Where to buy real estate in 2020: Vancouver Island

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Rank	Area	Province	Neighbourhood	Area average price 2019	Value	Momentum	Average price vs. area	Average price vs. metro district	Average price vs. greater city area	1-Year price change	5-Year price change	Final star rating
1	Colwood	BC	Colwood Corners	$743,665	83.60	79.94	115.10%	76.80%	81.60%	94.30%	268.90%	★★★½
2	Colwood	BC	Hatley Park	$743,665	86.96	74.15	111.10%	74.10%	78.80%	106.77%	143.50%	★★★½
3	Langford	BC	La Langford Proper	$742,914	87.77	54.84	110.10%	73.50%	78.00%	99.93%	134.80%	★★★½
4	Malahat & Area	BC	ML Cobble Hill	$714,950	80.65	80.49	115.30%	80.00%	81.70%	105.63%	155.90%	★★★★
5	Z03-Duncan	BC	Z03 East Duncan	$634,895	72.58	81.66	119.40%	93.30%	84.60%	126.24%	160.80%	★★★
6	Saanich East	BC	SE Quadra	$994,243	63.84	72.03	147.80%	73.80%	104.80%	108.90%	137.30%	★★★½
7	Z04-Nanaimo	BC	Z04 University District	$661,699	92.07	30.23	97.80%	73.30%	69.30%	157.98%	0	★★★½
8	Colwood	BC	Wishart North	$743,665	89.52	62.42	106.60%	71.10%	75.50%	102.44%	138.50%	★★★
9	Langford	BC	La Mill Hill	$742,914	83.06	57.94	115.30%	77.00%	81.70%	104.26%	127.50%	★★★
10	Langford	BC	La Fairway	$742,914	71.37	67.27	125.60%	83.90%	89.00%	155.76%	129.00%	★★★
11	Victoria	BC	Vi Mayfair	$957,519	53.63	76.09	157.20%	81.40%	111.40%	113.93%	149.70%	★★★½
12	Sooke	BC	Sk Port Renfrew	$625,427	99.33	63.01	60.50%	48.00%	42.90%	95.24%	162.10%	★★
13	Sooke	BC	Sk Whiffin Spit	$625,427	84.01	57.27	105.20%	83.40%	74.60%	96.47%	144.00%	★★★½
14	Saanich East	BC	SE Camosun	$994,243	56.32	67.47	155.80%	77.70%	110.40%	92.30%	160.70%	★★★½
15	Saanich East	BC	SE High Quadra	$994,243	50.54	69.74	162.00%	80.90%	114.90%	95.99%	160.30%	★★★
16	Victoria	BC	Vi Burnside	$957,519	71.91	63.62	138.50%	71.70%	98.20%	106.61%	134.20%	★★★
17	Victoria	BC	Vi Hillside	$957,519	68.15	56.37	141.70%	73.40%	100.40%	104.57%	120.70%	★★★
18	Langford	BC	La Glen Lake	$742,914	84.68	59.42	114.60%	76.50%	81.20%	95.07%	137.90%	★★★
19	Victoria	BC	Vi Jubilee	$957,519	51.48	64.71	159.40%	82.60%	113.00%	97.26%	141.20%	★★★
20	Sooke	BC	Sk Saseenos	$625,427	75.40	73.81	116.70%	92.60%	82.70%	92.26%	184.50%	★★½
21	Z04-Nanaimo	BC	Z04 North Nanaimo	$661,699	51.21	81.25	143.90%	107.90%	102.00%	116.67%	327.60%	★★★
22	Victoria	BC	Vi Oaklands	$957,519	50.94	70.83	159.90%	82.90%	113.40%	109.32%	135.70%	★★★
23	Esquimalt	BC	Es Old Esquimalt	$819,958	73.12	59.81	128.70%	77.80%	91.20%	92.17%	148.90%	★★★
24	Z05-Parksville/Qualicum	BC	Z05 Parksville	$650,833	75.40	60.38	117.90%	89.90%	83.60%	119.88%	145.20%	★★★
25	Sidney	BC	Si Sidney South-West	$846,423	88.58	36.00	112.60%	66.00%	79.80%	91.50%	121.20%	★★★
26	Victoria West	BC	VW Victoria West	$821,757	47.31	66.65	157.60%	95.20%	111.70%	98.45%	145.10%	★★★
