The TRUTH About Pre-Sale Condos in 2026 | Victoria Real Estate

Описание: #VictoriaRealEstate #VictoriaInvestor #victoriabc #realestatemarket

👨‍💼 About Harrison Siemens

I’m Harrison Siemens, a Victoria BC Realtor with Caliber Property Group at Coldwell Banker Oceanside Real Estate.
I help clients buy, sell, and invest in homes, condos, townhomes, and development properties throughout Greater Victoria & Vancouver Island.
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📞 Contact Harrison
Coldwell Banker Oceanside Real Estate | Caliber Property Group

📧 Email: [email protected]
📱 Phone: 778-966-1078
🌐 Website: https://caliberpropertygroup.ca/
📸 Instagram: instagram.com/harrisonsiemens.realtor/
🗓️ Book Appointment: https://calendly.com/harrison-caliber...

Many buyers are asking why there are so few pre-sale condo opportunities in Greater Victoria heading into 2026. While demand has cooled in the short term, the bigger story is what’s happening behind the scenes with developers, municipalities, and future supply.

In this video, Harrison Siemens, a Victoria REALTOR®, breaks down why condo development has slowed so dramatically. You’ll learn how higher interest rates, rising construction costs, slower pre-sales, and municipal approval timelines have caused developers to pause or cancel new condo projects. At the same time, most new construction in Victoria is focused on purpose-built rental buildings, not ownership condos.

The video also explains why this lack of new pre-sale condos today could create an undersupplied condo market in the future if population growth continues and demand returns. Understanding where we are in the real estate cycle is key for buyers deciding whether to act now or wait.

If you’re considering buying a condo in Victoria, BC, and want help understanding current market conditions or future supply risks, feel free to reach out or leave a comment below.


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