Small scale multi-unit housing  refers to modest-density housing that sits between single family homes and large apartment buildings. These housing types are often called “missing middle housing” because they provide options that historically existed in many neighbourhoods but became restricted by zoning over time. Examples of small scale multi-unit housing include: Duplexes Triplexes Fourplexes Townhomes Courtyard housing Homes with secondary or garden suites Instead of building large apartment towers, these housing forms add homes gradually while keeping neighbourhood character largely intact. For cities like Victoria, this approach has become an important strategy for increasing housing supply while maintaining established communities. Why Small Scale Multi-Unit Housing Is Increasing Across British Columbia, housing supply has struggled to keep pace with population growth and demand. As a result, municipalities have begun exploring ways to increase housing options without dramatically altering neighbourhoods. Small scale multi-unit housing helps address several housing challenges. Increasing housing supply More homes can be built on land that previously supported only one house. Existing neighbourhoods can add housing without large redevelopment projects. Improving affordability Smaller units generally cost less than detached homes. Land costs are shared among multiple homes. Supporting community growth Increased density supports local businesses and transit. More residents can live close to employment centres and services. Because of these advantages, many municipalities throughout BC have begun adjusting zoning rules to allow more housing types on residential land. What This Means for Victoria Neighbourhoods In Greater Victoria, many neighbourhoods were historically dominated by single family homes. With limited land available, adding gentle density has become an important planning tool. Small scale multi-unit housing Victoria BC allows for changes such as: Redeveloping older homes into duplex or fourplex properties Building additional homes on larger residential lots Creating small infill developments in established neighbourhoods These types of developments typically blend into neighbourhoods more easily than larger apartment projects. Over time, this gradual increase in housing density can help accommodate population growth while preserving community character. Opportunities for Home Buyers For buyers, small scale multi-unit housing Victoria BC creates more opportunities in a market where detached homes can be difficult to afford. Potential advantages include: More attainable ownership Duplex or townhouse units are often priced below detached homes. Flexible living arrangements Some properties include secondary suites or separate living areas. Mortgage support through rental income Buyers may rent part of a property to offset mortgage costs. These housing options can provide a path to home ownership for buyers who might otherwise be priced out of traditional single family homes. Opportunities for Real Estate Investors Small scale multi-unit housing also presents interesting opportunities for real estate investors. Common strategies include: Redevelopment of existing lots Older homes may be replaced with duplex or multi-unit properties. Suite-based rental income Many homes now include legal secondary suites. Multi-unit rental investments Duplexes and fourplexes can provide steady long-term rental income. Investors should carefully evaluate zoning regulations, construction costs, financing requirements, and rental demand before pursuing these opportunities. Considerations Before Buying or Developing While small scale multi-unit housing creates opportunities, it also introduces important considerations. Buyers and investors should evaluate: Municipal zoning regulations Development and permitting timelines Construction costs and feasibility Property taxes and operating expenses Rental market demand Because these factors can vary widely between neighbourhoods, understanding local policies is essential before making decisions. The Future of Small Scale Multi-Unit Housing in Victoria Small scale multi-unit housing Victoria BC represents a shift in how cities approach growth. Instead of relying only on detached homes or high-rise condos, municipalities are encouraging housing types that sit in the middle. Over time, this approach can help: Increase housing supply Provide more ownership opportunities Create more diverse neighbourhoods For buyers, sellers, and investors, understanding how small scale multi-unit housing is evolving can reveal new opportunities in the Victoria real estate market. If you are considering buying, selling, or investing in properties affected by small scale multi-unit housing Victoria BC, the team at Faber Real Estate Group would be happy to help you understand your options and the opportunities available in today’s market. Laura T., 5-Star Review, via Google “Scott has been a pleasure. He is informative, kind, friendly and he has been there to answer all my questions, even when I had to bother him on the weekend. If you're looking for a Realtor, I would highly recommend Scott. He's the best out there!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

