Posts Tagged ‘Greater Victoria housing market’

Every year, the spring real estate market brings a noticeable increase in activity. New listings rise, more buyers begin touring homes, and conversations about moving seem to happen everywhere at once. While homes sell throughout the year, spring has historically been the busiest season in real estate. Many buyers and sellers intentionally wait for this period because it tends to offer more opportunity, visibility, and confidence compared with other times of the year. Understanding why this seasonal pattern exists can help you decide whether waiting for spring is the right strategy or if moving earlier could give you an advantage. Why Sellers Often Wait for the Spring Real Estate Market For homeowners considering selling, the spring real estate market offers several advantages that can make the process feel more favourable. 1. More Buyers Are Actively Searching Spring is when many buyers begin their serious home search. Several factors contribute to this surge in activity: Warmer weather makes viewing homes easier and more enjoyable. Families planning a move often want to complete a purchase before the next school year. Buyers who paused their search during the winter holidays return to the market. When more buyers are looking at the same time, sellers often feel more confident listing their property. 2. Homes Tend to Show Better Spring can also make a property look more appealing. Gardens and landscaping begin to bloom. Natural light improves interior spaces. Outdoor areas such as patios and yards become more inviting. First impressions matter in real estate. When a home shows well both inside and outside, it can attract more interest and stronger offers. 3. Perception of Higher Sale Prices Many homeowners believe the spring real estate market brings stronger prices. In active years, increased buyer demand can create competitive situations. While pricing always depends on local supply and demand, spring often delivers: Higher showing activity More comparable sales for pricing guidance A perception of market momentum These factors can encourage sellers to list when they believe the market is most active. Why Buyers Also Wait for the Spring Real Estate Market Interestingly, the same factors that motivate sellers also influence buyers. 1. More Listings to Choose From Inventory typically increases in the spring. After a slower winter period, many homeowners decide to list their properties once the weather improves. For buyers, this means: More neighbourhood options More property types available Less pressure to buy the first home they see Having more selection can make the buying process feel more comfortable. 2. Easier Scheduling for Showings and Moving Weather plays a practical role in real estate decisions. Spring makes it easier to: Attend open houses Schedule property tours Move without worrying about winter conditions For families relocating or coordinating multiple schedules, this can be a significant factor. 3. Financial Planning After the New Year Many buyers spend the early part of the year reviewing finances. By spring, they may have: Completed mortgage pre-approvals Filed tax returns Saved additional down payment funds This preparation often leads to a surge in serious buyers entering the market between March and June. The Reality: Spring Is Competitive While the spring real estate market offers advantages, it also comes with increased competition. Buyers may face: Multiple-offer situations Faster decision timelines More competition for desirable homes Sellers, on the other hand, may find that more listings appear at the same time, which means their property must stand out. Market timing alone does not guarantee success. Pricing strategy, preparation, and marketing remain the most important factors. Why Some People Move Before Spring Interestingly, some of the best opportunities can occur just before the spring rush. For example: Buyers may face less competition in late winter. Sellers who list early can capture motivated buyers who are already searching. Serious buyers often start their search months before the peak season. In markets like Greater Victoria, conditions can shift quickly depending on inventory levels and interest rates. Recent data from the Victoria Real Estate Board shows that inventory and buyer activity fluctuate throughout the year, meaning opportunities exist in every season. This is why strategic timing, rather than simply waiting for spring, often leads to the best results. The Takeaway The spring real estate market remains the most active time of year because it brings together motivated buyers, increased listings, and favourable weather conditions. These factors create a sense of momentum that encourages many people to make their move. However, waiting for spring is not always the best strategy. In some cases, entering the market earlier can mean less competition and stronger negotiating power. If you are considering buying or selling in Greater Victoria and want to understand how seasonal timing could affect your plans, reach out to Faber Real Estate Group for guidance tailored to your goals and the current market. David M., 5-Star Review, via Google “Scott was a fantastic realtor—hardworking, knowledgeable, and truly dedicated to his clients. His expertise and great connections made the entire process smooth and stress-free. He went above and beyond to ensure everything was taken care of, and I couldn’t be happier with the results. I highly recommend Scott to anyone looking for a realtor.” 