Posts Tagged ‘Victoria BC real estate advice’

Moving from condo to house can feel like a natural next step. More space, more privacy, and more flexibility often sound like clear upgrades. However, condo to house is not just a square-footage decision. It is a lifestyle and cost decision that changes how you live, maintain your property, and plan your budget. For many Victoria homeowners, this move happens after a life change. A growing family, remote work, pets, storage needs, or simply wanting more room can all push the condo to start feeling too small. At the same time, moving into a house means taking on responsibilities that were once shared through strata living. Why this move appeals to so many owners There is a reason people think about leaving condo living behind. A detached house can offer: more indoor space a private yard fewer shared walls room for children, guests, or a home office more control over renovations and day-to-day use less concern about strata rules and restrictions That extra freedom is real. So is the extra responsibility. The biggest mindset shift: you become fully responsible In a condo, many major items are shared or managed through the strata. That does not mean condo ownership is simple, but it does mean certain responsibilities are spread out. In a house, they are yours. That includes: roof maintenance gutters and drainage exterior paint or siding yard care fencing plumbing and electrical repairs heating system upkeep windows, decks, and exterior wear For some buyers, this feels exciting. For others, it is the hidden cost of more freedom. Monthly costs change in a different way One of the most common mistakes buyers make when going from condo to house is comparing only the mortgage payment. A house may remove strata fees, but that does not automatically make ownership cheaper. Instead, the monthly cost structure shifts. Condo costs often include: strata fees shared building maintenance building insurance through the strata fewer direct exterior maintenance expenses House costs often add: higher utility bills property maintenance landscaping or yard tools separate home insurance repair reserves for major items potentially higher property taxes depending on area and value The lesson is simple: do not swap a strata fee for a false sense of savings. Maintenance is no longer somebody else’s problem This is often the biggest real-world adjustment. Many condo owners move into a house because they want more control. That is fair. Just remember that control comes with tasks. Before buying a house, ask yourself: Am I comfortable managing repairs? Do I want to spend weekends on upkeep? Do I have room in my budget for surprise costs? Would I rather maintain a yard or pay strata fees? How old are the roof, windows, furnace, and hot water system? A house can be a better fit. It just needs to be a fit for your time and energy too. Your search criteria need to expand Condo buyers often focus heavily on interior finish, building quality, strata documents, and monthly fees. House buyers still care about those things, but the checklist becomes broader. Now you also need to look at: lot size drainage age and condition of major systems foundation type attic and crawlspace issues neighbourhood fit school catchments if relevant commute and traffic patterns renovation potential long-term resale appeal In other words, the property becomes more complex. So does the due diligence. The emotional shift is bigger than many people expect A condo often offers simplicity. A house often offers possibility. That sounds positive, but it can also create pressure. Buyers moving into a house often start thinking: Should we stretch a little more for the better neighbourhood? Should we buy something move-in ready or something with upside? How much work are we willing to take on? Are we buying for today or for the next ten years? This is why upsizing can feel less straightforward than people expect. More options do not always create more confidence. In fact, Faber’s market strategy work highlights that in a market with more inventory and more choice, clients often need stronger decision support and more structured planning, not less. Selling your condo and buying a house requires coordination This move is often tied to two transactions, not one. That means you need a strategy for: pricing and selling the condo realistically understanding how quickly it may sell knowing your financing position for the house deciding whether to sell first or buy first planning possession dates and move timing A rushed decision on one side can create stress on the other side. For example, overpricing the condo may delay the sale and affect your house purchase plans. On the other hand, buying too quickly without understanding the real costs of house ownership can lead to regret after possession. What condo owners often underestimate about houses Outdoor upkeep A yard looks great in listing photos. It also needs mowing, trimming, weeding, cleanup, and seasonal maintenance. Ongoing repair budgeting In a condo, special assessments feel frustrating because they arrive all at once. In a house, repairs can show up one by one. The cost still arrives. Furnishing and space creep A larger home often needs more furniture, more storage solutions, and more ongoing upkeep inside too. Heating and utility use Detached homes often cost more to heat and cool. Older homes can increase that difference even more. Time This is the overlooked one. A house asks for more attention. Some buyers love that. Others miss the simplicity of condo living more than they expected. What to think about before making the jump 1. Why do you want a house? Make sure the answer is specific. More space is not enough on its own. What problem is the house solving? 2. What kind of house fits your life? Not every detached home offers the same experience. A newer small-lot home, an older character home, and a suburban family house all come with different workloads and benefits. 3. What is your real monthly comfort zone? Build a budget that includes repairs, utilities, insurance, and maintenance, not just mortgage qualification. 4. How much work do you want to take on? There is a big difference between wanting freedom and wanting projects. 5. What is your timing plan? If you need to sell the condo first, build that into the strategy early. If you buy first, understand the carrying risk. A practical framework for moving from condo to house Step 1: Review your current condo position Understand likely sale value, monthly ownership costs, and what equity you can bring forward. Step 2: Define your next-home priorities Separate must-haves from nice-to-haves. Space, yard, location, school area, and condition all need to be ranked. Step 3: Build a house budget properly Include more than mortgage and taxes. Add maintenance reserves, utilities, insurance, and move costs. Step 4: Study the property, not just the photos A house purchase needs stronger due diligence because there are more systems, more components, and more long-term costs. Step 5: Coordinate the move as one plan Treat the condo sale and house purchase as connected decisions, not separate events. Final thoughts Moving from condo to house can be a smart next step, but only when the decision is based on the full picture. More space and freedom can absolutely improve your lifestyle. The key is knowing what extra cost, responsibility, and planning come with that change before you commit. If you are thinking about moving from condo to house in Greater Victoria, contact Faber Real Estate Group for advice on timing, budgeting, and finding the right fit for your next chapter.   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.”

