Buyer Resorces

Colwood is one of the fastest growing and most sought after communities in the Westshore. It combines relaxed coastal living with established neighbourhoods, modern development, and beautiful natural surroundings. For families, professionals, and retirees, Colwood offers a lifestyle that feels balanced, welcoming, and connected.   A Coastal Community With Everyday Convenience Colwood offers the best of both worlds. It is close to major routes and neighbouring Langford, making commutes simple, errands efficient, and daily life easy to navigate. At the same time, the community maintains a calm and comfortable atmosphere that feels removed from the busier urban pace.   Family Friendly Neighbourhoods With Room to Grow Families love Colwood for its parks, schools, and walkable streets. The area is filled with green spaces and community programs that create a warm, neighbourly feel. From playgrounds to sports fields to well connected residential areas, Colwood supports busy family life with comfort and convenience.   Stunning Natural Beauty and Outdoor Recreation Nature is at the heart of Colwood’s lifestyle. Residents enjoy Esquimalt Lagoon, the oceanfront bird sanctuary, Hatley Castle grounds, and peaceful forest trails. Long beach walks, sunset views, and easy access to outdoor recreation make Colwood an ideal place for anyone who values time outside.   Modern Growth in Royal Bay Royal Bay is shaping the future of Colwood with new homes, seaside dining, walkable streets, and a lively village style atmosphere. It appeals to professionals, young families, and downsizers who want modern living near the ocean. This new community continues to add amenities that enhance Colwood’s overall appeal.   A Comfortable Choice for Retirees Retirees appreciate Colwood’s slower pace, natural setting, and easy access to everyday essentials. With condos, townhomes, and single family options, there is a comfortable home style for every preference and stage of life.   A Strong and Stable Real Estate Market Colwood continues to attract buyers who want long term value and steady growth. Its blend of established neighbourhoods, modern development, and ongoing investment supports a strong and reliable real estate market. With natural beauty, thoughtful planning, and a warm community feel, it offers a lifestyle that appeals to many. If you are considering a move to the Westshore, we would be happy to help you explore the areas that best match your needs and goals.   Darcie Reid, 5-Star Review, via Google “ We had the best experience with Scott and the Faber Group team helping us buy our first house! From start to finish it was a positive experience, & Scott went the extra mile every chance he could. Based on our search parameters, we didn’t even come across this house, but using his expertise, he was able to find us our dream home that matched all of our criteria! We are so beyond happy and would absolutely recommend reaching out to Scott if you are looking to buy an amazing home.”   Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”

The Westshore is one of the most dynamic and diverse regions in Greater Victoria. Each community offers something unique, from family friendly streets to quiet natural escapes to vibrant areas close to shops and recreation. As local real estate professionals, we have seen how the right neighbourhood can truly enhance a buyer's lifestyle. Here are some of the top Westshore areas to consider based on what matters most to you. For Families Seeking Space and Community: Langford and ColwoodFamilies often gravitate to Langford and Colwood because these communities blend convenience, value, and outdoor access. Langford offers newer homes, well planned subdivisions, and many parks and recreation centres. Colwood provides a quieter atmosphere with established streets, ocean views, and easy access to schools and beaches. Both areas continue to grow while maintaining a strong sense of community. For Professionals Seeking Convenience and Modern Living: Westhills and Royal BayProfessionals appreciate neighbourhoods that offer quick access to amenities and an easy commute. Westhills in Langford is known for its modern homes, walkability to shopping and recreation, and connectivity to transit routes. Royal Bay in Colwood continues to evolve into a coastal village with new dining options, green spaces, and a fresh seaside feel. Both neighbourhoods offer a balanced lifestyle that supports busy schedules. For Retirees Seeking Nature and Peace: Metchosin and HighlandsThose looking for privacy, natural beauty, and a slower pace often fall in love with Metchosin and the Highlands. Metchosin charms with rural acreage, oceanfront trails, and a warm village atmosphere. The Highlands appeals to those who want a forested retreat with easy access to Gowlland Tod Provincial Park and nearby amenities. These areas offer a peaceful environment while remaining close to the conveniences of the Westshore. For Buyers Seeking Value: Langford Lake and Happy ValleyLangford Lake and Happy Valley offer attractive price points without sacrificing lifestyle benefits. Langford Lake provides waterfront access, trails, and a relaxed lakeside vibe. Happy Valley features family oriented neighbourhoods and a mix of newer homes with scenic surroundings. Both areas give buyers excellent value and strong long term potential. For Active Lifestyles: Bear MountainBuyers who love recreation often choose Bear Mountain. With golf courses, tennis facilities, hiking trails, and resort style amenities, it is ideal for those who want an active everyday lifestyle. The community also offers a mix of condos, townhomes, and luxury residences that appeal to many types of buyers. The Westshore truly offers a neighbourhood for every lifestyle. Whether you are starting a family, planning retirement, or looking for a fresh place to call home, we would be happy to help you explore the area and find the community that feels like the right fit. Grace C., 5-Star Review, via Google “Zach is very pleasant and professional at all times. He's great to work with. He helped us find a great home for our family. Thank 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.”

