Posts Tagged ‘Victoria BC housing market’

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.”

Home equity is the difference between your home’s market value and what you still owe on your mortgage. Understanding home equity is essential for buyers and homeowners because it plays a major role in long-term financial planning and wealth building. Simply put, the more of your home you own outright, the more equity you have. How Home Equity Builds Over Time Home equity typically grows in two ways: Paying down your mortgage with each monthly payment Property value increases over time due to market conditions or improvements For example, if your home is worth $800,000 and your mortgage balance is $500,000, you have $300,000 in home equity. Why Home Equity Matters Home equity provides flexibility and financial leverage. It can be used to: Help fund renovations or upgrades Support future home purchases Assist with major life expenses Increase long-term net worth In markets like Greater Victoria, where home prices have historically trended upward over the long term, equity can become a significant asset. Equity vs. Renting Rent payments build no equity. Once the payment is made, the money is gone. With homeownership, a portion of each mortgage payment contributes to building equity, even during stable or slower markets. This difference is one of the key reasons many buyers choose to purchase when they plan to stay put for several years. How Much Equity Do You Need? There is no universal benchmark, but more equity generally means: Better refinancing options Lower borrowing risk Greater financial security That said, equity takes time to build. It works best as a long-term strategy rather than a short-term gain. Final Thoughts Home equity is not just a number on paper. It represents ownership, stability, and long-term value. Whether you are a first-time buyer or a long-time homeowner, understanding how equity works can help you make more informed real estate decisions in Victoria’s market. If you are curious how much equity you may be able to build, reviewing your options early can make a meaningful difference.   Dom L., 5-Star Review, via Google “After months of searching and giving us their honest advice, we finally bought a place while out of town. We only had a virtual tour of the site, but we felt very comfortable making an offer because they understood what we were looking for. I would recommend going to Faber group as they are knowledgeable, professional and resourceful.” 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.”

From our experience, the smoothest purchases happen when couples have clear and honest discussions before they ever step into a showing. Understanding each other’s priorities, timelines, and comfort levels with risk helps avoid difficult moments later in the process. We often see challenges arise when expectations are not aligned early on. Taking time to talk through lifestyle goals and future plans creates clarity and confidence when it is time to make decisions. Know How Lenders See You Many couples are surprised by how financing works when buying together. Lenders look at combined income, credit history, existing debts, and employment stability. One stronger credit profile can help, but one weaker profile can also affect borrowing power. From a realtor’s standpoint, buyers who secure a solid pre approval before shopping are always in a stronger position, both financially and strategically. Compromise Is Part of the Process Every couple enters the market with different priorities. One person may value location while the other wants space or specific features. We see the most success when couples clearly define their must haves versus nice to haves. Understanding where you can be flexible helps move quickly when the right property comes along, especially in competitive neighbourhoods. Think About Resale From Day One Even if a home feels like a long term purchase, resale value always matters. As realtors, we look at homes through the lens of future buyers as well as current lifestyle. Location, layout, condition, and neighbourhood appeal all influence how easily a home will sell down the road. Choosing a property with broad market appeal protects your investment and keeps options open. Understand Ownership and Protection How a property is registered is often overlooked. Joint tenancy and tenancy in common affect what happens if circumstances change. We regularly recommend couples speak with a legal professional to ensure ownership aligns with their situation and contributions. Clarity here provides peace of mind and avoids complications later. Lean on Professional Guidance Buying property together is exciting, but it can also feel overwhelming. From a realtor’s perspective, the couples who enjoy the process most are those who ask questions, seek advice, and stay informed at every stage. When couples approach the purchase as a team and work closely with experienced professionals, they are more likely to find a home that supports both their relationship and their long term goals.   Lindsay R., 5-Star Review, via Google “Scott has been an awesome help finding my condo. He always knew my needs and gave me the right advise every step of the way. Would 10/10 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.”

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.”

