One of the questions I hear most often, whether I am working with someone relocating to the Island or a client rightsizing into their next chapter, is whether to buy the home that is already done or the one with good bones and room to make it your own. It is rarely a simple answer, and the right choice depends as much on your finances as it does on the house itself.

This month's Mortgage Minute is from my trusted mortgage partner, Paul Macara. Paul works with my clients to make sure the numbers behind a purchase actually support the life they are planning, and his take on this question is one of the clearest I have read. I will let him take it from here.

(Article by Paul Macara, Mortgage Agent)

Every home search eventually runs into the same question:

Do you pay more for the house that already has the dream kitchen, finished basement, and updated bathrooms? Or do you buy the one that needs some work and make it your own over time?

It can be a harder decision than it first appears.

A move-in-ready home may come with fewer surprises, but it can also mean stretching your budget closer to its limit. A home that needs renovations may offer more room to customize, but the costs, timelines, and disruption can be difficult to predict.

The Appeal of a Move-In-Ready Home

For many buyers, the appeal of a finished home is certainty.

You know more about what you're getting. You may avoid months of renovation projects, contractor meetings, and unexpected delays. There's also less pressure to start spending money immediately after closing.

That certainty can be especially valuable for busy professionals, growing families, or anyone who simply wants to unpack and enjoy their new home.

The financial side still deserves careful thought, however. A higher purchase price can mean a larger mortgage payment, higher property taxes, and less room in the budget for furniture, emergencies, travel, or future life goals.

Where Renovations Can Make Sense

A home that needs work can be an opportunity, particularly if it's in a great location or the improvements can be completed gradually.

It may allow you to enter the market at a lower price point, build equity through improvements, and create a home that truly reflects your style and needs.

Renovations work best when the costs are realistic and there is enough flexibility in the budget to handle surprises. Timelines can stretch, materials and labour can cost more than expected, and not every improvement adds dollar-for-dollar value.

Buyers also need to think carefully about how the work will be funded, whether through savings, a line of credit, refinancing later, or a mortgage option that allows for improvements.

Compare the Full Cost, Not Just the Purchase Price

Before making an offer, it's worth comparing both paths clearly: the cost of buying a more finished home versus the cost of buying a lower-priced home and completing the work needed.

That comparison should include more than the purchase price.

• Monthly payments

• Available cash after closing

• Renovation costs

• Financing options

• Future flexibility

A home that needs work can be a fantastic opportunity, but only if the numbers still leave you comfortable after closing.

The best house isn't always the one that looks perfect on day one, it's the one that fits your financial goals and lifestyle for years to come.

If you are contemplating a purchase or renovation, let's review your full financial picture and connect you with any professionals needed to make the best decision for your personal situation.

Thank you, Paul, for such a clear and practical look at a question so many of my clients wrestle with. Connect with him here: Paul Macara, Mortgage Agent (250) 857-4741 paul@macaramortgages.com macaramortgages.com

Whether you are drawn to a home that is ready on day one or one you can shape into your own over time, the right answer starts with understanding both the numbers and the neighbourhood. That is where I come in. If you are thinking about a move anywhere in Greater Victoria, the Saanich Peninsula, Sidney, or the Westshore, I would love to help you weigh your options and find the home that truly fits your next chapter. Reach out anytime for a no pressure conversation about what is possible.

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com
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Summer arrived on Vancouver Island and so did a shift in the mood of the market. June closed with 719 total property sales across Greater Victoria, just slightly ahead of May and part of a steadier, more measured pace that has been building throughout the second quarter of 2026. If you have been watching and waiting to understand what this market is actually doing, June's numbers give us a clearer picture than we have had in some time.

The headline is this: inventory is high, buyers have choices they have not had in years, and the market is rewarding preparation on both sides of the transaction. That is good news whether you are looking to buy or thinking about what your next move looks like.

What sold in June

A total of 719 properties changed hands across the region in June, down 5.5% from June 2025 but essentially flat compared to May. Single family home sales came in at 388, down 3.5% year over year. Condominium sales continued to soften significantly, with 182 units sold, a decrease of 26.9% compared to June of last year. Townhome sales bucked that trend, coming in at 94, up 25.3% year over year. That townhome number is worth noting, particularly for anyone in the middle of a downsizing decision or looking for a low maintenance option on the Peninsula.

