Posts Tagged ‘Victoria real estate’

A budget is important, but it should never be the only filter guiding a home search. Many buyers start with a monthly payment or purchase price in mind, then assume the right home will naturally appear within that number. In reality, shopping by budget alone often leads buyers toward the wrong property type, the wrong location, or the wrong compromises. In Greater Victoria’s current market, buyers have more room to compare options and complete due diligence than they did in more competitive years, with 3,261 active listings at the end of March 2026, up 7.9% from March 2025. VREB also noted that today’s market is giving both buyers and sellers more time to make decisions and complete due diligence. The problem is not having a budget. The problem is treating that budget as the full strategy. Mistake 1: Assuming the Cheapest Option Is the Best Value Many buyers focus on finding the most home for the lowest price. On paper, that feels sensible. In practice, it can lead to buying a home that costs less upfront but more over time. A lower-priced property may come with higher strata fees, deferred maintenance, a weaker location, or renovation needs that stretch far beyond the original budget. What looks affordable at first can become more expensive once repairs, updates, insurance, commuting costs, or future resale challenges are factored in. The better question is not, “What is the cheapest home I can buy?” It is, “What gives me the best overall value for how I want to live?” Mistake 2: Ignoring Location to Max Out Square Footage This is one of the most common trade-offs buyers make without fully thinking it through. They chase more bedrooms, a larger yard, or a newer finish, but give up too much in location. That can mean a longer commute, less walkability, fewer nearby amenities, a less suitable school catchment, or a neighbourhood that does not fit their day-to-day life. The home may look better online, but it may feel less practical once real life sets in. In a region made up of many micro-markets, the same budget can buy very different lifestyles depending on whether you are looking in Victoria, Saanich, Langford, or elsewhere. VREB specifically notes that Greater Victoria is a relatively small area made up of many micro-markets with varying conditions and demand. Mistake 3: Shopping at the Top of the Budget With No Cushion Just because a lender approves a certain number does not mean that number is comfortable. Buyers who stretch to the top of their approval range often leave too little room for the rest of ownership. Closing costs, moving expenses, immediate repairs, furniture, utility changes, property taxes, and rising day-to-day expenses can quickly create pressure after possession. A home should support your life, not squeeze it. The strongest buying position is often a budget that still leaves room for flexibility after the keys are in your hand. Mistake 4: Looking Only at Price, Not Monthly Ownership Cost Two homes with the same purchase price can feel completely different financially. A condo may come with strata fees and special assessment risk. A detached home may come with higher utility bills and maintenance costs. An older property may require near-term upgrades. A newer one may reduce maintenance for a while but carry a premium upfront. Buyers who only compare purchase price often miss the real monthly cost of ownership. That is where budget-only shopping starts to break down. Mistake 5: Overlooking Future Resale Appeal When buyers are focused only on what they can afford today, they sometimes forget to ask whether the property will still be attractive when it is time to sell. A home with a challenging layout, limited parking, poor natural light, a busy location, or an unusual strata setup may fit the budget now, but could be harder to move later. Affordability matters, but marketability matters too. This is especially important in a market where buyers have more choice. More inventory means more comparison, which can make weaker listings stand out for the wrong reasons. March 2026 sales in the VREB region were 579, while active listings stood at 3,261, reflecting a market where buyers have selection and can be more selective. Mistake 6: Not Matching the Budget to the Right Property Type Some buyers start with a detached-home goal no matter what their price range supports. Others dismiss condos or townhomes too quickly because they are focused on the biggest possible purchase. That can create frustration and wasted time. In some price points, a well-located condo or townhouse may be the smarter first step than forcing a detached purchase that comes with too many compromises. The right property type depends on your stage of life, timeline, maintenance tolerance, and long-term plan. Budget should inform that decision, but not dominate it. Mistake 7: Treating the Search Like a Spreadsheet Problem Real estate decisions are financial, but they are not only financial. A purely budget-driven search can cause buyers to overlook lifestyle fit, stress level, future plans, and how the home actually functions on a daily basis. The cheapest option is not always the one that creates the most stability or the best next move. Sometimes the smarter buy is smaller, better located, easier to maintain, or more appealing for resale. Sometimes it is not the property that wins the spreadsheet. It is the one that fits your life best. What Buyers Should Do Instead A stronger approach is to build the search around five filters, not just one: budget location property type monthly carrying cost long-term fit When those five pieces are aligned, buyers make clearer decisions and avoid chasing homes that look affordable but are wrong in more important ways. Final Thoughts Budget matters, but it should be the starting point, not the entire plan. The biggest mistakes buyers make when shopping by budget alone usually come down to forgetting that a home is more than a price tag. It is a lifestyle decision, a financial commitment, and a future resale asset all at once. In a market like Greater Victoria, where current conditions are giving buyers more time and more choice, the best results usually come from comparing value more carefully, not just spending more aggressively. If you want help building a search strategy that looks beyond just price, contact Faber Real Estate Group for advice tailored to your budget, lifestyle, and 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.”

