Monthly real estate headlines often focus on average prices or sales counts, but those numbers rarely tell the full story. When we look more closely at the Victoria Core vs Westshore real estate market, clear differences emerge in pricing, buyer behaviour, and overall momentum. November’s single-family home statistics highlight why understanding sub-markets matters more than ever for both buyers and sellers. Sales Activity: Two Markets Moving at Different Speeds In November, the Victoria Core continued to show steady but cautious activity. Single-family home sales remained consistent, supported by limited inventory and ongoing demand for established neighbourhoods close to downtown, schools, and employment centers. Buyers in this area tend to be move-up purchasers and long-term homeowners who are less sensitive to short-term rate fluctuations. The Westshore, by contrast, saw stronger sales momentum. Communities such as Langford, Colwood, and Sooke benefited from relative affordability and a growing supply of newer homes. First-time buyers and young families were more active here, particularly in neighbourhoods offering newer construction and flexible floor plans. Pricing Trends: Stability vs Opportunity Single-family home prices in the Victoria Core remained relatively stable through November. Limited supply continues to support values, even as buyers take more time to make decisions. Well located homes that are priced appropriately and presented well are still selling, but unrealistic pricing is being met with resistance. The Westshore continues to offer more pricing flexibility. While prices have increased over the long term, November data shows that buyers still have opportunities, particularly in areas with higher inventory levels. Sellers who understand current market conditions and price strategically are seeing solid results, while overpriced listings are taking longer to sell. Days on Market and Buyer Behaviour Days on market remain shorter in the Victoria Core compared to the Westshore, reflecting the ongoing demand for central locations. Buyers here are selective, often focusing on homes that require minimal work or offer unique lot value. In the Westshore, average days on market are slightly longer, giving buyers more negotiating power. Conditions, financing terms, and inspection clauses are more common, which is a notable shift from the peak market years. This environment rewards well-prepared sellers who address deferred maintenance and present homes clearly. Inventory Levels and What They Signal Inventory in the Victoria Core remains constrained, particularly for detached homes under common price thresholds. This continues to limit choice for buyers but supports price stability for sellers. The Westshore has seen a healthier level of new listings, especially in newer subdivisions. This added selection is helping balance the market and reduce pressure on buyers, while still maintaining steady overall activity. What This Means for Buyers and Sellers For buyers, November’s data reinforces the importance of location specific strategy. The Victoria Core requires decisiveness and preparation, while the Westshore allows for more comparison shopping and negotiation. For sellers, understanding your micro market is critical. A pricing strategy that works in Fairfield or Oak Bay may not translate directly to Langford or Colwood. Tailoring your approach to local conditions is key to achieving strong results.

Recent sales provide valuable insight into what buyers are actually willing to pay in your neighbourhood. While active listings show asking prices, sold properties reflect real market behaviour. Understanding this difference is key to making informed decisions as either a buyer or a seller. Looking at recent sales helps establish realistic expectations and provides context around current market conditions. Focus on Comparable Properties Not all sales are equal. The most useful comparisons are homes that are similar in size, style, age, and location. A detached home on a quiet street will not offer meaningful insight into the value of a townhome on a busy road. When reviewing recent sales, pay close attention to features such as lot size, number of bedrooms and bathrooms, parking, and overall condition. The closer the match, the more reliable the comparison. Consider Timing and Market Conditions The timing of a sale matters. A home that sold several months ago may not reflect current market conditions if inventory levels or buyer demand have changed. In a shifting market, even small time differences can impact price and negotiating power. Understanding whether the market was trending upward, stable, or softening at the time of sale adds important context. Look Beyond the Sale Price The final sale price tells only part of the story. Conditions, days on market, multiple offers, and seller concessions can all influence the outcome. A home that sold quickly with few conditions likely indicates strong demand, while a longer sale period may suggest pricing or presentation challenges. These details help explain why similar homes can sell for different amounts. Neighbourhood Specific Factors Micro location plays a significant role in property value. Proximity to schools, parks, transit, or commercial areas can increase demand, while busy roads or nearby development may affect buyer interest. Even within the same neighbourhood, values can vary from street to street. Understanding these nuances helps avoid misleading conclusions. Turning Data Into Better Decisions Interpreting recent sales is about more than numbers. It requires context, local knowledge, and an understanding of buyer behaviour. When reviewed carefully, recent sales can guide smarter pricing strategies, stronger offers, and more confident decisions in today’s real estate market.   Shandy B., 5-Star Review, via Google “Cal and Scott are exceptional realtors. We sold our beloved home with their help. They helped us price competitively and fairly, leading to a fast house sale in a slower market, as well as receiving more than we had hoped for the sale of our home. They were accommodating and respectful of our family needs, and helped us show our home in the best way possible. We felt like a priority every step of the way. The are honest and trustworthy! All the stars for the 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 “Building Lasting Relationships, One Home at a Time.”

Energy efficiency has become a major priority for homeowners and buyers alike. With many homes in Victoria built before modern energy standards, retrofitting older properties is one of the most effective ways to improve comfort, reduce utility costs, and increase long term value. Understanding the available rebates and the costs associated with these upgrades can help homeowners make informed decisions. Major Rebates and Incentives for Homeowners Provincial and utility programs significantly offset the upfront cost of retrofitting. The most prominent are delivered through the CleanBC Better Homes initiative, in partnership with FortisBC and BC Hydro. CleanBC Better Homes / Home Renovation Rebates: This program provides rebates for a broad range of upgrades, including heat pumps, insulation, windows, and doors. Total rebate amounts can reach up to $14,000 or more, depending on your project's scope and eligibility. Insulation Upgrades: Up to $5,500. Rebate varies by location and type. Heat Pump Systems: Rebates vary widely by heat pump type, with electric heat pumps generally qualifying for higher amounts. Bonus Rebates: The program offers bonuses for completing multiple upgrades, for example, a two-upgrade or three-upgrade bonus. Income-Qualified Programs: CleanBC offers enhanced rebates (up to 95% of upgrade costs, depending on income) through its Energy Savings Program for low- and middle-income households. This can cover major costs like heat pump installation. Canada Greener Homes Grant & Loan: This federal initiative provides grants of up to $5,000 and an interest-free loan of up to $40,000 to cover retrofits recommended by a certified energy advisor. Resource Link: The main hub for all these programs is the CleanBC Better Homes website (Check eligibility and current offers at https://www.betterhomesbc.ca/). Local Support for Victoria Residents Victoria homeowners have access to free local support to simplify the process. Home Energy Navigator: This program offers free, personalized guidance, connecting you with an Energy Concierge who provides support to help you understand available rebates, review quotes, and navigate applications. This service is invaluable when planning extensive upgrades. Resource Link: Learn more about this regional service at the Home Energy Navigator website (Find local support at https://homeenergynav.ca/). Typical Retrofit Costs to Budget For Actual costs vary widely based on your home’s size and condition. Here is a general sense of the pre-rebate investment range for common items: Heat Pump Installation: Costs are typically in the range of $12,000 to $20,000+ for full systems, before rebates. Attic/Wall Insulation: Costs can run from several thousand dollars for attics or walls, depending on accessibility and materials. Window and Door Replacement: Replacement generally ranges from $700 to $1,500+ per unit installed, depending on size and performance ratings. While rebates offset a meaningful portion of these costs, many programs require upfront expenditure with rebates issued after completion and application approval. Early planning, including booking an EnerGuide home evaluation before work begins, is critical to ensuring eligibility for the maximum rebates. Real Estate Value and Homeowner Benefit From a realtor’s perspective, homes with documented energy upgrades attract interest from buyers seeking lower operating costs and long-term sustainability. Energy efficiency improvements often pay dividends beyond rebate dollars in higher sale prices, faster market absorption, and improved buyer confidence. Living the green life in Victoria, BC, is both financially and environmentally sound. Start with a professional energy assessment and plan your upgrades strategically to maximize the available incentives.   Spencer Mowat, 5-Star Review, via Google “Where do I begin, the professionalism I've received from my realtor and friend Scott Faber @fabergroup has been a great experience, his knowledge of the market and work ethic is truley impressive. Excacly how it should be when your making one of the biggest purchases of your life!” 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.”

