Posts Tagged ‘real estate market insights’

Walkability has become a top priority for many home buyers in Greater Victoria. Neighbourhoods that allow residents to walk to shops, cafes, parks, and essential services offer convenience, lifestyle benefits, and long-term real estate value. Here are some of the most walkable communities in the region and what makes them stand out. Downtown Victoria Downtown Victoria is the most walkable area in the region, offering access to restaurants, grocery stores, entertainment, offices, and the Inner Harbour within minutes. Condos and townhomes dominate the housing mix, making it ideal for buyers seeking an urban lifestyle with minimal reliance on a vehicle. James Bay James Bay combines a quiet residential feel with excellent walkability. Residents can walk to Dallas Road, Beacon Hill Park, local cafes, grocery stores, and downtown. The neighbourhood appeals to both downsizers and professionals looking for convenience without living in the city core. Fernwood Fernwood is known for its strong sense of community and character homes. The village-style centre offers coffee shops, restaurants, and local events, all within walking distance. Its proximity to downtown adds to its appeal for buyers seeking walkability and neighbourhood charm. Cook Street Village Cook Street Village offers a relaxed, community-oriented atmosphere with independent shops, cafes, and essential services. Residents enjoy easy access to Beacon Hill Park and nearby beaches, making it a highly desirable area for walkable living. Oak Bay Village Oak Bay Village is a standout for walkability outside the downtown core. With grocery stores, cafes, banks, and boutiques clustered along Oak Bay Avenue, residents can meet most daily needs on foot. The area attracts buyers looking for a village feel with strong property values. Vic West Vic West continues to grow in popularity due to its walkable access to the Galloping Goose, Westside Village, and downtown Victoria. Newer developments combined with established homes make it appealing to buyers who value connectivity and lifestyle. Esquimalt Parts of Esquimalt offer increasing walkability, especially near Esquimalt Road and the township centre. Ongoing development has improved access to shops, services, and waterfront paths, making it an attractive option for buyers looking for value and convenience. Why Walkability Matters in Real Estate Walkable communities tend to attract consistent buyer demand. Proximity to amenities reduces transportation costs, supports an active lifestyle, and enhances overall quality of life. From a real estate perspective, walkability often contributes to stronger resale appeal and long-term value. Choosing the Right Walkable Neighbourhood Each walkable community offers a different lifestyle, from urban living to village-style neighbourhoods. Understanding how walkability aligns with your daily routine and housing needs is key to choosing the right area. For buyers and sellers alike, walkable communities remain one of the most desirable features in Greater Victoria’s real estate market.   Darlene S., 5-Star Review, via Google “Great team! Scott and Cal were extremely helpful in navigating a difficult sale. Their knowledge and strategies brought a quick offer to the table. I truly appreciated their on-going communications and generosity. Have already recommended them to friends and neighbours.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Buying a home in a rapidly growing community can offer long term opportunity, but it is important to look beyond early excitement. Growth can bring improved amenities and future value when it is supported by smart planning and strong demand. Infrastructure and Planning Well managed growth starts with infrastructure. Roads, utilities, schools, and healthcare services should be expanding alongside new housing. Communities with clear long term plans tend to remain functional and desirable as they grow. Schools and Amenities Access to schools, parks, recreation, and everyday services plays a major role in livability and resale value. Areas that invest in community amenities early often maintain stronger long term demand. Housing Mix and Neighbourhood Design A healthy mix of housing types helps create balanced neighbourhoods. Walkability, green space, and proximity to amenities all contribute to how a community feels over time, not just at the point of purchase. Long Term Value and Resale Growth alone does not guarantee appreciation. Value is supported by employment access, transportation options, and lifestyle appeal. Buyers should consider whether the area will continue to attract future purchasers once development slows. Commuting and Connectivity Traffic patterns and transit options can change quickly in growth areas. Understanding both current and future transportation plans helps avoid long term inconvenience and supports daily quality of life. Lifestyle Fit Growth brings change. Choosing a community that aligns with long term lifestyle goals helps ensure satisfaction well beyond the first few years of ownership. Don Wong. 5-Star Review, via Google “I would recommend them to anyone buying real estate on the Vancouver Island. The team is very knowledgeable, courteous and professional, adding a personal touch to building a strong relationship. ” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”