A balanced Victoria real estate market continues to provide consumers with options

A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 per cent fewer than the 654 properties sold in October 2024 and 11.4 per cent more than in September 2025. Sales of condominiums decreased by 15 per cent from October 2024 with 159 units sold. Sales of single family homes increased by 2.9 per cent from October 2024 with 350 sold.

“The local real estate market remains reasonably balanced,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Single family homes are currently seeing the strongest demand, and this month we saw the highest number of October sales since 2020. However, condo sales were slightly more restrained than single family and townhome sales over the past month. We have not seen a significant decrease in prices as a result, but those shopping for condos will find a good variety to choose from with time to make decisions.”

There were 3,423 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2025, a decrease of 7.3 per cent compared to the previous month of September and an 8.3 per cent increase from the 3,161 active listings for sale at the end of October 2024.

“The Bank of Canada made another interest rate cut late in October,” notes Chair VanderWal. “It’s too early to determine if this will affect demand, but consumers are likely watching and waiting to see what will happen to fixed and variable mortgage rates. As we move toward winter, the housing market tends to cool off with the weather. The Victoria real estate market is dynamic, and can change course depending on consumer activity. For assistance selling or buying, connect with your favourite Victoria REALTOR® who can help you understand the trends and how your property fits in the current market.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2024 was $1,300,200. The benchmark value for the same home in October 2025 decreased by 1.8 per cent to $1,276,500, down from September’s value of $1,294,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2024 was $547,800, while the benchmark value for the same condominium in October 2025 increased by 0.6 per cent to $551,000, up from the September value of $547,500.

CONTACT US AT info@bchomegroup.ca
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A new community is taking shape in one of Greater Victoria’s most sought-after neighbourhoods — and it’s already attracting strong attention from homebuyers and investors. Marlowe, located at 4201 Tyndall Avenue in Saanich’s Gordon Head area, is a thoughtfully designed collection of condominiums and townhomes now in pre-sales and under active construction. With completion planned for 2026, this development blends attainability, lifestyle, and long-term value in a way few projects in the region do.

Designed for first-time buyers, young families, downsizers, and investors, Marlowe brings much-needed new housing to Victoria’s urban core with a mix of studio, one-, two-, and three-bedroom homes, plus spacious three-bedroom townhomes.

A Community Rooted in Gordon Head Living

Situated in the 4200-block of Tyndall Avenue, Marlowe places residents in the heart of a well-established neighbourhood known for:

• Quiet, family-friendly streets

• Proximity to parks and recreation

• Access to schools and UVic

• Urban convenience within a residential setting

• Short commutes to downtown Victoria

This location is especially appealing to local buyers, parents with school-aged children, and investors targeting long-term rental demand from students, professionals, and families.

Modern Homes for Every Stage of Life

Marlowe offers a range of floorplans to suit different needs and budgets, including:

• Studios & bachelor suites — perfect for first-time buyers and investors

• 1-bedroom and 2-bedroom condos — ideal for singles, couples, and downsizers

• 3-bedroom layouts — appealing to growing families and multi-person households

• Townhomes — featuring three bedrooms, private entries, and more living space

This variety positions Marlowe as one of the most flexible pre-sale opportunities in Saanich, appealing to a wide demographic.

Designed and Developed for Long-Term Value

Backed by trusted developers Cadillac Homes and Tri-Eagle Development Corporation, Marlowe is being constructed with quality and function in mind:

• Woodframe construction

• Three-storey residential design

• Surface parking

• Planned show suite launching this spring

• Hard hat tours available now by request

These details ensure purchasers have confidence in both craftsmanship and project delivery timelines — a major advantage in the pre-sale market.

VIP Interest Already Taking Off

Even before the official public launch, interest in Marlowe has been strong. Thirteen homes have already sold to VIP registrants, signaling early confidence from local and investor buyers.

For serious purchasers, exclusive hard hat tours are now being offered. Closed-toe shoes are required, and all safety gear (such as vests and helmets) will be provided. This private access offers a behind-the-scenes look at the community before the show suite opens.

Show Suite Launching Soon

A fully staged show suite is set to debut this spring, giving buyers a firsthand look at interior finishes, layout options, and design selections. Interested clients are encouraged to stay connected and register early to receive an invitation to the opening.

Strong Appeal for Investors, First-Time Buyers & Families

Marlowe has been carefully tailored to attract a range of buyer types:

✅ First-time buyers — entry-level pricing and attainable ownership options
✅ Investors — high rental demand from UVic, Camosun, and military personnel
✅ Local families — access to schools, transit, parks and multi-bedroom homes
✅ Downsizers — low-maintenance living in a quiet, established neighbourhood
✅ Out-of-province buyers — long-term appreciation in a high-demand region
✅ Townhome buyers — three-bedroom layouts with more space and privacy

By offering both condos and townhomes, this development supports multiple buyer profiles within one cohesive community.