Buying a tenanted property in Victoria, BC comes with unique opportunities and challenges. Unlike vacant homes, properties with tenants already in place require careful consideration of existing leases, tenant rights, and local regulations. For investors or buyers looking to occupy the property in the future, understanding these factors is critical to avoid legal complications, protect your investment, and make an informed decision in today’s competitive Victoria real estate market. Tenancy Rules Apply to the New Owner When you purchase a tenanted property in Victoria BC, the tenancy does not automatically end. Under British Columbia tenancy rules, the buyer assumes the existing tenancy, including the current rent, terms, and conditions. This means you step into the role of landlord immediately upon completion. Understanding this from the outset is critical, especially if you plan to move into the property or make changes after purchase. Ending a Tenancy Has Specific Requirements A tenancy can only be ended for permitted reasons and with proper notice. In many cases, a new owner may only end a tenancy if they or an immediate family member intend to occupy the property. Specific notice periods and documentation are required, and the rules must be followed carefully. Buyers should understand that possession timelines can be longer than expected when purchasing a tenanted home. Rent May Be Below Market Value Many tenanted properties have rents that are below current market rates, particularly if the tenant has been in place for several years. Rent increases are regulated in British Columbia, so buyers should not assume they can adjust rent to market levels right away. Evaluating the existing rent against current expenses helps buyers determine whether the property aligns with their financial goals. Access and Showings Are Regulated Tenant rights include rules around access to the property. Proper notice must be given for showings, inspections, or repairs, and tenants have the right to quiet enjoyment. This can affect how easily a buyer can view the property before purchase. From a practical standpoint, this can also influence how the property is marketed and presented. Due Diligence Is Especially Important When buying a tenanted property, buyers should review the tenancy agreement, rent history, and any communication related to the tenancy. Understanding who pays utilities, how maintenance is handled, and whether there are any outstanding disputes is essential. This due diligence helps avoid unexpected issues after possession. Planning Ahead Makes a Difference Buying a tenanted property can be a strong long term opportunity, but it requires careful planning. Whether the goal is investment, future personal use, or both, understanding local tenancy regulations and timelines is key. Working with professionals who understand both real estate and tenancy rules helps ensure a smooth and compliant transaction in Victoria’s market.   Marc E., 5-Star Review, via Google “Scott is focused on providing his clients with a long-term positive experience, and he truly acts as a trusted advisor throughout the process. It's important to have someone you can trust for this kind of investment, and Scott has certainly earned my trust. For me, it's important that a realtor fits my values, is always responsive, professional, and goes above and beyond to ensure all my needs are met. I highly recommend Scott and Faber Real Estate for all your real estate needs.” 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.”

Langford has firmly established itself as one of the most in demand real estate markets in Greater Victoria. With ongoing development, expanding amenities, and a wide range of housing options, Langford continues to attract buyers at every stage of life. As the Westshore grows, Langford remains at the center of that momentum. A Wide Range of Housing Options One of Langford’s biggest strengths is housing diversity. Buyers can choose from condos, townhomes, duplexes, and single family homes across a variety of price points. This flexibility makes Langford especially appealing to first time buyers, growing families, and downsizers. Newer construction also means many homes are move in ready, which continues to be a major draw in today’s market. Strong Infrastructure and Amenities Langford offers excellent access to shopping, schools, parks, recreation facilities, and major transportation routes. Ongoing infrastructure investment supports long term growth and improves daily livability for residents. From walkable commercial areas to sports facilities and trails, Langford offers convenience without sacrificing lifestyle. Buyer Demand and Long Term Value Consistent demand has helped Langford maintain steady resale activity. Its central role in the Westshore, combined with continued population growth, supports long term value for homeowners and investors alike. As affordability remains a challenge closer to downtown Victoria, Langford continues to be viewed as a smart alternative with strong fundamentals. Final Thoughts Langford is no longer an emerging market. It is a well established, high demand community that continues to evolve. For buyers seeking value, convenience, and long term potential, Langford remains one of the strongest choices in the Westshore. Florenda S., 5-Star Review, via Google “We worked with Cal & Scott selling our home recently. The effort they put into the sale was amazing with the photo virtual walk through set, the video, the night shots and open houses. Our house sold very quickly even in a slowdown in the market.” 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.”