When you’re selling a luxury home, it’s not enough to simply list it, you need a marketing strategy that reflects the property’s true value. At Faber Real Estate Group, we elevate every listing with bespoke marketing, strategic positioning, and white-glove service designed to connect premium properties with discerning buyers. From cinematic visuals and curated campaigns to top-tier negotiation and concierge-level care, our comprehensive approach ensures that your home not only stands out, but achieves its maximum potential Premium Marketing That Matches the Property Luxury listings demand luxury exposure. We invest in elevated marketing including professional cinematography, curated lifestyle photography, targeted digital campaigns, and premium print to ensure your home stands out and reaches the right buyers locally and internationally. Proven Success in the Upper Tier Market Our team has a consistent track record of selling higher value homes across Greater Victoria. We understand the expectations, buying motivations, and negotiation styles unique to this segment and we position your property for maximum return. Strategic Pricing and Positioning for Maximum Results High-end listings require a nuanced approach. We combine deep market insight, data-driven pricing, and tailored launch strategies to create competition and achieve the strongest possible outcome. Discreet Concierge Level Service Sellers at this level value privacy and precision. We manage every detail from staging to contractor coordination to off-market opportunities and deliver a seamless white-glove experience from start to finish. Exceptional Negotiation Skills Higher price-point transactions attract sophisticated buyers. Our experienced team knows how to advocate strategically, navigate complex offer scenarios, and negotiate to protect and maximize your equity. A Full Team Working for You With Faber Real Estate Group you are backed by a team of specialists in marketing, administration, buyer representation, and listing expertise who work collaboratively to give your property unmatched exposure and attention. Elevated Brand Reputation and Trust In the high-end market, reputation matters. Sellers choose us because we bring professionalism, integrity, and a results-driven approach that consistently delivers. We value the trust clients place in us during such an important transition. If you choose to work with us, we will be right there with you every step of the way, making the process feel clear, supported, and well cared for. When you are ready to explore your next steps, our team is here to guide you with clarity, care, and expertise.   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.”

