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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
September 1, 2020
Victoria real estate market experiences an active summer
A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the
661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of
condominiums were up 29.1 per cent from August 2019 with 262 units sold. Sales of single family homes were
up 45 per cent from August 2019 with 509 sold.
“Once again we saw a very active month in terms of property transactions,” says Victoria Real Estate Board
President Sandi-Jo Ayers. “And once again I will note that this is not a trend, but that this is our market at this
moment in time during a unique situation. It is a challenging time to define what is happening in the market given
so many factors that don’t exist in a normal year. We have been surprised by the pace of the summer market
and are grappling with the evolving socio-economic effects of the pandemic and how these underlying factors
will influence our fall real estate market.”
There were 2,584 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
August 2020, 8.9 per cent fewer properties than the total available at the end of August 2019 and a 2.6 per cent
decrease from the 2,653 active listings for sale at the end of July 2020.
“What I do know is that our business has changed a lot in recent months,” adds Ayers. “REALTORS® have
adapted to health and safety requirements and much more technology is being leveraged to facilitate all aspects
of the housing transaction. We can also see that though demand is up, there are fewer listings on the market,
which increases demand on desirable properties even more. This is why we saw a lot of competition and
multiple offers over the summer. Will this continue into fall? That will depend on how much new inventory comes
into the market and how our community continues to manage the impact of COVID-19. This is an evolving and
nuanced market. As always, it is a good time to connect with your Realtor if you’re considering selling or buying.
If you need us, we are here.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
August 2019 was $849,500. The benchmark value for the same home in August 2020 increased by 4.7 per cent
to $889,200, 2.3 per cent less than July’s value of $909,700. The MLS® HPI benchmark value for a
condominium in the Victoria Core in August 2019 was $518,000, while the benchmark value for the same
condominium in August 2020 decreased by 0.8 per cent to $513,900, 3.2 per cent less than the July value of
$530,800.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents
1,372 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed
information on the Victoria and area housing market.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
August 2020
493
262
140
25
936
509
979
16
2,584
533
239
124
14
936
559
979
26
2,653
308
203
59
16
629
351
661
43
2,838
$1,002,604
$481,334
$622,407
$259,952
$998,291
$865,394
$885,000
$425,000
$573,450
$242,900
$880,000
$783,250
$1,033,706
$480,614
$589,594
$246,149
$1,021,323
$767,473
$865,000
$432,000
$549,900
$249,450
$850,000
$757,500
$870,829
$491,451
$616,637
$220,469
$861,784
$796,995
$789,900
$420,000
$569,900
$232,000
$779,000
$712,000
-7.5%
9.6%
12.9%
78.6%
0.0%
-8.9%
0.0%
-38.5%
-2.6%
60.1%
29.1%
137.3%
56.3%
48.8%
45.0%
48.1%
-62.8%
-8.9%
-3.0%
0.1%
5.6%
5.6%
-2.3%
12.8%
15.1%
-2.1%
0.9%
17.9%
15.8%
8.6%
2.3%
-1.6%
4.3%
-2.6%
3.5%
3.4%
12.0%
1.2%
0.6%
4.7%
13.0%
10.0%
July 2020 August 2019
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Sep-2020
August 2020Previous Periods Comparison
This Month Last Year
Page 1 of 1Victoria Real Estate Board Multiple Listing Service ®
August 2020
Statistics Package for Media
Victoria Real Estate Board August 2020 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
The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Sep-2020
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 August 2020 Statistics
Total new MLS® listings and total MLS® sales for entire district
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 ten 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 August 2020 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(August	2019	to	August	2020)
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
6.0%
4.7%
9.3%
5.5%
0.7%
7.3%
MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board August 2020 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(August	2019	to	August	2020)
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
-0.8%
-0.5%
0.0%
5.8%
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 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
$993,600
$984,100
$983,400 $971,200
$967,700$959,900
$946,800$940,000
$927,900
$920,300
$907,900
$901,500$899,500 $884,900
$874,900 $871,900
$870,300
$864,800
$860,000
$858,700
$858,100
$853,600 $848,700
$847,800
$846,700
$839,100
$832,000
$822,100$821,000
$819,100
$816,100
$807,800
$805,800
$803,000
$799,800
$795,500
$789,300
$788,600
$785,000
$781,900
$780,500
$778,100
$777,400
$768,000
$762,900
$759,300
$759,200
$750,200
$748,100
$747,400 $745,700
$745,100
$744,000
$722,200
$721,700
$721,600
$721,500
$719,700
$717,000
$706,500
$706,400$706,400
$699,400$698,500
$694,000
$693,900 $689,300
$689,200
$685,600
$681,900
$680,800
$680,000 $678,200
$671,000
$670,200
$668,100
$664,200
$662,200
$649,600
$642,900
$638,800
$638,600
$638,000 $626,300
$625,500
$622,900
$617,300
$613,800
$610,200
$598,900 $597,600
$594,700
$591,000
$582,900
$569,300 $568,700
$567,900$560,000
$552,000
$544,100
$536,900 $536,000
$535,100
$533,100
$532,000
$527,000
$525,200$522,000
$512,200
$511,100
$487,300
$481,000
$470,300
$466,100
$458,200
$455,800
$455,400
$453,600
$438,900
$437,700
$404,900
$394,500
$370,800
$357,100
$357,000
$354,600
$349,200
$347,700
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,233,600 $1,229,800$1,213,200 $1,211,500 $1,197,700 $1,178,400
$1,022,800
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)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 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
263.0 262.4 253.9
244.9
244.2
241.6241.6
238.0 235.7
235.4
235.2
235.1
234.7
234.5
233.7
230.2
230.2 228.9
228.6
228.5
228.5228.0
226.8
226.3
226.0
226.0 225.5
225.3
224.9
224.6
224.3
224.0
223.8
223.5
222.8
222.8
222.8
220.9
220.9
220.8 220.2
220.1
219.8 219.5
219.0
218.8
218.6
218.6
218.2
218.0
217.6
217.5
217.4
217.3
217.0
216.9
216.1
216.1
215.7
215.1
214.3
214.2
213.7
213.5
212.5
212.4
211.8
211.3
210.8
210.6
210.1
208.5
208.4
207.4
207.2
206.8
206.0
205.0
203.9
202.1
201.9
201.8
201.6
201.6 201.4
200.8
200.0
199.9
199.3
199.2196.2
195.3
194.3
193.7
192.9
191.9
190.1
189.9
186.3
184.2
184.1
183.9 182.9
181.5
181.0
180.2179.1
159.6
157.9
157.2
