Saseenos Real Estate Market Stats — Prices & Trends

trend explorer

How the market moved

interactive 24-mo series

market state

The current Saseenos snapshot

all residential

Active listings · now: 6
−66.7% 1Y
Aug '25–Jul '26
Sales · period: 7
Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
New listings: 34
−24.4% 1Y
Aug '25–Jul '26
Median days on market: 46days
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Sale-to-list ratio: 96.6%
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Over-asking rate: 0.0%
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
0 of 7 sales
thin sample · n under 10
Sale-to-assessed: 107.5%
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Months of inventory: 9.0mo
n = 2 sales · Aug '25–Jul '26
n = 2 — too few for a % change
indicative only
Median price: $1.24M
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Average price: $1.35M
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Price per sq ft: $394/sqft
n = 7 sales · Aug '25–Jul '26
n = 7 — too few for a % change
thin sample · n under 10
Price reductions: 12.9%
+6.1 pts 1Y
Aug '25–Jul '26

Repliers MLS · BC Assessment · 8X derived · pooled over August 2025 – July 2026 · figures below 10 sales carry no percentage change

by municipality

Across the region

13 municipalities median all residential

Oak Bay$1.55M-10.8%North Saanich$1.52M+5.2%Metchosin$1.35M+0.9%Highlands$1.29Mthin sample · 8 sales Central Saanich$1.09M-2.7%Saanich$1.05M-3.3%Colwood$924K-0.1%Sidney$847K+0.5%View Royal$828K+0.3%Esquimalt$800K-6.0%Sooke$790K-4.2%Langford$787K+6.7%Victoria$720K-2.2%

median all residential · pooled 3 months · May 2026 – Jul 2026 · change vs prior 3 months · 1 area below 10 sales shown without a trend

macro context

The backdrop

always at native resolution

5-yr posted mortgageCanada: 6.09%
unch WoW
BoC Valet · 2026-08
5-yr GoC bond yieldCanada: 3.30%
+13 bp WoW
BoC Valet · 2026-08
BC CPI · YoYBritish Columbia: 2.8%
YoY · 2026-06
StatCan 18-10-0004 · 2026-06
Victoria unemploymentVictoria CMA: 5.0%
+0.6 pts MoM
StatCan LFS 14-10-0459 · 2026-07
Net non-perm. residentsVictoria CMA: −1,222
2024
StatCan 17-10-0014 · 2024-01
Victoria CMA populationVictoria CMA: 445.1K
+0.7% YoY
StatCan 17-10-0148 · 2025-07

Mortgage money · BC · 5-yr termweekly capture · not live

Posted vs street · what buyers actually payBritish Columbia

4.04%

street 5-yr fixed · Coast Capital

−2.05 pts vs posted

6.09%

BoC posted · administered

The posted rate is an administered benchmark — it prices penalties and stress tests, not mortgages. Real 5-yr fixed money is ~2.0 points cheaper.

5-yr fixed · best of 7 lenders

Less than 20% down· insured

4.04%

best today · Coast Capital

20% or more down· uninsured

4.44%

best today · Coast Capital

5-yr variable · best of 7 lenders

Less than 20% down· insured

3.70%

best today · First National

20% or more down· uninsured

3.94%

best today · Coast Capital

victoria lens · The typical detached purchase here — $1M+ with 20% down — prices in the 20% or more down(uninsured) column, and $1M+ files can’t be bulk-insured, so a real quote can land a touch above it. A sub-$1M condo with 20% down can price a touch below it.

Who quotes what · by lender7 of 10 tracked lenders quote BC today

5-year mortgage rate quotes by lender, British Columbia, captured Aug 9, 2026. Lowest quote per column is marked.
lender	under 20%	20%+	under 20%	20%+
	5-yr fixed		5-yr variable
Coast Capital	4.04 (lowest)	4.44 (lowest)	3.79	3.94 (lowest)
Vancity	4.44	4.54	3.95	3.95
First National	4.49	4.54	3.70 (lowest)	3.95
CIBC	4.59	4.94	3.95	4.10
BMO	4.74	4.84	4.10	4.10
TD	4.84	4.84	4.24	4.24
RBC	4.89	4.89	3.95	3.95

5-yr fixed with under 20% down runs 4.04 (Coast Capital) to 4.89 (RBC) — 85 bp between banks on the same borrower.

Green = lowest in column. Tracked lenders without a published BC quote today are not shown.