27	Central Saanich	BC	CS Brentwood Bay	$943,669	62.10	73.83	147.00%	77.30%	104.20%	97.15%	148.70%	★★★
28	Langford	BC	La Langford Lake	$742,914	90.05	48.00	106.00%	70.80%	75.10%	91.39%	142.10%	★★★
29	Colwood	BC	Triangle	$743,665	78.90	49.43	119.10%	79.50%	84.40%	82.89%	147.70%	★★★
30	View Royal	BC	VR Six Mile	$780,125	77.55	50.21	121.50%	77.20%	86.10%	79.72%	133.90%	★★½
31	Z04-Nanaimo	BC	Z04 Departure Bay	$661,699	93.55	43.35	92.70%	69.50%	65.70%	0	144.10%	★★★
32	Sooke	BC	Sk Broomhill	$625,427	81.72	60.90	107.30%	85.10%	76.10%	111.87%	132.20%	★★★
33	Saanich East	BC	SE Gordon Head	$994,243	40.86	88.41	175.00%	87.30%	124.00%	106.72%	177.90%	★★★
34	Victoria	BC	Vi Central Park	$957,519	61.96	59.04	147.90%	76.60%	104.80%	104.31%	129.80%	★★★
35	Esquimalt	BC	Es Esquimalt	$819,958	77.55	59.00	122.60%	74.20%	86.90%	94.85%	143.00%	★★★
36	Esquimalt	BC	Es Gorge Vale	$819,958	54.97	63.22	149.40%	90.40%	105.90%	104.92%	130.50%	★★★
37	Gulf Islands	BC	GI Mayne Island	$733,298	85.89	58.49	111.50%	75.40%	79.00%	110.34%	132.50%	★★★
38	Colwood	BC	Wishart South	$743,665	84.41	57.71	114.70%	76.50%	81.30%	98.60%	132.50%	★★½
39	Victoria	BC	Vi Fairfield East	$957,519	28.90	81.33	192.10%	99.50%	136.10%	102.23%	153.90%	★★★
40	Saanich East	BC	SE Lambrick Park	$994,243	65.19	57.37	146.70%	73.20%	104.00%	94.69%	132.80%	★★★
41	Victoria	BC	Vi Fernwood	$957,519	48.12	65.53	163.20%	84.50%	115.70%	98.54%	146.10%	★★★
42	Z03-Duncan	BC	Z03 Crofton	$634,895	97.72	41.63	81.70%	63.80%	57.90%	104.45%	126.00%	★★★
43	Langford	BC	La Atkins	$742,914	74.87	70.56	122.00%	81.50%	86.50%	91.39%	166.10%	★★★½
44	Central Saanich	BC	CS Turgoose	$943,669	59.54	73.85	149.90%	78.80%	106.30%	89.78%	180.20%	★★★½
45	Gulf Islands	BC	GI Piers Island	$733,298	96.37	42.01	86.80%	58.70%	61.60%	0	138.50%	★★★
46	Z04-Nanaimo	BC	Z04 South Nanaimo	$661,699	94.76	12.98	90.70%	68.00%	64.30%	0	0	★★★½
47	Langford	BC	La Thetis Heights	$742,914	77.28	38.52	119.60%	79.90%	84.80%	90.63%	126.90%	★★★
48	Saanich West	BC	SW Tillicum	$803,430	69.35	57.51	132.20%	81.70%	93.70%	99.03%	142.50%	★★★½
49	Esquimalt	BC	Es Kinsmen Park	$819,958	43.95	74.80	161.60%	97.80%	114.50%	107.90%	135.50%	★★★
50	Central Saanich	BC	CS Hawthorne	$943,669	97.85	9.20	82.00%	43.10%	58.10%	84.07%	0	★★★
51	Langford	BC	La Goldstream	$742,914	64.25	67.14	136.40%	91.10%	96.70%	117.97%	139.90%	★★★½
52	Saanich West	BC	SW Marigold	$803,430	63.71	55.99	139.00%	85.80%	98.50%	106.61%	128.80%	★★★½
53	Victoria	BC	Vi Downtown	$957,519	44.62	42.46	168.10%	87.10%	119.20%	96.90%	121.60%	★★★½
54	Saanich East	BC	SE Lake Hill	$994,243	68.01	49.72	142.90%	71.30%	101.30%	94.68%	126.30%	★★★
55	Saanich East	BC	SE Swan Lake	$994,243	70.83	40.87	139.80%	69.80%	99.10%	104.42%	103.80%	★★★½
