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New property listed in VR Glentana, View Royal

We (Compass Realty Group) have listed a new property at 23 1201 Craigflower Rd in View Royal. See details here

This updated 2 bed, 1 bath double-wide offers a low-maintenance lifestyle in a friendly park. New flooring, paint throughout, kitchen appliances, and a refreshed bathroom with new tub and vanity—just move in and enjoy. Vaulted ceilings, 3 skylights, and lots of windows create a bright, airy feel. The kitchen features ample counter space and a double sink. Step outside to a fenced yard and back deck, perfect for BBQs or relaxing. Set in a stable park where the owner has no plans to change its use, so you can confidently settle in. Conveniently located near shopping, the hospital, and on a great bus route. A great option for downsizers, first-time buyers, or anyone seeking an affordable and move-in-ready home in a central location.

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We have sold a property at 305 1028 Balmoral Rd in Victoria

We (Compass Realty Group)  have sold a property at 305 1028 Balmoral Rd in Victoria on Mar 27, 2025. See details here

For immediate possession! Welcome to 305-1028 Balmoral St, a bright and beautifully updated 1-bedroom condo in a well-maintained, pet-friendly building. This home features a spacious, open layout that feels much larger than expected. Highlights include a modernized bathroom with a soaker tub, upgraded stainless steel appliances, vinyl plank flooring, and a stylish tile entryway. Enjoy the convenience of in-suite laundry, secure off-street parking, and a sunny balcony. Additional perks include separate storage and an all-ages, rentable building in a fantastic location. Walk or bike to downtown Victoria, the waterfront, Central Park, and the vibrant Fernwood neighborhood, with cafes, restaurants, shops, and the Belfry Theatre nearby. The building boasts recent upgrades like vinyl windows, updated elevator, and excellent property management, ensuring long-term value. This is an exceptional lifestyle opportunity in a prime Victoria location!

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New property listed in PQ French Creek, Parksville/Qualicum

We (Compass Realty Group) have listed a new property at 1000 Brookfield Cres in Parksville. See details here

Discover serene living in this 3-bed, 2-bath executive rancher in Mountain View Estates, Parksville. This beautifully maintained home boasts an open-concept design with vaulted ceilings, oversized windows, and a skylight. The gourmet kitchen features quartz countertops, a walk-in pantry, and stainless steel appliances. The primary suite includes a spa-like ensuite with heated tile floors and a walk-in closet. Step outside to a private south-facing courtyard and an expansive backyard oasis with gardens, fruit trees, and a covered deck with natural gas hookups. Located near Morningstar Golf Course, Wembley Mall, and the charming communities of Parksville and Qualicum Beach, you’ll enjoy access to top-tier amenities and nature, including Rathtrevor Beach, Englishman River Falls, and Mount Washington. Additional highlights include a double garage with attic storage, a central vacuum system, and hot water on demand, and a Gemstone Lighting upgrade for enhanced curb appeal and security.

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New property listed in Si Sidney North-East, Sidney

We (Compass Realty Group) have listed a new property at 2189A &2189B Amelia Ave in Sidney. See details here

This updated single-family home features two separate addresses under one title, offering flexibility for multi-generational living, co-ownership, or rental income. This rancher includes two self-contained side-by-side units, each with 2 bedrooms, 1 bathroom, and separate laundry—fully registered with the Town of Sidney. This home has been thoughtfully upgraded for maximum efficiency and low maintenance, featuring a new roof, 200-amp electrical system, energy-efficient vinyl windows, durable siding, and modern doors—offering long-term savings and peace of mind. Unit A is ideal as an owner-occupied residence or rental. (AirBnB option) Unit B (built in 2021) features an electric fireplace. Enjoy spacious, south-facing fenced yards. Currently tenant-occupied with reliable renters who wish to stay, this property offers immediate income potential. Located near schools, beaches, trails, shopping, dining, YYJ Airport, and BC Ferries. A rare opportunity, don't miss this one.

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New property listed in PQ French Creek, Parksville/Qualicum

We (Compass Realty Group) have listed a new property at 1000 Brookfield Cres in Parksville. See details here

Discover serene living in this 3-bed, 2-bath executive rancher in Mountain View Estates, Parksville. This beautifully maintained home boasts an open-concept design with vaulted ceilings, oversized windows, and a skylight. The gourmet kitchen features quartz countertops, a walk-in pantry, and stainless steel appliances. The primary suite includes a spa-like ensuite with heated tile floors and a walk-in closet. Step outside to a private south-facing courtyard and an expansive backyard oasis with gardens, fruit trees, and a covered deck with natural gas hookups. Located near Morningstar Golf Course, Wembley Mall, and the charming communities of Parksville and Qualicum Beach, you’ll enjoy access to top-tier amenities and nature, including Rathtrevor Beach, Englishman River Falls, and Mount Washington. Additional highlights include a double garage with attic storage, a central vacuum system, and hot water on demand.