Buying and selling a home at the same time can feel like trying to time two moving targets. The good news is that buy and sell at the same time does not have to mean feeling rushed, pressured, or forced into a bad decision. With the right strategy, the process becomes less about guesswork and more about sequencing, timing, and protecting your options. In Greater Victoria, that matters more than ever. Buyers often have more choice when inventory is higher, while sellers need to be realistic on pricing and timing in a more competitive market. That means the best move is rarely the fastest move. It is the one that gives you enough control to make clear decisions at each stage. Why this feels so stressful Most homeowners are not just making one decision. They are making several at once. How much can I realistically sell for? How quickly will my current home move? Do I buy first or sell first? What happens if one side moves faster than the other? How do I avoid carrying two homes or having nowhere to go? That pressure gets heavier when people think there is only one “right” order. In reality, there are a few workable paths. The right one depends on your finances, your flexibility, and how much risk you are comfortable carrying. The real goal is not perfect timing A lot of people think success means both transactions happen on the exact right day. That is not really the goal. The real goal is to create enough margin so you can make smart decisions without panic. That means planning for timing gaps, knowing your financial limits, and understanding what you will do if the market moves slower or faster than expected. This is especially important in a market where buyers may take longer to act and sellers face more competition. Faber’s own market positioning work notes that today’s clients need decision support, sequencing plans, and proactive communication because more choice does not automatically create more confidence. The three main ways to buy and sell at the same time 1. Sell first, then buy This is the most conservative option. You sell your current home first, know exactly what you have to work with, and then shop with a clear budget and less financial risk. This works well when: you need the sale proceeds to fund the next purchase you want to avoid carrying two properties you prefer certainty over speed you are downsizing or on a tighter budget The downside is that you may need temporary housing or a rent-back arrangement if you do not find the next home quickly. 2. Buy first, then sell This option can work when you have strong finances, access to bridge financing, or enough equity to handle a short overlap. This works well when: you have to secure the next home before letting go of the current one you are moving into a hard-to-find property type your income and financing flexibility can absorb some overlap you want to avoid feeling pressured to settle for the wrong home The risk is simple: if your current home takes longer to sell or sells for less than expected, the pressure shifts from emotional stress to financial stress. 3. Buy with a subject to sale strategy This means making an offer that depends on the sale of your current home. This can reduce risk, but it is not always competitive. Some sellers will accept it, especially if their property has been sitting or if the market gives buyers more negotiating room. Other sellers will pass in favour of a cleaner offer. This works best when: you are in a more balanced or buyer-favouring market the home you want is not attracting multiple offers your current property is likely to sell quickly both parties are realistic and flexible How to reduce the feeling of being rushed Start with your numbers, not the listings The fastest way to feel overwhelmed is to begin with open houses and online searches before you understand your real position. Before you look seriously, get clear on: your likely sale price range your mortgage qualification your cash available for closing costs and moving costs whether bridge financing is available to you the monthly carrying cost you can tolerate if there is overlap That clarity changes everything. Instead of reacting emotionally to each new listing, you can judge opportunities against a plan. Price your current home for movement, not hope When people are trying to buy and sell at the same time, overpricing creates a chain reaction. A home that sits too long delays the next purchase, weakens your negotiating position, and adds stress to every decision. In a market with more listings and more defined outcomes, sellers need clearer expectations on pricing and timelines rather than optimism alone. A strong pricing strategy gives you momentum. Momentum creates options. Know your backup plan before you need it This is where a lot of stress can be avoided. Ask these questions early: Could you stay with family for a short time? Would you consider a short-term rental? Can you negotiate a longer completion date on your sale? Can you ask for a rent-back after closing? Would bridge financing solve the gap if timing is close? The people who feel least rushed are usually the people with a Plan B. Focus on dates, not just price When clients buy and sell at the same time, price gets most of the attention. However, dates often matter just as much. A slightly lower sale price with better timing can be the better overall outcome. Likewise, a purchase with flexible possession may be more valuable than one that looks cheaper on paper but forces a rushed move. In other words, the cleanest transaction is not always the highest number. Sometimes it is the best fit. A practical way to think about the sequence Here is the simplest framework: Step 1: Prepare your current home as if you will list soon Even if you have not committed to listing yet, get the home market-ready. Declutter, handle small repairs, and understand what work is actually worth doing. Step 2: Get a realistic pricing