Buyer Resorces

If you are buying real estate in British Columbia, Property Transfer Tax is a cost that often catches buyers by surprise. By understanding how it works, how much you may owe, and whether exemptions apply, you can plan more confidently and avoid last-minute issues. What Is Property Transfer Tax in BC? Property transfer tax in BC is a provincial tax you pay when you register a property purchase at the Land Title Office. You pay this tax at closing, and it is based on the property’s fair market value on the registration date, unless you qualify for an exemption. How Property Transfer Tax Is Calculated In most situations, the tax follows a tiered structure: 1% on the first $200,000 of the property value 2% on the portion between $200,000 and $2,000,000 3% on the portion above $2,000,000 An additional 2% on the residential portion over $3,000,000 Importantly, the province bases the tax on fair market value. This may differ from the purchase price if the sale did not occur on the open market. Example:If a home is valued at $650,000, the property transfer tax totals $11,000. This includes $2,000 on the first $200,000 and $9,000 on the remaining $450,000. Exemptions That May Reduce Your Tax In some cases, exemptions can reduce or eliminate property transfer tax. However, eligibility depends on specific criteria. First-Time Home Buyers’ Program If you qualify as a first-time buyer, you may receive a full or partial exemption. Currently, buyers can receive a full exemption on the first $500,000 of a property’s value and a reduced exemption on homes priced up to $860,000. To qualify, you must meet residency requirements, hold Canadian citizenship or permanent residency, and have never owned a principal residence. In addition, you must intend to live in the home as your primary residence. Newly Built Home Exemption Buyers purchasing a newly built home may also qualify for a property transfer tax exemption. Recent changes increased the price threshold to approximately $1.1 million. As a result, this exemption can significantly reduce closing costs for eligible buyers. Other Exemptions Additional exemptions may apply in specific situations. These include certain transfers between spouses or common-law partners, family transfers, and transactions related to estate planning or court orders. Because these rules vary, you should always confirm eligibility with a legal professional. Why Property Transfer Tax Matters Property transfer tax often represents a significant portion of closing costs. This is especially true in higher-priced markets like Greater Victoria. Therefore, knowing the amount owed and confirming exemptions early can affect affordability and overall purchasing decisions. Should You Seek Professional Advice? Property transfer tax rules can change, and eligibility criteria are often detailed. For that reason, speaking with both a real estate professional and a legal advisor can help ensure accuracy and avoid costly mistakes. If you plan to buy property in British Columbia, understanding how property transfer tax applies to your purchase can make the process smoother and more predictable from the start.   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.”  

Designed as a connected seaside neighbourhood, Royal Bay offers residents a mix of convenience, outdoor living, and daily necessities within walking distance of home. Royal Bay’s walkable lifestyle and amenities are central to what makes this Westshore community stand out. Walkable Design and Outdoor Connectivity Royal Bay’s layout prioritizes pedestrians and cyclists. Streets are designed to be safe and accessible, linking homes to parks, trails, beaches, and neighbourhood services without needing a car. Protected bike lanes, interconnected pathways, and easy access to the Galloping Goose regional trail reflect this focus on active transportation and walkability. Nature is woven into the community with over 10 kilometres of trails, playgrounds, and green spaces. Scenic seaside paths, forested walkways, and parks like the new Quarry Park create everyday opportunities for walking, running, or cycling close to home. Everyday Amenities at Your Doorstep Royal Bay’s mixed-use village, known as The Commons, anchors local amenities. This retail hub offers essential services and shops, including liquor stores, pharmacy services, and banking, all conveniently located within walking distance for residents. Dining options and local favourites, including bakeries and coffee shops, further enhance the pedestrian-friendly character of the area. Schools, Recreation, and Community Services Royal Bay is family-oriented with schools