Peninsula Real Estate Market
Farmland, a ferry terminal and an airport, held apart on purpose.Peninsula real estate market values are shaped by a decision made decades ago to keep this land in agriculture rather than let the city grow up it.
Peninsula Real Estate Market Overview
The Saanich Peninsula runs north from Greater Victoria to Swartz Bay, and it holds three municipalities. Central Saanich in the middle, North Saanich at the top and the town of Sidney on the east coast, surrounded by North Saanich on three sides.
A great deal of this land sits in the Agricultural Land Reserve and cannot be built on. That is why the Peninsula still looks rural despite being twenty minutes from a legislature, an airport and a ferry terminal that connects to the mainland.
The Land Reserve caps supply here more firmly than any council could. Demand for the Peninsula has grown steadily and the amount of buildable land has not. That imbalance explains a good deal of what these figures do.
Subscribe to the Market Update
There is a Subscribe to the Market Update button on each graph below. Tap it, pick an interval, and it handles itself from there. Use Save Snapshot to start.
Peninsula: 30 Day Market Movement
(AUG 27, 2026 - SEP 26, 2026)
Peninsula: 30 Day Market Movement
How To Read the 30 Day Numbers
- What it shows. The past month's completed sales, what each achieved and the days it spent listed.
- Why it matters. Three municipalities generate reasonable volume between them. The gap the month leaves open is composition, because a run of Sidney apartments and a pair of North Saanich acreages produce the same headline and mean opposite things.
- Ask yourself. Is the Peninsula trading at its usual pace?
Peninsula is made up of the areas below and they do not price alike. Each keeps its own report.
Peninsula Market Trends: 12 Months to Date
How To Read the 12 Month Trend
- What it shows. A rolling year of prices, turnover and time on market.
- Why it matters. The year gathers enough from all three municipalities to show direction. It also tracks whether the Peninsula is pulling away from the rest of the region, which it has tended to do.
- Ask yourself. Is the Peninsula gaining on the wider region?
Peninsula MLS® Activity Feed
How To Read the MLS® Activity Feed
- What it shows. Live entries for sold, on market and under contract.
- Why it matters. The Peninsula runs from walkable town housing to working farmland. Only the listings tell you which end of that a figure came from.
- Ask yourself. What sold, and was it town or acreage?
Questions About These Numbers
Yes. Use the button on any graph and it will arrive as often as you like.
Central Saanich, North Saanich and Sidney. It does not include the District of Saanich, which is a separate municipality closer to Victoria.
A provincial designation that restricts building and subdivision on farmland. A large share of the Peninsula falls within it, which is why it has stayed rural.
Twenty five to forty minutes depending where you are, which puts the whole Peninsula within commuting distance of the city.
A figure covering three municipalities and both town lots and farmland will not reach yours. Comparable sales nearby and your zoning are what decide it. I don't guess your home's value. I prove it using actual market value and real market movement so you can protect your equity and move forward with confidence.
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Ways To Search the Peninsula
Buyers here want acreage, a walkable town, or somewhere near the water with more space than the city allows.
Use the acreage and price filters below, then the municipal reports above to narrow down which part of the Peninsula fits.