Posts Tagged ‘Faber Real Estate Group’

The May 2026 Victoria real estate market is likely to feel active, balanced, and competitive in selective pockets. April gave us a useful preview: sales improved from March, inventory continued to rise, and prices remained relatively steady. That combination usually creates a market where buyers have more choice, but sellers still have opportunity if they are priced properly from day one. According to the Victoria Real Estate Board, 643 properties sold in April 2026, which was 0.2% higher than April 2025 and 11.1% higher than March 2026. Active listings reached 3,710 at the end of April, up 13.8% from March and 8.3% from April 2025. In plain terms, more homes are available, but buyers are still participating. May Should Continue to Give Buyers More Choice May is typically one of the more active months of the spring market. Based on April’s increase in active listings, buyers should expect more selection across many property types and price points. That does not mean every listing will be a deal. It means buyers may have more room to compare homes, review options, and make decisions with less pressure than they would in a tight seller’s market. For buyers, May may bring: More new listings coming to market More ability to compare similar homes Less urgency on some properties Continued competition for well-priced homes in desirable locations More negotiating room on listings that are overpriced, dated, or sitting longer The key is not simply finding the lowest price. The better strategy is finding the right combination of location, condition, price, and long-term fit. Sellers Should Expect More Competition For sellers, May will likely be less forgiving than past spring markets where limited inventory did much of the work. With more active listings available, buyers have options. That means sellers need to be realistic about pricing, presentation, and timing. A home can still sell well in this type of market, but it needs a clear strategy. In May, sellers should pay close attention to: How many competing listings are active nearby How quickly similar homes are selling Whether buyers are booking showings early Feedback after the first week on market Price adjustments from competing sellers The first two weeks matter. If a listing launches too high, buyers may wait, compare, or move on to a better-positioned property. Prices Are Likely to Stay Relatively Stable The April benchmark numbers suggest stability rather than a sharp move in either direction. The Victoria Core single family benchmark price was $1,339,100 in April 2026, down 1.2% from April 2025 but up from March. The Victoria Core condo benchmark was $558,300, down 0.8% year over year but also up from March. That pattern matters. Prices are not surging, but they are also not falling dramatically across the board. May will likely continue that trend, with stronger pricing for homes that show well and more pressure on listings that feel overpriced compared with the rest of the market. The Market Will Feel Different by Neighbourhood May will not feel the same everywhere in Greater Victoria. A well-priced family home in Saanich may attract strong attention, while a dated condo with high strata fees may move more slowly. A townhome in the Westshore may compete differently than a character home in Fairfield or a new construction condo in Langford. This is why broad market headlines can be misleading. The real story in May will come down to micro-markets. Buyers and sellers should look closely at: Property type Neighbourhood Price range Days on market Condition Strata health, if applicable Recent comparable sales The overall market may be balanced, but each segment can behave differently. What Buyers Should Do in May Buyers should use May’s inventory carefully. More choice is helpful, but it can also create second-guessing. A practical approach is to separate homes into three categories: Strong fit: good location, fair price, solid condition Possible fit: good potential, but with tradeoffs Poor fit: too much compromise for the price This helps buyers stay focused. It also makes it easier to act when the right home appears. Buyers should also be ready before viewing homes. That means having financing reviewed, understanding closing costs, and knowing which conditions matter most before writing an offer. What Sellers Should Do in May Sellers should treat May as a strategy market, not a guessing market. The best results will likely come from homes that are: Priced against current competition Clean, prepared, and easy to show Marketed with strong photos and clear positioning Adjusted quickly if feedback shows resistance Presented with confidence, but not overconfidence In a market with more inventory, buyers notice the details. Small issues can create hesitation, especially when they have other homes to compare. The Bottom Line The May 2026 Victoria real estate market should remain balanced, active, and choice-driven. Buyers may have more room to think, but strong properties will still move. Sellers may still achieve good results, but only if their pricing and presentation match current market conditions. May will reward preparation on both sides. Buyers should be ready to act when value appears. Sellers should be ready to compete from the first day on market. If you are planning to buy or sell in Greater Victoria this spring, reach out to Faber Real Estate Group for advice based on your neighbourhood, property type, and timing.   Debbie N., 5-Star Review, via Google “From start to finish, Scott and Cal were amazing to work with. I hadn't moved in nearly 22 years and going from a house to a condo was a very difficult decision, but they were amazingly patient and responsive to my needs. This team doesn't just say that they care, they actually do. I couldn't have done this without them. I would recommend them to anyone. You will be in the best hands. Thank you Faber Group!!!” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

The April 2026 Victoria real estate market gave both buyers and sellers a clearer look at what a balanced spring market can feel like. Sales activity improved from March, inventory continued to build, and prices remained fairly steady across key property types. In other words, the market is active, but it is not running away from either side. According to the Victoria Real Estate Board, 643 properties sold across the region in April 2026. That was almost unchanged from April 2025, when 642 properties sold, and up 11.1% from March 2026. Condo sales rose 5.9% year over year, with 198 units sold, while single family home sales decreased 1.2% year over year, with 331 homes sold. Inventory Is the Main Story The biggest number to watch right now is inventory. At the end of April, there were 3,710 active listings on the Victoria Real Estate Board MLS®. That was up 13.8% from March and up 8.3% compared with the end of April 2025. For buyers, this means more selection and less pressure than we saw in the strongest seller-driven markets. However, more choice does not always make the process easier. Buyers still need to compare value carefully, especially because not every listing is priced equally well. For sellers, this means competition matters. A home can still sell well, but pricing, presentation, condition, and launch strategy need to be aligned from the start. In a market with more inventory, buyers have options. If a listing misses the mark early, it may take longer to regain momentum. Prices Remained Relatively Stable The Victoria Core single family home benchmark price was $1,339,100 in April 2026. That was down 1.2% from April 2025, but up from $1,330,200 in March 2026. For condos in the Victoria Core, the benchmark price was $558,300 in April 2026. That was down 0.8% from April 2025, but also up from $553,800 in March 2026. These numbers point to a market that is not collapsing and not overheating. Instead, we are seeing a more measured environment where buyers have room to think, but well-positioned properties can still attract attention. What This Means for Buyers The April 2026 Victoria real estate market gives buyers something they have not always had in recent years: breathing room. That does not mean every buyer should wait, and it does not mean every property is negotiable. It means buyers have a better chance to compare options, review strata documents, understand neighbourhood differences, and avoid rushing into a decision simply because