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.”  

The 2026 Greater Victoria real estate market entered the year in a noticeably more balanced position. Inventory is higher year-over-year, sales remain seasonally soft, and prices are largely stable, with variation by neighbourhood and property type. Buyers have real choice again. Sellers who price realistically are still seeing solid outcomes. January 2026 Snapshot (VREB) Sales: 339 properties sold region-wide 19.7% fewer than January 2025 7.6% fewer than December 2025, consistent with winter trends Active Listings: 2,624 at month-end Up 3.1% from December Up 9.6% year-over-year Market Balance: Sitting on the line between balanced and buyer-friendly, depending on the neighbourhood Benchmark Prices at a Glance Victoria Core Single-family: $1,265,500 Down 2.5% year-over-year Slight uptick from December, signalling price stability Condos: $537,800 Down 1.5% year-over-year The most stable segment in the market Westshore Single-family benchmarks are not broken out monthly Langford, Colwood, and View Royal posted modest gains through 2025 Relative affordability and newer housing stock continue to support demand Saanich (East & West) Generally stable pricing Family-oriented neighbourhoods like Gordon Head, Broadmead, and Royal Oak are holding value well Data source: VREB MLS® Home Price Index, February 2026 release What This Means So Far The broader trend from 2025 into early 2026 is clear. Core Victoria single-family homes softened modestly over the past year. The Westshore posted small gains, supported by family demand and newer inventory. Saanich continues to act as the steady middle ground. What Buyers Can Expect in 2026 More selection, especially early in the yearInventory levels are the highest seen in several years. Expect more choice and slightly longer days on market across most areas. Stable pricing with room to negotiateCore Victoria single-family benchmarks are holding in the $1.25M to $1.3M range. The Westshore continues to offer the best value for buyers seeking detached homes. Condos remain buyer-friendlyCondos are still the most accessible entry point for first-time buyers and downsizers, with stable pricing and ample selection. Westshore continues to lead for growth and valueLangford, Colwood, View Royal, Westhills, and Royal Bay offer newer builds, family amenities, and long-term upside. Saanich delivers lifestyle and schoolsNeighbourhoods like Gordon Head, Cadboro Bay, Broadmead, and Royal Oak continue to command premiums. Inventory is tighter, so well-prepared homes still sell quickly when priced correctly. Rates and external factors matter, but less dramaticallyMortgage rate stability or modest Bank of Canada cuts would support confidence. The market has returned to normal seasonal patterns rather than urgency-driven behaviour. Bottom Line for 2026 The 2026 Greater Victoria real estate market is healthy and sustainable. Buyers have more choice than at any point since 2021, prices are not falling sharply, and demand remains steady in well-located neighbourhoods. If you are planning to buy this year, the first half of 2026 offers one of the strongest windows we have seen in recent years, particularly in the Westshore and select areas of Saanich. If you would like to discuss your options or explore opportunities in your target neighbourhood, feel free to reach out anytime. Noel A., 5-Star Review, via Google “My partner and I had a great experience with Scott and the Fabers with our first home purchase. Scott answered all questions we had and helped guide us to make the right purchase that fit our lifestyle. Would highly recommend the Fabers!” 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.”