Today’s lending environment is more complex than it was a few years ago. Interest rates are higher than historic lows, and lenders are placing greater emphasis on affordability and borrower stability. For first time buyers, preparation is key. Interest Rates and Affordability Rates continue to influence buying power. Even small rate changes can affect monthly payments, so it is important to understand what you can comfortably afford rather than focusing only on the maximum approval amount. Mortgage Qualification Lenders assess credit score, income stability, debt levels, and employment history. Strong credit and manageable debt can improve both approval odds and interest rates. Down Payment and Costs Most first-time buyers need a minimum down payment, along with funds for closing costs. Planning ahead helps avoid last-minute financial stress. The Mortgage Stress Test Buyers must qualify at a higher rate than their actual mortgage rate. This reduces borrowing power but helps ensure long-term affordability. Fixed vs Variable Rates Fixed rates offer payment certainty, while variable rates can fluctuate over time. Choosing the right option depends on comfort with risk and financial flexibility. Pre-Approval Matters A mortgage pre-approval clarifies your budget and strengthens your offer when you find the right home. Final Thoughts Understanding today’s lending environment helps first time buyers move forward with confidence. With the right preparation and professional guidance, navigating the mortgage process becomes far more manageable.   Kerry Parsons, 5-Star Review, via Google “FABER stands for fabulous! Scott and Cal went above and beyond expectations to help us. Unfailingly competent, available, reliable and trustworthy. We were promised that they would find us a home and, in a difficult market with challenging constraints, they delivered what they promised. From start to finish they were with us all the way. These guys set a high bar for the industry. We are grateful and happy to recommend their brand of service to you.” 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.”

Golf course living on Bear Mountain attracts buyers who want luxury, natural beauty, and everyday convenience. With two championship courses, a resort setting, and a growing mix of homes, the community offers a lifestyle that feels elevated yet welcoming. For anyone considering a golf-front home or a strata property, here is what to expect. Golf-Front Homes with Scenic ViewsHomes overlooking the fairways and natural landscape are among the most sought-after on the mountain. Options range from luxury single-family homes to modern townhomes and condos. Many properties feature large windows, generous outdoor spaces, and architectural details that frame the views. These homes offer a calm atmosphere, especially during early mornings and evenings when the course is at its most scenic. Strata Living for ConvenienceBuyers looking for low-maintenance living have several condo and townhome options. Strata communities on Bear Mountain often include secure entries, managed landscaping, and shared amenities that support a lock-and-leave lifestyle. Features such as fitness centres, lounge spaces, underground parking, and private outdoor areas create a resort-like experience. These homes are well suited for downsizers, part-time residents, and professionals who want comfort without extra upkeep. Access to Resort AmenitiesBear Mountain offers more than golf. Residents can access tennis and pickleball facilities, extensive trail networks, on-site dining, spa services, and fitness spaces. The community is designed for active living and social connection, creating a year-round environment that supports recreation and wellness. Appeal for an Active CommunityThe neighbourhood attracts golfers as well as outdoor enthusiasts, families, and professionals. Many residents choose the area for its access to hiking, mountain biking, and the natural features of the mountain. The layout encourages walking, cycling, and regular outdoor activity. A Lifestyle for All SeasonsGolf course living on Bear Mountain is enjoyable throughout the year. Residents benefit from consistent access to amenities, community events, and views that change with the seasons. Homes are positioned to capture natural light, and the local climate supports outdoor enjoyment for most of the year. Final ThoughtsBear Mountain combines resort-style amenities, luxury housing, and a strong community environment. Both golf-front homes and strata properties offer excellent value for buyers who want an elevated lifestyle with convenience and natural beauty close at hand.

The Westshore continues to grow, but several neighbourhoods remain quietly impressive. These areas offer strong lifestyle appeal, good long-term value, and a sense of community that many buyers overlook at first glance. Langford: Goldstream Village, Happy Valley, and Glen LakeGoldstream Village has a walkable, small-town feel with local shops, parks, and a growing community core. Happy Valley offers a more relaxed setting with rural character and quick access to trails and natural spaces. Glen Lake offers scenic views and easy outdoor recreation, making it ideal for buyers seeking a peaceful neighbourhood close to everyday amenities. Colwood: Royal Bay, Triangle, and Hatley ParkRoyal Bay stands out for its coastal setting, new amenities, and well-planned community design. The Triangle area sits on higher ground and is known for quiet streets, mature landscaping, and strong privacy. Hatley Park blends history, green space, and convenient access to schools and services, giving the area a unique charm. View Royal: Eagle Creek and Waterfront PocketsEagle Creek offers a convenient village setting near trails, parks, and transit while maintaining a friendly community feel. Many parts of View Royal also benefit from easy water access and calm residential streets, creating a lifestyle that feels both connected and tucked away. These neighbourhoods offer strong value, appealing surroundings, and a balance of convenience and character. For buyers exploring the Westshore, they are well worth adding to the shortlist.