inventory is tight. Buyers should focus on: Comparing recent comparable sales, not just asking prices Understanding how long a property has been on the market Looking closely at condition, maintenance, and future costs Staying realistic about good homes in strong locations Using subjects and due diligence wisely where possible The best opportunities are often not the cheapest listings. They are the homes where price, condition, location, and long-term fit line up. What This Means for Sellers For sellers, April’s numbers point to a market that rewards preparation. With more active listings available, buyers are less likely to overlook issues. They are comparing finishes, floor plans, maintenance, location, pricing, and overall presentation. A home that is priced too aggressively may help competing listings look more attractive. Sellers should focus on: Pricing based on current competition, not last year’s expectations Preparing the home before photos and showings Addressing obvious maintenance concerns where practical Reviewing feedback quickly after showings Adjusting strategy early if activity is weaker than expected This is not a market where every seller needs to panic. However, it is a market where sellers need to be honest about buyer behaviour. The homes that stand out tend to have a clear strategy behind them. A Balanced Market Still Has Micro-Markets One of the most important points from April is that Greater Victoria is not one single market. A condo downtown, a family home in Saanich, a townhome in Langford, and a waterfront property in Sooke can all behave differently. Price point, property type, location, condition, and buyer demand all matter. That is why broad headlines can be misleading. A balanced market overall may still feel competitive in certain neighbourhoods, while other areas may give buyers more negotiating room. The Bottom Line The April 2026 Victoria real estate market is best described as balanced, active, and more choice-driven. Buyers have more options than they did in tighter markets, while sellers still have opportunity if they price and prepare properly. For buyers, this is a good time to be thoughtful. For sellers, this is a good time to be strategic. The market is not rewarding guesswork right now. It is rewarding clarity. If you are thinking about buying or selling in Greater Victoria, reach out to Faber Real Estate Group for local advice, current market insight, and a clear plan for your next move.   Jeff C., 5-Star Review, via Google Cal and Scott are tremendous, made our home buying and selling experience a stress free engagement.. some of the key highlights from our experience with them are: - quick to communicate, lightning fast.. within minutes! - deep expertise in the greater Victoria real estate.. from neighborhood information, developer history, even carpentry/finishing … DEEP knowledge - super friendly and encouraging They were able to deliver in very tight circumstances and we are so thankful to have worked with them. Best ones in Greater Victoria for sure” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

Home maintenance vs modern finishes is one of the most important things buyers should understand before choosing a property. A home with new countertops, fresh paint, and updated lighting can make a great first impression. However, if the roof, drainage, heating system, windows, plumbing, or structure have been ignored, the home may come with bigger costs than buyers expect. Modern finishes can make a home feel newer. Good maintenance can make a home perform better. That difference matters. Finishes Are Easy to See Most buyers notice finishes first. They see: Quartz countertops New flooring Updated cabinets Fresh paint Modern light fixtures Stylish tile Stainless steel appliances Staged furniture These details shape the emotional reaction. They help buyers picture themselves living in the home, and they can make a property feel more move-in ready. That matters, especially when buyers are comparing several homes in a short period of time. However, finishes are only one layer of the home. Maintenance Tells a Deeper Story Maintenance shows how the property has been cared for over time. A well-maintained home may not always look trendy, but it often gives buyers more confidence. It suggests the owner has paid attention to the systems that protect the home and support everyday living. Important maintenance items may include: Roof age and condition Gutters and drainage Perimeter drains Foundation condition Attic ventilation Electrical system Plumbing updates Heating and cooling systems Windows and exterior envelope Siding, decks, and railings Crawlspace or basement condition Chimneys, fireplaces, and wood stoves These features are less exciting than a new kitchen, but they can have a much larger financial impact. A Stylish Home Can Still Have Expensive Problems One of the biggest mistakes buyers make is assuming a home is in good condition because it looks updated. A renovated kitchen does not tell you whether the attic has moisture issues. New floors do not confirm that the perimeter drains are functioning. Fresh paint does not prove the electrical system is current. In some cases, cosmetic updates may even distract buyers from deferred maintenance. That is why buyers should look beyond what feels new and ask what has actually been maintained, repaired, or replaced. Maintenance Can Affect Your True Cost of Ownership The purchase price is only one part of the cost of owning a home. If major maintenance items are coming due, buyers may need to budget for large expenses after possession. For example: A roof replacement can be a major cost Drainage problems can lead to water damage Older windows may affect comfort and efficiency Aging heating systems may need replacement Poor exterior maintenance can lead to rot or envelope issues Outdated electrical or plumbing can limit renovation plans A home with dated finishes but strong maintenance may be less stressful than a home that looks beautiful but needs expensive system work. Buyers Should Ask Better Questions When viewing a home, buyers should look past the surface and ask questions that reveal the property’s condition. Helpful questions include: How old is the roof? Have the perimeter drains been serviced or replaced? What type of heating system does the home have? Has the electrical been updated? Are there records for major repairs? Have windows, siding, or decks been replaced? Are there signs of moisture, rot, or settlement? Has regular maintenance been documented? These questions help buyers understand whether the home has been cared for properly. They also help separate cosmetic appeal from long-term value. Home Inspections Matter A home inspection can help buyers identify visible issues and better understand the condition of the property. An inspection does not guarantee there are no problems. However, it can help buyers make a more informed decision, plan for future costs, and decide whether the home still fits their comfort level. For older homes in Greater Victoria, this can be especially important. Many properties have been renovated over time, and not all updates are equal. Some homes have a strong mix of character, thoughtful upgrades, and proper maintenance. Others may have cosmetic improvements layered over older systems. The difference is not always obvious during a showing. Sellers Should Not Ignore Maintenance Before Listing For sellers, modern finishes can help attract attention online, but maintenance builds confidence during the buying process. A buyer may fall in love with the photos, but the deal can become fragile if the inspection reveals preventable issues. Before listing, sellers should consider addressing obvious maintenance concerns such as: Cleaning gutters Servicing the furnace or heat pump Repairing leaks Replacing damaged caulking Fixing loose railings Addressing exterior rot Trimming vegetation away from the home Organizing receipts and service records Completing small repairs that signal care These steps may not look dramatic in photos, but they can reduce buyer hesitation. Maintenance Records Can Build Trust Documentation matters. If a seller can show receipts, permits, warranties, service records, and maintenance history, buyers often feel more comfortable. It shows the home has been cared for and helps reduce uncertainty. This can be especially useful when a home is older or has had major updates over time. Buyers do