56	Langford	BC	La Westhills	$742,914	57.66	49.25	141.80%	94.70%	100.50%	100.04%	123.30%	★★★
57	Z04-Nanaimo	BC	Z04 Central Nanaimo	$661,699	72.85	26.66	120.20%	90.10%	85.20%	108.40%	83.60%	★★★½
58	Saanich West	BC	SW Glanford	$803,430	65.73	62.75	137.40%	84.80%	97.40%	105.90%	125.00%	★★★
59	Z03-Duncan	BC	Z03 West Duncan	$634,895	87.63	24.88	101.90%	79.60%	72.20%	109.05%	0	★★★
60	Sooke	BC	Sk Sooke Vill Core	$625,427	88.44	39.72	99.90%	79.20%	70.80%	94.48%	128.30%	★★★
61	Saanich West	BC	SW Gateway	$803,430	79.30	35.41	121.30%	74.90%	86.00%	96.70%	123.10%	★★★
62	Sooke	BC	Sk Sooke River	$625,427	98.66	13.65	78.10%	62.00%	55.40%	66.14%	104.50%	★★★½
63	Z10-Islands	BC	Z10 Thetis Island (Zone 3)	$616,667	96.51	35.69	84.20%	67.70%	59.70%	0	132.40%	★★★
64	Sooke	BC	Sk Sunriver	$625,427	84.68	37.72	104.70%	83.00%	74.20%	100.81%	113.20%	★★★
65	Esquimalt	BC	Es Saxe Point	$819,958	34.01	74.38	174.10%	105.30%	123.40%	114.62%	135.30%	★★½
66	Saanich East	BC	SE Broadmead	$994,243	34.41	72.96	186.50%	93.00%	132.20%	96.85%	160.00%	★★★
67	Sidney	BC	Si Sidney North-West	$846,423	75.13	26.95	128.20%	75.10%	90.90%	86.46%	115.90%	★★★½
68	Saanich West	BC	SW Rudd Park	$803,430	77.28	27.06	122.20%	75.50%	86.60%	85.39%	123.30%	★★★
69	Sidney	BC	Si Sidney North-East	$846,423	46.10	57.56	161.10%	94.40%	114.20%	89.20%	151.00%	★★★
70	Langford	BC	La Florence Lake	$742,914	66.40	61.85	132.60%	88.50%	94.00%	108.58%	120.70%	★★★
71	Langford	BC	La Jacklin	$742,914	58.74	33.34	141.10%	94.20%	100.00%	157.30%	0	★★★½
72	Saanich East	BC	SE Arbutus	$994,243	35.35	64.71	185.10%	92.40%	131.20%	69.63%	210.10%	★★★
73	Z03-Duncan	BC	Z03 Lake Cowichan	$634,895	96.37	16.29	84.40%	65.90%	59.80%	86.66%	67.50%	★★★
74	Langford	BC	La Happy Valley	$742,914	77.82	33.76	119.40%	79.70%	84.60%	97.37%	112.10%	★★★½
75	Z03-Duncan	BC	Z03 Chemainus	$634,895	40.59	76.53	157.00%	122.70%	111.30%	130.88%	162.10%	★★★
76	Saanich East	BC	SE Mt Doug	$994,243	22.98	68.35	208.00%	103.80%	147.40%	100.88%	144.00%	★★★
77	Victoria	BC	Vi Fairfield West	$957,519	17.47	72.40	228.60%	118.40%	162.00%	102.55%	143.00%	★★★
78	Saanich West	BC	SW Northridge	$803,430	49.87	51.19	153.90%	95.00%	109.10%	97.37%	130.10%	★★★½
79	Sooke	BC	Sk Kemp Lake	$625,427	58.33	48.76	135.10%	107.20%	95.80%	143.22%	92.20%	★★★
80	Sooke	BC	Sk Otter Point	$625,427	66.26	33.33	123.60%	98.00%	87.60%	92.89%	124.40%	★★★
81	North Saanich	BC	NS Bazan Bay	$1,157,001	44.22	74.20	179.60%	77.00%	127.30%	102.10%	159.00%	★★★½
82	Sooke	BC	Sk John Muir	$625,427	74.46	36.57	117.10%	92.90%	83.00%	102.25%	108.50%	★★★
83	Z04-Nanaimo	BC	Z04 Diver Lake	$661,699	94.09	0	92.30%	69.20%	65.40%	0	0	★★★½
84	Langford	BC	La Luxton	$742,914	51.34	28.92	148.30%	99.00%	105.10%	102.44%	111.60%	★★★★
