Saanich Core, Saanich - October 2026 Real Estate Report

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

Saanich Core Real Talk: Your Home Is Worth More Than the City Thinks

If you own property in Saanich Core and you're still going off your BC Assessment notice, you're leaving a serious amount of money on the table. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in Saanich Core

Houses - Strong Prices, But Patience Required

If you've been watching the "For Sale" signs around Saanich Core, here's the honest picture. Houses are selling at an average of $882,000, which is up 14.5% from last month. That's a real jump. But before you get too excited, the average days on market sits at 97 days - longer than nearby Burnside at 82 days. This market isn't flying off the shelves. It's moving, but on its own timeline.

The predicted market value for houses here is $1,240,683, which is trending up from the 3-month moving average of $1,225,036. That upward direction matters. Buyers are paying about 92.94% of list price on average, so there's still room to negotiate if you're on the buying side.

Average sale price: $882,000 (up 14.5% from last month)
Average list price: $949,000
Price per square foot: $865
Average days on market: 97 days
Sale-to-list ratio: 92.94% - buyers are paying below ask
Predicted market value: $1,240,683
Rental yield: 4.63%
Estimated monthly rent: $4,785

On the neighbourhood leaderboard, Saanich Core houses rank 5 out of 17 for growth in Saanich - that puts us in above-average territory. The flip side? Days-on-market ranks 14 out of 14, meaning we're the slowest-selling in the comparison group. Price ranks 17 out of 17, which actually means houses here are among the most affordable in Saanich. That's a combination worth paying attention to if you're a buyer.

Condos - Fast Movers, Sellers Have the Edge

The condo story in Saanich Core is a different one. We're seeing condos sell at 101.38% of list price - meaning buyers are paying over asking. That's a sellers' market signal, plain and simple. The average sale price is $375,000 with listings sitting at $369,900, and properties are moving in just 11 days on average. That's quick.

The predicted market value for condos comes in at $554,650, up from the 3-month moving average of $551,740. Slow and steady growth, but growth nonetheless.

Average sale price: $375,000
Average list price: $369,900
Price per square foot: $512
Average days on market: 11 days
Sale-to-list ratio: 101.38% - buyers are paying over ask
Predicted market value: $554,650
Rental yield: 3.75%
Estimated monthly rent: $2,742

On the neighbourhood leaderboard, condo growth ranks 13 out of 17 in Saanich - below average for growth. But days-on-market ranks 3 out of 11, meaning condos here sell faster than most. If you own a condo and want to move it, the demand is there.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's the number that should make every Saanich Core homeowner sit up straight. The city's average assessed value for houses here is $921,850. The average HonestDoor Price is $1,249,368. That's a gap of 35.53% - and it's not a rounding error.

Your BC Assessment is a snapshot from July 1st of the previous year. It doesn't know what sold on your street last month. It doesn't factor in your renovated kitchen or the new park two blocks over. The HonestDoor Price pulls from real-time sales data and updates continuously. It's the difference between what the government thinks your home is worth and what a buyer would actually write a cheque for today.

For condos, the gap is smaller but still real - average assessed value of $508,966 versus a HonestDoor Price of $565,142, sitting 11.04% higher. And that HonestDoor Price has moved up 1.89% from the previous period, which tells us momentum is building.

House assessed value: $921,850 - HonestDoor Price: $1,249,368 (35.53% higher)
House HonestDoor Price change: up 0.70% from last period
Condo assessed value: $508,966 - HonestDoor Price: $565,142 (11.04% higher)
Condo HonestDoor Price change: up 1.89% from last period

Bottom line - if you're making any financial decision based on your assessment notice alone, you're working with old information. Check your HonestDoor Price first.

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

If you own a house in Saanich Core and you're thinking about listing this summer, here's the real talk. Prices are moving up and your HonestDoor Price is well above what the city assessed you at. The market isn't sprinting, but it's not stalling either - it's taking a breather. With 97 days average on market, you need to price smart from day one. Overpricing will cost you time, and time costs you money.

Compared to neighbours, Burnside and Hillside Quadra are both priced lower than Saanich Core on the HonestDoor scale for houses. That means buyers looking at this pocket are choosing it for a reason. Lean into that.

If you own a condo, the setup is even more straightforward. Eleven days on market and buyers paying over list price - that's about as clean a selling window as you'll find. The growth rank of 13 out of 17 means you're not in the hottest growth pocket in Saanich, but the speed of sales tells you demand is real right now.

Either way, the first move is the same - pull your HonestDoor Price, compare it to your assessment, and understand the actual gap before you have a single conversation with an agent. That number is your starting point, not the city's.

Airbnb potential: $238 per night for houses, $138 per night for condos
Saanich Core Airbnb rank in Saanich: 7 for houses - a strong short-term rental position
197 properties assessed this year - this is an active, tracked neighbourhood
Neighbourhood growth for houses: ranked 5 out of 17 in Saanich - above average

Saanich Core is not the flashiest name on the Saanich leaderboard right now, but the fundamentals are solid. Know your real number. Make your move from there.

saanich core | 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.