A strong long-term value property Victoria buyers should look for is not always the newest or most polished listing. More often, it is the property that will remain useful, desirable, and financially defensible as your life changes and the market shifts. That matters in today’s market because buyers have more inventory to compare than they did in the tighter conditions of recent years. At the end of February 2026, the Victoria Real Estate Board reported 2,903 active listings, up 10.4 per cent from February 2025. The Victoria Core benchmark was $1,307,400 for a single-family home and $545,600 for a condo. When buyers focus only on finishes, they can miss the deeper question: will this property still make sense years from now? That is where long-term value lives. Start with location, not just the listing itself A beautiful home in a weak location can become harder to defend over time. A simpler home in a consistently desirable area often holds up better. In Victoria, long-term value is usually supported by locations that stay practical through changing market conditions. That often means proximity to employment areas, schools, daily services, parks, and transit. These are the features buyers tend to keep paying for, even when the market becomes more selective. A good question to ask is not just, “Do I like this neighbourhood today?” It is, “Will buyers still want this area when I eventually sell?” Look for a layout that can adapt Long-term value improves when a property can serve more than one stage of life. That could mean: a bedroom and bathroom on the main floor space for a home office a lower level with suite potential a layout that works for a couple, a family, or downsizers enough storage and functional living space for daily life The most resilient homes are often the ones that can adjust with changing needs. A property that only works for one very specific buyer profile may still sell, but it often has a smaller resale pool. Pay attention to flexibility and future utility One of the clearest signs of long-term value is flexibility. In Victoria, that can include a legal suite, a layout that could support secondary accommodation, or land and zoning context that gives the property more than one use case. The City of Victoria’s Missing Middle and residential infill framework allows forms such as houseplexes, corner townhouses, and heritage-conserving infill in applicable areas, and the city notes that other forms of residential infill are now permitted in most areas. That does not mean every property should be valued as a redevelopment play, but it does mean flexibility has become a more important part of how buyers assess value. A property can have stronger long-term value if it offers: legal income potential multigenerational living options adaptable finished space lot characteristics that widen future use value even without relying on speculative redevelopment Separate cosmetic issues from functional problems Some homes look dated but still make excellent long-term purchases. Others look updated but have underlying problems that can weaken value later. Cosmetic issues are usually easier to manage, such as: old paint colours tired flooring dated fixtures older but functional kitchens and bathrooms Functional issues are more important to weigh carefully, such as: awkward layouts poor natural light very limited storage expensive deferred maintenance aging roofs, windows, or building systems weak strata planning in a condo building A smart buyer learns to tell the difference. Cosmetic flaws can create opportunity. Functional obsolescence can create drag. Think about resale before you own it A property with long-term value should have a believable resale story. That usually means: a sensible floor plan enough parking for the area and property type outdoor space that feels usable broad lifestyle appeal a price point supported by steady demand a location and design that do not require too much explanation If you already know you will need to “sell the buyer” on the home’s weaknesses, that is worth noticing. Long-term value is often tied to how easy the property will be to understand and appreciate later. In today’s market, buyers can afford to be more selective This is one reason long-term thinking matters right now. Victoria buyers are no longer making decisions in the same ultra-tight environment that defined some recent years. More active listings mean more comparison, and that usually puts pressure on homes with weaker fundamentals. BCREA has also reported that provincial inventory is running near its highest level in over a decade, while its 2026 first-quarter forecast update says markets are expected to remain balanced in 2026 with price growth tempered by supply. That does not mean value disappears. It means buyers have a better chance to choose carefully. What long-term value can look like by property type Detached homes Detached homes often hold long-term value through a combination of land, flexibility, and family appeal. Homes with suites, usable yards, and adaptable layouts tend to offer broader demand over time. Condos For condos, long-term value often comes down to the building as much as the unit. A practical floor plan, good light, strong location, and responsible strata management usually matter more