Victoria Property Market and Real Estate Guide

(Victoria, British Columbia - BC, Canada)

Victoria is the largest city on the island of Vancouver and also one of the most popular tourist destinations in Canada. People flock here from all over the world to explore the parks, learn about the architectural heritage and enjoy the mild weather.

The property market has boomed in Victoria in recent years, with property prices rising considerably. However, there are still plenty of affordable homes available, while those in search of luxurious accommodation will be spoilt for choice.


The most popular places to buy and rent property in Victoria are around the harbour area, especially in the neighbourhoods of James Bay, Harris Green and North Park. There are also a good number of modestly priced properties located to the north of the city, in neighbourhoods such as Royal Oak and Sevenoaks.

Renting Serviced Apartments

Although generally 10 to 20 percent more costly than regular apartments, Victoria serviced apartments are the first word in style and luxury and there are plenty to choose from, especially around the harbour area. One to two-bedroom suites and studio apartments come fully fitted and include a wide range of modern conveniences.

Serviced apartments often offer outstanding ocean views and communal areas, with facilities such as picturesque gardens and swimming pools for renters to make use of.

Buying Apartments and Houses

There is a wide range of property available in Victoria. In addition to the actual cost of the property, buyers need to allow an extra fee of a few hundred Canadian dollars to cover the building inspection. Expats are able to buy property here without problem, but are advised to check whether there are any province-specific property restrictions on foreigners.

A lawyer or notary is also needed in order to file all papers and make sure that the transaction goes smoothly. Typically, these fees run up to CAD 1,000 or more, while relevant property taxes also need to be paid and can also be handled by a lawyer or notary.

Real Estate Agents

The great thing about purchasing real estate in Victoria is that there is a wide range of available and plenty of agents to choose from. This means that buyers should take their time selecting the best agent for them. The best way to ensure that you select a reliable agent is by checking their website in advance and reading recommendations from customers.

Here are just a few of the following Victoria real estate agents:

Royal LePage Coast Capital Realty
Address: 1075 Pandora Avenue, Victoria, British Columbia, V8V 3P7, Canada, CA
Tel: +1 250 920 7000
Email: info@propertiesinvictoria.com
Website: www.propertiesinvictoria.com
This experienced real estate agent offers a wide range of services, from property rental to mortgage calculation, with properties available to buy and rent all over the city.

Fair Realty
Tel: +1 205 480 3000
Email: admin@fairrealty.ca
Website: www.fairrealty.com
With 15 years of expertise in the Victoria property market, Fair Realty provides a professional and friendly service and has a good selection of properties to buy and rent on their books.

Brown Bros Real Estate
Address: 1125 Blanshard Street, Victoria, British Columbia, V8W 2H7, Canada, CA
Tel: +1 250 385 8780
Website: www.brownbros.com
Established in 1918, Brown Bros Real Estate covers all areas of Victoria and offers clients the full range of property rental and purchasing services.