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New property listed in OB South Oak Bay, Oak Bay

We (Compass Realty Group) have listed a new property at 1023 Falkland Rd in Oak Bay. See details here

Discover this must-see, beautifully updated home in the heart of South Oak Bay. Blending 1930s charm with modern upgrades, this home offers warmth, functionality, and exceptional livability. The bright, reconfigured kitchen is a chef’s dream, featuring high-end appliances, a skylight, and direct access to a covered deck—perfect for year-round barbecues. The lush backyard boasts a micro-vineyard, fruit trees, and a greenhouse, creating a private urban oasis. Thoughtful updates include pot lighting, an energy-efficient furnace, a renovated ensuite, and covered decks for seamless indoor-outdoor living. Located within walking distance to Gonzales & Willows Beach, McNeill Bay, and Oak Bay Village, the location is unmatched for walkability and convenience. Whether entertaining, working from home, or simply enjoying the peaceful surroundings, this home offers a truly special lifestyle.

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We have sold a property at 3448 Horizon Terr in Langford

We (Compass Realty Group)  have sold a property at 3448 Horizon Terr in Langford on Mar 3, 2025. See details here

Welcome to this meticulously maintained family home complete with a large deck and private usable green space that is perfect for entertaining. Situated on a cul-de-sac near the top of Triangle Mountain, serenity awaits as you wake up to birds singing and the clean smell of forest. The property is minutes away from Lookout Lake Park, a hidden gem for swimming, hiking and shoreline fishing and an abundance of shopping and services are conveniently close by. The property boasts a brand new energy-efficient ducted heat pump, with separate temperature zones for each floor and specialized UVC filtration. The double size heated garage with epoxy floors is perfect for car enthusiasts, gym or leisure area. Inside, enjoy an open concept on the main floor with dedicated views of nature. The large 3rd bedroom is also perfect as a home office. Don’t miss this opportunity to live in your private oasis yet close to all amenities.

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We have sold a property at 941A Ellery St in Esquimalt

We (Compass Realty Group)  have sold a property at 941A Ellery St in Esquimalt on Feb 28, 2025. See details here

This is an excellent opportunity to acquire a thriving automotive repair business in a prime Victoria location. The business is Victoria's top-rated repair shop, fully equipped and ready to operate ("plug and play"). The spacious 4,800 sq ft facility features high ceilings, abundant natural light, and excellent ventilation, plus a mezzanine for extra storage and a second-floor office or living space. The ground floor includes 3 service bays, washroom, storage area and a small office area. The premises are in great condition, requiring minimal work. All necessary equipment included including vehicle lifts, air compressors, jacks, torches, brake lathes, and more. The business also comes with all inventory and an established business book, having operated successfully for over 30 years. The current owner is willing to provide training and consulting support during the transition. The building is not included in the sale, but a long-term, 10-year lease is available.

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We have sold a property at 2339 Sooke Rd in Colwood

We (Compass Realty Group)  have sold a property at 2339 Sooke Rd in Colwood on Feb 21, 2025. See details here

WORKSHOP // SUITE // GARDEN – This 2004 custom-built Colwood home sits on nearly a quarter-acre with a spacious fenced yard, ample parking, and plenty of garage space. Inside, the main home offers 3 bedrooms and 2 bathrooms, with 2 bedrooms and 2 bathrooms upstairs, including a master suite with a walk-through closet and ensuite. Downstairs, you’ll find a 3rd bedroom or home office. The renovated, self-contained 1-bed, 1-bath suite, with a private entrance, is perfect for guests or as an income helper. The home features new paint and flooring upstairs, while the lower floor has been fully renovated. The single-car garage is great for extra storage or a home gym, and the detached double-wide shop offers a spacious area for hobbies, projects, or whatever life sends your way. Centrally located near Belmont Centre and Westshore, this home provides easy access to Langford and Colwood amenities. Set back from the road, this home offers surprising peace and quiet—come see for yourself!

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Victoria Real Estate Market Update: February 2025

Hello, Victoria home enthusiasts! Let's dive into the latest trends shaping our beautiful city's real estate landscape. Grab a cup of coffee, and let's explore what's happening in our local market.

Market Momentum: Full Steam Ahead!

The Victoria real estate market has kicked off 2025 with impressive momentum. According to the Victoria Real Estate Board (VREB), January saw a total of 422 properties sold—a significant 23.8% increase compared to January 2024.

Single-Family Homes: The Heart of Victoria's Market

Single-family homes continue to be a cornerstone of Victoria's real estate scene:

  • Sales Volume: 194 single-family homes sold in January

  • Year-over-Year Growth: An impressive 19.8% increase from January last year.

For more detailed statistics on single-family homes and other property types across Greater Victoria, visit REALTOR.ca.

First-Time Buyers: Making Their Mark

Condominium sales often serve as an indicator for first-time buyers:

  • Condo Sales: A notable surge with 146 units sold—a whopping 30.4% increase year-over-year.

For insights into how broader economic factors influence local condo sales and rental markets, check out House Hunt Victoria.

Inventory: A Breath of Fresh Air

One exciting development is the significant increase in inventory:

  • Active Listings: At an impressive total of 2,395 at the end of January—up by both month-over-month (4.6%) and year-over-year (11.9%) metrics.