When buying a home in Greater Victoria, many buyers must decide between a new build and a resale home. Each option offers unique benefits, depending on your budget, lifestyle, and timeline. Price and Ongoing Costs New build homes often come with a higher purchase price, particularly in growing areas like Langford and Colwood. While they include modern finishes and energy efficiency, buyers should budget for extras such as landscaping and window coverings. Resale homes may have a lower upfront cost, especially in established neighbourhoods. However, older homes may require updates or repairs, making a home inspection essential. Location and Neighbourhood New builds are typically located in developing communities, often farther from downtown Victoria. These areas offer newer infrastructure and planned layouts but may take time to fully mature. Resale homes are common in established neighbourhoods like Fairfield, Oak Bay, and Gordon Head, where amenities, schools, and transit are already in place. Customization and Condition New builds allow for modern layouts and, in some cases, finish selections. They also meet current building codes and include new systems, which can reduce early maintenance. Resale homes offer character and established lots. While updates may be needed, renovations can be done gradually and tailored to your preferences. Timelines and Warranties New builds often require flexible timelines due to construction schedules but come with the protection of BC’s 2-5-10 home warranty. Resale homes typically offer quicker possession and more predictable closing dates, though they do not include warranties. Which Option Is Right for You A new build may suit buyers looking for modern features and low initial maintenance, while a resale home may appeal to those prioritizing location and neighbourhood character. In Greater Victoria’s competitive market, the right choice depends on your long-term goals and lifestyle needs. Helen M, 5-Star Review, via Google “Cal and Scott are the best. They made it happen and made the entire process of securing my condo smooth and stress free. They were always supportive, responsive, and clearly committed to getting the right result. I am very grateful for their hard work and would highly recommend them to anyone looking for reliable, dedicated realtors.” Faber Real Estate 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.”

Spring is one of the busiest and most competitive times of year in the real estate market. Buyers are active, inventory increases, and well-prepared homes tend to stand out. If you are thinking about selling this spring, taking the right steps early can make a meaningful difference in both timing and final sale results. Here are the key steps to take if you want to sell your home this spring. Start Planning Early Preparation is critical for a successful spring sale. Begin planning several months in advance to allow time for repairs, cleaning, and professional guidance. Early planning helps avoid rushed decisions and ensures your home is ready when buyer activity peaks. Get a Professional Market Evaluation Understanding your home’s current market value is essential. A professional evaluation provides insight into pricing, recent comparable sales, and local demand. Pricing accurately from the start can attract more interest and reduce the risk of extended time on market. Declutter and Depersonalize Buyers want to envision themselves living in the space. Decluttering creates a sense of openness, while depersonalizing helps buyers focus on the home rather than the current owner. This includes clearing countertops, reducing furniture, and organizing storage areas. Complete Minor Repairs and Updates Small issues can leave a lasting impression on buyers. Addressing minor repairs such as leaky faucets, chipped paint, loose fixtures, and worn caulking can improve overall presentation. Simple updates often deliver a strong return by making the home feel well cared for. Focus on Curb Appeal First impressions start before buyers walk through the door. Refresh landscaping, clean walkways, and ensure the exterior looks tidy and inviting. Spring buyers are especially attentive to outdoor spaces, so highlighting these areas is important. Prepare for Professional Photography and Marketing High-quality photography and marketing are essential in today’s market. A clean, well-lit, and staged home photographs better and attracts more online interest. Strategic marketing ensures your home reaches the right buyers at the right time. Plan Your Timing Strategically The timing of your listing can impact exposure and competition. Understanding local market trends and seasonal patterns can help determine the best moment to list. Strategic timing can lead to stronger interest and smoother negotiations. Be Ready for Showings Once your home is listed, flexibility is key. Keeping the home show-ready and accommodating viewing requests increases the chances of attracting serious buyers. A well-prepared home that is easy to show often sells more efficiently. Work With a Trusted Real Estate Professional Navigating a spring sale requires local market knowledge, strong negotiation skills, and effective marketing. Working with an experienced real estate professional helps ensure every step is handled strategically, from preparation to closing. Selling your home in the spring can be a rewarding experience when approached with the right plan. Preparation, presentation, and professional guidance all play a role in achieving the best possible outcome.   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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Housing affordability continues to be a central topic for buyers, sellers, and policymakers in Greater Victoria. With a diverse range of neighbourhoods and property types from condos and townhomes to single‑family homes, affordability trends vary across the region. Understanding these patterns helps prospective buyers set realistic expectations and allows homeowners to plan strategically in a shifting market. Sales Prices vs Buyer Income One common measure of affordability compares typical home prices to local household incomes. In Greater Victoria, median home prices for detached houses have historically exceeded provincial and national averages, making ownership of traditional single‑family homes less attainable for some households. Condominiums and townhomes generally provide more accessible entry points, but even these segments can present challenges when demand rises. Impact of Interest Rates Mortgage interest rates play a major role in affordability. When rates are higher, monthly carrying costs increase even if sale prices stabilize. Conversely, more favourable financing conditions can enhance affordability by increasing buyers’ purchasing power. In 2025 and into 2026, shifts in interest rates have influenced buyer decisions, with some buyers choosing to remain patient or explore alternative housing types. Inventory and Buyer Options Inventory levels directly affect affordability. Limited supply can tighten competition and support higher prices, while increased listings can offer buyers more choice and negotiating flexibility. Greater Victoria’s seasonal patterns can lead to fluctuating inventory, with spring often bringing more listings than winter, which may ease affordability pressures at certain times of the year. Neighbourhood and Housing Type Variations Affordability trends vary widely across neighbourhoods. Areas with higher demand, such as central Victoria, Oak Bay, and select Westshore pockets, often command premium pricing, while more peripheral or up‑and‑coming communities can offer relatively lower entry points. Housing type also matters: smaller condos and townhomes remain key pathways for many first‑time and move‑down buyers. Rental Market Influence Rental affordability also shapes overall housing dynamics. In markets with tight rental conditions, more households may seek to purchase, further influencing demand and pricing patterns. Conversely, balanced rental markets can provide a viable alternative for buyers who are priced out of home ownership in the short term. Policy and Incentives Government policies and incentives, including first‑time buyer programs, tax treatments, and development approvals play a role in shaping affordability. Local and provincial initiatives aimed at supporting buyers and encouraging diverse housing supply can influence market conditions over time. Looking Ahead Greater Victoria’s housing market continues to evolve. For buyers, understanding affordability in the context of price trends, interest rates, neighbourhood characteristics, and available inventory is essential. Sellers can benefit from insight into which housing segments are attracting interest and how affordability influences buyer behaviour. Working with a knowledgeable real estate professional can help you interpret these trends and apply them to your personal goals, whether you are entering the market for the first time, moving within the region, or planning ahead.   Justine D., 5-Star Review, via Google “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!!! I would recommend them to anyone looking to buy a home on the Island. I should also mention that Cal negotiated an amazing price on the purchase of our home and made sure if something was not right when we took possession that it would be taken care of. Cal and Scott and realtors with integrity and kindness. ” 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.”

