Buyer Resorces

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.”

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.”  

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.”

Greater Victoria continues to evolve as population growth, housing demand, and infrastructure investment shape how the region develops. Understanding where future growth is planned can help buyers, homeowners, and investors make informed long term decisions. Westshore Communities The Westshore remains one of the primary growth areas in Greater Victoria. Langford and Colwood continue to see new residential communities, mixed use developments, and commercial expansion. Planned infrastructure improvements, additional schools, and expanding amenities support continued population growth while improving livability. These areas attract buyers seeking newer housing options, relative affordability, and access to both urban convenience and outdoor recreation. Urban Core and Transit Oriented Growth In the City of Victoria and surrounding core municipalities, growth is increasingly focused on higher density development near major transit routes and employment centres. Condos, purpose built rentals, and mixed use projects are planned to support housing demand while limiting urban sprawl. Transit oriented growth helps improve walkability, reduce commute times, and create complete communities where residents can access daily needs without relying heavily on vehicles. Saanich and Established Neighbourhood Intensification Saanich plays a key role in Greater Victoria’s future growth through targeted intensification rather than large scale expansion. Development is often focused along major corridors, village centres, and underutilized commercial areas. This approach allows established neighbourhoods to evolve gradually while preserving community character and improving access to housing close to schools, services, and parks. Infrastructure and Employment Hubs Future growth is closely tied to infrastructure investment and employment centres. Improvements to transportation networks, health care facilities, post secondary institutions, and commercial districts influence where housing demand will remain strong. Areas that combine residential growth with nearby employment opportunities tend to offer stronger long term stability and reduced commuting pressure. Long Term Planning and Livability Across Greater Victoria, growth is guided by official community plans that emphasize sustainability, housing diversity, and livability. Green space preservation, improved transportation options, and community amenities are key priorities as municipalities plan for the future. Understanding these long term plans helps buyers choose areas that align with both lifestyle goals and future value.   Brett Hayward, 5-Star Review, via Google “I can’t suggest how to make Fabers better at being good realtors. They’re already congenial, trustworthy, informed, experienced, and thorough. Cal listened and advised, and somewhere in the middle he said what the condo would sell for and he was right on. Thanks!” 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.”

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.”  

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 Bank of Canada has held the overnight rate steady. For homeowners with fixed or variable mortgages, this means there is no immediate change to monthly payments. However, the decision itself offers important insight into where interest rates may be headed in 2026. In a balanced market like Greater Victoria, understanding the signal behind the pause matters just as much as the rate itself. What This Announcement Really Signals Holding rates suggests the Bank believes current policy is restrictive enough to cool inflation without further tightening. Instead of reacting aggressively, the Bank is choosing to wait and assess how past rate hikes continue to work through the economy. For buyers and homeowners, this points to a shift from rate shock to rate stability. Why Inflation Is No Longer Forcing the Bank’s Hand Inflation has eased from its peak and is moving closer to the Bank’s target range. While prices are still elevated in some areas, broad inflation pressures are no longer accelerating. Because of this, the Bank does not need to raise rates further to regain control. That does not guarantee cuts are imminent, but it reduces the risk of sudden increases. What Could Actually Move Rates This Year Future rate changes will likely depend on a few key factors: Sustained declines in inflation Slower economic growth or rising unemployment Weak consumer spending and housing activity If inflation continues to cool without a rebound in demand, gradual rate cuts later in 2026 become more likely. On the other hand, renewed inflation pressure or economic surprises could delay that timeline. How Buyers and Homeowners Should Think About Risk For current homeowners, stability offers a chance to review renewal timelines, stress test household budgets, and avoid overextending in anticipation of rapid rate cuts. For buyers, this environment supports careful planning. Rate holds reduce urgency, but affordability still matters. Buyers should focus on long-term payment comfort rather than timing short-term rate moves. In markets like Victoria, where inventory remains higher and prices are stable, patience and flexibility continue to be advantages. Bottom Line The Bank of Canada holding rates steady does not change payments today, but it signals a more measured phase of monetary policy. Inflation is no longer driving aggressive action, and future moves will depend on how the economy evolves through 2026. If you are weighing your options as a buyer or homeowner, now is a good time to review your strategy and understand how interest rate risk fits into your plans. Ready to talk through your next move? Contact us to discuss how today’s rate environment impacts your home search or long-term goals. Dione S., 5-Star Review, via Google “We made a MAJOR purchase and his expertise gave us the confidence to make OUR own decision in this crazy market! We are HAPPY ! Would not change a thing! Thank you Faber 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.”

