Buyer Resorces

Detached homes in Greater Victoria continue to offer stability and long-term value, even as interest rates, inventory, and buyer behaviour shift. Strong demand combined with limited supply keeps single-family homes attractive for both homeowners and investors. Limited Supply Supports Long-Term Value Geographic constraints, including the ocean, mountains, and protected green space, limit new detached home construction across Greater Victoria. Planning policies that prioritize higher-density housing further restrict supply, particularly in established areas such as Saanich, Oak Bay, View Royal, and parts of the Westshore. This ongoing scarcity supports long-term price strength. Consistent Buyer Demand Across Market Cycles Detached homes appeal to a wide range of buyers, including families, move-up buyers, downsizers seeking privacy, and long-term investors. Access to outdoor recreation, reputable schools, and established amenities keeps demand steady, helping reduce market volatility compared to other property types. Stronger Resale and Rental Performance Single-family homes typically offer greater resale flexibility and are less impacted by strata rules or special assessments. As rentals, they often attract stable, long-term tenants and command higher rents, with demand frequently exceeding supply in well-located neighbourhoods. Adaptability and Future Potential Detached homes offer flexibility to renovate, add secondary suites where permitted, or improve energy efficiency. Some properties may also benefit from future redevelopment or gentle density opportunities, adding long-term upside. A Hedge Against Market Uncertainty While no investment is risk-free, detached homes in Greater Victoria have historically demonstrated resilience. Their combination of land value, limited supply, and consistent demand makes them one of the most reliable segments in the local real estate market. Lisa Shortt, 5-Star Review, via Google “Scott went above and beyond for us in both finding our dream home and selling our condo. He listened to us and provided professional advice for each circumstance. Would highly 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.”

Colwood real estate continues to capture buyer interest across Greater Victoria, driven not only by strong fundamentals but also by a thriving calendar of community events. From summer beach parties to arts festivals and seasonal celebrations, Colwood’s social fabric enhances its neighbourhood appeal, making it a desirable place to buy or invest. Why Colwood Stands Out in the West Shore Market Colwood offers a unique blend of natural beauty, accessibility, and a strong sense of community spirit. Located on the western edge of Greater Victoria, it features scenic ocean views, extensive trail networks, easy access to Highway 1 and rapid transit, and a growing mix of housing options ranging from family-friendly detached homes to modern townhouses and condos. These fundamentals alone draw attention from first-time buyers, families, and downsizers alike. However, it is Colwood’s active community life that elevates the local real estate experience beyond shelter and investment. Eats & Beats Beach Party One of Colwood’s signature summer gatherings, the Eats & Beats Beach Party combines live music, food trucks, local vendors, and family-friendly entertainment along The Beachlands. This event draws thousands from across the West Shore and highlights the city’s relaxed coastal lifestyle. Lagoon Arts & Culture Festival   Held each fall at Lagoon West Park and the Goldfinch Arts Centre, this festival celebrates local artists, artisans, music and culture. With children’s activities, artisan markets and performances, it reinforces Colwood’s reputation as a creative and engaged community. Colwood Involved: Community and Volunteer Showcase   A spring highlight, this event connects residents with local organizations and volunteer opportunities, strengthening civic engagement and enhancing neighbourhood pride. These are factors that contribute to long-term community stability. Seasonal Gatherings and Holiday Celebrations   Throughout the year, Colwood hosts seasonal events, including Music in the Park during the summer, Halloween activities, Remembrance Day ceremonies, and the festive Christmas Light Up and Lighted Truck Parade. These gatherings provide year-round opportunities for connection and showcase the city’s welcoming character. How Events Influence Real Estate Demand Community events contribute to real estate dynamics in several ways: Enhanced lifestyle appeal: Buyers increasingly prioritize lifestyle when choosing where to live. Colwood’s events signal a vibrant, connected community. Increased exposure and foot traffic: Events bring visitors into neighbourhoods, allowing prospective buyers to experience local amenities, parks and commercial areas. Stronger community perception: Frequent and well-organized events create positive perceptions of neighbourhood cohesion and long-term stability. Marketing advantage: For sellers and agents, promoting nearby community events can differentiate a listing by emphasizing lifestyle assets beyond the property itself.   