Broadmead is one of those neighbourhoods in Saanich that reveals itself slowly. It isn’t flashy, and it doesn’t rely on trendy developments. Instead, it offers something harder to replicate: privacy, natural beauty, and a sense of calm that makes everyday life feel a little easier. As local realtors, we often describe Broadmead as the sweet spot between convenience and serenity. If you want proximity to shopping, schools, and services without the feeling of living “in the city,” this is where many buyers end up.   A Community Built Around Nature Unlike many newer subdivisions, Broadmead was designed to preserve its natural environment. Homes are nestled among Garry oaks, arbutus trees, rocky outcrops, and walking paths. Instead of manicured uniformity, the area feels organic, like a neighbourhood that grew out of the land. Buyers are often surprised by how quiet it is. Even on larger streets, there is a softness: muted traffic, birdsong, and the rustling of trees. For anyone coming from denser urban living, it feels like an exhale.   Homes with Space and Character Broadmead’s housing stock tends to include larger lots and well-built residences from the 1980s and 1990s. Many retain their original hardwood floors, vaulted ceilings, skylights, and generous floorplans. Updates vary - some owners have renovated kitchens or bathrooms, while others have preserved the style that suits the architecture. The result is variety without chaos. You won’t find rows of identical houses, nor extreme mismatches. Broadmead’s development guidelines have helped maintain a cohesive aesthetic, and that consistency supports long-term property values.   Convenience Without the Noise One of Broadmead’s biggest advantages is its location. Residents enjoy quick access to Royal Oak, Elk and Beaver Lake, the Lochside Trail, and several community parks. Groceries, dining, and medical services are minutes away, yet you won’t feel like you’re living beside a commercial zone. Families appreciate the nearby schools and recreation centres. Professionals value the short commute to downtown Victoria or the airport. And retirees enjoy quiet streets, walkable green space, and homes designed with livability in mind.   Who Broadmead Appeals To Broadmead tends to attract buyers who want lifestyle stability rather than constant movement. These include: Professionals seeking privacy and a quieter home base Families wanting more outdoor space without rural isolation Retirees looking for a well-maintained community close to amenities Homeowners ready to trade “new and trendy” for timeless and established If you picture yourself sipping coffee on a quiet deck, surrounded by native trees instead of traffic noise, Broadmead will feel like home. Our Realtor Perspective We’ve worked with many clients who initially overlook Broadmead in favour of areas with more immediate flash. After a few tours, they begin to see the appeal. There is a grounded quality here, an easy rhythm of life that doesn’t require explanation. You walk the neighbourhood, you feel how it functions, and you understand why properties rarely stay on the market long. Broadmead isn’t about impressing visitors. It’s about taking care of the people who live there. If you’d like help understanding Broadmead’s market, recent sales, or which properties tend to hold value over time, we’re here to guide you.   Lorraine Pelser, 5-Star Review, via Google “I would not dream of ever using a realtor other than Cal. Apart from the fact that he is was exceptionally knowledgable and resourceful, he was also honest, truthful and always acted in my best interest while at the same time treating all parties with dignity and respect.” 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 “Building Lasting Relationships, One Home at a Time.”  

When buyers explore Greater Victoria real estate, one of the first comparisons they make is value per square foot. It becomes clear that the Westshore consistently offers more space for the price. Communities like Langford, Colwood, View Royal, and Highlands continue to attract families, professionals, and investors who want modern amenities without sacrificing room to grow. More Land and Newer Builds Westshore neighbourhoods benefit from newer planning and development. Homes often sit on wider lots and feature larger floor plans designed for contemporary living. Many builders prioritize open concept layouts, functional kitchens, and multi purpose rooms. The result is a home that feels spacious and adaptable at a price point that can be more attainable than central Victoria or Saanich. Expanding Infrastructure and Amenities Quality of life is a major reason value per square foot stays strong in Westshore. Westshore parks, schools, recreation centres, trails, and shopping hubs continue to expand. The region’s growth supports local businesses and makes daily life more convenient. Amenities such as Royal Roads University, the Galloping Goose, Langford Lake, and sports facilities make it easy for residents to enjoy the community without a long commute. Lifestyle Benefits with Room to Breathe Many buyers are looking for more than just a home. They want a lifestyle that supports family activities, work from home flexibility, and outdoor recreation. Westshore delivers all of these with more space inside and outside. A larger yard, an extra bedroom, or a designated office provide long term comfort and better resale appeal as these needs become more common. Investment Potential The value per square foot seen in Westshore is not only beneficial at purchase. It also offers long term opportunity. Continued population growth and the addition of new amenities can strengthen market demand. As more buyers expand beyond Victoria’s core, well located Westshore homes often see steady appreciation while still giving more space for the money spent. Is Westshore the Right Move for You If you are looking for more room, newer construction, and a strong community feel, Westshore is worth exploring. Understanding value per square foot helps buyers look beyond sale price and see the lifestyle and long term benefits that come with their investment. Maryann G., 5-Star Review, via Google “We recently sold our home through the Faber Real Estate Group. We received excellent service as we navigated our way through the sale of the house. I would recommend Cal as the realtor for your sale as they are so professional and gave good advice leading to a quick sale.” 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 “Building Lasting Relationships, One Home at a Time.”