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 Greater Victoria real estate market continued to show signs of stability and steady activity in February 2026. According to the Victoria Real Estate Board, 465 properties sold across the region, representing a 37.2 percent increase from January, though still 11.9 percent lower than February 2025. While year-over-year comparisons show some moderation, the strong month-to-month growth indicates that buyers are returning to the market as we move toward the spring season. Inventory is also expanding, giving buyers more options than they have seen in recent years. Active listings rose to 2,903 properties, up 10.6 percent from January and 10.4 percent higher than the same time last year. For many buyers and sellers, this signals a shift toward a more balanced real estate environment where neither side holds a dramatic advantage. Local REALTOR® Scott Faber notes that the Victoria market continues to behave differently than many larger Canadian markets. “There’s a lot of noise coming out of Vancouver and Toronto,” Scott Faber says. “However, our market here is very stable and resilient compared to other markets across Canada.” Insights for Buyers For buyers entering the market this spring, the increased inventory is creating more breathing room to explore options and make thoughtful decisions. With nearly three thousand active listings available, buyers can take time to compare homes, neighbourhoods, and property types more carefully than they could during the intense competition of previous years. Scott Faber explains that condominiums may offer particular opportunity right now. “If you’re a buyer looking for a condo this spring, this is definitely a good time to explore those options,” Scott Faber says. “Especially for downsizers or first-time homebuyers, there’s a lot of choice available and mortgage rates have come down significantly compared to last year.” However, the single-family home segment remains competitive in certain price ranges. Scott Faber notes that homes under $1.2 million with suites are attracting strong demand, particularly in areas like Saanich and Langford. “One of our listings had 18 showings within two weeks,” Scott Faber says. “And we’ve been in multiple-offer situations on several homes under a million dollars, some with suites and some without.” Because of this continued competition in certain segments, preparation remains critical. “If you’re looking for a single-family home, get prepared with a mortgage pre-approval and talk to your real estate professional so you’re ready to act,” Scott Faber advises. Insights for Sellers For sellers considering entering the market this spring, the February activity provides an important takeaway: preparation and presentation matter more than ever. While buyers have more inventory to choose from, homes that are properly priced and move-in ready are still attracting strong interest and selling quickly. Properties that are not show-ready, however, may take longer to move in a market where buyers have more choice. Scott Faber sees this trend clearly when working with clients. “When a home is priced to sell and it’s move-in ready, buyers are moving quickly,” Scott Faber says. “But the homes that aren’t show-ready or require significant updates tend to sit longer because buyers simply have more options right now.” For sellers, this makes professional strategy essential. “I always recommend choosing a professional real estate team that understands how to position your home properly in today’s market,” Scott Faber says. “If your home is well-appointed, marketed correctly, and priced appropriately, you’re going to have a good experience selling.” Market Outlook Looking ahead to the spring market, Greater Victoria appears to be entering a period of stability rather than volatility. The benchmark price for a single-family home in the Victoria Core is now $1,307,400, a modest 0.9 percent decrease from last year, though prices have increased since January. Condominiums show a similar pattern, with a benchmark value of $545,600, down slightly year-over-year but rising month-over-month. Scott Faber believes these numbers reflect a market that is finding its balance. “What we’re seeing right now is a balanced market,” Scott Faber says. “We’re not seeing the large supply increases that some people expected, and when the market is balanced it creates great opportunities for both buyers and sellers.” As the spring market approaches, activity is expected to continue building. Buyers will likely benefit from increased inventory, while sellers who prepare their homes properly can still capture strong demand. Final Thoughts February’s data and on-the-ground experience point to a clear conclusion: the Greater Victoria real estate market remains steady, resilient, and balanced. Buyers now have more options and greater confidence as prices stabilize and inventory expands. Sellers, meanwhile, can still achieve excellent results when their homes are positioned correctly in the marketplace. For those considering a move this year, understanding these local dynamics is critical. If you are thinking about buying or selling in Greater Victoria, connect with Scott Faber and the Faber Real Estate Group for personalized guidance and expert insight into today’s market opportunities. 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.”