157.2
155.9
155.3
153.4
152.4
150.9
149.0
145.9
145.0
143.4
142.5
141.4
137.7
134.8
133.8
119.3 100.0
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)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 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
Langford	–	Con
Colwood	–	Con
Sidney	–	Con
Central	Saanich	–	Con
$825,900 $820,800$810,600 $785,900$780,500 $747,600
$633,600 $615,600$615,400$614,100 $613,600
$531,200
$528,700 $522,400 $519,700
$519,600$516,500 $514,300
$509,000
$506,400
$504,900$504,900
$497,600
$492,600
$488,900 $488,200
$487,200
$486,900
$486,000$482,700 $482,100$481,500
$476,900 $476,700
$474,800
$474,400$473,600$465,800
$459,900 $455,000$452,600 $447,400$446,700
$446,000
$437,200
$435,400
$434,600
$433,000 $432,100
$430,900
$429,000$426,900$426,600
$425,800$424,200
$423,100
$422,700
$416,400
$415,000$412,900$412,300
$406,400
$398,400
$388,700 $384,900$383,700
$374,900
$370,500
$369,000 $361,400
$354,100
$350,900
$338,800
$336,200
$332,800
$321,100
$312,700
$305,100
$298,300
$281,700
$263,500
$263,400
$258,600
$255,600
$253,000
$245,500
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
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)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 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
Langford	–	Con
Colwood	–	Con
Sidney	–	Con
Central	Saanich	–	Con
271.1 268.2266.8
266.0264.7264.5
264.4
263.7263.3
262.3
259.8
258.2
255.3 254.9
254.8253.3
252.6
252.2
252.1
251.3
250.4
249.6
248.4
248.3
247.9
247.6247.6
247.5
247.2
247.0
246.4
243.8
243.3243.2242.7 242.5
242.3
241.9
240.6 240.0
239.4
239.3
238.4 238.1237.8
237.1
237.0
235.0
234.1
233.8233.5
232.3 232.2
232.1
232.0
231.1230.7
230.4
229.7
226.9
225.6
225.0
221.0
220.7
218.7
215.9
215.0
211.7
207.8
206.6
198.7
192.4
166.1
163.3
156.8
155.3
152.6
152.3
149.6
149.1
147.3
147.1
139.0
131.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 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
$732,100
$717,800
$709,200 $704,600 $696,600 $694,600
$687,300
$673,500
$673,000$672,000 $670,700
$664,500
$658,900
$653,000
$646,200
$641,700
$637,200
$632,200
$632,000
$631,800
$630,500
$630,400$627,400
$626,900
$625,500
$624,000
$613,700
$613,500
$607,600 $600,600
$597,700
$595,800
$595,300$594,200 $591,700
$588,800
$587,600
$586,300
$584,200
$581,900
$581,400
$580,100
$579,800 $578,500$573,700
$573,600
$573,500
$572,900 $569,700
$568,500
$566,700
$566,300
$563,200
$557,800
$557,100
$555,900
$551,000
$547,800
$542,100
$539,300
$538,600
$538,500$537,000
$531,900
$528,600 $520,200
$516,500$510,900
$508,100$503,400 $500,600 $499,000$495,300
$490,200
$488,400
$485,000 $481,400
$477,000
$476,800
$473,600
$470,400 $466,000
$459,600
$450,800
$432,500
$419,700
$419,000
$414,500
$404,700
$398,300
$397,100
$395,300
$367,700
$359,500
$355,600
$352,900
$340,300
$334,600
$324,200
$322,600
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
August	2020 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat	&	Area	–	Twn
GI	Gulf	Islands	–	Twn
289.9 277.6 271.8271.4 270.9
265.7 252.8 252.1 250.1
247.9
245.3
244.4 244.1
243.4
242.7
239.8
237.9
235.0
234.1
230.6
229.2
228.7
226.9
226.6
225.5
225.2
224.6
223.5
222.9
222.6222.0
221.5
220.6
220.5
219.8
219.6
219.2
218.4
218.1
217.9
217.5 217.0
216.8
215.9
215.3
215.3
215.2
215.1
213.9213.5 212.6
211.7
211.1
208.9
208.1
204.5
203.8
202.4
202.3
199.9
199.5
197.2
196.8
194.1
194.1192.3
192.0
191.8
191.2 190.6
189.4
189.2
188.9 188.4
188.0
187.5186.5
186.2 183.7 182.0
172.7
172.2
171.4
169.2
168.9
158.8
152.0
151.5
148.3
147.8
146.8
145.9
145.4
143.6
135.1
130.0
126.6
123.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Core	–	SF-All Westshore	–	SF-All Peninsula	–	SF-All
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
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
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	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Condo	Apartment	(Con)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Twn Core	–	Twn Westshore	–	Twn Peninsula	–	Twn
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
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
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	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
200,000
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
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
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Residential
Single Family Detachedl
Greater Victoria
Victoria / Victoria West 43 $47,547,981
Oak Bay 29 $40,834,458
Esquimalt 11 $9,889,000
View Royal 11 $11,132,000
Saanich East 87 $99,768,924
Saanich West 37 $35,421,851
Central Saanich 24 $26,779,900
North Saanich 33 $41,991,500
Sidney 21 $21,247,000
Highlands 6 $6,380,000
Colwood 21 $17,425,668
Langford 71 $60,298,087
Metchosin 5 $5,002,000
Sooke 50 $32,203,382
Gulf Islands 44 $38,361,967
Total Greater Victoria 493 $494,283,718
Other Areas
Malahat & Area 16 $13,846,300
Total Other Areas 16 $13,846,300
Total Single Family Detached 509 $508,130,018
Condo Apartmentl
Greater Victoria
Victoria / Victoria West 112 $54,884,050
Oak Bay 7 $3,155,000
Esquimalt 16 $8,113,600
View Royal 5 $2,490,900
Saanich East 35 $16,796,400
Saanich West 14 $6,135,400
Central Saanich 1 $469,900
North Saanich 4 $3,071,800
Sidney 17 $9,277,600
Colwood 5 $2,647,500
Langford 41 $17,135,550
Sooke 5 $1,931,900
Total Greater Victoria 262 $126,109,600
Total Condo Apartment 262 $126,109,600
Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Row/Townhousel
Greater Victoria
Victoria / Victoria West 22 $15,300,300
Oak Bay 1 $835,000
Esquimalt 2 $1,150,000
View Royal 3 $1,637,000
Saanich East 26 $19,776,900
Saanich West 7 $4,638,500
Central Saanich 7 $4,963,700
Sidney 10 $5,978,000
Colwood 10 $6,531,736
Langford 39 $20,119,150
Sooke 10 $4,778,700
Gulf Islands 3 $1,428,000
Total Greater Victoria 140 $87,136,986
Total Row/Townhouse 140 $87,136,986
Manufactured Homel
Greater Victoria
View Royal 2 $384,888
Central Saanich 6 $1,944,900
Sidney 3 $1,348,000
Langford 7 $1,217,100
Sooke 5 $1,109,900
Gulf Islands 1 $299,000
Total Greater Victoria 24 $6,303,788
Other Areas
Malahat & Area 1 $195,000
Total Other Areas 1 $195,000
Total Manufactured Home 25 $6,498,788
Total Residential 936 $727,875,392
Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
$752,094,418979Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Victoria / Victoria West 2 $1,730,000
Saanich East 1 $1,000,000
Saanich West 1 $626,600
North Saanich 5 $3,274,000
Sidney 1 $1,345,000
Langford 3 $908,800
Sooke 2 $760,000
Gulf Islands 13 $5,305,350
Total Greater Victoria 28 $14,949,750
Other Areas
Malahat & Area 3 $1,479,000
Total Other Areas 3 $1,479,000
Total Lots & Acreage 31 $16,428,750
-1 ($1,750,000)Commercial Landl