Choosing where to live in Greater Victoria is about more than just the house; it’s about lifestyle, convenience, and community. Areas like Langford, View Royal, and Sooke have grown in popularity for good reason. They offer a unique combination of space, lifestyle, and value that can be hard to find in the city core. More Space for the Money One of the biggest advantages of suburban living is the amount of space you can get for your budget. Homes in Langford, View Royal, and Sooke often come with larger lots, multiple bedrooms, and garages. Whether you are looking for room for a growing family, a backyard for pets, or extra storage, suburbs provide options that are harder to find in downtown Victoria. Modern Homes and New Developments Suburban communities often feature newer construction, townhomes, and family-friendly developments. Many properties come with modern layouts, updated appliances, and energy-efficient features. This is especially appealing for buyers who want to avoid costly renovations or enjoy contemporary finishes from day one. Access to Nature and Outdoor Activities Living in these areas puts you closer to some of the region’s most beautiful natural spaces. Sooke offers beaches, hiking trails, and parks. Langford and View Royal have local parks, walking paths, and convenient access to cycling routes. If your lifestyle includes outdoor recreation, suburban living can make it easier to enjoy it every day. Strong Community Feel Suburban neighbourhoods often foster a tight-knit sense of community. Local schools, community centres, and family-friendly events help residents feel connected. Whether it’s participating in a farmers’ market, attending a local festival, or simply meeting neighbours at the park, these areas offer a welcoming environment that is ideal for families and newcomers alike. Convenient Amenities and Growing Services While suburban living offers more space, it doesn’t mean sacrificing convenience. Langford, View Royal, and Sooke have shopping centres, restaurants, gyms, and essential services within easy reach. Many areas are expanding rapidly, bringing in new stores, medical facilities, and recreational options, making day-to-day life easier for residents. The Bottom Line Suburban communities like Langford, View Royal, and Sooke offer a balance of space, lifestyle, and convenience that appeals to a wide range of buyers. Whether you are a young family, a professional looking for more room, or someone seeking a quieter lifestyle without giving up amenities, these areas provide options that combine value and quality of life. As realtors in Greater Victoria, we help buyers explore these suburban markets, compare properties, and find the right fit for their needs. For many, the suburbs provide not just a home but a lifestyle that supports both family life and personal freedom.   Marieke de Jongh , 5-Star Review, via Google “We had a fantastic experience with Cal and Scott. From the first meeting via Zoom until the moment we received the keys to our new home. They are very kind and warm people, and made us feel at home and welcome right away. Scott is very knowledgeable, easy to work with, professional, honest and quick to respond to questions. We felt in good hands and comfortable having him at our side in our buying process. When looking for a great realtor in the Victoria area, I would highly recommend Cal and Scott from Faber Real Estate 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 “Building Lasting Relationships, One Home at a Time.”