What This Means for Buyers and Investors For buyers, attending Colwood’s community events is an effective way to evaluate fit and feel. Beyond open houses and listings, experiencing a neighbourhood in motion provides real insight into lifestyle, noise levels, connectivity and community priorities. For investors and long-term homeowners, the synergy between community life and real estate demand supports value stability. Neighbourhoods that cultivate engagement and identity tend to attract consistent interest through market cycles. Colwood’s real estate market is shaped by more than location and housing stock. The city’s calendar of community events enhances neighbourhood visibility, builds social cohesion and contributes to a strong sense of place. Whether you are buying your first home, investing for the future, or planning to sell, Colwood’s blend of lifestyle and community offers tangible value in Greater Victoria’s competitive market. Noah Charton, 5-Star Review, via Google “I can’t thank Scott enough for his invaluable help during my recent real estate transaction. He guided me through several properties with a keen eye for detail, pointing out the pros and cons, building qualities and deficiencies, and identifying potential issues. I truly felt that he cared about helping me make the best decision for my needs. His expertise in assessing the buildings, materials, and the overall condition of the properties gave me confidence in my choices. Scott’s deep understanding of the market, combined with his ability to spot potential issues before they arise, provided me with peace of mind, knowing I was making a sound decision.” 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 return of conditional offers is a sign of a more balanced market. In Greater Victoria, increased inventory, longer Days on Market, and more price-sensitive buyers have changed negotiation dynamics. Buyers are no longer feeling the same pressure to remove all conditions immediately. Instead, they are taking time to evaluate value, financing, and risk before committing. What Is a Conditional Offer A conditional offer is an offer to purchase that includes specific conditions the buyer must satisfy before the sale becomes firm. Common conditions include financing, home inspection, strata document review, or the sale of another property. During highly competitive markets, conditional offers often disappear as buyers compete to make firm offers. As the market shifts, conditions tend to return, giving buyers more room to perform due diligence. What This Means for Sellers For sellers, conditional offers do not mean the market is weak. They indicate a shift toward more thoughtful and structured negotiations. Sellers may notice: Fewer firm offers More inspection and financing conditions Longer conditional periods Understanding this shift helps sellers respond strategically rather than emotionally. How Conditional Offers Impact Negotiations Conditional offers create additional negotiation points beyond price. Terms and conditions now matter more than ever. Key areas of negotiation often include: Length of the condition period Deposit amount and timing Price adjustments based on inspections Flexibility around completion dates A clean offer with reasonable conditions can sometimes be stronger than a higher-priced offer with uncertainty. When a Conditional Offer Can Be a Strong Offer Not all conditional offers carry the same risk. Some are well structured and supported by strong buyer preparation. A strong conditional offer often includes: Short condition timelines Larger deposits Limited and specific conditions Evidence of financing preparation Evaluating the quality of the offer is just as important as evaluating the price. Seller Strategies in a Conditional Offer Market Sellers can protect their position while remaining competitive by setting clear expectations. Effective strategies include: Pricing accurately from the start Reviewing pre-listing inspection options Understanding which conditions are reasonable Negotiating backup offers when possible A proactive approach helps maintain leverage during negotiations. The Role of Your Agent in Conditional Negotiations Negotiating conditional offers requires market knowledge and experience. An agent who understands local trends can help assess risk, negotiate terms, and manage timelines. Strong representation ensures that conditions are properly structured, deadlines are enforced, and the seller’s interests remain protected throughout the process. The return of conditional offers reflects a healthier and more balanced real estate market in Greater Victoria. For sellers, success comes from understanding the shift and adapting negotiation strategies accordingly. With the right pricing, preparation, and guidance, sellers can still achieve strong results while navigating conditional offers with confidence.