13 $9,540,276Other Commercial Propertiesl
Page 3 of 3Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Residential
Single Family Detachedl
Greater Victoria
Victoria 41 $45,747,982
Victoria West 2 $1,799,999
Oak Bay 28 $37,034,458
Esquimalt 11 $9,889,000
View Royal 8 $7,677,000
Saanich East 84 $92,270,924
Saanich West 37 $35,421,851
Central Saanich 22 $22,829,900
North Saanich 28 $29,121,500
Sidney 18 $14,507,000
Highlands 6 $6,380,000
Colwood 21 $17,425,668
Langford 70 $58,968,087
Metchosin 5 $5,002,000
Sooke 46 $29,551,382
Gulf Islands 25 $17,284,586
Waterfront (all districts) 41 $63,372,381
Total Greater Victoria 493 $494,283,718
Other Areas
Malahat & Area 13 $10,579,300
Waterfront (all districts) 3 $3,267,000
Total Other Areas 16 $13,846,300
Total Single Family Detached 509 $508,130,018
Condo Apartmentl
Greater Victoria
Victoria 93 $43,702,050
Victoria West 13 $6,643,500
Oak Bay 7 $3,155,000
Esquimalt 15 $6,163,600
View Royal 5 $2,490,900
Saanich East 35 $16,796,400
Saanich West 14 $6,135,400
Central Saanich 1 $469,900
North Saanich 2 $1,129,800
Sidney 15 $6,657,600
Colwood 4 $2,190,500
Langford 41 $17,135,550
Sooke 3 $1,073,000
Waterfront (all districts) 14 $12,366,400
Total Greater Victoria 262 $126,109,600
Total Condo Apartment 262 $126,109,600
Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Row/Townhousel
Greater Victoria
Victoria 17 $11,881,800
Victoria West 4 $2,863,500
Oak Bay 1 $835,000
Esquimalt 2 $1,150,000
View Royal 2 $982,000
Saanich East 25 $18,779,400
Saanich West 7 $4,638,500
Central Saanich 7 $4,963,700
Sidney 10 $5,978,000
Colwood 8 $4,991,736
Langford 39 $20,119,150
Sooke 9 $4,418,700
Gulf Islands 3 $1,428,000
Waterfront (all districts) 6 $4,107,500
Total Greater Victoria 140 $87,136,986
Total Row/Townhouse 140 $87,136,986
Manufactured Homel
Greater Victoria
View Royal 2 $384,888
Central Saanich 6 $1,944,900
Sidney 3 $1,348,000
Langford 7 $1,217,100
Sooke 4 $889,900
Gulf Islands 1 $299,000
Waterfront (all districts) 1 $220,000
Total Greater Victoria 24 $6,303,788
Other Areas
Malahat & Area 1 $195,000
Total Other Areas 1 $195,000
Total Manufactured Home 25 $6,498,788
Total Residential 936 $727,875,392
Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
$752,094,418979Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Victoria / Victoria West 2 $1,730,000
Saanich East 1 $1,000,000
Saanich West 1 $626,600
North Saanich 5 $3,274,000
Sidney 1 $1,345,000
Langford 3 $908,800
Sooke 2 $760,000
Gulf Islands 13 $5,305,350
Total Greater Victoria 28 $14,949,750
Other Areas
Malahat & Area 3 $1,479,000
Total Other Areas 3 $1,479,000
Total Lots & Acreage 31 $16,428,750
-1 ($1,750,000)Commercial Landl
13 $9,540,276Other Commercial Propertiesl
Page 3 of 3Victoria Real Estate Board Multiple Listing Service ®
Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
August 2020
Produced: 01-Sep-2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Jul2020
Aug2020
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
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Single Family - Residential
Units Listed 526
Units Sold 393
Sell/List Ratio 75
Sales Dollars $375,253,950
Average Price / Unit $954,845
Price Ratio 99
Days To Sell 33
Active Listings at Month End 692
%
%
364
287
79
$243,508,314
$848,461
98
48
889
%
%
45
37
54
13
-32
-22
%
%
%
%
%
%
3431
2208
64
$1,993,844,375
$903,009
99
37
%
%
3896
2201
56
$1,811,183,063
$822,891
98
40
%
%
-12
0
10
10
-9
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 47
Units Sold 42
Sell/List Ratio 89
Sales Dollars $66,519,381
Average Price / Unit $1,583,795
Price Ratio 97
Days To Sell 68
Active Listings at Month End 135
%
%
38
19
50
$23,924,871
$1,259,204
96
55
210
%
%
24
121
178
26
23
-36
%
%
%
%
%
%
318
167
53
$287,057,744
$1,718,909
95
82
%
%
349
120
34
$156,079,532
$1,300,663
95
87
%
%
-9
39
84
32
-5
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 46
Units Sold 47
Sell/List Ratio 102
Sales Dollars $50,645,787
Average Price / Unit $1,077,570
Price Ratio 97
Days To Sell 66
Active Listings at Month End 133
%
%
45
28
62
$27,379,520
$977,840
96
80
187
%
%
2
68
85
10
-18
-29
%
%
%
%
%
%
374
221
59
$242,115,385
$1,095,545
97
63
%
%
397
178
45
$166,183,991
$933,618
96
72
%
%
-6
24
46
17
-13
%
%
%
%
%
Condo Apartment
Units Listed 397
Units Sold 262
Sell/List Ratio 66
Sales Dollars $126,109,600
Average Price / Unit $481,334
Price Ratio 98
Days To Sell 48
Active Listings at Month End 760
%
%
317
203
64
$99,764,528
$491,451
98
44
626
%
%
25
29
26
-2
10
21
%
%
%
%
%
%
2710
1362
50
$654,850,244
$480,800
98
41
%
%
2518
1517
60
$710,042,663
$468,057
98
39
%
%
8
-10
-8
3
6
%
%
%
%
%
Page 1 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Row/Townhouse
Units Listed 149
Units Sold 140
Sell/List Ratio 94
Sales Dollars $87,136,986
Average Price / Unit $622,407
Price Ratio 99
Days To Sell 45
Active Listings at Month End 199
%
%
117
59
50
$36,381,600
$616,637
99
53
248
%
%
27
137
140
1
-15
-20
%
%
%
%
%
%
996
663
67
$397,055,639
$598,877
99
46
%
%
1000
556
56
$337,294,230
$606,644
98
39
%
%
0
19
18
-1
18
%
%
%
%
%
Half Duplex (Up and Down)
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 1
%
%
1
0
0
$0
2
%
%
0
-50
%
%
%
%
%
%
4
2
50
$691,000
$345,500
95
172
%
%
2
0
0
$0
%
%
100 %
%
%
%
%
Half Duplex (Side by Side)
Units Listed 25
Units Sold 19
Sell/List Ratio 76
Sales Dollars $12,160,900
Average Price / Unit $640,047
Price Ratio 100
Days To Sell 30
Active Listings at Month End 47
%
%
9
12
133
$6,217,000
$518,083
98
36
18
%
%
178
58
96
24
-18
161
%
%
%
%
%
%
126
77
61
$50,023,100
$649,651
99
32
%
%
89
60
67
$36,820,840
$613,681
98
48
%
%
42
28
36
6
-34
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $2,552,500
Average Price / Unit $638,125
Price Ratio 98
Days To Sell 33
Active Listings at Month End 6
%
%
3
2
67
$1,290,500
$645,250
100
36
5
%
%
33
100
98
-1
-8
20
%
%
%
%
%
%
18
12
67
$7,630,400
$635,867
99
34
%
%
26
16
62
$11,028,500
$689,281
98
36
%
%
-31
-25
-31
-8
-5
%
%
%
%
%
Page 2 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Recreational
Units Listed 3
Units Sold 3
Sell/List Ratio 100
Sales Dollars $210,000
Average Price / Unit $70,000
Price Ratio 92
Days To Sell 20
Active Listings at Month End 15
%
%
2
3
150
$166,000
$55,333
81
195
20
%
%
50
0
27
27
-90
-25
%
%
%
%
%
%
26
11
42
$1,097,900
$99,809
93
204
%
%
32
15
47
$1,786,100
$119,073
92
77
%
%
-19
-27
-39
-16
164
%
%
%
%
%
Manufactured Home
Units Listed 17
Units Sold 25
Sell/List Ratio 147
Sales Dollars $6,498,788
Average Price / Unit $259,952
Price Ratio 97
Days To Sell 49
Active Listings at Month End 33
%
%
15
16
107
$3,527,499
$220,469
95
60
44
%
%
13
56
84
18
-19
-25
%
%
%
%
%
%
135
105
78
$25,229,997
$240,286
95
59
%
%
162
116
72
$24,426,287
$210,571
95
54
%
%
-17
-9
3
14
9
%
%
%
%
%
Residential Lots