We’ve been in the Greater Victoria market long enough to see buyers make all kinds of decisions - some strategic, some emotional, and some regrettable. When the market was red-hot a few years ago, people waived everything: financing, inspections, and even reviewing strata documents. For some, it worked out. For others, it was the costliest gamble of their lives. Today the market is more balanced, but the question still comes up: should you get a mortgage pre-approval and a home inspection, or skip them to look more competitive? The short answer is that skipping them rarely makes sense and seldom pays off long-term. Pre-Approval: Clarity, Confidence, and Negotiating Power A pre-approval is not just a bank saying, “You’re good for X amount.” It’s the groundwork for a successful purchase. It tells you exactly what you can afford and gives sellers confidence that you’re serious. In a balanced market like Victoria’s 2025 landscape, a buyer without a pre-approval is simply not competitive. Offers with financing uncertainty tend to fall to the bottom of the list. We’ve seen deals fall apart because a buyer assumed their numbers would work out, only to find out a lender wouldn’t approve the condo’s age, strata bylaws, or the debt-to-income ratio. By then, the seller had wasted a week, other buyers had moved on, and everyone was left disappointed. A proper pre-approval also protects buyers from emotional bidding. In neighbourhoods like Saanich or Fernwood, where homes are desirable and pricing feels manageable, it’s easy to chase a property higher than intended. A lender-verified budget anchors decisions. Home Inspections: The Hidden Cost of Skipping Due Diligence Home inspections can feel like a speed bump when you’re excited about a listing, especially if the seller hints that “other buyers are coming in clean.” That’s when mistakes happen. Victoria has an older housing stock: character homes, mid-century builds, 1980s condos, and homes renovated across several decades. Problems rarely show themselves during a 20-minute showing. We’ve had clients who waived inspections and later discovered issues like poly-B plumbing, improperly vented bathrooms, hidden water damage behind drywall, or foundations that shift seasonally on rock bed. One buyer saved a few hundred dollars by skipping an inspection and then paid tens of thousands after possession. An inspection is not there to scare you or give you bargaining leverage. It’s decision-making insurance. It shows what’s urgent, what’s routine maintenance, and what’s predictable down the road. In Victoria’s climate - wet winters, salt air near the coast, and our love for older homes - understanding the condition of the property is essential. Does Skipping Conditions Actually Make You More Competitive? The myth is that a “clean” offer automatically beats every conditional offer. That was sometimes true in bidding-war days between 2021 and mid-2022. It is less true today. Strong sellers tend to choose strong buyers. They want certainty and professionalism, not last-minute chaos. A clean offer without pre-approval is a risk for them. A clean offer without an inspection is a liability for you. What Moves Offers Forward Today: Solid deposits Clear pre-approval documentation Realistic possession dates Respectful negotiation Those elements build trust. Skipping due diligence does the opposite. The Victoria Difference Every local market behaves differently, and Victoria is a unique one. Inventory is balanced, but quality homes still draw attention. Sellers know they will attract multiple showings, and most understand that serious buyers will want conditions. The right offer today is the one that shows competency, not recklessness. When we sit across from a seller reviewing offers, the ones that stand out are prepared, cleanly structured, and backed by a qualified lender, not the ones that gamble. Final Thoughts If you truly love a home, protect the purchase. Get pre-approved so you know what you can safely pay. Get an inspection so you understand what you’re taking responsibility for. Competitive offers are not made by cutting corners; they’re made by showing that you are a buyer who will close calmly and professionally.   Tatiana Small, 5-Star Review, via Google “Absolutely phenomenal service from start to finish! Scott took the time to really get to know us and understand our likes and dislikes, what were dealbreakers and what really sold us in finding our perfect first home! Being first time homebuyers, he was extremely patient with all of our questions and very thorough when it came down to the finer details. Without a doubt, I would recommend him to everyone!”   Faber Real Estate GroupRoyal 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 “Building Lasting Relationships, One Home at a Time.”