If you are buying a home in British Columbia, you may wonder what does a real estate lawyer do and why their role is essential. While your Realtor negotiates the contract and your lender arranges financing, your lawyer handles the legal transfer of ownership and ensures the transaction closes properly. Here is a clear breakdown of their role in the home buying process. Reviewing the Contract Once you have an accepted offer, your lawyer reviews the Contract of Purchase and Sale. They confirm key details such as: • Legal property description• Purchase price and deposit• Completion and possession dates• Included and excluded items If something does not align legally or financially, they flag it early. Conducting a Title Search One of the most important answers to what does a real estate lawyer do is this: they protect you from hidden legal issues. Your lawyer conducts a title search through the Land Title Office to confirm: • The seller has legal ownership• There are no unexpected liens or judgments• Registered charges, easements, or covenants are disclosed This ensures you receive clear title on completion. Coordinating With Your Lender Your mortgage lender sends instructions directly to your lawyer. The lawyer: • Prepares mortgage documents• Registers the lender’s charge on title• Ensures funds are transferred correctly Without this coordination, the lender will not release mortgage funds. Preparing Closing Documents Before completion, you will meet with your lawyer or notary to sign documents. These include: • Property transfer forms• Mortgage documents• Tax declarations• Adjustments statements Your lawyer calculates adjustments for property taxes, strata fees if applicable, and utilities. This ensures each party pays their fair share as of the completion date. Registering the Transfer On completion day, your lawyer: • Transfers purchase funds to the seller’s lawyer• Registers the property in your name• Registers the mortgage on title Only after registration is complete does ownership officially transfer. Explaining Closing Costs Your lawyer provides a detailed statement of adjustments outlining: • Property Transfer Tax• Legal fees• Title registration fees• Disbursements They ensure you understand the financial breakdown before closing. Lawyer vs Notary in BC In British Columbia, both real estate lawyers and notaries can handle standard residential closings. Lawyers may be preferable if the transaction involves: • Estate sales• Complex title issues• Divorce or separation matters• Corporate ownership structures For straightforward purchases, either professional can complete the process efficiently. Why Their Role Matters Understanding what a real estate lawyer does helps buyers appreciate how much legal protection is built into the process. They safeguard your funds, verify ownership, register your title, and ensure compliance with provincial requirements. Without this step, the transaction cannot legally close. The Bottom Line A real estate lawyer ensures your purchase is legally sound, financially accurate, and properly registered. Their work happens mostly behind the scenes, but it is critical to protecting one of your largest investments. If you are preparing to buy in Greater Victoria and want recommendations for trusted real estate lawyers or notaries, reach out anytime and we would be happy to connect you with experienced professionals. Lena N., 5-Star Review, via Google “I have worked with Scott and Zach on my listing and it has been a pleasure to work with both diligent and professional agents. They have been communicative and friendly as buyers agents. Hope to do more collaboration and deals with you both in the near 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

If you are considering Gordon Head real estate, this neighbourhood guide will help you evaluate whether it fits your goals. Located in Victoria, Gordon Head offers strong appeal for families and steady fundamentals for investors. With excellent schools, proximity to the university, and access to beaches and parks, Gordon Head real estate continues to attract long-term demand. Where Is Gordon Head? Gordon Head sits northeast of downtown Victoria, bordered by oceanfront parks and established residential streets. It is minutes from University of Victoria, which significantly shapes the local housing market. The neighbourhood features primarily detached homes, along with townhomes and secondary suites. Many properties sit on larger lots, and some offer ocean views. Why Families Choose Gordon Head Gordon Head has long been a top choice for families. Here is why: 1. Strong Schools The area includes well-regarded public schools such as: Gordon Head Middle School Lambrick Park Secondary School Access to quality education remains a key driver of Gordon Head real estate demand. 2. Parks and Outdoor Access Families benefit from nearby green space and waterfront access, including: Mount Douglas Park Cadboro-Gyro Park These amenities support an active lifestyle and add long-term value to properties in the area. 3. Safe, Established Streets Gordon Head is primarily residential, with quiet roads and mature landscaping. Many homes were built between the 1960s and 1990s, offering functional layouts and renovation potential. Why Investors Target Gordon Head From an investment standpoint, Gordon Head real estate offers several advantages. 1. University-Driven Rental Demand Proximity to the University of Victoria creates consistent demand for rental housing. Investors often purchase homes with suites or convert existing space to maximize rental income. 2. Stable Property Values Gordon Head has historically demonstrated resilient pricing compared to more volatile condo-heavy areas. Detached homes on larger lots tend to hold value well during market shifts. 