Broadmead is one of those neighbourhoods in Saanich that reveals itself slowly. It isn’t flashy, and it doesn’t rely on trendy developments. Instead, it offers something harder to replicate: privacy, natural beauty, and a sense of calm that makes everyday life feel a little easier. As local realtors, we often describe Broadmead as the sweet spot between convenience and serenity. If you want proximity to shopping, schools, and services without the feeling of living “in the city,” this is where many buyers end up.   A Community Built Around Nature Unlike many newer subdivisions, Broadmead was designed to preserve its natural environment. Homes are nestled among Garry oaks, arbutus trees, rocky outcrops, and walking paths. Instead of manicured uniformity, the area feels organic, like a neighbourhood that grew out of the land. Buyers are often surprised by how quiet it is. Even on larger streets, there is a softness: muted traffic, birdsong, and the rustling of trees. For anyone coming from denser urban living, it feels like an exhale.   Homes with Space and Character Broadmead’s housing stock tends to include larger lots and well-built residences from the 1980s and 1990s. Many retain their original hardwood floors, vaulted ceilings, skylights, and generous floorplans. Updates vary - some owners have renovated kitchens or bathrooms, while others have preserved the style that suits the architecture. The result is variety without chaos. You won’t find rows of identical houses, nor extreme mismatches. Broadmead’s development guidelines have helped maintain a cohesive aesthetic, and that consistency supports long-term property values.   Convenience Without the Noise One of Broadmead’s biggest advantages is its location. Residents enjoy quick access to Royal Oak, Elk and Beaver Lake, the Lochside Trail, and several community parks. Groceries, dining, and medical services are minutes away, yet you won’t feel like you’re living beside a commercial zone. Families appreciate the nearby schools and recreation centres. Professionals value the short commute to downtown Victoria or the airport. And retirees enjoy quiet streets, walkable green space, and homes designed with livability in mind.   Who Broadmead Appeals To Broadmead tends to attract buyers who want lifestyle stability rather than constant movement. These include: Professionals seeking privacy and a quieter home base Families wanting more outdoor space without rural isolation Retirees looking for a well-maintained community close to amenities Homeowners ready to trade “new and trendy” for timeless and established If you picture yourself sipping coffee on a quiet deck, surrounded by native trees instead of traffic noise, Broadmead will feel like home. Our Realtor Perspective We’ve worked with many clients who initially overlook Broadmead in favour of areas with more immediate flash. After a few tours, they begin to see the appeal. There is a grounded quality here, an easy rhythm of life that doesn’t require explanation. You walk the neighbourhood, you feel how it functions, and you understand why properties rarely stay on the market long. Broadmead isn’t about impressing visitors. It’s about taking care of the people who live there. If you’d like help understanding Broadmead’s market, recent sales, or which properties tend to hold value over time, we’re here to guide you.   Lorraine Pelser, 5-Star Review, via Google “I would not dream of ever using a realtor other than Cal. Apart from the fact that he is was exceptionally knowledgable and resourceful, he was also honest, truthful and always acted in my best interest while at the same time treating all parties with dignity and respect.” 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 buyers explore Greater Victoria real estate, one of the first comparisons they make is value per square foot. It becomes clear that the Westshore consistently offers more space for the price. Communities like Langford, Colwood, View Royal, and Highlands continue to attract families, professionals, and investors who want modern amenities without sacrificing room to grow. More Land and Newer Builds Westshore neighbourhoods benefit from newer planning and development. Homes often sit on wider lots and feature larger floor plans designed for contemporary living. Many builders prioritize open concept layouts, functional kitchens, and multi purpose rooms. The result is a home that feels spacious and adaptable at a price point that can be more attainable than central Victoria or Saanich. Expanding Infrastructure and Amenities Quality of life is a major reason value per square foot stays strong in Westshore. Westshore parks, schools, recreation centres, trails, and shopping hubs continue to expand. The region’s growth supports local businesses and makes daily life more convenient. Amenities such as Royal Roads University, the Galloping Goose, Langford Lake, and sports facilities make it easy for residents to enjoy the community without a long commute. Lifestyle Benefits with Room to Breathe Many buyers are looking for more than just a home. They want a lifestyle that supports family activities, work from home flexibility, and outdoor recreation. Westshore delivers all of these with more space inside and outside. A larger yard, an extra bedroom, or a designated office provide long term comfort and better resale appeal as these needs become more common. Investment Potential The value per square foot seen in Westshore is not only beneficial at purchase. It also offers long term opportunity. Continued population growth and the addition of new amenities can strengthen market demand. As more buyers expand beyond Victoria’s core, well located Westshore homes often see steady appreciation while still giving more space for the money spent. Is Westshore the Right Move for You If you are looking for more room, newer construction, and a strong community feel, Westshore is worth exploring. Understanding value per square foot helps buyers look beyond sale price and see the lifestyle and long term benefits that come with their investment. Maryann G., 5-Star Review, via Google “We recently sold our home through the Faber Real Estate Group. We received excellent service as we navigated our way through the sale of the house. I would recommend Cal as the realtor for your sale as they are so professional and gave good advice leading to a quick sale.” 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.”