situated within the community and plenty of outdoor recreation. Trails, sports fields, and playgrounds make it effortless to walk to activities, while parks and green spaces provide daily outdoor destinations. Upcoming Amenity and Infrastructure Plans Several significant amenity projects are shaping the future of walkability and daily life in Royal Bay: Royal BC Museum Collections and Research BuildingA major cultural facility that will house research and public exhibits is coming to Royal Bay, with an expected opening in 2026. This landmark will add cultural destination appeal within walking distance of homes. Transit Exchange and Connectivity EnhancementsPlans include a Royal Bay Transit Exchange to improve public transit access across the Westshore and beyond, supporting walkable travel without dependence on a car. Quarry Park ExpansionQuarry Park’s new playground is open, and future walking trails, pump tracks, and open green spaces are scheduled to open in summer, along with planned sports fields, washrooms, and a potential community centre. New Residential and Mixed-Use DevelopmentProjects such as Bella Park condominiums will include extensive resident amenities like fitness spaces, social areas, green spaces, and co-working lounges, enhancing local walkable experiences and community engagement. Construction is expected to proceed through 2025–2027. What This Means for Residents The emphasis on walkability and amenities in Royal Bay makes living in this community distinct among Westshore neighbourhoods. Daily needs, recreation, culture, and connectivity are thoughtfully integrated so residents can walk to essential services, enjoy outdoor spaces, and participate in community life without long drives. Christina A. 5-Star Review, via Google “We had such a great experience working with Scott Faber during our recent home buying! From the start, Scott made everything super easy and was always there to answer our questions. Scott really listened to what we wanted and helped us find the perfect place.What we appreciated most was how down-to-earth and approachable he was. No matter what came up, Scott was on top of it and kept us in the loop the whole time. We felt like we were in great hands the entire process. ” 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 buying a home in Greater Victoria, many buyers must decide between a new build and a resale home. Each option offers unique benefits, depending on your budget, lifestyle, and timeline. Price and Ongoing Costs New build homes often come with a higher purchase price, particularly in growing areas like Langford and Colwood. While they include modern finishes and energy efficiency, buyers should budget for extras such as landscaping and window coverings. Resale homes may have a lower upfront cost, especially in established neighbourhoods. However, older homes may require updates or repairs, making a home inspection essential. Location and Neighbourhood New builds are typically located in developing communities, often farther from downtown Victoria. These areas offer newer infrastructure and planned layouts but may take time to fully mature. Resale homes are common in established neighbourhoods like Fairfield, Oak Bay, and Gordon Head, where amenities, schools, and transit are already in place. Customization and Condition New builds allow for modern layouts and, in some cases, finish selections. They also meet current building codes and include new systems, which can reduce early maintenance. Resale homes offer character and established lots. While updates may be needed, renovations can be done gradually and tailored to your preferences. Timelines and Warranties New builds often require flexible timelines due to construction schedules but come with the protection of BC’s 2-5-10 home warranty. Resale homes typically offer quicker possession and more predictable closing dates, though they do not include warranties. Which Option Is Right for You A new build may suit buyers looking for modern features and low initial maintenance, while a resale home may appeal to those prioritizing location and neighbourhood character. In Greater Victoria’s competitive market, the right choice depends on your long-term goals and lifestyle needs. Helen M, 5-Star Review, via Google “Cal and Scott are the best. They made it happen and made the entire process of securing my condo smooth and stress free. They were always supportive, responsive, and clearly committed to getting the right result. I am very grateful for their hard work and would highly recommend them to anyone looking for reliable, dedicated 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.”