If you are trying to make sense of the Westshore real estate market overview 2026, here is the simple truth: inventory across Greater Victoria is higher, activity picked up in February, and pricing is holding steady enough that strategy matters more than speed. Sales are up month over month, which helped shift conditions back toward balance. Active listings rose to 2,903 across the Victoria Real Estate Board region at the end of February 2026. In the Westshore, pricing depends heavily on community and home type, so one headline number rarely tells the full story. What “Westshore” means in real terms When locals say “Westshore,” they are usually talking about the west side of Greater Victoria, including: Langford Colwood View Royal Metchosin Highlands Sooke These markets behave differently from one another. In 2026, that micro-market reality matters more than ever because buyers have more choice and sellers need cleaner pricing and presentation to stand out. The 2026 story so far: more choice, more thinking time February 2026 showed a noticeable pickup in sales compared with January, while inventory stayed healthy. The Victoria Real Estate Board reported 465 total properties sold in February (up 37.2% from January), with 2,903 active listings at month end. Why that matters in the Westshore Buyers: more listings usually means more leverage, but it also increases decision fatigue. Sellers: the “just list it and it sells” era is not the baseline. Pricing and preparation are doing more of the heavy lifting. Westshore benchmark prices: what a “typical” home costs in February 2026 VREB’s MLS Home Price Index (HPI) benchmark is useful because it tracks a typical home rather than swinging with whatever mix sold that month. Single family benchmark prices (February 2026) Langford: $1,029,300 Colwood: $1,077,800 Sooke: $803,000 Metchosin: $1,304,600 Highlands: $1,598,000 Townhome benchmark prices (February 2026) Langford: $714,300 Colwood: $737,800 Sooke: $666,200 Condo benchmark prices (February 2026) Langford: $512,200 Colwood: $494,000 Sooke: $499,000 How to read this quickly Westshore is not “cheap Victoria.” It is a range of sub-markets with different price bands. Highlands and Metchosin often behave like lifestyle acreage markets. Langford and Colwood carry a lot of the region’s growth, new supply, and townhome activity. What buyers should do differently in 2026 In a more balanced environment, the winning buyer move is not “move faster.” It is “get clearer.” Practical buyer strategy Choose your tradeoff first: space, schools, commute, or price point. The right answer changes the neighbourhood shortlist. Use the benchmark ranges to set expectations: if you are shopping detached, Langford vs Sooke vs Highlands is not a small adjustment. Be ready to act when the right home shows up: balance does not mean every listing sits, especially the ones priced properly and showing well. A smart question to ask yourself If you found the right home in Langford today, would you rather win on price, conditions, or possession date? Pick one before you write. What sellers should do differently in 2026 When inventory is higher, buyers compare more homes and notice flaws faster. Practical seller strategy Price for your competition, not your memory: the benchmark tells you the direction; your micro-market comps set the number. Presentation is a pricing tool: strong photos, clean prep, and clear showing access can reduce days on market. Plan for negotiation: balanced markets often include more back-and-forth, especially when buyers have options. A smart question to ask yourself If your home sits for 21 days, what is your plan: improve presentation, adjust price, or change terms? The bigger BC context: supply is higher across the province BCREA has noted provincial inventory running near the highest level in over a decade, with just over 40,000 homes for sale and expectations for broadly balanced conditions in 2026. That supports what we are seeing locally: more choice, fewer rushed decisions, and stronger results for people who plan. Dawson H., 5-Star Review, via Google “Working with Scott and Zach made the entire condo purchase process incredibly smooth, even while I was traveling in another country. Their communication was clear, timely, and efficient, which made it easy to navigate every step without feeling stressed or overwhelmed. They handled details behind the scenes with confidence, giving me peace of mind knowing everything was in good hands.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Celebrating your birthday in Victoria can come with more than cake and candles. Many restaurants, bakeries, and coffee shops offer free birthday perks in Victoria BC if you sign up for their rewards programs or visit on your birthday. From free breakfasts and desserts to smoothies and bakery treats, these offers can turn your birthday into a fun local tour of Victoria’s restaurants and cafés. Below is a complete list of free birthday perks in Victoria BC from restaurants and food businesses, along with information on what you need to do to claim them. Tip: Many rewards programs require your birthday to be entered at least 7 days before your birthday, so it is best to register early. Coffee and Drink Birthday Freebies Starbucks Birthday Drink Starbucks offers one of the most well known birthday rewards. Birthday perk:One free drink or food item. Requirements:• Join Starbucks Rewards• Add your birthday to your profile• Make at least one purchase before your birthday during the year Registration link:https://www.starbucks.ca/rewards The birthday reward appears automatically in the Starbucks app on your birthday. Tim Hortons Birthday Reward Tim Hortons offers birthday perks through the Tims Rewards program. Birthday perk:A birthday reward such as a free drink or treat. Requirements:• Join Tims Rewards• Add your birthday to your account at least 7 days before your birthday Registration link:https://www.timhortons.ca/timsrewards Booster Juice Birthday Smoothie Booster Juice provides a birthday smoothie for rewards members. Birthday perk:Free regular smoothie. Requirements:• Join Booster Rewards• Add your birthday to your account• Make at least one purchase in the year before your birthday Registration link:https://www.boosterjuice.com/pages/booster-rewards Restaurant Birthday Freebies Denny’s Birthday Breakfast Denny’s is famous for offering birthday breakfasts. Birthday perk:Free Original Grand Slam breakfast. Requirements:• Visit on your birthday• Bring valid photo ID Registration is not required. The Keg Steakhouse + Bar The Keg is known