After a strong market in January 2020, all key indicators of this continuing into Spring 2020 are still in place. The COVID-19 pandemic has knocked back the sales activity in Victoria since mid-March, but due to low inventory and remaining buyer demand, the region is still seeing prices holding steady.
Victoria is a popular spot for retirees, who along with suburban families make up the majority of prospective buyers. The main concern for these buyers are typically housing affordability and low supply levels. While it’s not exactly clear when normal sales activity will return, there is optimism that there will be a pent-up demand later in the year due to Victoria’s high liveability and lifestyle.
So, what are the best neighbourhoods in Victoria to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks in Victoria.
10 Most Liveable Neighbourhoods in Victoria
Most Liveable Neighbourhoods in Victoria
Many of the neighbourhoods listed above offer great liveability factors to homeowners, including proximity to green space and dog parks, as well as big-box stores and chains. They also boast good proximity to preferred schools and locally-owned restaurants.
Victoria Liveability Trends
Liveability in Victoria is only seen as continuing to improve. “Liveability in Victoria is already extremely high. Things we do not have much control over, like our mild climates, do not help, but the continued expansion of infrastructure is definitely also a big reason why we’re optimistic that living in Victoria will just continue to keep getting better”.
Victoria at a Glance
Victoria is the capital of British Columbia, nestled on the southern tip of Vancouver Island. It is a smaller city, but boasts a dense population which speaks to the high liveability of this popular region. Victoria’s mild climate and laid-back pace attract a large number of retirees looking for a more relaxed lifestyle. Often called “The Garden City”, Victoria boasts both beauty and brains, with a thriving technology sector, which is the city’s largest revenue generating private industry.
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
Victoria is the capital of British Columbia, nestled on the southern tip of Vancouver Island. The small city boasts a dense population of 85,792, which speaks to popular demand for this highly liveable region. Victoria’s temperate climate and laid-back pace attract a large proportion of retirees seeking a relaxed lifestyle. Dubbed “The Garden City,” Victoria has beauty and brains by equal measure, with a thriving technology sector – the city’s largest revenue generating private industry.
We know that Canadian’s truly celebrate the liveabililty factors of their neighbourhood – the qualities that give homeowners the true satisfaction of their home within the context of a neighbourhood. In fact a Leger survey conducted by RE/MAX revealed that 89% of Canadians recommend their neighbourhoods to others. Unlike your home, neighbourhoods cannot be changed, so it is important to assess what qualities are important to you before you purchase. Luckily, when it comes to Victoria, there is a lot of celebrate in terms of liveability.
A survey of RE/MAX Brokers revealed that the best places to live in Victoria are Victoria Core, Saanich and Westshore rank as the top three neighbourhoods in Victoria for access to green spaces and parks, walkability, retail and restaurants and the ease of getting around/public transit.
In the same Leger survey, six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. So how does Victoria stack up?
If you are searching for the best place to live in Victoria, you should know that Estevan Village in Oak Bay ranks as the top hidden gem neighbourhood, while Langford, Colwood and Saanich are the top neighbourhoods for affordability and good supply of housing inventory.
RE/MAX of Western Canada
Kayley Jackson is an English & Creative Writing graduate, as well as writer and photographer whose love for words and creativity brought her to RE/MAX. As Communications Coordinator at RE/MAX of Western Canada, Kayley creates and oversees content that appeals to buyers and sellers alike, aiming to assist them on their homebuying or selling journey. Kayley carries out public relations, communications and social media content for RE/MAX, which includes creating content and writing for the consumer-facing blog at remax.ca. When she’s not behind the lens of her camera or writing away at her desk, Kayley can be found enjoying the Okanagan lifestyle in Kelowna, BC, where she lives with her fiancé, or daydreaming about where her next travel adventure will take her. Email Kayley at firstname.lastname@example.org.