Happy Valley is one of the Westshore’s most distinctive neighbourhoods, blending rural character with easy access to shops, schools, trails, and everyday conveniences. Located in south Langford near the Metchosin border, Happy Valley has historically been known for its agricultural roots, open spaces, and family‑friendly vibe, and today it continues to evolve while retaining its welcoming atmosphere.  Community Character and Location Happy Valley is a mix of agricultural land and residential developments, offering a laid‑back, country‑inspired lifestyle while still being close to Westshore amenities. It borders Royal Bay to the east and provides a quieter alternative to busier urban nodes, with homes set among green spaces and fields. Nearby Shopping and Everyday Amenities While Happy Valley itself is primarily residential, essential shopping and services are just a short drive away. Residents often visit Westshore Town Centre, Millstream Village, and Goldstream Village for grocery stores, cafes, restaurants, personal services, and weekend errands. A major retail centre is also being developed at Happy Valley Road and Latoria Road that will bring even more shops, services, and dining options closer to home.  Schools and Family Services Families are well served here. Happy Valley Elementary School sits within the neighbourhood and is a focal point for families with young children. Because of the family‑friendly nature of the area, playgrounds and parks are integrated into the community fabric, with spaces like Honeycrisp Park Playground providing safe places for kids to play and neighbours to connect.  Parks, Trails and Outdoor Access Happy Valley’s location supports an active, outdoor lifestyle. The neighbourhood has easy access to nature and recreational pathways, including sections of the Galloping Goose Regional Trail that run nearby for walking, cycling, and longer recreational outings. These trails connect Happy Valley to broader Westshore and Victoria areas while offering residents great opportunities for daily outdoor activity. Housing and Real Estate Trends The housing stock in Happy Valley reflects its growth from a rural enclave into a residential community. Many homes are single‑family properties, from newer builds to updated family homes, with options ranging from around mid‑$700,000 to higher‑end properties depending on size and location. Townhome developments have also appeared along Happy Valley Road, expanding housing choices for buyers seeking a lower‑maintenance property. . Why Happy Valley Appeals to Homebuyers Happy Valley attracts a diverse range of buyers: families drawn by the schools and parks, couples and professionals seeking space and community, and those who value proximity to nature without sacrificing everyday convenience. Its combination of quiet residential streets, agricultural charm, and proximity to Westshore amenities makes it an appealing choice for many homebuyers in the Greater Victoria area. Getting to Know Happy Valley As Langford continues to grow, Happy Valley maintains its unique identity. It offers a blend of open green space, community‑centric living, and emerging amenities that support both a relaxed daily lifestyle and convenient access to the rest of the Westshore.   Helen M., 5-Star Review, via Google “Cal and Scott are the best. They made it happen and made the entire process of securing my condo smooth and stress free. They were always supportive, responsive, and clearly committed to getting the right result. I am very grateful for their hard work and would highly recommend them to anyone looking for reliable, dedicated 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.”

Discovering asbestos in a home can be alarming, but it’s not uncommon in older properties in Victoria, BC, and it doesn’t always mean you need to panic. Asbestos-containing materials were widely used in insulation, flooring, roofing, and siding until the late 1980s. The key is understanding your options and taking appropriate safety measures. Confirm the Findings If your home inspection or testing report indicates asbestos, the first step is to ensure the results are accurate. Certified professionals can perform lab testing on samples to confirm the presence and type of asbestos. Knowing exactly what you’re dealing with helps guide safe removal or management. Assess the Risk Not all asbestos poses an immediate health threat. Asbestos is most dangerous when fibers become airborne and are inhaled. Intact, undisturbed materials (like insulation behind walls or flooring under carpet) are generally considered low-risk. A qualified professional can help determine whether the asbestos requires removal or if it can be safely managed in place. Hire Licensed Professionals for Removal If removal is necessary, only licensed asbestos abatement contractors should handle the work. Attempting DIY removal can release harmful fibers and create a serious health hazard. In Victoria, the Ministry of Labour and WorkSafeBC regulate asbestos removal, so using certified professionals ensures compliance with safety standards. Consider Containment or Encapsulation In some cases, asbestos can be safely managed without removal. Encapsulation involves sealing the material so fibers cannot escape, while containment involves enclosing the area to prevent exposure. These options may reduce costs while keeping the home safe. Communicate With Buyers or Sellers If you’re buying or selling a property, transparency is critical. Sellers should disclose asbestos findings, and buyers may negotiate repairs, removal, or price adjustments. Buyers should consult professionals to understand risks and potential costs before finalizing a purchase. Plan for Costs and Timing Removal or management of asbestos can be expensive, and scheduling certified professionals may take time. Include these considerations in your home buying or selling timeline. Factor the work into your budget to avoid surprises. Maintain Records Keep documentation of inspections, lab results, and any removal or management work performed. Future buyers or homeowners will benefit from clear records showing the home has been professionally assessed and safely maintained. Final Thoughts A positive asbestos report is not necessarily a dealbreaker. With the right approach — professional testing, proper risk assessment, safe removal or management, and transparent communication — homeowners in Victoria can navigate asbestos concerns safely while protecting their investment.   Scott L., 5-Star Review, via Google “Cal and Scott were not only professional but also incredibly personable and supportive. They were responsive to all my questions and concerns, making the entire selling process smooth and low stress. I highly recommend the Faber Group to anyone looking to sell their home with confidence. Thank you, Cal and Scott, for your outstanding service! ” 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.”

