OUR VIEW: Values reinforce the status quo

North Saanich has the second-highest average house prices in Greater Victoria for 2015.

Thanks to a big, one-year jump in property value assessments in one place and a small decline in another, North Saanich continues to have the second-highest average house prices in Greater Victoria for 2015.

Oak Bay took over the top spot with an average assessment of $686,000, compared with $667,000 in 2014. In the School District 63 (Saanich) territory, assessments actually dropped $4,000 to $679,000, placing it third on the list.

At an average price of $681,000, North Saanich maintains its average property values from last year into the new one.

Sidney sits at 12th at $432,000 (slightly up from last year) and Central Saanich is seventh at $502,000 (unchanged).

These are averages from B.C. Assessment, of course. Individual property values may vary.

Being able to afford one of those properties on the Saanich Peninsula will also vary. As does the ability of someone working in the community to afford a home.

Faced with the reality of house prices on the Saanich Peninsula, 2015 will see a variety of people and groups exploring affordability. It’s one of the issues that has been talked about for years and the real question we must ask as we start this new year is: will there be any tangible solutions?

The previous North Saanich council had a go at the issue and changed its policies and regulations to allow for more small lot homes While considerably less than the average price, these new North Saanich homes still fall between the going prices of Sidney and Central Saanich. Additional units planned in Sidney vary in price point but hover around that 2015 average.

Both the area’s MLA and MP have been looking into attainable housing and plan more meetings in 2015. Local municipal councils have it on their strategic plans as well.

These latest numbers on property values seem to only reinforce the status quo, showing little headway has been made.

Opening new doors will be one of the toughest jobs this year and our guess is most people will be left waiting.

Just Posted

Transplant caregiver starts website for financial, mental health support

Beth Campbell-Duke started Transplant Rouges after her husband’s double lung transplant

Saanich swimmer has ribs removed, posts them on social media

Jill Yoneda makes light of rare surgery for ‘slipping rib syndrome’

Victoria ranked as one of B.C.’s worst cities to work in

High living costs and low average incomes drop Victoria from the top 10

Panthers set to close out home schedule before Christmas break

Following a 5-2 loss to Nanaimo, the club will take on Kerry Park Islanders this week

Cyclist without helmet thrown onto windshield in Victoria

Despite damage to bike, cyclist uninjured following accident

Lawyer for Chinese exec detained by Canada says it’s ‘inconceivable’ she would flee

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Federal government plans examination of coerced sterilization

The Liberals have been pressed for a rapid response to recent reports on the sterilizations

Huitema, Cornelius named 2018 Canadian Youth International Players of the Year

Huitema was captain of Canada’s fourth-place team at this year’s FIFA U-17 Women’s World Cup

Canada not slowing emissions from oil and gas: environmental groups

New report released at the United Nations climate talks in Poland

Liberal Party moves Trudeau fundraiser from military base

The fundraiser is scheduled for Dec. 19, with tickets costing up to $400

Pipeline protesters arrested at B.C. university

Three protesters were arrested after TRU property allegedly vandalized with red paint

Goodale to ‘examine’ transfer of Rafferty to medium-security prison

Michael Rafferty was sentenced to life in prison in 2012 in the kidnapping, sexual assault and first-degree murder of Tori Stafford

‘Abhorrent’ condition of autistic B.C. boy shows flaws in care system: report

‘Charlie’ was underweight and ‘covered in feces’ when he was removed from his mom’s care

Minister appoints former CIRB chair to resolve Canada Post labour dispute

Postal workers engaged in weeks of rotating walkouts

Most Read