85	Z05-Parksville/Qualicum	BC	Z05 Qualicum Beach	$650,833	50.54	32.96	143.90%	109.70%	102.00%	104.20%	0	★★★★
86	Saanich West	BC	SW West Saanich	$803,430	9.95	67.20	264.60%	163.40%	187.50%	100.10%	138.60%	★★★
87	Z03-Duncan	BC	Z03 Cowichan Bay	$634,895	42.34	62.60	154.30%	120.60%	109.40%	125.41%	124.60%	★★★
88	Sooke	BC	Sk East Sooke	$625,427	43.82	58.41	152.50%	120.90%	108.10%	102.90%	142.60%	★★★½
89	Malahat & Area	BC	ML Shawnigan Lake	$714,950	59.27	41.23	139.60%	96.80%	98.90%	113.66%	108.30%	★★★
90	Z01-Campbell River	BC	Z01 Campbell River City	$633,333	100.00	1.13	53.40%	41.80%	37.90%	50.00%	0	★★½
91	Colwood	BC	Royal Bay	$743,665	70.83	25.01	125.90%	84.00%	89.20%	70.84%	116.00%	★★½
92	Central Saanich	BC	CS Tanner	$943,669	29.44	59.40	190.50%	100.10%	135.00%	106.16%	130.90%	★★★
93	Colwood	BC	Sun Ridge	$743,665	59.41	29.48	140.70%	93.90%	99.70%	101.92%	106.50%	★★★
94	Oak Bay	BC	OB North Oak Bay	$1,469,636	18.68	64.15	284.10%	95.90%	201.40%	99.06%	148.00%	★★★
95	Saanich East	BC	SE Cedar Hill	$994,243	46.24	43.41	166.90%	83.30%	118.30%	96.50%	127.20%	★★★
96	View Royal	BC	VR Hospital	$780,125	49.73	25.87	153.60%	97.70%	108.90%	82.96%	117.30%	★★★
97	Colwood	BC	Colwood Lake	$743,665	59.95	27.26	140.50%	93.70%	99.60%	93.88%	115.60%	★★★
98	Sooke	BC	Sk Jordan River	$625,427	86.02	14.04	102.90%	81.60%	72.90%	0	0	★★★½
99	Central Saanich	BC	CS Saanichton	$943,669	34.14	59.23	181.80%	95.60%	128.80%	105.80%	121.90%	★★★
100	Sooke	BC	Sk 17 Mile	$625,427	60.62	43.90	130.50%	103.50%	92.50%	118.99%	100.90%	★★★½
101	Oak Bay	BC	OB Henderson	$1,469,636	35.89	59.70	219.20%	74.00%	155.40%	93.12%	140.40%	★★★
102	Gulf Islands	BC	GI Saturna Island	$733,298	78.76	23.77	118.20%	80.00%	83.80%	98.30%	103.10%	★★★½
103	Saanich West	BC	SW Granville	$803,430	11.42	76.24	253.40%	156.50%	179.60%	120.31%	153.00%	★★★
104	Z01-Campbell River	BC	Z01 Willow Point	$633,333	95.03	2.38	87.70%	68.70%	62.20%	69.88%	0	★★★
105	Saanich West	BC	SW Beaver Lake	$803,430	16.53	86.81	221.20%	136.60%	156.80%	129.28%	154.30%	★★★
106	Saanich East	BC	SE Mt Tolmie	$994,243	40.32	52.83	175.30%	87.50%	124.20%	97.12%	131.40%	★★½
107	Sooke	BC	Sk Becher Bay	$625,427	2.15	83.51	375.70%	298.00%	266.30%	289.86%	187.90%	★★★
108	Oak Bay	BC	OB Estevan	$1,469,636	16.40	74.79	290.10%	97.90%	205.70%	104.47%	144.90%	★★★½
109	Gulf Islands	BC	GI Pender Island	$733,298	73.79	25.57	122.00%	82.60%	86.50%	101.37%	99.40%	★★★½
110	Highlands	BC	Hi Western Highlands	$898,740	22.18	66.69	203.50%	112.40%	144.30%	107.21%	129.40%	★★★
111	Saanich West	BC	SW Gorge	$803,430	64.25	39.56	138.60%	85.60%	98.20%	93.84%	128.00%	★★★½
112	Saanich West	BC	SW Interurban	$803,430	52.02	41.09	152.30%	94.00%	107.90%	79.08%	145.00%	★★★
113	North Saanich	BC	NS Airport	$1,157,001	50.40	54.14	170.50%	73.10%	120.80%	0	158.80%	★★★