for celebrating birthdays with dessert. Birthday perk:Complimentary Billy Miner Pie. Requirements:• Dine in on your birthday• Purchase a meal• Tell your server you are celebrating a birthday Registration is not required. Boston Pizza Boston Pizza offers birthday perks through its rewards program. Birthday perk:Free dessert and special birthday offers. Requirements:• Join MyBP Rewards• Add your birthday to your account Registration link:https://bostonpizza.com/en/mybp.html Montana’s BBQ & Bar Montana’s offers birthday treats through its loyalty program. Birthday perk:Free birthday dessert. Requirements:• Join the Grill Lovers Club• Add your birthday to your account Registration link:https://montanas.ca/grill-lovers-club/ Red Robin Red Robin offers birthday rewards through its loyalty program. Birthday perk:Free birthday milkshake. Requirements:• Join Red Robin Royalty Rewards• Add your birthdate to your profile Registration link:https://www.redrobin.com/rewards The Canadian Brewhouse Birthday perk:Free nachos. Requirements:• Download the Canadian Brewhouse app• Join their rewards program• Add your birthday to your profile Registration link:https://thecanadianbrewhouse.com Milestones Grill + Bar Milestones celebrates birthdays with dessert. Birthday perk:Free dessert when celebrating your birthday. Requirements:• Dine in• Inform your server that it is your birthday Registration link:https://www.milestonesrestaurants.com bin 4 Burger Lounge Birthday perk:Free flourless chocolate torte. Requirements:• Dine in for your birthday celebration• Inform staff that it is your birthday Registration is not typically required. Barb’s Fish and Chips Birthday perk:Birthday reward or voucher. Requirements:• Visit Barb’s on your birthday• Bring valid ID More information:https://www.barbsfishandchips.com/#birthday The Lakes Grillhouse n Bar Birthday perk:Free drink or slice of cake. Requirements:• Visit on your birthday• Inform staff it is your birthday Bakery and Dessert Birthday Freebies COBS Bread Birthday Treat COBS Bread offers birthday treats through their rewards program. Birthday perk:Free cinnamon bun or bakery item. Requirements:• Join COBS Club Rewards• Add your birthday to your account Registration link:https://www.cobsbread.com/rewards/ Marble Slab Creamery Marble Slab provides birthday coupons to members of their mailing list. Birthday perk:Birthday ice cream coupon. Requirements:• Join their mailing list• Enter your birthday Registration link:https://www.marbleslab.ca Good Earth Coffeehouse Birthday perk:Free baked item. Requirements:• Join Good Earth Rewards• Add your birthday to your account Registration link:https://goodearthcoffeehouse.com New York Fries Birthday perk:Free regular fries. Requirements:• Join the Fry Society rewards program Registration link:https://www.newyorkfries.com Orange Julius Birthday perk:Buy one get one free drink coupon. Requirements:• Join the Julius League email list• Add your birthday Registration link:https://www.orangejulius.com Sea Cider Farm & Ciderhouse Birthday perk:Free cider tasting flight during your birthday month. Requirements:• Visit during your birthday month• Show valid ID More information:https://www.seacider.ca Thrifty Foods Free Birthday Cake Thrifty Foods offers a unique birthday perk for families. Birthday perk:Free first birthday cake for children. Requirements:• Order through the Thrifty Foods bakery department• One free cake per child• Advance notice required More information:https://www.thriftyfoods.com Tips for Claiming Birthday Freebies To make the most of free birthday perks in Victoria BC, it helps to plan ahead. Register early Many programs require your birthday to be added at least one week before your birthday. Check loyalty apps Birthday rewards often appear automatically in rewards apps. Bring identification Restaurants that offer birthday treats may ask for photo ID. Planning ahead allows you to claim multiple birthday perks throughout the day. Celebrating Your Birthday in Victoria Victoria offers plenty of ways to celebrate your birthday, from waterfront walks to exploring local cafés and restaurants. Adding a few free birthday perks in Victoria BC can make the day even more memorable. Demetrios T., 5-Star Review, via Google “Scott and Cal Faber were exceptional to work with. They were professional, patient, and incredibly informative throughout the entire process. They took the time to walk me through every step, which made the typically stressful experience of moving so much easier. Their knowledge of real estate is second to none, and their guidance gave me complete confidence in my decisions. I highly recommend both Scott and Cal to anyone looking for trusted, knowledgeable, and supportive realtors.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Deciding between renting vs buying in Victoria BC is a major choice for many residents. Victoria’s housing market is moving in two directions at once: rents have been easing, while ownership prices (especially for single family homes) have stayed relatively firm. Using current numbers can help you make a decision based on reality, not headlines. Current Rental Market: Prices and Trends Victoria remains one of the pricier rental markets in Canada, but recent data shows rents have been trending down. Average asking rent (Victoria): about $2,224 across unit types (January 2026). One-bedroom: about $1,942 (January 2026), down 6.7% year-over-year. Two-bedroom: about $2,605 (January 2026), down 5.1% year-over-year. On supply, Greater Victoria is seeing more breathing room than recent years: Greater Victoria vacancy rate: about 3.3% (CMHC 2025 Rental Market Report, cited by the Province). What this means in plain terms: more choice, a bit more leverage for renters, and fewer situations where tenants feel forced to accept the first available unit. Buying in Victoria: Prices and Ownership Landscape On the ownership side, a helpful “apples-to-apples” metric is the MLS HPI benchmark (it tracks a typical home over time, rather than averages that can swing with the mix of what sold). From the Victoria Real Estate Board’s February 2026 market report (Victoria Core): Single family home benchmark: $1,307,400 (February 2026). Condominium benchmark: $545,600 (February 2026). Inventory has been healthier than the tightest years, with 2,903 active listings across the VREB region at the end of February 2026. That usually translates into more selection and a less frantic pace, but affordability still matters because the entry point remains high. Pros and Cons of Renting in Victoria Pros of Renting Lower upfront cost (no down payment or closing costs) Flexibility to relocate without selling No responsibility for major repairs and maintenance Recent rent softening and higher vacancy can improve negotiating position Cons of Renting Monthly payments do not build equity Rent is still expensive relative to local incomes Less control over the home and potential future rent increases Pros and Cons of Buying in Victoria Pros of Buying Builds equity over time More stability and control over your space Predictable payments if you choose a fixed-rate mortgage Cons of Buying High upfront costs (down payment, closing costs, property transfer tax, legal fees) Ongoing costs (maintenance, insurance, property taxes, condo fees if applicable) Market conditions vary by segment, and pricing is not guaranteed to rise year-to-year Making the Decision: What to Consider Your choice between renting vs buying in Victoria BC should match three things: Time horizon: Are you staying put for 3+ years, or is life still in motion? Cash position: Down payment, closing costs, and an emergency fund for ownership surprises Monthly reality: Compare rent to the true cost of ownership (mortgage, taxes, insurance, maintenance, and strata fees) A useful takeaway from the 2026 data is this: renting has become slightly less punishing than it was, while buying still requires a clear financial plan because benchmarks remain high. Final Thoughts Rents are easing and vacancy is up, while benchmark ownership prices in the Victoria Core have stayed relatively steady. That combination can create a “pause-and-plan” moment where renters gain options and buyers gain breathing room. If you want, we can run a simple rent vs buy comparison using your target neighbourhood, down payment, and comfort level with monthly costs, so your decision is grounded in real numbers. David M., 5-Star Review, via Google “Scott was a fantastic realtor—hardworking, knowledgeable, and truly dedicated to his clients. His expertise and great connections made the entire process smooth and stress-free. He went above and beyond to ensure everything was taken care of, and I couldn’t be happier with the results. I highly recommend Scott to anyone looking for a realtor.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Westshore real estate selling strategy matters more in 2026 because resale homes are no longer competing only with the home down the street. In Langford and Colwood, you are also competing with developers, staged showhomes, polished marketing campaigns, and incentive packages. Westshore inventory is being shaped by volume. Condos, townhomes, and detached homes are being delivered at scale. If you ignore that reality, you risk longer days on market and price reductions. If you work with it, you can still sell quickly and confidently. Developers Are Setting Buyer Expectations Langford continues to see one of the highest volumes of new construction in Greater Victoria. Projects often launch with coordinated marketing, presentation centres, and incentives that make buyers feel they are getting a “complete package.” Developers can offer: Deposit structures spread over time Appliance or upgrade packages Completion flexibility GST inclusions or credits in certain cases Professionally staged model units That becomes the benchmark. When buyers tour resale homes afterward, they compare immediately. That comparison shapes your pricing power and your negotiation leverage. How This Impacts Each Property Type Condos in the Westshore New towers can create psychological price ceilings. Even if your condo is well maintained, buyers often ask: How old is the building? Is there depreciation report risk? Are there upcoming special assessments? When a new project offers warranties and new amenities, resale condos must compete on value and clarity, not hope. The tactical move: Price decisively from day one Highlight upgrades clearly (flooring, appliances, fixtures, storage) Emphasize move-in readiness Provide strata documents early and proactively Townhomes Townhomes remain a sweet spot for many first-time buyers in the Westshore. The challenge is that pre-sale townhome communities often launch with modern finishes and buyer-friendly deposit structures. Resale townhome sellers need to compete on: Timing: you can offer immediate possession Certainty: buyers can see the finished product Layout advantages: larger rooms, better parking, better yard space, or better storage (when applicable) If a new phase is launching nearby, “testing the market” is rarely effective. Detached Homes Detached homes face a different comparison set. Buyers now weigh older detached homes against: New detached builds (where available) High-end townhomes with newer finishes and lower maintenance Common buyer questions include: What upgrades have been completed? Is the home energy efficient? Are there insurance or inspection concerns? If your home needs updates, the price must reflect that quickly. Buyers calculate renovation costs fast in this environment. Why Some Westshore Homes Still Sell in 7 to 14 Days Even during heavy new construction cycles, resale homes can sell quickly when they: Price correctly at launch Show better than competing resale inventory Position clearly against nearby developments Market to a defined buyer, not everyone Homes that struggle usually: Start high “to see what happens” Ignore new inventory nearby Assume last year’s value still applies Westshore real estate rewards decisiveness right now. The Tactical Seller Playbook for 2026 If you are considering selling in Langford or Colwood, this is a simple framework that holds up in today’s market. 