North Saanich: Reading the Market in 2026
If there's one consistent theme in conversations with buyers and sellers across Greater Victoria's luxury and semi-rural markets, it's this: North Saanich properties hold their value. While other sub-markets have seen volatility tied to interest rate movements and shifting buyer sentiment, North Saanich has demonstrated a resilience that earns the description many use for it — a safe haven.
Current Price Benchmarks
- Detached homes (all sizes): Median sale price approximately $1.65M–$1.95M
- Properties on 1+ acres: Median sale price $2.2M–$3.8M
- Waterfront properties: $3.5M–$10M+
- Year-over-year change: Roughly flat to +3% overall, waterfront outperforming at +5–7%
Inventory: Still Tight
Active listings in North Saanich typically sit at 40–70 properties at any given time. This is a thin market by definition. Well-priced properties in the $2M–$4M sweet spot are not waiting long. Most North Saanich sellers are moving by choice — downsizing, relocating internationally, or making estate decisions — rather than under financial pressure.
Days on Market
- Under $1.5M: 15–30 days (very competitive)
- $1.5M–$3M: 30–60 days
- $3M+: 60–120 days (global buyer pool, longer decision timelines)
What's Driving Demand in 2026
- Lower Mainland equity migration: Greater Vancouver buyers with $2M–$4M in equity continue to find North Saanich attractive
- Interest rate stabilization: Buyer confidence in high-ticket purchases has recovered
- Remote work normalization: Executive roles decoupled from physical offices has expanded the geographic buyer range
- BC Ferries access: The Swartz Bay terminal (8 minutes away) is a genuine logistical advantage
The Risk Factors
- Illiquid relative to urban markets: If you need to sell quickly, you may need to discount
- Sensitive to luxury market sentiment nationally: A broader pullback in high-net-worth buyer confidence would affect the upper end
- Interest rate sensitivity at the high end: Properties in the $5M+ range are often bought with significant financing
Who Is Buying and Why
The 2026 North Saanich buyer is typically 55–68 years old, coming from Metro Vancouver or Calgary, cash-heavy or equity-rich, motivated by lifestyle as much as financial return, and making a long-term "forever" decision rather than a speculative investment.
Future Growth Outlook
North Saanich's ALR protections, low development density, and strong connectivity infrastructure make it one of the most defensible luxury real estate markets in BC. For buyers who are patient and selective, it remains one of the best places on Vancouver Island to deploy significant real estate capital.
Thinking of Buying or Selling in North Saanich?
My practice is built around this market. Whether you want current active listing data, a private property valuation, or guidance on timing your next move — reach out.
Dan Juricic | RE/MAX Camosun | Victoria, BC