North Jubilee, Oak Bay - July 2026 Real Estate Report

North Jubilee, Oak Bay: Your Neighbour Just Got a Raise. Did You?

If you own a home in North Jubilee and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already stale. The HonestDoor Price is running at an average of $15,307,600 right now - up 6.46% from the previous period. That is a real-world number, updated in real time, not a government snapshot from last July. There is a meaningful gap between those two figures, and that gap could be money you are leaving on the table.

The Vibe: What Is Actually Happening on Our Streets

Houses

If you have been watching the "For Sale" signs in North Jubilee, here is what is actually happening. We are sitting in a stable buyers' market right now. One house sold recently at an average price of $715,000, and buyers paid about 92% of the asking price. That means sellers are negotiating. Listings are sitting at $775,000 on average, so there is a gap between what owners want and what buyers are paying.

The predicted market value for houses here lands at $1,067,013 - up slightly from the 3-month moving average of $1,052,205. That is a slow but steady climb. Homes are spending about 22 days on the market, which is longer than nearby Oaklands at 13 days. The market is taking a breather, but it is not stalling.

• Average sale price: $715,000
• Average list price: $775,000
• Sale-to-list ratio: 92.26%
• Price per square foot: $562
• Average days on market: 22
• Predicted market value: $1,067,013
• Estimated monthly rent: $4,363
• Rental yield: 4.63%
• Recent value change: up 2.74%
• Growth rank: 9 out of 14 neighbourhoods in Victoria
• Price rank: 12 out of 13 - among the most affordable in the city

That growth rank is our neighbourhood leaderboard position. Sitting at 9 out of 14 puts us in the below-average tier for Victoria right now. We are not leading the pack, but we are not at the bottom either. Oaklands is pulling ahead with a predicted value of $1,241,707, so there is upside here if North Jubilee catches up.

Condos

The condo picture is a little more nuanced. One unit sold at $400,000, with buyers paying 95.26% of list - closer to asking than houses, which tells us condo buyers are more willing to meet sellers partway. Still a buyers' market, but tighter.

The predicted market value for condos is $1,707,241, but that number is drifting slightly downward from the 3-month average of $1,715,714. Values have dipped 1.88% recently. That is worth watching. Condos are sitting on the market for 15 days - longer than South Jubilee at 8 days and Oaklands at 13 days.

• Average sale price: $400,000
• Average list price: $419,900
• Sale-to-list ratio: 95.26%
• Price per square foot: $459
• Average days on market: 15
• Predicted market value: $1,707,241
• Estimated monthly rent: $4,632
• Rental yield: 3.30%
• Recent value change: down 1.88%
• Growth rank: 6 out of 14 neighbourhoods in Victoria - above average
• Price rank: 12 out of 14 - among the most affordable in the city

Condos rank 6 out of 14 for growth - that puts us above average on the neighbourhood leaderboard for this property type. Even with the small recent dip, the longer-term position is solid. South Jubilee condos are predicted higher at $1,979,525, so there is room to grow.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the honest truth about BC Assessments. They are calculated once a year using data from the previous July. A lot can change in 12 months. The HonestDoor Price pulls from current market activity and updates continuously. With the average HonestDoor Price in North Jubilee sitting at $15,307,600 and up 6.46%, there is a real chance your assessment is not reflecting what a buyer would actually pay you today.

On top of that, the average rental estimate here is $22,420 and the Airbnb potential is $1,115 per night. North Jubilee ranks number 1 in Oak Bay for Airbnb. That is not a small detail. If you are thinking about your property as an income asset - not just a home - those numbers change the conversation entirely.

Check your HonestDoor Price now. Do not wait for the next assessment to tell you what your home is worth.

The "So What?": Thinking About Selling This Summer?

If you are a house seller, price it sharp. Buyers are paying 92 cents on the dollar right now, and homes are sitting longer than in nearby neighbourhoods. That does not mean you cannot sell well - it means you need to come in priced right from day one. An overpriced listing in this market will sit, and a sitting listing loses leverage fast.

If you own a condo, the window is actually a bit more competitive. Buyers are paying closer to list, and your growth rank puts you above average in Victoria. The slight dip in predicted value is a signal to move sooner rather than later if you are considering it.

For both property types, North Jubilee is among the most affordable in Victoria right now - ranked near the bottom of the price leaderboard. That is a selling point for buyers, which means your pool of interested people is broader than in pricier pockets of the city. Use that. Price it right, lean into the income potential numbers, and get ahead of the fall market before everyone else lists in September.

Want to know exactly where your property sits? Pull your HonestDoor Price today and see the real number - not last year's guess.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.