1) Identify Your True Competition Ask what is coming next, not what sold last. A new condo building two blocks away A townhome phase launching next month A detached subdivision completing soon We map the competition before pricing. 2) Position, Then Price Price alone is not the strategy. Positioning is. We define: Who your buyer is Why they would choose resale over new What your timing advantage is (possession, condition, certainty) Then we price with urgency. 3) Launch Strong In a developer-influenced market, first impressions carry more weight. That means: Professional photography Clear feature sheets that explain the value Transparent documentation (especially strata) Immediate showing availability Delayed momentum is expensive. What This Means for Westshore Sellers New construction is not a threat. It is a variable. When handled correctly, resale homes can benefit from the attention new projects bring to the region. Buyers who get priced out of new builds often pivot to resale quickly, but only if the resale option is positioned properly. The key is to price with forward awareness, not backward attachment. A Westshore real estate selling strategy that accounts for nearby development competition is one of the simplest ways to protect your timeline and your outcome. If you are thinking about selling in the Westshore this year, contact Faber Real Estate Group to map your competition and build a pricing and launch plan that fits today’s market. Debbie N., 5-Star Review, via Google “From start to finish, Scott and Cal were amazing to work with. I hadn't moved in nearly 22 years and going from a house to a condo was a very difficult decision, but they were amazingly patient and responsive to my needs. This team doesn't just say that they care, they actually do. I couldn't have done this without them. I would recommend them to anyone. You will be in the best hands. Thank you Faber Group!!!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

The Greater Victoria real estate market continued to show signs of stability and steady activity in February 2026. According to the Victoria Real Estate Board, 465 properties sold across the region, representing a 37.2 percent increase from January, though still 11.9 percent lower than February 2025. While year-over-year comparisons show some moderation, the strong month-to-month growth indicates that buyers are returning to the market as we move toward the spring season. Inventory is also expanding, giving buyers more options than they have seen in recent years. Active listings rose to 2,903 properties, up 10.6 percent from January and 10.4 percent higher than the same time last year. For many buyers and sellers, this signals a shift toward a more balanced real estate environment where neither side holds a dramatic advantage. Local REALTOR® Scott Faber notes that the Victoria market continues to behave differently than many larger Canadian markets. “There’s a lot of noise coming out of Vancouver and Toronto,” Scott Faber says. “However, our market here is very stable and resilient compared to other markets across Canada.” Insights for Buyers For buyers entering the market this spring, the increased inventory is creating more breathing room to explore options and make thoughtful decisions. With nearly three thousand active listings available, buyers can take time to compare homes, neighbourhoods, and property types more carefully than they could during the intense competition of previous years. Scott Faber explains that condominiums may offer particular opportunity right now. “If you’re a buyer looking for a condo this spring, this is definitely a good time to explore those options,” Scott Faber says. “Especially for downsizers or first-time homebuyers, there’s a lot of choice available and mortgage rates have come down significantly compared to last year.” However, the single-family home segment remains competitive in certain price ranges. Scott Faber notes that homes under $1.2 million with suites are attracting strong demand, particularly in areas like Saanich and Langford. “One of our listings had 18 showings within two weeks,” Scott Faber says. “And we’ve been in multiple-offer situations on several homes under a million dollars, some with suites and some without.” Because of this continued competition in certain segments, preparation remains critical. “If you’re looking for a single-family home, get prepared with a mortgage pre-approval and talk to your real estate professional so you’re ready to act,” Scott Faber advises. Insights for Sellers For sellers considering entering the market this spring, the February activity provides an important takeaway: preparation and presentation matter more than ever. While buyers have more inventory to choose from, homes that are properly priced and move-in ready are still attracting strong interest and selling quickly. Properties that are not show-ready, however, may take longer to move in a market where buyers have more choice. Scott Faber sees this trend clearly when working with clients. “When a home is priced to sell and it’s move-in ready, buyers are moving quickly,” Scott Faber says. “But the homes that aren’t show-ready or require significant updates tend to sit longer because buyers simply have more options right now.” For sellers, this makes professional strategy essential. “I always recommend choosing a professional real estate team that understands how to position your home properly in today’s market,” Scott Faber says. “If your home is well-appointed, marketed correctly, and priced