Choosing the right neighbourhood in Greater Victoria and the Westshore depends on your lifestyle, needs, and priorities. As realtors working across the region, we help buyers identify areas that fit their goals, whether they are growing families, busy professionals, or retirees seeking a peaceful lifestyle. Neighbourhoods Ideal for Families Families often look for safe streets, good schools, parks, and community amenities. Areas like Saanich, Oak Bay, Royal Oak, and Colwood are popular for families because of excellent schools, playgrounds, and recreational facilities. These communities provide opportunities for outdoor activities, from local parks to nearby trails, and a strong sense of community where neighbours know each other. Neighbourhoods Suited for Professionals Busy professionals often prioritize convenience, transit options, and proximity to work, dining, and entertainment. Downtown Victoria, James Bay, Fernwood, and Langford Town Centre are excellent choices. These areas offer easy access to offices, cafes, shops, and cultural events. Modern condos and townhomes provide low-maintenance living, freeing up time for careers and social life. Neighbourhoods Perfect for Retirees Retirees often seek quiet streets, walkability, and access to healthcare and recreational activities. Esquimalt, View Royal, Cadboro Bay, and Colwood are ideal for retirees. These areas provide scenic walks, community centres, and close proximity to medical services. Many properties are single-level homes or offer low-maintenance yards, which makes daily life easier. The Greater Victoria and Westshore Advantage Regardless of your stage in life, Greater Victoria and the Westshore offer diverse communities with unique benefits. Families enjoy space and schools, professionals benefit from convenience and lifestyle amenities, and retirees can embrace a relaxed pace with beautiful surroundings. The key is finding a neighbourhood that fits both your needs and your long-term goals. How We Can Help As realtors familiar with Greater Victoria and the Westshore, we guide buyers through neighbourhood comparisons, property options, and local amenities. Our goal is to help you find a home and a community where you feel comfortable, connected, and confident in your decision.   Ola A. 5-Star Review, via Google “We had a great experience working with Scott from Faber real estate group to purchase our new home. Scott was professional, knowledgeable, and responsive. He had an impressive expertise in the local market and always made us feel like a top priority. His negotiation skills were outstanding, and he took care of every detail, from arranging inspections to researching potential issues with the property. Throughout the process, Scott was patient, understanding, and went above and beyond to provide us with extra resources and options.” 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.”

As we move into 2026, Greater Victoria’s real estate market is expected to shift into a more balanced and predictable phase. After several years of rapid change driven by interest rates, inventory constraints, and economic uncertainty, the coming year is shaping up to favour informed buyers and well-prepared sellers. Here is what homeowners and buyers should know heading into 2026. Market Conditions Are Expected to Stabilize   Greater Victoria is anticipated to see a steadier market in 2026, with moderate price movement rather than sharp increases or declines. Buyer confidence is expected to improve as interest rates stabilize, encouraging more activity without the urgency seen in past boom cycles. This shift supports healthier negotiations and more balanced conditions across most property types. Price Growth Likely to Be Modest and Localized   Overall price growth in 2026 is expected to remain modest, with performance varying by neighbourhood and housing type. Well-located single-family homes and townhomes with functional layouts are likely to remain in strong demand, while condominiums may experience more price sensitivity depending on strata fees, building age, and amenities. Inventory Levels Should Gradually Improve   One of the biggest constraints in recent years has been limited housing supply. In 2026, inventory is expected to increase gradually as more homeowners feel comfortable listing. This will provide buyers with more choice while reducing extreme competition. However, desirable properties that are priced correctly are still expected to sell efficiently. Buyer Demand Will Continue to Be Driven by Lifestyle   Greater Victoria’s lifestyle appeal continues to attract buyers from across British Columbia and other parts of Canada. Proximity to nature, walkable communities, and access to amenities remain top priorities. Homes that offer energy efficiency, flexible living spaces, and outdoor areas are expected to perform well in 2026. Sellers Will Need a Strategic Approach   Unlike past years where nearly any listing attracted attention, 2026 will reward sellers who price realistically and invest in presentation. Staging, professional photography, and clear disclosure will matter more as buyers become selective. Overpricing may lead to longer days on market and price adjustments. What This Means for Buyers and Sellers   For buyers, 2026 may present better opportunities to negotiate, particularly in segments with increased inventory. For sellers, understanding micro-market trends by neighbourhood and property type will be essential to achieving top value. Working with a local expert who understands these nuances will be more important than ever. Looking Ahead   Greater Victoria’s real estate market remains fundamentally strong, supported by limited land supply, consistent demand, and long-term population growth. While the pace may slow compared to peak years, 2026 is shaping up to be a year of opportunity for those who plan ahead and stay informed. If you are considering buying or selling in 2026, understanding how these trends apply to your specific situation can make a significant difference. James C., 5-Star Review, via Google “Scott made the process of finding a good condo in Victoria as simple and straightforward as it can be. He was always very helpful, and quick to respond throughout the process from start to finish. Being new to BC I think the ordeal would have been pretty overwhelming otherwise. I'd definitely recommend Scott and his team to others 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 “Building Lasting Relationships, One Home at a Time.”

Detached homes in Greater Victoria continue to offer stability and long-term value, even as interest rates, inventory, and buyer behaviour shift. Strong demand combined with limited supply keeps single-family homes attractive for both homeowners and investors. Limited Supply Supports Long-Term Value Geographic constraints, including the ocean, mountains, and protected green space, limit new detached home construction across Greater Victoria. Planning policies that prioritize higher-density housing further restrict supply, particularly in established areas such as Saanich, Oak Bay, View Royal, and parts of the Westshore. This ongoing scarcity supports long-term price strength. Consistent Buyer Demand Across Market Cycles Detached homes appeal to a wide range of buyers, including families, move-up buyers, downsizers seeking privacy, and long-term investors. Access to outdoor recreation, reputable schools, and established amenities keeps demand steady, helping reduce market volatility compared to other property types. Stronger Resale and Rental Performance Single-family homes typically offer greater resale flexibility and are less impacted by strata rules or special assessments. As rentals, they often attract stable, long-term tenants and command higher rents, with demand frequently exceeding supply in well-located neighbourhoods. Adaptability and Future Potential Detached homes offer flexibility to renovate, add secondary suites where permitted, or improve energy efficiency. Some properties may also benefit from future redevelopment or gentle density opportunities, adding long-term upside. A Hedge Against Market Uncertainty While no investment is risk-free, detached homes in Greater Victoria have historically demonstrated resilience. Their combination of land value, limited supply, and consistent demand makes them one of the most reliable segments in the local real estate market. Lisa Shortt, 5-Star Review, via Google “Scott went above and beyond for us in both finding our dream home and selling our condo. He listened to us and provided professional advice for each circumstance. Would highly 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 “Building Lasting Relationships, One Home at a Time.”