114	Sooke	BC	Sk West Coast Rd	$625,427	61.69	36.98	129.40%	102.60%	91.70%	73.18%	132.40%	★★★½
115	Victoria	BC	Vi Rockland	$957,519	14.11	54.81	247.20%	128.10%	175.20%	73.10%	163.10%	★★★
116	Malahat & Area	BC	ML Mill Bay	$714,950	52.96	31.30	145.50%	101.00%	103.10%	98.63%	105.90%	★★★½
117	Malahat & Area	BC	ML Malahat Proper	$714,950	9.95	92.39	253.60%	176.00%	179.80%	148.92%	186.20%	★★½
118	Langford	BC	La Walfred	$742,914	54.30	32.96	145.60%	97.20%	103.20%	102.04%	115.50%	★★★
119	Central Saanich	BC	CS Keating	$943,669	25.00	60.83	199.20%	104.70%	141.20%	124.05%	126.00%	★★★
120	Saanich West	BC	SW Royal Oak	$803,430	40.19	41.26	164.50%	101.60%	116.60%	93.14%	127.10%	★★★
121	Z02-Comox Valley	BC	Z02 Courtenay East	$390,000	93.15	0	78.60%	78.80%	55.70%	0	0	★★½
122	Saanich East	BC	SE Maplewood	$994,243	47.31	38.04	165.40%	82.50%	117.20%	90.48%	128.50%	★★★
123	View Royal	BC	VR Prior Lake	$780,125	58.87	31.77	143.10%	91.00%	101.40%	92.81%	115.50%	★★
124	North Saanich	BC	NS Swartz Bay	$1,157,001	19.62	58.68	240.80%	103.30%	170.70%	107.61%	134.20%	★★★½
125	Saanich East	BC	SE Sunnymead	$994,243	25.81	51.54	202.90%	101.20%	143.80%	94.29%	133.00%	★★★½
126	Z04-Nanaimo	BC	Z04 Extension	$661,699	86.29	0	105.80%	79.30%	75.00%	0	0	★★★
127	Z01-Campbell River	BC	Z01 Campbell River North	$633,333	33.87	44.30	165.30%	129.50%	117.20%	195.26%	18.00%	★★★
128	North Saanich	BC	NS McDonald Park	$1,157,001	5.11	83.55	336.70%	144.40%	238.70%	105.07%	187.50%	★★★½
129	Victoria	BC	Vi James Bay	$957,519	28.09	35.40	193.90%	100.40%	137.40%	91.99%	122.00%	★★★
130	Saanich East	BC	SE Cordova Bay	$994,243	12.23	56.86	259.10%	129.30%	183.60%	103.54%	129.10%	★★★
131	Saanich West	BC	SW Layritz	$803,430	34.01	45.17	173.80%	107.30%	123.20%	110.47%	115.60%	★★★
132	View Royal	BC	VR Glentana	$780,125	28.63	49.10	181.30%	115.30%	128.50%	113.57%	126.40%	★★★½
133	Saanich West	BC	SW Portage Inlet	$803,430	19.09	52.30	206.10%	127.30%	146.10%	101.35%	136.40%	★★★
134	Sidney	BC	Si Sidney South-East	$846,423	30.65	31.23	181.30%	106.30%	128.50%	100.11%	113.20%	★★½
135	Sooke	BC	Sk Phillips North	$625,427	42.74	33.71	153.90%	122.10%	109.10%	0	114.50%	★★★
136	Saanich East	BC	SE Cadboro Bay	$994,243	9.81	48.79	283.60%	141.50%	201.00%	97.69%	127.00%	★★★
137	Oak Bay	BC	OB South Oak Bay	$1,469,636	13.84	55.82	305.30%	103.00%	216.40%	94.70%	137.80%	★★½
138	Langford	BC	La Humpback	$742,914	64.78	19.06	136.40%	91.10%	96.70%	73.56%	120.40%	★★★½
139	Esquimalt	BC	Es Rockheights	$819,958	36.96	34.14	169.70%	102.70%	120.30%	95.57%	120.60%	★★★½
140	Metchosin	BC	Me Rocky Point	$1,017,076	19.62	50.80	226.00%	110.20%	160.20%	140.86%	114.40%	★★★½
141	View Royal	BC	VR View Royal	$780,125	39.78	23.05	163.60%	104.00%	115.90%	93.11%	112.40%	★★★