What inventory is doing

There were 4,054 active listings on the market at the end of June, up 0.6% from May and 7.3% higher than this time last year. That level of inventory means buyers are spending more time comparing properties and looking carefully at value before committing. It also means that sellers who present and price their homes well are the ones standing out in a market where there is real competition for attention.

Single family home prices by area

Single family benchmarks are holding relatively firm across most of the region, though there are meaningful differences depending on where you look. The benchmark for a single family home in the Victoria Core sits at $1,326,500, down 0.6% from June 2025. The Westshore single family benchmark is $1,023,400, down 1.8% year over year. The Peninsula continues to hold its ground with a benchmark of $1,282,000, up 1.3% from last year. That Peninsula resilience is something I have been watching closely, and it continues to reflect steady, genuine demand in that area.

Condo prices by area

The condo market continues to soften across most of the region. The benchmark for a condo in the Victoria Core is $549,200, down 1.9% from June 2025 and continuing a gradual decline from May's reading of $551,400. The Westshore condo benchmark sits at $503,900, down 0.5% year over year. The Peninsula condo benchmark is $629,700, up 1.7% from last year, making it the one area where condo values are still moving in a positive direction. For buyers considering a condo purchase, particularly in the Core or Westshore, there is more room to negotiate right now than there has been in several years.

Townhome prices by area

Townhome benchmarks are relatively stable. The Greater Victoria townhome benchmark sits at $782,300, down 1.5% year over year. In the Core, the benchmark is $841,200, down 0.5% from last year. The Westshore townhome benchmark is $712,900, down 1.8% year over year. The Peninsula townhome benchmark sits at $826,800, down 1.3% from last year. Despite those modest year over year decreases, townhomes are selling with more consistency than condos right now, and the volume increase of 25.3% in June tells a meaningful story about where buyer interest is concentrated.

What this means if you are buying

With more than 4,000 active listings and condo sales down nearly 27% year over year, buyers in this market have options and negotiating room that simply did not exist two or three years ago. You have time to compare, ask questions, and find something that genuinely fits your life rather than settling because inventory was thin. That said, well priced homes in the right condition are still moving. Working with someone who knows which sub-markets are active and which are sitting longer will make a real difference in how confidently you move through this process. If you are not yet connected with a mortgage professional, this is a good time to do that. I am happy to make a personal introduction to someone I trust.

What this means if you are selling

This market is not forgiving of overpricing. Buyers are comparing properties carefully, they are taking their time, and they have enough options that a home priced above its current market value will simply be passed over. The good news is that well priced, well presented homes are selling. If you are thinking about downsizing and wondering what your current home is worth in this environment, a conversation with me is a useful starting point. I can give you an honest picture of value and help you think through the timing of both sides of that move.

The balanced market in plain terms

The sales to active listings ratio for June puts our market firmly in balanced territory, meaning there is neither strong upward nor strong downward pressure on prices overall. What that number does not capture is how differently the sub-markets are behaving. Condos in the Core and Westshore are softer. Detached homes and condos on the Peninsula are holding their value better than most. Townhomes are moving with more consistency than the condo segment. Understanding which of these markets you are operating in is the most important piece of information you can have right now.

If you would like to talk through what any of this means for your specific situation, I am always happy to have that conversation. No pressure, no pitch. Just an honest look at where things stand.

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com
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Some purchases come together because the timing is right, the home is right, and the buyers are ready. That was exactly the case with Unit 1 at 840 Craigflower Road in Esquimalt, and I am so pleased to share that my clients have officially found their next chapter here.

This is a 3-bedroom, 1.5-bath townhome in Shangri La Estates, a well-established strata community sitting right on the edge of Esquimalt and Vic West. At 1,315 finished square feet over two levels, it lives generously. There is a fully renovated kitchen that was taken to the studs in 2020 and rebuilt with real care, a dining area large enough for a proper dinner party, a private patio with access to common green space, and three bedrooms upstairs with a full 4-piece bath. The updates throughout are the kind that matter: hard flooring, soundproofing between units, vinyl windows, and a newer hot water tank. This was a home that had been genuinely looked after.

What made this purchase meaningful was not just the home itself but the process of getting my clients there. Of the couple, one of them was a first-time buyer. They were navigating a market with two active listings in the same complex at the same price. Understanding what each unit offered, how the strata was run, and what the numbers actually meant for their long-term budget was the work we focused on together. They did not just buy a home. They made an informed decision about a community they are going to love being part of.

