Posts Tagged ‘Vancouver Island real estate’

The Sidney BC housing market outlook points to stability rather than sharp swings. Current assessments suggest modest value increases of roughly 2 to 3 percent for both single-family homes and condos, reflecting steady demand in this coastal community. Why Assessed Values Are Rising Slowly Sidney’s housing stock is mature and largely built out. Limited new supply helps support values, but a balanced resale market keeps growth measured. For 2026, modest assessment increases signal a market that is healthy, not overheated. Coastal Appeal Drives Consistent Demand Sidney’s waterfront setting, walkable downtown, and proximity to the airport and ferries continue to attract buyers. Retirees, downsizers, and lifestyle-focused purchasers remain active, which helps sustain demand even during broader economic shifts. Condos and Single-Family Homes Stay Aligned Both housing types are seeing similar assessment trends. Condos remain popular with downsizers and part-time residents, while single-family homes benefit from limited inventory and long-term ownership patterns. What This Means for Homeowners and Buyers A 2 to 3 percent assessed value increase does not automatically mean higher property taxes. Taxes depend on how your home compares to others locally. For buyers, Sidney offers predictability and long-term value rather than rapid appreciation. Bottom Line The Sidney, BC housing market outlook suggests modest value gains supported by lifestyle demand and limited supply. For homeowners and buyers alike, Sidney continues to offer stability in a changing market.   Don S., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

For buyers considering Langford, Colwood, or View Royal, one question comes up again and again: is the Westshore commute worth it? The Westshore continues to attract buyers with more attainable pricing, larger homes, and access to nature. In a balanced 2026 market with higher inventory and stable prices, many buyers are weighing commute time against lifestyle benefits. The answer depends largely on how you work, travel, and spend your time. Traffic Reality in 2026 For those commuting by car, traffic remains the biggest drawback. Highway 1 is the main route into downtown Victoria, and congestion during peak hours can significantly extend drive times. What should be a short commute can stretch to 45 minutes or more on busy mornings. Growth in the Westshore has outpaced infrastructure, creating bottlenecks that are still being addressed. While improvements such as bridge upgrades and dedicated bus lanes have helped, traffic remains inconsistent. Buyers who drive daily need to factor this into their routine, especially if they work standard office hours. That said, proximity matters. Homes closer to Highway 1 or transit corridors in Colwood and View Royal can offer slightly more predictable travel times. Public Transit as an Alternative For buyers looking to avoid driving, public transit continues to improve. BC Transit’s Blink RapidBus provides frequent service between the Westshore and downtown, using dedicated lanes to reduce delays. During peak hours, buses arrive often enough to support daily commuting. Transit works especially well for students, downtown workers, and households with flexible schedules. However, some routes can still feel crowded, and transit times may not suit everyone. While transit is a viable option, it works best when paired with realistic expectations. Remote and Hybrid Work Changes the Equation Work-from-home and hybrid schedules have reshaped the Westshore commute conversation. In 2026, many buyers no longer travel five days a week. Even commuting two or three days instead of five significantly reduces the impact of traffic. This shift has made the Westshore more appealing for professionals in tech, government, and remote-friendly roles. For buyers with flexible work arrangements, the commute often becomes a manageable trade-off rather than a daily frustration. Space, Value, and Lifestyle Benefits What the Westshore lacks in proximity to downtown, it makes up for in space and value. Buyers typically get larger homes, newer construction, and better value per square foot compared to Victoria’s core neighbourhoods. Communities like Westhills and Bear Mountain offer planned developments with parks, trails, and amenities built in. Access to nature is a major draw, with nearby options like the Galloping Goose Trail, Goldstream Park, and Florence Lake supporting an active lifestyle year-round. For families and outdoor-focused buyers, these lifestyle benefits often outweigh longer travel times. Pros and Cons at a Glance Pros More affordable homes with larger layouts Strong access to parks, trails, and outdoor recreation Improved transit options and remote work flexibility High inventory and buyer leverage in 2026 Cons Traffic congestion during peak hours Longer drives to downtown amenities Ongoing infrastructure pressure as the area grows Bottom Line So, is the Westshore commute worth it? For buyers prioritizing space, affordability, and lifestyle, the answer is often yes, especially with hybrid or remote work. For those who value short commutes and walkable urban living, the trade-offs may feel more significant. In a 2026 market that favours buyers, the Westshore offers real value if the commute fits your routine. If you are considering Langford or Colwood, understanding how these factors align with your lifestyle is key to making the