The Westshore has quickly become one of the most popular areas for families in Greater Victoria. Communities like Langford, Colwood, and View Royal offer more space, modern amenities, and a strong sense of community. For many buyers, the Westshore provides a lifestyle that is increasingly difficult to find closer to downtown Victoria. Here is why the Westshore is now considered Victoria’s new family hub. More Affordable Family Housing Housing affordability remains one of the biggest reasons families are moving to the Westshore. Compared to central Victoria, families often find better value and more options. Common housing choices include: Single-family homes with yards Townhomes designed for growing families Newer condo developments with family-friendly layouts Ongoing development continues to add supply, helping families enter the market or move up without leaving the region. Strong Schools and Child Care Options Education plays a major role in where families choose to live. The Westshore is served primarily by School District 62, which continues to expand alongside population growth. Families benefit from: Public and independent schools New and expanding school facilities Early learning centres and child care programs Access to nearby post-secondary institutions and trades training also adds long-term value for families planning ahead. Parks, Trails, and Outdoor Space The Westshore offers an outdoor lifestyle that appeals to both parents and children. Parks, beaches, and trail systems are integrated throughout the community. Popular outdoor features include: Neighbourhood parks and playgrounds Multi-use trail networks Easy access to beaches and lakes These amenities encourage active living and make it easier for families to spend time outdoors year-round. Everyday Amenities Close to Home Daily convenience is another reason families choose the Westshore. Retail centres, grocery stores, medical services, and recreation facilities are located close to residential neighborhoods. Families appreciate: Shorter travel times for errands Expanding recreation centres and sports facilities New restaurants and family friendly businesses As commercial development continues, the Westshore becomes increasingly self-sufficient. Improved Transportation and Commuting Options Transportation improvements have made the Westshore more accessible than ever. Highway upgrades, expanded transit routes, and growing cycling infrastructure support daily commuting and family travel. Many residents now enjoy: Faster access to downtown Victoria Better public transit options Safer routes for walking and biking This connectivity supports both work-life balance and long-term livability. A Strong Sense of Community Families are drawn to the Westshore for more than just housing and amenities. Community events, recreation programs, and neighbourhood involvement help create a welcoming environment. Local markets, festivals, and sports programs allow families to build connections and feel rooted in their community As Greater Victoria continues to grow and evolve, the Westshore stands out as a vibrant, family-oriented region that offers balanced living, affordability, and community infrastructure. With accessible housing, quality education, active lifestyles, and an expanding economy, it is no surprise that the Westshore is Victoria’s new family hub. Whether you are relocating, purchasing your first home, or seeking a community with room to grow, the Westshore provides compelling reasons to put down roots and thrive. Wilson, 5-Star Review, via Google “Amazing people there! They will help you through the entire process and will always make you feel like family. For those first time home buyers, don't be intimidated entering the market because they will explain every process and guide you through.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”

Energy efficiency has become a major priority for homeowners and buyers alike. With many homes in Victoria built before modern energy standards, retrofitting older properties is one of the most effective ways to improve comfort, reduce utility costs, and increase long term value. Understanding the available rebates and the costs associated with these upgrades can help homeowners make informed decisions. Major Rebates and Incentives for Homeowners Provincial and utility programs significantly offset the upfront cost of retrofitting. The most prominent are delivered through the CleanBC Better Homes initiative, in partnership with FortisBC and BC Hydro. CleanBC Better Homes / Home Renovation Rebates: This program provides rebates for a broad range of upgrades, including heat pumps, insulation, windows, and doors. Total rebate amounts can reach up to $14,000 or more, depending on your project's scope and eligibility. Insulation Upgrades: Up to $5,500. Rebate varies by location and type. Heat Pump Systems: Rebates vary widely by heat pump type, with electric heat pumps generally qualifying for higher amounts. Bonus Rebates: The program offers bonuses for completing multiple upgrades, for example, a two-upgrade or three-upgrade bonus. Income-Qualified Programs: CleanBC offers enhanced rebates (up to 95% of upgrade costs, depending on income) through its Energy Savings Program for low- and middle-income households. This can cover major costs like heat pump installation. Canada Greener Homes Grant & Loan: This federal initiative provides grants of up to $5,000 and an interest-free loan of up to $40,000 to cover retrofits recommended by a certified energy advisor. Resource Link: The main hub for all these programs is the CleanBC Better Homes website (Check eligibility and current offers at https://www.betterhomesbc.ca/). Local Support for Victoria Residents Victoria homeowners have access to free local support to simplify the process. Home Energy Navigator: This program offers free, personalized guidance, connecting you with an Energy Concierge who provides support to help you understand available rebates, review quotes, and navigate applications. This service is invaluable when planning extensive upgrades. Resource Link: Learn more about this regional service at the Home Energy Navigator website (Find local support at https://homeenergynav.ca/). Typical Retrofit Costs to Budget For Actual costs vary widely based on your home’s size and condition. Here is a general sense of the pre-rebate investment range for common items: Heat Pump Installation: Costs are typically in the range of $12,000 to $20,000+ for full systems, before rebates. Attic/Wall Insulation: Costs can run from several thousand dollars for attics or walls, depending on accessibility and materials. Window and Door Replacement: Replacement generally ranges from $700 to $1,500+ per unit installed, depending on size and performance ratings. While rebates offset a meaningful portion of these costs, many programs require upfront expenditure with rebates issued after completion and application approval. Early planning, including booking an EnerGuide home evaluation before work begins, is critical to ensuring eligibility for the maximum rebates. Real Estate Value and Homeowner Benefit From a realtor’s perspective, homes with documented energy upgrades attract interest from buyers seeking lower operating costs and long-term sustainability. Energy efficiency improvements often pay dividends beyond rebate dollars in higher sale prices, faster market absorption, and improved buyer confidence. Living the green life in Victoria, BC, is both financially and environmentally sound. Start with a professional energy assessment and plan your upgrades strategically to maximize the available incentives.   