In the stable 2026 Victoria real estate market, where inventory remains higher and prices are holding steady, getting pre-approved for a mortgage is one of the smartest first steps you can take as a buyer. Pre-approval gives you clarity around your budget and shows sellers that you are prepared and serious. Whether you are a first-time buyer looking at condos or townhomes, or planning to move into a family home in areas like Oak Bay or the Westshore, pre-approval helps you shop with confidence and focus on realistic options. What Is Mortgage Pre-Approval? Mortgage pre-approval is a lender’s conditional commitment outlining how much you may be able to borrow based on a review of your finances. This includes a credit check, income verification, and an assessment under Canada’s mortgage stress test. Unlike pre-qualification, which is only an estimate, pre-approval provides a more reliable borrowing range. It also allows many buyers to lock in an interest rate for up to 90 to 120 days, offering protection against short-term rate changes. In a market like Victoria, where average home prices remain high, pre-approval helps narrow your search and avoid wasted time. Why Pre-Approval Matters in Victoria’s 2026 Market Pre-approval strengthens your position when making an offer. Sellers are more likely to take your offer seriously when financing is already reviewed, especially in desirable neighbourhoods where competition can still exist. It also provides peace of mind. Knowing your borrowing limit allows you to plan confidently, align expectations, and avoid overextending yourself. For first-time buyers, pre-approval also helps coordinate eligibility for government programs and incentives. Steps to Get Pre-Approved The process is straightforward when documents are prepared in advance. Review your finances Check your credit score, outstanding debts, and available down payment. A score of 680 or higher typically opens access to better rates. Gather required documents Having documents ready can significantly speed up approval timelines. Choose a lender or mortgage broker Banks, credit unions, and brokers each offer different advantages depending on your needs. Submit your application Applications can be completed online, in person, or over the phone. A hard credit check is required. Receive your pre-approval Once approved, you will receive a letter outlining your maximum purchase price and rate hold period. Documents You Will Need To keep things moving smoothly, prepare the following: Government-issued photo ID Recent pay stubs and T4s or Notices of Assessment Employment confirmation letter Bank statements and details of existing debts Proof of down payment and closing costs Self-employed buyers may need additional documentation covering the past two years. Choosing a Lender or Broker in Victoria Victoria buyers can choose between major banks, local credit unions, or licensed mortgage brokers. Banks and credit unions offer direct applications and familiar products. Mortgage brokers, on the other hand, can compare multiple lenders and help structure financing based on your goals. Working with a broker can be especially helpful if your income is variable, you are self-employed, or you want to explore more flexible options.  Common Mistakes to Avoid Avoid taking on new debt during the pre-approval process, as it can impact your borrowing power. It is also wise to review your credit report in advance and correct any errors. Finally, try to complete lender applications within a short time frame to limit the impact on your credit score. Bottom Line Mortgage pre-approval sets the foundation for a successful home purchase in Victoria. It helps you understand your budget, strengthens your offers, and reduces stress once you find the right property. Ready to take the next step toward buying in Victoria or the Westshore? Contact us to discuss how pre-approval fits into your home search and overall strategy. We can also refer you to a mortgage broker.    James C., 5-Star Review, via Google “Scott made the process of finding a good condo in Victoria as simple and straightforward as it can be. He was always very helpful, and quick to respond throughout the process from start to finish. Being new to BC I think the ordeal would have been pretty overwhelming otherwise. I'd definitely recommend Scott and his team to others 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”  

