Saanich Real Estate
One of Victoria’s biggest municipalities contains an abundance of properties from waterfront to farmland to forest and moss-covered bluffs. There’s something for everyone in Saanich.
What makes Saanich real estate special?
Saanich comprises a mixture of rural and urban properties between Victoria and Sidney on Southern Vancouver Island in what’s referred to as the Saanich Peninsula. Here you can find pristine waterfront properties of Cordova Bay and Gordon Head, or the expansive farmlands of Oldfield Road, with everything in between. Collecting the smaller municipalities of North Saanich, Central Saanich, and Saanich proper.
Charm
The combination of seaside streets, hundred-year-old farm houses, food stands, parks and lakes gives Saanich its charm. Be cautious about staying for too long and being captivated by the storybook charm.
Value
The range of properties available in Saanich provides a diverse property value and location opportunity for people looking to purchase in the Victoria area.
Community
Given that much of the Saanich peninsula is rural and farm-oriented, the community is very self-reliant and familiar with what makes fresh produce and farm products an important part of their reasons for living in Saanich.
Quintessential Victoria Living
The urban farm-land charm of Saanich can be felt in all of its neighbourhoods. It features tight-knit communities with some of Victoria’s best schools, parks, and amenities.
$1,280,000
Saanich East Benchmark Price (Jan 2024 to Dec 2024)
Property Type: ‘Residential’
Property Sub Type: ‘Single Family Detached’
$1,075,000
Saanich West Benchmark Price (Jan 2024 to Dec 2024)
Property Type: ‘Residential’
Property Sub Type: ‘Single Family Detached’
885
Total Sales (Jan 2024 to Dec 2024)
5,074
Total Sales (Last Five Years 2020-2025)
1,463
New Listings (Jan 2024 to Dec 2024)
110%
Sale price vs. assessed value in 2025
98%
Sold price vs. list price 2025
31
Average days on market in 2025
Recent History
Through the course of the COVID‑19 pandemic, detached home prices in Oak Bay skyrocketed. Benchmark values rose by around 55 % over three years. That trend was echoed across Greater Victoria, including Saanich. Over the past 12 months, however, the Greater Victoria real estate market has shifted into a more balanced phase. Detached home prices in the Victoria Core, including Saanich, have increased by just 2–3 % year‑over‑year, and saw a 2.3 % rise from June 2024 to June 2025. This reflects steady, modest growth, not the earlier intense heat of the pandemic‑driven boom.
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