than trendy finishes. Townhomes Townhomes can offer strong long-term value when they balance space, livability, and manageable ownership costs. Functional layouts and family-friendly design tend to age well. A better question to ask before buying Instead of asking, “Will this property go up quickly?” ask: “Will this home still make sense if I own it for 7 to 10 years?” That question tends to reveal the things that actually matter: location durability layout flexibility maintenance risk resale depth income or suite potential overall usability That is how buyers move from short-term excitement to long-term strategy. Final thoughts A strong long-term value property Victoria buyers should prioritize is rarely just the best-staged listing or the one with the newest finish package. It is usually the property with lasting utility, flexible appeal, manageable risk, and a location buyers are likely to keep valuing. If you want help evaluating which homes offer real long-term value in Victoria, contact Faber Real Estate Group for practical guidance tailored to your goals, budget, and timeframe. Gerry L., 5-Star Review, via Google “It was a true pleasure working with Cal. We could not have asked more from Cal in how he looked after us from showing to closing. He made the whole process as easy as possible for us, and it was obvious that he cares about his clients and looking after them. The communication from both Cal and Scott was clear, fast and professional. We would absolutely recommend the 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.”

If you are buying a home in British Columbia, you may wonder what does a real estate lawyer do and why their role is essential. While your Realtor negotiates the contract and your lender arranges financing, your lawyer handles the legal transfer of ownership and ensures the transaction closes properly. Here is a clear breakdown of their role in the home buying process. Reviewing the Contract Once you have an accepted offer, your lawyer reviews the Contract of Purchase and Sale. They confirm key details such as: • Legal property description• Purchase price and deposit• Completion and possession dates• Included and excluded items If something does not align legally or financially, they flag it early. Conducting a Title Search One of the most important answers to what does a real estate lawyer do is this: they protect you from hidden legal issues. Your lawyer conducts a title search through the Land Title Office to confirm: • The seller has legal ownership• There are no unexpected liens or judgments• Registered charges, easements, or covenants are disclosed This ensures you receive clear title on completion. Coordinating With Your Lender Your mortgage lender sends instructions directly to your lawyer. The lawyer: • Prepares mortgage documents• Registers the lender’s charge on title• Ensures funds are transferred correctly Without this coordination, the lender will not release mortgage funds. Preparing Closing Documents Before completion, you will meet with your lawyer or notary to sign documents. These include: • Property transfer forms• Mortgage documents• Tax declarations• Adjustments statements Your lawyer calculates adjustments for property taxes, strata fees if applicable, and utilities. This ensures each party pays their fair share as of the completion date. Registering the Transfer On completion day, your lawyer: • Transfers purchase funds to the seller’s lawyer• Registers the property in your name• Registers the mortgage on title Only after registration is complete does ownership officially transfer. Explaining Closing Costs Your lawyer provides a detailed statement of adjustments outlining: • Property Transfer Tax• Legal fees• Title registration fees• Disbursements They ensure you understand the financial breakdown before closing. Lawyer vs Notary in BC In British Columbia, both real estate lawyers and notaries can handle standard residential closings. Lawyers may be preferable if the transaction involves: • Estate sales• Complex title issues• Divorce or separation matters• Corporate ownership structures For straightforward purchases, either professional can complete the process efficiently. Why Their Role Matters Understanding what a real estate lawyer does helps buyers appreciate how much legal protection is built into the process. They safeguard your funds, verify ownership, register your title, and ensure compliance with provincial requirements. Without this step, the transaction cannot legally close. The Bottom Line A real estate lawyer ensures your purchase is legally sound, financially accurate, and properly registered. Their work happens mostly behind the scenes, but it is critical to protecting one of your largest investments. If you are preparing to buy in Greater Victoria and want recommendations for trusted real estate lawyers or notaries, reach out anytime and we would be happy to connect you with experienced professionals. Lena N., 5-Star Review, via Google “I have worked with Scott and Zach on my listing and it has been a pleasure to work with both diligent and professional agents. They have been communicative and friendly as buyers agents. Hope to do more collaboration and deals with you both in the near 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.”

