Victoria, known as the “Garden City,” due to its mild climate and offers a unique blend of historic charm and modern urban development. New developments in Victoria BC are popular due to good price appreciation and rental return. This mix of climate, lifestyle, and good investment returns have made Victoria and its suburbs a compelling option for new home buyers.
Yes, the City of Victoria has specific zoning bylaws, building codes, and development guidelines. It’s crucial to consult with the city’s planning department or Victoria Strata Sales for detailed information on any Victoria new development home you are thinking of buying.
This site has all the new condo developments Victoria BC has to offer above updated weekly. We also have pricing, floor plans, and information on incentives for new condos in Victoria and across the Capital Region. To get the latest info on new homes, we have an exclusive VIP email list for presale condos in Victoria that we send new projects to on a weekly basis. Join our new condo email list.
Victoria offers a diverse range of new developments, including condos, townhouses, single-family homes, and mixed-use buildings. Above you will find presale condos and townhouses in Victoria primarily.
Developers often offer promotional incentives for early buyers. As well, developers will often offer incentives on presales that they need sold or are left over after an initial sales push.
Pre-sales allow buyers to purchase a property before its completion. An upfront deposit is typically required, with the balance due upon completion.
Investigate the developer’s reputation, past projects, and reviews. We can also advise on the developers to avoid in the Victoria presale market.
Depending on the developer and construction phase, buyers might have options to select finishes, layouts, or upgrades for their new construction home in Victoria.
In BC, new homes come with a 2-5-10 year BC new home warranty, covering different aspects of the home over varying durations.
With new developments, especially pre-sales, you might be buying based on plans or show homes. There can be longer wait times before move-in, and potential additional costs for customizations.
New properties might be subject to GST. There could also be additional costs for upgrades, parking, or storage units.
A presale condo is a unit that is purchased before the construction or completion of the new home development. To learn more about this in detail, please have a look at our page on what is a presale condo.
Victoria offers various transportation options, including major freeways, public transit (buses), cycling paths, and ferries. The city is also pedestrian-friendly, especially in the downtown core.
The 7 day rescission period gives presale condo buyers in Greater Victoria and across BC the right to kill a deal for up to seven days after an accepted offer. For more details on this important right when buying a presale, check out our page on the 7 day rescission period.
In late 2022, the BC government removed most rental restrictions on properties across the province. That said, there are still regulations, bylaws, and strata rules on how a new condo owner can rent out their property. Rental policies can differ between developments and each of the cities and municipalities in the Capital Region have their own policies on rentals. Review the strata bylaws or developer guidelines as well as local laws to what is and is not permitted in terms of rentals.
Yes. Downtown Victoria like other urban centres across Canada has seen a rise in homelessness and those with mental health and addiction issues. That said, the area is still a very safe and walkable area with lots of new presale condo and other housing options.
The neighborhoods within the city limits of Victoria, British Columbia, are: Burnside, Downtown, Fairfield, Fernwood, Harris Green, Hillside-Quadra, James Bay, North Park, Oaklands, Rockland, Jubilee, and Victoria West (often referred to as Vic West). We cover all of these neighbourhoods for your new construction property search. Please get in touch to find out how we can help.