and timing opinion You need to know not just what your home could sell for, but how long it may take in your specific area and property type. Step 3: Confirm financing for your next move Talk to your lender or broker about qualification, down payment timing, and whether bridge financing is an option. Step 4: Choose your risk tolerance Do you want maximum certainty, maximum flexibility, or a balance of both? This is where the sell-first versus buy-first decision becomes clearer. Step 5: Build your offer and listing strategy around timing This includes preferred possession dates, subject options, rent-back possibilities, and what you will do if one side moves faster than the other. Who should usually sell first Selling first is often the better path for: homeowners on a fixed budget downsizers who want less uncertainty anyone relying heavily on sale proceeds clients who would lose sleep carrying two homes There is nothing unstrategic about choosing certainty. In many cases, it is the move that protects both your finances and your peace of mind. Who may be better off buying first Buying first can make sense for: move-up buyers searching for a very specific home clients with strong income and equity households that can handle a temporary overlap people who would rather wait for the right purchase than rush into one after selling This path can work very well, but only when the numbers support it. The biggest mistake to avoid The biggest mistake is treating both transactions like separate events. They are connected. Your list price affects your buying power. Your purchase timeline affects your sale strategy. Your financing affects how aggressive or flexible you can be. When people look at each piece in isolation, they feel pulled in different directions. When they treat it as one coordinated plan, the process becomes much easier to manage. Final thoughts If you want to buy and sell at the same time without feeling rushed, the answer is not to move faster. It is to plan better. The right strategy creates breathing room, reduces emotional decisions, and keeps you in control even when the market feels uncertain. If you are trying to time your next move in Greater Victoria, contact Faber Real Estate Group for a clear step-by-step plan that fits your budget, timeline, and comfort level.   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.”

Knowing how to identify red flags during a home showing can protect buyers from unexpected repair costs and long-term maintenance issues. In Victoria’s competitive but balanced market, buyers often have more time to evaluate properties carefully. While many homes show beautifully, some warning signs can indicate hidden problems beneath the surface. Learning what to watch for helps buyers make informed, confident decisions. Unusual Odours Can Signal Hidden Problems Strong air fresheners, candles, or recently opened windows during a showing can sometimes mask underlying issues. Persistent musty smells may indicate moisture intrusion, mould growth, or ventilation problems. Sewer-like odours can point to plumbing or drainage concerns. While not every smell indicates a major defect, consistent or overpowering scents should prompt further investigation. Signs of Water Damage or Moisture Intrusion Water damage remains one of the most expensive issues homeowners face. Buyers should look for staining on ceilings, bubbling paint, warped flooring, or soft drywall. Basements and crawl spaces deserve extra attention, especially in Victoria’s coastal climate where moisture management is critical. Spotting these red flags during a home showing early can help buyers avoid costly remediation later. Fresh Cosmetic Updates That Seem Strategic New paint and updated flooring can enhance a home’s appeal, but buyers should look closely at why renovations were completed. Fresh paint covering only one wall or section of ceiling may conceal past leaks or repairs. Quick cosmetic upgrades without addressing structural or mechanical systems may suggest deferred maintenance. Structural Warning Signs Cracks in walls, uneven floors, or doors that do not close properly can indicate structural movement. Minor settling is normal in many homes, especially older Victoria properties, but large horizontal cracks or significant floor sloping should raise concerns. Structural repairs can be expensive and may require professional evaluation before moving forward. Electrical and Plumbing Irregularities Outdated electrical panels, exposed wiring, or a lack of grounded outlets can signal safety and insurance challenges. Buyers should also check water pressure, drainage speed, and signs of pipe corrosion. These issues are common in older homes and do not automatically eliminate a property from consideration, but they should factor into negotiations and budgeting. Poor Exterior Maintenance The exterior often reveals how well a home has been maintained overall. Peeling paint, damaged roofing, deteriorating siding, or failing gutters can indicate broader upkeep issues. In Victoria’s climate, proper drainage and roof condition play major roles in preventing moisture intrusion. Exterior neglect can suggest future repair costs beyond cosmetic fixes. Neighbourhood and Location Concerns A showing should include evaluating the surrounding area. Excessive traffic noise, nearby commercial activity, or poorly maintained neighbouring properties can impact long-term enjoyment and resale value. Buyers should visit at different times of day to gain a full perspective of the property and community environment. Documentation and Disclosure Gaps Incomplete disclosure statements, missing renovation permits, or unclear strata documentation can be major warning signs. Buyers should review available records carefully and ask questions about past repairs, upgrades, and building maintenance. Proper documentation supports transparency and reduces legal or financial risk. Why Professional