Choosing between a brand new home and an established property is one of the biggest decisions buyers face in the Westshore. With communities like Langford, Colwood, View Royal, and the Highlands evolving quickly, both options come with unique benefits. As local real estate professionals, we often help clients explore which type of home truly fits their lifestyle and long term goals. The Appeal of New Homes New builds in Westshore neighborhoods offer contemporary design, energy efficient technology, and modern layouts. Open concept living areas, larger primary suites, and functional kitchens are now standard. These homes usually include updated heating systems such as heat pumps and smart home features that help reduce monthly utility costs. Warranty coverage is another major advantage. Buyers typically receive protection through BC’s New Home Warranty program, which covers materials, labor, and structural elements for several years. For many homeowners, this brings peace of mind and less worry about unexpected repairs. New developments also come with planned community features. Westhills, Royal Bay, and Bear Mountain often integrate parks, trails, schools, and shopping within walking distance. Families and professionals appreciate this sense of convenience without having to leave the Westshore. The Strength of Established Homes Established properties provide character, mature landscaping, and a better sense of community. Older streets often have larger lots, quieter roadways, and an established neighborhood identity. Trees provide shade, yards offer privacy, and amenities have been tested over time. These homes tend to be built with durable materials and traditional layouts suited to long term living. Renovations can be more purposeful, allowing homeowners to modernize specific areas rather than pay for upgrades they do not want or need. Many established neighborhoods also see stronger resale stability because their appeal does not rely solely on new construction trends. Maintenance is an important consideration. Roofing, plumbing, electrical work, and windows may require attention sooner than in a newer home. However, many Westshore sellers have already updated these systems, which can result in excellent value for buyers who prefer move in ready living. Which Option Is Right for You? The best fit depends on lifestyle and expectations. Those who prefer modern layouts, energy efficiency, and a low maintenance start often lean toward new homes. Others who value privacy, lot size, and established communities may find greater comfort in older properties. Our role is to help clients weigh these priorities against budget, location, and long term plans. Whether you envision living steps from a brand new school in Langford or settling into a mature View Royal street, the Westshore has a home type for every stage of life. Lou N., 5-Star Review, via Google “Scott is a knowledgeable, professional, dedicated and thorough expert in his field. Excellent at what he does and we couldn't have found a better realtor to guide us through one of the most important decisions in our lives.” 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 “Building Lasting Relationships, One Home at a Time.”

After years of helping clients across Greater Victoria, we’ve learned an important truth. Saanich is one of the most consistently desirable places to live. It offers a balance of nature, schools, amenities, and stable neighbourhoods, all within minutes of the city. Everyday Living Made Easy Saanich offers something for everyone. You can live close to beaches, walking trails, or shops without sacrificing one for the other. The municipality stretches from coastal pockets to quiet residential areas and even rural acreages. This variety gives buyers real choice instead of compromise. Nature at Your Doorstep Locals value how close they are to parks and green space. Mount Douglas (Pkols), Swan Lake, Elk and Beaver Lake, and the coastline around Cadboro Bay are all part of daily life. A morning walk, an after-work trail run, or a family beach outing becomes simple rather than a weekend trip. Neighbourhoods Buyers Love Gordon Head: Spacious lots, quiet streets, and close proximity to UVic. Broadmead: Mature landscaping, preserved nature, and exceptional privacy. Cadboro Bay: Village atmosphere, beach access, and a strong sense of community. Royal Oak: Central location, convenient shopping, and reliable transit. Rural Saanich: Acreages, gardens, and hobby farms while still near amenities. Why Sellers Perform Well Here Saanich homes tend to hold value. The community attracts long-term buyers who prioritize lifestyle and stability. Sellers do best when they highlight walkability, green space, and flexible floorplans such as suites or home offices. Timeless upgrades generally outperform trendy remodels. Our Honest Take Clients often explore Oak Bay, Sidney, Langford, and View Royal, but many return to Saanich. It isn’t flashy. It is livable, reliable, and rooted in lifestyle. For buyers seeking nature, convenience, and long-term comfort, Saanich delivers.   Brandon Sharratt, 5-Star Review, via Google “My wife and I sold our condo in View Royal and bought a place in Esquimalt with the help of The Faber Group. Scott helped us to find and buy the perfect home for our growing family in a very competitive market. He got to know our wants and needs and worked within our schedule with a small baby. Once we found the perfect place Scott helped us to get it for under the asking price and sold our condo in one day on the market with multiple offers over asking! We are so grateful that Scott helped us through this process, answering our many questions and alleviating our concerns. Thank you for helping us sell our first home and buy a beautiful house for our family.” 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 “Building Lasting Relationships, One Home at a Time.”