142	Highlands	BC	Hi Bear Mountain	$898,740	48.12	24.99	161.20%	89.00%	114.30%	86.97%	108.60%	★★★
143	Colwood	BC	Lagoon	$743,665	21.24	54.05	197.00%	131.40%	139.60%	120.34%	120.70%	★★★½
144	Colwood	BC	Latoria	$743,665	45.56	29.63	154.60%	103.20%	109.60%	92.96%	117.00%	★★★
145	Langford	BC	La Bear Mountain	$742,914	26.34	57.25	183.70%	122.70%	130.20%	106.52%	124.30%	★★★
146	Z03-Duncan	BC	Z03 Cowichan Station/Glenora	$634,895	75.40	3.27	116.70%	91.20%	82.70%	73.88%	0	★★★
147	Metchosin	BC	Me Kangaroo	$1,017,076	22.04	52.39	215.00%	104.90%	152.40%	112.21%	126.30%	★★★½
148	Metchosin	BC	Me Metchosin	$1,017,076	33.60	35.84	189.50%	92.40%	134.30%	97.79%	111.00%	★★★½
149	Highlands	BC	Hi Eastern Highlands	$898,740	24.19	56.75	198.90%	109.80%	141.00%	107.62%	129.00%	★★★½
150	Saanich West	BC	SW Strawberry Vale	$803,430	36.42	28.80	168.50%	104.00%	119.40%	94.67%	114.80%	★★★
151	Oak Bay	BC	OB Uplands	$1,469,636	2.02	61.72	490.20%	165.50%	347.50%	86.13%	161.60%	★★★½
152	Gulf Islands	BC	GI Salt Spring	$733,298	34.95	35.78	168.20%	113.80%	119.20%	102.81%	108.10%	★★½
153	Saanich East	BC	SE Queenswood	$994,243	4.57	68.70	332.80%	166.00%	235.90%	87.66%	157.80%	★★★
154	Sooke	BC	Sk Sheringham Pnt	$625,427	62.23	2.33	129.00%	102.30%	91.40%	35.86%	78.80%	★★★
155	Saanich West	BC	SW Elk Lake	$803,430	6.99	49.92	287.20%	177.40%	203.60%	39.04%	193.70%	★★★
156	Central Saanich	BC	CS Island View	$943,669	5.51	52.45	314.80%	165.50%	223.10%	156.32%	111.90%	★★★½
157	North Saanich	BC	NS Deep Cove	$1,157,001	13.31	47.64	276.50%	118.60%	196.00%	88.71%	137.40%	★★½
158	Langford	BC	La Olympic View	$742,914	30.11	18.88	178.40%	119.20%	126.50%	97.24%	0	★★★½
159	Saanich West	BC	SW Prospect Lake	$803,430	15.19	56.83	228.20%	140.90%	161.80%	99.08%	129.90%	★★★
160	North Saanich	BC	NS Dean Park	$1,157,001	36.56	29.45	191.80%	82.30%	136.00%	91.88%	116.40%	★★★★
161	Z04-Nanaimo	BC	Z04 North Jingle Pot	$661,699	66.13	0	127.00%	95.20%	90.00%	0	0	★★½
162	North Saanich	BC	NS Sandown	$1,157,001	47.58	12.10	174.20%	74.70%	123.40%	77.43%	95.10%	★★★½
163	Z10-Islands	BC	Z10 Lasqueti Island (Zone 5)	$616,667	44.49	23.63	151.20%	121.60%	107.20%	107.30%	0	★★★½
164	Metchosin	BC	Me Olympic View	$1,017,076	49.46	5.03	164.40%	80.20%	116.60%	51.02%	0	★★★
165	Central Saanich	BC	CS Oldfield	$943,669	30.65	9.44	189.10%	99.40%	134.00%	64.14%	96.00%	★★★½
166	Sooke	BC	Sk French Beach	$625,427	25.81	27.91	180.30%	143.00%	127.80%	110.55%	41.60%	★★★
167	North Saanich	BC	NS Lands End	$1,157,001	16.80	21.14	251.90%	108.00%	178.50%	88.49%	100.30%	★★★
168	Oak Bay	BC	OB Gonzales	$1,469,636	4.17	33.57	397.10%	134.00%	281.50%	90.56%	109.60%	★★★★
169	Victoria	BC	Vi Burnside	$957,519	45.43	12.98	159.20%	98.30%	112.90%	0	0	★★★½
