![]() The average monthly rent for a home in Victoria is between $1,200 and $3,000, depending on the home type, size, and location. In those areas, residential real estate prices range from $350,000 to over $1.2 million. Homebuyers may look in the Harris Green, North Park, Hillside, and Burnside neighbourhoods to find more affordable properties. Spacious floorplans with basement suites dominate the interior home designs, while their yards feature exquisite gardens filled with native plants galore.ĭowntown Victoria features many excellent condos ready to own, although they're often selling for more than the average price in the region. Home prices range from $800,000 to over $1.75 million in those areas. Homebuyers can set their sights on Fernwood and Oaklands for upscale inland homes. Oceanfront homes in Oak Bay, Victoria West, and Fairfield East never fail to fetch a high price. In James Bay, for example, homes can easily reach $3.5 million due to their prime location and upscale amenities. Not surprisingly, single-family homes in Downtown Victoria and by the waterfront are the priciest. Victoria, BC, home prices range from $350,000 to over $3 million. The tight rental market may make it harder to find vacancies, resulting in a marked increase in the monthly rate. Rental rates will likely continue to rise as would-be homeowners decide to rent for now. Townhomes in Victoria list from the high $500s. Victoria condos list from the $200s but are more commonly listed from the $500s and up. For now, the average cost of single-family homes is $1.2 million. This capital city ranks number five for high rental rates, too, with a two-bedroom apartment costing an average of $2,800 per month.Ĭomparison of Median Housing Costs in VictoriaĮxperts expect residential real estate prices to fall by 10% by the end of 2023 as high interest rates prevent prospective homebuyers from making their move. On average, homes in Victoria sell for about $1 million, which is comparable to other high-cost living areas like Toronto. Ready to see just what it costs to live in Victoria? Here's a look at the cost of housing, food, transportation, and more. The city offers excellent value for the money, especially considering the vast selection of waterfront homes. With the number of people moving to Victoria, predictions indicate that the population could jump by 22% in the next two decades. Despite that, the population continues to grow yearly and shows no signs of stopping. With its stunning Victorian architecture, scenic landscapes, and endless opportunities for outdoor adventures, this city is highly regarded as a great place to live.Īlthough Victoria's relatively low cost of living was once highly enticing to homebuyers and renters alike, prices have been slowly rising over the years. A Pacific Coast treasure, Victoria, BC, is the beloved provincial capital on Vancouver Island.
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