Inspections Still Matter Even experienced buyers can miss hidden defects. Home inspections, strata document reviews, and specialist evaluations provide objective assessments of property condition. Identifying red flags during a home showing helps buyers decide whether to proceed, negotiate, or request further inspections before finalising a purchase. Making Smart and Confident Buying Decisions Every property has minor imperfections, but recognising major warning signs helps buyers separate manageable maintenance from serious risk. Victoria’s housing market offers diverse property options, and careful evaluation ensures buyers choose homes that align with both lifestyle goals and financial comfort. Past performance does not dictate future results, but informed due diligence consistently leads to stronger real estate outcomes. If you are planning to view homes in Greater Victoria, reach out to our team to help you evaluate properties, identify potential concerns, and confidently navigate your home search.   Matt, 5-Star Review, via Google Professional, knowledgeable and just stand up guys. Would recommend for all your real estate needs! 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 buyers compare Fernwood vs Fairfield Victoria BC, they are usually not choosing between a good area and a bad one. They are choosing between two strong neighbourhoods that offer very different versions of Victoria living. Both are established, desirable, and close to the urban core, but the day-to-day feel is not the same. The City of Victoria identifies both as distinct neighbourhoods within the city, and both have active community associations and established planning frameworks that shape how they evolve. The real difference is not price alone A lot of buyers start with price, but that usually is not the best first filter. The better question is this: Do you want a neighbourhood that feels a little more eclectic and community-driven, or one that feels more polished, coastal, and traditionally residential? That is where the Fernwood versus Fairfield decision usually becomes clearer. Why Fernwood appeals to so many buyers Fernwood tends to attract buyers who want character, creativity, and a stronger sense of neighbourhood identity. The City-approved Fernwood neighbourhood plan was adopted in July 2022, and the planning work around Fernwood emphasizes housing choice, sustainable transportation, and the role of Fernwood Village as a local centre. The City also describes Fernwood Village as a cluster of well-maintained, intact, and regionally significant heritage buildings centred on Fernwood Avenue and Gladstone Avenue. In practical terms, Fernwood often appeals to buyers who value: heritage character local independent-business energy a community-oriented atmosphere a more urban, artsy, lived-in feel housing with personality rather than polish alone Fernwood also has a strong community identity beyond real estate. Fernwood NRG describes itself as a neighbourhood house run by and for Fernwood residents, which reinforces the area’s reputation for grassroots community involvement. Why Fairfield draws a different type of buyer Fairfield usually attracts buyers who want a quieter residential setting with a more classic Victoria feel. City planning documents for Fairfield identify village nodes such as Fairfield Plaza Village, Five Points Village, and Moss Street Village, and the broader area is closely tied to major outdoor amenities and shoreline access. The City describes Beacon Hill Park as the crowning jewel in Victoria’s park system, with roughly 740,000 square metres of parkland, while Dallas Road Beach is identified by the City as offering beach access, water views, and trails and paths. That usually makes Fairfield attractive to buyers who value: a more established residential feel access to major parks and shoreline walking a quieter streetscape in many pockets a classic South Victoria lifestyle a neighbourhood that often feels more traditional and tucked in Fairfield is often less about edge and more about ease. How the housing feel differs This is where the comparison becomes more useful for serious buyers. Fernwood Fernwood often feels more varied. Buyers will notice a mix of older character homes, smaller lots, converted properties, and a broader blend of housing types as the neighbourhood evolves. Because the neighbourhood plan focuses on housing choice and village-centred growth, Fernwood can feel more dynamic and more layered block to block. Fairfield Fairfield often feels more consistently residential. Even as housing policy changes continue across Victoria, Fairfield has long been associated with traditional residential form, and planning documents continue to frame parts of the area around village nodes within a largely established neighbourhood fabric. That difference matters because some buyers want variety and evolution, while others want consistency and predictability. Lifestyle fit: which one feels more like you? This is usually the fastest way to narrow it down. Fernwood may be the better fit if you want: more character and neighbourhood personality a stronger arts and community vibe a less polished, more organic streetscape easier comfort with mixed housing forms and gradual change a neighbourhood that feels creative and active Fairfield may be the better fit if you want: a calmer, more residential atmosphere close access to major green space and waterfront walking a classic Victoria setting a neighbourhood that feels established and timeless a more traditionally residential day-to-day experience Neither choice is more “correct.” They just serve different buyer priorities. What buyers often miss in this comparison The biggest mistake is assuming the choice is only about prestige or popularity. It is not. The better choice usually comes down to how you want to live Monday through Friday, not just how the area feels on a sunny Saturday