170	Z10-Islands	BC	Z10 Cortes Island (Zone 1)	$616,667	55.78	0	137.60%	110.70%	97.50%	0	0	★★★
171	Z03-Duncan	BC	Z03 Youbou	$634,895	27.02	27.02	179.10%	140.00%	127.00%	116.70%	0	★★★
172	Metchosin	BC	Me William Head	$1,017,076	9.41	19.07	286.20%	139.60%	202.90%	0	96.40%	★★★
173	Saanich East	BC	SE Ten Mile Point	$994,243	3.23	42.10	350.70%	175.00%	248.60%	77.82%	150.20%	★★★
174	Gulf Islands	BC	GI Galiano	$733,298	18.41	42.22	205.60%	139.10%	145.70%	64.97%	202.80%	★★★½
175	Central Saanich	BC	CS Willis Point	$943,669	16.67	31.71	229.20%	120.50%	162.50%	87.98%	130.40%	★★★
176	Colwood	BC	Olympic View	$743,665	24.87	19.55	188.80%	125.90%	133.80%	102.13%	0	★★★
177	Metchosin	BC	Me Albert Head	$1,017,076	27.42	16.27	201.30%	98.20%	142.70%	92.86%	102.90%	★★★½
178	North Saanich	BC	NS Curteis Point	$1,157,001	2.96	40.33	382.30%	163.90%	271.00%	136.00%	87.40%	★★★
179	Central Saanich	BC	CS Martindale	$943,669	14.38	5.83	245.70%	129.20%	174.10%	69.24%	58.30%	★★★
180	Saanich East	BC	SE Blenkinsop	$994,243	18.28	9.84	228.50%	114.00%	162.00%	90.20%	92.00%	★★★
181	North Saanich	BC	NS Ardmore	$1,157,001	10.08	24.49	289.50%	124.20%	205.20%	74.01%	106.40%	★★★½
182	Gulf Islands	BC	GI Sidney Island	$733,298	32.93	0	172.30%	116.60%	122.20%	0	0.00%	★★★
183	Central Saanich	BC	CS Inlet	$943,669	6.45	14.88	310.30%	163.10%	220.00%	83.08%	109.40%	★★½
184	Z06-Port Alberni	BC	Z06 Tofino	$3,200,000	10.22	0	645.00%	100.00%	457.20%	0	0	★★★
185	Z04-Nanaimo	BC	Z04 Hammond Bay	$661,699	4.44	12.98	322.30%	241.70%	228.50%	0	0	★★★
186	Sooke	BC	Sk Silver Spray	$625,427	3.09	0	338.60%	268.60%	240.00%	0	0	★★★

Value: Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum: Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Coming into 2020, the housing market on Vancouver Island looked strong. With the exception of Parksville/Qualicum and Nanaimo, virtually every community on the island favoured the seller. Just before March, realtors and analysts were anticipating a hot spring selling season, with the British Columbia Real Estate Association (BCREA) predicting price growth between 3.6% and 6% for most communities on the island.

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Then COVID-19 hit. While the impact of the coronavirus is being felt across every sector of the economy, it’s the housing market that sits in a painful wait-and-see pattern. In mid-March, when the outbreak officially hit the B.C. market, housing activity on Vancouver Island dropped dramatically. For example, only 189 single-family homes sold on the island in March 2020; this number increased slightly to 246 homes sold in April, and by the end of May residential real estate activity seemed to be making a comeback with more than 455 single-family homes selling across the island.