The Sidney BC housing market outlook points to stability rather than sharp swings. Current assessments suggest modest value increases of roughly 2 to 3 percent for both single-family homes and condos, reflecting steady demand in this coastal community. Why Assessed Values Are Rising Slowly Sidney’s housing stock is mature and largely built out. Limited new supply helps support values, but a balanced resale market keeps growth measured. For 2026, modest assessment increases signal a market that is healthy, not overheated. Coastal Appeal Drives Consistent Demand Sidney’s waterfront setting, walkable downtown, and proximity to the airport and ferries continue to attract buyers. Retirees, downsizers, and lifestyle-focused purchasers remain active, which helps sustain demand even during broader economic shifts. Condos and Single-Family Homes Stay Aligned Both housing types are seeing similar assessment trends. Condos remain popular with downsizers and part-time residents, while single-family homes benefit from limited inventory and long-term ownership patterns. What This Means for Homeowners and Buyers A 2 to 3 percent assessed value increase does not automatically mean higher property taxes. Taxes depend on how your home compares to others locally. For buyers, Sidney offers predictability and long-term value rather than rapid appreciation. Bottom Line The Sidney, BC housing market outlook suggests modest value gains supported by lifestyle demand and limited supply. For homeowners and buyers alike, Sidney continues to offer stability in a changing market.   Don S., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

When people think about living in Victoria BC, the focus often starts with home prices and market conditions. While those factors matter, they only tell part of the story. What truly sets Victoria apart is the lifestyle that comes with it. From easy access to nature to a strong sense of community, Victoria offers daily benefits that go far beyond real estate. In a stable 2026 market, these lifestyle factors continue to influence why people choose to settle here long-term. Parks and Green Spaces That Shape Daily Life One of the biggest lifestyle advantages of living in Victoria BC is the access to green space. With more than 200 parks across the region, nature is never far from home. Beacon Hill Park remains a standout, offering walking paths, gardens, and open space right near downtown. It is a go-to spot for morning walks, weekend picnics, and family time. For those looking for elevation and views, Mount Douglas Park provides scenic trails overlooking the city and coastline. These parks do more than enhance scenery. They encourage outdoor activity, support mental well-being, and create natural gathering spaces where neighbours connect. In communities like Oak Bay and Saanich, parks often feel like an extension of the neighbourhood itself. Trails That Connect the City Beyond parks, Victoria’s trail network plays a major role in everyday life. The Galloping Goose Regional Trail is a key highlight, stretching from downtown to the Westshore and beyond. This multi-use trail supports cycling, walking, and commuting without a car. Many residents use it daily, whether for exercise or to get to work. Its connections to other routes, including the Lochside Trail, make it easy to travel across the region while staying active. For Westshore residents in Langford and Colwood, the trail offers a practical alternative to traffic. Combined with Victoria’s mild climate, these trails remain usable year-round, adding to the appeal of outdoor living. Community Events and Local Culture Victoria’s lifestyle is also shaped by its active community and year-round events. Seasonal festivals, local markets, and neighbourhood gatherings help create a strong sense of belonging. Events like the Victoria Fringe Festival and Rifflandia continue to attract both locals and visitors. Weekly farmers’ markets in areas such as James Bay and Moss Street support local businesses while offering fresh, regional food. Even outside major festivals, smaller community events keep neighbourhoods connected. These experiences help newcomers feel at home quickly and give long-time residents reasons to stay engaged. Why Victoria Feels Like Home What often stands out most about living in Victoria BC is the balance it offers. The city combines small-community charm with urban amenities, including strong schools, growing employment sectors, and reliable transit. Victoria’s mild climate supports an outdoor lifestyle year-round, which many residents consider a major quality-of-life advantage. Combined with a reputation for safety and walkability, it appeals to families, professionals, and retirees alike. In a 2026 market marked by stable prices and increased inventory, buying in Victoria is about more than timing the market. It is about choosing a place that supports how you want to live. If you are considering a move, the lifestyle benefits of Victoria may be just as important as the numbers. Living here means investing in daily quality of life, not just real estate value. Gigi S., 5-Star Review, via Google “Scott and his team is highly professional group . Scott is a very friendly person ,care for needs and requirements of his client . He makes sure that the property you are buying is your dream place and where you would like to see yourself staying forever . I'm glad that we found such a great realtor.