Hello ,

April wrapped up with a market that’s feeling a little more active—but still very balanced depending on where you’re looking. If you’re buying or selling right now, the details matter more than ever, and this month’s update breaks down exactly what’s happening across Greater Victoria and what it could mean for your next move.

Real estate decisions don’t happen in a vacuum—and right now, strategy matters more than ever. If you’re thinking about making a move, I’m here to help you navigate it with clarity and confidence.

Warm regards,
Jacqueline

Jacqueline Ross, REALTOR® | Your Van Isle Home 
250-415-5656 | jac@yourvanislehome.com | YourVanIsleHome.com 
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Helping buyers and sellers across Greater Victoria make calm, confident decisions—no matter what the market is doing.

Greater Victoria’s spring market is settling into a steady, balanced rhythm—something we haven’t consistently seen in recent years. With 643 total sales in April (up 11.1% from March) and inventory continuing to rise, both buyers and sellers are finding opportunity right now.

At the same time, the broader economic picture is playing a role. The Bank of Canada has held its overnight rate at 2.25%, signaling stability after a period of uncertainty. While borrowing costs remain higher than a few years ago, this pause is helping buyers plan with more confidence and reducing some of the urgency we saw when rates were rapidly changing.

We’re also seeing continued pressure from the cost of living, with everyday expenses still elevated and unemployment gradually ticking up across parts of Canada. This is keeping some buyers cautious—but not out of the market. Instead, it’s creating more thoughtful, strategic decision-making on both sides.

What this means if you’re buying:
You have more selection, more time, and a clearer understanding of your financing environment. With rates holding, many buyers are re-entering the market with confidence.

What this means if you’re selling:
Buyers are still active—but more selective. Pricing, presentation, and positioning are key to standing out and achieving strong results.

This “Goldilocks” market—combined with a stabilizing economic backdrop—is creating a window where smart, well-informed moves are paying off.

If you want to understand what this looks like in your neighbourhood or price range, I’m always happy to walk you through it. Read on for the complete market breakdown: