Buying a home with a suite in Victoria BC has become increasingly popular as buyers look for ways to offset housing costs, support multi-generational living, or create long-term investment opportunities. Secondary suites, in-law accommodations, and basement rentals appear frequently across Greater Victoria housing options. While suites offer strong advantages, buyers should also understand potential challenges before making a purchase decision. Rental Income Can Improve Affordability One of the biggest advantages of buying a home with a suite is the ability to generate rental income. Many buyers use suite revenue to offset mortgage payments, property taxes, and maintenance costs. Rental demand remains strong across Greater Victoria, particularly for well-located and properly finished suites. Lenders may also consider rental income when qualifying buyers for financing, which can increase purchasing power and expand available property options. Multi-Generational Living Flexibility Suites provide flexible housing arrangements for extended family members, aging parents, or adult children. This setup can reduce overall household expenses while allowing privacy and independence for both occupants. Many families value suites as long-term lifestyle solutions that adapt to changing housing needs. Increased Property Appeal and Resale Value Homes with legal or well-designed suites often attract broader buyer interest during resale. Investors, families, and buyers seeking mortgage assistance frequently prioritize these properties. In many Greater Victoria neighbourhoods, suites contribute to stronger resale demand and long-term property desirability. Legal and Zoning Considerations Matter Not all suites meet municipal zoning and building requirements. Buyers should confirm whether a suite qualifies as legal, authorized, or non-conforming. Legal suites typically meet current building codes, safety requirements, and zoning regulations, which can improve financing eligibility and resale confidence. Non-compliant suites may still generate income but can create insurance, financing, or enforcement risks. Buyers should review municipal records and permit history carefully before purchasing. Landlord Responsibilities and Tenant Management Owning a property with a suite introduces landlord responsibilities. Property owners must manage tenant screening, maintenance requests, and rental agreements. While many homeowners successfully manage tenants, others may find the additional responsibilities time-consuming or stressful. Understanding tenancy regulations, lease agreements, and dispute resolution processes helps homeowners manage rental relationships effectively. Privacy and Lifestyle Adjustments Sharing property space with tenants or extended family can affect privacy and daily routines. Separate entrances, soundproofing, and parking availability can influence overall living comfort. Buyers should evaluate suite design and layout to ensure it aligns with personal lifestyle preferences. Financing and Insurance Considerations Properties with suites sometimes require specialised financing and insurance policies. Lenders may evaluate suite legality, rental income stability, and property valuation differently than single occupancy homes. Insurance providers often require disclosure of rental activity and may adjust coverage accordingly. Working with experienced professionals helps buyers understand financial implications before finalising a purchase. Maintenance and Operating Costs While suites generate income, they can also increase maintenance requirements. Additional kitchens, bathrooms, and mechanical systems may require more frequent servicing and repair. Buyers should budget for ongoing operating costs and vacancy periods when evaluating long-term financial benefits. Weighing the Long-Term Investment Potential Buying a home with a suite in Victoria BC can provide strong financial and lifestyle advantages when managed carefully. Suites offer income flexibility, expanded living arrangements, and increased buyer appeal. However, responsibilities, legal compliance, and privacy considerations should factor into the decision-making process. While past performance does not dictate future results, properties with suites have historically remained attractive in Greater Victoria’s evolving housing market. If you are considering purchasing or selling a home with a suite, contact our team to review zoning regulations, rental potential, and available opportunities tailored to your real estate goals.   Jeff C., 5-Star Review, via Google Cal and Scott are tremendous, made our home buying and selling experience a stress free engagement.. some of the key highlights from our experience with them are: - quick to communicate, lightning fast.. within minutes! - deep expertise in the greater Victoria real estate.. from neighborhood information, developer history, even carpentry/finishing … DEEP knowledge - super friendly and encouraging They were able to deliver in very tight circumstances and we are so thankful to have worked with them. Best one in GVR for sure” 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 Fernwood community vibe continues to attract buyers looking for character, walkability, and a strong sense of neighbourhood connection in Victoria, BC. Known for its artistic energy, heritage homes, and lively local gathering spaces, Fernwood offers a lifestyle that feels both vibrant and welcoming. Buyers searching for charm, culture, and convenience often place Fernwood high on their list. A Neighbourhood Built on Community Connection Fernwood stands out because of its strong local identity. Residents actively support small businesses, community events, and neighbourhood initiatives. As a result, buyers often notice a welcoming atmosphere that can be harder to find in newer developments. The Fernwood Village area acts as a central hub. It features locally owned cafes, restaurants, and shops that encourage residents to spend time close to home. This walkable environment helps foster daily interaction among neighbours, which strengthens the overall Fernwood community vibe. Character Homes and Heritage Appeal Many buyers are drawn to Fernwood for its historic charm. The neighbourhood features a wide range of early 20th century homes, including Craftsman and character-style properties. These homes often include unique architectural details, mature landscaping, and established streetscapes. Although some buyers prefer move-in ready properties, others appreciate renovation opportunities. Well-maintained character homes in Fernwood tend to hold strong long-term appeal due to their individuality and limited supply. Walkability and Central Location Fernwood offers excellent access to downtown Victoria, major transit routes, and cycling infrastructure. Buyers who value shorter commutes often appreciate the neighbourhood’s central location. In addition, Fernwood provides easy access to parks, schools, and recreation facilities. Because daily amenities are close by, many residents rely less on driving. This convenience supports the strong Fernwood community vibe and contributes to its ongoing popularity with buyers seeking urban lifestyle benefits. Arts, Culture, and Local Events Fernwood has long been recognized as one of Victoria’s most creative neighbourhoods. The area supports local artists, live theatre, and community festivals throughout the year. The historic Belfry Theatre and Fernwood Community Centre serve as important cultural anchors. Community events, farmers markets, and seasonal gatherings create opportunities for residents to connect. These shared experiences help buyers feel part of something larger than just a residential neighbourhood. Diverse Housing Options for Different Buyers While Fernwood is well known for character homes, buyers can also find townhomes, strata units, and smaller detached houses. This variety attracts a broad range of buyers, including young professionals, families, and downsizers. Inventory levels can vary, and demand often remains strong. Buyers interested in Fernwood frequently need to act decisively when well-priced properties become available. Long-Term Appeal and Market Stability The Fernwood community vibe contributes to consistent buyer interest over time. Central location, established housing stock, and strong neighbourhood identity support long-term desirability. While real estate markets naturally shift through cycles, neighbourhoods with strong community engagement often maintain stable demand. Why Buyers Continue to Choose Fernwood Buyers often choose Fernwood because it offers more than just housing. The neighbourhood delivers lifestyle value through walkability, cultural experiences, and historic character. These combined factors continue to support the area’s reputation as one of Victoria’s most sought-after communities. If you are considering buying or selling in Fernwood, contact our team to discuss your options and explore available opportunities in this vibrant Victoria neighbourhood.   Vince R., 5-Star Review, via Google “Cal and Scott made our home selling experience very simple and easy, especially when you consider that we were in a different province and corresponding via our mobile devices. In less than 2 weeks we received and accepted an offer on our Condo. We would like to thank the both of them for listing our property and sharing all their expertise in properly listing our condo.” 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.”

When we look at Victoria BC single-family home price inflation over the last five decades, the long-term trend shows steady growth in nominal prices that outpaces general inflation. While many narratives focus on the recent past, such as COVID, immigration, low interest rates, or specific crises, the evidence shows price inflation has been building over decades. Past performance does not dictate future results, and no single factor exclusively explains this trend. Early Growth: The 1970s and 1980s In the 1970s and early 1980s, Victoria’s housing market began a pattern of rising prices as the region’s economy grew, buoyed by stable government and service sector employment. Through the high interest rates of the early 1980s and the recession of the early 1990s, prices dipped at times but continued a long-term upward trajectory. Stabilization and Expansion: Mid-1990s to Early 2000s From the mid-1990s into the 2000s, demand increased with economic stability, limited developable land on the Peninsula, and relatively modest new supply. Nominal prices continued to rise gradually during this period. The 2008 global financial crisis slowed markets briefly, but there was no prolonged collapse as investors and local buyers still saw Victoria as a desirable place to live. Acceleration During the 2010s Entering the 2010s, prices accelerated markedly. Some attribute rapid price inflation solely to post-COVID dynamics or spikes in immigration. However, while these factors can influence short-term demand, the pattern of rising home values predates them by decades. Low interest rates after the 2008 crisis, provincial and national tax policies, and persistent supply constraints played roles, but none in isolation fully explain the long-term Victoria BC single family home price inflation. The COVID-19 Market Surge During and after the COVID-19 pandemic, many markets, including Victoria’s, saw sharper short-term increases. Still, this represents an amplification of pre-existing trends, not the beginning of them. Factors such as remote work and changing lifestyle preferences likely contributed to near-term demand swings, but research consistently shows that long-term price trends are influenced by multiple factors rather than a single event or policy. Multiple Forces Driving Long-Term Price Growth In reviewing 50 years of data, it is clear that demographics, economics, land supply, local planning policy, and broader macroeconomic conditions all interact. Narratives that claim the market rapidly escalated only after one event, such as COVID, high immigration, low rates, or a past financial crisis, are not fully supported by the evidence. These events influence the market, but long-term price inflation has been ongoing. Understanding Long-Term Housing Market Complexity Understanding Victoria BC single family home price inflation requires acknowledging the complexity of housing markets. While past performance does not dictate future results, long horizons help illustrate that price trends emerge from structural and cyclical influences over time. 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

As realtors working in Greater Victoria, we often get asked by buyers which types of homes offer the best value right now. Whether you are looking at condos, townhomes, detached houses, or properties in suburban neighbourhoods, the right choice depends on your lifestyle, budget, and long-term goals. Condos Condos remain a popular choice for first-time buyers, downsizers, and people seeking a low-maintenance lifestyle. In Greater Victoria, many condos are located near downtown or along transit corridors, making them convenient for work, shopping, and entertainment. Prices for condos have been relatively stable, and some buildings offer amenities such as gyms, pools, and concierge services. Condos are ideal if you want a smaller footprint and less responsibility for maintenance, though strata fees should be factored into your budget. Townhomes Townhomes are a great middle ground. They offer more space and privacy than a condo but are generally more affordable than detached homes. In areas like Langford, Saanich, and Oak Bay, townhomes are attractive to young families or buyers looking for more room without a full yard to maintain. Many townhome communities also have shared amenities and strong community appeal. Townhomes are a good option if you want a balance of affordability, space, and convenience. Detached Houses Detached houses offer the most flexibility, space, and privacy. They are perfect for growing families or anyone wanting a backyard, garage, or room to expand. Prices for detached homes in Greater Victoria are higher, especially in core areas like Fairfield, Oak Bay, and Fernwood. While the investment is larger, detached homes tend to hold their value well and offer long-term stability. If you can manage the budget, a detached home in a desirable neighbourhood is often the best long-term investment. Suburban Neighbourhoods Suburban homes, particularly in Langford, View Royal, and Sooke, have become increasingly popular. These areas offer more space for the price, larger lots, and newer construction. Suburban living may mean a longer commute for some, but it also provides access to parks, schools, and a quieter lifestyle. Suburbs are often the best buy for buyers seeking value, modern homes, and room to grow. The Bottom Line There is no one-size-fits-all answer when it comes to the best home type in Greater Victoria. Condos are great for convenience and low maintenance, townhomes offer a balance of space and cost, detached homes provide long-term investment potential, and suburban properties give more room for the price. The best choice depends on your priorities, budget, and lifestyle. As realtors in Greater Victoria, we help buyers navigate these options, evaluate the market, and find the right fit for their needs. The key is to understand the trade-offs and make a choice that works for your life today and in the future.   Wilson, 5-Star Review, via Google “Amazing people there! They will help you through the entire process and will always make you feel like family. For those first time home buyers, don't be intimidated entering the market because they will explain every process and guide you through.” 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.”

Buyer’s remorse is a common concern for homebuyers, especially in a market like Victoria, BC where prices remain high even in a balanced 2026 environment. Learning how to avoid buyer’s remorse in Victoria, BC starts with preparation, realistic expectations, and the right guidance. With more inventory available across the Westshore, Oak Bay, and Saanich, buyers now have the opportunity to make confident, well-considered decisions. Get Clear on Your Budget Before You Shop Financial stress is one of the biggest causes of buyer’s remorse. A mortgage pre-approval helps define your true price range and accounts for the stress test. It also locks in your rate for up to 120 days. To stay comfortable long-term: Shop 10 to 20 percent below your maximum approval Budget 1 to 4 percent of the home’s value annually for maintenance Plan for closing costs, which typically run 1.5 to 4 percent in Victoria This buffer gives you flexibility and peace of mind after possession day. Separate Must-Haves From Nice-to-Haves Emotion can creep in quickly during showings. Creating a clear list keeps decisions grounded. Focus on: Bedrooms and layout that fit your lifestyle Commute times and access to schools or transit Outdoor space, storage, or work-from-home needs Features like high-end finishes are appealing, but they should not outweigh long-term functionality. Research the Neighbourhood, Not Just the House Even a great home can lead to regret if the location does not fit your lifestyle. Visit the neighbourhood at different times of day and on weekends. Pay attention to noise, traffic, parking, and overall activity. In Victoria, each area offers a different feel. Fairfield, Langford, Colwood, and Oak Bay all appeal to different buyers. Understanding that difference helps you avoid buyer’s remorse after you move in. Never Skip the Inspection or Rush the Process A home inspection is essential, even in a competitive market. It can uncover issues that affect both your budget and your comfort in the home. Take time to: View the property more than once Ask detailed questions Bring in specialists for older or character homes when needed Rushing often leads to overlooked details and later regret. Work With Experienced Local Professionals A knowledgeable local REALTOR helps you spot red flags, understand value, and negotiate effectively. A good mortgage broker and real estate lawyer also play a critical role in reducing surprises. In a buyer-friendly 2026 market, you can afford to slow down and compare options. If something does not feel right, it is okay to walk away. Quick Tips to Avoid Buyer’s Remorse Get pre-approved early and respect your budget Prioritize needs over cosmetic upgrades Research neighbourhoods thoroughly Always complete a home inspection Take your time and trust the process Avoiding buyer’s remorse in Victoria, BC comes down to clarity, patience, and the right advice. Ready to buy with confidence? Contact us to discuss how these strategies can support your home search and help you feel good about your decision long after you move in.   Wilson, 5-Star Review, via Google “Amazing people there! They will help you through the entire process and will always make you feel like family. For those first time home buyers, don't be intimidated entering the market because they will explain every process and guide you through.” 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.”  

BC real estate prices in 2026 continue to reflect a market shaped by structural pressures rather than short-term swings. While conditions are more balanced than past cycles, several forces still influence pricing across the province. Housing Supply Remains Tight New construction has not kept pace with population growth. Zoning changes help long-term supply, but short-term inventory remains limited, especially in urban and desirable lifestyle markets. Interest Rates and Buyer Behaviour Rate stability in 2026 has improved buyer confidence. While higher than historic lows, predictable borrowing costs allow buyers to plan, supporting steady demand rather than rapid price jumps. Population Growth and Migration Interprovincial and international migration continue to fuel housing demand. BC remains attractive for employment, education, and lifestyle, keeping pressure on prices in key regions. Regional Market Differences Not all markets move the same way. Urban centres show slower price growth, while secondary and lifestyle markets see more resilience due to relative affordability and limited listings. Long-Term Investment Outlook Many buyers view real estate as a long-term hold. This mindset reduces panic selling during slower periods and helps stabilize prices across market cycles. BC real estate prices in 2026 are driven less by speculation and more by fundamentals. Supply constraints, steady demand, and long-term ownership patterns continue to support values across the province. If you have any questions about real estate, feel free to reach out.   Lisa S., 5-Star Review, via Google “Scott went above and beyond for us in both finding our dream home and selling our condo. He listened to us and provided professional advice for each circumstance. Would highly recommend!” 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 Westshore vs Saanich East debate is becoming more common as buyers explore Greater Victoria’s suburban options. Both areas offer strong lifestyle benefits, established amenities, and access to nature, but they appeal to different priorities and budgets. Understanding how Colwood and the broader Westshore compare to Saanich East can help buyers make confident real estate decisions. Lifestyle and Community Feel When comparing Westshore vs Saanich East, lifestyle is often the biggest deciding factor. The Westshore, including Colwood, Langford, and View Royal, tends to offer a newer suburban feel. Many neighbourhoods feature modern developments, growing commercial hubs, and easy access to parks, lakes, and oceanfront spaces. Communities like Royal Bay and Olympic View emphasize outdoor living, family-friendly planning, and newer infrastructure. The Westshore is especially attractive to buyers looking for newer homes, expanding amenities, and a slightly more relaxed suburban atmosphere. Saanich East offers a more established and mature neighbourhood experience. Areas such as Gordon Head, Cadboro Bay, and Mt. Douglas feature tree-lined streets, established schools, and proximity to the University of Victoria. Many buyers are drawn to Saanich East for its strong sense of community, long-standing neighbourhood character, and central location within Greater Victoria. Housing Prices and Property Types Housing costs remain a major factor in the Westshore vs Saanich East comparison. The Westshore generally provides more attainable entry points into the market. Buyers often find newer condos, townhomes, and detached houses at lower average price points compared to Saanich East. Larger homes, newer construction, and family-oriented developments are often more accessible in Colwood and Langford, making the Westshore popular with first-time buyers and move-up families. Saanich East typically commands higher price points due to its established neighbourhoods, proximity to downtown Victoria, and strong school catchments. Many homes in Saanich East are older but situated on larger, mature lots. Buyers often choose Saanich East for long-term stability, central convenience, and neighbourhood prestige. Amenities and Convenience Amenities play a significant role when evaluating Westshore vs Saanich East living. The Westshore continues to expand its commercial and recreation offerings. Belmont Market, Westshore Town Centre, and the Royal Bay Commons development provide growing retail, dining, and service options. Recreation opportunities are abundant, including hiking, beaches, golf courses, and lakes. The Westshore is also seeing increased mixed-use developments that integrate housing with everyday amenities. Saanich East benefits from long-established infrastructure and highly regarded public services. Residents enjoy close access to the University of Victoria, Camosun College, and several major recreation centres. Cadboro Bay Village and Broadmead Village provide boutique shopping and community-focused services. Saanich East also offers quicker access to downtown Victoria and Oak Bay, which appeals to buyers prioritizing central convenience. Commute and Accessibility Commute time is another major consideration in the Westshore vs Saanich East decision. Westshore residents commuting into downtown Victoria or Saanich East typically face longer travel times, particularly during peak traffic hours. However, continued road improvements and expanding local employment opportunities are helping reduce reliance on commuting for many residents. Saanich East offers shorter and more predictable commute times to downtown Victoria, major employment centres, and post-secondary institutions. This central positioning is often a major advantage for professionals and university staff or students. Long-Term Investment and Market Trends Both regions offer strong long-term real estate potential. The Westshore continues to benefit from population growth, new construction, and expanding infrastructure. These factors support steady demand and long-term appreciation potential. Saanich East remains one of Greater Victoria’s most stable and consistently desirable housing markets. Limited land availability and strong neighbourhood reputation help support property values and long-term resale strength. Which Suburb Is Right for You? Choosing between The Westshore vs Saanich East debate is becoming more common as buyers explore Greater Victoria’s suburban options. Both areas offer strong lifestyle benefits, established amenities, and access to nature, but they appeal to different priorities and budgets. Understanding how Colwood and the broader Westshore compare to Saanich East can help buyers make confident real estate decisions. Lifestyle and Community Feel When comparing Westshore vs Saanich East, lifestyle is often the biggest deciding factor. The Westshore, including Colwood, Langford, and View Royal, tends to offer a newer suburban feel. Many neighbourhoods feature modern developments, growing commercial hubs, and easy access to parks, lakes, and oceanfront spaces. Communities like Royal Bay and Olympic View emphasize outdoor living, family-friendly planning, and newer infrastructure. The Westshore is especially attractive to buyers looking for newer homes, expanding amenities, and a slightly more relaxed suburban atmosphere. Saanich East offers a more established and mature neighbourhood experience. Areas such as Gordon Head, Cadboro Bay, and Mt. Douglas feature tree-lined streets, established schools, and proximity to the University of Victoria. Many buyers are drawn to Saanich East for its strong sense of community, long-standing neighbourhood character, and central location within Greater Victoria. Housing Prices and Property Types Housing costs remain a major factor in the Westshore vs Saanich East comparison. The Westshore generally provides more attainable entry points into the market. Buyers often find newer condos, townhomes, and detached houses at lower average price points compared to Saanich East. Larger homes, newer construction, and family-oriented developments are often more accessible in Colwood and Langford, making the Westshore popular with first-time buyers and move-up families. Saanich East typically commands higher price points due to its established neighbourhoods, proximity to downtown Victoria, and strong school catchments. Many homes in Saanich East are older but situated on larger, mature lots. Buyers often choose Saanich East for long-term stability, central convenience, and neighbourhood prestige. Amenities and Convenience Amenities play a significant role when evaluating Westshore vs Saanich East living. The Westshore continues to expand its commercial and recreation offerings. Belmont Market, Westshore Town Centre, and the Royal Bay Commons development provide growing retail, dining, and service options. Recreation opportunities are abundant, including hiking, beaches, golf courses, and lakes. The Westshore is also seeing increased mixed-use developments that integrate housing with everyday amenities. Saanich East benefits from long-established infrastructure and highly regarded public services. Residents enjoy close access to the University of Victoria, Camosun College, and several major recreation centres. Cadboro Bay Village and Broadmead Village provide boutique shopping and community-focused services. Saanich East also offers quicker access to downtown Victoria and Oak Bay, which appeals to buyers prioritizing central convenience. Commute and Accessibility Commute time is another major consideration in the Westshore vs Saanich East decision. Westshore residents commuting into downtown Victoria or Saanich East typically face longer travel times, particularly during peak traffic hours. However, continued road improvements and expanding local employment opportunities are helping reduce reliance on commuting for many residents. Saanich East offers shorter and more predictable commute times to downtown Victoria, major employment centres, and post-secondary institutions. This central positioning is often a major advantage for professionals and university staff or students. Long-Term Investment and Market Trends Both regions offer strong long-term real estate potential. The Westshore continues to benefit from population growth, new construction, and expanding infrastructure. These factors support steady demand and long-term appreciation potential. Saanich East remains one of Greater Victoria’s most stable and consistently desirable housing markets. Limited land availability and strong neighbourhood reputation help support property values and long-term resale strength. Which Suburb Is Right for You? Choosing between Westshore vs Saanich East ultimately depends on your priorities. Buyers seeking newer homes, family-focused planning, and more attainable pricing often gravitate toward Colwood and the Westshore. Buyers prioritizing central location, established neighbourhoods, and long-term neighbourhood stability often prefer Saanich East. Both communities offer exceptional lifestyle benefits and strong real estate fundamentals. The right choice comes down to how you balance commute, budget, home style, and neighbourhood character. If you are considering buying in either the Westshore or Saanich East, contact us to discuss your options and find the neighbourhood that best fits your lifestyle and home search goals. Shannon R., 5-Star Review, via Google It was a pleasure to work with Scott Faber and Faber Real Estate Group. When I started looking for my first home in August 2021, I had some pretty specific requirements. Scott is a really knowledgeable Agent who also took the time to understand what I was looking for. I never felt pressured into making a decision that wasn't my own, but always valued his honest opinion and guidance when needed. It took close to 9 months, but we found a great place that checked all the boxes, that I'm excited to call home.. I appreciate the whole team's effort, support and patience throughout this journey and as a first time home buyer I could not be happier with my experience with 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Vancouver Island assessed property values are now available, and many homeowners are asking what the numbers really mean. While assessments influence property taxes, they do not directly reflect current market value. Understanding how BC Assessment works helps put these figures into context. How BC Assessment Determines Value BC Assessment estimates property values annually based on a July 1 valuation date from the prior year. They analyze recent sales, property characteristics, location, and zoning. The goal is fairness across similar properties, not predicting today’s selling price. Why Total Assessed Values Reached $399 Billion Across British Columbia, total assessed property values climbed to approximately $399 billion. This increase reflects long-term population growth, limited housing supply in many areas, and steady demand over several years. Even in a more balanced market, past price gains still influence assessed values. Regional Differences Across Vancouver Island Changes were not uniform. In Greater Victoria, assessments rose by about 1 percent, signalling a cooler and more stable market compared to prior years. In contrast, parts of the North Island saw increases of up to 7 percent, driven by relative affordability, lifestyle demand, and fewer listings. These differences matter. Property taxes are based on your home’s value relative to others in your municipality, not just whether your assessment went up or down. What This Means for Homeowners in 2026 A higher assessment does not automatically mean higher taxes. If your property value increased less than the local average, your tax bill may rise only modestly. For buyers and sellers, assessed values remain a reference point, but market conditions, pricing strategy, and timing still matter more. If you believe your assessment does not reflect your property accurately, you can review comparable sales and file an appeal within the stated deadline. Bottom Line Vancouver Island assessed property values 2026 show a market that is stabilizing in some regions and still adjusting in others. Understanding the assessment process helps homeowners make informed decisions without overreacting to the headline number.   Cindy H., 5-Star Review, via Google “The Faber team go above and beyond! Scott is wonderful to deal with and has a great attitude. I definitely recommend.” 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.”

Waterfront homes in the Westshore and Saanich Peninsula remain some of the most desirable and supply-constrained properties in Greater Victoria. From modern coastal communities in Royal Bay to estate-style homes along Lands End Road in North Saanich, each area offers a distinct lifestyle, price point, and buyer profile. Understanding the differences is key when evaluating long-term value, exposure, and daily livability. Westshore Waterfront and Ocean-View Areas Royal Bay and Beachlands Royal Bay offers a rare mix of true oceanfront, elevated view homes, and a walkable seaside community. Most properties are newer builds with modern layouts, energy efficiency, and strong resale appeal. Waterfront homes are limited, while ocean-view properties make up the majority of available inventory. Best for buyers seeking coastal living with amenities, trails, and a neighbourhood feel. Colwood Waterfront Colwood features a small number of direct waterfront homes along Esquimalt Lagoon and the southern shoreline. Many are older homes on irreplaceable lots, often purchased for long-term hold or redevelopment potential. Ocean-view properties above the lagoon offer strong sightlines at a lower entry point than true waterfront. View Royal Shoreline View Royal has limited but highly prized waterfront along Portage Inlet and the Gorge. These properties appeal to buyers who want water access while staying close to downtown and major commuter routes. Inventory here is extremely tight, and homes rarely come to market. Saanich Peninsula Waterfront and Ocean Views Central Saanich Central Saanich offers a mix of waterfront acreage and elevated ocean-view homes with outlooks toward James Island and Mount Baker. Buyers often prioritize privacy, larger lots, and proximity to marinas. This area balances rural character with access