right move. Ready to explore options in Langford or Colwood? Contact us to discuss how these factors play into your home search. Don S., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Victoria BC zoning laws play a major role in how properties can be used, renovated, or redeveloped. If you are buying or selling in Victoria, understanding zoning helps you avoid surprises and identify long-term opportunities. At its core, zoning shapes how neighbourhoods evolve over time. These rules determine not only what exists today, but also what may be possible in the future, making zoning knowledge especially valuable in a changing market. What Zoning Laws Do To manage growth and land use, zoning laws set clear parameters for development. They outline how land can be used and what can be built, helping balance housing needs with neighbourhood character. Specifically, zoning bylaws divide land into defined categories. Each zone establishes rules around permitted uses, building height, density, setbacks, and parking. Some zones allow only detached homes, while others permit duplexes, townhomes, or small multi-unit buildings. In Victoria, these rules are governed through the Zoning Bylaw 2018 alongside the older Zoning Regulation Bylaw. Together, they apply to residential, commercial, and mixed-use areas across the city. Main Zoning Types in Victoria Understanding the main zoning categories helps clarify what is allowed in different areas of the city. Residential zones cover single-family homes, multi-family housing, and mixed residential uses. Recent updates have focused on increasing density through small-scale multi-unit housing rather than high-rise development. Beyond residential areas, commercial zones allow retail, offices, and services, often combined with residential units in central locations. Industrial zones support manufacturing and warehouse uses and are typically located away from residential neighbourhoods. There are also special zones for institutional, agricultural, and park-related uses. Recent Zoning Changes to Know In recent years, provincial housing policies have significantly reshaped Victoria BC zoning laws for 2026. Many lots that once allowed only one home now permit up to four or six units, depending on lot size and proximity to transit. These changes are designed to increase housing supply while maintaining livable communities. As a result, zoning in Victoria’s core now encourages infill and gentle density. In contrast, growing areas closer to the Westshore are seeing zoning that supports larger developments and transit-oriented housing. How Zoning Affects Buyers and Sellers These zoning rules have practical implications for buyers, sellers, and investors. For buyers, zoning determines future options such as adding a suite or building additional units. For sellers, more flexible zoning can increase buyer interest and perceived value. From an investment perspective, zoning directly influences rental potential, redevelopment feasibility, and long-term returns. Because of this, zoning should always be reviewed early in the decision-making process. Before moving forward, confirm zoning details with the City of Victoria, especially if future development or expansion is part of your plan. Bottom Line Victoria BC zoning laws are designed to support growth while balancing community needs. Understanding how zoning works gives buyers, sellers, and investors a clearer picture of what a property can offer today and what it may offer in the future. This information is for educational purposes only. Always verify zoning with the City of Victoria before proceeding.   Shane B.,  5-Star Review, via Google “The last few months navigating this crazy real estate market has been a rollercoaster, and we couldn’t have done it without the Faber Real Estate Team! Scott was extremely helpful, positive and always available. Under a tight timeline we were able to get our condo on the market and sell right away, to be available for any housing opportunity. Scott was patient and helpful throughout the entire process of searching for houses, and went above and beyond to help us finally land an accepted offer on the perfect home. Thank you Scott and the Faber Real Estate Team!” 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 Saanich Peninsula continues to attract buyers looking for value, lifestyle, and long-term stability. In 2026, balanced market conditions have created opportunities across Sidney, North Saanich, and Central Saanich, particularly for buyers willing to look beyond core Victoria. Saanich Peninsula real estate benefits from limited land supply, strong community appeal, and steady demand tied to retirees, families, and downsizers. Sidney: Walkability and Coastal Appeal Sidney remains one of the Peninsula’s most popular markets, especially for downsizers and retirees. Why buyers focus here: Walkable downtown with shops, cafes, and waterfront access Strong condo and townhome inventory relative to other Peninsula areas Consistent demand that supports long-term value In 2026, pricing remains more approachable than Oak Bay or Fairfield, particularly for condominiums. For buyers seeking lifestyle and convenience, Sidney continues to represent solid value within Saanich Peninsula real estate. Central Saanich: Balance of Space and Accessibility Central Saanich appeals to buyers who want more space without sacrificing proximity. Key advantages include: Larger lots and family-oriented neighbourhoods Easy access