Victoria is a well-established East Vancouver neighbourhood anchored by the busy Victoria Drive commercial corridor, offering residents a practical and affordable urban lifestyle within the City of Vancouver. The neighbourhood's real estate consists primarily of older detached homes, duplexes, and low-rise apartment buildings that appeal to first-time buyers, families, and investors seeking income properties within the city. Victoria Drive's eclectic mix of Filipino restaurants, Vietnamese phở houses, grocery stores, and small businesses reflects the neighbourhood's rich multicultural character. Bus routes along Victoria Drive and 41st Avenue provide connections to the Commercial-Broadway and Main Street-Science World SkyTrain stations. Collingwood Neighbourhood House and several parks and schools serve the area's strong community. Victoria VE offers some of Vancouver's best value for buyers seeking entry-level detached or duplex properties within the city, making it a consistent focus for first-time buyers and investors.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| March 2022 (this report) | 9 | $1,978,556 | 9d |
| February 2022 month prior | 9 +0% | $2,015,131 -1.8% | 16d -43.8% |
| March 2021 year ago | 15 -40% | $1,616,933 +22.4% | — |
In March 2022, the Victoria VE, Vancouver house real estate market is classified as a Buyer's Market with an absorption rate of 8.3%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.
Last Update: 06/03/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.