Buyer Resorces

Today’s lending environment is more complex than it was a few years ago. Interest rates are higher than historic lows, and lenders are placing greater emphasis on affordability and borrower stability. For first time buyers, preparation is key. Interest Rates and Affordability Rates continue to influence buying power. Even small rate changes can affect monthly payments, so it is important to understand what you can comfortably afford rather than focusing only on the maximum approval amount. Mortgage Qualification Lenders assess credit score, income stability, debt levels, and employment history. Strong credit and manageable debt can improve both approval odds and interest rates. Down Payment and Costs Most first-time buyers need a minimum down payment, along with funds for closing costs. Planning ahead helps avoid last-minute financial stress. The Mortgage Stress Test Buyers must qualify at a higher rate than their actual mortgage rate. This reduces borrowing power but helps ensure long-term affordability. Fixed vs Variable Rates Fixed rates offer payment certainty, while variable rates can fluctuate over time. Choosing the right option depends on comfort with risk and financial flexibility. Pre-Approval Matters A mortgage pre-approval clarifies your budget and strengthens your offer when you find the right home. Final Thoughts Understanding today’s lending environment helps first time buyers move forward with confidence. With the right preparation and professional guidance, navigating the mortgage process becomes far more manageable.   Kerry Parsons, 5-Star Review, via Google “FABER stands for fabulous! Scott and Cal went above and beyond expectations to help us. Unfailingly competent, available, reliable and trustworthy. We were promised that they would find us a home and, in a difficult market with challenging constraints, they delivered what they promised. From start to finish they were with us all the way. These guys set a high bar for the industry. We are grateful and happy to recommend their brand of service to you.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”

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

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

The Westshore remains one of Greater Victoria’s fastest-growing regions and continues to attract buyers who want space, convenience, and strong long-term value. With several new projects planned for 2026, understanding what is coming can help buyers make confident and well-timed decisions. More Housing Options for Different Lifestyles Municipalities across the Westshore, such as Langford, Colwood, and the Highlands, are approving a wide mix of housing. Buyers can expect new rental buildings, mid-rise condos, townhomes, and family-focused subdivisions. This variety gives buyers more choice at different price points and helps match homes to specific lifestyle needs. Pre Sale Opportunities Require Good Timing Many developers expect to release new pre sale opportunities in 2026. Buying pre construction can offer earlier pricing and the chance to customize layouts or finishes. It also requires patience and a clear understanding of deposits, financing conditions, and delivery timelines. Working with a Realtor who understands pre construction contracts helps buyers protect their interests and secure the most suitable unit. Infrastructure Growth Will Shape Daily Life New roads, parks, schools, transit improvements, and utilities are being built in step with residential expansion. These investments improve quality of life and can support long-term property value. Buyers should also be aware that active construction may mean temporary traffic changes or noise depending on the location. Pricing and Market Competition Will Vary New projects often influence pricing in surrounding neighbourhoods. While additional inventory can ease pressure on resale prices, highly desirable developments may still sell quickly. Buyers benefit from mortgage pre approval and a clear understanding of priorities so they can move forward with confidence when the right opportunity appears. Strong Potential for Investors The Westshore continues to attract renters, and several new developments are expected to include purpose-built rental units. Buyers who are exploring investment properties should review strata rules, projected rental rates, and tenant demand within each neighbourhood to assess long-term potential. Modern Design and Sustainability Trends Upcoming developments are expected to include more energy-efficient construction, smart home features, shared amenities, and walkable community design. These trends reflect shifting buyer preferences and can boost long-term resale value. Tips for Buyers Planning Ahead Get mortgage pre approval early so you can act quickly when opportunities appear. Work with a Realtor who specializes in the Westshore to access early project information. Understand developer timelines to avoid surprises. Consider how nearby future growth may influence long-term resale value.   Florenda S., 5-Star Review, via Google “We worked with Cal & Scott selling our home recently. The effort they put into the sale was amazing with the photo virtual walk through set, the video, the night shots and open houses. Our house sold very quickly even in a slowdown in the market.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”