to Sidney, Brentwood Bay, and Victoria A mix of single-family homes, townhomes, and newer developments Value plays often emerge in older homes with cosmetic upgrade potential. For long-term buyers, Central Saanich offers flexibility and stability. North Saanich: Acreage and Long-Term Holding Value North Saanich remains the Peninsula’s acreage market. What defines North Saanich: Larger rural properties and estate-style homes Limited development and strong zoning protections Appeal to buyers prioritizing privacy and long-term ownership While price points are higher, North Saanich real estate often compares favourably to similar acreage markets closer to Victoria. In a balanced 2026 market, patient buyers may find negotiation opportunities. Where the Best Value Plays Appear in 2026 Across the Peninsula, value often shows up in: Condos and townhomes in Sidney Older single-family homes in Central Saanich Acreage properties in North Saanich with long-term upside Understanding neighbourhood plans, servicing, and future development restrictions is critical when assessing value. Market Conditions to Watch Inventory levels across the Saanich Peninsula remain healthier than peak years, giving buyers more choice. However, demand remains steady due to lifestyle-driven purchases and limited land availability. As a result, well-priced homes continue to move, while overpriced listings sit longer. Final Thoughts Saanich Peninsula real estate offers compelling value in 2026 for buyers seeking lifestyle, space, and long-term stability. Sidney delivers walkability, Central Saanich balances space and access, and North Saanich offers acreage and privacy. For buyers willing to act strategically, these Peninsula hotspots remain some of Greater Victoria’s strongest value plays. Doug M., 5-Star Review, via Google “For us, selling our first home of 15 years brought up a lot of emotion and the process felt daunting. We had a challenging tenant and lived off island. In rode these 3 amigos, the Fabers, like knights on white horses! Always there, supporting, guiding every step of the way, connecting with confidence and kindness. Fluid communication and success on every level. Truly a God send, we can’t imagine having done it without them! A pleasure indeed.” 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.”

Housing demand around the University of Victoria continues to grow, and new projects are reshaping how students, renters, and homeowners live near campus. Several existing and planned developments near UVic aim to increase housing supply, improve walkability, and support long-term community growth. On-Campus Housing Expansion at UVic UVic has prioritized adding more on-campus housing to address student demand. Recent residence projects have focused on higher-density buildings with modern amenities and strong sustainability standards. These residences help reduce pressure on nearby rental markets by keeping more students on campus. Looking ahead, UVic has announced plans for an additional large-scale student housing project that will add hundreds of new beds for upper-year and graduate students. This future development near UVic is designed to maximize land use while supporting transit access and campus services. University District and Long-Term Planning UVic is also planning a broader mixed-use area known as the University District. This long-term vision includes housing, commercial space, and community amenities on university-owned land near Gordon Head Road. While still in planning stages, this project signals a shift toward a more integrated campus-adjacent neighbourhood. Once complete, the University District could play a major role in expanding housing options near UVic while supporting local businesses and services. Off-Campus Developments Near UVic Several nearby developments are already changing the surrounding neighbourhoods: New rental and condo projects along Shelbourne Street and McKenzie Avenue are increasing density near key transit routes. Purpose-built rental buildings near UVic are providing alternatives to older secondary suites and student rentals. Affordable housing projects led by non-profit and public housing providers are helping diversify the local housing mix. These developments near UVic appeal not only to students but also to professionals, downsizers, and investors seeking proximity to the university and amenities. What This Means for Buyers and Renters As developments near UVic continue, buyers and renters can expect more housing choice over time. Condos and purpose-built rentals may improve affordability compared to older, high-demand rental stock. At the same time, increased density may bring changes to traffic, parking, and neighbourhood character. Checking zoning, development applications, and school catchments early remains important when considering property near the university. Final Thoughts Existing and upcoming developments near UVic reflect a broader push to address housing demand while supporting a growing academic community. For students, homeowners, and investors, these projects signal continued growth and long-term change in one of Victoria’s most sought-after areas. Leanne D, 5-Star Review, via Google “I would highly recommend the Faber Group this is the second time we have used them and have been over the top happy with their service. They are an honest group of men who all go above and beyond to make your experience perfect!” 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.”