3. Redevelopment and Upside Potential As housing demand increases across Greater Victoria, larger lots in established neighbourhoods become more attractive. Buyers seeking long-term appreciation often prioritize areas like Gordon Head for this reason. Housing Types and Price Considerations Most of the housing stock consists of: Detached single-family homes Homes with secondary suites Townhouses near main corridors Entry price points are typically higher than condo-focused neighbourhoods, but rental potential and lot value often justify the investment. For families, this means space and long-term stability. For investors, it means diversified income opportunities. Is Gordon Head Right for You? If you are seeking strong schools, outdoor amenities, and long-term property stability, Gordon Head real estate deserves serious consideration. Families benefit from community infrastructure, while investors gain access to reliable rental demand tied to the university. If you would like to explore current Gordon Head real estate opportunities or discuss whether this neighbourhood aligns with your goals, reach out to start the conversation. Michael F., 5-Star Review, via Google “We recently had the pleasure of working with Cal and Scott Faber, a remarkable father-son real estate team, to sell our premium family home and purchase a smaller, downsized property in an awesome neighbourhood. Their experience and guidance were invaluable in both pricing and strategizing the timing of our sale. The professionalism of their photography and marketing video team was unparalleled, making us feel like celebrities on an episode of MTV Cribs, they showcased our home in the best possible light at different times of the day. This attention to detail truly highlighted the features we loved about our home and revealed the value to our 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.”

The Westshore vs Saanich East debate is becoming more common as buyers explore Greater Victoria’s suburban options. Both areas offer strong lifestyle benefits, established amenities, and access to nature, but they appeal to different priorities and budgets. Understanding how Colwood and the broader Westshore compare to Saanich East can help buyers make confident real estate decisions. Lifestyle and Community Feel When comparing Westshore vs Saanich East, lifestyle is often the biggest deciding factor. The Westshore, including Colwood, Langford, and View Royal, tends to offer a newer suburban feel. Many neighbourhoods feature modern developments, growing commercial hubs, and easy access to parks, lakes, and oceanfront spaces. Communities like Royal Bay and Olympic View emphasize outdoor living, family-friendly planning, and newer infrastructure. The Westshore is especially attractive to buyers looking for newer homes, expanding amenities, and a slightly more relaxed suburban atmosphere. Saanich East offers a more established and mature neighbourhood experience. Areas such as Gordon Head, Cadboro Bay, and Mt. Douglas feature tree-lined streets, established schools, and proximity to the University of Victoria. Many buyers are drawn to Saanich East for its strong sense of community, long-standing neighbourhood character, and central location within Greater Victoria. Housing Prices and Property Types Housing costs remain a major factor in the Westshore vs Saanich East comparison. The Westshore generally provides more attainable entry points into the market. Buyers often find newer condos, townhomes, and detached houses at lower average price points compared to Saanich East. Larger homes, newer construction, and family-oriented developments are often more accessible in Colwood and Langford, making the Westshore popular with first-time buyers and move-up families. Saanich East typically commands higher price points due to its established neighbourhoods, proximity to downtown Victoria, and strong school catchments. Many homes in Saanich East are older but situated on larger, mature lots. Buyers often choose Saanich East for long-term stability, central convenience, and neighbourhood prestige. Amenities and Convenience Amenities play a significant role when evaluating Westshore vs Saanich East living. The Westshore continues to expand its commercial and recreation offerings. Belmont Market, Westshore Town Centre, and the Royal Bay Commons development provide growing retail, dining, and service options. Recreation opportunities are abundant, including hiking, beaches, golf courses, and lakes. The Westshore is also seeing increased mixed-use developments that integrate housing with everyday amenities. Saanich East benefits from long-established infrastructure and highly regarded public services. Residents enjoy close access to the University of Victoria, Camosun College, and several major recreation centres. Cadboro Bay Village and Broadmead Village provide boutique shopping and community-focused services. Saanich East also offers quicker access to downtown Victoria and Oak Bay, which appeals to buyers prioritizing central convenience. Commute and Accessibility Commute time is another major consideration in the Westshore vs Saanich East decision. Westshore residents commuting into downtown Victoria or Saanich East typically face longer travel times, particularly during peak traffic hours. However, continued road improvements and expanding local employment opportunities are helping reduce reliance on commuting for many residents. Saanich East offers shorter and more predictable commute times to downtown Victoria, major employment centres, and post-secondary institutions. This central positioning is often a major advantage for professionals and university staff or students. Long-Term Investment and Market Trends Both regions offer strong long-term real estate potential. The Westshore continues to benefit from population growth, new construction, and expanding infrastructure. These factors support steady demand and long-term appreciation potential. Saanich East remains one of Greater Victoria’s most stable and consistently desirable housing markets. Limited land availability and strong neighbourhood reputation