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.

$835,000

Benchmark Price (1st quarter, 2025)

147

Sales(in 2022)

1558

Sales (Last 5 years)

269

New listings (in 2022)

Recent History

Through the course of the COVID-19 Pandemic, the elevated home prices in Oak Bay also mirrored a pattern felt across Greater Victoria’s neighbourhoods. Healthy demand and dwindling inventory put an immense amount of pressure on prices. From 3 years ago the Benchmark Price of a detached home for sale in Oak Bay is up 55.8%. Even the most expensive of all of Oak Bay’s neighbourhoods in the Uplands has seen the Benchmark price of a detached home rise by 52.2%.

SALE PRICE VS. ASSESSED VALUE (IN 2022) - 25.58% ABOVE
SOLD PRICE VS. LIST PRICE - 0% ABOVE
SOLD PRICE VS. ORIGINAL PRICE - 0% ABOVE

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