Units Listed 40
Units Sold 15
Sell/List Ratio 38
Sales Dollars $6,969,500
Average Price / Unit $464,633
Price Ratio 96
Days To Sell 74
Active Listings at Month End 143
%
%
37
19
51
$7,621,670
$401,141
96
114
184
%
%
8
-21
-9
16
-35
-22
%
%
%
%
%
%
240
90
38
$39,646,774
$440,520
98
121
%
%
288
101
35
$31,982,140
$316,655
95
136
%
%
-17
-11
24
39
-11
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 6
Units Sold 3
Sell/List Ratio 50
Sales Dollars $1,000,000
Average Price / Unit $333,333
Price Ratio 96
Days To Sell 73
Active Listings at Month End 37
%
%
8
0
0
$0
28
%
%
-25
32
%
%
%
%
%
%
48
10
21
$6,163,125
$616,313
91
185
%
%
38
10
26
$6,115,944
$611,594
95
269
%
%
26
0
1
1
-31
%
%
%
%
%
Page 3 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Residential Acreage
Units Listed 13
Units Sold 8
Sell/List Ratio 62
Sales Dollars $5,305,250
Average Price / Unit $663,156
Price Ratio 90
Days To Sell 240
Active Listings at Month End 66
%
%
11
3
27
$1,582,000
$527,333
95
71
92
%
%
18
167
235
26
237
-28
%
%
%
%
%
%
109
51
47
$30,560,350
$599,223
93
155
%
%
118
35
30
$19,806,500
$565,900
93
146
%
%
-8
46
54
6
6
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 4
Units Sold 5
Sell/List Ratio 125
Sales Dollars $3,154,000
Average Price / Unit $630,800
Price Ratio 90
Days To Sell 301
Active Listings at Month End 26
%
%
3
1
33
$355,000
$355,000
94
22
30
%
%
33
400
788
78
1269
-13
%
%
%
%
%
%
30
17
57
$14,972,182
$880,717
90
196
%
%
32
9
28
$16,880,000
$1,875,556
96
267
%
%
-6
89
-11
-53
-27
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $787,500
Average Price / Unit $787,500
Price Ratio 97
Days To Sell
Active Listings at Month End 10
%
%
7
0
0
$0
19
%
%
-57
-47
%
%
%
%
%
%
37
23
62
$22,588,450
$982,107
96
41
%
%
34
9
26
$8,711,800
$967,978
97
39
%
%
9
156
159
1
7
%
%
%
%
%
Revenue - Multi Units
Units Listed 8
Units Sold 5
Sell/List Ratio 63
Sales Dollars $7,025,000
Average Price / Unit $1,405,000
Price Ratio 93
Days To Sell 87
Active Listings at Month End 23
%
%
2
1
50
$1,150,000
$1,150,000
92
102
6
%
%
300
400
511
22
-15
283
%
%
%
%
%
%
33
7
21
$11,425,000
$1,632,143
91
84
%
%
13
5
38
$7,638,000
$1,527,600
96
77
%
%
154
40
50
7
10
%
%
%
%
%
Page 4 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
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
2
%
%
-100
%
%
%
%
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
8
3
38
$11,280,000
$3,760,000
93
89
%
%
13
0
-25
-25
44
%
%
%
%
%
Revenue - Commercial
Units Listed 9
Units Sold 1
Sell/List Ratio 11
Sales Dollars $585,000
Average Price / Unit $585,000
Price Ratio 88
Days To Sell 96
Active Listings at Month End 50
%
%
3
1
33
$255,000
$255,000
93
268
38
%
%
200
0
129
129
-64
32
%
%
%
%
%
%
59
10
17
$8,025,900
$802,590
95
91
%
%
59
22
37
$12,399,120
$563,596
94
103
%
%
0
-55
-35
42
-12
%
%
%
%
%
Revenue - Industrial
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $1,930,200
Average Price / Unit $482,550
Price Ratio 104
Days To Sell 91
Active Listings at Month End 10
%
%
0
0
$0
1
%
%
900
%
%
%
%
%
%
6
4
67
$1,930,200
$482,550
104
91
%
%
2
1
50
$249,000
$249,000
100
21
%
%
200
300
675
94
335
%
%
%
%
%
Business with Land & Building
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 9
%
%
4
2
50
$28
$14
110
28
%
%
-100
-100
-100
-68
%
%
%
%
%
%
41
17
41
$27,563,992
$1,621,411
91
144
%
%
38
11
29
$6,770,087
$615,462
106
133
%
%
8
55
307
163
8
%
%
%
%
%
Page 5 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Business Only
Units Listed 7
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 44
%
%
6
0
0
$0
71
%
%
17
-38
%
%
%
%
%
%
77
14
18
$1,103,000
$78,786
76
114
%
%
94
22
23
$1,821,500
$82,795
73
106
%
%
-18
-36
-39
-5
7
%
%
%
%
%
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
1
%
%
-100
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 11
Units Sold 1
Sell/List Ratio 9
Sales Dollars $15
Average Price / Unit $15
Price Ratio 100
Days To Sell 165
Active Listings at Month End 74
%
%
6
0
0
$0
21
%
%
83
252
%
%
%
%
%
%
64
4
6
$69
$17
223
261
%
%
35
10
29
$200
$20
183
%
%
83
-60
-65
-14
43
%
%
%
%
%
Lease - Retail
Units Listed 9
Units Sold 2
Sell/List Ratio 22
Sales Dollars $61
Average Price / Unit $30
Price Ratio 98
Days To Sell 75
Active Listings at Month End 47
%
%
1
2
200
$57
$29
137
25
%
%
800
0
6
6
-45
88
%
%
%
%
%
%
43
11
26
$1,882
$171
110
208
%
%
31
8
26
$173
$22
3
117
%
%
39
38
987
690
78
%
%
%
%
%
Page 6 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
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
1
%
%
-100
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
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 8
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
1
33
$14
$14
111
304
%
%
1
1
100
$9
$9
45
%
%
200
0
56
56
576
%
%
%
%
%
Lease - Other
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 1
%
%
4
3
75
$47
$16
244
25
%
%
-100
-100
-100
-96
%
%
%
%
%
%
51
2
4
$30
$15
61
%
%
35
13
37
$259
$20
164
%
%
46
-85
-88
-25
-63
%
%
%
%
%
Commercial Land
Units Listed 2
Units Sold -1
Sell/List Ratio -50
Sales Dollars -$1,750,000
Average Price / Unit $1,750,000
Price Ratio 100
Days To Sell
Active Listings at Month End 15
%
%
3
0
0
$0
17
%
%
-33
-12
%
%
%
%
%
%
26
0
0
$0
472
%
%
23
2
9
$1,520,000
$760,000
84
250
%
%
13
-100
-100
89
%
%
%
%
%
Page 7 of 8Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Units Listed 1333
Units Sold 979
Sell/List Ratio 73
Sales Dollars $752,094,418
Average Price / Unit $768,227
Price Ratio 98
Days To Sell 47
Active Listings at Month End 2584
%
%
Grand Totals
1006
661
66
$453,123,634
$685,512
98
53
2838
%
%
33
48
66
12
-13
-9
%
%
%
%
%
%
9017
5092
56
$3,832,075,653
$752,568
98
48
%
%
9322
5041
54
$3,380,019,937
$670,506
98
48
%
%
-3
1
13
12
0
%
%
%
%
%
Page 8 of 8Victoria Real Estate Board Multiple Listing Service ®

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VREB August 2020 Stats