If you are wondering how long does it take to buy a home, the short answer is usually 30 to 90 days. However, the true timeline depends on preparation, financing, market conditions, and the type of property you purchase. In competitive markets like Greater Victoria, preparation often determines whether the process moves quickly or drags out. Below is a clear breakdown of what to expect and why timelines vary. Step 1: Mortgage Pre-Approval Timeframe: 1 to 7 days Before you start shopping, secure a mortgage pre-approval. This step confirms your budget and strengthens your negotiating position. Delays typically happen if income documents, tax returns, or credit issues require clarification. Well-prepared buyers can complete this step in a few days. Step 2: Home Search Timeframe: 1 week to several months This is the most unpredictable stage. Some buyers find the right home within days. Others take months. Why the variation?• Inventory levels• Price range• Property type• Decision-making speed• Competition In a low-inventory market, buyers may need to act quickly. In a balanced market, you may have more time to compare options. Step 3: Offer to Accepted Contract Timeframe: 1 to 3 days Once you find the right property, negotiations can move fast. In competitive situations, offers may be reviewed within 24 hours. In slower markets, negotiations can take a few days. Step 4: Subject Removal Period Timeframe: 5 to 14 days In British Columbia, most offers include subjects such as:• Financing approval• Home inspection• Insurance confirmation• Strata document review if applicable This due diligence period protects the buyer. The complexity of the property affects the timeline. Condos often require additional review time compared to detached homes. Step 5: Closing and Possession Timeframe: 30 to 60 days after subject removal After subjects are removed, the legal and financial work begins. Lawyers or notaries prepare transfer documents, lenders finalize funding, and adjustments are calculated. A typical completion date is about 30 to 60 days after the contract becomes firm. However, this can be shorter or longer depending on seller needs. So, How Long Does It Take to Buy a Home? From pre-approval to possession, most buyers complete the process within 60 to 90 days. If you are already pre-approved and find a home quickly, it can take closer to 30 to 45 days. If you are selling first or waiting for the right property, the timeline extends. What Can Speed It Up? • Full mortgage pre-approval, not just pre-qualification• Flexible availability for showings• Clear decision criteria• Responsive communication• Strong professional guidance What Can Slow It Down? • Financing complications• Waiting for inventory• Conditional sale of your current home• Inspection issues• Delays in document review The Bottom Line The answer to how long does it take to buy a home depends less on the calendar and more on preparation. Buyers who clarify their budget, goals, and must-haves early tend to move efficiently and with confidence. If you are thinking about buying in Greater Victoria and want a personalized timeline based on your situation, reach out to discuss your options and next steps.   Rose, 5-Star Review, via Google “Terrific team. Cal and Vanessa were knowledgeable, patient, and listened to what our needs and concerns were. Vanessa was a ray of sunshine in an often grey winter house hunt.” 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.”