Think Beyond Today When buying a home, it is easy to focus on what fits your life right now. However, considering resale value from the start can make a meaningful difference in the long run. Even if you plan to stay in your home for many years, market conditions and personal circumstances can change. Purchasing with resale in mind helps protect your investment and keeps future options open. Location Still Leads Every Decision Location remains one of the most important factors in resale value. Buyers consistently prioritize neighbourhoods with strong amenities, good schools, access to transit, and proximity to daily conveniences. Quiet streets, walkable areas, and well established communities tend to attract broader buyer interest when it comes time to sell. Choosing a location that appeals to a wide range of buyers can help reduce risk and support long term value. Layout and Function Matter A functional layout often matters more than overall size. Homes with practical floor plans, comfortable living spaces, and flexible rooms appeal to more buyers. Features such as open living areas, adequate storage, and the ability to adapt rooms for different uses can enhance resale appeal. Avoid highly specialized layouts that may limit a future buyer’s vision. Flexibility is key. Condition Over Customization Well maintained homes generally perform better than those with heavy personalization. Neutral finishes, timeless materials, and quality workmanship tend to stand the test of time. While personal style is important, overly customized design choices can narrow the pool of future buyers. Regular maintenance and thoughtful updates often provide a stronger return than major renovations driven by trends. Understanding Market Preferences Local market preferences play a significant role in resale value. Factors such as parking, outdoor space, energy efficiency, and storage consistently matter to buyers in Greater Victoria. Understanding what is commonly valued in your specific area can help guide smarter purchase decisions. A Long Term Perspective Buying with resale in mind does not mean sacrificing lifestyle. It means choosing a home that balances personal needs with broad market appeal. When these elements align, homeowners are better positioned for a successful sale whenever they decide to move on, regardless of market conditions. Andy Moore, 5-Star Review, via Google “Thank you so much to Faber group for their amazing customer service. Cal and Scott were there for us every step of the way and we couldn’t be more pleased with our sale and purchase.” 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.”

Steady Population Growth Driving Demand The Westshore continues to benefit from steady population growth, which is supporting long-term demand for housing. Communities such as Langford, Colwood, and View Royal are attracting residents from across Greater Victoria as well as buyers relocating from other parts of the province. This consistent growth has helped create a stable foundation for real estate investment. Investors are increasingly focused on areas where employment, schools, and amenities are expanding together. The Westshore checks many of these boxes, making it an appealing choice for those looking to invest with a long term outlook. Strong Demand for Rental Properties Rental demand in the Westshore remains strong, particularly for condos, townhomes, and secondary suites. Many tenants are drawn to newer housing options, reasonable rents compared to central Victoria, and access to transit and major employment routes. Investors are paying close attention to layouts that appeal to renters, such as two-bedroom units, functional floor plans, and properties with parking. Homes that are move in ready and well located continue to perform best in the rental market. New Development and Infrastructure Investment Ongoing development plays a key role in shaping investment trends. Continued investment in transportation improvements, commercial centers, and recreational amenities has increased the overall desirability of the Westshore. As these projects are completed, surrounding neighbourhoods often see increased interest and stronger resale potential. Investors who focus on areas near growing amenities tend to benefit from both rental stability and appreciation over time. Condos and Townhomes Leading the Market Condos and townhomes remain popular investment choices in the Westshore due to lower entry prices and broad tenant appeal. These property types often offer more predictable maintenance and easier management compared to detached homes. Newer buildings with strong strata management are attracting investors who value long-term reliability and clear operating costs. A Long-Term Investment Perspective The most successful Westshore investors tend to take a long term approach. Rather than aiming for short term gains, they focus on consistent rental income, gradual appreciation, and growing demand driven by population and infrastructure growth. With its combination of value, growth, and livability, the Westshore continues to stand out as a compelling area for real estate investment within Greater Victoria. Annie Rodgers, 5-Star Review, via Google “Vanessa Wood is the best realtor I've ever worked with. We had an excellent accepted offer within 11 days of listing! Vanessa is a great communicator and salesperson, organized and very hard working. She's also warm and was incredibly helpful as I was selling the house in Victoria while living on the Sunshine Coast. She and the Faber Group team went the extra mile on more than one occasion! I highly recommend Vanessa and her 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 “Building Lasting Relationships, One Home at a Time.”