not expect every home to be perfect. However, they do want clarity. Modern Finishes Still Matter This does not mean finishes are unimportant. A well-presented home often sells better because buyers respond to spaces that feel clean, current, and easy to imagine living in. The strongest homes usually have both: Solid maintenance Thoughtful presentation However, if buyers must choose between the two, maintenance usually deserves more weight. Finishes can often be changed over time. Major repairs can be much harder, more expensive, and more urgent. Final Thoughts Home maintenance vs modern finishes is really a question of short-term appeal versus long-term confidence. Modern finishes may make a home look better today, but maintenance often determines how the home performs tomorrow. For buyers, this means looking beyond the photos and asking what has been cared for behind the scenes. For sellers, it means understanding that a well-maintained home can be just as powerful as a beautifully styled one. The best homes do not simply look good. They give buyers confidence. For advice on preparing your home for sale or evaluating a property before you buy, contact Faber Real Estate Group for clear guidance in Greater Victoria. Helen M., 5-Star Review, via Google “Cal and Scott are the best. They made it happen and made the entire process of securing my condo smooth and stress free. They were always supportive, responsive, and clearly committed to getting the right result. I am very grateful for their hard work and would highly recommend them to anyone looking for reliable, dedicated realtors.” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

Walkability in Victoria neighbourhoods is not just about being close to a coffee shop. It affects how people live day to day, how much they rely on a car, how connected they feel to their community, and how future buyers may value the home. In Greater Victoria, two homes can look similar on paper but feel completely different once you consider what is nearby. A home close to groceries, schools, parks, transit, medical services, restaurants, and waterfront paths may offer a very different lifestyle than a larger home where every errand requires driving. That is why walkability in Victoria neighbourhoods matters more in some areas than others. Walkability Changes Daily Life A walkable neighbourhood can make ordinary routines easier. Instead of planning every errand around traffic and parking, residents can walk to the grocery store, meet a friend for coffee, take the dog out, or get to a bus stop without much effort. This matters for many types of buyers: First-time buyers who want convenience and lower transportation costs Downsizers who want less driving and easier access to services Families who value parks, schools, and recreation nearby Retirees who want long-term independence Professionals who want an easier commute Investors who want locations with broad rental appeal The City of Victoria notes that walking, rolling, cycling, and public transit all support a more vibrant and sustainable city. As of 2022, 32% of trips by residents in the region to, from, and within the City were made by walking, cycling, or rolling, up from 26% in 2017. That tells us something important. Many buyers are not just shopping for a house. They are shopping for a daily routine. Walkability Matters More in Urban Neighbourhoods In neighbourhoods such as James Bay, Fairfield, Fernwood, Downtown, Vic West, Cook Street Village, and parts of Oak Bay, walkability is often part of the value. Buyers in these areas may expect to walk to cafes, parks, schools, shopping, transit, and community amenities. In these locations, a less walkable property may feel like it is missing one of the main reasons people choose the area in the first place. For example, a buyer looking in James Bay may place high value on being close to the Inner Harbour, Beacon Hill Park, grocery options, restaurants, and downtown. A buyer looking in Fairfield may care about Cook Street Village, Dallas Road, schools, parks, and the ability to live with less reliance on a car. In these neighbourhoods, walkability is not a bonus. It is often part of the lifestyle promise. Walkability May Matter Less When Buyers Prioritize Space In other parts of Greater Victoria, buyers may place more weight on lot size, square footage, garage space, privacy, newer construction, or affordability. Areas of Langford, Colwood, View Royal, Saanich, Central Saanich, and Sooke may attract buyers who are willing to drive more if they can get a larger home, a newer property, more outdoor space, or better value for their budget. That does not mean walkability does not matter. It simply means buyers may weigh it differently. A family buying in the Westshore may care more about: Bedroom count Yard space School catchment Parking Recreation access Newer construction Suite potential Commuting routes However, even in more car-oriented areas, pockets with better access to schools, trails, shops, transit, and recreation often stand out. The Best Neighbourhoods Balance Convenience and Comfort Walkability is not only about distance. It is also about comfort. A home may technically be close to services, but the route may feel unpleasant if it involves busy roads, poor sidewalks, steep hills, limited crossings, or heavy traffic. Good walkability usually includes: Safe sidewalks Comfortable crossings Nearby parks or trails Access to daily services Transit options Lower-traffic residential streets A sense of connection between homes and amenities The City of Victoria describes its transportation vision as “clean, seamless mobility for everyone” and notes that the city is working to provide safe, comfortable, and reliable transportation options for a growing number of residents, visitors, and workers. That is why buyers should think beyond a map search. A five-minute walk on a quiet tree-lined street feels very different from a five-minute walk beside fast-moving traffic. Walkability Can Affect Resale Demand When a property appeals to more people, it often has stronger long-term demand. Walkable homes can attract a wider buyer pool because they work for different stages of life. A young professional, a downsizer, a retiree, or a small family may all see value in being close to daily amenities. This is especially important in Victoria, where many buyers are lifestyle-driven. They are not only comparing bedrooms and bathrooms. They are asking: Can I walk to coffee? Can I get to the ocean or a park easily? Can I live here as I age? Will this location still appeal to future buyers? Can I reduce how often I use my car? Does this neighbourhood feel connected? The stronger the answer, the easier it can be for buyers to understand the value. Walkability Can Also Reduce Hidden Costs A less walkable home may offer more space or a lower purchase price, but buyers should consider the full lifestyle cost. More driving can mean: Higher fuel costs More vehicle wear More parking needs Longer commute times Less convenience Greater dependence on multiple vehicles For some households, those tradeoffs are worth it. For others, they slowly become a frustration. This is especially important for buyers comparing a smaller home in a central location against a larger home farther from services. The larger home may win on space, but the central home may win on time, convenience, and future flexibility. Sellers Should Understand Their Walkability Advantage For sellers, walkability should be part of the marketing story when it is a real strength. Instead of only listing nearby amenities, strong marketing should explain how those amenities improve daily life. For example: “Walk to Cook Street Village for coffee, groceries, and dining.” “Steps from parks, schools, and transit.” “Close to downtown without needing to live in the downtown core.” “Easy access to trails, recreation, and daily services.” “A practical location for buyers wanting less car dependency.” The goal is not to exaggerate. The goal is to help buyers picture the lifestyle. Buyers Should Match Walkability to Their Real Routine Before choosing a neighbourhood, buyers should think carefully about how they actually live. Ask: Where do I go every week? Do I want to walk to groceries, coffee, parks, or the ocean? How often do I commute? Will this location still work in five or ten years? Do I want more space, or more convenience? Would I rather have a larger home or an easier daily routine? The right answer is personal. Some buyers feel happiest in a central, walkable neighbourhood. Others prefer a quieter area with more space and do not mind driving. The mistake is assuming one is always better than the other. Final Thoughts Walkability matters more in some Victoria neighbourhoods because it is tied directly to lifestyle, convenience, resale demand, and long-term flexibility. In central areas, walkability often forms a major part of the neighbourhood’s appeal. In more suburban areas, buyers may prioritize space, privacy, and value, but walkable pockets can still stand out. The best choice is not always the most walkable home. It is the home where location, lifestyle, budget, and future resale value work together. For advice on comparing Victoria neighbourhoods and choosing the right location for your lifestyle, contact Faber Real Estate Group for local guidance before you buy or sell. Rosabianca Q., 5-Star Review, via Google “Zach is awesome, he is very patient and helpful with us. He walked us through the whole processing time. We are grateful with this group. Thank you” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