  • 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 September 1, 2020 Victoria real estate market experiences an active summer A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the 661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of condominiums were up 29.1 per cent from August 2019 with 262 units sold. Sales of single family homes were up 45 per cent from August 2019 with 509 sold. “Once again we saw a very active month in terms of property transactions,” says Victoria Real Estate Board President Sandi-Jo Ayers. “And once again I will note that this is not a trend, but that this is our market at this moment in time during a unique situation. It is a challenging time to define what is happening in the market given so many factors that don’t exist in a normal year. We have been surprised by the pace of the summer market and are grappling with the evolving socio-economic effects of the pandemic and how these underlying factors will influence our fall real estate market.” There were 2,584 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2020, 8.9 per cent fewer properties than the total available at the end of August 2019 and a 2.6 per cent decrease from the 2,653 active listings for sale at the end of July 2020. “What I do know is that our business has changed a lot in recent months,” adds Ayers. “REALTORS® have adapted to health and safety requirements and much more technology is being leveraged to facilitate all aspects of the housing transaction. We can also see that though demand is up, there are fewer listings on the market, which increases demand on desirable properties even more. This is why we saw a lot of competition and multiple offers over the summer. Will this continue into fall? That will depend on how much new inventory comes into the market and how our community continues to manage the impact of COVID-19. This is an evolving and nuanced market. As always, it is a good time to connect with your Realtor if you’re considering selling or buying. If you need us, we are here.” The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2019 was $849,500. The benchmark value for the same home in August 2020 increased by 4.7 per cent to $889,200, 2.3 per cent less than July’s value of $909,700. The MLS® HPI benchmark value for a condominium in the Victoria Core in August 2019 was $518,000, while the benchmark value for the same condominium in August 2020 decreased by 0.8 per cent to $513,900, 3.2 per cent less than the July value of $530,800. About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents 1,372 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. PRESIDENT Sandi-Jo Ayers PRESIDENT ELECT David Langlois TREASURER Karen Dinnie-Smyth PAST PRESIDENT Cheryl Woolley DIRECTORS Sheila Aujla Robert Cole Jackie Ngai Graden Sol Patrick Novotny EXECUTIVE OFFICER David Corey
  • 2. Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales Active Listings Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$ August 2020 493 262 140 25 936 509 979 16 2,584 533 239 124 14 936 559 979 26 2,653 308 203 59 16 629 351 661 43 2,838 $1,002,604 $481,334 $622,407 $259,952 $998,291 $865,394 $885,000 $425,000 $573,450 $242,900 $880,000 $783,250 $1,033,706 $480,614 $589,594 $246,149 $1,021,323 $767,473 $865,000 $432,000 $549,900 $249,450 $850,000 $757,500 $870,829 $491,451 $616,637 $220,469 $861,784 $796,995 $789,900 $420,000 $569,900 $232,000 $779,000 $712,000 -7.5% 9.6% 12.9% 78.6% 0.0% -8.9% 0.0% -38.5% -2.6% 60.1% 29.1% 137.3% 56.3% 48.8% 45.0% 48.1% -62.8% -8.9% -3.0% 0.1% 5.6% 5.6% -2.3% 12.8% 15.1% -2.1% 0.9% 17.9% 15.8% 8.6% 2.3% -1.6% 4.3% -2.6% 3.5% 3.4% 12.0% 1.2% 0.6% 4.7% 13.0% 10.0% July 2020 August 2019 Legend Units: net number of listings sold LM%: percentage change since Last Month LY%: percentage change since This Month Last Year Average$: average selling price Median$: median selling price Total Residential: includes sales of residential property types Total Sales: includes sales of all property types Active Listings: total listings of all types on the market at midnight on the last day of the month This Month Last Month Produced: 01-Sep-2020 August 2020Previous Periods Comparison This Month Last Year Page 1 of 1Victoria Real Estate Board Multiple Listing Service ® August 2020 Statistics Package for Media Victoria Real Estate Board August 2020 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-Sep-2020 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 August 2020 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 ten 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 August 2020 Statistics 12 Months Ago % Difference from 12 Months Ago (August 2019 to August 2020) 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 6.0% 4.7% 9.3% 5.5% 0.7% 7.3%
  • 5. MLS® HPI benchmark and value - Condominium / Apartments Victoria Real Estate Board August 2020 Statistics 12 Months Ago % Difference from 12 Months Ago (August 2019 to August 2020) 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 -0.8% -0.5% 0.0% 5.8%
  • 6. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board August 2020 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 $993,600 $984,100 $983,400 $971,200 $967,700$959,900 $946,800$940,000 $927,900 $920,300 $907,900 $901,500$899,500 $884,900 $874,900 $871,900 $870,300 $864,800 $860,000 $858,700 $858,100 $853,600 $848,700 $847,800 $846,700 $839,100 $832,000 $822,100$821,000 $819,100 $816,100 $807,800 $805,800 $803,000 $799,800 $795,500 $789,300 $788,600 $785,000 $781,900 $780,500 $778,100 $777,400 $768,000 $762,900 $759,300 $759,200 $750,200 $748,100 $747,400 $745,700 $745,100 $744,000 $722,200 $721,700 $721,600 $721,500 $719,700 $717,000 $706,500 $706,400$706,400 $699,400$698,500 $694,000 $693,900 $689,300 $689,200 $685,600 $681,900 $680,800 $680,000 $678,200 $671,000 $670,200 $668,100 $664,200 $662,200 $649,600 $642,900 $638,800 $638,600 $638,000 $626,300 $625,500 $622,900 $617,300 $613,800 $610,200 $598,900 $597,600 $594,700 $591,000 $582,900 $569,300 $568,700 $567,900$560,000 $552,000 $544,100 $536,900 $536,000 $535,100 $533,100 $532,000 $527,000 $525,200$522,000 $512,200 $511,100 $487,300 $481,000 $470,300 $466,100 $458,200 $455,800 $455,400 $453,600 $438,900 $437,700 $404,900 $394,500 $370,800 $357,100 $357,000 $354,600 $349,200 $347,700 $332,600 $329,800 $321,400 $308,000 $292,400 $291,500 $284,200 $282,400 $265,000 $1,233,600 $1,229,800$1,213,200 $1,211,500 $1,197,700 $1,178,400 $1,022,800 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 August 2020 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 263.0 262.4 253.9 244.9 244.2 241.6241.6 238.0 235.7 235.4 235.2 235.1 234.7 234.5 233.7 230.2 230.2 228.9 228.6 228.5 228.5228.0 226.8 226.3 226.0 226.0 225.5 225.3 224.9 224.6 224.3 224.0 223.8 223.5 222.8 222.8 222.8 220.9 220.9 220.8 220.2 220.1 219.8 219.5 219.0 218.8 218.6 218.6 218.2 218.0 217.6 217.5 217.4 217.3 217.0 216.9 216.1 216.1 215.7 215.1 214.3 214.2 213.7 213.5 212.5 212.4 211.8 211.3 210.8 210.6 210.1 208.5 208.4 207.4 207.2 206.8 206.0 205.0 203.9 202.1 201.9 201.8 201.6 201.6 201.4 200.8 200.0 199.9 199.3 199.2196.2 195.3 194.3 193.7 192.9 191.9 190.1 189.9 186.3 184.2 184.1 183.9 182.9 181.5 181.0 180.2179.1 159.6 157.9 157.2 157.2 155.9 155.3 153.4 152.4 150.9 149.0 145.9 145.0 143.4 142.5 141.4 137.7 134.8 133.8 119.