Choosing where to live in Greater Victoria is about more than just the house; it’s about lifestyle, convenience, and community. Areas like Langford, View Royal, and Sooke have grown in popularity for good reason. They offer a unique combination of space, lifestyle, and value that can be hard to find in the city core. More Space for the Money One of the biggest advantages of suburban living is the amount of space you can get for your budget. Homes in Langford, View Royal, and Sooke often come with larger lots, multiple bedrooms, and garages. Whether you are looking for room for a growing family, a backyard for pets, or extra storage, suburbs provide options that are harder to find in downtown Victoria. Modern Homes and New Developments Suburban communities often feature newer construction, townhomes, and family-friendly developments. Many properties come with modern layouts, updated appliances, and energy-efficient features. This is especially appealing for buyers who want to avoid costly renovations or enjoy contemporary finishes from day one. Access to Nature and Outdoor Activities Living in these areas puts you closer to some of the region’s most beautiful natural spaces. Sooke offers beaches, hiking trails, and parks. Langford and View Royal have local parks, walking paths, and convenient access to cycling routes. If your lifestyle includes outdoor recreation, suburban living can make it easier to enjoy it every day. Strong Community Feel Suburban neighbourhoods often foster a tight-knit sense of community. Local schools, community centres, and family-friendly events help residents feel connected. Whether it’s participating in a farmers’ market, attending a local festival, or simply meeting neighbours at the park, these areas offer a welcoming environment that is ideal for families and newcomers alike. Convenient Amenities and Growing Services While suburban living offers more space, it doesn’t mean sacrificing convenience. Langford, View Royal, and Sooke have shopping centres, restaurants, gyms, and essential services within easy reach. Many areas are expanding rapidly, bringing in new stores, medical facilities, and recreational options, making day-to-day life easier for residents. The Bottom Line Suburban communities like Langford, View Royal, and Sooke offer a balance of space, lifestyle, and convenience that appeals to a wide range of buyers. Whether you are a young family, a professional looking for more room, or someone seeking a quieter lifestyle without giving up amenities, these areas provide options that combine value and quality of life. As realtors in Greater Victoria, we help buyers explore these suburban markets, compare properties, and find the right fit for their needs. For many, the suburbs provide not just a home but a lifestyle that supports both family life and personal freedom.   Marieke de Jongh , 5-Star Review, via Google “We had a fantastic experience with Cal and Scott. From the first meeting via Zoom until the moment we received the keys to our new home. They are very kind and warm people, and made us feel at home and welcome right away. Scott is very knowledgeable, easy to work with, professional, honest and quick to respond to questions. We felt in good hands and comfortable having him at our side in our buying process. When looking for a great realtor in the Victoria area, I would highly recommend Cal and Scott from 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 “Building Lasting Relationships, One Home at a Time.”

We’ve been in the Greater Victoria market long enough to see buyers make all kinds of decisions - some strategic, some emotional, and some regrettable. When the market was red-hot a few years ago, people waived everything: financing, inspections, and even reviewing strata documents. For some, it worked out. For others, it was the costliest gamble of their lives. Today the market is more balanced, but the question still comes up: should you get a mortgage pre-approval and a home inspection, or skip them to look more competitive? The short answer is that skipping them rarely makes sense and seldom pays off long-term. Pre-Approval: Clarity, Confidence, and Negotiating Power A pre-approval is not just a bank saying, “You’re good for X amount.” It’s the groundwork for a successful purchase. It tells you exactly what you can afford and gives sellers confidence that you’re serious. In a balanced market like Victoria’s 2025 landscape, a buyer without a pre-approval is simply not competitive. Offers with financing uncertainty tend to fall to the bottom of the list. We’ve seen deals fall apart because a buyer assumed their numbers would work out, only to find out a lender wouldn’t approve the condo’s age, strata bylaws, or the debt-to-income ratio. By then, the seller had wasted a week, other buyers had moved on, and everyone was left disappointed. A proper pre-approval also protects buyers from emotional bidding. In neighbourhoods like Saanich or Fernwood, where homes are desirable and pricing feels manageable, it’s easy to chase a property higher than intended. A lender-verified budget anchors decisions. Home Inspections: The Hidden Cost of Skipping Due Diligence Home inspections can feel like a speed bump when you’re excited about a listing, especially if the seller hints that “other buyers are coming in clean.” That’s when mistakes happen. Victoria has an older housing stock: character homes, mid-century builds, 1980s condos, and homes renovated across several decades. Problems rarely show themselves during a 20-minute showing. We’ve had clients who