After a period of uncertainty, improved interest rate stability is bringing renewed confidence to the Greater Victoria real estate market. Many buyers who had paused their plans are now re-entering the market, particularly in the entry-level and mid-range price points. This renewed activity is helping create a healthier balance between buyers and sellers after a quieter stretch. With rates holding steadier, buyers are better able to plan their finances and understand what they can comfortably afford. More predictable borrowing costs allow purchasers to focus on long-term goals rather than short-term fluctuations. We are seeing increased activity in areas such as the Westshore, Saanich West, and Esquimalt, where value, lifestyle, and commuting options continue to align well for a wide range of buyers. Although current interest rates remain higher than the historic lows of recent years, buyer expectations have begun to adjust. Many are recognizing that waiting for the perfect market conditions may mean missing out on the right home. Instead, buyers are prioritizing finding a property that fits their needs today, with the understanding that refinancing options may become available in the future. This shift in mindset has resulted in more thoughtful and strategic offers that balance price, conditions, and flexibility. We are also seeing buyers approach the process with greater preparation. Preapprovals, realistic budgeting, and clear must-have lists are helping them move confidently when the right opportunity arises. This has led to stronger competition for well priced and well-presented homes, even as overall inventory improves. For sellers, increasing buyer confidence means that homes priced appropriately for current market conditions are seeing solid interest. Properties that are well prepared, professionally marketed, and aligned with buyer expectations continue to perform best. Presentation, pricing, and timing remain critical, and sellers who focus on these fundamentals are well-positioned for a successful sale in today’s Greater Victoria market. Shannon Rehsler, 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.” 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.”

When buying a home in Greater Victoria, it is easy to focus on the mortgage payment and overlook additional ownership costs. Two of the most important expenses to understand are property taxes and, for condos or townhomes, strata fees. Knowing how these costs work helps buyers budget accurately and avoid surprises after possession. Property Taxes Explained Property taxes are annual fees paid to municipalities and school districts based on the assessed value of a property. In Greater Victoria, these taxes support essential services such as schools, road maintenance, parks, and emergency services. Tax amounts vary depending on location, property type, and assessed value. For example, homes in areas like Oak Bay or Cadboro Bay often carry higher property taxes than those in Langford or Colwood, largely due to differences in assessed values and municipal budgets. Many homeowners choose to pay property taxes through automatic payments or include them with their mortgage to simplify budgeting. Understanding expected taxes upfront helps ensure homeownership costs remain manageable. Understanding Strata Fees Buyers considering a condo or townhome will also need to factor in monthly strata fees. These fees contribute to shared expenses within the building or community and typically include: Maintenance of common areas Building insurance Contributions to the reserve fund for future repairs Utilities in some cases Strata fees vary widely. Buildings with amenities such as gyms, elevators, or rooftop spaces often have higher fees. Older buildings may have lower monthly fees but can face larger repair projects over time. Buyers should also be aware of special assessments, which are one time charges for major or unexpected repairs. Reviewing the strata minutes and depreciation report before purchasing provides valuable insight into the building’s financial health. Budgeting for the Full Cost of Ownership Property taxes and strata fees play a significant role in overall affordability. Detached homes typically carry higher property taxes but no strata fees. Condos and townhomes may offer lower purchase prices, but monthly strata fees can meaningfully impact long term costs. We always encourage buyers to look beyond the mortgage payment and consider total monthly and annual expenses when comparing properties. Final Thoughts Understanding property taxes and strata fees is essential when buying a home in Greater Victoria. These costs are part of responsible homeownership and support well maintained communities and shared services. With the right guidance and preparation, buyers can make confident decisions and choose a home that fits both their lifestyle and long term budget.   Lou N., 5-Star Review, via Google “Scott is a knowledgeable, professional, dedicated and thorough expert in his field. Excellent at what he does and we couldn't have found a better realtor to guide us through one of the most important decisions in our lives.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”

