Saanich Core, Saanich - September 2026 Real Estate Report

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

If you have been glancing at your property tax notice and wondering if the numbers add up, here is the straight answer: they do not. The city's assessment is a snapshot from the past. The real market has moved on without it.

The Vibe: What Is Actually Happening in Our Neighbourhood

Saanich Core is a tale of two property types right now, and where you sit depends entirely on what you own. Let us break it down.

Houses: High Value, Slow Burn

If you own a house here, the good news is your home is worth serious money. The HonestDoor Price for houses sits at $1,225,941 - up 1.44% recently and climbing past the 3-month moving average of $1,208,855. That upward trend matters.

The honest part? Houses here are taking their time to sell. We are sitting at an average of 116 days on market, which ranks 15 out of 16 neighbourhoods in Saanich for speed. Buyers are not rushing. The one house that sold this period went for $770,000 at 99.35% of list price - meaning the seller left a little on the table. Listings are averaging $775,000 right now, and price per square foot is around $859.

Here is the stat worth framing on your wall though: house growth in Saanich Core ranks 1 out of 17 neighbourhoods in Saanich. Dead last in speed, first in growth. That is a long-game neighbourhood if we have ever seen one.

• HonestDoor Price (Houses): $1,225,941
• 3-Month Moving Average: $1,208,855
• Recent Value Change: up 1.44%
• Average Days on Market: 116
• Price Per Square Foot: $859
• Estimated Monthly Rent: $4,747
• Rental Yield: 4.66%
• Growth Rank in Saanich: 1 out of 17 - top of the leaderboard

Condos: Steady, Fast, and Quietly Competitive

Condo owners, your market looks different - and honestly, pretty healthy. The HonestDoor Price for condos is $554,092, up from the 3-month moving average of $550,566. The one condo that sold this period went for exactly list price at $609,800. No discounts. No drama. That is a balanced market doing its thing.

We are also selling condos faster than our neighbours. Average days on market here is 22 days, beating nearby Hillside Quadra at 29 days. That kind of demand is quiet but real. Growth ranks 6 out of 17 in Saanich - above average, no complaints.

• HonestDoor Price (Condos): $554,092
• 3-Month Moving Average: $550,566
• Recent Value Change: up 1.39%
• Average Days on Market: 22
• Price Per Square Foot: $703
• Estimated Monthly Rent: $2,742
• Rental Yield: 3.75%
• Growth Rank in Saanich: 6 out of 17 - above average

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is something worth paying attention to. The city assessed the average house in Saanich Core at $921,850. The HonestDoor Price says $1,240,683. That is a gap of 34.59% - and that gap is money sitting on the table that your tax notice will never show you.

For condos, the city assessed the average unit at $508,966. HonestDoor puts it at $554,650 - about 8.98% higher. Smaller gap, but still real money.

Government assessments are calculated once a year using data that is already months old by the time it reaches your mailbox. The HonestDoor Price pulls from current sales activity and adjusts in real time. It is not a guess - it is a real-world check against a number that was never designed to tell you what your home is worth today. If you are making any financial decision based on your assessed value alone, you are working with the wrong number.

The So What: Should You Sell in Saanich Core This Summer?

If you own a house, the honest answer is: be patient and be strategic. Values are growing faster here than almost anywhere else in Saanich - that number 1 growth rank is not nothing. But buyers are taking their time, and 116 days on market means you need to price it right from day one. A house that sits gets stale fast. Come in sharp, not hopeful.

If you own a condo, summer looks more promising for a quicker exit. Twenty-two days on market, full list-price sales, and above-average growth all point to a market where motivated buyers are still showing up. You are not in a frenzy, but you are not waiting around either.

Either way, the first step is knowing your real number - not the city's number. Check your HonestDoor Price before you call an agent, before you renovate, and definitely before you set a list price. That 34.59% gap between assessment and market value for houses is exactly why neighbours who do their homework walk away with more money than those who do not.

Saanich Core is not the flashiest neighbourhood on the Saanich leaderboard, but it is quietly building value. Sometimes that is exactly where you want to be.

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.