waived inspections and later discovered issues like poly-B plumbing, improperly vented bathrooms, hidden water damage behind drywall, or foundations that shift seasonally on rock bed. One buyer saved a few hundred dollars by skipping an inspection and then paid tens of thousands after possession. An inspection is not there to scare you or give you bargaining leverage. It’s decision-making insurance. It shows what’s urgent, what’s routine maintenance, and what’s predictable down the road. In Victoria’s climate - wet winters, salt air near the coast, and our love for older homes - understanding the condition of the property is essential. Does Skipping Conditions Actually Make You More Competitive? The myth is that a “clean” offer automatically beats every conditional offer. That was sometimes true in bidding-war days between 2021 and mid-2022. It is less true today. Strong sellers tend to choose strong buyers. They want certainty and professionalism, not last-minute chaos. A clean offer without pre-approval is a risk for them. A clean offer without an inspection is a liability for you. What Moves Offers Forward Today: Solid deposits Clear pre-approval documentation Realistic possession dates Respectful negotiation Those elements build trust. Skipping due diligence does the opposite. The Victoria Difference Every local market behaves differently, and Victoria is a unique one. Inventory is balanced, but quality homes still draw attention. Sellers know they will attract multiple showings, and most understand that serious buyers will want conditions. The right offer today is the one that shows competency, not recklessness. When we sit across from a seller reviewing offers, the ones that stand out are prepared, cleanly structured, and backed by a qualified lender, not the ones that gamble. Final Thoughts If you truly love a home, protect the purchase. Get pre-approved so you know what you can safely pay. Get an inspection so you understand what you’re taking responsibility for. Competitive offers are not made by cutting corners; they’re made by showing that you are a buyer who will close calmly and professionally.   Tatiana Small, 5-Star Review, via Google “Absolutely phenomenal service from start to finish! Scott took the time to really get to know us and understand our likes and dislikes, what were dealbreakers and what really sold us in finding our perfect first home! Being first time homebuyers, he was extremely patient with all of our questions and very thorough when it came down to the finer details. Without a doubt, I would recommend him to everyone!”   Faber Real Estate GroupRoyal 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.”

Choosing between a brand new home and an established property is one of the biggest decisions buyers face in the Westshore. With communities like Langford, Colwood, View Royal, and the Highlands evolving quickly, both options come with unique benefits. As local real estate professionals, we often help clients explore which type of home truly fits their lifestyle and long term goals. The Appeal of New Homes New builds in Westshore neighborhoods offer contemporary design, energy efficient technology, and modern layouts. Open concept living areas, larger primary suites, and functional kitchens are now standard. These homes usually include updated heating systems such as heat pumps and smart home features that help reduce monthly utility costs. Warranty coverage is another major advantage. Buyers typically receive protection through BC’s New Home Warranty program, which covers materials, labor, and structural elements for several years. For many homeowners, this brings peace of mind and less worry about unexpected repairs. New developments also come with planned community features. Westhills, Royal Bay, and Bear Mountain often integrate parks, trails, schools, and shopping within walking distance. Families and professionals appreciate this sense of convenience without having to leave the Westshore. The Strength of Established Homes Established properties provide character, mature landscaping, and a better sense of community. Older streets often have larger lots, quieter roadways, and an established neighborhood identity. Trees provide shade, yards offer privacy, and amenities have been tested over time. These homes tend to be built with durable materials and traditional layouts suited to long term living. Renovations can be more purposeful, allowing homeowners to modernize specific areas rather than pay for upgrades they do not want or need. Many established neighborhoods also see stronger resale stability because their appeal does not rely solely on new construction trends. Maintenance is an important consideration. Roofing, plumbing, electrical work, and windows may require attention sooner than in a newer home. However, many Westshore sellers have already updated these systems, which can result in excellent value for buyers who prefer move in ready living. Which Option Is Right for You? The best fit depends on lifestyle and expectations. Those who prefer modern layouts, energy efficiency, and a low maintenance start often lean toward new homes. Others who value privacy, lot size, and established communities may find greater comfort in older properties. Our role is to help clients weigh these priorities against budget, location, and long term plans. Whether you envision living steps from a brand new school in Langford or settling into a mature View Royal street, the Westshore has a home type for every stage of life. 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.”