Esquimalt is a neighbourhood that rewards curiosity. The walk to Banfield Park and the dock, the proximity to schools and shopping, the easy connection to downtown Victoria on foot or by bike — it all adds up to a place that feels like home quickly. I have watched this pocket of the city grow in confidence over the years, and it is a genuinely wonderful place to put down roots.

If you are starting your own search in Esquimalt or anywhere across Greater Victoria, I would love to help you find the right fit. Let's talk.

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com
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If you have been keeping an eye on the Central Saanich market and wondering whether homeownership is still within reach, this one is worth a closer look. Tucked into Starlight Village on Tsawout First Nation lands along Qwuc Chus Lane in Saanichton, #42 is a 1 bedroom, 1 bathroom manufactured home that has been completely renovated down to the studs. It is move-in ready, priced well, and situated in one of the most quietly wonderful corners of the Saanich Peninsula.

View this listing: 42-7650 Qwuc Chus Ln

What Makes Starlight Village Worth Knowing About
Starlight Village is a well-kept, friendly community with no age restrictions and no rental restrictions, which makes it genuinely flexible for a wide range of buyers. The homes were built in 2021 to a solid standard, with 2x6 construction, poured concrete foundations, heat pumps, and vaulted ceilings throughout the park. What sets this particular unit apart is what has happened since it was built. This home has been completely gutted and redone. Every surface is new.

Inside: Everything Is New
The renovation at #42 was done properly. New flooring runs throughout the entire home, every wall has been redone and freshly painted, new lighting has been installed throughout, and the kitchen features brand new never used appliances including a fridge, stove, dishwasher, and microwave. The home also features vaulted ceilings, quartz countertops, and a heat pump with air conditioning for year-round comfort. Whether you are a first-time buyer, a downsizer looking to simplify without sacrificing quality, or someone relocating to Vancouver Island and wanting a place that is truly ready to live in, this home delivers that in full.

Outside: Your Own Private Space
The fully fenced yard gives you your own slice of outdoor space in a low-maintenance setting. There is a deck and garden area that is ideal for growing something, hosting a summer dinner, or simply sitting outside with your morning coffee. The Peninsula climate makes that possible for a good portion of the year.

A Location That Genuinely Delivers
The location is one of the more underappreciated aspects of this property. Starlight Village sits just minutes from the Pat Bay Highway, which connects you quickly to downtown Victoria, the airport, and the BC Ferries terminal at Swartz Bay. But what makes day-to-day life here so pleasant is what is right nearby. Lochside Trail runs close by for cycling and walking. Island View Beach is just a short drive away. Saanichton Bay Park offers a beautiful spot along the water. Multiple marinas are accessible for those who love being on the water. Panorama Recreation Centre is close for swimming, fitness, and community programming. And the Saanich Peninsula Hospital is just minutes away, which matters for a lot of buyers.

The Practical Details
The pad fee is $567 per month and covers your lease of Tsawout First Nation land, with 94 years remaining on the lease. Pets are welcome with some restrictions, and outdoor cats are not permitted. No age restrictions and rentals are permitted, making this a flexible option whether you plan to live here full time or hold it as an investment.

Is This the Right Fit for You?
This home is a wonderful fit for someone entering the market for the first time, a downsizer who wants a turnkey space without the upkeep of a larger property, or someone making the move to Vancouver Island who wants a home that is genuinely ready to walk into. The renovation means there are no projects waiting for you. Everything has been done.

If you would like to book a showing or have questions about Starlight Village or leasehold ownership, I am always happy to talk it through. 

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com
Instagram | Facebook

There is a particular kind of energy in a room full of women who have decided to show up for themselves. It is warm and loud and a little bit contagious. That is exactly what I walked into on June 10th at the Victoria Pickleball Centre in Langford, and I have been thinking about it ever since.

Pickleballooza is a Women's 55 Plus Rally Tournament organized by The Local Inc., and this year it brought together one hundred women for a full day of pickleball, live music, and the kind of community connection that is genuinely hard to find. I was proud to be a sponsor, and I was there in person for the whole day with a hydration station stocked with Good Life Juice Skye High electrolyte drinks and fresh lemon, lime, and cucumber infused water. I wanted every player to feel taken care of, and I think we pulled it off.

