Saanich Real Estate Market Report
Executive Summary
The Saanich, British Columbia real estate market is currently classified as a balanced market. The median asking price is $1.1M, down 23.0% over the past 30 days.
There are currently 579 active listings. Inventory has increased 90.5% compared to last month.
Currently, listings spend an average of 43 days on market and the average price per square foot is $626.
Detached properties make up the largest share of the Saanich market at 56% of active listings with an average price of $1.8M. Condo listings follow at 44% (avg $826K).
Sales Activity & Absorption
Volume
Market Signals
275 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Oak & Stone | 5 | $583K |
| The Tides at Cordova Bay | 5 | $1.1M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Saanich market currently has 579 active listings with a median price of $1.1M.
- Prices declining (-23% in 30 days)
- Low price reduction rate (0% of listings)
- Average price per square foot is $626
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of May 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.