to shops, wineries, and Brentwood Bay amenities. North Saanich and Lands End Road Lands End Road represents one of the most prestigious waterfront corridors on Vancouver Island. Homes here range from classic West Coast estates to modern architectural builds, often with private beach access and sweeping ocean views. Ocean-view properties along the peninsula provide similar outlooks without the maintenance and exposure of direct waterfront. This area attracts long-term owners and lifestyle buyers rather than short-term investors. Waterfront vs Ocean-View: What to Consider Waterfront offers direct access and long-term scarcity but comes with higher maintenance, insurance considerations, and exposure to weather. Ocean-view homes provide strong visual appeal, lower risk, and often better value per square foot. In many cases, elevated ocean-view properties outperform waterfront homes on a relative basis due to lower ownership costs. Bottom Line Waterfront homes in the Westshore and Saanich Peninsula offer very different experiences depending on location. Royal Bay delivers modern coastal living, while North Saanich provides privacy and legacy-style ownership. Ocean-view properties remain the most flexible option for many buyers seeking views without the complexity of true waterfront ownership. If you are considering waterfront or ocean-view living and want to understand which areas best align with your lifestyle and long-term goals, reach out anytime to discuss your options and current opportunities. Michael F., 5-Star Review, via Google “If you want the best in town, stop your search – you've found them here in Cal and Scott Faber. We couldn't be happier with the results and highly recommend them to anyone in need of top-notch real estate services. Professional, patient, and caring results guaranteed.” 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 CRD water infrastructure fee is a newly approved charge that will affect new development across parts of Greater Victoria. Approved by the Capital Regional District Water Commission, the fee is designed to help fund major upgrades to the regional water system as population growth continues. For buyers, sellers, and builders, understanding this fee matters. While it does not apply directly to existing homeowners, it can influence future housing costs and development decisions in Victoria and the Westshore. Why the CRD Approved a New Water Fee The CRD manages the regional water supply, which serves a growing population across Victoria and surrounding communities. Much of the existing infrastructure was built decades ago and now requires significant upgrades to remain reliable and resilient. The newly approved fee is intended to help pay for large-scale water infrastructure projects. These include improvements to treatment facilities, distribution systems, and long-term supply capacity. Rather than placing the full cost on current ratepayers, the CRD has adopted a growth-pays-for-growth approach. How the Fee Works The CRD water infrastructure fee applies to new residential and commercial development. It functions similarly to other development cost charges, helping offset the capital cost of expanding water infrastructure needed to support new housing and population growth. The fee is typically paid by developers at the building or subdivision stage. While buyers do not pay the charge directly, it can be reflected in overall development costs and, eventually, home prices. What This Means for Buyers For buyers entering the market in 2026, the fee is unlikely to affect resale homes in the short term. However, it may influence pricing on new construction and multi-unit projects as builders adjust to higher upfront costs. Over time, these types of fees can contribute to higher replacement costs for housing, which can support long-term property values. At the same time, improved infrastructure helps ensure reliable water service, which is a critical factor in regional growth and livability. Impact on the 2026 Market In a balanced 2026 market with higher inventory and stable pricing, infrastructure fees are one of many factors shaping development decisions. While the new CRD water infrastructure fee may add pressure to construction costs, it also supports the systems needed to accommodate future housing supply. For buyers focused on long-term ownership, strong infrastructure investment is generally seen as a positive, even if it creates short-term cost considerations for new builds. Bottom Line The CRD water infrastructure fee reflects a broader effort to prepare Greater Victoria for continued growth. While it primarily affects new development, its impact can extend to buyers through pricing, supply, and long-term value. If you are considering a new build or want to understand how infrastructure changes may influence your options, it is worth factoring this into your decision-making. Ready to understand how this new CRD fee could impact your home search or future plans? Contact us to discuss how these changes may affect your buying or selling strategy.   Colin C., 5-Star Review, via Google “Given our unique situation with issues around the timing of our move, Cal went far beyond the call of duty to protect our property and help us as well as make us feel at home and welcome in Victoria. We have no hesitations in highly recommending the Faber team as 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.”