Once an offer is accepted, the deal is not always finished right away. The period from an accepted offer to completion day is where the important details get handled, conditions are reviewed, documents are prepared, and both the buyer and seller work toward a successful closing. For many people, this part of the process feels quiet from the outside. In reality, a lot is happening behind the scenes. First, the Contract Becomes the Roadmap After an offer is accepted, the Contract of Purchase and Sale sets out the key dates and obligations. This usually includes: The accepted purchase price Deposit details Subject removal deadline Completion date Possession date Adjustment date Included items Any special terms or conditions The contract becomes the guide for what happens next. Buyers, sellers, real estate agents, mortgage brokers, inspectors, strata managers, lawyers, and notaries may all be involved depending on the property and contract terms. The Home Buyer Rescission Period May Apply In BC, many residential purchases are subject to the Home Buyer Rescission Period. This gives buyers three business days after acceptance to rescind the contract, with a rescission fee of 0.25% of the purchase price if they choose to do so. Weekends and holidays do not count as business days. This is separate from subject conditions. It is also not something buyers or sellers can simply waive under the standard Home Buyer Rescission Period rules. For sellers, this means an accepted offer may still carry some short-term uncertainty. For buyers, it provides a brief period to reconsider the decision, but it should not replace proper due diligence. Subject Conditions Are Reviewed If the offer includes subject conditions, this is usually the most active part of the process. Common buyer subjects may include: Financing approval Home inspection Strata document review Insurance approval Title review Sale of the buyer’s existing home Lawyer or notary review During this stage, the buyer works through the conditions written into the contract. If the buyer is satisfied, they remove subjects in writing by the deadline. If they are not satisfied and the contract allows it, they may choose not to remove subjects. This is where timelines matter. A buyer should not wait until the last minute to arrange financing, inspections, insurance, or strata document review. The Deposit Is Paid Once subjects are removed, the deposit is usually due according to the terms in the contract. The deposit is commonly held in trust by the buyer’s brokerage or another agreed-upon party. It forms part of the purchase price at completion. For buyers, this is a meaningful step because the deal is typically firm once subjects are removed. For sellers, this provides more confidence that the transaction is moving forward. Lawyers and Notaries Begin the Closing Work After the deal becomes firm, the conveyancing process begins. In BC, conveyancing is the legal and administrative process required to transfer ownership from the seller to the buyer. BCREA notes that this process is required to complete real estate transactions in BC and involves coordination between real estate professionals, lawyers, and notaries. The buyer’s lawyer or notary may review: Title Mortgage instructions Property transfer documents Statement of adjustments Insurance requirements Funds required to complete The seller’s lawyer or notary may handle: Mortgage discharge Sale proceeds Transfer documents Statement of adjustments Payouts and closing costs This is also when buyers should make sure their down payment funds are accessible and ready well before completion. The Statement of Adjustments Is Prepared The statement of adjustments accounts for costs that need to be divided between the buyer and seller. These may include: Property taxes Strata fees Rent, if applicable Utilities or local service charges Other prepaid or outstanding items The adjustment date is usually tied to when the buyer takes financial responsibility for the property. This helps make sure each party pays only for the portion of expenses that applies to their ownership period. Buyers Arrange Insurance and Final Financing Before completion, buyers usually need home insurance in place. If there is a mortgage, the lender will often require proof of insurance before releasing funds. For strata properties, buyers may also need to review the strata corporation’s insurance and arrange their own condo insurance. This is a key step that should not be left until the final day. Insurance issues can delay closing if they are not handled early. Sellers Prepare to Move Out For sellers, the time between acceptance and completion is about staying organized. This often includes: Confirming moving dates Cancelling or transferring utilities Preparing keys, fobs, remotes, and documents Leaving the home in the agreed-upon condition Removing items not included in the sale Coordinating final cleaning If possession is the same day as completion, timing can feel tight. If possession is the day after completion, the seller may have a bit more flexibility. Completion Day Transfers Ownership Completion day is when legal ownership transfers from the seller to the buyer in exchange for the purchase price. BCFSA explains that the completion date is stated in the Contract of Purchase and Sale, and this is the day legal ownership changes hands. On completion day, the buyer’s lawyer or notary sends funds, the seller’s lawyer or notary handles payouts, and the transfer is registered. Buyers do not usually receive keys the moment funds move. Key release depends on completion being confirmed and the possession terms in the contract. Possession Day Is When the Buyer Gets Control Completion and possession are not always the same day. BCFSA explains that possession is the day the buyer can move in or take control of the property, and it may be different from the completion date. For example: Completion may happen on Thursday Possession may happen on Friday at noon Adjustment may also be Friday This structure gives time for funds to clear, ownership to transfer, and the seller to move out properly. Why This Period Matters So Much The accepted offer gets the deal started. Completion day finishes it. The period between the two is where risk gets reduced, expectations get clarified, and the details get handled. A smooth closing usually comes from clear timelines, strong communication, and early preparation. For buyers, this means taking due diligence seriously before subjects are removed. For sellers, this means understanding that the deal still needs to move through conditions, legal work, and completion before it is truly finished. The better each side understands the process, the fewer surprises there are. Final Thoughts An accepted offer is an important milestone, but it is not the finish line. Between an accepted offer and completion day, there are several steps that protect both the buyer and seller. Subjects need to be handled, deposits need to be paid, lawyers and notaries need to prepare documents, financing must be finalized, and possession details need to be clearly understood. If you are buying or selling in Greater Victoria, having the right guidance during this stage can make the process feel much more manageable. For advice on buying, selling, or preparing for completion day in Greater Victoria, contact Faber Real Estate Group for clear guidance through each step of the process.   Liam G., 5-Star Review, via Google “The real estate market felt daunting, especially when it was our first time entering it. But, working with Scott made the whole process so much easier. He was really excellent at asking questions, showing us a variety of places, and helping us narrow down exactly what we were looking for. Scott was flexible, never pushy, and I really felt supported by him throughout! He made a big difference in helping us find THE place and we couldn’t do it without him. I can’t wait to work with Scott again in the future!” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

