A recent report from Victoria Real Estate Board shows that the benchmark price of a single-family home in the city’s core dropped to $823,100 in August, roughly $10,000 less than in July.Not all prices have dropped. The benchmark price for townhomes and condos both went up in price in August.
The slight drop of 1.3 per cent is the first time the benchmark has lowered since 2015, but some buyers say it still feels like a drop in the bucket.