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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 August 2020 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 Langford – Con Colwood – Con Sidney – Con Central Saanich – Con $825,900 $820,800$810,600 $785,900$780,500 $747,600 $633,600 $615,600$615,400$614,100 $613,600 $531,200 $528,700 $522,400 $519,700 $519,600$516,500 $514,300 $509,000 $506,400 $504,900$504,900 $497,600 $492,600 $488,900 $488,200 $487,200 $486,900 $486,000$482,700 $482,100$481,500 $476,900 $476,700 $474,800 $474,400$473,600$465,800 $459,900 $455,000$452,600 $447,400$446,700 $446,000 $437,200 $435,400 $434,600 $433,000 $432,100 $430,900 $429,000$426,900$426,600 $425,800$424,200 $423,100 $422,700 $416,400 $415,000$412,900$412,300 $406,400 $398,400 $388,700 $384,900$383,700 $374,900 $370,500 $369,000 $361,400 $354,100 $350,900 $338,800 $336,200 $332,800 $321,100 $312,700 $305,100 $298,300 $281,700 $263,500 $263,400 $258,600 $255,600 $253,000 $245,500 $210,400 $205,300 $203,900 $202,500 $191,500 $176,600 $171,400 $169,700 $161,300 $155,700 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 August 2020 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 Langford – Con Colwood – Con Sidney – Con Central Saanich – Con 271.1 268.2266.8 266.0264.7264.5 264.4 263.7263.3 262.3 259.8 258.2 255.3 254.9 254.8253.3 252.6 252.2 252.1 251.3 250.4 249.6 248.4 248.3 247.9 247.6247.6 247.5 247.2 247.0 246.4 243.8 243.3243.2242.7 242.5 242.3 241.9 240.6 240.0 239.4 239.3 238.4 238.1237.8 237.1 237.0 235.0 234.1 233.8233.5 232.3 232.2 232.1 232.0 231.1230.7 230.4 229.7 226.9 225.6 225.0 221.0 220.7 218.7 215.9 215.0 211.7 207.8 206.6 198.7 192.4 166.1 163.3 156.8 155.3 152.6 152.3 149.6 149.1 147.3 147.1 139.0 131.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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 August 2020 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 $732,100 $717,800 $709,200 $704,600 $696,600 $694,600 $687,300 $673,500 $673,000$672,000 $670,700 $664,500 $658,900 $653,000 $646,200 $641,700 $637,200 $632,200 $632,000 $631,800 $630,500 $630,400$627,400 $626,900 $625,500 $624,000 $613,700 $613,500 $607,600 $600,600 $597,700 $595,800 $595,300$594,200 $591,700 $588,800 $587,600 $586,300 $584,200 $581,900 $581,400 $580,100 $579,800 $578,500$573,700 $573,600 $573,500 $572,900 $569,700 $568,500 $566,700 $566,300 $563,200 $557,800 $557,100 $555,900 $551,000 $547,800 $542,100 $539,300 $538,600 $538,500$537,000 $531,900 $528,600 $520,200 $516,500$510,900 $508,100$503,400 $500,600 $499,000$495,300 $490,200 $488,400 $485,000 $481,400 $477,000 $476,800 $473,600 $470,400 $466,000 $459,600 $450,800 $432,500 $419,700 $419,000 $414,500 $404,700 $398,300 $397,100 $395,300 $367,700 $359,500 $355,600 $352,900 $340,300 $334,600 $324,200 $322,600 $287,700 $278,300 $269,500 $266,600 $266,100 $261,800 $256,100 $250,100 $247,600 $245,700 $241,900 $234,700 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Townhouse (Twn)
  • 11. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat & Area – Twn GI Gulf Islands – Twn 289.9 277.6 271.8271.4 270.9 265.7 252.8 252.1 250.1 247.9 245.3 244.4 244.1 243.4 242.7 239.8 237.9 235.0 234.1 230.6 229.2 228.7 226.9 226.6 225.5 225.2 224.6 223.5 222.9 222.6222.0 221.5 220.6 220.5 219.8 219.6 219.2 218.4 218.1 217.9 217.5 217.0 216.8 215.9 215.3 215.3 215.2 215.1 213.9213.5 212.6 211.7 211.1 208.9 208.1 204.5 203.8 202.4 202.3 199.9 199.5 197.2 196.8 194.1 194.1192.3 192.0 191.8 191.2 190.6 189.4 189.2 188.9 188.4 188.0 187.5186.5 186.2 183.7 182.0 172.7 172.2 171.4 169.2 168.9 158.8 152.0 151.5 148.3 147.8 146.8 145.9 145.4 143.6 135.1 130.0 126.6 123.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Townhouse (Twn)
  • 12. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All Select Date Range: All values Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 800,000 900,000 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 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type Condo Apartment (Con) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 14. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn Select Date Range: All values Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 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
  • 16. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume August 2020 District Produced: 01-Sep-2020 Residential Single Family Detachedl Greater Victoria Victoria / Victoria West 43 $47,547,981 Oak Bay 29 $40,834,458 Esquimalt 11 $9,889,000 View Royal 11 $11,132,000 Saanich East 87 $99,768,924 Saanich West 37 $35,421,851 Central Saanich 24 $26,779,900 North Saanich 33 $41,991,500 Sidney 21 $21,247,000 Highlands 6 $6,380,000 Colwood 21 $17,425,668 Langford 71 $60,298,087 Metchosin 5 $5,002,000 Sooke 50 $32,203,382 Gulf Islands 44 $38,361,967 Total Greater Victoria 493 $494,283,718 Other Areas Malahat & Area 16 $13,846,300 Total Other Areas 16 $13,846,300 Total Single Family Detached 509 $508,130,018 Condo Apartmentl Greater Victoria Victoria / Victoria West 112 $54,884,050 Oak Bay 7 $3,155,000 Esquimalt 16 $8,113,600 View Royal 5 $2,490,900 Saanich East 35 $16,796,400 Saanich West 14 $6,135,400 Central Saanich 1 $469,900 North Saanich 4 $3,071,800 Sidney 17 $9,277,600 Colwood 5 $2,647,500 Langford 41 $17,135,550 Sooke 5 $1,931,900 Total Greater Victoria 262 $126,109,600 Total Condo Apartment 262 $126,109,600 Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
  • 17. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume August 2020 District Produced: 01-Sep-2020 Row/Townhousel Greater Victoria Victoria / Victoria West 22 $15,300,300 Oak Bay 1 $835,000 Esquimalt 2 $1,150,000 View Royal 3 $1,637,000 Saanich East 26 $19,776,900 Saanich West 7 $4,638,500 Central Saanich 7 $4,963,700 Sidney 10 $5,978,000 Colwood 10 $6,531,736 Langford 39 $20,119,150 Sooke 10 $4,778,700 Gulf Islands 3 $1,428,000 Total Greater Victoria 140 $87,136,986 Total Row/Townhouse 140 $87,136,986 Manufactured Homel Greater Victoria View Royal 2 $384,888 Central Saanich 6 $1,944,900 Sidney 3 $1,348,000 Langford 7 $1,217,100 Sooke 5 $1,109,900 Gulf Islands 1 $299,000 Total Greater Victoria 24 $6,303,788 Other Areas Malahat & Area 1 $195,000 Total Other Areas 1 $195,000 Total Manufactured Home 25 $6,498,788 Total Residential 936 $727,875,392 Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
  • 18. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume August 2020 District Produced: 01-Sep-2020 $752,094,418979Grand Totals Other Property Lots & Acreagel Greater Victoria Victoria / Victoria West 2 $1,730,000 Saanich East 1 $1,000,000 Saanich West 1 $626,600 North Saanich 5 $3,274,000 Sidney 1 $1,345,000 Langford 3 $908,800 Sooke 2 $760,000 Gulf Islands 13 $5,305,350 Total Greater Victoria 28 $14,949,750 Other Areas Malahat & Area 3 $1,479,000 Total Other Areas 3 $1,479,000 Total Lots & Acreage 31 $16,428,750 -1 ($1,750,000)Commercial Landl 13 $9,540,276Other Commercial Propertiesl Page 3 of 3Victoria Real Estate Board Multiple Listing Service ®
