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Your Trusted Real Estate Advisor at Engel & Volkers Vancouver Island•Rust Phillips Group www.RustPhillips.com VREB Gold Award 🏆🇨🇦💯
JULY 2025 TOP PRODUCERS ❤️ JULY 2025 TOP PRODUCERS ❤️
NEW TO MARKET! Stunning 3,400 sq.ft. modern reside NEW TO MARKET! Stunning 3,400 sq.ft. modern residence, set on over 7 acres, offering panoramic views of the Gulf Islands, Salish Sea, Mt. Baker, & beyond — the ultimate retreat. Perched high among the treetops & on a single level, the home features a thoughtfully designed open-concept layout with spacious principal rooms & seamless access to large decks that invite you to soak in the scenery. The gourmet kitchen includes a breakfast nook & opens to the living room & dining area, all with incredible views. The primary suite enjoys sweeping views, a walk-in closet & 5-piece ensuite. There are 2 more bedrooms, one with an ensuite and walk-in closet, ideal for family/guests. A cozy den has flexibility as a home office, library, or media room. Outside, the hot tub is ideally positioned for evening stargazing & quiet moments with the view. Additional features include a raised vegetable garden, low-maintenance landscaping, steel roof & a 2-car garage. Located just 5 min from Fulford & 15 min from Ganges. Offered at $2,250,000 MLS# 1008995 www.rustphillips.com @engelvolkersvancouverisland @gregphillipsev #saltspringisland, #westcoast, #bc, #bcliving, #luxurylifestyle, #rancher, #gulfislands
JULY 2025 VREB MARKET STATISTICS… Victoria real JULY 2025 VREB MARKET STATISTICS… Victoria real estate market offers good options over the summer months A total of 680 properties sold in the Victoria Real Estate Board region this July, 4.6 per cent more than the 650 properties sold in July 2024 and 10.6 per cent fewer than in June 2025. Sales of condominiums increased by 5.6 per cent from July 2024 with 225 units sold. Sales of single family homes decreased by 0.3 per cent from July 2024 with 318 sold. “Typically, as the school year wraps up and summer holidays begin, our housing market relaxes somewhat,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “However, we did see a good pace of sales in July, and listing inventory remained at a stable level. This means that those shopping over the summer will have a good selection of homes to consider but it also means there is enough market activity that we could see some properties go into multiple offers.” There were 3,703 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2025, a decrease of 2 per cent compared to the previous month of June and a 10.6 per cent increase from the 3,348 active listings for sale at the end of July 2024. “The conclusion of July also signals the traditionally busy spring market is officially over,” adds Chair VanderWal. “Overall, I think the level of activity over the course of the spring surprised many, who were unsure how the real estate market would be impacted by economic and trade uncertainties. But throughout 2025, we have seen positive indicators of a healthy and stable market, with consistent levels of listing inventory higher than we’ve seen in recent years along with reasonably flat and predictable pricing. Moving into the late summer and then into fall when sales often increase, consumers should enjoy a good selection of properties and the time to make decisions. It’s a great time to connect with your favourite local REALTOR® for expert assistance and up-to-the-minute insights on the market if you are considering a sale or purchase.”
NEW TO MARKET! Lambrick Park 5 Bed/ 2 Bath home si NEW TO MARKET! Lambrick Park 5 Bed/ 2 Bath home situated on a private 8000+ sqft property. This well-maintained home offers space, comfort, and an unbeatable location. The main level features three bedrooms, a spacious living room with a cozy fireplace, an efficient kitchen with a prep island, and a separate dining area with French doors leading to a large deck—perfect for entertaining and overlooking the expansive west facing backyard. The lower level includes two additional bedrooms, a den, a 3-piece bathroom, and laundry conveniently located off the attached garage. There’s also a separate entrance to the backyard, ideal for extended family or suite potential. Enjoy year-round comfort with thermo-pane windows and efficient gas-forced air heating. Tucked away on a quiet no-through street, this home is perfect for families—just a short walk to UVic, University Heights, Tuscany Village, parks, and major bus routes. Offered at $1,195,000 MLS# 1006996 www.rustphillips.com #yyj, #uvic, #studenthousing, #saanich, #saanicheast, #studentliving @gregphillipsev @engelvolkersvancouverisland
NEW TO MARKET! Welcome to this bright 2 bed/ 3 Bat NEW TO MARKET! Welcome to this bright 2 bed/ 3 Bath modern townhome in the vibrant seaside community of Royal Bay. Designed for contemporary living, it features an open-concept layout with 9-foot ceilings and is flooded with natural light. Enjoy a private outdoor patio that backs onto green space with scenic walking trails. The sleek kitchen is complete with an island, breakfast bar, quartz countertops, gas stove, & stainless steel appliances. Upstairs, the spacious primary suite includes a luxurious ensuite with heated floors, a frameless glass shower, and engineered stone countertops. A second bedroom also offers its own private ensuite, ideal for guests or family. Additional highlights include a garage with plenty of storage, high-efficiency gas furnace, & hot water on demand. This family-friendly community offers beautiful trails, parks, & easy access to the nearby retail village. Embrace coastal living with no GST & the peace of mind of the remaining 2-5-10 Home Warranty. Offered at $769,000 MLS# 1007533 www.rustphillips.com #royalbay, #seasideliving, #colwood, #yyj @gregphillipsev @engelvolkersvancouverisland
