Quick Review of Benchmark Prices in Greater Victoria

The year-over-year benchmark price of a single-family home in Victoria's core dipped 2.9 per cent to $860,800 in May 2019. A year ago, that price was $886,200. Benchmark prices for single-family homes in other parts of the Capital Region were also down slightly.

In Greater Victoria, the benchmark dropped to $756,000 from $758,800 a year ago. On the Saanich Peninsula, the price dropped to $791,1000 from $808,900 in 2018. Only the West Shore saw an increase in the benchmark price of single-family homes, rising to $637,300 from $627,100 in May 2018. The benchmark price for a condo in the Victoria core increased slightly from $506,100 in May 2018 to $519,300 in May 2019.