Housing affordability continues to be a central topic for buyers, sellers, and policymakers in Greater Victoria. With a diverse range of neighbourhoods and property types from condos and townhomes to single‑family homes, affordability trends vary across the region. Understanding these patterns helps prospective buyers set realistic expectations and allows homeowners to plan strategically in a shifting market. Sales Prices vs Buyer Income One common measure of affordability compares typical home prices to local household incomes. In Greater Victoria, median home prices for detached houses have historically exceeded provincial and national averages, making ownership of traditional single‑family homes less attainable for some households. Condominiums and townhomes generally provide more accessible entry points, but even these segments can present challenges when demand rises. Impact of Interest Rates Mortgage interest rates play a major role in affordability. When rates are higher, monthly carrying costs increase even if sale prices stabilize. Conversely, more favourable financing conditions can enhance affordability by increasing buyers’ purchasing power. In 2025 and into 2026, shifts in interest rates have influenced buyer decisions, with some buyers choosing to remain patient or explore alternative housing types. Inventory and Buyer Options Inventory levels directly affect affordability. Limited supply can tighten competition and support higher prices, while increased listings can offer buyers more choice and negotiating flexibility. Greater Victoria’s seasonal patterns can lead to fluctuating inventory, with spring often bringing more listings than winter, which may ease affordability pressures at certain times of the year. Neighbourhood and Housing Type Variations Affordability trends vary widely across neighbourhoods. Areas with higher demand, such as central Victoria, Oak Bay, and select Westshore pockets, often command premium pricing, while more peripheral or up‑and‑coming communities can offer relatively lower entry points. Housing type also matters: smaller condos and townhomes remain key pathways for many first‑time and move‑down buyers. Rental Market Influence Rental affordability also shapes overall housing dynamics. In markets with tight rental conditions, more households may seek to purchase, further influencing demand and pricing patterns. Conversely, balanced rental markets can provide a viable alternative for buyers who are priced out of home ownership in the short term. Policy and Incentives Government policies and incentives, including first‑time buyer programs, tax treatments, and development approvals play a role in shaping affordability. Local and provincial initiatives aimed at supporting buyers and encouraging diverse housing supply can influence market conditions over time. Looking Ahead Greater Victoria’s housing market continues to evolve. For buyers, understanding affordability in the context of price trends, interest rates, neighbourhood characteristics, and available inventory is essential. Sellers can benefit from insight into which housing segments are attracting interest and how affordability influences buyer behaviour. Working with a knowledgeable real estate professional can help you interpret these trends and apply them to your personal goals, whether you are entering the market for the first time, moving within the region, or planning ahead.   Justine D., 5-Star Review, via Google “We did not just gain a realtor, but a friend. If you are looking for a realtor you can TRUST, and will look out for YOUR interests— then Cal and Scott are IT!!! I would recommend them to anyone looking to buy a home on the Island. I should also mention that Cal negotiated an amazing price on the purchase of our home and made sure if something was not right when we took possession that it would be taken care of. Cal and Scott and realtors with integrity and kindness. ” 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.”

