The Saanich Peninsula continues to attract buyers looking for value, lifestyle, and long-term stability. In 2026, balanced market conditions have created opportunities across Sidney, North Saanich, and Central Saanich, particularly for buyers willing to look beyond core Victoria.
Saanich Peninsula real estate benefits from limited land supply, strong community appeal, and steady demand tied to retirees, families, and downsizers.
Sidney: Walkability and Coastal Appeal
Sidney remains one of the Peninsula’s most popular markets, especially for downsizers and retirees.
Why buyers focus here:
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Walkable downtown with shops, cafes, and waterfront access
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Strong condo and townhome inventory relative to other Peninsula areas
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Consistent demand that supports long-term value
In 2026, pricing remains more approachable than Oak Bay or Fairfield, particularly for condominiums. For buyers seeking lifestyle and convenience, Sidney continues to represent solid value within Saanich Peninsula real estate.
Central Saanich: Balance of Space and Accessibility
Central Saanich appeals to buyers who want more space without sacrificing proximity.
Key advantages include:
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Larger lots and family-oriented neighbourhoods
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Easy access to Sidney, Brentwood Bay, and Victoria
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A mix of single-family homes, townhomes, and newer developments
Value plays often emerge in older homes with cosmetic upgrade potential. For long-term buyers, Central Saanich offers flexibility and stability.
North Saanich: Acreage and Long-Term Holding Value
North Saanich remains the Peninsula’s acreage market.
What defines North Saanich:
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Larger rural properties and estate-style homes
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Limited development and strong zoning protections
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Appeal to buyers prioritizing privacy and long-term ownership
While price points are higher, North Saanich real estate often compares favourably to similar acreage markets closer to Victoria. In a balanced 2026 market, patient buyers may find negotiation opportunities.
Where the Best Value Plays Appear in 2026
Across the Peninsula, value often shows up in:
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Condos and townhomes in Sidney
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Older single-family homes in Central Saanich
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Acreage properties in North Saanich with long-term upside
Understanding neighbourhood plans, servicing, and future development restrictions is critical when assessing value.
Market Conditions to Watch
Inventory levels across the Saanich Peninsula remain healthier than peak years, giving buyers more choice. However, demand remains steady due to lifestyle-driven purchases and limited land availability.
As a result, well-priced homes continue to move, while overpriced listings sit longer.
Final Thoughts
Saanich Peninsula real estate offers compelling value in 2026 for buyers seeking lifestyle, space, and long-term stability. Sidney delivers walkability, Central Saanich balances space and access, and North Saanich offers acreage and privacy.
For buyers willing to act strategically, these Peninsula hotspots remain some of Greater Victoria’s strongest value plays.
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