help support property values and long-term resale strength. Which Suburb Is Right for You? Choosing between The Westshore vs Saanich East debate is becoming more common as buyers explore Greater Victoria’s suburban options. Both areas offer strong lifestyle benefits, established amenities, and access to nature, but they appeal to different priorities and budgets. Understanding how Colwood and the broader Westshore compare to Saanich East can help buyers make confident real estate decisions. Lifestyle and Community Feel When comparing Westshore vs Saanich East, lifestyle is often the biggest deciding factor. The Westshore, including Colwood, Langford, and View Royal, tends to offer a newer suburban feel. Many neighbourhoods feature modern developments, growing commercial hubs, and easy access to parks, lakes, and oceanfront spaces. Communities like Royal Bay and Olympic View emphasize outdoor living, family-friendly planning, and newer infrastructure. The Westshore is especially attractive to buyers looking for newer homes, expanding amenities, and a slightly more relaxed suburban atmosphere. Saanich East offers a more established and mature neighbourhood experience. Areas such as Gordon Head, Cadboro Bay, and Mt. Douglas feature tree-lined streets, established schools, and proximity to the University of Victoria. Many buyers are drawn to Saanich East for its strong sense of community, long-standing neighbourhood character, and central location within Greater Victoria. Housing Prices and Property Types Housing costs remain a major factor in the Westshore vs Saanich East comparison. The Westshore generally provides more attainable entry points into the market. Buyers often find newer condos, townhomes, and detached houses at lower average price points compared to Saanich East. Larger homes, newer construction, and family-oriented developments are often more accessible in Colwood and Langford, making the Westshore popular with first-time buyers and move-up families. Saanich East typically commands higher price points due to its established neighbourhoods, proximity to downtown Victoria, and strong school catchments. Many homes in Saanich East are older but situated on larger, mature lots. Buyers often choose Saanich East for long-term stability, central convenience, and neighbourhood prestige. Amenities and Convenience Amenities play a significant role when evaluating Westshore vs Saanich East living. The Westshore continues to expand its commercial and recreation offerings. Belmont Market, Westshore Town Centre, and the Royal Bay Commons development provide growing retail, dining, and service options. Recreation opportunities are abundant, including hiking, beaches, golf courses, and lakes. The Westshore is also seeing increased mixed-use developments that integrate housing with everyday amenities. Saanich East benefits from long-established infrastructure and highly regarded public services. Residents enjoy close access to the University of Victoria, Camosun College, and several major recreation centres. Cadboro Bay Village and Broadmead Village provide boutique shopping and community-focused services. Saanich East also offers quicker access to downtown Victoria and Oak Bay, which appeals to buyers prioritizing central convenience. Commute and Accessibility Commute time is another major consideration in the Westshore vs Saanich East decision. Westshore residents commuting into downtown Victoria or Saanich East typically face longer travel times, particularly during peak traffic hours. However, continued road improvements and expanding local employment opportunities are helping reduce reliance on commuting for many residents. Saanich East offers shorter and more predictable commute times to downtown Victoria, major employment centres, and post-secondary institutions. This central positioning is often a major advantage for professionals and university staff or students. Long-Term Investment and Market Trends Both regions offer strong long-term real estate potential. The Westshore continues to benefit from population growth, new construction, and expanding infrastructure. These factors support steady demand and long-term appreciation potential. Saanich East remains one of Greater Victoria’s most stable and consistently desirable housing markets. Limited land availability and strong neighbourhood reputation help support property values and long-term resale strength. Which Suburb Is Right for You? Choosing between Westshore vs Saanich East ultimately depends on your priorities. Buyers seeking newer homes, family-focused planning, and more attainable pricing often gravitate toward Colwood and the Westshore. Buyers prioritizing central location, established neighbourhoods, and long-term neighbourhood stability often prefer Saanich East. Both communities offer exceptional lifestyle benefits and strong real estate fundamentals. The right choice comes down to how you balance commute, budget, home style, and neighbourhood character. If you are considering buying in either the Westshore or Saanich East, contact us to discuss your options and find the neighbourhood that best fits your lifestyle and home search goals. Shannon R., 5-Star Review, via Google It was a pleasure to work with Scott Faber and Faber Real Estate Group. When I started looking for my first home in August 2021, I had some pretty specific requirements. Scott is a really knowledgeable Agent who also took the time to understand what I was looking for. I never felt pressured into making a decision that wasn't my own, but always valued his honest opinion and guidance when needed. It took close to 9 months, but we found a great place that checked all the boxes, that I'm excited to call home.. I appreciate the whole team's effort, support and patience throughout this journey and as a first time home buyer I could not be happier with my experience with Faber Real Estate Group.” 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.”