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Victoria BC zoning laws play a major role in how properties can be used, renovated, or redeveloped. If you are buying or selling in Victoria, understanding zoning helps you avoid surprises and identify long-term opportunities. At its core, zoning shapes how neighbourhoods evolve over time. These rules determine not only what exists today, but also what may be possible in the future, making zoning knowledge especially valuable in a changing market. What Zoning Laws Do To manage growth and land use, zoning laws set clear parameters for development. They outline how land can be used and what can be built, helping balance housing needs with neighbourhood character. Specifically, zoning bylaws divide land into defined categories. Each zone establishes rules around permitted uses, building height, density, setbacks, and parking. Some zones allow only detached homes, while others permit duplexes, townhomes, or small multi-unit buildings. In Victoria, these rules are governed through the Zoning Bylaw 2018 alongside the older Zoning Regulation Bylaw. Together, they apply to residential, commercial, and mixed-use areas across the city. Main Zoning Types in Victoria Understanding the main zoning categories helps clarify what is allowed in different areas of the city. Residential zones cover single-family homes, multi-family housing, and mixed residential uses. Recent updates have focused on increasing density through small-scale multi-unit housing rather than high-rise development. Beyond residential areas, commercial zones allow retail, offices, and services, often combined with residential units in central locations. Industrial zones support manufacturing and warehouse uses and are typically located away from residential neighbourhoods. There are also special zones for institutional, agricultural, and park-related uses. Recent Zoning Changes to Know In recent years, provincial housing policies have significantly reshaped Victoria BC zoning laws for 2026. Many lots that once allowed only one home now permit up to four or six units, depending on lot size and proximity to transit. These changes are designed to increase housing supply while maintaining livable communities. As a result, zoning in Victoria’s core now encourages infill and gentle density. In contrast, growing areas closer to the Westshore are seeing zoning that supports larger developments and transit-oriented housing. How Zoning Affects Buyers and Sellers These zoning rules have practical implications for buyers, sellers, and investors. For buyers, zoning determines future options such as adding a suite or building additional units. For sellers, more flexible zoning can increase buyer interest and perceived value. From an investment perspective, zoning directly influences rental potential, redevelopment feasibility, and long-term returns. Because of this, zoning should always be reviewed early in the decision-making process. Before moving forward, confirm zoning details with the City of Victoria, especially if future development or expansion is part of your plan. Bottom Line Victoria BC zoning laws are designed to support growth while balancing community needs. Understanding how zoning works gives buyers, sellers, and investors a clearer picture of what a property can offer today and what it may offer in the future. This information is for educational purposes only. Always verify zoning with the City of Victoria before proceeding.   Shane B.,  5-Star Review, via Google “The last few months navigating this crazy real estate market has been a rollercoaster, and we couldn’t have done it without the Faber Real Estate Team! Scott was extremely helpful, positive and always available. Under a tight timeline we were able to get our condo on the market and sell right away, to be available for any housing opportunity. Scott was patient and helpful throughout the entire process of searching for houses, and went above and beyond to help us finally land an accepted offer on the perfect home. Thank you Scott and the Faber Real Estate Team!” 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 Highlands is one of the West Shore’s most exclusive residential areas. Known for large acreages, forested surroundings, and limited development, The Highlands real estate appeals to buyers who prioritize privacy and lifestyle over proximity to downtown. In 2026, market conditions remain balanced across Greater Victoria. Higher inventory and modest price softening have created more opportunities for well-prepared buyers. As a result, The Highlands stands out as a quieter alternative to Oak Bay or central Victoria without sacrificing long-term value. Current Market Snapshot (Early 2026) The Highlands remains a low-inventory market, typically offering just a handful of active listings at any time. Key trends include: Typical single-family values around $1.23M, slightly below last year Listings ranging from the mid-$700,000s to over $3M for estate properties Median list prices near $1.2M, with higher pricing near Bear Mountain Because homes here appeal to a niche audience, days on market often run longer than urban areas. That dynamic can benefit patient buyers. What Makes The Highlands Unique Privacy and SpaceMost properties sit on one to five acres or more. Gated entries, long driveways, and natural buffers are