North Quadra, Saanich - October 2026 Real Estate Report

2026-10-16 00:00 · Your HonestDoor Team

North Quadra, Saanich: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been glancing at your latest BC Assessment notice and wondering if that number is actually what your place is worth, the short answer is: probably not. The average assessed value in North Quadra sits at $1,180,454, but the average HonestDoor Price tells a different story at $1,213,511. That's a $33,000 gap - and that gap is money left on the table if you're making decisions based on the government's number alone.

The Vibe: What's Actually Happening on Our Streets

Let's be straight with each other. North Quadra is taking a breather right now. The market isn't crashing, but it's not running hot either. Neighbourhood growth is sitting at 0.00% year over year, and we rank 11 out of 17 Saanich neighbourhoods for growth. That puts us in the below-average tier on the local leaderboard. Not last place, but not a neighbourhood you'd brag about at a dinner party right now either.

Here's how houses and condos are each telling their own story:

Houses: Cooling Off, But Buyers Are Still Paying Up

The average house sale price in North Quadra is $1,023,750, which is down 4.5% from last month. Only 1 house sold, which is down 50% from the month before. Low volume means every single sale swings the numbers hard, so take the month-over-month drop with some context.

Here's the interesting part though. Buyers who did buy paid 102.39% of the list price. That means even in a quieter market, the one buyer who showed up paid above asking. That's not a dead market - that's a selective one.

Average sale price: $1,023,750
Average list price: $999,900
Sale-to-list ratio: 102.39% - buyers paid over asking
Price per square foot: $623
Average days on market: 62 days
Predicted market value: $1,199,125
Estimated monthly rent: $4,749
Rental yield: 4.38%
Growth rank: 11 out of 17 Saanich neighbourhoods
Days-on-market rank: 12 out of 14 - properties are sitting longer than most

We're actually selling faster than Blenkinsop, where homes average 70 days on market versus our 62. Small win, but we'll take it. And our average sold price of $1,023,750 edges out nearby Broadmead's $975,000 average - which might surprise a few people who assume Broadmead always comes out on top.

Condos: A Split Signal Worth Paying Attention To

Condos in North Quadra are sending mixed signals right now, and if you own one, you need to read both sides of this carefully.

The HonestDoor Price for condos jumped 10.01% from the previous period to $621,453. That's a meaningful move upward. But the predicted market value is $565,328, which is actually down compared to the 3-month moving average of $574,475. And recent value change sits at -3.87%, ranking 16 out of 17 Saanich neighbourhoods for growth. That puts our condos near the bottom of the local leaderboard.

Average HonestDoor Price: $621,453 - up 10.01% from last period
Average sale price: $810,000
Average list price: $835,000
Sale-to-list ratio: 97.01% - buyers negotiated below asking
Price per square foot: $738
Average days on market: 13 days
Predicted market value: $565,328
Estimated monthly rent: $2,744
Rental yield: 3.73%
Growth rank: 16 out of 17 Saanich neighbourhoods - bottom tier
Days-on-market rank: 4 out of 11 - condos are moving relatively quickly

The bright spot: condos here are priced above average for Saanich, ranking 4 out of 12 on the price leaderboard. And at 13 days on market, they're moving faster than Broadmead condos at 7 days - actually, Broadmead edges us there. But we're well ahead of the slower end of the market. There were only 4 condo transactions in 2026 so far, so again, low volume is amplifying every number here.

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

Your BC Assessment is a snapshot taken on July 1st of the previous year. By the time it lands in your mailbox, it's already 6 to 18 months old. In a market that's moving - even slowly - that lag costs you real money in decisions.

The HonestDoor Price updates in real time using actual sales data, not a government formula built on last year's numbers. For houses in North Quadra, the average HonestDoor Price of $1,213,511 is already 2.80% higher than the average assessed value of $1,180,454. That's over $33,000 in value that your assessment is simply not capturing.

If you're refinancing, negotiating, or just trying to understand what your biggest asset is actually worth today - the assessment is the wrong number to use. The HonestDoor Price is the real-world check.

The So What: Thinking About Selling This Summer?

Here's the honest take for North Quadra homeowners eyeing a summer sale.

For house sellers: the market is quieter, but it's not broken. One buyer just paid over asking price. The key is pricing sharp from day one - homes sitting 62 days on average means overpriced listings are getting punished. List at the right number and you can still get a strong result. Broadmead is priced higher overall, but our sold prices are actually beating theirs right now. Use that as confidence, not complacency.

For condo sellers: move quickly if you're thinking about it. Condos are still turning over in 13 days, which means motivated buyers are out there. But the growth trend is pointing down, and sitting at 16 out of 17 on the neighbourhood growth leaderboard is a warning sign for where values could head if you wait too long.

For everyone: check your HonestDoor Price before you do anything else. The gap between what the city assessed your home at and what it's actually worth today could change your entire strategy - whether you're selling, staying, or just keeping score.

1,992 properties assessed in North Quadra this year
Average rental estimate: $4,789 per month for houses
Airbnb potential: $238 per night - ranked 12th in Saanich
Broadmead comparison: HD Price $1,604,644, growing at 0.01% - the pricier neighbour
Blenkinsop comparison: HD Price $1,311,743 - slightly more expensive, growth data not available

Bottom line: North Quadra is a stable, established part of Saanich. It's not the fastest-growing pocket right now, but it's holding real value. Know your actual number before you make your next move.

north quadra | saanich | october 2026

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.