Greater Victoria continues to evolve as population growth, housing demand, and infrastructure investment shape how the region develops. Understanding where future growth is planned can help buyers, homeowners, and investors make informed long term decisions. Westshore Communities The Westshore remains one of the primary growth areas in Greater Victoria. Langford and Colwood continue to see new residential communities, mixed use developments, and commercial expansion. Planned infrastructure improvements, additional schools, and expanding amenities support continued population growth while improving livability. These areas attract buyers seeking newer housing options, relative affordability, and access to both urban convenience and outdoor recreation. Urban Core and Transit Oriented Growth In the City of Victoria and surrounding core municipalities, growth is increasingly focused on higher density development near major transit routes and employment centres. Condos, purpose built rentals, and mixed use projects are planned to support housing demand while limiting urban sprawl. Transit oriented growth helps improve walkability, reduce commute times, and create complete communities where residents can access daily needs without relying heavily on vehicles. Saanich and Established Neighbourhood Intensification Saanich plays a key role in Greater Victoria’s future growth through targeted intensification rather than large scale expansion. Development is often focused along major corridors, village centres, and underutilized commercial areas. This approach allows established neighbourhoods to evolve gradually while preserving community character and improving access to housing close to schools, services, and parks. Infrastructure and Employment Hubs Future growth is closely tied to infrastructure investment and employment centres. Improvements to transportation networks, health care facilities, post secondary institutions, and commercial districts influence where housing demand will remain strong. Areas that combine residential growth with nearby employment opportunities tend to offer stronger long term stability and reduced commuting pressure. Long Term Planning and Livability Across Greater Victoria, growth is guided by official community plans that emphasize sustainability, housing diversity, and livability. Green space preservation, improved transportation options, and community amenities are key priorities as municipalities plan for the future. Understanding these long term plans helps buyers choose areas that align with both lifestyle goals and future value.   Brett Hayward, 5-Star Review, via Google “I can’t suggest how to make Fabers better at being good realtors. They’re already congenial, trustworthy, informed, experienced, and thorough. Cal listened and advised, and somewhere in the middle he said what the condo would sell for and he was right on. Thanks!” 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 2026 Greater Victoria real estate market entered the year in a noticeably more balanced position. Inventory is higher year-over-year, sales remain seasonally soft, and prices are largely stable, with variation by neighbourhood and property type. Buyers have real choice again. Sellers who price realistically are still seeing solid outcomes. January 2026 Snapshot (VREB) Sales: 339 properties sold region-wide 19.7% fewer than January 2025 7.6% fewer than December 2025, consistent with winter trends Active Listings: 2,624 at month-end Up 3.1% from December Up 9.6% year-over-year Market Balance: Sitting on the line between balanced and buyer-friendly, depending on the neighbourhood Benchmark Prices at a Glance Victoria Core Single-family: $1,265,500 Down 2.5% year-over-year Slight uptick from December, signalling price stability Condos: $537,800 Down 1.5% year-over-year The most stable segment in the market Westshore Single-family benchmarks are not broken out monthly Langford, Colwood, and View Royal posted modest gains through 2025 Relative affordability and newer housing stock continue to support demand Saanich (East & West) Generally stable pricing Family-oriented neighbourhoods like Gordon Head, Broadmead, and Royal Oak are holding value well Data source: VREB MLS® Home Price Index, February 2026 release What This Means So Far The broader trend from 2025 into early 2026 is clear. Core Victoria single-family homes softened modestly over the past year. The Westshore posted small gains, supported by family demand and newer inventory. Saanich continues to act as the steady middle ground. What Buyers Can Expect in 2026 More selection, especially early in the yearInventory levels are the highest seen in several years. Expect more choice and slightly longer days on market across most areas. Stable pricing with room to negotiateCore Victoria single-family benchmarks are holding in the $1.25M to $1.3M range. The Westshore continues to offer the best value for buyers seeking detached homes. Condos remain buyer-friendlyCondos are still the most accessible entry point for first-time buyers and downsizers, with stable pricing and ample selection. Westshore