Weekly track · 20%+ down · 5-yrfixedvariable

4.443.94

Rates via WOWA.ca · advertised rates from lenders 8X clients can be placed with · captured Aug 9, 2026

Supply pipeline

From registration to completion

sequential stages · Greater Victoria

Registrations

no data feed

—

BC Housing new-home registrations — no machine-readable feed

Permits

BC Stats · CMA

979 /12 mo

units over the trailing 12 months (flow)

Starts

CMHC SCSS · CMA

61 /mo

units in the month (flow), June 2026

Under construction

CMHC SCSS · CMA

8,951 standing

units standing (stock), June 2026

Completions

CMHC SCSS · CMA

204 /mo

units in the month (flow), June 2026

Stage vintages differ from the MLS figures above and from each other — each stage carries its own as-of date. Source bundle refreshed 12 Aug 2026.

rental market

What it rents for

Victoria CMA asking rents

Asking rents & vacancy (Victoria CMA) · coming soon

Full methodology & metric definitions

common questions

What buyers & sellers ask about the Saseenos market

Answers update with the market · data as of Jul 2026

Is Saseenos a buyer's or seller's market?

As of the latest data, Saseenos is a buyer's market. There are about 9.0 months of inventory — over 7 months gives buyers the upper hand. Around 0.0% of homes sold above asking, and the typical sale closed at 96.6% of list price. Note this is based on only 7 sales in the period, below the 10-sale minimum 8X uses before publishing a rate of change, so treat it as indicative.

How much does a home cost in Saseenos?

The median sold price for a home in the Saseenos neighbourhood is $1.24M. The average sold price is $1.35M. That works out to roughly $394 per square foot. Note this is based on only 7 sales in the period, below the 10-sale minimum 8X uses before publishing a rate of change, so treat it as indicative.

Are homes in Saseenos selling over asking?

0.0% of homes that sold in the Saseenos neighbourhood closed above their list price. The typical home sold at 96.6% of asking — just under list.

How long do homes take to sell in Saseenos?

Half of the homes that sold in the Saseenos neighbourhood went under contract within about 46 days — the median days on market. A longer time on market gives buyers more negotiating room.

Is now a good time to buy or sell in Saseenos?

It depends which side you are on. With about 9.0 months of inventory, the Saseenos neighbourhood favours buyers. Buyers have more choice and negotiating room, with homes taking around 46 days to sell — sellers need to price sharply to stand out.

What is the best time of year to sell a home in Saseenos?

Across the past two years, sales activity in the Saseenos neighbourhood has been strongest in January and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Saseenos?

As of the latest data there are 6 active home listings in the Saseenos neighbourhood. Over the period, 34 new listings came to market and 7 sold, which is about 9.0 months of inventory at the current sales pace.

Do homes in Saseenos sell for more than their assessed value?

The typical home in the Saseenos neighbourhood sold at 107.5% of its BC-assessed value — about 8% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.

5-year mortgage rate quotes by lender, British Columbia, captured Aug 9, 2026. Lowest quote per column is marked.
	5-yr fixed	5-yr variable
Coast Capital	4.04 (lowest)	4.44 (lowest)	3.79	3.94 (lowest)
Vancity	4.44	4.54	3.95	3.95
First National	4.49	4.54	3.70 (lowest)	3.95
CIBC	4.59	4.94	3.95	4.10
BMO	4.74	4.84	4.10	4.10
TD	4.84	4.84	4.24	4.24
RBC	4.89	4.89	3.95	3.95

5-yr fixed

5-yr variable

lender

under 20%

20%+

under 20%

20%+

Coast Capital

4.04

4.44

3.79

3.94

Vancity

4.44

4.54

3.95

First National

4.49

4.54

3.70

3.95

CIBC

4.59

4.94

3.95

4.10

BMO

4.74

4.84

4.10

4.84

4.24

RBC

4.89

3.95

Saseenos real estate market — prices, sold data & trends

How the market moved

The current Saseenos snapshot

Across the region

The backdrop

From registration to completion

What it rents for

What buyers & sellers ask about the Saseenos market

Saseenos real estate market — prices, sold data & trends

How the market moved

The current Saseenos snapshot

Across the region

The backdrop

From registration to completion

What it rents for

What buyers & sellers ask about the Saseenos market

How the market moved

The current Saseenos snapshot

Across the region

The backdrop

From registration to completion

What it rents for

Methodology — sources and resolution contract

What buyers & sellers ask about the Saseenos market

How the market moved

The current Saseenos snapshot

Across the region

The backdrop

From registration to completion

What it rents for

Methodology — sources and resolution contract

What buyers & sellers ask about the Saseenos market