Spencer Mowat, 5-Star Review, via Google “Where do I begin, the professionalism I've received from my realtor and friend Scott Faber @fabergroup has been a great experience, his knowledge of the market and work ethic is truley impressive. Excacly how it should be when your making one of the biggest purchases of your life!” 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 tenanted property in Victoria, BC comes with unique opportunities and challenges. Unlike vacant homes, properties with tenants already in place require careful consideration of existing leases, tenant rights, and local regulations. For investors or buyers looking to occupy the property in the future, understanding these factors is critical to avoid legal complications, protect your investment, and make an informed decision in today’s competitive Victoria real estate market. Tenancy Rules Apply to the New Owner When you purchase a tenanted property in Victoria BC, the tenancy does not automatically end. Under British Columbia tenancy rules, the buyer assumes the existing tenancy, including the current rent, terms, and conditions. This means you step into the role of landlord immediately upon completion. Understanding this from the outset is critical, especially if you plan to move into the property or make changes after purchase. Ending a Tenancy Has Specific Requirements A tenancy can only be ended for permitted reasons and with proper notice. In many cases, a new owner may only end a tenancy if they or an immediate family member intend to occupy the property. Specific notice periods and documentation are required, and the rules must be followed carefully. Buyers should understand that possession timelines can be longer than expected when purchasing a tenanted home. Rent May Be Below Market Value Many tenanted properties have rents that are below current market rates, particularly if the tenant has been in place for several years. Rent increases are regulated in British Columbia, so buyers should not assume they can adjust rent to market levels right away. Evaluating the existing rent against current expenses helps buyers determine whether the property aligns with their financial goals. Access and Showings Are Regulated Tenant rights include rules around access to the property. Proper notice must be given for showings, inspections, or repairs, and tenants have the right to quiet enjoyment. This can affect how easily a buyer can view the property before purchase. From a practical standpoint, this can also influence how the property is marketed and presented. Due Diligence Is Especially Important When buying a tenanted property, buyers should review the tenancy agreement, rent history, and any communication related to the tenancy. Understanding who pays utilities, how maintenance is handled, and whether there are any outstanding disputes is essential. This due diligence helps avoid unexpected issues after possession. Planning Ahead Makes a Difference Buying a tenanted property can be a strong long term opportunity, but it requires careful planning. Whether the goal is investment, future personal use, or both, understanding local tenancy regulations and timelines is key. Working with professionals who understand both real estate and tenancy rules helps ensure a smooth and compliant transaction in Victoria’s market.   Marc E., 5-Star Review, via Google “Scott is focused on providing his clients with a long-term positive experience, and he truly acts as a trusted advisor throughout the process. It's important to have someone you can trust for this kind of investment, and Scott has certainly earned my trust. For me, it's important that a realtor fits my values, is always responsive, professional, and goes above and beyond to ensure all my needs are met. I highly recommend Scott and Faber Real Estate for all your real estate needs.” 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 firmly established itself as one of the most in demand real estate markets in Greater Victoria. With ongoing development, expanding amenities, and a wide range of housing options, Langford continues to attract buyers at every stage of life. As the Westshore grows, Langford remains at the center of that momentum. A Wide Range of Housing Options One of Langford’s biggest strengths is housing diversity. Buyers can choose from condos, townhomes, duplexes, and single family homes across a variety of price points. This flexibility makes Langford especially appealing to first time buyers, growing families, and downsizers. Newer construction also means many homes are move in ready, which continues to be a major draw in today’s market. Strong Infrastructure and Amenities Langford offers excellent access to shopping, schools, parks, recreation facilities, and major transportation routes. Ongoing infrastructure investment supports long term growth and improves daily livability for residents. From walkable commercial areas to sports facilities and trails, Langford offers convenience without sacrificing lifestyle. Buyer Demand and Long Term Value Consistent demand has helped Langford maintain steady resale activity. Its central role in the Westshore, combined with continued population growth, supports long term value for homeowners and investors alike. As affordability remains a challenge closer to downtown Victoria, Langford continues to be viewed as a smart alternative with strong fundamentals. Final Thoughts Langford is no longer an emerging market. It is a well established, high demand community that continues to evolve. For buyers seeking value, convenience, and long term potential, Langford remains one of the strongest choices in the Westshore. 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.”

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.