appropriately, you’re going to have a good experience selling.” Market Outlook Looking ahead to the spring market, Greater Victoria appears to be entering a period of stability rather than volatility. The benchmark price for a single-family home in the Victoria Core is now $1,307,400, a modest 0.9 percent decrease from last year, though prices have increased since January. Condominiums show a similar pattern, with a benchmark value of $545,600, down slightly year-over-year but rising month-over-month. Scott Faber believes these numbers reflect a market that is finding its balance. “What we’re seeing right now is a balanced market,” Scott Faber says. “We’re not seeing the large supply increases that some people expected, and when the market is balanced it creates great opportunities for both buyers and sellers.” As the spring market approaches, activity is expected to continue building. Buyers will likely benefit from increased inventory, while sellers who prepare their homes properly can still capture strong demand. Final Thoughts February’s data and on-the-ground experience point to a clear conclusion: the Greater Victoria real estate market remains steady, resilient, and balanced. Buyers now have more options and greater confidence as prices stabilize and inventory expands. Sellers, meanwhile, can still achieve excellent results when their homes are positioned correctly in the marketplace. For those considering a move this year, understanding these local dynamics is critical. If you are thinking about buying or selling in Greater Victoria, connect with Scott Faber and the Faber Real Estate Group for personalized guidance and expert insight into today’s market opportunities. Scott L., 5-Star Review, via Google “I had the pleasure of working with the Faber Group to sell my house, and I couldn't be more pleased with the experience. Cal and Scott from the Faber Group provided exceptional service from start to finish. Their expertise and guidance were instrumental in preparing my home for sale, ensuring it was presented in the best possible light for maximum return on investment. They demonstrated a deep understanding of the market, strategically timing the listing to attract the right buyers. Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

For any aspiring home buyer in Victoria BC, 2026 presents a more balanced and manageable market. With higher inventory and steadier pricing, buyers have more choice and less pressure than in recent years. That said, preparation still matters. Whether you are considering a condo in Langford or a family home in Oak Bay, the right planning can help you avoid common mistakes and make confident decisions. Build a Strong Financial Foundation Every successful purchase starts with finances. Begin by reviewing your credit score and outstanding debt. A score of 680 or higher typically improves access to better mortgage rates and terms. Next, plan your down payment. In Canada, minimum requirements range from 5 percent for lower-priced homes to 20 percent for higher-value properties. Tools like the First Home Savings Account allow buyers to save efficiently, while the RRSP Home Buyers’ Plan can help supplement funds when used carefully. Mortgage pre-approval should follow. This step confirms your budget, accounts for the stress test, and shows sellers you are serious. In a market like Victoria, pre-approval helps you focus on homes that truly fit your price range. Understand the Market and Set Clear Goals With more listings available in 2026, buyers benefit from taking time to research neighbourhoods and pricing trends. Different seasons also bring different opportunities, with quieter months often offering more negotiation room. As you search, separate must-haves from nice-to-haves. Location, commute time, and long-term livability should come before cosmetic features. It is also important to budget for ongoing costs such as property taxes, insurance, and maintenance. Work With the Right Professionals Buying a home is not a solo effort. A local real estate agent can help you interpret market data, navigate negotiations, and manage timelines. A mortgage broker can compare lenders and structure financing that fits your situation. Home inspections are also critical. Identifying issues early protects you from unexpected repair costs and strengthens your negotiating position. Follow a Clear Buying Process A structured approach helps reduce stress and avoid missed steps. Start with pre-approval, then focus on properties that meet your criteria. When making an offer, include appropriate conditions for financing and inspection. Once an offer is accepted, complete due diligence, review documents carefully, and prepare for closing costs, which typically range from 1.5 to 4 percent of the purchase price. Common Mistakes to Avoid Avoid stretching your budget beyond what feels comfortable. Skipping inspections or underestimating closing and moving costs can quickly create regret. In a balanced market, there is also no need to rush. Taking time to compare options often leads to better outcomes. Bottom Line For an aspiring home buyer in Victoria BC, 2026 offers opportunity paired with choice. With strong preparation, realistic expectations, and the right guidance, buying a home can feel far more manageable than in past years. Ready to take the next step toward homeownership? Contact us to discuss how these tips apply to your home search and what opportunities may fit your goals.   David M., 5-Star Review, via Google “Scott was a fantastic realtor—hardworking, knowledgeable, and truly dedicated to his clients. His expertise and great connections made the entire process smooth and stress-free. He went above and beyond to ensure everything was taken care of, and I couldn’t be happier with the results. I highly recommend Scott to anyone looking for a realtor.