I also had a gift basket giveaway at my booth, generously donated by two local partners I am so grateful for: Victoria Olive Oil Co. and Gourmet Foods. The basket was beautiful, the entries came in all day, and the energy around it was a reminder that people love a reason to connect, even if it is just stopping by a table to fill out a form.

If you want to see how the day came together, I put together a highlight reel that captures the setup, the players on the court, and a few of the moments in between. You can watch it here: Pickleballooza Recap

What I did not expect was how much I would take away from the conversations. I spoke with women who were thinking about downsizing, women who were curious about different neighbourhoods, and women who just wanted to know what the market is doing right now. These are the conversations I live for, and they happen naturally in spaces like this one, away from the formality of a showing or a listing presentation.

One of the things I try to do in my work is help people find not just a home but a place where they belong. That question, "will I find my people here?", comes up more often than almost any other. Days like Pickleballooza are part of my answer. Vancouver Island has a community of active, engaged, generous women who show up for each other, and if you are thinking about whether this is the right place for your next chapter, I would invite you to take that as a very good sign.

A heartfelt thank you to The Local Inc. for creating this event, and to every woman who stopped by my booth to say hello. I already cannot wait for next year.

If you have questions about downsizing, relocating, or what life on Vancouver Island actually looks like day to day, I am always happy to talk. There is no pressure and no agenda, just a conversation with someone who has been through the transition herself and genuinely loves helping others navigate it.

Reach me anytime at 250-415-5656 or through yourvanislehome.com.

There's a question I hear more than almost any other from clients who are thinking about moving to Vancouver Island. It comes up toward the end of conversations, almost like an afterthought, but it never really is. The question is: where should we stay when we come to look?

It sounds practical, and it is. But what's behind it is something bigger. The trip to Vancouver Island is often the moment everything becomes real. It's when you stop imagining the move and start actually picturing it. Where you stay, how you wake up, whether you can walk somewhere for coffee, whether the town feels right at seven in the morning before you've seen a single house — all of that shapes what you come home with.

For a long time I gave my clients the best guidance I could. But I didn't have a place I could point to and say: go here, I trust this completely, this is the right base for the trip you're about to take.

That changed when I walked into The Sidney Pier Hotel.

The Sidney Pier sits right on the waterfront in Sidney, at the edge of Beacon Avenue and the marina. It's a short walk to the bookshops, bakeries, and coffee spots that make this town so easy to fall in love with on a first visit. The building is modern and thoughtfully designed, with a spa on site and a restaurant downstairs. It doesn't feel like a place you pass through. It feels like a place you settle into.

I should mention: the hotel has just completed a full reimagining of the suites. New finishes, new furnishings, and a feel that's warmer and more considered than before. The bathrooms are spa-inspired and well-appointed. The kitchens and kitchenettes are beautifully fitted out. It's the same stunning waterfront location — the views haven't changed — but the experience inside has been genuinely elevated. If you've stayed here before, it's worth coming back with fresh eyes.

I've partnered with The Sidney Pier Hotel to offer my relocation clients a special rate on three specific room types as part of working with me.

The Townview Suite is a spacious studio with a king bed, a full kitchen, and west-facing views over the heart of Sidney. It's the room for clients who like to cook their own breakfasts and spread out a little. The Seaport or Courtyard King is a comfortable, well-appointed guestroom with everything you need, offering views of either the courtyard or the town of Sidney. And the Coastal King or Queen is a beautifully designed room with courtyard or Beacon Avenue views, with select floors offering a private furnished balcony — one of the loveliest places to have your morning coffee while you think through the homes you saw the day before.

I make the reservation personally. There's no code or link — you just reach out to me and we sort it out together as part of working with me.

Sidney is a town that tends to make the decision for people. You arrive not quite sure, you walk Beacon Avenue, you sit somewhere with a coffee and watch the ferries move across the water, and then you know. I wanted my clients to have a place that helps that happen. The Sidney Pier Hotel is that place, and with the newly reimagined suites, it's better than ever.

If you're thinking about a move to the Saanich Peninsula and want to know more about how this works, reach out. I'm always happy to talk through what the process looks like from start to finish.

Find out more and view those dreamy suites right here.

Jacqueline Ross, REALTOR®
Your Van Isle Home
call/text: 250-415-5656
jac@yourvanislehome.com
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