A Limited Opportunity in the Urban Core

With pre-sales now underway and interest increasing, Marlowe is positioned to sell quickly — especially as construction progresses and the show suite opens. As Greater Victoria continues to face housing constraints and growing demand, opportunities like this are becoming increasingly competitive.

Unlike many presale projects years from occupancy, Marlowe offers a reasonable timeline to completion, making it especially attractive to those planning a transition or investment over the next one to two years.

Register Now or Book a Hard Hat Tour

With units already sold through VIP access and the show suite launching soon, now is the ideal time to get ahead of the public release.

Location: 4201 Tyndall Avenue, Saanich
️ Status: Under construction — completing in 2026
️ Homes: Studios, 1BR, 2BR, 3BR, and three-bedroom townhomes
Availability: Pre-sales now open

✅ Interested in Marlowe?
Contact us to:

• Book a private hard hat tour

• Register for early access to the show suite

• Request floorplans, availability, or pricing details

• Secure your place in a growing, in-demand community

Now is the time to act — connect with us today to learn more and reserve your opportunity at Marlowe.

Victoria real estate market finds a healthy balance in autumn

A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 per cent fewer than the 571 properties sold in September 2024 and 5.5 per cent more than in August 2025. Sales of condominiums decreased by 18.5 per cent from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 per cent from September 2024 with 289 sold.

“September was another stable month for local real estate,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Stability is a good thing; we don’t want to see huge fluctuations in price or number of sales in our market. A market like we currently are in, that experiences typical seasonality, and includes a healthy amount of inventory and a good selection of interested buyers, is one where we won’t have that overheated pressure on pricing and on transactions that we saw in previous years. Our current market is fairly balanced, with less pressure on both the buyers’ and the sellers’ sides. This means each party in the transaction has time to do their due diligence and make decisions.” 

There were 3,694 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2025, an increase of 2.6 per cent compared to the previous month of August and a 9.9 per cent increase from the 3,361 active listings for sale at the end of September 2024.

“Single family homes and townhome sales remained strong last month,” adds Chair VanderWal. “The condo market proved slightly softer. Decreasing interest rates may bring more buyers into the field, including first time home buyers who often purchase condos. In these balanced market conditions, if you’re selling, it’s important your home is well-presented and correctly priced. If you are purchasing, it’s important you prioritize your needs and wants as there are more options to choose from. Your REALTOR® can help you identify the right strategy for a successful sale or purchase.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2024 was $1,279,700. The benchmark value for the same home in September 2025 increased by 1.2 per cent to $1,294,800, down from August’s value of $1,308,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2024 was $553,400, while the benchmark value for the same condominium in September 2025 decreased by 1.1 per cent to $547,500, down from the August value of $551,300.

Victoria real estate market quiet but steady to summer’s end

A total of 525 properties sold in the Victoria Real Estate Board region this August, 3.7 per cent fewer than the 545 properties sold in August 2024 and 22.8 per cent fewer than in July 2025. Sales of condominiums decreased by 16 per cent from August 2024 with 152 units sold. Sales of single family homes increased by 6.3 per cent from August 2024 with 268 sold.

“August was a quiet but steady month,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Typical of what we’d expect for the time of year, the late summer month saw fewer sales and a small decrease in the available listings. Many people shift focus to vacations and back to school preparation in August. Home buying, selling, and moving projects are often put on hold until fall. Some sellers use the month to prepare their home for listing in the busier fall market.”

There were 3,600 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2025, a decrease of 2.8 per cent compared to the previous month of July and a 12.8 per cent increase from the 3,191 active listings for sale at the end of August 2024.

“We’ve seen fairly stable prices and interest rates for over a year now,” adds Chair VanderWal. “These factors, combined with the improved availability of inventory, have translated into a real estate market which has a much different pace than the highly pressurized conditions that made headlines five years ago. Based on our current conditions, consumers are adjusting their expectations for the time it takes to sell a property, how long they will have to make a decision, and what competition they will encounter. The current market allows buyers and sellers more time to review their options, evaluate properties, and is more supportive of planning and decision making, all of which are helpful when you’re making one of the biggest financial decisions you’ll make in your lifetime. To get started or to evaluate your options as the fall market opens, connect with your favourite local REALTOR® who has insight on up-to-the-minute market conditions.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2024 was $1,287,400. The benchmark value for the same home in August 2025 increased by 1.6 per cent to $1,308,100, down from July’s value of $1,338,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2024 was $559,200 while the benchmark value for the same condominium in August 2025 decreased by 1.4 per cent to $551,300, down from the July value of $563,300.