Downsizing is not only about moving into a smaller space. It’s a lifestyle transition, and in Greater Victoria, it often brings freedom, convenience, and more time for what matters most. After helping many clients through this process, we’ve found that the most successful downsizing journeys start with clarity: why you’re moving, what you want, and what you’re ready to let go of. Why Downsizing Makes Sense Here Greater Victoria is uniquely suited to downsizers. There are neighbourhoods where walkability replaces long commutes, strata living replaces yard maintenance, and scenic parks or beaches become part of your daily routine. For many, the trade-off of square footage brings a noticeable upgrade in quality of life. Where Downsizers Often Look Saanich Central, quiet, and close to everything—Royal Oak, Broadmead, and Cordova Bay offer townhomes, well-run strata buildings, and a relaxed pace. Victoria Core Downtown and James Bay work beautifully for walkable lifestyles. You’ll find lock-and-leave condos, vibrant food scenes, and easy access to the Inner Harbour. Oak Bay For those who prefer charm and character. Boutique condos and elegant townhome communities let you stay near oceanfront parks, cafés, and village amenities. Westshore Langford and Colwood provide newer builds with modern amenities, elevators, parking, and layouts designed with aging in place in mind.   What to Expect During the Process You’ll Reassess What You Really Need Downsizing forces you to prioritize. Many clients resist at first—until they realize that shedding unused rooms, extra storage, or an oversized yard is liberating. Lifestyle Becomes the Focus Instead of asking “How big is it?” the better question becomes “How will I live here?” Think: morning walks, a balcony with a view, less maintenance, more travel, and easier day-to-day routines. Costs Shift, But Don’t Disappear While utilities and upkeep may drop, strata fees or HOA contributions might increase. A well-managed building is worth it: predictable costs, building maintenance, and shared amenities.   Where to Start 1. Define Your Priorities List what matters most: Walkability Accessibility or single-level living Proximity to family Amenities like pools, gyms, or clubs Storage needs This list becomes your compass when emotions kick in. 2. Take Inventory of What You Own You don’t have to get rid of everything at once. Start early and work in stages: Donate or sell items you haven’t used in 12–18 months Digitize paperwork and photos Keep essentials and meaningful pieces 3. Understand Your Financing Downsizing can unlock equity, but don’t assume the smaller home is always cheaper. Location, age of building, and strata size can influence price. 4. Visit Homes in Person Photos never tell the full story. Touring a 900 sq ft condo with good light and storage can feel far better than a 1,300 sq ft layout with poor flow. What a Successful Downsizing Looks Like The clients who thrive aren’t necessarily the ones who get the biggest condo or the most amenities. They’re the ones who choose places that match how they actually live—near trails, village shops, grandkids, or a favourite café. The best move is the one that fits your next chapter, not your last one.   Shauna Sundher, 5-Star Review, via Google “Both Scott and Cal assisted us in selling and purchasing. It was a big move for us but they both assisted us in getting more than we initially expected and getting us into a really great property. They helped us work through some issues on both ends and were very professional and helpful! We recommend them to our friends and family who need an agent.” 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 many years working with buyers across Victoria and the Westshore, we can tell you that the biggest shock rarely comes from the purchase price but from everything else that gets layered on top. New buyers tend to focus on the mortgage payment alone, but the real financial picture includes closing costs, maintenance, taxes, and lifestyle adjustments. If you want to feel comfortable and confident in your first year of ownership, it’s essential to budget for more than just the loan. Legal Fees and Title Costs Every home purchase in British Columbia requires a lawyer or notary to complete the deal. For most properties in Greater Victoria, legal fees typically fall between $1,400 and $2,500 depending on the complexity of the transfer, whether you’re purchasing a condo, and whether your lender has extra requirements. This is non-negotiable. Your lawyer or notary will handle