Posts Tagged ‘Vancouver Island real estate’

Cap rates in Greater Victoria are a key metric for investors evaluating rental property performance. Whether you are purchasing a condo in the urban core or a suited home in the Westshore, understanding capitalization rates helps you assess risk, return, and pricing discipline. If you are analyzing investment property, cap rates in Greater Victoria provide a fast way to compare opportunities across neighbourhoods. What Is a Cap Rate? The capitalization rate measures a property’s return based on its net operating income. Formula: Cap Rate = Net Operating Income ÷ Purchase Price Net operating income includes rental income minus operating expenses such as: Property taxes Insurance Maintenance Property management Strata fees It does not include mortgage payments. Cap rate evaluates the property itself, not your financing structure. Typical Cap Rates in Greater Victoria Cap rates in Greater Victoria are generally lower than many Canadian markets. This reflects: Strong long-term appreciation High demand and limited land supply Stable government and institutional employment As of recent market cycles, investors often see approximate ranges such as: 3% to 4% for prime core areas 4% to 5% in select Westshore submarkets Higher returns possible in properties requiring renovation or repositioning For example, a condo in downtown Victoria may trade at a lower cap rate due to high demand and limited vacancy. Meanwhile, a suited property in Langford could offer a slightly stronger yield with higher rental flexibility. Why Are Cap Rates Lower Here? Several structural factors influence cap rates in Greater Victoria: Constrained housing supply due to geography Consistent in-migration to Vancouver Island Low vacancy rates Strong rental demand from students at University of Victoria Government and military employment stability Because investors anticipate appreciation, they accept lower immediate yield in exchange for long-term equity growth. What Is a “Good” Cap Rate? A good cap rate depends on your investment strategy. If you prioritize: Cash flow → You may target higher cap rates in emerging areas. Appreciation → You may accept lower cap rates in established neighbourhoods. Risk mitigation → You may focus on strong tenant demand and stable buildings. In Greater Victoria, many investors prioritize stability and appreciation over aggressive yield. Cap Rate vs Cash Flow It is important not to confuse cap rate with cash flow. A property can have: A strong cap rate but negative cash flow due to high interest rates A lower cap rate but stable long-term equity growth Financing conditions significantly affect actual monthly performance. Therefore, investors must analyze both cap rate and debt servicing. How to Use Cap Rates Effectively Cap rates in Greater Victoria work best as a comparison tool. They allow you to: Compare neighbourhoods objectively Evaluate pricing relative to income Identify overvalued or underperforming assets Screen properties quickly before deeper due diligence However, cap rates alone do not capture future development potential, zoning changes, or suite opportunities. A full underwriting analysis remains essential. Final Thoughts Cap rates in Greater Victoria remain compressed compared to many markets, but they reflect a stable, supply-constrained region with consistent demand. For investors focused on long-term growth and risk-adjusted returns, this market continues to offer compelling fundamentals. If you are considering an investment purchase and want help analyzing cap rates and projected returns, reach out anytime to review current opportunities and run the numbers together. Grymyko J., 5-Star Review, via Google “Scott and Cal were a pleasure to work with, thank you Guys for negotiating a good deal for us, will definitely work with them again in the 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.”

Up-and-coming neighbourhoods in Greater Victoria are attracting attention from buyers who want long-term upside and lifestyle value. With infrastructure investment, population growth, and continued demand for Vancouver Island living, several areas stand out in 2026. If you are looking for appreciation potential or relative affordability compared to core Victoria, these up-and-coming neighbourhoods in Greater Victoria deserve a closer look. Langford Langford continues to lead Westshore growth. Ongoing development, improved amenities, and expanding retail corridors are reshaping the area. Why buyers are watching Langford: Continued new construction supply Family-oriented communities Access to lakes, trails, and recreation Increasing density near transit corridors While Langford is no longer “undiscovered,” certain pockets still offer value compared to central Victoria. Buyers who prioritize space and newer homes often begin their search here. Colwood Colwood has shifted significantly over the past few years. With major master-planned communities and waterfront access, it is evolving quickly. Growth drivers include: Revitalization along major routes New housing inventory Expanding commercial amenities Improved commuter routes Colwood appeals to buyers seeking newer homes with long-term growth potential, particularly as pricing in central neighbourhoods remains elevated. View Royal View Royal sits between the Westshore and downtown, offering strategic positioning. Historically overlooked, it now benefits from its central access. Why it stands out: Short commute to downtown Proximity to Thetis Lake and shoreline parks Mix of condos, townhomes, and detached homes Redevelopment potential in select pockets For investors, View Royal provides relative value with strong rental appeal due to its location. Vic West Vic West has transitioned steadily over the last decade. Its proximity to downtown and waterfront pathways continues to draw professionals and young families. Key factors: Walkability to employment hubs Waterfront access Blend of character homes and modern condos Ongoing infill development As supply tightens in downtown Victoria, Vic West remains a logical spillover market. Esquimalt Esquimalt is undergoing gradual transformation. Infrastructure upgrades and community investments are improving both perception and livability. Reasons buyers are paying attention: Relative affordability Ocean access and parks Military and government employment stability Increasing townhouse and condo projects For long-term investors, Esquimalt offers a compelling combination of rental demand and appreciation potential. What Makes a Neighbourhood “Up-and-Coming”? Up-and-coming neighbourhoods in Greater Victoria typically share several traits: Infrastructure investment Increased building permits Retail and amenity expansion Improved transit access Migration from higher-priced adjacent areas Monitoring these indicators helps buyers position themselves ahead of broader price growth. Is It Better to Buy Early? Buying in up-and-coming neighbourhoods in Greater Victoria often requires a long-term perspective. Appreciation typically follows infrastructure, density, and lifestyle improvements. Therefore, buyers who focus on fundamentals rather than short-term headlines often benefit most. If you are considering entering the market and want guidance on which neighbourhood aligns with your goals, reach out anytime to discuss your options and upcoming opportunities. 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 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 home maintenance and value are closely linked. In a market where buyers expect well-kept homes, ongoing upkeep is not just about comfort. It plays a direct role in protecting resale value and long-term equity. From James Bay character homes to newer properties in Langford, maintenance signals how a home has been cared for over time. Buyers and appraisers notice. What Counts as Home Maintenance Home maintenance includes routine tasks and planned repairs that prevent deterioration. This covers roof upkeep, plumbing and electrical updates, HVAC servicing, exterior paint, and drainage management. When maintenance is deferred, small issues often turn into expensive problems. This can reduce appraised value and limit buyer interest, especially in competitive Victoria neighbourhoods. How Maintenance Supports Long-Term Value Well-maintained homes tend to sell faster and closer to asking price. They also appraise more consistently. Key value drivers include: Curb appeal Clean exteriors, tidy landscaping, and fresh paint improve first impressions. In Victoria, a neglected exterior often raises concerns about moisture or structural issues. Prevention of major repairs Fixing minor problems early helps avoid larger failures. This matters in Victoria’s wet climate, where roof leaks, poor drainage, and moisture intrusion are common red flags. Energy efficiency Updated windows, insulation, and electrical systems appeal to buyers and reduce operating costs. Energy-efficient homes also align with current buyer expectations in BC. Structural condition Roofing, foundations, and plumbing directly affect value. Older homes in Victoria require consistent attention to avoid depreciation tied to outdated systems. Victoria BC home maintenance and value trends show that condition often matters more than cosmetic upgrades alone. Victoria-Specific Maintenance Considerations Coastal exposure increases wear from moisture and salt air. Annual maintenance budgets often fall around 1 percent of building value, not including land. In established areas like Oak Bay and Fairfield, buyers expect turnkey condition. Deferred maintenance can reduce buyer confidence and negotiation strength. Over-improving can also backfire. Upgrades should match neighbourhood expectations and buyer demand. Practical Maintenance Tips for Homeowners Create an annual maintenance checklist focused on roofs, drainage, and ventilation  Prioritize kitchens, bathrooms, and exterior condition  Budget 1 to 2 percent of home value annually for upkeep  Schedule professional inspections, especially for older homes  Keep records of repairs and upgrades for resale and appraisals  For sellers, documented maintenance supports pricing. For buyers, well-maintained homes reduce future costs. Bottom Line Victoria BC home maintenance and value go hand in hand. Proactive upkeep protects equity, supports resale pricing, and reduces surprises. In a stable but selective market, condition remains one of the strongest drivers of long-term home value. This content is for educational purposes only. Always consult local professionals and municipal guidelines for property-specific advice.   Matt C., 5-Star Review, via Google “I would highly recommend not only the Faber group however specifically Scott. He treated us with the utmost respect and looked out for our best interests. Our selling and buying process were seemless with little stress due to Scott handling everything behind the scenes. Furthermore not only did Scott show us exactly what we were looking for he knew what location would best suit our lives.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”  

When you’re evaluating where to buy in the Greater Victoria, Saanich, or Westshore markets, understanding municipal property tax differences is an often-overlooked but highly relevant financial factor. Two homes with identical assessed values can lead to noticeably different tax bills year-to-year depending on the municipality — so knowing how rates stack up can influence both your upfront cost estimates and your long-term ownership costs. How Property Taxes Work in BC In British Columbia, municipal property taxes are calculated by multiplying the assessed value of your home by the municipal tax rate (mill rate). The assessment comes from BC Assessment and reflects market value as of July 1 prior to the tax year. Your total tax bill isn’t just the municipal share — it also includes levies collected for: Provincial school tax Capital Regional District (CRD) services Hospital district Transit Other local bodies Municipal budget decisions — such as infrastructure spending or service levels — directly influence the mill rate required to generate revenue. If assessments rise faster than the municipal budget, mill rates can stay stable or even decrease; if budgets grow faster than total assessed value, mill rates must increase. A municipality’s tax strategy often reflects local priorities and spending choices. Greater Victoria Municipal Property Tax Rates: A Snapshot Not all municipalities in Greater Victoria tax at the same rate. Based on available comparative data: Tax Rate Rankings (2022–2024 era) Lower tax rate municipalities: North Saanich generally sits near the lower end of regional property tax rates. View Royal often has lower mill rates compared with urban centres. Mid-range: Colwood and Langford in the Westshore tend to have moderate local municipal tax rates, but totals depend on other levies and assessment levels. Higher tax rate municipalities: Victoria and Central Saanich have among the higher municipal property tax rates within the region. Saanich typically shows a comparatively high effective tax burden. Differences matter: in a sample compiled by a brokerage, a $1 million home in Victoria would yield roughly $174 more in taxes than the same value home in Saanich, and a home in Colwood would pay about $645 more than in View Royal — purely based on rate spreads. (Note: precise current rates change annually with budgets and assessments. Always check municipal tax rate bylaws or use online tax calculators for exact figures for a given year.) Recent Trends: Rate Increases & Budget Pressures Municipalities across Greater Victoria have grappled with tax increases over recent years, driven by rising costs for core services, infrastructure renewals, and public safety: Saanich approved property tax increases near 8% in 2025, adding hundreds of dollars to the average homeowner bill. Langford has proposed significant tax hikes in multi-year financial plans to support rapid growth and expanding service demand. Regional increases by the Capital Regional District (CRD) also factor into total bills, with projected increases varying across municipalities depending on the services used (e.g., 4.1% for Victoria vs 7.7% for Langford for CRD requisitions in 2025). These upward pressures mean that even if a municipality historically had a lower tax rate, the year-to-year changes can shift relative burden across communities. Why These Differences Matter for Buyers 1. Annual Carrying Cost If you’re budgeting for homeownership, property taxes are a predictable recurring cost tied directly to your assessment and municipal priorities. A difference of a few hundred to a few thousand dollars annually can impact: Mortgage affordability Monthly cash flow Long-term cost projections for investment or retirement planning 2. Comparing Similar Homes Across Municipalities Two homes with equal market value — one in Saanich and one in Langford or Colwood — could result in: Different quarterly tax bills Different services received for that tax dollar (e.g., recreation, policing, parks) This can be a tiebreaker for buyers evaluating multiple locations in the region. 3. Growth and Future Tax Outlook Municipalities at different stages of development (e.g., fast-growing Langford vs more established Saanich or Victoria) may adopt differing strategies on whether to keep taxes low for growth incentives or invest in services and infrastructure. Howard P., 5-Star Review, via Google “Cal and Scott Faber are authentic and trustworthy and give it to you straight up. They take the time and the attention to learn about your needs and then find the home that fits them. Our experience with Cal and Scott Faber was exceptional. They didn't just provide great service, they demonstrated a genuine concern for our best interests, making us feel truly valued. They will do their best to find the home that fits your lifestyle and needs. I heartily recommend Cal and Scott.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

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.”

Pets aren’t just companions - they’re part of the family. For many homebuyers in the Westshore, especially in family-oriented areas like Bear Mountain and Langford, access to pet-friendly spaces and amenities can be a deciding factor in where they choose to live. In this guide, we spotlight new and upcoming developments that prioritize pets, making it easier to find a home that suits both you and your four-legged friend. Why Pets Matter in Westshore Real Estate Westshore communities are built around outdoor living, with trails, parks, and green space at every turn. Buyers with dogs or other pets increasingly seek developments that: Include on-site dog parks or pet play areas Offer easy access to trails and off-leash areas Provide wash stations, grooming rooms, or pet care services Nestle close to vet clinics, pet stores, and open community space In Bear Mountain, for example, the abundance of trails and outdoor activities makes the area naturally appealing to active pet owners. Developers here often incorporate dedicated pet spaces into site plans, acknowledging the strong influence pets have on purchase decisions. Noteworthy Pet-Friendly Developments Several new and planned Westshore developments have responded to buyer demand for pet-centric features: Pavilion Langford (Langford City Centre)  - Has no size limits or breed restrictions. Close to dog parks and trails. Trailside Residences (Bear Mountain) – Close to miles of off-leash trails, with community dog runs integrated into green spaces. The Grove (Langford City Centre) – Includes enclosed pet play areas and easy pathway access to parks. Harbour Living (Colwood) – Offers waterfront strolls and pet stations along scenic walking paths. Tips for Pet-Friendly Buying When evaluating properties, consider these factors: Pet policy and fees: Some condos have size limits, breed restrictions, or extra deposits — verify before committing. Amenity accessibility: Look for developments where dog parks or pet facilities are truly convenient rather than peripheral. Walkability: Proximity to parks, beaches, and trails enhances daily life for pets and owners alike. Final Thoughts As the Westshore continues to grow, pet-friendly developments are becoming a key segment of the market. Whether it’s a dedicated dog park, close access to trails, or pet-focused building amenities like those at Pavilion Langford, these features can significantly enhance lifestyle and resale appeal. For buyers who prioritize their pets, this guide offers a starting point in finding the right fit in Westshore real estate. If you’d like personalized recommendations based on your pet’s needs and your home search criteria, I can help you explore options and compare features that matter most. Justine D., 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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Buyers researching Broadmead real estate often look for privacy, mature landscaping, and stable long-term property value. Located within one of the most established residential areas in Greater Victoria, Broadmead attracts buyers who prioritize quiet surroundings and spacious homes. The neighbourhood continues to stand out for its peaceful setting and consistent buyer demand. A Neighbourhood Designed for Privacy and Space in Broadmead Broadmead was developed with thoughtful planning that emphasizes curved roads, cul-de-sacs, and preserved natural landscapes. Many streets limit through traffic, which helps create a quieter residential atmosphere. Large lots and mature trees provide natural privacy between homes. Buyers often choose Broadmead because it offers suburban living while remaining close to major shopping, schools, and commuter routes. Established Homes With Lasting Appeal Broadmead real estate mainly features detached houses built between the 1980s and early 2000s. Many properties offer: Generous square footage Functional family-friendly layouts Large yards and landscaped gardens Quality construction typical of established neighbourhoods Some homes have undergone extensive renovations, while others attract buyers interested in updating properties to suit modern design preferences. This variety creates flexibility for different budgets and renovation goals. Lifestyle Convenience Without Urban Density Residents enjoy a balance between peaceful residential living and everyday convenience. Broadmead offers quick access to major shopping centres, recreation facilities, parks, and schools. The neighbourhood appeals strongly to families and professionals who want larger homes without moving far from employment hubs. Its central location also supports efficient commuting to downtown Victoria and surrounding communities. Long-Term Investment Stability Established neighbourhoods often show steady demand, and Broadmead real estate continues to demonstrate long-term appeal. Buyers frequently value: Larger lot sizes that are harder to find in newer developments Consistent neighbourhood character Strong resale interest from move-up and downsizing buyers While market conditions can change, well-established communities with limited new supply often maintain strong buyer attention. Who Broadmead Typically Attracts Broadmead appeals to several buyer groups, including: Growing families seeking quiet residential streets Professionals looking for larger executive-style homes Downsizers wanting single-family living with reduced urban density Buyers prioritizing long-term neighbourhood stability The area’s combination of privacy, location, and established housing stock supports wide buyer interest across different life stages. Why Broadmead Continues to Stand Out Broadmead remains one of the region’s most recognized established neighbourhoods. Quiet streets, mature landscaping, and spacious homes continue to attract buyers who value long-term livability over high-density development. For many purchasers, Broadmead offers a rare balance of space, convenience, and community character. If you are considering buying or selling in Broadmead, reach out to our team to discuss current market opportunities and neighbourhood insights tailored to your home search. 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.”

The Fernwood community vibe continues to attract buyers looking for character, walkability, and a strong sense of neighbourhood connection in Victoria, BC. Known for its artistic energy, heritage homes, and lively local gathering spaces, Fernwood offers a lifestyle that feels both vibrant and welcoming. Buyers searching for charm, culture, and convenience often place Fernwood high on their list. A Neighbourhood Built on Community Connection Fernwood stands out because of its strong local identity. Residents actively support small businesses, community events, and neighbourhood initiatives. As a result, buyers often notice a welcoming atmosphere that can be harder to find in newer developments. The Fernwood Village area acts as a central hub. It features locally owned cafes, restaurants, and shops that encourage residents to spend time close to home. This walkable environment helps foster daily interaction among neighbours, which strengthens the overall Fernwood community vibe. Character Homes and Heritage Appeal Many buyers are drawn to Fernwood for its historic charm. The neighbourhood features a wide range of early 20th century homes, including Craftsman and character-style properties. These homes often include unique architectural details, mature landscaping, and established streetscapes. Although some buyers prefer move-in ready properties, others appreciate renovation opportunities. Well-maintained character homes in Fernwood tend to hold strong long-term appeal due to their individuality and limited supply. Walkability and Central Location Fernwood offers excellent access to downtown Victoria, major transit routes, and cycling infrastructure. Buyers who value shorter commutes often appreciate the neighbourhood’s central location. In addition, Fernwood provides easy access to parks, schools, and recreation facilities. Because daily amenities are close by, many residents rely less on driving. This convenience supports the strong Fernwood community vibe and contributes to its ongoing popularity with buyers seeking urban lifestyle benefits. Arts, Culture, and Local Events Fernwood has long been recognized as one of Victoria’s most creative neighbourhoods. The area supports local artists, live theatre, and community festivals throughout the year. The historic Belfry Theatre and Fernwood Community Centre serve as important cultural anchors. Community events, farmers markets, and seasonal gatherings create opportunities for residents to connect. These shared experiences help buyers feel part of something larger than just a residential neighbourhood. Diverse Housing Options for Different Buyers While Fernwood is well known for character homes, buyers can also find townhomes, strata units, and smaller detached houses. This variety attracts a broad range of buyers, including young professionals, families, and downsizers. Inventory levels can vary, and demand often remains strong. Buyers interested in Fernwood frequently need to act decisively when well-priced properties become available. Long-Term Appeal and Market Stability The Fernwood community vibe contributes to consistent buyer interest over time. Central location, established housing stock, and strong neighbourhood identity support long-term desirability. While real estate markets naturally shift through cycles, neighbourhoods with strong community engagement often maintain stable demand. Why Buyers Continue to Choose Fernwood Buyers often choose Fernwood because it offers more than just housing. The neighbourhood delivers lifestyle value through walkability, cultural experiences, and historic character. These combined factors continue to support the area’s reputation as one of Victoria’s most sought-after communities. If you are considering buying or selling in Fernwood, contact our team to discuss your options and explore available opportunities in this vibrant Victoria neighbourhood.   Vince R., 5-Star Review, via Google “Cal and Scott made our home selling experience very simple and easy, especially when you consider that we were in a different province and corresponding via our mobile devices. In less than 2 weeks we received and accepted an offer on our Condo. We would like to thank the both of them for listing our property and sharing all their expertise in properly listing our condo.” 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.”

Vancouver Island assessed property values are now available, and many homeowners are asking what the numbers really mean. While assessments influence property taxes, they do not directly reflect current market value. Understanding how BC Assessment works helps put these figures into context. How BC Assessment Determines Value BC Assessment estimates property values annually based on a July 1 valuation date from the prior year. They analyze recent sales, property characteristics, location, and zoning. The goal is fairness across similar properties, not predicting today’s selling price. Why Total Assessed Values Reached $399 Billion Across British Columbia, total assessed property values climbed to approximately $399 billion. This increase reflects long-term population growth, limited housing supply in many areas, and steady demand over several years. Even in a more balanced market, past price gains still influence assessed values. Regional Differences Across Vancouver Island Changes were not uniform. In Greater Victoria, assessments rose by about 1 percent, signalling a cooler and more stable market compared to prior years. In contrast, parts of the North Island saw increases of up to 7 percent, driven by relative affordability, lifestyle demand, and fewer listings. These differences matter. Property taxes are based on your home’s value relative to others in your municipality, not just whether your assessment went up or down. What This Means for Homeowners in 2026 A higher assessment does not automatically mean higher taxes. If your property value increased less than the local average, your tax bill may rise only modestly. For buyers and sellers, assessed values remain a reference point, but market conditions, pricing strategy, and timing still matter more. If you believe your assessment does not reflect your property accurately, you can review comparable sales and file an appeal within the stated deadline. Bottom Line Vancouver Island assessed property values 2026 show a market that is stabilizing in some regions and still adjusting in others. Understanding the assessment process helps homeowners make informed decisions without overreacting to the headline number.   Cindy H., 5-Star Review, via Google “The Faber team go above and beyond! Scott is wonderful to deal with and has a great attitude. I definitely recommend.” 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.”