View Royal is experiencing a period of meaningful growth and change as the town responds to regional housing needs, evolving land-use planning, and distinct local priorities. This overview highlights key projects, planning frameworks, and development trends shaping View Royal’s future real estate landscape. Strategic Planning and Growth Framework The Town of View Royal is actively updating its Official Community Plan (OCP) through the View Royal 2050: Our Future View initiative. The updated plan will guide growth over the next two decades and establish policies for land use, housing, transportation, parks, environment, and economic opportunities. Public engagement efforts have gathered resident input on growth, housing needs, and land use scenarios to help inform the updated OCP, which will shape development decisions in the coming years. View Royal 2050 The updated community growth framework will also refine land-use designations in key areas such as the Western Gateway Community Corridor along Island Highway. This corridor is envisioned as an evolving mixed-use area that could support new housing options, improved multimodal connections, and commercial activity. Provincial Housing Targets and Policy Alignment Under the provincial Housing Supply Act, View Royal has been assigned a target to deliver 585 new homes over the next five years. The town is aligning zoning bylaws and development policies to support this direction while balancing environmental protection and community character. Recent progress has exceeded initial targets: provincial reporting indicates View Royal delivered more than double its first-year net-new housing target, reflecting active building and approvals in the town. Major Residential Developments Several notable housing developments are underway or moving through the planning and approval process, demonstrating a shift toward increased density and rental supply in key areas: Island Highway Rental Developments: Progress is underway on new mid-rise rental projects along Island Highway, an area targeted for higher density and mixed-use activity. Among these, an approved development will deliver approximately 238 rental suites across two six-storey buildings between the new fire hall and Prince Robert Drive, offering a range of unit sizes from studios to three-bedroom layouts. 94-Unit Development at 346 Island Highway: Plans submitted by GT Mann Contracting propose a 94-unit project at the western end of the former Fort Victoria RV Park site, including underground parking and resident amenities. The Grand and Fir Condominiums: A five-storey condominium project with 82 units known as The Grand and Fir is nearing completion, with move-in availability targeted for 2025, supporting both lifestyle demand and compact housing options. Large-Scale Rental Community Opposite Victoria General Hospital: A 336-unit purpose-built rental community has begun construction near Victoria General Hospital, representing one of the largest rental projects in the town to date and contributing significantly to rental housing supply. These projects signify a diversification of housing types, including condominiums, purpose-built rentals, and mixed-unit buildings, all contributing to View Royal’s broader growth objectives. Local Engagement and Infrastructure Planning Alongside housing projects, View Royal is progressing several infrastructure and community improvement initiatives that will support growth and quality of life. These include transportation master plan updates, pedestrian improvements along key corridors, and upgrades to utilities and park spaces. Balancing Growth with Community Character As View Royal grows, municipal planning emphasizes maintaining the town’s natural beauty and neighbourhood feel while accommodating new housing and mixed-use development. The OCP update process reflects careful consideration of resident values around growth, transportation, environmental stewardship, and local identity. Conclusion View Royal is transitioning from a primarily low-density suburb to a more diversified community that supports a broader range of housing options, including rental communities and multi-unit residential projects. Strategic planning through the View Royal 2050 process, alignment with provincial housing targets, and active development along key corridors are key drivers of this evolution. For buyers, sellers, and investors, these trends indicate a community positioning itself for sustainable growth while preserving its distinct character. Troy W., 5-Star Review, via Google “We moved to Victoria from Halifax. As our Realtor, Scott helped us find the right house in the right neighborhood for the right price. He was patient as we traveled from the east to look at homes over several months and cautioned us about making unreasonable offers when we fell too quickly for overpriced homes. In short, he was always on our side working to make our house purchase as simple and successful as possible. The best part about working with Scott was that he was always more focused on answering our questions, giving us good advice, and finding homes that met our needs than he was on closing a deal. We would recommend him to anyone. 5 Star service Scott, we look forward to using you again very shortly for an income rental in the new year. ” 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.”