If you are wondering what $800,000 buys you in Victoria, the answer depends heavily on location, property type, and neighbourhood demand. In today’s Greater Victoria market, $800,000 sits in the entry-to-mid range for many areas. However, purchasing power shifts significantly between core Victoria and the Westshore. Here is a realistic look at what $800,000 buys you in Victoria across several popular neighbourhoods. Langford (Westshore) In Langford, $800,000 typically buys: A newer 2 to 3-bedroom townhome A small detached home on a compact lot A large, modern condo with amenities Langford continues to attract buyers seeking newer construction and strong long-term growth. Many developments offer energy-efficient builds and family-oriented layouts. For buyers priced out of central Victoria, Langford provides value per square foot that is difficult to match. This price point works well for first-time buyers, young families, and investors targeting rental demand. Gordon Head (Saanich East) In Gordon Head, $800,000 usually buys: An older townhome A smaller detached home in original condition A condo near the university Proximity to University of Victoria supports steady rental demand and long-term appreciation. Detached homes in this area often exceed this budget unless they require renovation. Buyers here pay a premium for location, schools, and proximity to beaches. For investors, properties with suite potential can create stronger cash flow. Fairfield Fairfield is known for character homes and walkability. At $800,000, buyers can expect: A smaller condo or garden suite A leasehold property A townhome in select buildings Detached character homes in Fairfield generally trade well above this range. Buyers at this price point gain access to one of Victoria’s most desirable lifestyle locations, close to parks and oceanfront paths. James Bay In James Bay, $800,000 commonly buys: A spacious condo with water or city views A renovated two-bedroom unit in a concrete building A townhome in select complexes This neighbourhood appeals to downsizers and professionals who value walkability to downtown. Concrete buildings with strong strata management often hold value well over time. Saanich East Saanich East offers a balance between suburban space and central convenience. At $800,000, buyers may find: An older detached home requiring updates A well-appointed townhome A larger condo in a low-rise building School catchments and quiet residential streets drive consistent demand here. What Influences Value at $800,000? Several factors determine what $800,000 buys you in Victoria: Lot size and zoning potential Age and condition of the property Proximity to schools, parks, and transit Strata fees and building quality Rental or suite potential Neighbourhood supply also matters. Westshore areas tend to offer more inventory at this price point, while core Victoria remains constrained. Is $800,000 a Good Budget in Victoria? For townhomes and condos, $800,000 remains a strong budget across many neighbourhoods. For detached homes, expectations must adjust depending on location and condition. Buyers prioritizing space often look west, while buyers prioritizing lifestyle choose central neighbourhoods and accept smaller footprints. Understanding what $800,000 buys you in Victoria allows you to align your purchase with long-term goals rather than short-term emotion. If you are considering buying and want a tailored breakdown of options in your target neighbourhood, reach out anytime to discuss your goals and explore available opportunities. Justine D., 5-Star Review, via Google “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.”

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.”  

Victoria BC zoning laws play a major role in how properties can be used, renovated, or redeveloped. If you are buying or selling in Victoria, understanding zoning helps you avoid surprises and identify long-term opportunities. At its core, zoning shapes how neighbourhoods evolve over time. These rules determine not only what exists today, but also what may be possible in the future, making zoning knowledge especially valuable in a changing market. What Zoning Laws Do To manage growth and land use, zoning laws set clear parameters for development. They outline how land can be used and what can be built, helping balance housing needs with neighbourhood character. Specifically, zoning bylaws divide land into defined categories. Each zone establishes rules around permitted uses, building height, density, setbacks, and parking. Some zones allow only detached homes, while others permit duplexes, townhomes, or small multi-unit buildings. In Victoria, these rules are governed through the Zoning Bylaw 2018 alongside the older Zoning Regulation Bylaw. Together, they apply to residential, commercial, and mixed-use areas across the city. Main Zoning Types in Victoria Understanding the main zoning categories helps clarify what is allowed in different areas of the city. Residential zones cover single-family homes, multi-family housing, and mixed residential uses. Recent updates have focused on increasing density through small-scale multi-unit housing rather than high-rise development. Beyond residential areas, commercial zones allow retail, offices, and services, often combined with residential units in central locations. Industrial zones support manufacturing and warehouse uses and are typically located away from residential neighbourhoods. There are also special zones for institutional, agricultural, and park-related uses. Recent Zoning Changes to Know In recent years, provincial housing policies have significantly reshaped Victoria BC zoning laws for 2026. Many lots that once allowed only one home now permit up to four or six units, depending on lot size and proximity to transit. These changes are designed to increase housing supply while maintaining livable communities. As a result, zoning in Victoria’s core now encourages infill and gentle density. In contrast, growing areas closer to the Westshore are seeing zoning that supports larger developments and transit-oriented housing. How Zoning Affects Buyers and Sellers These zoning rules have practical implications for buyers, sellers, and investors. For buyers, zoning determines future options such as adding a suite or building additional units. For sellers, more flexible zoning can increase buyer interest and perceived value. From an investment perspective, zoning directly influences rental potential, redevelopment feasibility, and long-term returns. Because of this, zoning should always be reviewed early in the decision-making process. Before moving forward, confirm zoning details with the City of Victoria, especially if future development or expansion is part of your plan. Bottom Line Victoria BC zoning laws are designed to support growth while balancing community needs. Understanding how zoning works gives buyers, sellers, and investors a clearer picture of what a property can offer today and what it may offer in the future. This information is for educational purposes only. Always verify zoning with the City of Victoria before proceeding.   