Choosing the right neighbourhood in Greater Victoria and the Westshore depends on your lifestyle, needs, and priorities. As realtors working across the region, we help buyers identify areas that fit their goals, whether they are growing families, busy professionals, or retirees seeking a peaceful lifestyle. Neighbourhoods Ideal for Families Families often look for safe streets, good schools, parks, and community amenities. Areas like Saanich, Oak Bay, Royal Oak, and Colwood are popular for families because of excellent schools, playgrounds, and recreational facilities. These communities provide opportunities for outdoor activities, from local parks to nearby trails, and a strong sense of community where neighbours know each other. Neighbourhoods Suited for Professionals Busy professionals often prioritize convenience, transit options, and proximity to work, dining, and entertainment. Downtown Victoria, James Bay, Fernwood, and Langford Town Centre are excellent choices. These areas offer easy access to offices, cafes, shops, and cultural events. Modern condos and townhomes provide low-maintenance living, freeing up time for careers and social life. Neighbourhoods Perfect for Retirees Retirees often seek quiet streets, walkability, and access to healthcare and recreational activities. Esquimalt, View Royal, Cadboro Bay, and Colwood are ideal for retirees. These areas provide scenic walks, community centres, and close proximity to medical services. Many properties are single-level homes or offer low-maintenance yards, which makes daily life easier. The Greater Victoria and Westshore Advantage Regardless of your stage in life, Greater Victoria and the Westshore offer diverse communities with unique benefits. Families enjoy space and schools, professionals benefit from convenience and lifestyle amenities, and retirees can embrace a relaxed pace with beautiful surroundings. The key is finding a neighbourhood that fits both your needs and your long-term goals. How We Can Help As realtors familiar with Greater Victoria and the Westshore, we guide buyers through neighbourhood comparisons, property options, and local amenities. Our goal is to help you find a home and a community where you feel comfortable, connected, and confident in your decision.   Ola A. 5-Star Review, via Google “We had a great experience working with Scott from Faber real estate group to purchase our new home. Scott was professional, knowledgeable, and responsive. He had an impressive expertise in the local market and always made us feel like a top priority. His negotiation skills were outstanding, and he took care of every detail, from arranging inspections to researching potential issues with the property. Throughout the process, Scott was patient, understanding, and went above and beyond to provide us with extra resources and options.” 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.”

Older homes have a character that is difficult to replicate in newer construction. From solid craftsmanship to unique architectural details, these properties offer a sense of warmth and individuality. With thoughtful renovation, homeowners can honour that charm while creating a space that reflects their personal style and modern lifestyle. Why Older Homes Have Enduring Appeal Many older homes were built with materials and techniques that stand the test of time. Features such as hardwood floors, detailed trim, plaster walls, and distinctive layouts contribute to a sense of history and personality. These elements give homeowners a strong foundation to build upon when renovating. Blending Character With Modern Comfort One of the greatest advantages of renovating an older home is the ability to combine classic features with modern updates. Opened sightlines, updated kitchens, improved insulation, and energy-efficient systems can be introduced without sacrificing the home’s original charm. The result is a space that feels both timeless and functional. Renovation as a Form of Personal Expression Renovating allows homeowners to tailor their space to suit their lifestyle and design preferences. Whether that means restoring original details, introducing contemporary finishes, or creating a balance of old and new, renovations offer an opportunity to make the home truly your own. Respecting the Home’s Original Features Successful renovations often start with identifying which elements should be preserved. Original woodwork, fireplaces, and architectural details can serve as focal points. Highlighting these features adds authenticity and helps maintain the home’s character while supporting thoughtful design choices elsewhere. Planning for Practical Upgrades Beyond aesthetics, older homes often benefit from essential updates. Electrical systems, plumbing, roofing, and heating may need attention to meet modern standards. Addressing these improvements early ensures the home is safe, efficient, and comfortable for years to come. Balancing Budget and Vision Renovations can be staged over time, allowing homeowners to prioritize projects based on budget and lifestyle needs. A clear renovation plan helps balance creative vision with practical considerations and avoids costly surprises. Why Renovated Older Homes Remain Highly Desirable Homes that successfully blend original charm with modern updates often appeal strongly to buyers. Renovated older homes offer uniqueness, established neighbourhoods, and thoughtful design that can stand out in the market. Embracing the Process Renovating an older home is as much a journey as it is an investment. With the right planning and professional guidance, it can be a rewarding way to create a space that reflects your style while honouring the past.   