New Victoria Presale Condo Projects

Information about Victoria, British Columbia

Surrounded by the Pacific Ocean on three sides and forest to the north and east, the City of Victoria has all of the comfort and quality of life in Vancouver, but with a slower quieter pace of life and significantly lower property prices. The city was named after Queen Victoria and is one of the oldest cities in the Pacific coast and was founded in 1843. It has retained a large number of its historic buildings that are architecturally significant. The two most famous landmarks, Parliament Buildings (finished in 1897 and home of the Legislative Assembly of British Columbia) and the Empress hotel (opened in 1908).

As mentioned above, Victoria is BC’s capital as well as the central city of the Greater Victoria region that incorporates the core communities of the West Shore and the Saanich Peninsula. The core communities share the great climate, amenity and livability of Victoria, but with lower real estate prices. The City of Victoria has a good selection of presale condo developments, but a large number of the new condo developments in the Victoria area are actually located in these core communities.

The West Shore communities of Langford, Esquimalt, & Colwood have seen a huge amount of new condo development due to a pro-development political culture and a large amount of developable land. Langford at present has the largest selection of presale condo developments and which also tend to be less expensive than in other areas of Greater Victoria. Saanich also has quite a few new condo developments for similar reasons. We can help with presales across the Victoria region.

Why is Victoria Good Investment for Presales and New Condos?

From a real estate investment perspective, especially for new condo developments, Victoria is widely seen as a safe bet as it has an extremely stable economy.

This is due in large part to the large and growing government presence compared to Vancouver and the rest of British Columbia. Victoria is British Columbia’s capital city with a large number of stable high paying civil service jobs in the city. The Royal Canadian Navy has its West Coast headquarters and large naval base in the Victoria West Shore suburb of Esquimalt. Victoria is also the location of several high quality universities and other post secondary institutions which offer more stable employment, but are also a draw for high quality tenants. The city and region also has a thriving tech sector that has been generating large numbers of well paying jobs.

The Victoria region has also seen significant population growth creating demand for new housing. The population of the Greater Victoria CMA was 367,770 in 2016 and increased by 8% by 2021 with a population of 397,237 representing an 8% increase according to the 2021 census.

Victoria and Vancouver Island are also popular with retiree’s and others who like the mild climate (warmer, less rain, and more sunshine than Vancouver) compared to the rest of Canada (Alberta in particular) and affordable housing compared to the Vancouver area.

With Victoria’s stability, prosperity, climate, and natural beauty, the development industry has created a wide variety of new home and presale condo options in the Victoria area. Our clients who have purchased in the area have been very happy with the capital appreciation, rental revenue, as well as the joy of living in a new home these options offer.

Dane Kingsbury is Vancouver New Condo’s specialist for new condo developments in Victoria, BC and can help you with purchasing a presale property as well as assisting with the purchase and sale of existing properties. Should you sign up for information on presale developments in Victoria, Dane will be in touch to help.

The City of Victoria Amenities

• Population: 91,867 but serves as the metropolitan core for a region of 397,237
• Capital City of British Columbia
• Incorporated on August 2, 1862
• Over 3 million visitors annually according to Tourism Victoria
• Average of  2,183 hours of sunshine each year
• Average rainfall is 66.5 centimetres per year
• 1,600 signature hanging baskets displayed each summer
• Victoria is known as the City of Gardens with its perfect climate for growing. The city has an annual flower count of over 3.4 billion.
• Victoria’s Chinatown is the oldest in Canada, and Fan Tan Alley is the narrowest street in Canada.
• Victoria is one of the top 15 Friendliest Cities in the world.
• Canada’s Best City to Live in for Women,
• Seventh Best City and Second Best Small City in the world (by international travel and tourism magazine, Condé Nast).
• As the provincial capital, the Parliament buildings have bright lights nightly.
• One of the most bike-friendly cities in Canada. With hundreds of kilometres of cycle paths, including the Galloping Goose Regional Trail.
• Half a million cups of tea are served annually at the Fairmont Empress.
• Local Farming Vancouver Island has over 2,800 farms, with nearly 1,000 in the Greater Victoria Region and 700 in the Cowichan Valley.
• The world’s tallest totem pole is in Victoria’s Beacon Hill Park.
• Vancouver Island as one of the best cold-water diving destinations on earth, recognized by National Geographic and Jacques Cousteau Society.
• In the waters off Victoria, there are three resident pods of orca (killer) whales totaling 76 whales.
• The Art Gallery of Greater Victoria has the most fabulous collection of Asian art in Canada.
• There are over one million annual visitors to Butchart Gardens
• The Royal BC Museum is one of the foremost cultural institutions in the world.
• Read the following article, if you want to learn more about Living in Victoria