Downsizing is not only about moving into a smaller space. It’s a lifestyle transition, and in Greater Victoria, it often brings freedom, convenience, and more time for what matters most. After helping many clients through this process, we’ve found that the most successful downsizing journeys start with clarity: why you’re moving, what you want, and what you’re ready to let go of. Why Downsizing Makes Sense Here Greater Victoria is uniquely suited to downsizers. There are neighbourhoods where walkability replaces long commutes, strata living replaces yard maintenance, and scenic parks or beaches become part of your daily routine. For many, the trade-off of square footage brings a noticeable upgrade in quality of life. Where Downsizers Often Look Saanich Central, quiet, and close to everything—Royal Oak, Broadmead, and Cordova Bay offer townhomes, well-run strata buildings, and a relaxed pace. Victoria Core Downtown and James Bay work beautifully for walkable lifestyles. You’ll find lock-and-leave condos, vibrant food scenes, and easy access to the Inner Harbour. Oak Bay For those who prefer charm and character. Boutique condos and elegant townhome communities let you stay near oceanfront parks, cafés, and village amenities. Westshore Langford and Colwood provide newer builds with modern amenities, elevators, parking, and layouts designed with aging in place in mind.   What to Expect During the Process You’ll Reassess What You Really Need Downsizing forces you to prioritize. Many clients resist at first—until they realize that shedding unused rooms, extra storage, or an oversized yard is liberating. Lifestyle Becomes the Focus Instead of asking “How big is it?” the better question becomes “How will I live here?” Think: morning walks, a balcony with a view, less maintenance, more travel, and easier day-to-day routines. Costs Shift, But Don’t Disappear While utilities and upkeep may drop, strata fees or HOA contributions might increase. A well-managed building is worth it: predictable costs, building maintenance, and shared amenities.   Where to Start 1. Define Your Priorities List what matters most: Walkability Accessibility or single-level living Proximity to family Amenities like pools, gyms, or clubs Storage needs This list becomes your compass when emotions kick in. 2. Take Inventory of What You Own You don’t have to get rid of everything at once. Start early and work in stages: Donate or sell items you haven’t used in 12–18 months Digitize paperwork and photos Keep essentials and meaningful pieces 3. Understand Your Financing Downsizing can unlock equity, but don’t assume the smaller home is always cheaper. Location, age of building, and strata size can influence price. 4. Visit Homes in Person Photos never tell the full story. Touring a 900 sq ft condo with good light and storage can feel far better than a 1,300 sq ft layout with poor flow. What a Successful Downsizing Looks Like The clients who thrive aren’t necessarily the ones who get the biggest condo or the most amenities. They’re the ones who choose places that match how they actually live—near trails, village shops, grandkids, or a favourite café. The best move is the one that fits your next chapter, not your last one.   Shauna Sundher, 5-Star Review, via Google “Both Scott and Cal assisted us in selling and purchasing. It was a big move for us but they both assisted us in getting more than we initially expected and getting us into a really great property. They helped us work through some issues on both ends and were very professional and helpful! We recommend them to our friends and family who need an agent.” 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 “Building Lasting Relationships, One Home at a Time.”

As local realtors in Greater Victoria, we’re often asked where clients can find beachside living without sacrificing convenience. Cordova Bay is almost always part of that conversation. Located along the east coast of Saanich, this neighbourhood blends ocean views, quiet streets, and a welcoming community feel that appeals to families, retirees, and professionals alike.   The Beach Is the Heart of Cordova Bay Cordova Bay Beach is one of the neighbourhood’s defining features. Its long stretch of sandy shoreline feels peaceful even in summer. Residents walk their dogs, paddleboard before work, or enjoy calm evening sunsets with neighbours. It’s the kind of waterfront that isn’t just a view - it becomes part of your lifestyle.   A True Village Feel The neighbourhood centres around amenities like Mattick’s Farm, home to boutique shops, cafés, and local businesses. It’s where residents grab coffee, browse artisan goodies, or stop in after a walk. Golf lovers appreciate having Cordova Bay Golf Course and The Ridge right at their doorstep, and cyclists enjoy easy trail access to Lochside and beyond.   Cordova Bay offers a wide spectrum of housing options. Classic coastal homes with large lots and ocean views Modern builds designed for entertaining and privacy Townhomes and well-planned strata communities for low-maintenance living Luxury waterfront estates that rarely hit the market Inventory remains limited because residents tend to stay. When a good home becomes available, it attracts serious interest quickly.   Schools, Parks, and Everyday Convenience Families are drawn to the strong school catchments and walkable parks. Nearby amenities like Broadmead Village and Royal Oak keep day-to-day living simple. Many clients choose Cordova Bay because it delivers a relaxed, coastal pace without the inconvenience of being “far away.”   Our Realtor’s Take If you’re looking for a neighbourhood that feels like a getaway without leaving the city, Cordova Bay delivers that balance. The beach, the greenery, the village hub, and the character of the homes create a lifestyle that’s difficult to replicate elsewhere in Greater Victoria. Whether you’re downsizing, relocating, or buying your first piece of the island, this community rewards thoughtful buyers who value long-term living. If you’d like a breakdown by budget or housing type, we’re happy to help.   Devon Marchtaler, 5-Star Review, via Google “Scott was very patient with us as we started our family and took about a year to decide on place we thought would be fit for our home. He went above and beyond and still continues to this day to keep in touch and periodically checks in to see how we are doing. I highly recommend him to anyone looking for a realtor to either sell or buy their home.” 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 “Building Lasting Relationships, One Home at a Time.”