  • 19. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume August 2020 District Produced: 01-Sep-2020 Residential Single Family Detachedl Greater Victoria Victoria 41 $45,747,982 Victoria West 2 $1,799,999 Oak Bay 28 $37,034,458 Esquimalt 11 $9,889,000 View Royal 8 $7,677,000 Saanich East 84 $92,270,924 Saanich West 37 $35,421,851 Central Saanich 22 $22,829,900 North Saanich 28 $29,121,500 Sidney 18 $14,507,000 Highlands 6 $6,380,000 Colwood 21 $17,425,668 Langford 70 $58,968,087 Metchosin 5 $5,002,000 Sooke 46 $29,551,382 Gulf Islands 25 $17,284,586 Waterfront (all districts) 41 $63,372,381 Total Greater Victoria 493 $494,283,718 Other Areas Malahat & Area 13 $10,579,300 Waterfront (all districts) 3 $3,267,000 Total Other Areas 16 $13,846,300 Total Single Family Detached 509 $508,130,018 Condo Apartmentl Greater Victoria Victoria 93 $43,702,050 Victoria West 13 $6,643,500 Oak Bay 7 $3,155,000 Esquimalt 15 $6,163,600 View Royal 5 $2,490,900 Saanich East 35 $16,796,400 Saanich West 14 $6,135,400 Central Saanich 1 $469,900 North Saanich 2 $1,129,800 Sidney 15 $6,657,600 Colwood 4 $2,190,500 Langford 41 $17,135,550 Sooke 3 $1,073,000 Waterfront (all districts) 14 $12,366,400 Total Greater Victoria 262 $126,109,600 Total Condo Apartment 262 $126,109,600 Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
  • 20. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume August 2020 District Produced: 01-Sep-2020 Row/Townhousel Greater Victoria Victoria 17 $11,881,800 Victoria West 4 $2,863,500 Oak Bay 1 $835,000 Esquimalt 2 $1,150,000 View Royal 2 $982,000 Saanich East 25 $18,779,400 Saanich West 7 $4,638,500 Central Saanich 7 $4,963,700 Sidney 10 $5,978,000 Colwood 8 $4,991,736 Langford 39 $20,119,150 Sooke 9 $4,418,700 Gulf Islands 3 $1,428,000 Waterfront (all districts) 6 $4,107,500 Total Greater Victoria 140 $87,136,986 Total Row/Townhouse 140 $87,136,986 Manufactured Homel Greater Victoria View Royal 2 $384,888 Central Saanich 6 $1,944,900 Sidney 3 $1,348,000 Langford 7 $1,217,100 Sooke 4 $889,900 Gulf Islands 1 $299,000 Waterfront (all districts) 1 $220,000 Total Greater Victoria 24 $6,303,788 Other Areas Malahat & Area 1 $195,000 Total Other Areas 1 $195,000 Total Manufactured Home 25 $6,498,788 Total Residential 936 $727,875,392 Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
  • 21. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume August 2020 District Produced: 01-Sep-2020 $752,094,418979Grand Totals Other Property Lots & Acreagel Greater Victoria Victoria / Victoria West 2 $1,730,000 Saanich East 1 $1,000,000 Saanich West 1 $626,600 North Saanich 5 $3,274,000 Sidney 1 $1,345,000 Langford 3 $908,800 Sooke 2 $760,000 Gulf Islands 13 $5,305,350 Total Greater Victoria 28 $14,949,750 Other Areas Malahat & Area 3 $1,479,000 Total Other Areas 3 $1,479,000 Total Lots & Acreage 31 $16,428,750 -1 ($1,750,000)Commercial Landl 13 $9,540,276Other Commercial Propertiesl Page 3 of 3Victoria 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 August 2020 Produced: 01-Sep-2020 10% 20% 30% 40% 50% 60% 70% 80% 90% Aug2018 Sep2018 Oct2018 Nov2018 Dec2018 Jan2019 Feb2019 Mar2019 Apr2019 May2019 Jun2019 Jul2019 Aug2019 Sep2019 Oct2019 Nov2019 Dec2019 Jan2020 Feb2020 Mar2020 Apr2020 May2020 Jun2020 Jul2020 Aug2020 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 August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Single Family - Residential Units Listed 526 Units Sold 393 Sell/List Ratio 75 Sales Dollars $375,253,950 Average Price / Unit $954,845 Price Ratio 99 Days To Sell 33 Active Listings at Month End 692 % % 364 287 79 $243,508,314 $848,461 98 48 889 % % 45 37 54 13 -32 -22 % % % % % % 3431 2208 64 $1,993,844,375 $903,009 99 37 % % 3896 2201 56 $1,811,183,063 $822,891 98 40 % % -12 0 10 10 -9 % % % % % Single Family - Residential Waterfront Units Listed 47 Units Sold 42 Sell/List Ratio 89 Sales Dollars $66,519,381 Average Price / Unit $1,583,795 Price Ratio 97 Days To Sell 68 Active Listings at Month End 135 % % 38 19 50 $23,924,871 $1,259,204 96 55 210 % % 24 121 178 26 23 -36 % % % % % % 318 167 53 $287,057,744 $1,718,909 95 82 % % 349 120 34 $156,079,532 $1,300,663 95 87 % % -9 39 84 32 -5 % % % % % Single Family - Residential Acreage Units Listed 46 Units Sold 47 Sell/List Ratio 102 Sales Dollars $50,645,787 Average Price / Unit $1,077,570 Price Ratio 97 Days To Sell 66 Active Listings at Month End 133 % % 45 28 62 $27,379,520 $977,840 96 80 187 % % 2 68 85 10 -18 -29 % % % % % % 374 221 59 $242,115,385 $1,095,545 97 63 % % 397 178 45 $166,183,991 $933,618 96 72 % % -6 24 46 17 -13 % % % % % Condo Apartment Units Listed 397 Units Sold 262 Sell/List Ratio 66 Sales Dollars $126,109,600 Average Price / Unit $481,334 Price Ratio 98 Days To Sell 48 Active Listings at Month End 760 % % 317 203 64 $99,764,528 $491,451 98 44 626 % % 25 29 26 -2 10 21 % % % % % % 2710 1362 50 $654,850,244 $480,800 98 41 % % 2518 1517 60 $710,042,663 $468,057 98 39 % % 8 -10 -8 3 6 % % % % % Page 1 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 24. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Row/Townhouse Units Listed 149 Units Sold 140 Sell/List Ratio 94 Sales Dollars $87,136,986 Average Price / Unit $622,407 Price Ratio 99 Days To Sell 45 Active Listings at Month End 199 % % 117 59 50 $36,381,600 $616,637 99 53 248 % % 27 137 140 1 -15 -20 % % % % % % 996 663 67 $397,055,639 $598,877 99 46 % % 1000 556 56 $337,294,230 $606,644 98 39 % % 0 19 18 -1 18 % % % % % Half Duplex (Up and Down) 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 1 % % 1 0 0 $0 2 % % 0 -50 % % % % % % 4 2 50 $691,000 $345,500 95 172 % % 2 0 0 $0 % % 100 % % % % % Half Duplex (Side by Side) Units Listed 25 Units Sold 19 Sell/List Ratio 76 Sales Dollars $12,160,900 Average Price / Unit $640,047 Price Ratio 100 Days To Sell 30 Active Listings at Month End 47 % % 9 12 133 $6,217,000 $518,083 98 36 18 % % 178 58 96 24 -18 161 % % % % % % 126 77 61 $50,023,100 $649,651 99 32 % % 89 60 67 $36,820,840 $613,681 98 48 % % 42 28 36 6 -34 % % % % % Half Duplex (Front and Back) Units Listed 4 Units Sold 4 Sell/List Ratio 100 Sales Dollars $2,552,500 Average Price / Unit $638,125 Price Ratio 98 Days To Sell 33 Active Listings at Month End 6 % % 3 2 67 $1,290,500 $645,250 100 36 5 % % 33 100 98 -1 -8 20 % % % % % % 18 12 67 $7,630,400 $635,867 99 34 % % 26 16 62 $11,028,500 $689,281 98 36 % % -31 -25 -31 -8 -5 % % % % % Page 2 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 25. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Recreational Units Listed 3 Units Sold 3 Sell/List Ratio 100 Sales Dollars $210,000 Average Price / Unit $70,000 Price Ratio 92 Days To Sell 20 Active Listings at Month End 15 % % 2 3 150 $166,000 $55,333 81 195 20 % % 50 0 27 27 -90 -25 % % % % % % 26 11 42 $1,097,900 $99,809 93 204 % % 32 15 47 $1,786,100 $119,073 92 77 % % -19 -27 -39 -16 164 % % % % % Manufactured Home Units Listed 17 Units Sold 25 Sell/List Ratio 147 Sales Dollars $6,498,788 Average Price / Unit $259,952 Price Ratio 97 Days To Sell 49 Active Listings at Month End 33 % % 15 16 107 $3,527,499 $220,469 95 60 44 % % 13 56 84 18 -19 -25 % % % % % % 135 105 78 $25,229,997 $240,286 95 59 % % 162 116 72 $24,426,287 $210,571 95 54 % % -17 -9 3 14 9 % % % % % Residential Lots Units Listed 40 Units Sold 15 Sell/List Ratio 38 Sales Dollars $6,969,500 Average Price / Unit $464,633 Price Ratio 96 Days To Sell 74 Active Listings at Month End 143 % % 37 19 51 $7,621,670 $401,141 96 114 184 % % 8 -21 -9 16 -35 -22 % % % % % % 240 90 38 $39,646,774 $440,520 98 121 % % 288 101 35 $31,982,140 $316,655 95 136 % % -17 -11 24 39 -11 % % % % % Residential Lots - Waterfront Units Listed 6 Units Sold 3 Sell/List Ratio 50 Sales Dollars $1,000,000 Average Price / Unit $333,333 Price Ratio 96 Days To Sell 73 Active Listings at Month End 37 % % 8 0 0 $0 28 % % -25 32 % % % % % % 48 10 21 $6,163,125 $616,313 91 185 % % 38 10 26 $6,115,944 $611,594 95 269 % % 26 0 1 1 -31 % % % % % Page 3 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 26. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Residential Acreage Units Listed 13 Units Sold 8 Sell/List Ratio 62 Sales Dollars $5,305,250 Average Price / Unit $663,156 Price Ratio 90 Days To Sell 240 Active Listings at Month End 66 % % 11 3 27 $1,582,000 $527,333 95 71 92 % % 18 167 235 26 237 -28 % % % % % % 109 51 47 $30,560,350 $599,223 93 155 % % 118 35 30 $19,806,500 $565,900 93 146 % % -8 46 54 6 6 % % % % % Residential Acreage - Waterfront Units Listed 4 Units Sold 5 Sell/List Ratio 125 Sales Dollars $3,154,000 Average Price / Unit $630,800 Price Ratio 90 Days To Sell 301 Active Listings at Month End 26 % % 3 1 33 $355,000 $355,000 94 22 30 % % 33 400 788 78 1269 -13 % % % % % % 30 17 57 $14,972,182 $880,717 90 196 % % 32 9 28 $16,880,000 $1,875,556 96 267 % % -6 89 -11 -53 -27 % % % % % Revenue - Duplex/Triplex Units Listed 3 Units Sold 1 Sell/List Ratio 33 Sales Dollars $787,500 Average Price / Unit $787,500 Price Ratio 97 Days To Sell Active Listings at Month End 10 % % 7 0 0 $0 19 % % -57 -47 % % % % % % 37 23 62 $22,588,450 $982,107 96 41 % % 34 9 26 $8,711,800 $967,978 97 39 % % 9 156 159 1 7 % % % % % Revenue - Multi Units Units Listed 8 Units Sold 5 Sell/List Ratio 63 Sales Dollars $7,025,000 Average Price / Unit $1,405,000 Price Ratio 93 Days To Sell 87 Active Listings at Month End 23 % % 2 1 50 $1,150,000 $1,150,000 92 102 6 % % 300 400 511 22 -15 283 % % % % % % 33 7 21 $11,425,000 $1,632,143 91 84 % % 13 5 38 $7,638,000 $1,527,600 96 77 % % 154 40 50 7 10 % % % % % Page 4 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 27. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 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 2 % % -100 % % % % % % 9 3 33 $8,498,900 $2,832,967 93 128 % % 8 3 38 $11,280,000 $3,760,000 93 89 % % 13 0 -25 -25 44 % % % % % Revenue - Commercial Units Listed 9 Units Sold 1 Sell/List Ratio 11 Sales Dollars $585,000 Average Price / Unit $585,000 Price Ratio 88 Days To Sell 96 Active Listings at Month End 50 % % 3 1 33 $255,000 $255,000 93 268 38 % % 200 0 129 129 -64 32 % % % % % % 59 10 17 $8,025,900 $802,590 95 91 % % 59 22 37 $12,399,120 $563,596 94 103 % % 0 -55 -35 42 -12 % % % % % Revenue - Industrial Units Listed 4 Units Sold 4 Sell/List Ratio 100 Sales Dollars $1,930,200 Average Price / Unit $482,550 Price Ratio 104 Days To Sell 91 Active Listings at Month End 10 % % 0 0 $0 1 % % 900 % % % % % % 6 4 67 $1,930,200 $482,550 104 91 % % 2 1 50 $249,000 $249,000 100 21 % % 200 300 675 94 335 % % % % % Business with Land & Building 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 9 % % 4 2 50 $28 $14 110 28 % % -100 -100 -100 -68 % % % % % % 41 17 41 $27,563,992 $1,621,411 91 144 % % 38 11 29 $6,770,087 $615,462 106 133 % % 8 55 307 163 8 % % % % % Page 5 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 28. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Business Only Units Listed 7 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 44 % % 6 0 0 $0 71 % % 17 -38 % % % % % % 77 14 18 $1,103,000 $78,786 76 114 % % 94 22 23 $1,821,500 $82,795 73 106 % % -18 -36 -39 -5 7 % % % % % 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 1 % % -100 % % % % % % 2 0 0 $0 % % 1 0 0 $0 % % 100 % % % % % Lease - Office Units Listed 11 Units Sold 1 Sell/List Ratio 9 Sales Dollars $15 Average Price / Unit $15 Price Ratio 100 Days To Sell 165 Active Listings at Month End 74 % % 6 0 0 $0 21 % % 83 252 % % % % % % 64 4 6 $69 $17 223 261 % % 35 10 29 $200 $20 183 % % 83 -60 -65 -14 43 % % % % % Lease - Retail Units Listed 9 Units Sold 2 Sell/List Ratio 22 Sales Dollars $61 Average Price / Unit $30 Price Ratio 98 Days To Sell 75 Active Listings at Month End 47 % % 1 2 200 $57 $29 137 25 % % 800 0 6 6 -45 88 % % % % % % 43 11 26 $1,882 $171 110 208 % % 31 8 26 $173 $22 3 117 % % 39 38 987 690 78 % % % % % Page 6 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 29. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 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 1 % % -100 % % % % % % 1 0 0 $0 % % 1 0 0 $0 % % 0 % % % % % Lease - Industrial 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 8 % % 0 0 $0 0 % % % % % % % % 3 1 33 $14 $14 111 304 % % 1 1 100 $9 $9 45 % % 200 0 56 56 576 % % % % % Lease - Other 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 1 % % 4 3 75 $47 $16 244 25 % % -100 -100 -100 -96 % % % % % % 51 2 4 $30 $15 61 % % 35 13 37 $259 $20 164 % % 46 -85 -88 -25 -63 % % % % % Commercial Land Units Listed 2 Units Sold -1 Sell/List Ratio -50 Sales Dollars -$1,750,000 Average Price / Unit $1,750,000 Price Ratio 100 Days To Sell Active Listings at Month End 15 % % 3 0 0 $0 17 % % -33 -12 % % % % % % 26 0 0 $0 472 % % 23 2 9 $1,520,000 $760,000 84 250 % % 13 -100 -100 89 % % % % % Page 7 of 8Victoria Real Estate Board Multiple Listing Service ®
  • 30. Monthly Comparative Activity By Property Type Includes All MLS® Property Types August 2020 Current Month This Year % ChangeLast Year Year To Date This Year % ChangeLast Year Produced: 01-Sep-2020 Units Listed 1333 Units Sold 979 Sell/List Ratio 73 Sales Dollars $752,094,418 Average Price / Unit $768,227 Price Ratio 98 Days To Sell 47 Active Listings at Month End 2584 % % Grand Totals 1006 661 66 $453,123,634 $685,512 98 53 2838 % % 33 48 66 12 -13 -9 % % % % % % 9017 5092 56 $3,832,075,653 $752,568 98 48 % % 9322 5041 54 $3,380,019,937 $670,506 98 48 % % -3 1 13 12 0 % % % % % Page 8 of 8Victoria Real Estate Board Multiple Listing Service ®