Posts Tagged ‘Colwood homes’

When you’re evaluating where to buy in the Greater Victoria, Saanich, or Westshore markets, understanding municipal property tax differences is an often-overlooked but highly relevant financial factor. Two homes with identical assessed values can lead to noticeably different tax bills year-to-year depending on the municipality — so knowing how rates stack up can influence both your upfront cost estimates and your long-term ownership costs. How Property Taxes Work in BC In British Columbia, municipal property taxes are calculated by multiplying the assessed value of your home by the municipal tax rate (mill rate). The assessment comes from BC Assessment and reflects market value as of July 1 prior to the tax year. Your total tax bill isn’t just the municipal share — it also includes levies collected for: Provincial school tax Capital Regional District (CRD) services Hospital district Transit Other local bodies Municipal budget decisions — such as infrastructure spending or service levels — directly influence the mill rate required to generate revenue. If assessments rise faster than the municipal budget, mill rates can stay stable or even decrease; if budgets grow faster than total assessed value, mill rates must increase. A municipality’s tax strategy often reflects local priorities and spending choices. Greater Victoria Municipal Property Tax Rates: A Snapshot Not all municipalities in Greater Victoria tax at the same rate. Based on available comparative data: Tax Rate Rankings (2022–2024 era) Lower tax rate municipalities: North Saanich generally sits near the lower end of regional property tax rates. View Royal often has lower mill rates compared with urban centres. Mid-range: Colwood and Langford in the Westshore tend to have moderate local municipal tax rates, but totals depend on other levies and assessment levels. Higher tax rate municipalities: Victoria and Central Saanich have among the higher municipal property tax rates within the region. Saanich typically shows a comparatively high effective tax burden. Differences matter: in a sample compiled by a brokerage, a $1 million home in Victoria would yield roughly $174 more in taxes than the same value home in Saanich, and a home in Colwood would pay about $645 more than in View Royal — purely based on rate spreads. (Note: precise current rates change annually with budgets and assessments. Always check municipal tax rate bylaws or use online tax calculators for exact figures for a given year.) Recent Trends: Rate Increases & Budget Pressures Municipalities across Greater Victoria have grappled with tax increases over recent years, driven by rising costs for core services, infrastructure renewals, and public safety: Saanich approved property tax increases near 8% in 2025, adding hundreds of dollars to the average homeowner bill. Langford has proposed significant tax hikes in multi-year financial plans to support rapid growth and expanding service demand. Regional increases by the Capital Regional District (CRD) also factor into total bills, with projected increases varying across municipalities depending on the services used (e.g., 4.1% for Victoria vs 7.7% for Langford for CRD requisitions in 2025). These upward pressures mean that even if a municipality historically had a lower tax rate, the year-to-year changes can shift relative burden across communities. Why These Differences Matter for Buyers 1. Annual Carrying Cost If you’re budgeting for homeownership, property taxes are a predictable recurring cost tied directly to your assessment and municipal priorities. A difference of a few hundred to a few thousand dollars annually can impact: Mortgage affordability Monthly cash flow Long-term cost projections for investment or retirement planning 2. Comparing Similar Homes Across Municipalities Two homes with equal market value — one in Saanich and one in Langford or Colwood — could result in: Different quarterly tax bills Different services received for that tax dollar (e.g., recreation, policing, parks) This can be a tiebreaker for buyers evaluating multiple locations in the region. 3. Growth and Future Tax Outlook Municipalities at different stages of development (e.g., fast-growing Langford vs more established Saanich or Victoria) may adopt differing strategies on whether to keep taxes low for growth incentives or invest in services and infrastructure. Howard P., 5-Star Review, via Google “Cal and Scott Faber are authentic and trustworthy and give it to you straight up. They take the time and the attention to learn about your needs and then find the home that fits them. Our experience with Cal and Scott Faber was exceptional. They didn't just provide great service, they demonstrated a genuine concern for our best interests, making us feel truly valued. They will do their best to find the home that fits your lifestyle and needs. I heartily recommend Cal and Scott.” 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.”

Choosing the right neighbourhood in Greater Victoria and the Westshore depends on your lifestyle, needs, and priorities. As realtors working across the region, we help buyers identify areas that fit their goals, whether they are growing families, busy professionals, or retirees seeking a peaceful lifestyle. Neighbourhoods Ideal for Families Families often look for safe streets, good schools, parks, and community amenities. Areas like Saanich, Oak Bay, Royal Oak, and Colwood are popular for families because of excellent schools, playgrounds, and recreational facilities. These communities provide opportunities for outdoor activities, from local parks to nearby trails, and a strong sense of community where neighbours know each other. Neighbourhoods Suited for Professionals Busy professionals often prioritize convenience, transit options, and proximity to work, dining, and entertainment. Downtown Victoria, James Bay, Fernwood, and Langford Town Centre are excellent choices. These areas offer easy access to offices, cafes, shops, and cultural events. Modern condos and townhomes provide low-maintenance living, freeing up time for careers and social life. Neighbourhoods Perfect for Retirees Retirees often seek quiet streets, walkability, and access to healthcare and recreational activities. Esquimalt, View Royal, Cadboro Bay, and Colwood are ideal for retirees. These areas provide scenic walks, community centres, and close proximity to medical services. Many properties are single-level homes or offer low-maintenance yards, which makes daily life easier. The Greater Victoria and Westshore Advantage Regardless of your stage in life, Greater Victoria and the Westshore offer diverse communities with unique benefits. Families enjoy space and schools, professionals benefit from convenience and lifestyle amenities, and retirees can embrace a relaxed pace with beautiful surroundings. The key is finding a neighbourhood that fits both your needs and your long-term goals. How We Can Help As realtors familiar with Greater Victoria and the Westshore, we guide buyers through neighbourhood comparisons, property options, and local amenities. Our goal is to help you find a home and a community where you feel comfortable, connected, and confident in your decision.   Ola A. 5-Star Review, via Google “We had a great experience working with Scott from Faber real estate group to purchase our new home. Scott was professional, knowledgeable, and responsive. He had an impressive expertise in the local market and always made us feel like a top priority. His negotiation skills were outstanding, and he took care of every detail, from arranging inspections to researching potential issues with the property. Throughout the process, Scott was patient, understanding, and went above and beyond to provide us with extra resources and options.” 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.”

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.

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.”