Rose, 5-Star Review, via Google “Terrific team. Cal and Vanessa were knowledgeable, patient, and listened to what our needs and concerns were. Vanessa was a ray of sunshine in an often grey winter house hunt.” 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 continues to attract strong interest from real estate investors looking for long-term growth within Greater Victoria. With ongoing development, expanding amenities, and relatively better affordability compared to the core, the Westshore remains a strategic choice for both local and out-of-area investors. Why the Westshore Investors are drawn to the Westshore for its steady population growth, improving infrastructure, and consistent rental demand. The area offers opportunities that are increasingly limited in central Victoria, making it appealing for those focused on long-term value rather than short-term gains. Langford Langford remains a top choice for investors due to its rapid growth and strong demand for rental housing. Townhomes, condos, and newer single-family homes are especially attractive, offering modern layouts and lower maintenance costs. Colwood Colwood is gaining attention for its balance of established neighbourhoods and future growth potential. Properties with secondary suites and homes near transit routes are particularly appealing to investors seeking flexible income options. View Royal View Royal stands out for its central location and limited inventory. Investors often focus on properties with suite potential, benefiting from strong demand and long-term appreciation tied to its proximity to both the Westshore and downtown Victoria. What Investors Are Buying Across the Westshore, investors are prioritizing properties with flexibility, including homes with secondary suites, townhomes, and well-managed condos. Energy efficiency, functional layouts, and proximity to amenities continue to influence investment decisions. Final Thoughts The Westshore remains a key area for real estate investment in Greater Victoria. With strong demand and long-term growth drivers, Langford, Colwood, and View Royal each offer unique opportunities depending on investment goals and timelines. Justin V., 5-Star Review, via Google “Scott and Cal were absolutely phenomenal! From the moment we met them, we knew we were in good hands. Their in-depth knowledge of the Victoria market was impressive, and they guided us through the entire home selling and buying process with expertise and patience. They were always available to answer our questions, and their negotiation skills were top-notch. Thanks to their hard work, we found our dream home! We highly recommend The Faber Group to anyone looking to buy or sell a property. ” 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.”

January can be an advantageous time for buyers in Victoria. The market often slows slightly after the holiday season, meaning there may be fewer competing offers. This can give buyers more negotiating power, especially on homes that have been on the market for several months. Inventory can be limited in some segments, but serious sellers who list in January are often motivated to move quickly, which can create opportunities for savvy buyers. Selling in January can also work, but it has pros and cons. On the positive side, homes listed early in the year can capture buyers who are ready to move quickly and want to start the year settled. There is less competition from other sellers compared to spring and summer, which can help your home stand out. On the downside, buyer traffic can be slower due to winter weather and holiday recovery, so timing and pricing strategy are important. Seasonal Considerations in Victoria Victoria’s coastal climate is milder than much of Canada, so winter weather is generally less of a barrier for showings and open houses. That said, shorter daylight hours and rainy days can impact curb appeal, so ensuring your home is well-lit and presentable is crucial. Key Takeaway January can be a strategic month for both buyers and sellers in Victoria, especially when working with a knowledgeable real estate professional who understands local market trends. Buyers may find less competition and motivated sellers, while sellers who price correctly can attract serious buyers even in the slower winter season. Debbie N., 5-Star Review, via Google “From start to finish, Scott and Cal were amazing to work with. I hadn't moved in nearly 22 years and going from a house to a condo was a very difficult decision, but they were amazingly patient and responsive to my needs. This team doesn't just say that they care, they actually do. I couldn't have done this without them. I would recommend them to anyone. You will be in the best hands. Thank you Faber Group!!!. ” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”