The Victoria Real Estate Board reported declining property sales in October 2021 compared to the previous year. Total sales were down 24.7% and inventory levels were down 51.2% compared to October 2020. Both single family home and condominium sales saw year-over-year declines. Benchmark home prices increased substantially over the past year, with single family homes rising 25.3% and condominiums rising 14.4%. Low inventory levels continue to put upward pressure on home prices in the Victoria real estate market.

1. VICTORIA REAL ESTATE BOARD
3035 Nanaimo Street
Victoria, BC
V8T 4W2
T 250.385.7766
F 250.385.8773
www.vreb.org
www.openhousesvictoria.ca
Nov 1, 2021
Inventory pressures continue to constrain Victoria real estate market
A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the
990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September.
Condominium sales were down 18.1 per cent from October 2020 with 249 units sold. 18.6 per cent fewer
condominiums sold in October 2021 than in the previous month of September. Sales of single family homes
were down 30.4 per cent from October 2020 with 339 sold. 2.4 per cent more single family homes sold in
October 2021 than in the previous month of September.
"Once again – it’s anyone’s guess what our sales numbers would be like had we been in a market with a
historically average number of homes for sale," said Victoria Real Estate Board President David Langlois. "Over
the previous ten years, the average number of properties for sale in the month of October was 3,210 - we are
one third of that this year. We continue to see record breaking low levels of homes for sale and with continuing
competition for homes, we see pricing pressure persist.”
There were 1,036 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
October 2021, 51.2 per cent fewer properties than the 2,122 available at the end of October 2020 and 7.8 per
cent fewer properties than the 1,124 active listings for sale at the end of September 2021.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
October 2020 was $880,500. The benchmark value for the same home in October 2021 increased by 25.3 per
cent to $1,103,600, a 0.3 per cent increase from the previous month of September. The MLS® HPI benchmark
value for a condominium in the Victoria Core in October 2020 was $482,200, while the benchmark value for the
same condominium in October 2021 increased by 14.4 per cent to $551,800.
“The only solution to our current market is to create more supply,'' added President Langlois. "And creating
supply isn’t something that happens overnight, so we need to make a commitment to build in the coming years.
That takes cooperation. It takes public acceptance of increased density in some areas, the ability for builders to
staff and supply their developments and for investors to be able to make their plans a reality within a reasonable
timeline and at a reasonable cost. We need to continue to focus on densification of our urban areas – the idea of
encouraging duplexes and small plexes in neighbourhoods and building up in core areas. Thoughtful
densification will allow us to protect our greenspace, leverage existing infrastructure and take advantage of
existing amenities."
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and
innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,503 local Realtors. If you
are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey

2. October 2021
Statistics Package for Media
Victoria Real Estate Board October 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values

3. The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Nov-2021
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
- below 10%, there is downward pressure on prices (buyers' market)
- above 25%, there is upward pressure on prices (sellers' market)
- in the 15-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board October 2021 Statistics
Total new MLS® listings and total MLS® sales for entire district

4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over fifteen years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board October 2021 Statistics
12 Months Ago
% Difference from 12 Months Ago (October 2020 to October 2021)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
– Single Family-All (SF-All)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
26.9%
25.3%
28.1%
26.1%
31.8%
30.1%

5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board October 2021 Statistics
12 Months Ago
% Difference from 12 Months Ago (October 2020 to October 2021)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
14.9%
14.4%
17.0%
16.0%

6. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
$993,100
$990,300
$984,100
$982,400
$980,600
$976,500
$968,100
$959,700
$959,600
$950,700
$943,800
$937,600
$933,700
$924,500
$921,600
$912,400
$911,700
$907,100
$903,600
$898,500
$898,400
$895,900
$887,000
$880,600
$878,000 $874,800
$874,700
$873,400
$872,800
$865,800
$864,600
$858,100
$852,200
$851,600
$850,200
$846,900
$844,300
$840,600
$839,200
$836,800
$812,000
$805,900
$805,100
$796,900
$796,600
$792,400
$790,500
$783,900
$779,400
$778,400
$770,400
$768,600
$764,800
$757,600
$756,000
$749,400
$737,100
$735,700
$734,500
$733,900
$730,500
$710,800
$698,200
$688,100
$677,300
$676,700
$672,600
$669,300
$665,300
$665,200
$660,200
$649,000
$646,900
$645,100
$639,100
$628,900
$613,800
$607,400
$585,500
$582,300
$579,200
$577,500
$572,800
$557,800
$552,000
$513,900
$512,500
$510,600
$493,000
$487,900
$482,400
$455,400
$431,000
$412,900
$394,500
$370,800
$363,800
$358,000
$357,400
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,537,200 $1,521,200
$1,513,500 $1,386,000
$1,358,200 $1,339,000 $1,331,100
$1,330,100 $1,311,000 $1,293,000
$1,287,200
$1,257,800 $1,245,500 $1,240,900
$1,188,900
$1,181,300
$1,170,500
$1,121,600
$1,120,000 $1,096,700
$1,093,400
$1,063,300
$1,045,200
$1,038,300
$1,035,900
$1,034,500
$1,032,500
$1,032,500
$1,027,800
$1,021,400
$1,016,700
$1,013,900
$1,010,400
$1,002,600 $1,001,200
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Single Family-All (SF-All)

7. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
332.1
329.9 325.3
301.9
300.9
300.7
300.3 299.2
299.1
298.3
298.0
297.5
296.7
295.7
291.6
291.2
288.9
288.9
288.6
288.0
287.1 286.7
286.6
285.5
285.3
284.3
284.0
283.9
283.9
283.2
281.3
280.7
279.0
278.5
278.0
277.4
277.2
276.5
276.2
275.6
275.5
274.3
274.2
273.5
272.6
272.5
272.5
271.6
271.0
270.1
270.0
268.7
268.5
265.2
265.0
264.4
263.7
258.8
257.7
256.4
253.8
252.7
252.4
251.1
250.1
249.5
246.0
245.1 243.2
243.1
240.1
239.9
239.6
238.1
236.8
233.5
233.2
231.9
229.9
229.7
229.3
229.2
228.1
228.0
227.5
227.1
226.7
224.9
223.2
221.6
220.6
217.8
217.4
215.4
214.7
212.6
212.3
212.0
211.0
206.3
206.0
201.7
201.2
200.2
199.3
198.9
198.7
198.4
198.1
197.5
193.4
191.1
189.3
183.0
183.0
180.7
180.5
177.7
172.0
167.7
165.8
164.7
161.3
155.8
152.7
134.0 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Single Family-All (SF-All)

8. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Sooke – Con
Langford – Con
Colwood – Con
North Saanich – Con
Sidney – Con
Central Saanich – Con
$747,900 $742,100 $713,200
$695,300
$688,900
$688,200
$677,600
$672,300
$667,300
$661,900
$654,500
$640,100
$621,600
$617,200
$616,000
$586,800
$564,600
$563,500
$558,600
$552,100
$548,000 $542,700
$538,800
$537,000 $535,600
$535,000
$533,500
$525,900 $525,400 $520,200
$516,600
$508,900
$507,500
$507,000
$504,800
$503,700
$498,100
$495,500
$494,000
$491,700
$491,500
$486,400
$485,300
$481,900
$480,800
$480,500
$479,100
$476,900
$473,500
$471,300
$469,800
$467,900
$465,300
$464,900
$464,500
$462,500
$461,600
$451,100
$450,900
$450,300
$450,000
$446,100
$441,800
$437,100
$429,400
$427,000
$425,900
$425,800
$421,500
$417,100
$411,900
$410,800 $409,600
$405,500
$400,100
$398,600
$384,300
$383,900
$383,000
$381,400
$378,300 $361,600
$352,900
$342,900
$342,800
$339,600
$339,600
$326,600
$322,800
$317,300
$311,200
$301,500
$297,200
$290,200
$280,300
$280,100
$276,900
$266,900
$240,400
$238,700
$205,900
$202,800
$201,600
$200,600
$190,600
$188,800
$160,600
$159,100
$155,000
$147,900
$129,900
$122,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)

9. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Sooke – Con
Langford – Con
Colwood – Con
North Saanich – Con
Sidney – Con
Central Saanich – Con
342.8 340.6 324.9
317.2
316.1 315.2
313.6
313.2
311.4
309.8
306.7
305.0
303.2
302.9
302.2
300.1
296.1
294.1
293.5
293.5
291.3
290.3
287.9
287.5
285.0
282.6
280.2
280.2
280.0
278.1
278.0
277.7
277.3
277.0
275.9 275.6
274.8
274.2
272.9
271.6
269.6
268.4
268.1
267.2
267.2
264.8
261.7
260.8 260.1
259.7
259.6
258.9
258.6
258.1
257.8
256.2
254.8
253.0
252.6
251.3
250.0
248.8
248.4
248.3
246.5
245.1
244.7
243.9
242.8
239.9
239.8
239.3
237.6
236.1
230.1
229.5
224.6
224.5
223.6
218.7
217.9
212.3
211.9 193.2
191.8
189.5
189.4
185.0
180.7
179.9
179.9
179.9
174.0
170.0
166.1
160.9
154.1
144.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)

10. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn $889,600 $873,300
$867,100
$859,500
$850,700 $833,900
$814,500 $810,600
$807,400
$803,300
$797,900
$793,500
$788,900
$773,600
$770,900
$768,300
$765,000
$761,700
$753,300
$746,000
$741,700
$741,400
$737,200
$733,600
$729,900
$725,600
$719,000
$707,600
$706,900
$703,900
$701,800
$701,500
$700,600
$699,500
$695,800
$690,600
$690,500
$681,300
$679,400
$677,900
$672,800
$670,300
$669,300
$664,800
$661,500
$660,900
$656,800
$653,300
$644,400
$642,900
$640,500
$639,400
$638,100
$626,500
$621,200
$612,700
$612,200
$600,700
$599,300
$599,000
$591,600
$590,200
$579,100
$578,500
$576,700
$569,800
$569,000
$561,500
$560,900
$559,700
$550,900
$548,600
$546,000
$540,300
$526,800
$522,400
$521,100
$516,900
$512,100
$508,500
$507,900
$493,900
$493,600
$483,100
$473,300
$465,400
$460,000
$458,400
$455,100
$446,400
$436,700
$414,600
$410,900
$409,300
$394,700
$392,800
$355,900
$352,200
$316,600
$303,000
$277,200
$269,500
$267,700
$266,100
$262,100
$260,600
$245,700
$241,900
$235,600
$229,000
$219,300
$204,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)

11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
October 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
365.5 361.2 352.3 340.9
334.3
332.1
328.2
323.0
319.4
318.7
314.8
313.3
311.4
303.1
294.5
293.1
291.3
287.1
285.6
284.6
282.7
276.9
276.5
276.0
274.3
273.9
273.8
273.2
271.5
271.0
269.1
268.8
268.8
268.7
267.6
267.5
265.0
263.4
263.3
262.0
260.1
259.6
258.3
257.2
254.4
253.1
252.8
251.8
250.6
248.6
245.8
244.4
244.0
242.7
242.1
240.4
238.4
238.1
237.6
236.8
232.5
232.3
229.2
228.5
225.7
223.7
223.7
223.6
223.3
222.2
217.4
214.7
212.6
212.5
211.4
211.4
210.2
203.2
201.3
200.9
198.7
195.4 193.8
189.5
185.5
179.3
179.1
178.3
178.2
177.7
176.8
175.9
171.8
171.4
155.4
153.8
150.6
149.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)

12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
– Single Family-All (SF-All)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

13. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
200,000
300,000
400,000
500,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
– Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

15. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Victoria REB – Twn Victoria REB – Con
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Multiple values
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

16. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 37 $49,384,100
Oak Bay 22 $40,282,933
Esquimalt 9 $11,816,744
View Royal 5 $5,781,000
Saanich East 56 $83,038,188
Saanich West 27 $30,295,540
Central Saanich 16 $26,844,349
North Saanich 21 $34,941,000
Sidney 9 $10,317,000
Highlands 1 $1,365,000
Colwood 11 $12,165,927
Langford 53 $60,184,397
Metchosin 4 $4,852,000
Sooke 30 $30,755,900
Gulf Islands 29 $35,961,000
Total Greater Victoria 330 $437,985,078
Other Areas
Malahat & Area 9 $6,535,800
Total Other Areas 9 $6,535,800
Total Single Family Detached 339 $444,520,878
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 119 $74,472,949
Oak Bay 4 $6,005,000
Esquimalt 9 $5,191,600
View Royal 3 $1,744,900
Saanich East 27 $17,460,300
Saanich West 15 $7,851,500
Central Saanich 2 $1,152,000
North Saanich 1 $685,000
Sidney 17 $11,573,700
Colwood 3 $1,783,000
Langford 39 $21,238,715
Sooke 9 $4,986,300
Gulf Islands 1 $449,000
Total Greater Victoria 249 $154,593,964
Total Condo Apartment 249 $154,593,964
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®

17. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 18 $19,172,800
Esquimalt 2 $1,416,250
View Royal 11 $9,370,430
Saanich East 11 $10,130,433
Saanich West 2 $2,030,000
Central Saanich 5 $3,852,100
Sidney 7 $6,165,000
Colwood 8 $6,090,140
Langford 21 $14,756,595
Sooke 3 $2,889,800
Gulf Islands 2 $1,156,900
Total Greater Victoria 90 $77,030,448
Total Row/Townhouse 90 $77,030,448
Manufactured Home
l
Greater Victoria
Victoria / Victoria West 1 $2,375,000
View Royal 1 $135,000
Central Saanich 3 $932,000
Langford 2 $288,000
Sooke 3 $705,100
Gulf Islands 3 $1,106,500
Total Greater Victoria 13 $5,541,600
Other Areas
Malahat & Area 4 $1,341,000
Total Other Areas 4 $1,341,000
Total Manufactured Home 17 $6,882,600
Total Residential 695 $683,027,889
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®

18. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
$718,471,019
745
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Oak Bay 2 $4,340,000
North Saanich 1 $791,000
Colwood 2 $1,050,000
Langford 16 $11,303,399
Sooke 7 $3,068,700
Gulf Islands 7 $2,220,000
Total Greater Victoria 35 $22,773,099
Other Areas
Malahat & Area 2 $765,000
Total Other Areas 2 $765,000
Total Lots & Acreage 37 $23,538,099
13 $11,905,031
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®

19. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 34 $46,240,100
Victoria West 3 $3,144,000
Oak Bay 22 $40,282,933
Esquimalt 8 $9,741,744
View Royal 4 $4,131,000
Saanich East 53 $73,562,188
Saanich West 27 $30,295,540
Central Saanich 14 $22,096,889
North Saanich 20 $31,991,000
Sidney 8 $8,237,000
Highlands 1 $1,365,000
Colwood 11 $12,165,927
Langford 52 $59,124,397
Metchosin 4 $4,852,000
Sooke 25 $24,133,400
Gulf Islands 19 $20,022,500
Waterfront (all districts) 25 $46,599,460
Total Greater Victoria 330 $437,985,078
Other Areas
Malahat & Area 9 $6,535,800
Total Other Areas 9 $6,535,800
Total Single Family Detached 339 $444,520,878
Condo Apartment
l
Greater Victoria
Victoria 107 $64,751,949
Victoria West 6 $3,676,100
Oak Bay 2 $2,717,000
Esquimalt 9 $5,191,600
View Royal 2 $1,181,000
Saanich East 27 $17,460,300
Saanich West 12 $6,492,500
Central Saanich 2 $1,152,000
North Saanich 1 $685,000
Sidney 16 $10,873,700
Colwood 2 $980,000
Langford 39 $21,238,715
Sooke 3 $1,092,500
Waterfront (all districts) 21 $17,101,600
Total Greater Victoria 249 $154,593,964
Total Condo Apartment 249 $154,593,964
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®

20. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
Row/Townhouse
l
Greater Victoria
Victoria 15 $16,612,800
Victoria West 3 $2,560,000
Esquimalt 2 $1,416,250
View Royal 11 $9,370,430
Saanich East 11 $10,130,433
Saanich West 2 $2,030,000
Central Saanich 4 $2,777,100
Sidney 7 $6,165,000
Colwood 8 $6,090,140
Langford 21 $14,756,595
Sooke 2 $1,569,800
Gulf Islands 2 $1,156,900
Waterfront (all districts) 2 $2,395,000
Total Greater Victoria 90 $77,030,448
Total Row/Townhouse 90 $77,030,448
Manufactured Home
l
Greater Victoria
Victoria 1 $2,375,000
View Royal 1 $135,000
Central Saanich 3 $932,000
Langford 2 $288,000
Sooke 3 $705,100
Gulf Islands 3 $1,106,500
Total Greater Victoria 13 $5,541,600
Other Areas
Malahat & Area 4 $1,341,000
Total Other Areas 4 $1,341,000
Total Manufactured Home 17 $6,882,600
Total Residential 695 $683,027,889
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®

21. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
October 2021
District
Produced: 01-Nov-2021
$718,471,019
745
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Oak Bay 2 $4,340,000
North Saanich 1 $791,000
Colwood 2 $1,050,000
Langford 16 $11,303,399
Sooke 7 $3,068,700
Gulf Islands 7 $2,220,000
Total Greater Victoria 35 $22,773,099
Other Areas
Malahat & Area 2 $765,000
Total Other Areas 2 $765,000
Total Lots & Acreage 37 $23,538,099
13 $11,905,031
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®

22. Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
October 2021
Produced: 01-Nov-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
Oct
2019
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
Feb
2021
Mar
2021
Apr
2021
May
2021
Jun
2021
Jul
2021
Aug
2021
Sep
2021
Oct
2021
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1

23. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Single Family - Residential
Units Listed 268
Units Sold 264
Sell/List Ratio 99
Sales Dollars $329,165,018
Average Price / Unit $1,246,837
Price Ratio 102
Days To Sell 21
Active Listings at Month End 229
%
%
420
394
94
$400,636,733
$1,016,844
99
32
505
%
%
-36
-33
-18
23
-35
-55
%
%
%
%
%
%
4012
3325
83
$3,799,287,905
$1,142,643
103
19
%
%
4314
3024
70
$2,810,042,318
$929,247
99
35
%
%
-7
10
35
23
-46
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 16
Units Sold 24
Sell/List Ratio 150
Sales Dollars $46,271,960
Average Price / Unit $1,927,998
Price Ratio 103
Days To Sell 41
Active Listings at Month End 48
%
%
24
22
92
$31,414,500
$1,427,932
96
114
94
%
%
-33
9
47
35
-64
-49
%
%
%
%
%
%
319
228
71
$452,219,846
$1,983,420
99
49
%
%
376
231
61
$406,837,927
$1,761,203
95
96
%
%
-15
-1
11
13
-49
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 42
Units Sold 30
Sell/List Ratio 71
Sales Dollars $49,623,900
Average Price / Unit $1,654,130
Price Ratio 99
Days To Sell 45
Active Listings at Month End 67
%
%
39
38
97
$43,947,225
$1,156,506
96
73
94
%
%
8
-21
13
43
-38
-29
%
%
%
%
%
%
428
327
76
$503,816,084
$1,540,722
100
40
%
%
459
303
66
$340,528,122
$1,123,855
97
64
%
%
-7
8
48
37
-37
%
%
%
%
%
Condo Apartment
Units Listed 273
Units Sold 249
Sell/List Ratio 91
Sales Dollars $154,593,964
Average Price / Unit $620,859
Price Ratio 101
Days To Sell 23
Active Listings at Month End 237
%
%
410
304
74
$150,997,061
$496,701
98
36
676
%
%
-33
-18
2
25
-36
-65
%
%
%
%
%
%
3635
3061
84
$1,685,292,842
$550,569
100
26
%
%
3569
1946
55
$946,454,555
$486,359
98
41
%
%
2
57
78
13
-35
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®

24. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Row/Townhouse
Units Listed 114
Units Sold 89
Sell/List Ratio 78
Sales Dollars $75,760,448
Average Price / Unit $851,241
Price Ratio 102
Days To Sell 22
Active Listings at Month End 84
%
%
130
125
96
$79,388,785
$635,110
99
30
163
%
%
-12
-29
-5
34
-28
-48
%
%
%
%
%
%
1178
1009
86
$732,961,939
$726,424
102
22
%
%
1269
895
71
$540,763,824
$604,205
99
42
%
%
-7
13
36
20
-48
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 3
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 8
%
%
1
3
300
$4,362,500
$1,454,167
99
36
1
%
%
200
-100
-100
700
%
%
%
%
%
%
24
13
54
$13,604,300
$1,046,485
102
22
%
%
8
6
75
$5,606,500
$934,417
99
78
%
%
200
117
143
12
-72
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 12
Units Sold 13
Sell/List Ratio 108
Sales Dollars $10,965,000
Average Price / Unit $843,462
Price Ratio 103
Days To Sell 18
Active Listings at Month End 10
%
%
31
22
71
$14,966,650
$680,302
101
34
35
%
%
-61
-41
-27
24
-48
-71
%
%
%
%
%
%
252
222
88
$176,808,681
$796,436
103
22
%
%
176
117
66
$78,166,149
$668,087
100
32
%
%
43
90
126
19
-29
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $1,487,500
Average Price / Unit $743,750
Price Ratio 101
Days To Sell 50
Active Listings at Month End 0
%
%
1
2
200
$1,379,900
$689,950
100
17
3
%
%
0
0
8
8
200
-100
%
%
%
%
%
%
38
30
79
$24,616,050
$820,535
104
18
%
%
24
19
79
$12,592,300
$662,753
99
29
%
%
58
58
95
24
-38
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®

25. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Recreational
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $327,500
Average Price / Unit $327,500
Price Ratio 94
Days To Sell 163
Active Listings at Month End 6
%
%
2
1
50
$43,000
$43,000
91
264
14
%
%
0
0
662
662
-38
-57
%
%
%
%
%
%
27
27
100
$5,515,000
$204,259
101
217
%
%
32
16
50
$2,012,900
$125,806
94
168
%
%
-16
69
174
62
29
%
%
%
%
%
Manufactured Home
Units Listed 20
Units Sold 17
Sell/List Ratio 85
Sales Dollars $6,882,600
Average Price / Unit $404,859
Price Ratio 97
Days To Sell 31
Active Listings at Month End 30
%
%
17
19
112
$5,340,100
$281,058
97
49
30
%
%
18
-11
29
44
-38
0
%
%
%
%
%
%
225
161
72
$56,421,856
$350,446
99
36
%
%
172
136
79
$33,504,397
$246,356
96
57
%
%
31
18
68
42
-36
%
%
%
%
%
Residential Lots
Units Listed 28
Units Sold 32
Sell/List Ratio 114
Sales Dollars $20,949,299
Average Price / Unit $654,666
Price Ratio 99
Days To Sell 59
Active Listings at Month End 35
%
%
20
28
140
$12,545,388
$448,050
95
83
113
%
%
40
14
67
46
-29
-69
%
%
%
%
%
%
251
212
84
$112,659,780
$531,414
98
76
%
%
283
133
47
$61,978,362
$466,003
98
114
%
%
-11
59
82
14
-34
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $1,339,800
Average Price / Unit $669,900
Price Ratio 100
Days To Sell 22
Active Listings at Month End 5
%
%
5
3
60
$3,670,000
$1,223,333
94
84
27
%
%
-80
-33
-63
-45
-74
-81
%
%
%
%
%
%
33
28
85
$17,641,700
$630,061
97
165
%
%
63
20
32
$16,143,625
$807,181
95
131
%
%
-48
40
9
-22
26
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®

26. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Residential Acreage
Units Listed 13
Units Sold 3
Sell/List Ratio 23
Sales Dollars $1,249,000
Average Price / Unit $416,333
Price Ratio 97
Days To Sell 23
Active Listings at Month End 34
%
%
16
8
50
$4,620,500
$577,563
95
187
63
%
%
-19
-63
-73
-28
-88
-46
%
%
%
%
%
%
104
82
79
$50,329,427
$613,774
99
102
%
%
132
69
52
$41,569,050
$602,450
92
156
%
%
-21
19
21
2
-34
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 2
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 7
%
%
3
2
67
$701,500
$350,750
106
10
27
%
%
-33
-100
-100
-74
%
%
%
%
%
%
29
31
107
$32,421,900
$1,045,868
93
167
%
%
38
21
55
$16,596,682
$790,318
91
171
%
%
-24
48
95
32
-2
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 6
Units Sold 6
Sell/List Ratio 100
Sales Dollars $7,950,000
Average Price / Unit $1,325,000
Price Ratio 108
Days To Sell 10
Active Listings at Month End 5
%
%
5
5
100
$5,931,567
$1,186,313
100
27
14
%
%
20
20
34
12
-65
-64
%
%
%
%
%
%
89
54
61
$64,751,296
$1,199,098
101
20
%
%
51
31
61
$31,922,017
$1,029,742
97
40
%
%
75
74
103
16
-51
%
%
%
%
%
Revenue - Multi Units
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $6,465,000
Average Price / Unit $1,616,250
Price Ratio 98
Days To Sell 52
Active Listings at Month End 21
%
%
2
1
50
$2,300,000
$2,300,000
96
42
19
%
%
100
300
181
-30
24
11
%
%
%
%
%
%
63
32
51
$80,782,500
$2,524,453
96
76
%
%
39
10
26
$16,100,000
$1,610,000
93
75
%
%
62
220
402
57
2
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®

27. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 14
Units Sold 6
Sell/List Ratio 43
Sales Dollars $5,095,000
Average Price / Unit $849,167
Price Ratio 96
Days To Sell 37
Active Listings at Month End 34
%
%
8
3
38
$2,985,000
$995,000
96
49
53
%
%
75
100
71
-15
-24
-36
%
%
%
%
%
%
84
35
42
$36,829,296
$1,052,266
96
100
%
%
84
17
20
$17,379,450
$1,022,321
97
75
%
%
0
106
112
3
33
%
%
%
%
%
Revenue - Industrial
Units Listed 5
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 17
%
%
0
1
$650,000
$650,000
98
59
8
%
%
-100
-100
113
%
%
%
%
%
%
31
14
45
$20,446,868
$1,460,491
98
80
%
%
8
6
75
$3,615,200
$602,533
99
95
%
%
288
133
466
142
-15
%
%
%
%
%
Business with Land & Building
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 3
%
%
1
1
100
$1,050,000
$1,050,000
91
248
7
%
%
0
-100
-100
-57
%
%
%
%
%
%
7
2
29
$3,403,186
$1,701,593
85
142
%
%
43
20
47
$33,678,992
$1,683,950
91
157
%
%
-84
-90
-90
1
-10
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®

28. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Business Only
Units Listed 9
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 50
%
%
4
1
25
$50,000
$50,000
85
127
35
%
%
125
-100
-100
43
%
%
%
%
%
%
85
14
16
$3,256,500
$232,607
92
167
%
%
86
18
21
$1,383,000
$76,833
76
114
%
%
-1
-22
135
203
46
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
2
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 15
Units Sold 1
Sell/List Ratio 7
Sales Dollars $17
Average Price / Unit $17
Price Ratio 100
Days To Sell 167
Active Listings at Month End 53
%
%
10
4
40
$60
$15
97
99
79
%
%
50
-75
-72
14
68
-33
%
%
%
%
%
%
92
18
20
$2,078
$115
97
143
%
%
90
9
10
$146
$16
133
172
%
%
2
100
1326
613
-17
%
%
%
%
%
Lease - Retail
Units Listed 9
Units Sold 2
Sell/List Ratio 22
Sales Dollars $345,014
Average Price / Unit $172,507
Price Ratio 86
Days To Sell 102
Active Listings at Month End 30
%
%
8
1
13
$30
$30
109
106
43
%
%
13
100
1149947
574923
-4
-30
%
%
%
%
%
%
62
23
37
$353,765
$15,381
86
138
%
%
57
16
28
$2,038
$127
109
184
%
%
9
44
17258
11975
-25
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®

29. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Industrial
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 4
%
%
2
1
50
$11
$11
79
277
6
%
%
-50
-100
-100
-33
%
%
%
%
%
%
15
3
20
$49
$16
100
45
%
%
5
2
40
$25
$13
94
291
%
%
200
50
91
27
-85
%
%
%
%
%
Lease - Other
Units Listed 3
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 5
%
%
1
0
$0
2
%
%
200
150
%
%
%
%
%
%
8
2
25
$2,890,603
$1,445,302
7606850
95
%
%
52
2
4
$30
$15
61
%
%
-85
0
9635243
9635243
55
%
%
%
%
%
Commercial Land
Units Listed 4
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 14
%
%
2
1
50
$4,475,000
$4,475,000
99
252
11
%
%
100
-100
-100
27
%
%
%
%
%
%
20
8
40
$15,337,500
$1,917,188
94
248
%
%
31
1
3
$4,475,000
$4,475,000
99
362
%
%
-35
700
243
-57
-32
%
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®

30. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
October 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Nov-2021
Units Listed 866
Units Sold 745
Sell/List Ratio 86
Sales Dollars $718,471,019
Average Price / Unit $964,391
Price Ratio 102
Days To Sell 26
Active Listings at Month End 1036
%
%
Grand Totals
1162
990
85
$771,455,509
$779,248
99
41
2122
%
%
-25
-25
-7
24
-36
-51
%
%
%
%
%
%
11111
8961
81
$7,891,650,951
$880,666
102
29
%
%
11473
7071
62
$5,429,851,509
$767,904
98
46
%
%
-3
27
45
15
-37
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®