Trying to compare two homes can feel harder than expected when both seem like strong options. One may have the better layout. The other may have the better location. One might feel more emotional, while the other makes more practical sense. That is where buyers can get stuck. The goal is not always to find the “perfect” home. Often, the better goal is to decide which home supports your lifestyle, budget, and long-term plans with the fewest unnecessary compromises. Start With Your Daily Life, Not the Listing Photos A home can show beautifully and still not fit how you actually live. Before comparing finishes, square footage, or staging, ask how each home would affect your normal routine. Think about your commute, school drop-offs, grocery trips, parking, pets, hobbies, guests, work-from-home needs, and weekend lifestyle. A good home should not just impress you during a showing. It should make everyday life easier. Ask yourself: Which home fits our daily routine better? Which location will we appreciate more six months from now? Which home solves the problems we were trying to fix by moving? Which compromises will become annoying over time? Sometimes the better home is not the one that feels more exciting. It is the one that reduces friction in your life. Separate Emotional Value From Market Value Emotion matters in real estate. You are not buying a spreadsheet. You are buying the place where your life will happen. However, emotion should not be the only deciding factor. When you compare two homes, look at each one through three lenses: Personal valueHow well does it fit your lifestyle, needs, and future plans? Market valueDo recent comparable sales support the price? Risk valueAre there repairs, strata concerns, location issues, layout problems, or resale limitations? A home that scores well in all three areas is usually a stronger choice than one that only wins emotionally. Compare the Trade-Offs Clearly Every home has trade-offs. The mistake is pretending they do not exist. One home may offer more space but a longer commute. Another may offer a better neighbourhood but less yard. One may be move-in ready, while the other may need updates but offer better long-term upside. Write the trade-offs down side by side. Compare: Location Price Monthly carrying costs Condition Layout Outdoor space Parking Storage Renovation needs Strata rules, if applicable Future resale appeal Neighbourhood growth or change This helps shift the decision from “Which one do I like more?” to “Which one makes more sense for the life I am trying to build?” Think About Resale Before You Buy Even if you plan to stay for years, resale should still matter. Life changes. Jobs change. Families grow. Priorities shift. A home that works today should also have broad appeal later. When comparing two homes, consider which one future buyers may prefer. Look at location, layout, natural light, parking, school catchments, walkability, noise, strata health, outdoor space, and renovation potential. A quirky feature may feel charming now, but could narrow your buyer pool later. A slightly less exciting home with stronger fundamentals may be easier to sell when the time comes. Do Not Let Small Differences Distract From Big Ones Buyers often get caught comparing details that can be changed, while overlooking things that cannot. Paint colour, light fixtures, cabinet hardware, and landscaping can usually be improved. Location, lot position, natural light, ceiling height, parking, and layout are harder to change. When two homes feel close, separate the fixed features from the flexible ones. Fixed features matter more because they shape long-term value and livability. Use the “Regret Test” This is one of the simplest ways to compare two homes. Ask yourself: “If we bought Home A and Home B sold to someone else, how would we feel?” Then reverse the question. “If we bought Home B and Home A sold to someone else, how would we feel?” Your answer may reveal which home you are more attached to. However, take it one step further. Ask whether that attachment is based on practical fit or short-term emotion. The right choice should feel both exciting and grounded. Know When to Walk Away From Both Sometimes two good options still do not mean either one is the right option. If both homes require you to stretch too far, ignore major concerns, or compromise on your true needs, it may be better to pause. More choice can create pressure, but pressure should not replace good judgement. A disciplined buyer is not just someone who knows when to act. A disciplined buyer also knows when to wait. Final Thoughts When you compare two homes, the best decision usually comes from slowing the process down and looking at lifestyle, value, risk, and resale with clear eyes. The right home should not only feel good during the showing. It should support your life after possession day, protect your budget, and make sense for your long-term plans. If you are deciding between two homes and want a clear second opinion, contact Faber Real Estate Group for advice tailored to your goals, budget, and preferred neighbourhoods. Bokz V., 5-Star Review, via Google “Thank you Cal and Scott for helping us to find our home. Excellent service highly recommended.” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Downsizing in Victoria is rarely just about moving into a smaller home. For most homeowners, it is a bigger life transition that includes timing, finances, lifestyle changes, and a lot of emotion. That is why downsizing in Victoria works best when it is planned strategically, not rushed at the last minute. In Greater Victoria, this conversation matters for a growing share of homeowners. The region has an older population profile, and that makes downsizing a practical next step for many households who want less maintenance, more flexibility, and a home that fits the next season of life more comfortably. Why downsizing feels bigger than people expect On paper, downsizing can sound simple. Sell the current home, buy something smaller, and move on. In real life, it often includes questions like: Should we sell first or buy first? Are we moving to a condo, townhome, or smaller detached home? What happens to all the things we have collected over the years? How much equity will we actually free up? Will the new home make life easier, or just different? That is why downsizing decisions are rarely only financial. They are practical and emotional at the same time. Start with the reason behind the move Before looking at listings, get clear on why you want to downsize now. For some homeowners, the reason is maintenance. A large yard, stairs, or ongoing repairs no longer feel worth it. For others, it is financial clarity, a desire to travel more, or a plan to simplify daily life. Your reason matters because it shapes the type of home you should buy next. For example: If you want less work, a well-run strata may make sense. If you want privacy and flexibility, a smaller detached home may still be the better fit. If you want walkability, your location may matter more than square footage. If you want to unlock equity, budget and monthly costs need closer attention than style. A smart downsizing plan starts with the lifestyle goal, not just the floor plan. Understand what you are giving up and what you are gaining A lot of people focus only on what they are losing when they downsize. Less space. Less storage. Less yard. Fewer rooms. That is only half the story. Strategic downsizing can also mean: less cleaning and upkeep lower utility and maintenance costs fewer physical demands more lock-and-leave freedom a better location for the way you live now more accessible day-to-day living The move feels much more positive when you measure what improves, not