afternoon. For example: If you want a neighbourhood with a little more texture and community energy, Fernwood may feel more natural. If you want a calmer residential setting with easier access to landmark outdoor spaces, Fairfield may feel stronger. If you are buying for long-term lifestyle stability, street-by-street fit matters more than broad reputation. That is especially true in Victoria, where neighbourhood transitions can happen quickly over only a few blocks. Which neighbourhood is better for resale? Both can hold strong appeal, but for different reasons. Fernwood often attracts buyers who are drawn to character, walkability, and community identity. Fairfield often attracts buyers who prioritize location stability, park access, and a classic South Victoria feel. In other words, both have strong demand drivers, but the buyer pools are not always identical. This is why resale strength is often more about matching the right property to the right neighbourhood expectation than trying to declare one area universally better. That conclusion is an informed market inference based on the neighbourhood characteristics and planning context above. The bottom line Fernwood and Fairfield are both excellent Victoria neighbourhoods, but they appeal to different instincts. Fernwood tends to suit buyers who want character, culture, and a stronger neighbourhood pulse. Fairfield tends to suit buyers who want a quieter residential setting, classic Victoria appeal, and close access to park and waterfront amenities. The best choice is usually not the one with the strongest reputation. It is the one that fits the way you actually want to live. If you are deciding between Fernwood and Fairfield, contact Faber Real Estate Group for local guidance on which neighbourhood better fits your budget, lifestyle, and long-term goals. Grace C., 5-Star Review, via Google “Zach is very pleasant and professional at all times. He's great to work with. He helped us find a great home for our family. Thank you.” 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.”

Westshore real estate selling strategy matters more in 2026 because resale homes are no longer competing only with the home down the street. In Langford and Colwood, you are also competing with developers, staged showhomes, polished marketing campaigns, and incentive packages. Westshore inventory is being shaped by volume. Condos, townhomes, and detached homes are being delivered at scale. If you ignore that reality, you risk longer days on market and price reductions. If you work with it, you can still sell quickly and confidently. Developers Are Setting Buyer Expectations Langford continues to see one of the highest volumes of new construction in Greater Victoria. Projects often launch with coordinated marketing, presentation centres, and incentives that make buyers feel they are getting a “complete package.” Developers can offer: Deposit structures spread over time Appliance or upgrade packages Completion flexibility GST inclusions or credits in certain cases Professionally staged model units That becomes the benchmark. When buyers tour resale homes afterward, they compare immediately. That comparison shapes your pricing power and your negotiation leverage. How This Impacts Each Property Type Condos in the Westshore New towers can create psychological price ceilings. Even if your condo is well maintained, buyers often ask: How old is the building? Is there depreciation report risk? Are there upcoming special assessments? When a new project offers warranties and new amenities, resale condos must compete on value and clarity, not hope. The tactical move: Price decisively from day one Highlight upgrades clearly (flooring, appliances, fixtures, storage) Emphasize move-in readiness Provide strata documents early and proactively Townhomes Townhomes remain a sweet spot for many first-time buyers in the Westshore. The challenge is that pre-sale townhome communities often launch with modern finishes and buyer-friendly deposit structures. Resale townhome sellers need to compete on: Timing: you can offer immediate possession Certainty: buyers can see the finished product Layout advantages: larger rooms, better parking, better yard space, or better storage (when applicable) If a new phase is launching nearby, “testing the market” is rarely effective. Detached Homes Detached homes face a different comparison set. Buyers now weigh older detached homes against: New detached builds (where available) High-end townhomes with newer finishes and lower maintenance Common buyer questions include: What upgrades have been completed? Is the home energy efficient? Are there insurance or inspection concerns? If your home needs updates, the price must reflect that quickly. Buyers calculate renovation costs fast in this environment. Why Some Westshore Homes Still Sell in 7 to 14 Days Even during heavy new construction cycles, resale homes can sell quickly when they: Price correctly at launch Show better than competing resale inventory Position clearly against nearby developments Market to a defined buyer, not everyone Homes that struggle usually: Start high “to see what happens” Ignore new inventory nearby Assume last year’s value still applies Westshore real estate rewards decisiveness right now. The Tactical Seller Playbook for 2026 If you are considering selling in Langford or Colwood, this is a simple framework that holds up in today’s market. 1) Identify Your True Competition Ask what is coming next, not what sold last. A new condo building two blocks away A townhome phase launching next month A detached subdivision completing soon We map the competition before pricing. 2) Position, Then Price Price alone is not the strategy. Positioning is. We define: Who your buyer is Why they would choose resale over new What your timing advantage is (possession, condition, certainty) Then we price with urgency. 3) Launch Strong In a developer-influenced market, first impressions carry more weight. That means: Professional photography Clear feature sheets that explain the value Transparent documentation (especially strata) Immediate showing availability Delayed momentum is expensive. What This Means for Westshore Sellers New construction is not a threat. It is a variable. When handled correctly, resale homes can benefit from the attention new projects bring to the region. Buyers who get priced out of new builds often pivot to resale quickly, but only if the resale option is positioned properly. The key is to price with forward awareness, not backward attachment. A Westshore real estate selling strategy that accounts for nearby development competition is one of the simplest ways to protect your timeline and your outcome. If you are thinking about selling in the Westshore this year, contact Faber Real Estate Group to map your competition and build a pricing and launch plan that fits today’s market. Debbie N., 5-Star Review, via Google “From start to finish, Scott and Cal were amazing to work with. I hadn't moved in nearly 22 years and going from a house to a condo was a very difficult decision, but they were amazingly patient and responsive to my needs. This team doesn't just say that they care, they actually do. I couldn't have done this without them. I would recommend them to anyone. You will be in the best hands. Thank you Faber 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.”

The Greater Victoria real estate market continued to show signs of stability and steady activity in February 2026. According to the Victoria Real Estate Board, 465 properties sold across the region, representing a 37.2 percent increase from January, though still 11.9 percent lower than February 2025. While year-over-year comparisons show some moderation, the strong month-to-month growth indicates that buyers are returning to the market as we move toward the spring season. Inventory is also expanding, giving buyers more options than they have seen in recent years. Active listings rose to 2,903 properties, up 10.6 percent from January and 10.4 percent higher than the same time last year. For many buyers and sellers, this signals a shift toward a more balanced real estate environment where neither side holds a dramatic advantage. Local REALTOR® Scott Faber notes that the Victoria market continues to behave differently than many larger Canadian markets. “There’s a lot of noise coming out of Vancouver and Toronto,” Scott Faber says. “However, our market here is very stable and resilient compared to other markets across Canada.” Insights for Buyers For buyers entering the market this spring, the increased inventory is creating more breathing room to explore options and make thoughtful decisions. With nearly three thousand active listings available, buyers can take time to compare homes, neighbourhoods, and property types more carefully than they could during the intense competition of previous years. Scott Faber explains that condominiums may offer particular opportunity right now. “If you’re a buyer looking for a condo this spring, this is definitely a good time to explore those options,” Scott Faber says. “Especially for downsizers or first-time homebuyers, there’s a lot of choice available and mortgage rates have come down significantly compared to last year.” However, the single-family home segment remains competitive in certain price ranges. Scott Faber notes that homes under $1.2 million with suites are attracting strong demand, particularly in areas like Saanich and Langford. “One of our listings had 18 showings within two weeks,” Scott Faber says. “And we’ve been in multiple-offer situations on several homes under a million dollars, some with suites and some without.” Because of this continued competition in certain segments, preparation remains critical. “If you’re looking for a single-family home, get prepared with a mortgage pre-approval and talk to your real estate professional so you’re ready to act,” Scott Faber advises. Insights for Sellers For sellers considering entering the market this spring, the February activity provides an important takeaway: preparation and presentation matter more than ever. While buyers have more inventory to choose from, homes that are properly priced and move-in ready are still attracting strong interest and selling quickly. Properties that are not show-ready, however, may take longer to move in a market where buyers have more choice. Scott Faber sees this trend clearly when working with clients. “When a home is priced to sell and it’s move-in ready, buyers are moving quickly,” Scott Faber says. “But the homes that aren’t show-ready or require significant updates tend to sit longer because buyers simply have more options right now.” For sellers, this makes professional strategy essential. “I always recommend choosing a professional real estate team that understands how to position your home properly in today’s market,” Scott Faber says. “If your home is well-appointed, marketed correctly, and priced appropriately, you’re going to have a good experience selling.” Market Outlook Looking ahead to the spring market, Greater Victoria appears to be entering a period of stability rather than volatility. The benchmark price for a single-family home in the Victoria Core is now $1,307,400, a modest 0.9 percent decrease from last year, though prices have increased since January. Condominiums show a similar pattern, with a benchmark value of $545,600, down slightly year-over-year but rising month-over-month. Scott Faber believes these numbers reflect a market that is finding its balance. “What we’re seeing right now is a balanced market,” Scott Faber says. “We’re not seeing the large supply increases that some people expected, and when the market is balanced it creates great opportunities for both buyers and sellers.” As the spring market approaches, activity is expected to continue building. Buyers will likely benefit from increased inventory, while sellers who prepare their homes properly can still capture strong demand. Final Thoughts February’s data and on-the-ground experience point to a clear conclusion: the Greater Victoria real estate market remains steady, resilient, and balanced. Buyers now have more options and greater confidence as prices stabilize and inventory expands. Sellers, meanwhile, can still achieve excellent results when their homes are positioned correctly in the marketplace. For those considering a move this year, understanding these local dynamics is critical. If you are thinking about buying or selling in Greater Victoria, connect with Scott Faber and the Faber Real Estate Group for personalized guidance and expert insight into today’s market opportunities. Scott L., 5-Star Review, via Google “I had the pleasure of working with the Faber Group to sell my house, and I couldn't be more pleased with the experience. Cal and Scott from the Faber Group provided exceptional service from start to finish. Their expertise and guidance were instrumental in preparing my home for sale, ensuring it was presented in the best possible light for maximum return on investment. They demonstrated a deep understanding of the market, strategically timing the listing to attract the right buyers. Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Understanding how inventory levels affect your buying power is essential when purchasing a home in Greater Victoria. Inventory refers to the number of properties available for sale at any given time. When inventory shifts, buyer leverage, pricing trends, and competition levels often shift with it. Learning how these market changes influence negotiating strength helps buyers make more strategic decisions. What Inventory Levels Mean in Real Estate Inventory levels measure supply relative to buyer demand. When listings increase, buyers typically gain more choice and flexibility. When listings decrease, competition often rises and sellers gain more control. Recognizing how inventory levels affect your buying power allows buyers to time their purchase and adjust expectations accordingly. Higher Inventory Usually Strengthens Buyer Leverage When inventory rises, buyers often benefit from increased negotiating power. More available listings reduce urgency and allow buyers to compare homes carefully. Sellers may become more open to price adjustments, condition negotiations, or flexible closing dates. Higher inventory can also reduce the likelihood of multiple offer situations, helping buyers maintain stronger financial and emotional control. Lower Inventory Often Creates Competitive Pressure Limited inventory typically leads to higher competition. Buyers may face multiple offer scenarios, faster decision timelines, and fewer negotiation opportunities. In tighter markets, well priced homes often attract strong interest quickly. Buyers may need to act decisively and ensure financing, inspections, and deposit readiness to remain competitive. Balanced Markets Provide Strategic Opportunities Greater Victoria occasionally experiences balanced market conditions where supply and demand remain relatively aligned. In these environments, buyers benefit from stable pricing and reasonable selection while sellers still attract qualified interest. Balanced markets often allow buyers to perform due diligence without rushing while maintaining confidence in long term value stability. Inventory Impacts Pricing Trends Inventory levels influence pricing behaviour over time. Rising supply can slow price growth and create more stable values. Declining supply can increase upward price pressure as buyers compete for limited options. While price movement depends on multiple economic factors, inventory remains one of the most direct indicators of market momentum. Property Type Inventory Matters Too Inventory changes do not affect every property segment equally. Condominiums, townhomes, and single family homes often experience different supply cycles. For example, higher condo inventory may create entry level opportunities, while limited single family supply can maintain strong demand for detached homes. Buyers who remain flexible across property types often improve their overall purchasing options. Seasonal Inventory Patterns Influence Timing Real estate inventory often increases during spring and early summer when more sellers list their homes. Winter months typically show lower supply and reduced activity. Buyers who understand seasonal patterns can prepare financing and search criteria ahead of peak listing periods to gain an advantage when new inventory enters the market. Financing and Confidence Move With Inventory Higher inventory can improve buyer confidence by reducing pressure to waive conditions or stretch budgets. Buyers often feel more comfortable negotiating when they know alternative options exist. Lower inventory can create urgency, which sometimes leads buyers to make faster or more aggressive purchasing decisions. Making Smart Decisions in Changing Markets Monitoring inventory trends helps buyers align strategy with current market conditions. Working with local real estate professionals provides insight into micro market supply levels, neighbourhood specific trends, and property type availability. While past performance does not dictate future results, understanding supply patterns helps buyers navigate market changes with greater clarity. If you are considering purchasing a home in Greater Victoria, contact our team to review current inventory trends and develop a strategy tailored to your home search goals.   Andy M., 5-Star Review, via Google “Thank you so much to Faber group for their amazing customer service. Cal and Scott were there for us every step of the way and we couldn’t be more pleased with our sale and purchase.” 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.”

