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About these figures: The map shows the reduced listings on this page. The six figures describe every active house listing in Greater Victoria, so you can compare the price drops with the whole market.
Reduced Houses, Updated Daily
House Price Drops in Greater Victoria
Detached houses across Greater Victoria whose asking price has come down in the last 14 days, with the newest reductions first, checked every morning.
Reduced Houses
Greater Victoria Houses With a Lower Asking Price
This page lists every detached house for sale in Greater Victoria whose price has been cut in the last 14 days. Every morning we compare the asking price of every home for sale in Greater Victoria with the price the day before. Any listing whose price has come down appears here for 14 days, as long as it is still for sale and still priced below where it was, with the most recent reductions first.
Houses are where most of the region's price movement happens, because they make up the largest share of listings and the widest range of prices. On November 1, 2026, 393 of the 1,044 houses for sale across Greater Victoria asked $1.5 million or more, including 89% of Oak Bay houses and 71% of those in North Saanich.
Checked Every Morning
Every house listing's price is compared with the day before.
Fourteen Days
A reduced house stays on this page for two weeks while it is for sale.
The $1.5M Line
Below $1.5 million, buyers with less than 20% down can use an insured mortgage.
Ask Why
Condition, suites and oil tanks are common reasons a house sits.
Why Houses Get Reduced
Most reductions come down to price: the house was listed above what recent sales support, showings were slow, and the seller adjusted. But some houses sit for reasons buyers find in the details. In Greater Victoria, common ones include an unpermitted suite, a past or present underground oil tank, an older roof or drainage, a busy road, or a layout that does not suit today's families. Find out which it is before you decide what the house is worth to you.
The $1.5 Million Threshold
Price matters more than usual around $1.5 million. Below it, a buyer can put as little as 5% down on the first $500,000 and 10% on the rest with an insured mortgage; at $1.5 million or more, they need at least 20% down. A reduction that takes a house under the line can bring in a whole new group of buyers, while houses listed just above it often sit longer. Our guide to mortgage default insurance explains the rules.
Checks Before You Offer
A lower price does not change the homework. Confirm whether any suite is legal (see our guide to suites and zoning), ask about oil tanks, order a title search, and keep an inspection subject unless you have very good reasons to waive it. Then compare the new price with recent sales of similar houses in the same neighbourhood, not with the old asking price.
Browse Houses by Area
To see all houses, not only reduced ones, start with Saanich, Victoria, Oak Bay, Langford, Colwood or North Saanich, or see the just listed houses.