Executive Summary
The Saanich, British Columbia real estate market is currently classified as a balanced market. The median asking price is $1.1M, down 28.0% over the past 30 days.
There are currently 412 active listings. Inventory has increased 79.9% compared to last month.
Currently, listings spend an average of 37 days on market and the average price per square foot is $558.
Detached properties make up the largest share of the Saanich market at 51% of active listings with an average price of $2.0M. Condo listings follow at 49% (avg $933K).
Sales Activity & Absorption
Volume
Market Signals
183 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Cordova Bay | 6 | $1.5M |
| Oak & Stone | 5 | $583K |
| Twelve Cedars | 5 | $989K |
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 412 active listings with a median price of $1.1M.
- Prices declining (-28% in 30 days)
- Low price reduction rate (0% of listings)
- Average price per square foot is $558
Market data is calculated from active and recently sold MLS listings as of March 1, 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.