just what shrinks. Know your numbers before you make decisions This is where strategy matters most. Before you commit to a move, understand: what your current home could realistically sell for what type of property fits your next stage what your total closing and moving costs will be whether monthly strata fees change the equation how much equity you want to keep available after the move In Victoria, affordability pressure remains high, even when market conditions become more balanced. That means downsizers still need clear, realistic numbers rather than broad assumptions. More inventory may create more choice, but it does not remove the need for disciplined planning. Decide whether to sell first or buy first This is one of the biggest choices in the downsizing process. Selling first may make more sense if: you want certainty on budget you do not want to carry two homes you are comfortable with temporary housing if needed you want less financial pressure while shopping Buying first may make more sense if: you need a very specific type of home you have enough flexibility to manage overlap you want to avoid feeling rushed after selling you have financing options that support the transition There is no one-size-fits-all answer. The right order depends on your finances, your flexibility, and how quickly suitable replacement properties come up in your preferred areas. Choose the next home based on future fit A common downsizing mistake is choosing a smaller version of the current home instead of choosing a home that better fits the next chapter. That means asking better questions: Will this home still work in five to ten years? How many stairs are involved? Is the layout comfortable for everyday living? How close are groceries, health care, and daily errands? If it is a strata, how healthy is the building and council? Does the home support convenience, not just appearance? The best downsizing move is not always the prettiest one. It is the one that feels easier to live in. Give yourself more time than you think you need Downsizing almost always takes longer than homeowners expect. That is not because the real estate side must move slowly. It is because sorting possessions, making decisions, and adjusting emotionally takes time. Build room for: decluttering donations and disposal conversations with family repair decisions before listing viewing homes without pressure legal and financial planning move logistics The people who feel most in control during a downsizing move are usually the ones who started earlier than they thought necessary. Be realistic about what to keep One of the hardest parts of downsizing is not selling the home. It is deciding what comes with you. A strategic way to handle that is to sort items into four groups: essential for the next home meaningful and worth keeping useful but replaceable ready to donate, gift, or discard This helps turn an emotional process into a practical one. It also makes home preparation easier. A decluttered home usually shows better, feels larger, and creates a smoother move later. Pay attention to strata and monthly lifestyle costs For many downsizers in Victoria, the next move involves a condo or townhome. That can be a smart shift, but it changes the cost structure. Instead of just looking at purchase price, review: strata fees insurance differences parking and storage special assessment risk pet rules rental restrictions if flexibility matters depreciation reports and meeting minutes A lower-maintenance home is only truly lower stress if the building itself is well managed. Think of downsizing as a transition plan, not a transaction This is where many moves either feel smooth or feel chaotic. A good downsizing plan coordinates: sale timing purchase timing financial planning move support decluttering timeline possession dates backup plans if one side moves faster than the other When these pieces are handled separately, the move feels heavy. When they are built into one clear plan, the process feels much more manageable. A simple strategic downsizing framework Step 1: Define the goal Know why you are moving and what you want life to feel like afterward. Step 2: Review the financial picture Understand sale value, purchase range, carrying costs, and net proceeds. Step 3: Choose the next-home criteria Focus on lifestyle fit, location, layout, and long-term ease. Step 4: Prepare the current home early Declutter, simplify, and decide what improvements are actually worth doing. Step 5: Build the timing plan Map out sell-first versus buy-first, possession dates, and fallback options. Step 6: Move with margin Give yourself enough time so decisions stay thoughtful, not reactive. Final thoughts Downsizing in Victoria should not feel like a forced step backward. Done well, it is a strategic move toward a home that fits your life better, lowers your stress, and gives you more control over what comes next. If you are thinking about downsizing and want a plan built around timing, lifestyle, and the realities of the Victoria market, contact Faber Real Estate Group for clear advice on your next move.   Laura T., 5-Star Review, via Google “Scott has been a pleasure. He is informative, kind, friendly and he has been there to answer all my questions, even when I had to bother him on the weekend. If you're looking for a Realtor, I would highly recommend Scott. He's the best out there!” 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.”

Buyers and sellers market perspective can be completely different, even when both are looking at the same listings, the same sales, and the same local conditions. A buyer may feel prices are still too high. A seller may feel they are already being realistic. A buyer may see more choice and expect negotiation. A seller may remember what homes sold for last year and expect a similar result. Both sides can be partly right. That is what makes real estate emotional. The market is the same, but the experience is different depending on which side of the transaction you are on. In Greater Victoria, where micro-markets can shift by property type, neighbourhood, price range, and condition, understanding this difference can help buyers and sellers make better decisions. Buyers Focus on What They Can Choose Today Buyers usually judge the market based on what is available right now. They compare active listings, price reductions, days on market, condition, location, and value. If they have more homes to choose from, they often feel more patient. They may book several showings, compare options closely, and wait to see if sellers adjust. Buyers tend to ask: What else can I buy for this price? Has this home been sitting? Are there better options nearby? Can I negotiate? Will another listing come up soon? Is this worth the monthly payment? What repairs or upgrades will I need to pay for? A buyer’s view is shaped by choice. If they see multiple homes that feel similar, urgency drops. If they see one rare property that fits their needs perfectly, urgency rises. Sellers Focus on What They Own Sellers see the market through a different lens. They know the work they have put into the home. They remember the renovations, repairs, family milestones, neighbourhood improvements, and the price they were told the home might be worth. Sellers often ask: What did nearby homes sell for? What have we invested into the property? How much do we need for our next move? Why is our home not getting more attention? Why are buyers being so cautious? Are buyers undervaluing the property? Should we wait for a better offer? A seller’s view is shaped by attachment, timing, and financial goals. That does not mean sellers are unrealistic. It means they are emotionally and financially connected to the property in a way buyers are not. Buyers Compare Options. Sellers Compare Outcomes. This is one of the biggest differences. Buyers compare available options. Sellers compare expected outcomes. A buyer may look at three similar homes and choose the one that feels like the best value. A seller may look at a recent sale nearby and believe their home should sell for the same amount. Both comparisons matter, but they are not the same. Sold data shows what buyers were willing to pay in the recent past. Active competition shows what buyers are considering today. If the market has changed, relying only on past sales can create pricing problems. If buyers ignore recent sales completely, they may underestimate fair market value. The best strategy