common. Natural SurroundingsThe area borders Thetis Lake Regional Park and features extensive trail networks, wildlife, and forested views. Outdoor-focused buyers often see this as a major lifestyle upgrade. Nearby AmenitiesWhile The Highlands feels remote, Bear Mountain Resort, Langford shopping, and highway access are all within a short drive. Long-Term Value ProtectionZoning restrictions and limited land supply help preserve the rural-luxury character that defines The Highlands real estate. Types of Homes Available Buyers typically encounter three broad categories: Entry-level luxury ($775,000 to $1.2M): Older or updated homes on larger lots Mid-tier estates ($1.2M to $2M): Larger homes with modern finishes, pools, or guest suites High-end properties ($2M+): Custom builds, premium views, or Bear Mountain-adjacent homes Opportunities for expansion or multi-generational living are common. Is The Highlands Worth Considering in 2026? For buyers seeking space and seclusion, yes. Advantages More negotiating room than peak market years Better value compared to Oak Bay or Saanich estates A lifestyle focused on nature, privacy, and calm Considerations Commutes of 20 to 30 minutes to downtown Victoria Reliance on Langford or Colwood for services Higher maintenance costs for acreage properties Practical Tips for Buyers Secure pre-approval early, especially for rural properties Confirm servicing details such as wells or septic systems Review zoning carefully if future development is planned Work with an agent experienced in The Highlands real estate Final Thoughts The Highlands remains one of Greater Victoria’s most distinctive luxury markets. In a balanced 2026 environment, it offers a rare combination of privacy, natural beauty, and relative value. For buyers who value space and long-term lifestyle quality, The Highlands real estate deserves close consideration. Devon M., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

In Victoria's real estate market, school catchments play a key role in determining home value. These boundaries decide which public school your child attends based on your address. Families often prioritize strong schools, so homes in desirable catchments attract more buyers and command higher prices. Even in 2026, with balanced market conditions, this factor remains strong. Parents seek quality education, shorter commutes, and better resale potential. How Catchments Drive Property Prices Homes inside popular school catchments often sell for a premium. Demand rises when families compete for spots in high-performing or well-regarded schools. This creates tighter supply, faster sales, and upward pressure on values. In Greater Victoria, desirable catchments boost appeal. Properties in these zones frequently see stronger demand from family buyers. As a result, they hold value better during market shifts and often appreciate steadily. Local experts note that homes in strong catchments sell faster and at higher prices compared to similar homes nearby. Key School Districts and Catchment Areas Greater Victoria covers three main public school districts: SD61 (Greater Victoria): Covers core Victoria, Oak Bay, Esquimalt, and parts of Saanich and View Royal. Popular areas include neighbourhoods near top-rated schools. SD62 (Sooke): Serves western communities like Langford, Colwood, Sooke, and Metchosin. Growing areas here benefit from family-friendly schools. SD63 (Saanich): Includes much of the Saanich Peninsula, with suburban and rural zones. Catchment boundaries can shift slightly over time. Always use official tools like SD61's interactive School Locator for the latest maps. Top Areas and Their Value Impact Certain neighbourhoods stand out for family appeal due to school quality. Areas like Oak Bay, parts of Saanich East, and Fairfield often show stable appreciation. Homes near schools with strong programs (such as French Immersion or high academic performance) draw extra interest. Fraser Institute rankings and local feedback highlight consistent performers in these zones. Buyers pay more for access to these schools, which supports long-term home value. Tips for Buyers and Sellers Check catchments early in your search. Use official district tools rather than assumptions. Verify boundaries directly, as capacity issues can affect enrolment. For sellers, highlight catchment advantages in listings. This appeals to family buyers and can justify stronger pricing. If you lack school-aged children, catchments still matter. They widen your buyer pool for resale and add future-proof value. Final Thoughts School catchments in Victoria home value connections remain powerful in 2026. They influence demand, pricing, and resale ease, especially for families. If you plan to buy or sell in Victoria, prioritize this factor. Focus on family-friendly neighbourhoods like Oak Bay, Saanich, or the core. Contact a local realtor for current insights, listings, and catchment details. Making informed choices now supports both your lifestyle and investment goals.   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.”  