As realtors who have worked through hot cycles, slowdowns, and everything in between, we can confidently say that Greater Victoria is currently a balanced market. Not the runaway bidding wars of 2021-2022, and not the ultra-cautious environment immediately after the interest rate hikes. Instead, we’re in a middle ground where good properties sell, and buyers have room to think. Inventory and Sales Pressure The clearest indicator of balance is inventory relative to demand. At the end of October 2025, the Victoria Real Estate Board recorded 3,423 active listings across Greater Victoria. That’s well above the extremely low inventory levels of the pandemic boom, but it isn’t oversupply. It allows buyers to compare options without forcing sellers to slash prices. The sales-to-active-listings ratio sits around 18-20 percent. Industry standards consider roughly 12-16 percent a buyer’s market and 20-28 percent a seller’s market. The mid-to-high teens is the territory we call balanced. In practice, this means neither side has full leverage: buyers can negotiate, and sellers can still get fair results when priced correctly. What Prices Are Doing Prices in 2025 are steady overall, though the behavior varies by product type. The benchmark price for a single-family home in the Victoria core is approximately $1,276,500. That is down about 1.8 percent from 2024. The drop is far from a crash; it’s more of a normalization after years of outsized growth. Condominiums are holding firm. The benchmark condo price in the core is just over $551,000, up roughly 0.6 percent year-over-year. This segment benefits from affordability pressures and downsizers returning to the city. Townhomes sit in between. Average sales this year hover around $815,000, with a median around $794,500. They offer more space than a condo without the single-family price tag, and they remain attractive to young families. Across all property types, homes are selling close to listing price. Most transactions land in the 97-98 percent of asking range, which is another sign of equilibrium. When a market favors sellers, you see multiple offers and over-asking. In a soft market, homes sell well below list. Right now, neither extreme is dominant. How This Feels on the Ground If you’re a buyer, you can breathe. You’re no longer racing through 15-minute showings only to hear the home sold before you’ve reached your car. You can walk through several properties, compare finishes and layouts, and analyze monthly costs. You still need pre-approval and a strategic approach, but you have the luxury of choice. If you’re a seller, strategy matters more than ever. A well-priced home in a core neighbourhood like Fairfield, Oak Bay, or East Saanich still attracts strong attention. Listings that land above the comparable range or need too much work for today’s buyers will sit. Presentation, staging, and timing have become essential strategies again rather than optional add-ons. Why Balanced Markets Are Often the Best Balanced markets tend to be healthier and more sustainable. In an overheated market, buyers stretch beyond comfort, waive due diligence, and often regret the decisions that follow. In a weak market, sellers feel trapped or discouraged. Balance creates clarity. It allows everyone involved to act rationally, negotiate fairly, and make informed decisions. The Greater Victoria market is dynamic by nature. It reacts to interest rates, lifestyle migration, limited land supply, and the value people place on this region. But right now, the numbers and the day-to-day experience line up: this is not a market tilted heavily toward either party. It is one in which preparation and proper advice matter more than brute force. Justine Dancey, 5-Star Review, via Google “Cal and Scott treated us like family. We had only 5 days to find a home and Cal cleared his schedule to make himself available to us. Cal guided us in the purchase of our home, as if we were a member of his family asking for advice. I knew we could trust Cal. His service to us did not stop with the purchase of our home…he helped us find trades people and provided information about rental incomes in the area. We were new to the Island and I honestly felt that Cal adopted us and has made sure we had everything we needed. We did not just gain a realtor, but a friend. If you are looking for a realtor you can TRUST, and will look out for YOUR interests— then Cal and Scott are IT!!!” 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 “Building Lasting Relationships, One Home at a Time.”

