Posts Tagged ‘Canadian real estate’

BC real estate prices in 2026 continue to reflect a market shaped by structural pressures rather than short-term swings. While conditions are more balanced than past cycles, several forces still influence pricing across the province. Housing Supply Remains Tight New construction has not kept pace with population growth. Zoning changes help long-term supply, but short-term inventory remains limited, especially in urban and desirable lifestyle markets. Interest Rates and Buyer Behaviour Rate stability in 2026 has improved buyer confidence. While higher than historic lows, predictable borrowing costs allow buyers to plan, supporting steady demand rather than rapid price jumps. Population Growth and Migration Interprovincial and international migration continue to fuel housing demand. BC remains attractive for employment, education, and lifestyle, keeping pressure on prices in key regions. Regional Market Differences Not all markets move the same way. Urban centres show slower price growth, while secondary and lifestyle markets see more resilience due to relative affordability and limited listings. Long-Term Investment Outlook Many buyers view real estate as a long-term hold. This mindset reduces panic selling during slower periods and helps stabilize prices across market cycles. BC real estate prices in 2026 are driven less by speculation and more by fundamentals. Supply constraints, steady demand, and long-term ownership patterns continue to support values across the province. If you have any questions about real estate, feel free to reach out.   Lisa S., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Vancouver Island assessed property values are now available, and many homeowners are asking what the numbers really mean. While assessments influence property taxes, they do not directly reflect current market value. Understanding how BC Assessment works helps put these figures into context. How BC Assessment Determines Value BC Assessment estimates property values annually based on a July 1 valuation date from the prior year. They analyze recent sales, property characteristics, location, and zoning. The goal is fairness across similar properties, not predicting today’s selling price. Why Total Assessed Values Reached $399 Billion Across British Columbia, total assessed property values climbed to approximately $399 billion. This increase reflects long-term population growth, limited housing supply in many areas, and steady demand over several years. Even in a more balanced market, past price gains still influence assessed values. Regional Differences Across Vancouver Island Changes were not uniform. In Greater Victoria, assessments rose by about 1 percent, signalling a cooler and more stable market compared to prior years. In contrast, parts of the North Island saw increases of up to 7 percent, driven by relative affordability, lifestyle demand, and fewer listings. These differences matter. Property taxes are based on your home’s value relative to others in your municipality, not just whether your assessment went up or down. What This Means for Homeowners in 2026 A higher assessment does not automatically mean higher taxes. If your property value increased less than the local average, your tax bill may rise only modestly. For buyers and sellers, assessed values remain a reference point, but market conditions, pricing strategy, and timing still matter more. If you believe your assessment does not reflect your property accurately, you can review comparable sales and file an appeal within the stated deadline. Bottom Line Vancouver Island assessed property values 2026 show a market that is stabilizing in some regions and still adjusting in others. Understanding the assessment process helps homeowners make informed decisions without overreacting to the headline number.   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, and Sophie Taylor “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.”