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Victoria Real Estate · VREB Real Estate Agent

Victoria's Most Considered Addresses.

A look at Victoria's buildings worth knowing, and what is for sale there.

Life With Leahann
Victoria Condo Market

Victoria condo living.
The market,
right now.

Victoria's condo market has long attracted buyers who want to be in the city — close to the harbour, the restaurants, the trails — without the maintenance demands of a freehold property. It is a lifestyle decision as much as a financial one.

With more inventory in the market than Victoria has seen in over a decade, buyers are in a stronger negotiating position than they have been in years. That does not mean every building is a good buy — but it does mean there is more time to be selective, more room to ask questions, and more opportunity to find the right unit in the right building at the right price. That is exactly where working with someone who knows these buildings from the inside out makes a difference.

May 2026 · VREB
$551K Condo Benchmark Victoria Core MLS® HPI benchmark price for a condominium — down 2.1% year over year. An entry point worth watching.
312 Condos Sold Condo sales across the VREB region in May 2026 — representing 44% of all sales. The most active property type in the market.
34 days Avg. Days on Market Condos are taking slightly longer to sell than single family homes — giving buyers more time to conduct proper due diligence.
1,840 Active Condo Listings More condo inventory than Victoria has seen in years — creating real opportunity for buyers who know what to look for.
Source: Victoria Real Estate Board · MLS® HPI · May 2026 · Updated Monthly
Featured Building · Downtown Victoria Hudson Place One 777 Herald St · Victoria, B.C.
25 Storeys
176 Residences
2019 Built
Concrete Construction

Vancouver Island's tallest residential building — 25 storeys of thoughtfully designed homes with sweeping views of the inner harbour, the Olympic Mountains, and the surrounding city. Concierge, fitness studio, infrared sauna, pet wash station, and rooftop terrace. In the heart of the Hudson District, steps from everything Victoria's downtown has to offer.

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Lock and leave.
Actually.
No lawn to mow. No gutters to clear. No maintenance calls on a Saturday morning. Strata living in Victoria means your building is taken care of — so you can actually enjoy the city you moved here for.
Harbour views.
Year round.
Victoria's most sought-after buildings sit minutes from the inner harbour, the waterfront trail, and some of the mildest weather in Canada. The view from the right building never gets old.
Walk to
everything.
Victoria's most liveable buildings put restaurants, galleries, trails, and the harbour within walking distance. The best condo is the one that makes your car optional — and in this city, that is entirely possible.
Amenities
included.
Concierge. Fitness studio. Rooftop terrace. Pet wash station. The buildings Leahann features were chosen because they offer more than a unit — they offer a way of living that freehold ownership rarely matches at the same price point.
Victoria, B.C. · Condo & Strata Living

Buying a condo
in Victoria.
What to know first.

Victoria's condo market is one of the most compelling in Canada — and one of the most nuanced. The right building makes all the difference. Not just aesthetically, but financially, legally, and in terms of how you actually live day to day.

Strata ownership in B.C. comes with its own set of rules, obligations, and considerations that are distinct from freehold ownership. Understanding them before you buy — not after — is the difference between a great investment and an expensive lesson.

Leahann's background in residential design and development means she reads a strata document the way a designer reads a floor plan — with an eye for what is not immediately obvious, and what it means for you long-term.

01 The building itself — what to look for

Age, construction type, envelope condition, and building systems all matter more than most buyers realise. A well-maintained 30-year-old concrete building can be a far better investment than a poorly managed five-year-old one. Leahann knows what to look for — and what to ask.

Look at the depreciation report, the contingency reserve fund, and the minutes from the last three AGMs before you make an offer.
02 The strata — understanding what you are buying into

When you buy a strata unit in B.C., you become part of a corporation — with shared responsibilities, shared costs, and shared decision-making. The strata bylaws, rules, and financials tell you everything about how that corporation is run and whether it is run well.

Review the strata bylaws carefully — restrictions on rentals, pets, and renovations vary significantly from building to building.
03 The fees — what they cover and why they matter

Strata fees are not just a monthly cost — they are a reflection of how seriously the building takes its own maintenance and future. Low fees can signal a building that is deferring the work it should be doing. High fees, properly managed, often protect your investment better than a cheaper alternative.

Compare the contingency reserve fund balance against the depreciation report's recommendations. The gap between those two numbers tells you a lot.

Why Victoria's condo market is worth paying attention to.

Victoria has one of the most stable and in-demand condo markets in Canada. A combination of limited land supply, a desirable climate, strong rental demand, and a growing professional population keeps the market consistently active — even when other Canadian markets soften.

For buyers looking for a primary residence, a lock-and-leave property, or an investment with long-term upside, Victoria condos — particularly in well-managed buildings in central neighbourhoods — continue to perform. The key is knowing which buildings those are.

Leahann has worked with buyers across Victoria's condo market and brings a designer's understanding of what makes a building not just liveable, but genuinely worth owning. These are the buildings she would recommend — and why.

What to ask before you buy in any Victoria building.

  • What is the current contingency reserve fund balance — and is it adequately funded per the depreciation report?
  • Have there been any special levies in the last five years, and are any anticipated?
  • What does the building's depreciation report say about major upcoming capital expenditures?
  • Are there restrictions on rentals, short-term rentals, pets, or renovations that affect how you intend to use the unit?
  • What is the age and condition of the building envelope, plumbing, and mechanical systems?
  • Is the strata well-governed — are meetings held regularly, minutes kept properly, financials audited?
  • What is the owner-to-tenant ratio, and does it align with your expectations for the building community?
About Leahann

Two decades of design.
One city she never
stopped calling home.

Leahann Nordin Real Estate Agent · Real Broker B.C. Ltd. · VREB

Victoria-raised and design-educated, Leahann spent two decades working across Vancouver and the Okanagan in luxury residential design, multi-family development, and large-scale renovation before returning home. She brings a designer's eye and a project manager's discipline to every transaction — so nothing falls through the cracks and nothing feels rushed.

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