoria Women’s Shelter and giving time each week to Habitat for Humanity. Each experience has deepened my commitment to building stronger, more connected communities
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Why use a REALTOR®.?
To be a REALTOR®, an agent must be a member of The Canadian Real Estate Association (CREA). This means agents are duty bound to serve you to the best of their abilities, and follow a specific code. This code is the accepted standard of conduct for all real estate practitioners who are REALTORS® specifically. It’s our guarantee of professional conduct and quality service. Read more at CREA.ca
Referral options...
Not ready to buy yet?
But maybe you know someone that is...
I offer an EXCEPTIONAL referral bonus for all closed deals for both you and your friend/colleague/neighbour. Text or email me at 250-551-2250 / meganjayne.realestate@gmail.com and I'll send you all the exciting details.
Let your connections bring you closer to home ownership.
Jazz C - 2023
"Megan was an absolute pleasure towork with during the process of selling my home. She was proactive, communicative, and constantly went the extra mile. I always felt well-informed and supported as she stayed on top of every detail. I highly recommend Megan!"
Tyler S - 2024
"megan helped me buy my first home in Victoria. The house she found couldn't have been more perfect for my needs and she helped negotiate a price point that I could do. Her effort level is high and was able to think outside the box. Couldn't be more happy"
Oliver C - 2025
"Megan is a fantastic REALTOR®! She's very nice, communicates clearly, and really helped me find my perfect home at a great price."