Buying a home in a rapidly growing community can offer long term opportunity, but it is important to look beyond early excitement. Growth can bring improved amenities and future value when it is supported by smart planning and strong demand. Infrastructure and Planning Well managed growth starts with infrastructure. Roads, utilities, schools, and healthcare services should be expanding alongside new housing. Communities with clear long term plans tend to remain functional and desirable as they grow. Schools and Amenities Access to schools, parks, recreation, and everyday services plays a major role in livability and resale value. Areas that invest in community amenities early often maintain stronger long term demand. Housing Mix and Neighbourhood Design A healthy mix of housing types helps create balanced neighbourhoods. Walkability, green space, and proximity to amenities all contribute to how a community feels over time, not just at the point of purchase. Long Term Value and Resale Growth alone does not guarantee appreciation. Value is supported by employment access, transportation options, and lifestyle appeal. Buyers should consider whether the area will continue to attract future purchasers once development slows. Commuting and Connectivity Traffic patterns and transit options can change quickly in growth areas. Understanding both current and future transportation plans helps avoid long term inconvenience and supports daily quality of life. Lifestyle Fit Growth brings change. Choosing a community that aligns with long term lifestyle goals helps ensure satisfaction well beyond the first few years of ownership. 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.”

Langford has grown into one of Greater Victoria’s most dynamic communities. With strong schools, expanding amenities, improved transportation, and thoughtful planning, it continues to attract families, professionals, and long term homeowners looking for a balanced lifestyle. Schools in Langford Langford offers a wide range of educational options for families. Public schools fall within the Sooke School District, which includes several well regarded elementary, middle, and secondary schools. There are also independent and private school options nearby, offering additional choices for families with specific learning priorities. As the city grows, new schools and facility upgrades continue to be part of long term planning. This focus on education has helped make Langford a practical and appealing choice for growing households. Amenities and Daily Convenience One of Langford’s strongest draws is the convenience it offers. Residents have access to a wide variety of shopping, dining, recreation, and essential services without needing to travel far. Major retailers, grocery stores, fitness centres, medical services, and local businesses are all within easy reach. Langford is also home to excellent recreational amenities such as Westhills Stadium, YMCA facilities, parks, lakes, and extensive trail networks. These features support an active lifestyle and create strong community engagement year round. Future Development and Growth Langford is one of the fastest growing municipalities in British Columbia, and development remains a major focus. New residential communities, mixed use projects, and infrastructure improvements are carefully planned to accommodate growth while maintaining livability. Future development includes expanded commercial spaces, improved transportation corridors, community facilities, and higher density housing near urban centres. This approach supports sustainability and helps ensure Langford remains functional and vibrant as it evolves. Long Term Livability Langford offers a combination of affordability, accessibility, and opportunity that supports long term livability. The city appeals to first time buyers, move up purchasers, and investors alike due to its continued growth, strong rental demand, and improving infrastructure. With access to nature, modern amenities, and ongoing investment in community planning, Langford continues to mature into a well rounded city that supports residents at every stage of life. For those considering a move within Greater Victoria, Langford remains a compelling option with long term value and lifestyle appeal. Cindy H., 5-Star Review, via Google “The Faber team go above and beyond! Scott is wonderful to deal with and has a great attitude. I definitely recommend. ” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”