Victoria Home Price Index

Victoria Real estate Board (VREB) reported the Home Price Index benchmark value for a single-family home in the Victoria Core in January was $847,800, which is a 0.9 per cent net increase from January 2018. 

From December 2018 to January 2019, prices fell from $858,600 to $847,800 – a decrease of 0.98 per cent. CREA reported the price of a typical house in Canada reached $613,500 in January, down 0.52% from the month before. Prices are 0.79% higher than the same month last year, but down 2.28% from the peak reached in May 2018. Vancouver made the largest decline, with the price of a typical home falling to $1,019,600 in January – a 4.52% decline compared to last year. Even so, Vancouver remains the most expensive market in the country.