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The real test, however, is whether housing prices can remain stable. According to the Vancouver Island Real Estate Board’s (VIREB), the benchmark price of a single-family home was $528,800 in May; quite surprisingly, this was 3% higher than the same time frame from the previous year. (Benchmark pricing tracks the value of a typical home in the reported area.) Townhomes and condo-apartments also seem to be weathering current market challenges well, with both property types reporting a 3% year-over-year increase in prices in May 2020. Still, real estate boards across B.C. continue be conservative in their estimates of how well residential housing will perform this year. Most are predicting a year marked with lower than normal sales activity, which could translate into stagnant or falling prices as the year ends. According to the BCREA, the advantages in favour of a sooner rather than later bounce-back are the current low interest rates and continued pent-up demand. On the other hand, the slower economy, the market uncertainly, and a prediction that a return to normal isn’t in the cards means that many anticipate a tough go for island housing markets for the foreseeable future. For well-positioned buyers—those with a secure income and a sizeable down payment saved up—this could be an ideal time to get into Vancouver Island’s housing market. To help, here are this year’s top three neighbourhoods on Vancouver Island:

1. Colwood Corners, Colwood

Just 10 kilometres from the City of Victoria, Colwood Corners is one of the area’s fastest-growing communities on the island. It’s family-friendly, offers commuters easy access to the city, is close to nature and still has plenty of retail amenities. What’s more, this seaside neighbourhood is earmarked, by the City of Colwood, for development dollars. Back in January 2019, city councillors identified this as a key area for future growth and development. By May, developer Omni had already broken ground here with a plan to have a mixed residential and commercial complex available for tenancy by summer 2021. Omni’s plan includes 471 residential units housed in 10 buildings (the initial release will be 276 market residential units) and 152,000 square feet of commercial space. Omni has also agreed to provide ‘enhancements’ to this area, including new bike lanes and a pedestrian-friendly boulevard, which is sure to bring added value and a revitalized sense of community to the area. Prior to the pandemic and market slowdown, homes typically sold within 44 days in Colwood Corners. Average Single-Family Home Price (2019): $677,500

2. Hatley Park, Colwood

At the centre of this community is the Canadian version of Versailles, Hatley Castle. The Edwardian estate offers visitors fascinating history, yards and yards of beautifully manicured gardens and 565 oceanfront acres with an amazing view of the majestic Olympic Mountains in the U.S. Of course, residents don’t find themselves at the estate every day, but this lovely, historic home certainly does set the ‘house-proud’ tone for the community. As a result, residents are passionate about keeping their homes in good condition. Properties in this neighbourhood are more affordable than downtown Victoria, but only 27 minutes away from that urban core. This makes the area a good spot for first-time homebuyers. Nearby amenities including restaurants, child care services, bars, churches and banks make this a very family-friendly neighbourhood. Prior to the pandemic and market slowdown, homes typically sold within 35 days in Hatley Park. Average Single-Family Home Price (2019): $672,318

3. Langford Proper, Langford

Langford was named after Captain Edward Langford, who established a farm in this location in 1851. Langford was incorporated as a district municipality in December 1992 and since then has grown quickly. The pace of development and some planning decisions (particularly big-box retail developments) have attracted criticism over the years. However, this community is known for its innovative and consistent approach to growth and development and has become a model for other communities because of its commercial zoning policies. It’s also the envy of residential developers due to an emphasis on energy efficiency and affordability. Langford is close enough to Victoria to allow an easy commute. The area includes a variety of subdivisions and a broad selection of single-family homes, condo and townhome properties, as well as luxury estates. Buyers here will appreciate the amount of property they get for their money. Many homes offer large formal living rooms, cozy fireplaces, and large windows with breathtaking views of Mount Baker. Things to do in Langford include shopping at Westshore Town Centre (formerly Canwest Mall) and taking in some county-fair style amusement and food at Luxton Fair, which takes place in mid-September at the local fairgrounds. Visitors can also participate in go-karting and mini-golfing, and watch stock-car racing at Western Speedway. Notable physical features of Langford include the three prominent lakes (Langford Lake, Glen Lake and Florence Lake) and the Humpback reservoir, several peaks such as Mount Finlayson and Mount Wells, and the famous Goldstream Provincial Park. Prior to the pandemic and market slowdown, homes typically sold within 24 days in Langford Proper. Average Single-Family Home Price (2019): $546,248

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