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Living in Sidney BC appeals to buyers who want ocean views, walkability, and a strong community feel. Located on the Saanich Peninsula just north of Victoria, Sidney offers small-town charm with essential amenities close at hand. Many buyers consider Sidney after comparing central Victoria or North Saanich. Then they realize Sidney delivers something unique. You gain coastal access, a pedestrian-friendly downtown, and a quieter pace of life. For retirees and downsizers in particular, that balance stands out. Location and Connectivity Sidney sits minutes from Victoria International Airport and the BC Ferries terminal. As a result, travel becomes easier for residents who visit family or split time seasonally. Downtown Victoria is roughly a 30 to 40 minute drive, depending on traffic. Therefore, commuting remains manageable for some professionals, although many Sidney buyers are semi-retired or fully retired. Because the town is compact, many daily errands require no car at all. What Your Budget Buys in Sidney One major advantage of living in Sidney BC is property variety within a small footprint. Buyers typically find: Oceanfront condominiums Townhomes within walking distance to Beacon Avenue Detached homes on quiet residential streets Age-friendly housing options Compared to some Victoria neighbourhoods, Sidney often commands a premium for waterfront properties. However, maintenance-friendly condos and townhouses provide accessible entry points. If your goal is downsizing without sacrificing lifestyle, Sidney remains a strong contender. Lifestyle and Community Sidney is known for its waterfront pathway, marinas, and bookshops. The downtown core offers independent shops, cafes, and essential services within a few blocks. Because the community skews older, amenities often reflect convenience and accessibility. Healthcare services, grocery stores, and recreation centres sit close together. In addition, ocean access shapes daily life. Residents walk along the water, kayak, and enjoy year-round coastal scenery. Living in Sidney BC often means prioritizing calm over congestion. Who Thrives in Sidney Sidney attracts: Retirees seeking walkability and low maintenance Downsizers transitioning from larger family homes Buyers who value ocean proximity Seasonal residents Families and younger professionals do live in Sidney, although the demographic leans older compared to other Greater Victoria municipalities. Therefore, lifestyle alignment matters more than square footage alone. Neighbourhood Considerations Before buying, clarify: Do you want true waterfront or simply proximity to the ocean? Is elevator access important for long-term mobility? How important is walkability to downtown? Are strata rules aligned with your lifestyle? Condominium bylaws, age restrictions, and pet policies require careful review. Clear understanding prevents future frustration. Long-Term Perspective Sidney benefits from limited land supply and strong retirement demand. As a result, well-located properties often maintain steady interest. However, buyers should remain practical. Waterfront premiums fluctuate. Condo markets respond differently than detached homes. Long-term ownership typically rewards those who prioritize lifestyle first and appreciation second. Final Thoughts Living in Sidney BC offers ocean access, community connection, and daily convenience within a compact coastal setting. If you are considering downsizing, relocating, or investing in Sidney, contact Faber Real Estate Group to review current listings, compare neighbourhood options, and determine whether Sidney aligns with your long-term goals. Hendri E., 5-Star Review, via Google “We had a fantastic experience working with Cal and Scott. They provided a truly personalized service, taking the time to understand exactly what our needs were and guiding us through every step of the process. What really stood out was how they went above and beyond—we felt fully supported from start to finish. Highly recommended!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Investment opportunities in Victoria remain strong because the city combines lifestyle demand with long-term housing pressure. Buyers are not just purchasing property. They are building income flexibility and future security. Victoria benefits from government employment, post-secondary institutions, and steady in-migration. As a result, rental demand stays consistent even when sales volume shifts. Therefore, investors who focus on structure and cash flow often find durable returns. Secondary Suites: Built-In Income One of the most practical investment opportunities in Victoria is purchasing a home with a legal or conforming secondary suite. Suites offer: Mortgage support through rental income Higher qualification potential with lender-recognized income Flexibility for future family use Strong tenant demand However, zoning and municipal compliance matter. Before purchasing, confirm suite legality, ceiling height, fire separation, and parking requirements. In addition, review operating costs carefully. Insurance, utilities, and maintenance influence net return more than gross rent alone. Purpose Rentals and Long-Term Tenancies Some buyers focus strictly on rental property. Victoria’s rental market has experienced tight vacancy conditions for years. Although vacancy rates fluctuate, demand remains steady due to limited land supply and strong population stability. Investors typically consider: Condominiums near employment centres Townhomes appealing to families Detached homes with multiple rental streams Cash flow depends on purchase price, down payment, and financing structure. Therefore, investors should evaluate cap rate, maintenance reserves, and long-term appreciation potential before committing. A strong rental strategy balances income today with growth tomorrow. Multi-Generational Homes: Strategic Flexibility Another growing segment of investment opportunities in Victoria