Victoria Employment Trends

The unemployment rate in Victoria was 4.8% as of October 2026, down 0.5% from the previous month. The unemployment rate stood 6.4% below the peak from July 2020 and is below the long-run average.

There were 4,000 more full-time jobs in October 2026 compared to a month earlier. Combined with a gain of 1,000 part-time positions, this led to an increase of 5,000 total jobs in October.

Full-time employment was down 11,900 jobs from the peak in June 2025 but stood 4,000 jobs above the trough in September 2026.

* All figures are seasonally adjusted, three-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Victoria Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Victoria Employment Trends assumes any responsibility or liability. Copyright ©2026. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Victoria Real Estate Board