Posts Tagged ‘2026 real estate forecast’

As we move into 2026, Greater Victoria’s real estate market is expected to shift into a more balanced and predictable phase. After several years of rapid change driven by interest rates, inventory constraints, and economic uncertainty, the coming year is shaping up to favour informed buyers and well-prepared sellers. Here is what homeowners and buyers should know heading into 2026. Market Conditions Are Expected to Stabilize   Greater Victoria is anticipated to see a steadier market in 2026, with moderate price movement rather than sharp increases or declines. Buyer confidence is expected to improve as interest rates stabilize, encouraging more activity without the urgency seen in past boom cycles. This shift supports healthier negotiations and more balanced conditions across most property types. Price Growth Likely to Be Modest and Localized   Overall price growth in 2026 is expected to remain modest, with performance varying by neighbourhood and housing type. Well-located single-family homes and townhomes with functional layouts are likely to remain in strong demand, while condominiums may experience more price sensitivity depending on strata fees, building age, and amenities. Inventory Levels Should Gradually Improve   One of the biggest constraints in recent years has been limited housing supply. In 2026, inventory is expected to increase gradually as more homeowners feel comfortable listing. This will provide buyers with more choice while reducing extreme competition. However, desirable properties that are priced correctly are still expected to sell efficiently. Buyer Demand Will Continue to Be Driven by Lifestyle   Greater Victoria’s lifestyle appeal continues to attract buyers from across British Columbia and other parts of Canada. Proximity to nature, walkable communities, and access to amenities remain top priorities. Homes that offer energy efficiency, flexible living spaces, and outdoor areas are expected to perform well in 2026. Sellers Will Need a Strategic Approach   Unlike past years where nearly any listing attracted attention, 2026 will reward sellers who price realistically and invest in presentation. Staging, professional photography, and clear disclosure will matter more as buyers become selective. Overpricing may lead to longer days on market and price adjustments. What This Means for Buyers and Sellers   For buyers, 2026 may present better opportunities to negotiate, particularly in segments with increased inventory. For sellers, understanding micro-market trends by neighbourhood and property type will be essential to achieving top value. Working with a local expert who understands these nuances will be more important than ever. Looking Ahead   Greater Victoria’s real estate market remains fundamentally strong, supported by limited land supply, consistent demand, and long-term population growth. While the pace may slow compared to peak years, 2026 is shaping up to be a year of opportunity for those who plan ahead and stay informed. If you are considering buying or selling in 2026, understanding how these trends apply to your specific situation can make a significant difference. James C., 5-Star Review, via Google “Scott made the process of finding a good condo in Victoria as simple and straightforward as it can be. He was always very helpful, and quick to respond throughout the process from start to finish. Being new to BC I think the ordeal would have been pretty overwhelming otherwise. I'd definitely recommend Scott and his team to others 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.”

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.”