To explore current listings across Greater Victoria using MLS® data updated hourly on REALTOR.ca between specific times each day visit here.

Pricing Trends: Steady as She Goes

Home prices showed stability with modest fluctuations across different property types:

  • Single-Family Homes Benchmark Price: Increased by about $68k compared to December but still reflects steady demand within this segment.

Stability like this creates favorable conditions for both buyers and sellers alike.

What This Means for You

  1. Buyers: With more listings available than recent years past plus stable pricing trends overall—it’s now easier than ever before finding your perfect fit without breaking bank.

  2. Sellers: Strong demand persists especially among certain segments; however strategic pricing remains crucial given increased competition elsewhere across town.

Ready to Dive Deeper?

Get Your Free Home Valuation Report Today!

Contact us at Compass Realty Group via email at info@compassrealty.group or phone at 250-999-3506. Let us guide you through every step towards achieving your real estate goals!

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New property listed in Si Sidney North-East, Sidney

We (Compass Realty Group) have listed a new property at 2189A &2189B Amelia Ave in Sidney. See details here

This updated single-family home features two separate addresses under one title, offering flexibility for multi-generational living, co-ownership, or rental income. This rancher includes two self-contained side-by-side units, each with 2 bedrooms, 1 bathroom, and separate laundry—fully registered with the Town of Sidney. This home has been thoughtfully upgraded for maximum efficiency and low maintenance, featuring a new roof, 200-amp electrical system, energy-efficient vinyl windows, durable siding, and modern doors—offering long-term savings and peace of mind. Unit A is ideal as an owner-occupied residence or rental. (AirBnB option) Unit B (built in 2021) features an electric fireplace. Enjoy spacious, south-facing fenced yards. Currently tenant-occupied with reliable renters who wish to stay, this property offers immediate income potential. Located near schools, beaches, trails, shopping, dining, YYJ Airport, and BC Ferries. A rare opportunity—book your showing today!

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Why Victoria, BC is the Ideal Place for Families to Settle!

Victoria, BC, is often regarded as one of the best places to live in Canada, and for families looking for the perfect balance of lifestyle, amenities, and community, it checks all the boxes. From top-tier schools to abundant green spaces and a strong real estate market, Victoria offers an unmatched quality of life.

A Thriving Real Estate Market

The Victoria real estate market continues to attract families due to its diverse housing options, strong investment potential, and stable appreciation rates. Whether you're looking for a spacious single-family home in Gordon Head, a townhouse in Langford, or a waterfront property in Oak Bay, the region offers something for every budget and lifestyle. The demand for homes remains strong, driven by both local buyers and newcomers relocating from across Canada.

Top-Rated Schools and Educational Institutions

Education is a top priority for families, and Victoria is home to some of the best schools in British Columbia. Highly rated public and private schools, such as Oak Bay High, Glenlyon Norfolk School, and St. Michaels University School, offer exceptional academic programs. Additionally, post-secondary institutions like the University of Victoria and Camosun College provide excellent higher education opportunities right in the city.

Abundant Parks and Outdoor Activities

Victoria is known for its stunning landscapes and outdoor recreational opportunities. Families can enjoy hiking at Thetis Lake, cycling along the Galloping Goose Trail, or spending weekends at Beacon Hill Park. The city's mild climate allows for year-round outdoor activities, making it an ideal location for active families.

One of Canada’s Top Boating Destinations

Victoria has recently been listed among Canada’s top 10 boating destinations, alongside Vancouver, according to The Progress. With easy access to the Pacific Ocean, the Gulf Islands, and numerous marinas, it’s a paradise for boating enthusiasts. Whether you're sailing, fishing, or enjoying a sunset cruise, Victoria offers incredible opportunities to explore the waters.

A Safe and Welcoming Community

Safety is a top concern for families when choosing a place to live. Victoria consistently ranks as one of Canada’s safest cities, with a strong sense of community and low crime rates. Neighborhoods such as Fairfield, Broadmead, and Cordova Bay offer family-friendly environments with quiet streets, great amenities, and strong community engagement.

Family-Oriented Amenities and Services

Victoria offers a variety of family-friendly amenities, including recreation centers, libraries, and children’s programs. The Royal BC Museum, Butchart Gardens, and the Victoria Bug Zoo are just a few of the popular attractions that make the city an exciting place to raise children.

A Strong Job Market and Economic Growth

For families looking to establish long-term roots, Victoria’s economy provides stable employment opportunities. The city boasts a strong job market in sectors such as technology, healthcare, government, and tourism. With continued growth and investment, Victoria remains a prime destination for career-oriented families.

Thinking of Moving to Victoria? Let’s Find Your Perfect Home!

If you're considering making Victoria your home, now is a great time to explore your options. Whether you’re searching for a cozy family home or an investment property, I’m here to help guide you through the process. Contact me today to start your home search and take the next step toward living in one of Canada’s most desirable cities!

Owen Stacey Personal Real Estate Corporation, Compass Realty Group|Royal LePage Coast Capital

 owen@compassrealty.group   |  www.compassrealty.group

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.