As we progress through 2026, buyer preferences reflect both practical priorities and evolving lifestyle values. Today’s buyers want spaces that feel modern, functional, and ready for everyday living with minimal upgrades. Here are the design trends consistently resonating with today’s buyer. Clean, Neutral PalettesSoft, neutral colours remain a staple because they create a sense of space and allow buyers to envision their own furnishings and style in the home easily. Whites, warm greys, and muted earth tones continue to dominate. Updated Kitchens with Practical DetailsKitchens with functional layouts and thoughtful design features stand out. Buyers appreciate full-height backsplashes, quality hardware, durable countertops, and ample storage solutions that keep the space uncluttered and efficient. Spa-Inspired BathroomsBathrooms that feel like a retreat are highly appealing. Walk-in showers with glass enclosures, large format tiles, brushed metal fixtures, and well-lit vanities give a sense of modern comfort without excess ornamentation.  Seamless Indoor–Outdoor FlowDesign that enhances connectivity with outdoor spaces continues to attract buyers. Large sliding or folding doors, patios with defined living areas, and cohesive flooring transitions help extend usable living space year-round. Flexible and Functional SpacesHomes that accommodate multiple uses—home offices, hybrid work zones, hobby spaces, and convertible rooms—are in demand. Buyers want design that supports flexibility without sacrificing style. Natural Materials and Warm TexturesElements like wood grains, stone accents, and subtle textured finishes add warmth and authenticity. These materials help balance the clean lines of modern design with a more inviting, comfortable feel. Efficient and Thoughtful LightingLayered lighting—combining task, ambient, and accent fixtures—improves both function and mood. Under-cabinet kitchen lighting, statement pendants, and well-placed recessed lighting help enhance spaces without excessive cost. Integrated Smart FeaturesWhile aesthetics matter, buyers increasingly value technology that feels integrated rather than intrusive. Hidden speakers, smart thermostats, and discreet security systems appeal to buyers focused on convenience and modern living. Low-Maintenance FinishesDurability is a draw. Surfaces that are easy to clean—such as matte finishes, engineered flooring, and stain-resistant fabrics—appeal to buyers who want both beauty and practicality. Minimal Trim and Clean Architectural LinesContemporary buyers favour simplicity. Minimalist trim, consistent baseboards, and streamlined detailing help spaces feel larger and more cohesive, appealing to those seeking a modern aesthetic. In 2026, design that balances modern appeal, everyday functionality, and a timeless feel continues to resonate with buyers. Whether you are preparing to list your home or considering updates for personal enjoyment, focusing on these design trends can enhance both appeal and perceived value.

Knowing when to list your home can make a meaningful difference in buyer interest, days on market, and final sale price. While you cannot control the broader economy, understanding local trends helps you position your home at the right moment. Watch the Key Market Indicators Several indicators can help you decide whether the market is leaning toward sellers, buyers, or a more balanced pace. Inventory levels. Low inventory usually leads to stronger demand and quicker sales. Rising inventory can signal more competition.Days on market. If homes in your neighbourhood are selling quickly, buyers are active and motivated.Sale to list ratio. Homes selling close to or above asking price reflect strong buyer confidence.Seasonal patterns. Spring and early fall often attract the highest number of buyers, but motivated buyers stay active year round. Understand Buyer Behaviour Buyer activity shifts throughout the year based on affordability, interest rates, and life changes. When buyers have more confidence, open houses are busier, showing activity increases, and well prepared homes receive stronger offers. When confidence shifts, buyers become more selective and negotiations take longer. Assess Your Personal Readiness The right time to list is not only about the market. It is also about your own timing. Consider your next move, your financing, and any preparations needed to present your home well. A polished, move in ready home performs better in every market. Work With Real Time Data The most accurate picture comes from month to month data in your specific neighbourhood. A detailed comparative market analysis can show how your property fits within recent sales, current competition, and pricing patterns. Positioning Your Home for the Perfect Launch Once the timing is right, preparation is essential. Thoughtful staging, professional marketing, and strategic pricing help your listing stand out. Even in slower markets, well presented homes attract the strongest offers. Don Wong. 5-Star Review, via Google “I would recommend them to anyone buying real estate on the Vancouver Island. The team is very knowledgeable, courteous and professional, adding a personal touch to building a strong relationship. ” 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.”