continues to lead for growth and valueLangford, Colwood, View Royal, Westhills, and Royal Bay offer newer builds, family amenities, and long-term upside. Saanich delivers lifestyle and schoolsNeighbourhoods like Gordon Head, Cadboro Bay, Broadmead, and Royal Oak continue to command premiums. Inventory is tighter, so well-prepared homes still sell quickly when priced correctly. Rates and external factors matter, but less dramaticallyMortgage rate stability or modest Bank of Canada cuts would support confidence. The market has returned to normal seasonal patterns rather than urgency-driven behaviour. Bottom Line for 2026 The 2026 Greater Victoria real estate market is healthy and sustainable. Buyers have more choice than at any point since 2021, prices are not falling sharply, and demand remains steady in well-located neighbourhoods. If you are planning to buy this year, the first half of 2026 offers one of the strongest windows we have seen in recent years, particularly in the Westshore and select areas of Saanich. If you would like to discuss your options or explore opportunities in your target neighbourhood, feel free to reach out anytime. Noel A., 5-Star Review, via Google “My partner and I had a great experience with Scott and the Fabers with our first home purchase. Scott answered all questions we had and helped guide us to make the right purchase that fit our lifestyle. Would highly recommend the Fabers!” 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.”

Victoria remains a top destination for people relocating to British Columbia in 2026. Mild weather, ocean views, and a relaxed pace draw families, professionals, and retirees. The city blends urban amenities with natural beauty, and balanced market conditions make settling in more approachable than peak boom years. Interprovincial migration continues to fuel growth. Many arrive from Alberta, Ontario, and other provinces seeking better quality of life and milder climates. Military Moves: CFB Esquimalt and Beyond CFB Esquimalt serves as a major hub for the Royal Canadian Navy on the West Coast. Thousands of military personnel, families, and civilians relocate here each year through postings or career moves. Key perks include: On-base housing options or priority access to local rentals Support services like the Military Family Resource Centre Proximity to schools, healthcare, and recreation tailored for families Many choose neighbourhoods like Esquimalt, View Royal, or nearby Saanich for shorter commutes. Real estate agents familiar with military relocations (like Cal Faber) can help navigate timelines, allowances, and buyer programs. Interprovincial Migration Trends Canadians from across the country keep moving to Vancouver Island. Lower housing pressure compared to Vancouver, combined with job growth in tech, government, healthcare, and defence, supports this flow. Newcomers often cite: Affordable options in suburbs like Langford or Colwood Strong schools and family-friendly communities Access to outdoor activities year-round In 2026, the market offers more inventory than recent years, giving buyers better negotiation room. Lifestyle Perks That Make Victoria Special Victoria delivers a high quality of life. Enjoy: Temperate weather with average highs around 15-22°C in summer and mild winters Walkable downtown, Inner Harbour, and vibrant food scene Nearby parks, beaches, hiking trails, and cycling paths Cultural events, festivals, and proximity to UVic and Camosun College Outdoor enthusiasts love whale watching, kayaking, and golfing. Families appreciate safe neighbourhoods and excellent public schools. Housing and Cost Considerations Single-family homes and townhomes continue to be in high demand across the region. While benchmark prices in some core neighbourhoods dipped modestly last year, buyer interest remains strong in family-oriented areas. For many newcomers, condos and townhomes still offer the most accessible entry points into the market. Rental conditions remain competitive, although vacancy rates have improved slightly. Expect higher costs in sought-after neighbourhoods such as Oak Bay or Fairfield, but more affordable options can be found in growing areas like the Westshore. To avoid surprises, use official resources to review school catchments and zoning requirements early in your search. Final Thoughts Relocating to Victoria, BC  offers a rewarding change. Military families benefit from CFB Esquimalt support, interprovincial movers find welcoming communities, and everyone enjoys the island lifestyle. Start by researching neighbourhoods that match your needs. Feel free to reach out to our team for current listings, market insights, and personalized guidance. Victoria welcomes newcomers and rewards those who make the move.   Brett Hayward, 5-Star Review, via Google “I can’t suggest how to make Fabers better at being good realtors. They’re already congenial, trustworthy, informed, experienced, and thorough. Cal listened and advised, and somewhere in the middle he said what the condo would sell for and he was right on. Thanks!” 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.”