involves multi-generational homes. These properties support: Parents and adult children living together Shared mortgage responsibility Reduced childcare costs Long-term estate planning Unlike traditional rental models, multi-generational purchases often prioritize flexibility over maximum yield. Buyers may convert space later into a suite or separate living quarters. Because housing affordability remains a challenge in Greater Victoria, shared living arrangements continue to increase. As a result, homes with separate entrances, additional kitchens, or carriage-house potential often command strong interest. Key Considerations Before Investing Before pursuing investment opportunities in Victoria, ask: Is your priority cash flow or appreciation? Are you comfortable managing tenants? How stable is your financing structure if rates shift? Does the property allow future adaptability? Investing without a defined objective creates unnecessary risk. Clear strategy reduces emotional decisions. Long-Term Outlook Victoria remains land-constrained. Ocean boundaries and protected green space limit outward expansion. Consequently, supply growth stays measured. That constraint supports long-term value retention. However, investors must remain realistic. Short-term appreciation cycles vary. Rental regulations evolve. Financing costs shift. Successful investors plan for ten years, not twelve months. Final Thoughts Investment opportunities in Victoria extend beyond traditional rental condos. Suites, income properties, and multi-generational homes create layered strategies that combine lifestyle and financial planning. If you are evaluating an income property, start with a written objective. Then run realistic cash flow projections. Finally, compare long-term flexibility across property types. When strategy leads the purchase, Victoria continues to present compelling options. Doug F., 5-Star Review, via Google “I want to be honest with this evaluation: The way the sale/transaction/personal service of this Firm is 100%. They returned calls promptly, got me information when asked and even helped me move heavy furniture with a smile.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

If you are buying a home in British Columbia, you may wonder what does a real estate lawyer do and why their role is essential. While your Realtor negotiates the contract and your lender arranges financing, your lawyer handles the legal transfer of ownership and ensures the transaction closes properly. Here is a clear breakdown of their role in the home buying process. Reviewing the Contract Once you have an accepted offer, your lawyer reviews the Contract of Purchase and Sale. They confirm key details such as: • Legal property description• Purchase price and deposit• Completion and possession dates• Included and excluded items If something does not align legally or financially, they flag it early. Conducting a Title Search One of the most important answers to what does a real estate lawyer do is this: they protect you from hidden legal issues. Your lawyer conducts a title search through the Land Title Office to confirm: • The seller has legal ownership• There are no unexpected liens or judgments• Registered charges, easements, or covenants are disclosed This ensures you receive clear title on completion. Coordinating With Your Lender Your mortgage lender sends instructions directly to your lawyer. The lawyer: • Prepares mortgage documents• Registers the lender’s charge on title• Ensures funds are transferred correctly Without this coordination, the lender will not release mortgage funds. Preparing Closing Documents Before completion, you will meet with your lawyer or notary to sign documents. These include: • Property transfer forms• Mortgage documents• Tax declarations• Adjustments statements Your lawyer calculates adjustments for property taxes, strata fees if applicable, and utilities. This ensures each party pays their fair share as of the completion date. Registering the Transfer On completion day, your lawyer: • Transfers purchase funds to the seller’s lawyer• Registers the property in your name• Registers the mortgage on title Only after registration is complete does ownership officially transfer. Explaining Closing Costs Your lawyer provides a detailed statement of adjustments outlining: • Property Transfer Tax• Legal fees• Title registration fees• Disbursements They ensure you understand the financial breakdown before closing. Lawyer vs Notary in BC In British Columbia, both real estate lawyers and notaries can handle standard residential closings. Lawyers may be preferable if the transaction involves: • Estate sales• Complex title issues• Divorce or separation matters• Corporate ownership structures For straightforward purchases, either professional can complete the process efficiently. Why Their Role Matters Understanding what a real estate lawyer does helps buyers appreciate how much legal protection is built into the process. They safeguard your funds, verify ownership, register your title, and ensure compliance with provincial requirements. Without this step, the transaction cannot legally close. The Bottom Line A real estate lawyer ensures your purchase is legally sound, financially accurate, and properly registered. Their work happens mostly behind the scenes, but it is critical to protecting one of your largest investments. If you are preparing to buy in Greater Victoria and want recommendations for trusted real estate lawyers or notaries, reach out anytime and we would be happy to connect you with experienced professionals. Lena N., 5-Star Review, via Google “I have worked with Scott and Zach on my listing and it has been a pleasure to work with both diligent and professional agents. They have been communicative and friendly as buyers agents. Hope to do more collaboration and deals with you both in the near future!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”