Buying a home in British Columbia especially in high-demand areas like Greater Victoria can feel daunting with rising prices and closing costs. The good news? In 2026, a mix of provincial, federal, and even local programs can significantly reduce upfront costs, boost your down payment, or lower ongoing expenses. These incentives are particularly valuable in the current balanced market, where buyers have more leverage. Here's a breakdown of the most impactful ones available right now, focusing on first-time buyers (though some apply more broadly). Always verify eligibility on official sites, as rules can adjust. Provincial Incentives (BC-Specific) First-Time Home Buyers’ Program (Property Transfer Tax Exemption/Refund) This is one of the biggest savers: It reduces or eliminates BC's Property Transfer Tax (PTT) on your purchase. For homes with fair market value $500,000 or less: Full exemption (no PTT at all). For homes $500,001–$835,000: Exemption of $8,000 (equivalent to no tax on the first $500,000). Partial phase-out for $835,001–$860,000. Homes over $860,000 generally don't qualify. Savings can reach up to $8,000+ (or more on lower-priced homes). You must be a first-time buyer (no prior ownership in the last few years), a BC resident, and meet other criteria like using it as your principal residence. Partial exemptions apply if co-buying with a non-qualifying partner. Check details and apply via the BC government site. Newly Built Home Exemption If buying or building a new home/condo: Full PTT exemption for homes up to $1,100,000, with partial for $1,100,001–$1,150,000. Great for new developments in areas like Langford or Colwood. Home Owner Grant Not just for first-timers—this reduces your annual property taxes. Up to $570 in Metro Victoria/Capital Regional District (or $770 elsewhere in BC). Full grant if assessed value ≤ $2,075,000 in 2026. It kicks in after purchase and helps with ongoing costs. Federal Incentives (Nationwide, Including BC) First Home Savings Account (FHSA) A powerful savings tool: Contribute up to $8,000/year (lifetime max $40,000 per person). Contributions are tax-deductible (like RRSP). Growth and qualified withdrawals for a first home are tax-free (like TFSA). Combine with other programs—perfect for building a down payment faster. Home Buyers’ Plan (HBP) Withdraw up to $60,000 tax-free from your RRSP for a down payment (or build). No tax on withdrawal; repay over 15 years (starting after a grace period). Ideal if you have RRSP savings—many first-timers stack this with FHSA. First-Time Home Buyers’ Tax Credit (Home Buyers’ Amount) Claim a non-refundable credit of up to $10,000 on your tax return (worth about $1,500 in savings, depending on your bracket). Applies to the year you buy; covers closing costs indirectly. GST/HST New Housing Rebate (Plus Proposed First-Time Buyer Top-Up) For new builds: Reclaim part of the GST/HST paid. A new federal proposal (with legislation advancing) offers additional relief: Up to 100% rebate (max ~$50,000) on new homes ≤ $1M, phasing out to $1.5M. If passed and applicable, it stacks with the standard rebate—huge for new construction buyers. CMHC Mortgage Insurance (for Low Down Payments) Not a direct grant, but enables 5% down payments on homes up to ~$1M+ (with insurance premium added to mortgage). In a balanced market, this stretches budgets further. Local Spotlight: Langford Attainable Home Ownership Program In the West Shore (Victoria area), the City of Langford offers a unique pilot: Up to 75% down payment assistance for qualifying buyers on select new condos priced $399,000–$499,000. Sliding scale based on income (e.g., max help for households under ~$130,000). Applications are open—great entry point for first-timers in growing Langford. How to Maximize These in 2026 Stack Them: Use FHSA + HBP for down payment, PTT exemption on closing, GST rebate on new builds, and Home Owner Grant ongoing. Get Pre-Approved: Factor these into your budget with a mortgage specialist. Timing Matters: Early 2026 often sees good inventory; act before potential changes. Eligibility Check: Most require Canadian citizenship/PR status, first-time status (some exceptions), and principal residence use. These programs can save thousands to tens of thousands, making homeownership more reachable—especially in the West Shore's relatively affordable pockets. Ready to dive into specifics for your budget or area? Let me know! Doug M., 5-Star Review, via Google “For us, selling our first home of 15 years brought up a lot of emotion and the process felt daunting. We had a challenging tenant and lived off island. In rode these 3 amigos, the Fabers, like knights on white horses! Always there, supporting, guiding every step of the way, connecting with confidence and kindness. Fluid communication and success on every level. Truly a God send, we can’t imagine having done it without them! A pleasure indeed.” 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.”