Shane B.,  5-Star Review, via Google “The last few months navigating this crazy real estate market has been a rollercoaster, and we couldn’t have done it without the Faber Real Estate Team! Scott was extremely helpful, positive and always available. Under a tight timeline we were able to get our condo on the market and sell right away, to be available for any housing opportunity. Scott was patient and helpful throughout the entire process of searching for houses, and went above and beyond to help us finally land an accepted offer on the perfect home. Thank you Scott and the Faber Real Estate Team!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

The Victoria spring real estate market 2026 is shaping up to be more balanced than the fast-paced years buyers remember. Spring remains the most active season locally, but conditions suggest a steadier, more strategic market ahead rather than rapid price surges. Buyers and sellers entering the market this spring should expect improved choice, realistic pricing, and a stronger emphasis on value and location. Inventory and Buyer Activity Inventory is expected to improve modestly across Greater Victoria. More homeowners appear willing to list as pricing stabilizes and borrowing costs level out. As a result, buyers will have slightly more selection than in recent spring markets. Demand should remain strongest in family-oriented neighbourhoods and entry-level price ranges. Well-located homes that show well will still attract attention, but bidding wars should be less common overall. Price Trends for Spring 2026 Home prices in Victoria are likely to remain relatively flat this spring, with modest gains in high-demand pockets. Condos and townhomes should continue to lead activity, especially among first-time buyers and downsizers. Single-family homes may see longer days on market unless priced accurately. Sellers who align with current market conditions will have the best results. Interest Rates and Buyer Confidence Interest rates remain a key factor shaping the Victoria spring real estate market 2026. While rates are higher than pandemic-era lows, improved predictability has restored some buyer confidence. Pre-approved buyers are returning with clearer budgets and a more disciplined approach. This supports steady sales without the volatility seen in previous cycles. Neighbourhoods to Watch This Spring The West Shore, including Langford and Colwood, is expected to stay active due to relative affordability. Vic West and View Royal should continue attracting buyers seeking proximity to downtown without core pricing. Established areas like Fairfield and Oak Bay remain resilient, though price sensitivity is higher than in past spring markets. What This Means for Buyers and Sellers For buyers, spring 2026 offers better negotiating conditions and more time to make informed decisions. Preparation and flexibility remain essential. For sellers, presentation, pricing, and timing matter more than ever. Homes that are well-prepared and competitively priced should still perform well during the spring surge. Final Thoughts The Victoria spring real estate market 2026 is expected to reward patience and strategy rather than speed. While spring activity will pick up as usual, balanced conditions favour informed buyers and realistic sellers. If you are planning to make a move this spring, understanding neighbourhood trends and current pricing will be key to success.   Elel P., 5-Star Review, via Google “Months of looking then a listing came up to our liking. We were out of town so Scott did a virtual viewing for us. We gave an offer even without viewing it personally because of this crazy market we have. Offer got accepted a couple hours after!” 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.”

A first showing is often about first impressions. A second home showing, however, is where buyers gain clarity. This visit allows you to move past surface appeal and focus on whether the home truly works for you. How the Home Really Functions At a second showing, buyers tend to slow down. You notice room flow, storage, and how spaces connect. This is the time to picture daily routines, furniture placement, and whether the layout supports your lifestyle. Details You May Have Missed Small issues often stand out on a return visit. Look closely at finishes, windows, doors, and flooring. You may also notice signs of wear, moisture, or deferred maintenance that were easy to overlook the first time. Light, Noise, and Neighbourhood Feel Seeing the home at a different time of day can change your perspective. Pay attention to natural light, street noise, nearby activity, and privacy. These factors affect comfort long after move in day. Questions and Follow Ups A second home showing is ideal for asking targeted questions about age of systems, upgrades, utilities, or strata details. It also helps confirm whether the property still feels right once emotions settle. A second home showing provides confidence. It helps buyers confirm their decision, identify concerns early, and move forward with an offer based on clarity rather than impulse.   Michael F., 5-Star Review, via Google “Cal and Scott exceeded our expectations in every way. They were always available to answer our questions and address any concerns immediately, providing exceptional support throughout the entire process. Their dedication and expertise made the selling and buying experience seamless and stress-free. ” 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.”