Langford has firmly established itself as one of the most in demand real estate markets in Greater Victoria. With ongoing development, expanding amenities, and a wide range of housing options, Langford continues to attract buyers at every stage of life. As the Westshore grows, Langford remains at the center of that momentum. A Wide Range of Housing Options One of Langford’s biggest strengths is housing diversity. Buyers can choose from condos, townhomes, duplexes, and single family homes across a variety of price points. This flexibility makes Langford especially appealing to first time buyers, growing families, and downsizers. Newer construction also means many homes are move in ready, which continues to be a major draw in today’s market. Strong Infrastructure and Amenities Langford offers excellent access to shopping, schools, parks, recreation facilities, and major transportation routes. Ongoing infrastructure investment supports long term growth and improves daily livability for residents. From walkable commercial areas to sports facilities and trails, Langford offers convenience without sacrificing lifestyle. Buyer Demand and Long Term Value Consistent demand has helped Langford maintain steady resale activity. Its central role in the Westshore, combined with continued population growth, supports long term value for homeowners and investors alike. As affordability remains a challenge closer to downtown Victoria, Langford continues to be viewed as a smart alternative with strong fundamentals. Final Thoughts Langford is no longer an emerging market. It is a well established, high demand community that continues to evolve. For buyers seeking value, convenience, and long term potential, Langford remains one of the strongest choices in the Westshore. Florenda S., 5-Star Review, via Google “We worked with Cal & Scott selling our home recently. The effort they put into the sale was amazing with the photo virtual walk through set, the video, the night shots and open houses. Our house sold very quickly even in a slowdown in the market.” 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.”

As realtors who have worked through hot cycles, slowdowns, and everything in between, we can confidently say that Greater Victoria is currently a balanced market. Not the runaway bidding wars of 2021-2022, and not the ultra-cautious environment immediately after the interest rate hikes. Instead, we’re in a middle ground where good properties sell, and buyers have room to think. Inventory and Sales Pressure The clearest indicator of balance is inventory relative to demand. At the end of October 2025, the Victoria Real Estate Board recorded 3,423 active listings across Greater Victoria. That’s well above the extremely low inventory levels of the pandemic boom, but it isn’t oversupply. It allows buyers to compare options without forcing sellers to slash prices. The sales-to-active-listings ratio sits around 18-20 percent. Industry standards consider roughly 12-16 percent a buyer’s market and 20-28 percent a seller’s market. The mid-to-high teens is the territory we call balanced. In practice, this means neither side has full leverage: buyers can negotiate, and sellers can still get fair results when priced correctly. What Prices Are Doing Prices in 2025 are steady overall, though the behavior varies by product type. The benchmark price for a single-family home in the Victoria core is approximately $1,276,500. That is down about 1.8 percent from 2024. The drop is far from a crash; it’s more of a normalization after years of outsized growth. Condominiums are holding firm. The benchmark condo price in the core is just over $551,000, up roughly 0.6 percent year-over-year. This segment benefits from affordability pressures and downsizers returning to the city. Townhomes sit in between. Average sales this year hover around $815,000, with a median around $794,500. They offer more space than a condo without the single-family price tag, and they remain attractive to young families. Across all property types, homes are selling close to listing price. Most transactions land in the 97-98 percent of asking range, which is another sign of equilibrium. When a market favors sellers, you see multiple offers and over-asking. In a soft market, homes sell well below list. Right now, neither extreme is dominant. How This Feels on the Ground If you’re a buyer, you can breathe. You’re no longer racing through 15-minute showings only to hear the home sold before you’ve reached your car. You can walk through several properties, compare finishes and layouts, and analyze monthly costs. You still need pre-approval and a strategic approach, but you have the luxury of choice. If you’re a seller, strategy matters more than ever. A well-priced home in a core neighbourhood like Fairfield, Oak Bay, or East Saanich still attracts strong attention. Listings that land above the comparable range or need too much work for today’s buyers will sit. Presentation, staging, and timing have become essential strategies again rather than optional add-ons. Why Balanced Markets Are Often the Best Balanced markets tend to be healthier and more sustainable. In an overheated market, buyers stretch beyond comfort, waive due diligence, and often regret the decisions that follow. In a weak market, sellers feel trapped or discouraged. Balance creates clarity. It allows everyone involved to act rationally, negotiate fairly, and make informed decisions. The Greater Victoria market is dynamic by nature. It reacts to interest rates, lifestyle migration, limited land supply, and the value people place on this region. But right now, the numbers and the day-to-day experience line up: this is not a market tilted heavily toward either party. It is one in which preparation and proper advice matter more than brute force. Justine Dancey, 5-Star Review, via Google “Cal and Scott treated us like family. We had only 5 days to find a home and Cal cleared his schedule to make himself available to us. Cal guided us in the purchase of our home, as if we were a member of his family asking for advice. I knew we could trust Cal. His service to us did not stop with the purchase of our home…he helped us find trades people and provided information about rental incomes in the area. We were new to the Island and I honestly felt that Cal adopted us and has made sure we had everything we needed. We did not just gain a realtor, but a friend. If you are looking for a realtor you can TRUST, and will look out for YOUR interests— then Cal and Scott are IT!!!” 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.”