title transfer, mortgage registration, trust funds, and coordinate with your bank and the seller’s legal team. Property Transfer Tax (PTT) This is the one that surprises buyers the most, especially those relocating from provinces with different rules. In BC, the Property Transfer Tax is: 1% on the first $200,000 of the purchase price 2% on the portion from $200,000 to $2 million 3% above $2 million If you’re not a first-time buyer and you buy a $900,000 home, the tax alone is thousands of dollars due at closing. Some exemptions exist for qualified first-time buyers and for certain new construction properties, but those apply in fewer cases than people expect. It’s critical to verify your eligibility before you shop. Inspections and Due Diligence Even though inspections aren’t legally required, skipping them is a costly gamble in Victoria’s market. Older homes, especially in areas like Oak Bay, Fernwood, or parts of Saanich, may have aging infrastructure, knob-and-tube wiring, or perimeter drains that haven’t been touched since the 1980s. A typical inspection ranges from $500 to $800, more if you add sewer scope, mold testing, or specialized assessments. It is one of the best investments you can make. Insurance: Annual Premiums and Lender Requirements Before a lender will release funds, you must carry home insurance. In Victoria, premiums vary widely based on the age of the home, proximity to the ocean, heating type, and whether you have a mortgage helper or short-term rental. A safe estimate is $1,200 to $2,500 annually. Condos require strata insurance, and owners must also carry their own contents and liability policy. Do not assume the building coverage protects you as it rarely covers your unit or deductible. Strata Fees and Special Assessments If you purchase a condo or townhome, monthly strata fees cover shared areas, building insurance, landscaping, and long-term maintenance funds. Newer buildings may have higher fees if they include amenities like gyms or pools. What many buyers fail to budget for is special assessments. These are extra charges levied for major repairs, such as elevator replacements, roofing projects, or exterior remediation. We always advise reviewing strata documents, depreciation reports, and meeting minutes before you write an offer. You’re not only purchasing the unit itself, you’re also investing in the financial condition of the entire building. Maintenance and Repairs Homeownership comes with the responsibility of ongoing upkeep. Even well-maintained properties need regular service: heat pumps, gutters, roof moss removal, appliance replacements, driveway sealing, and routine landscaping. A general rule is to have 1–2% of the home’s value set aside annually for maintenance. In Victoria, where moisture and mild winters accelerate wear and tear, buyers who skip this category are often caught off guard. Moving and Lifestyle Changes The final cost most people overlook is the one that impacts their daily life. Moving expenses, furniture purchases, strata move-in fees, utility deposits, or landscaping for a bigger yard. If you’re moving for lifestyle reasons, expect costs you may not have planned for. Living in View Royal or Metchosin could mean longer commute times, a downtown condo might require paid parking, and a property near the shoreline often needs added protection from salt air exposure. The Bottom Line The mortgage is just one piece of a much larger picture. Successful homeowners budget realistically, not optimistically. They prepare for legal fees, taxes, inspections, maintenance, insurance, and the rhythms of real life after the keys change hands. Fortunately, with proper planning, these expenses can be manageable. As a team that has guided Victoria buyers through every type of purchase from heritage homes to brand-new condos, our best advice is simple: understand the full financial journey, not just the monthly payment.   Liam Grigg, 5-Star Review, via Google “The real estate market felt daunting, especially when it was our first time entering it. But, working with Scott made the whole process so much easier. He was really excellent at asking questions, showing us a variety of places, and helping us narrow down exactly what we were looking for. Scott was flexible, never pushy, and I really felt supported by him throughout! He made a big difference in helping us find THE place and we couldn’t do it without him. I can’t wait to work with Scott again 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 “Building Lasting Relationships, One Home at a Time.”