Downsizing is not just about moving into a smaller home. For many homeowners, it represents a shift toward simplicity, flexibility, and a lifestyle that better matches current needs. Knowing when the timing is right can make the transition smoother and more rewarding. Here are some clear cues that it may be time to consider downsizing. Your Home No Longer Fits Your Lifestyle If certain rooms go unused or stairs and maintenance feel more burdensome than beneficial, your home may no longer align with how you live day to day. A space that once felt perfect can start to feel inefficient as needs change. Maintenance and Upkeep Feel Overwhelming Larger homes often come with higher maintenance demands, from yard work to repairs and ongoing upkeep. If managing the home takes more time, energy, or money than you would like, downsizing can reduce stress and free up resources. You Want to Free Up Equity Downsizing can unlock home equity that can be redirected toward travel, retirement planning, investments, or helping family. In many cases, a smaller home or condo allows homeowners to maintain comfort while improving financial flexibility. Your Priorities Have Shifted As lifestyles evolve, priorities often change. Proximity to amenities, healthcare, social activities, or walkable neighbourhoods may become more important than square footage. Downsizing can allow you to move closer to what matters most. You Are Thinking Ahead Planning ahead is one of the strongest reasons to downsize. Moving while you have the time and flexibility to choose the right home and location can prevent rushed decisions later. Many homeowners prefer to downsize on their own terms rather than out of necessity. Market Conditions Support a Move Favourable market conditions, strong demand for your current home, or increased options in smaller properties can make downsizing more appealing. Understanding how current trends affect both selling and buying is essential when evaluating timing. You Want a Simpler Day-to-Day Routine Downsizing often leads to a more manageable lifestyle, with less cleaning, lower utility costs, and fewer responsibilities. For many, this simplicity translates into more time for hobbies, travel, and personal interests. Is Now the Right Time to Downsize The right time to downsize depends on your personal goals, financial situation, and lifestyle preferences. There is no one-size-fits-all answer. A thoughtful approach, supported by local market knowledge, can help ensure the move aligns with both short-term and long-term plans. If you are considering downsizing, understanding your options and timing can make all the difference in creating a smooth and confident transition.   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, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Moving away from Victoria comes with a long to-do list, and finding a reliable realtor in a new city is often one of the biggest challenges. Choosing the right professional from the start can make the entire transition smoother, more efficient, and far less stressful. Here is the most effective way to find a trusted realtor when you are relocating. Why Choosing the Right Realtor Matters More When You Are Moving When you are buying or selling in a new city, local knowledge is critical. Market conditions, pricing strategies, neighbourhood dynamics, and even contract norms can vary significantly from region to region. A strong local realtor can save you time, money, and unnecessary stress during an already busy move. Online reviews and random referrals may not give you the full picture. That is where a trusted connection becomes invaluable. The Smartest First Step Is to Ask Your Victoria Realtor If you are already working with a realtor in Victoria, the simplest and most reliable solution is to ask them for a referral. Established real estate professionals maintain extensive networks built through years of industry involvement, professional associations, and ongoing collaboration. We regularly connect clients with realtors across British Columbia and throughout Canada who we know and trust personally. Access to a Proven Network of Top-Performing Realtors Through networking, family and friends, and long-standing professional relationships, we have access to a wide range of experienced realtors in other markets. Many of these agents are top producers, award winners, and leaders within their local real estate boards. This means you are not just being referred to someone available, but to someone with a proven track record, strong negotiation skills, and deep local expertise. Personalized Referrals Based on Your Needs Every move is different. Whether you are relocating to a major city, a smaller community, or a completely different province, we take the time to match you with a realtor who fits your goals. This includes your budget, timeline, property type, and level of service expectations. Because these referrals are built on professional trust, there is also a higher level of accountability and communication throughout the process. A Seamless Experience From One Market to the Next One of the biggest benefits of a referral is continuity. Your Victoria realtor can coordinate directly with your new agent, ensuring a smooth handoff and consistent strategy. This is especially valuable if you are selling in Victoria and buying elsewhere at the same time. Moving Away Does Not Mean Starting Over Relocating does not mean navigating an unfamiliar market alone. Leveraging trusted connections can make the process far more efficient and significantly reduce risk. If you are planning a move away from Victoria and want a trusted referral to a top-performing realtor in your next city, we would be happy to help. Vince Reda, 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 “Building Lasting Relationships, One Home at a Time.”