Moving to Victoria in the Summer of 2026?

If you’re thinking about making the move to Victoria this summer, you picked a good time to start paying attention. The market here has shifted over the past year, and if you understand what’s happening you’ll be in a much better position whether you’re buying your first place or looking for the right neighbourhood to land in.

What’s Happening in the Market Right Now

Greater Victoria is sitting in what I’d call a healthy, balanced market this summer. In July, 673 properties sold across the region, which is basically flat compared to July of last year. What’s more interesting is what’s behind that number.

Single family home sales are actually up over 4 percent year over year, while condo and townhome sales have cooled off a bit. That tells me buyers are still out there and still serious, but they’re being more selective about what they’re buying.

The biggest change is inventory. There were close to 3,850 active listings at the end of July, up almost 4 percent from last year. That’s given buyers more room to breathe and more time to make decisions instead of feeling rushed into an offer. For sellers, it means presentation and pricing matter more than ever. A home that’s priced right and shows well is still going to sell in a reasonable timeframe. A home that’s overpriced or needs work is going to sit, because buyers have options now and they know it.

If you’re moving here from a hotter market, this is worth knowing. Victoria isn’t the frenzy it was a few years ago. You can actually take a breath, see a few places, and make a thoughtful decision. That’s good news for anyone relocating.

What to Expect as a New Buyer

A few things to keep in mind if you’re coming from out of town.

Take your time, but not too much time. With more inventory on the market, you don’t need to make a decision the day you see a place. That said, well priced homes in good locations are still moving, so when something checks your boxes, don’t sit on it for weeks.

Get to know the neighbourhoods before you commit. Victoria is made up of a bunch of distinct pockets, each with its own personality, price point, and lifestyle. Spending a weekend or two exploring before you start touring homes will save you a lot of second guessing later.

Budget for more than the purchase price. Property transfer tax, inspection costs, and moving expenses all add up, especially if you’re coming from another province. Happy to walk you through what that looks like for your specific situation.

A Few Areas Worth Knowing

James Bay

This is where I live and work, so I might be a little biased, but James Bay is one of the most walkable and character filled neighbourhoods in Victoria. You’re minutes from the Inner Harbour, Beacon Hill Park, and some of the best coffee shops in the city. It’s a mix of heritage homes, newer condo developments, and a strong sense of community. Great option if you want to be close to downtown without actually living in the middle of it.

Sidney

About 25 minutes north of downtown, Sidney has a small town, seaside feel that a lot of people fall in love with once they visit. It’s got a walkable main street, a great waterfront, and it’s close to the airport and ferry terminal, which matters if you’re still traveling back and forth for work or family. It tends to attract downsizers and retirees, but I’m seeing more young families discover it too.

Cadboro Bay

Tucked into Saanich near the University of Victoria, Cadboro Bay is quiet, established, and close to the water. Think mature trees, larger lots, and a beach you can actually walk to. It’s a favourite for families who want space and good schools without giving up proximity to the city. Homes here tend to hold their value well, which is worth knowing if you’re thinking long term.

The Bottom Line

Victoria in the summer of 2026 is a market that rewards buyers who do their homework and sellers who present well. Whether you’re eyeing James Bay’s walkability, Sidney’s small town charm, or Cadboro Bay’s family friendly streets, there’s a spot on this island that’s going to fit your life.

If you’re relocating and want a real conversation about what the market looks like right now, or you just want someone to show you around a few neighbourhoods before you commit to anything, reach out. I’d love to help you find your spot.