For buyers considering Langford, Colwood, or View Royal, one question comes up again and again: is the Westshore commute worth it? The Westshore continues to attract buyers with more attainable pricing, larger homes, and access to nature. In a balanced 2026 market with higher inventory and stable prices, many buyers are weighing commute time against lifestyle benefits. The answer depends largely on how you work, travel, and spend your time. Traffic Reality in 2026 For those commuting by car, traffic remains the biggest drawback. Highway 1 is the main route into downtown Victoria, and congestion during peak hours can significantly extend drive times. What should be a short commute can stretch to 45 minutes or more on busy mornings. Growth in the Westshore has outpaced infrastructure, creating bottlenecks that are still being addressed. While improvements such as bridge upgrades and dedicated bus lanes have helped, traffic remains inconsistent. Buyers who drive daily need to factor this into their routine, especially if they work standard office hours. That said, proximity matters. Homes closer to Highway 1 or transit corridors in Colwood and View Royal can offer slightly more predictable travel times. Public Transit as an Alternative For buyers looking to avoid driving, public transit continues to improve. BC Transit’s Blink RapidBus provides frequent service between the Westshore and downtown, using dedicated lanes to reduce delays. During peak hours, buses arrive often enough to support daily commuting. Transit works especially well for students, downtown workers, and households with flexible schedules. However, some routes can still feel crowded, and transit times may not suit everyone. While transit is a viable option, it works best when paired with realistic expectations. Remote and Hybrid Work Changes the Equation Work-from-home and hybrid schedules have reshaped the Westshore commute conversation. In 2026, many buyers no longer travel five days a week. Even commuting two or three days instead of five significantly reduces the impact of traffic. This shift has made the Westshore more appealing for professionals in tech, government, and remote-friendly roles. For buyers with flexible work arrangements, the commute often becomes a manageable trade-off rather than a daily frustration. Space, Value, and Lifestyle Benefits What the Westshore lacks in proximity to downtown, it makes up for in space and value. Buyers typically get larger homes, newer construction, and better value per square foot compared to Victoria’s core neighbourhoods. Communities like Westhills and Bear Mountain offer planned developments with parks, trails, and amenities built in. Access to nature is a major draw, with nearby options like the Galloping Goose Trail, Goldstream Park, and Florence Lake supporting an active lifestyle year-round. For families and outdoor-focused buyers, these lifestyle benefits often outweigh longer travel times. Pros and Cons at a Glance Pros More affordable homes with larger layouts Strong access to parks, trails, and outdoor recreation Improved transit options and remote work flexibility High inventory and buyer leverage in 2026 Cons Traffic congestion during peak hours Longer drives to downtown amenities Ongoing infrastructure pressure as the area grows Bottom Line So, is the Westshore commute worth it? For buyers prioritizing space, affordability, and lifestyle, the answer is often yes, especially with hybrid or remote work. For those who value short commutes and walkable urban living, the trade-offs may feel more significant. In a 2026 market that favours buyers, the Westshore offers real value if the commute fits your routine. If you are considering Langford or Colwood, understanding how these factors align with your lifestyle is key to making the right move. Ready to explore options in Langford or Colwood? Contact us to discuss how these factors play into your home search. 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.”