🏡 Most Affordable Municipalities for Single-Family Homes

Where Can You Still Find Value? A Breakdown of Victoria’s Most Affordable Neighbourhoods (April 2025)

With interest rates still weighing on affordability and home prices stabilizing, many buyers in Greater Victoria are asking the same question: Where can I still get good value in today’s market?

The latest April 2025 stats show that not all parts of the region are priced the same—and that’s good news if you're looking to get into the market or move within it. Whether you’re a first-time buyer or downsizer seeking a lower-maintenance option, here’s a look at where you’ll find the most affordable options for single-family homes, condos, and townhomes right now.

🏡 Most Affordable Municipalities for Single-Family Homes

While the benchmark price in the Victoria Core rose to $1,344,800, some municipalities are still offering single-family homes at a significant discount.

Here are the April 2025 average prices:

  • Langford: $1,047,900

  • Colwood: $1,058,900

  • Sooke: $1,088,100

  • Central Saanich: $1,175,100

  • Saanich West: $1,181,200

📌 Takeaway: If you're looking for space, modern builds, and a family-friendly vibe, Langford and Sooke offer strong value under the $1.1M mark. With new infrastructure and amenities coming in fast, these areas continue to attract long-term buyers.

🏢 Best Value in Condos

Condos continue to present the most affordable entry point into the Victoria market, and in some neighbourhoods, prices remain very accessible—especially with inventory up 13.5% year over year.

April 2025 average condo prices:

  • Langford: $516,502

  • View Royal: $525,414

  • Central Saanich: $537,450

  • Saanich West: $548,778

  • Victoria/Victoria West: $604,573

📌 Takeaway: If you're a first-time buyer or investor, Langford and View Royal offer low price points and newer buildings. For a more urban lifestyle, Victoria West condos are still attractive compared to their Vancouver counterparts.

🏘️ Townhomes Offering Space Without the Detached Price Tag

Townhomes give buyers that “home feel” without the full cost of a detached property. They’re ideal for growing families or downsizers looking for less maintenance.

Here are the average April 2025 prices:

  • Sooke: $631,000

  • View Royal: $607,500

  • Langford: $739,200

  • Central Saanich: $687,000

  • Saanich West: $818,300

📌 Takeaway: Want more than a condo but can't quite stretch to a house? Sooke and View Royal give you that blend of space and affordability—and are especially popular with young families.

💡 The Big Picture

Not all markets are created equal—and that’s where local insight really matters. While some neighbourhoods like Oak Bay or North Saanich are firmly in the luxury zone, others are still offering real value in a balanced market. With inventory rising, buyers have more choice than they’ve had in years—but the best homes are still moving fast.

Thinking of Buying?

If you're searching for the right fit at the right price, let’s connect. I’ll help you navigate each pocket of the market so you can find the right home, in the right neighbourhood, at the right time.

📞 Dan Juricic | 250.514.8261
🔑 Serving Saanich, Victoria, and the Peninsula