Absorption Rate 5.7
6
5.3
5.1
Months of Inventory
Greater Victoria Area - (2019-2022)
4.7
5
4.7
4.6
4
4.2
5.6 5.2 4.3
4.1
4.0
3.9
4.0
4.2
4.3 4.0 3.7
3.5 2.8
3 1.9
2
1
1.8 1.6
1.4
1.6
1.5
2.4 2.2
1.7
1.4
1.3
1.3
1.3
1.2
1.1
December
November
October
2022
1.4
September
2021
1.3
August
2020
1.3
July
June
2019
2.0 1.6
May
April
March
February
January
0
2.2
Monthly Sales Comparison Greater Victoria - (2019-2022) 1400
Number of Sales
1200
1000
800
600
400
200
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2019
329
421
640
696
848
740
706
661
616
619
577
402
2020
411
563
608
287
457
808
979
979
989
990
795
631
2021
646
863
1173
1116
1049
942
835
831
761
745
653
438
2022
474
718
833
824
761
Active Listings / Number of Sales Greater Victoria - (last 24 months) 3000
2500
2000
1500
1000
500
0
Active Listings
Number of Sales
HISTORICAL ANNUAL VOLUME $10
$9
$8
$7
BILLIONS
$6
$5
$4
$3
$2
$1
$0
Absorption Rates - Single Family Detached May 2022
5.00
4.50
4.50
Months of Inventory
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
1.29 0.85 0.82
1.04 0.99
1.13
1.32 1.10
0.96 1.00 0.94
0.85 0.45
Absorption Rates - Condominiums May 2022
4.00
Months of Inventory
3.50
3.00
2.50
2.00
1.38
1.35
1.50
1.17 1.00
1.00
0.89 0.67
0.50
0.00
1.11 0.77
0.92
0.77
0.90
Absorption Rates - Townhouses May 2022
4.50
4.13
Months of Inventory
4.00
3.50
3.00
2.50
2.00
2.00
1.64 1.50
1.30
1.29
1.26
1.05
1.04 1.00
0.50
0.00
0.80
NO ACTIVE 0.00 LISTINGS
1.19
1.11
Absorption Rates - Manufactured Homes May 2022
5.00
4.50
4.50
Months of Inventory
4.00
3.50
3.00
2.40
2.50
2.00
1.50
1.20
1.00
0.50
0.00
0.75 0.33
Absorption Rates - Saanich Peninsula May 2022 2
1.64 1.32 1.30
1.10 1.11 1
0.85
0
0.92
n/a
n/a
SINGLE FAMILY CONDOS
TOWNHOMES
North Saanich
Sidney
Central Saanich
Saanich Peninsula Absorption Rates by Price Range May 2022
7
6.33
Months of Inventory
6
5
4
3
2.71
2.31
2
1.38 1.24
1
0
NO ACTIVE LISTINGS
NO SALES PAST 3 MONTHS
Under $600K
$600K to $800K
0.00 0.00 $800K to $1M
$1M to $1.5M $1.5 to $2M
$2M to $3M
Over $3M
Victoria Absorption Rates by Price Range May 2022
4
Months of Inventory
3
3.00
2
1.50 0.79
1
0
1.50
Under $600K
$600K to $800K $800K to $1M
0.56 0.59 0.57
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Saanich East Absorption Rates by Price Range
Months of Inventory
May 2022
24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0
22.00
NO ACTIVE LISTINGS OR SALES
NO ACTIVE LISTINGS
0.00 0.00 Under $600K
1.88 1.18 1.27
$600K to $800K $800K to $1M
$1M to $1.5M
$1.5 to $2M
2.68 $2M to $3M
Over $3M
Oak Bay Absorption Rates by Price Range May 2022
5
4.20
4
Months of Inventory
4 3 3 2 2
0.92
1 1 0
NO ACTIVE LISTINGS OR SALES
NO ACTIVE LISTINGS OR SALES
1.13 0.70
NO ACTIVE LISTINGS OR SALES
0.00 0.00 0.00 Under $600K
$600K to $800K $800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Langford Absorption Rates by Price Range May 2022
13
12.00
12
10.20
11
Months of Inventory
10 9 8 7 6 5 4
3.00
3 2 1 0
0.73
NO ACTIVE LISTINGS OR SALES
0.00 Under $600K
2.63
$600K to $800K
$800K to $1M
1.52 $1M to $1.5M $1.5 to $2M
$2M to $3M
Over $3M
Colwood Absorption Rates by Price Range May 2022
10
9.00
9
Months of Inventory
8 7 6 5 4
3.00
3
1.50
2 1 0
3.00 1.83
NO ACTIVE LISTINGS OR SALES
NO SALES IN PAST 3 MONTHS
0.00 Under $600K
0.00 $600K to $800K $800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Metchosin Absorption Rates by Price Range May 2022
2
1.80
Months of Inventory
1.50
1
0.50
0
NO ACTIVE LISTINGS OR SALES
NO SALES LAST 3 MONTHS
NO ACTIVE LISTINGS OR SALES
NO SALES LAST 3 MONTHS
0.00 0.00 0.00 Under $600K
$600K to $800K $800K to $1M
0.00 $1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M
Greater Victoria Area (Core, Westshore & Peninsula) Absorption Rates by Price Range May 2022
8
6.83
7
Months of Inventory
6
4.67
5
4
4.00 2.69
3
1.72 1.51 1.32
2
1
0
Under $600K
$600K to $800K $800K to $1M
$1M to $1.5M
$1.5 to $2M
$2M to $3M
Over $3M