6191 replies to this topic

[Mike K.]

We did have a big undersupply and then we sent 500K foreign students home and didn't renew the work permits of hundreds of thousands. That quickly tipped the scales in the other direction as shown by a drop in population as opposed to massive increases in recent years.

The provincial government is actively reminding municipalities to meet the housing quotas set by them. If there is an over-supply, why is the government still forcing adherence to its housing quotas, and reminding municipalities that it will deploy housing advisors if they do not satisfy the expectations set by the province?

[spanky123]

The provincial government is actively reminding municipalities to meet the housing quotas set by them. If there is an over-supply, why is the government still forcing adherence to its housing quotas, and reminding municipalities that it will deploy housing advisors if they do not satisfy the expectations set by the province?

 

Because it sells well with their base? Why did they let the population increase by 1M a year when we were only adding 250K homes a year to inventory?!

[Mike K.]

Does that not conflict with your calls in another discussion, for us to be more trusting of what our governments say and do?

[dasmo]

Point to Mike…

[Victoria Watcher]

Vancouver area home sales hit lowest level in more than two decades in 2025


https://www.cbc.ca/n...sales-9.7034552

Edited by Victoria Watcher, 15 January 2026 - 12:11 PM.

[Citified.ca]

January's real-estate market in Victoria showed relatively significant price gains year-over-year for houses and condos, and even townhomes were up slightly.

 

Sales were lower than in 2025, but in line with 2023 and 2024.

 

Prices up, sales down as 2026 Victoria real-estate market starts with mixed bag

https://victoria.cit...rket-mixed-bag/

[Victoria Watcher]

Victoria’s real estate market is showing early signs of oversupply as inventory rises and condo sales slow, pointing toward a more competitive, buyer-driven market in 2026.

Data from Victoria-based realtors show active listings increasing across Vancouver Island, while condo sales declined by about 36 per cent year over year. The trend suggests there’s no need for additional condo listings in the near term, raising questions about how developers will adapt in the next development cycle.

According to the report, 451 properties were sold in Greater Victoria in November 2025, marking an 18.1 per cent decrease compared to November 2024 and a 26.9 per cent drop from October 2025.

Read more at: https://vicnews.com/...-of-oversupply/

Edited by Victoria Watcher, 05 February 2026 - 05:25 AM.

[lanforod]

There aren't many condos under construction, right? It's mostly rentals?

[Mike K.]

Correct. We do not have a condo over supply problem, as far as I can tell.

[Tony]

Sales numbers tend to drop towards the end of the year and pick up as the new year progresses.

 

Comparing month on month data by year is a better indicator of trends rather tha sale in November compared to December. Actual sales numbers are also generally more useful in making comparisons rather than percentages.

[Mike K.]

January of 2026 was as busy as January of 2023 and 2024, and 2015, and 2019.

[Mike K.]

Vancouver, Victoria and Kelowna – B.C.’s largest metropolitan areas – all posted property value declines in 2025.

- https://www.theglobe...canadian-boost/

Globe and Mail hasn’t checked the data.

Victoria prices were up in 2025, not down. In every single category:

SFDs
2025 avg 1.305M med 1.160M
2024 avg 1.270 med 1.145M

Condos
Avg 609k med 545k
Avg 598k med 540k

TH
Avg 830k med 792k
Avg 823k med 774k