A first showing is often about first impressions. A second home showing, however, is where buyers gain clarity. This visit allows you to move past surface appeal and focus on whether the home truly works for you. How the Home Really Functions At a second showing, buyers tend to slow down. You notice room flow, storage, and how spaces connect. This is the time to picture daily routines, furniture placement, and whether the layout supports your lifestyle. Details You May Have Missed Small issues often stand out on a return visit. Look closely at finishes, windows, doors, and flooring. You may also notice signs of wear, moisture, or deferred maintenance that were easy to overlook the first time. Light, Noise, and Neighbourhood Feel Seeing the home at a different time of day can change your perspective. Pay attention to natural light, street noise, nearby activity, and privacy. These factors affect comfort long after move in day. Questions and Follow Ups A second home showing is ideal for asking targeted questions about age of systems, upgrades, utilities, or strata details. It also helps confirm whether the property still feels right once emotions settle. A second home showing provides confidence. It helps buyers confirm their decision, identify concerns early, and move forward with an offer based on clarity rather than impulse.   Michael F., 5-Star Review, via Google “Cal and Scott exceeded our expectations in every way. They were always available to answer our questions and address any concerns immediately, providing exceptional support throughout the entire process. Their dedication and expertise made the selling and buying experience seamless and stress-free. ” 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.”

Low-maintenance living has become a growing priority for today’s home buyers. Whether driven by lifestyle changes, aging in place, or a desire for simplicity, more people are choosing homes that reduce upkeep and free up time. This shift is influencing both housing design and buying decisions across many markets. Why Buyers Are Prioritizing Low-Maintenance Living Many buyers want to spend less time on chores and more time on work, travel, family, or hobbies. Larger yards, older systems, and constant repairs no longer appeal to everyone. Instead, buyers are looking for homes that offer convenience, efficiency, and predictability in ongoing costs. Low-maintenance living is especially appealing to downsizers, busy professionals, and retirees. However, it is also gaining traction with younger buyers who value flexibility and a lock-and-leave lifestyle. Popular Low-Maintenance Housing Options Several property types support low-maintenance living. Condos and townhomes remain top choices due to exterior maintenance and landscaping often being handled by strata or homeowners’ associations. Newer builds also attract buyers because they typically include modern materials, updated systems, and energy-efficient features that require fewer repairs. Smaller single-family homes with compact yards are another option. These homes provide privacy without the burden of extensive outdoor maintenance. Design Features That Reduce Upkeep Homes designed for low-maintenance living often include durable flooring, simple landscaping, and energy-efficient windows and appliances. Open floor plans can also reduce cleaning time and make spaces easier to manage. As a result, functionality often takes priority over excess space. How This Trend Is Shaping the Market The demand for low maintenance living is influencing both developers and sellers. Builders are focusing on practical layouts and long-lasting materials, while sellers are highlighting ease of upkeep as a key selling feature. In competitive markets, low-maintenance living can give a property a clear advantage. Is Low Maintenance Living Right for You? Choosing low-maintenance living depends on your priorities and long-term plans. If flexibility, predictable expenses, and reduced responsibility matter to you, this lifestyle may be a strong fit. As housing preferences continue to evolve, low-maintenance living is likely to remain an important trend for buyers at every stage of life.   Demetrios T., 5-Star Review, via Google “Scott and Cal Faber were exceptional to work with. They were professional, patient, and incredibly informative throughout the entire process. They took the time to walk me through every step, which made the typically stressful experience of moving so much easier. Their knowledge of real estate is second to none, and their guidance gave me complete confidence in my decisions. I highly recommend both Scott and Cal to anyone looking for trusted, knowledgeable, and supportive realtors.” 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.”