After many years working with buyers across Victoria and the Westshore, we can tell you that the biggest shock rarely comes from the purchase price but from everything else that gets layered on top. New buyers tend to focus on the mortgage payment alone, but the real financial picture includes closing costs, maintenance, taxes, and lifestyle adjustments. If you want to feel comfortable and confident in your first year of ownership, it’s essential to budget for more than just the loan. Legal Fees and Title Costs Every home purchase in British Columbia requires a lawyer or notary to complete the deal. For most properties in Greater Victoria, legal fees typically fall between $1,400 and $2,500 depending on the complexity of the transfer, whether you’re purchasing a condo, and whether your lender has extra requirements. This is non-negotiable. Your lawyer or notary will handle title transfer, mortgage registration, trust funds, and coordinate with your bank and the seller’s legal team. Property Transfer Tax (PTT) This is the one that surprises buyers the most, especially those relocating from provinces with different rules. In BC, the Property Transfer Tax is: 1% on the first $200,000 of the purchase price 2% on the portion from $200,000 to $2 million 3% above $2 million If you’re not a first-time buyer and you buy a $900,000 home, the tax alone is thousands of dollars due at closing. Some exemptions exist for qualified first-time buyers and for certain new construction properties, but those apply in fewer cases than people expect. It’s critical to verify your eligibility before you shop. Inspections and Due Diligence Even though inspections aren’t legally required, skipping them is a costly gamble in Victoria’s market. Older homes, especially in areas like Oak Bay, Fernwood, or parts of Saanich, may have aging infrastructure, knob-and-tube wiring, or perimeter drains that haven’t been touched since the 1980s. A typical inspection ranges from $500 to $800, more if you add sewer scope, mold testing, or specialized assessments. It is one of the best investments you can make. Insurance: Annual Premiums and Lender Requirements Before a lender will release funds, you must carry home insurance. In Victoria, premiums vary widely based on the age of the home, proximity to the ocean, heating type, and whether you have a mortgage helper or short-term rental. A safe estimate is $1,200 to $2,500 annually. Condos require strata insurance, and owners must also carry their own contents and liability policy. Do not assume the building coverage protects you as it rarely covers your unit or deductible. Strata Fees and Special Assessments If you purchase a condo or townhome, monthly strata fees cover shared areas, building insurance, landscaping, and long-term maintenance funds. Newer buildings may have higher fees if they include amenities like gyms or pools. What many buyers fail to budget for is special assessments. These are extra charges levied for major repairs, such as elevator replacements, roofing projects, or exterior remediation. We always advise reviewing strata documents, depreciation reports, and meeting minutes before you write an offer. You’re not only purchasing the unit itself, you’re also investing in the financial condition of the entire building. Maintenance and Repairs Homeownership comes with the responsibility of ongoing upkeep. Even well-maintained properties need regular service: heat pumps, gutters, roof moss removal, appliance replacements, driveway sealing, and routine landscaping. A general rule is to have 1–2% of the home’s value set aside annually for maintenance. In Victoria, where moisture and mild winters accelerate wear and tear, buyers who skip this category are often caught off guard. Moving and Lifestyle Changes The final cost most people overlook is the one that impacts their daily life. Moving expenses, furniture purchases, strata move-in fees, utility deposits, or landscaping for a bigger yard. If you’re moving for lifestyle reasons, expect costs you may not have planned for. Living in View Royal or Metchosin could mean longer commute times, a downtown condo might require paid parking, and a property near the shoreline often needs added protection from salt air exposure. The Bottom Line The mortgage is just one piece of a much larger picture. Successful homeowners budget realistically, not optimistically. They prepare for legal fees, taxes, inspections, maintenance, insurance, and the rhythms of real life after the keys change hands. Fortunately, with proper planning, these expenses can be manageable. As a team that has guided Victoria buyers through every type of purchase from heritage homes to brand-new condos, our best advice is simple: understand the full financial journey, not just the monthly payment.   Liam Grigg, 5-Star Review, via Google “The real estate market felt daunting, especially when it was our first time entering it. But, working with Scott made the whole process so much easier. He was really excellent at asking questions, showing us a variety of places, and helping us narrow down exactly what we were looking for. Scott was flexible, never pushy, and I really felt supported by him throughout! He made a big difference in helping us find THE place and we couldn’t do it without him. I can’t wait to work with Scott again in the 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 “Building Lasting Relationships, One Home at a Time.”