looks at both. Sellers Remember the Peak. Buyers Feel the Payment. Sellers often remember the highest values they heard about during stronger market periods. Buyers often focus on current affordability. This creates tension. A seller may think, “Homes like mine were selling for more before.” A buyer may think, “With today’s mortgage payment, this price does not feel affordable.” Neither side is necessarily wrong. They are just measuring value differently. Sellers often think in terms of price. Buyers often think in terms of monthly cost, repairs, risk, and future flexibility. That is why a home can seem reasonably priced to a seller and still feel expensive to a buyer. More Inventory Changes Buyer Behaviour When buyers have more options, they usually become more selective. They may expect: Better presentation Sharper pricing More complete information Cleaner homes Flexible showing access Stronger negotiation room More time to make decisions For sellers, this can feel frustrating. A seller may think the home should sell because it is good enough. But buyers may compare it against several other homes that are also good enough. In a market with more choice, average homes can get overlooked unless they are clearly priced, presented, and marketed well. Sellers Feel Time Differently Than Buyers Time feels different depending on which side of the transaction you are on. For buyers, time can feel helpful. More time means more listings, more comparison, and less pressure. For sellers, time can feel stressful. More days on market can create doubt, reduce momentum, and make buyers wonder whether something is wrong. This difference affects negotiation. A buyer may think, “The longer it sits, the more leverage we have.” A seller may think, “We just need the right buyer.” Sometimes both are true. But the longer a listing sits without meaningful activity, the more important it becomes to re-evaluate pricing, presentation, and competition. Condition Looks Different to Each Side Sellers often see improvements. Buyers often see future costs. A seller may think about the renovated bathroom, newer flooring, or updated appliances. A buyer may notice the older roof, aging windows, dated electrical panel, or drainage concerns. This is not because buyers are trying to be difficult. Buyers are calculating what ownership will cost after completion. They may be thinking about: Immediate repairs Insurance Renovation costs Maintenance Strata fees Future resale Monthly affordability Emergency savings A seller may see pride of ownership. A buyer may see a list of upcoming expenses. Good marketing and preparation help close that gap by showing buyers what has been done, what is in good condition, and what value the home offers. Buyers Price in Risk Buyers often reduce what they are willing to pay when they sense uncertainty. That uncertainty may come from: Limited property information Deferred maintenance Unclear permits Weak strata documents High strata fees Poor inspection results Awkward layout Busy road exposure Future development nearby Longer days on market Sellers may see these as small issues. Buyers may see them as reasons to negotiate. This is why transparency matters. When buyers understand a property clearly, they can make stronger decisions. When they feel uncertain, they usually either discount the price or walk away. Sellers Price in Emotion Sellers naturally attach meaning to their home. They remember what the home has meant to them, not just what it offers to the next buyer. That emotional connection can make it harder to accept market feedback. A buyer’s lower offer may feel insulting. A showing with no feedback may feel personal. A price reduction may feel like losing value. But the market is not judging the seller’s memories. It is judging the property’s current appeal compared with other options. That distinction is important. A home can be loved and still need a price adjustment. Negotiation Feels Different on Each Side Buyers often see negotiation as risk management. Sellers often see negotiation as value protection. A buyer may ask for a lower price because they see repairs, uncertainty, or competing options. A seller may resist because they feel the home is worth more or because they need a certain number for their next step. This can create a gap. The best negotiations focus on facts: Comparable sales Active competition Property condition Inspection results Days on market Buyer demand Seller timing Terms beyond price When both sides move away from emotion and toward evidence, the conversation becomes more productive. A Balanced Market Can Feel Different to Everyone A balanced market does not mean every buyer and seller feels balanced. A seller with a highly desirable home in a low-supply neighbourhood may still experience strong demand. A buyer shopping in a competitive price range may still face pressure. A seller with a dated home competing against newer options may feel the market is slow. A buyer shopping a higher price point with more inventory may feel they have leverage. This is why broad market labels can be misleading. There is no single Greater Victoria market experience. There are many smaller markets happening at the same time. Why Expectations Matter Many real estate problems begin with mismatched expectations. Sellers may expect: More showings Faster offers Less negotiation Higher prices Buyers to overlook minor issues Buyers may expect: Big discounts Perfect condition Sellers to negotiate quickly More leverage than they actually have Every listing to be overpriced Both sides can misread the market when they rely on assumptions instead of evidence. The better approach is to ask, “What is the current market telling us?” What Sellers Can Do Sellers can improve their position by focusing on what they can control. That includes: Pricing based on current competition Preparing the home properly Making showings easy Using strong photography and marketing Reviewing feedback honestly Responding quickly when activity slows Understanding buyer affordability Separating personal attachment from market value A seller does not need to give the home away. But they do need to compete with the homes buyers can choose today. What Buyers Can Do Buyers can improve their position by staying realistic. That includes: Understanding recent comparable sales Watching active competition Knowing when a home is truly well priced Avoiding low offers without a strategy Getting financing ready early Considering resale value Understanding repair costs Acting decisively when the right home appears More choice does not mean every seller is desperate. A buyer still needs to recognize quality when it appears. The Market Does Not Care Who Is Right Real estate decisions get better when buyers and sellers stop trying to prove who is right and start looking at what the market is actually doing. If a listing is getting strong showings and offers, the market is responding. If buyers are not booking showings, the market is hesitating. If similar homes are selling and yours is not, the market is making a comparison. If a buyer keeps losing homes, the market may be stronger than they think. The market gives feedback. The best decisions come from listening to it. Final Thoughts Buyers and sellers see the same market differently because they are experiencing different pressures. Buyers are trying to protect affordability, avoid risk, and choose wisely. Sellers are trying to protect value, manage timing, and move forward with confidence. Neither side is wrong for seeing the market through their own lens. But the best results happen when both sides understand the other perspective and make decisions based on evidence, not emotion. If you are buying or selling in Greater Victoria and want a clearer view of what the market is really saying, contact Faber Real Estate Group for practical advice tailored to your next move.   Scott L., 5-Star Review, via Google “I had the pleasure of working with the Faber Group to sell my house, and I couldn't be more pleased with the experience. Cal and Scott from the Faber Group provided exceptional service from start to finish. Their expertise and guidance were instrumental in preparing my home for sale, ensuring it was presented in the best possible light for maximum return on investment. They demonstrated a deep understanding of the market, strategically timing the listing to attract the right buyers." 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.”

