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

False missile alert for Central Saanich councillor

While on vacation in Hawaii, Central Saanich Councillor Alicia Holman was awoken… Continue reading

Central Saanich police chase down speeding biker

A motorcyclist from the Lower Mainland was caught on the Tsawout reserve… Continue reading

Victoria airport nearing billion-dollar mark in economic impact

Airport has nearly doubled its passengers and its impact on the economy since 2005

More buoys allowed for Brentwood Bay

Proposed number rises from 40 to 60

Victoria airport reaches nearly two million passengers in 2017

This year expected to see additional growth

Sidney’s Salish Sea aquarium to close for maintenance

First extended closure for the Shaw Centre for the Salish Sea since it opened in 2009

Butchart Gardens is hiring now and paying more

Wages start at $15, job fair Feb. 20

Cash still needed for Stelly’s Cross Path

MLA Olsen wants more specifics first

Injured parachutist wants stolen backpack back

Bag contained important video files of 2017 parachuting incident

Winter storm coming to B.C. this weekend

The bets are on as to how much snow the province will actually get in the coming days

B.C. civil rights group files complaint about RCMP arrest of man who later died

Dale Culver, a 35-year-old Indigenous man was arrested in Prince George last July

Lawyer says former B.C. government aide ‘barely guilty’ in ethnic vote scandal

Brian Bonney pleaded guilty to a breach of trust charge

Quite a few tears as homemade quilts distributed to residents of Ashcroft Reserve, Boston Flats affected by last summer’s fire

Quilters in B.C. and Alberta worked through the summer and fall to create more than 100 quilts.

B.C. coast loggers celebrate history, hope for improvement

Truck Loggers Association awaits B.C. NDP government’s new direction

Most Read