Custom homes can be harder to price because they do not always fit neatly into the market around them. Unlike a standard subdivision home, a custom-built property may have a unique layout, higher-end materials, unusual design choices, special views, extra land value, or features that only appeal to a smaller group of buyers. That does not mean custom homes are worth less. In many cases, they can command a premium. However, pricing them requires more judgement because the value is not always obvious from recent sales alone. Comparable Sales Are Not Always Perfect Most home pricing starts with comparable sales. A REALTOR® looks at similar properties that recently sold in the same area and compares size, condition, location, lot, age, and features. With custom homes, this process gets harder. Two homes may look similar on paper but feel completely different in person. For example: One may have a high-end kitchen, custom millwork, and premium windows. Another may have the same square footage but a dated layout. One may sit on a private, usable lot. Another may have steep land, limited parking, or awkward outdoor space. Because of this, the value of a custom home often comes from the full package, not just the number of bedrooms, bathrooms, or square feet. Design Choices Can Help or Hurt Value Custom homes often reflect the taste and lifestyle of the original owner. That can be a strength, but it can also narrow the buyer pool. A home with timeless design, thoughtful storage, natural light, and strong indoor-outdoor flow may attract broad interest. However, a home with highly specific finishes, unusual room layouts, or bold architectural choices may appeal to fewer buyers. This is where sellers need to be careful. The cost to build something is not always the same as the resale value. A feature may have been expensive, but buyers may not assign the same value to it if it does not fit how they want to live. Replacement Cost Does Not Equal Market Value Many sellers look at what it would cost to rebuild their home today and assume that should set the price. Replacement cost matters, especially with rising construction costs, but buyers still compare the property to other options available on the market. A buyer may ask: What else can I buy in this price range? Is this home move-in ready? Does the layout work for my family? Is the land usable? Are the finishes current? Will this be easy to resell later? A custom home may be expensive to recreate, but market value depends on what buyers are willing to pay now. Location Still Carries the Most Weight Custom features can add value, but location remains one of the biggest pricing factors. A beautifully built home in a less convenient location may not attract the same demand as a simpler home in a highly desirable neighbourhood. In Greater Victoria, buyers often weigh: Proximity to schools, parks, beaches, and trails Commute times to Victoria, UVic, CFB Esquimalt, or the Westshore Walkability and access to amenities Privacy, outlook, and sun exposure Neighbourhood consistency and resale confidence The best custom home pricing strategy considers both the home and the setting around it. Buyers May Need More Education A standard home is easier for buyers to understand quickly. A custom home often needs more explanation. For example, buyers may not immediately recognize the value of: Structural upgrades Energy-efficient systems Custom cabinetry High-quality windows and doors Radiant heating Superior insulation Site preparation Drainage work Architectural planning Landscaping and outdoor living spaces This is why marketing matters. A custom home should not be listed with generic descriptions and basic photos. The listing needs to explain what makes the home different and why those differences matter. Appraisals Can Be More Complicated Custom homes can also create challenges during financing. If there are limited comparable sales nearby, an appraiser may need to make larger adjustments. That can create a gap between the seller’s expected value, the buyer’s offer price, and the lender’s appraised value. This is another reason pricing should be grounded in evidence. A strong pricing strategy should include comparable sales, current competition, replacement-cost context, buyer demand, and a clear explanation of the home’s unique features. Overpricing a Custom Home Can Be Risky Because custom homes are unique, some sellers assume they should “test the market” at a higher price. That can work in rare cases, but it can also backfire. If the price is too high, buyers may not engage. The home can sit, showings may slow, and the listing can start to feel stale. Once that happens, even strong properties can lose momentum. A better approach is to price within a realistic range, then let the marketing tell the story. The goal is not just to prove the home is special. The goal is to create enough buyer confidence to generate action. How to Price a Custom Home Strategically A strong pricing process should look at more than the last few sales. It should include: Recent comparable sales, even if imperfect Active competition Buyer behaviour in the current market Lot quality and privacy Build quality and finish level Layout and functionality Replacement-cost context Resale appeal Neighbourhood demand Current inventory levels Custom homes are harder to price because they require both data and judgement. The numbers matter, but so does understanding how buyers will experience the home. Final Thoughts When pricing a custom home, the question is not only, “What did it cost to build?” The better question is, “How will today’s buyers compare this home to every other option they have?” That is where strategy matters. A custom home needs the right price, the right positioning, and the right explanation. When those pieces work together, buyers can better understand the value and sellers can make more confident decisions. For guidance on pricing a custom-built or unique property in Greater Victoria, contact Faber Real Estate Group for a thoughtful, market-informed strategy. Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”

For many buyers, living outside of town can feel like the practical answer. Prices may be lower, homes may be larger, and the pace can feel calmer. However, the pros and cons of living outside of town deserve a closer look before making the move. A home is not only a purchase price. It is also a daily lifestyle choice. The Pros of Living Outside of Town 1. More Space for the Money Buyers often look farther from the core because they can find more home, more yard, or a newer property within the same budget. This can be especially appealing for families, pet owners, remote workers, or anyone who wants extra room to grow. 2. A Quieter Lifestyle Outside-town living can offer more privacy, less traffic noise, and a slower pace. For some buyers, that peace is worth more than being close to downtown. 3. Better Access to Nature Many communities outside the urban core offer easier access to trails, lakes, beaches, parks, and outdoor recreation. That lifestyle can be a major reason people choose areas like the Westshore, Sooke, Metchosin, or the Peninsula. 4. Strong Long-Term Appeal As Greater Victoria grows, some outside-town areas continue to attract buyers who want space and relative affordability. If infrastructure, amenities, and transportation improve, long-term demand can strengthen. The Cons of Living Outside of Town 1. Longer Commutes The biggest trade-off is usually time. A longer drive can affect mornings, evenings, childcare, school routines, and overall flexibility. Even if the commute seems manageable during showings, it may feel different after several months. 2. Higher Transportation Costs Living farther out can increase fuel costs, vehicle wear and tear, insurance use, parking needs, or the need for a second vehicle. A lower mortgage payment may not feel as low once transportation costs are included. 3. Fewer Nearby Amenities Some areas have fewer restaurants, shops, medical services, recreation options, or transit routes nearby. That does not matter to every buyer, but it can affect day-to-day convenience. 4. Resale Can Depend on Market Conditions When the market is active, buyers may stretch farther for space. When the market slows, some buyers refocus on convenience, walkability, and commute time. That means resale demand can vary more by location, property type, and local amenities. The Smart Way to Decide Before buying outside of town, compare the full lifestyle cost, not just the purchase price. Ask yourself: How often will I commute? Will we need another vehicle? How close are schools, parks, stores, and services? Will this location still work in five years? How broad will the resale buyer pool be? Final Thought The pros and cons of living outside of town come down to trade-offs. You may gain space, privacy, and value, but you may give up time, convenience, and some resale flexibility. The right choice is not about town versus outside town. It is about which location supports your life, budget, and long-term plans best. If you are comparing neighbourhoods across Greater Victoria and want help weighing lifestyle, commute, and resale value, contact Faber Real Estate Group for local guidance. Doug F., 5-Star Review, via Google “The way the sale/transaction/personal service of this Firm is 100%. They returned calls promptly, got me information when asked and even helped me move heavy furniture with a smile.” Faber Real Estate GroupRoyal LePage Coast Capital Realty📞 250-244-3430📧 [email protected]ℹ️ Scott Faber Personal Real Estate Corporationℹ️ Cal Faber Personal Real Estate CorporationVanessa Wood, Zachary Parsons, and Sophie Taylor“Building Lasting Relationships, One Home at a Time.”