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JUNE 2025 VREB MARKET STATISTICS.. Victoria real e JUNE 2025 VREB MARKET STATISTICS.. Victoria real estate market kicks off summer with strong fundamentals A total of 761 properties sold in the Victoria Real Estate Board region this June, 15.1 per cent more than the 661 properties sold in June 2024 and 0.4 per cent more than in May 2025. Sales of condominiums increased by 23.3 per cent from June 2024 with 249 units sold. Sales of single family homes increased by 17.5 per cent from June 2024 with 402 sold. “We observed a fairly robust real estate market in the month of June,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Recent market trends suggest that we have finally transitioned from a pandemic-driven market to more conventional patterns. We have experienced consecutive months of a healthy and balanced market that includes listing inventory levels we have not seen in a decade paired with steady sales. Despite economic uncertainties weighing on consumer confidence, Victoria continues to demonstrate resilient market conditions.” There were 3,778 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2025, an increase of 1.7 per cent compared to the previous month of May and an 9.2 per cent increase from the 3,460 active listings for sale at the end of June 2024. “Noteworthy this past month is a large uptick in the number of condos sold,” adds Chair VanderWal. “Earlier in the spring, fewer condos were sold compared to the previous year. It seems that condo buyers were back in the market and very active in June. It will be interesting to see if this continues through the summer and becomes a trend. Regardless of the type of property, it’s a great time to connect with your favourite local REALTOR® for expert assistance and up-to-the-minute insights on the market if you are considering a sale or purchase this summer.”
NEW TO MARKET! Oak Bay ONE LEVEL HOME on a south f NEW TO MARKET! Oak Bay ONE LEVEL HOME on a south facing 16,000+ sqft property. This light-filled rancher has been lovingly maintained and awaits your cosmetic ideas. The spacious living room features leaded glass windows, hardwood floors, and a cozy fireplace, opening to a dining area with sliding doors to a private deck and fenced yard. The bright kitchen with eating area flows into a generous family room with garden views. Recent updates include a main bath reno (2020), new chimney (2015), new dishwasher, 240V electrical panel, and a gas furnace for year-round comfort. The yard features a low-maintenance Garry oak meadow & mature gardens; trees professionally inspected and trimmed (2024). Ideally located near UVic, top schools, Uplands Golf Club, Mount Tolmie, Henderson Rec Centre, Gyro Park, and Cadboro Bay village. A fantastic home for a couple, small family or retirees looking to downsize or a potential property for a new build in a prime oak bay location. Offered at $1,498,000 (assessed at $1,563,000) MLS# 1003753 www.rustphillips.com #oakbaybc, #yyj, #downsizingseniors, #rancherhome, #westcoast @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! Oak Bay ONE LEVEL HOME on a south f NEW TO MARKET! Oak Bay ONE LEVEL HOME on a south facing 16,000+ sqft property. This light-filled rancher has been lovingly maintained and awaits your cosmetic ideas. The spacious living room features leaded glass windows, hardwood floors, and a cozy fireplace, opening to a dining area with sliding doors to a private deck and fenced yard. The bright kitchen with eating area flows into a generous family room with garden views. Recent updates include a main bath reno (2020), new chimney (2015), new dishwasher, 240V electrical panel, and a gas furnace for year-round comfort. The yard features a low-maintenance Garry oak meadow & mature gardens; trees professionally inspected and trimmed (2024). Ideally located near UVic, top schools, Uplands Golf Club, Mount Tolmie, Henderson Rec Centre, Gyro Park, and Cadboro Bay village. A fantastic home for a couple, small family or retirees looking to downsize or a potential property for a new build in a prime oak bay location. Offered at $1,498,000 (assessed at $1,563,000) MLS# 1003753 www.rustphillips.com #oakbaybc, #yyj, #downsizingseniors, #rancherhome, #westcoast, #yyjrealestate, #oakbay @engelvolkersvancouverisland @gregphillipsev
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MAY 2025 VREB MARKET STATISTICS….A stable real e MAY 2025 VREB MARKET STATISTICS….A stable real estate market trend continues in Victoria, BC A total of 758 properties sold in the Victoria Real Estate Board region this May, 0.7 per cent fewer than the 763 properties sold in May 2024 but 18.1 per cent more than in April 2025. Sales of condominiums decreased by 6 per cent from May 2024 with 221 units sold. Sales of single family homes increased by 0.5 per cent from May 2024 with 401 sold. “Victoria’s real estate market in the month of May was positive for consumers on both sides of the transaction,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Ample inventory coming to market outpaced brisk sales, which provided a consistent amount of choice and eased competition on high-demand properties. More balanced market conditions were supported by stability both in prices and in interest rates. The May market was resilient, and that steady pace is a little boring to report on but has been much more comfortable for buyers and sellers to navigate than markets we’ve seen in past years.” There were 3,716 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2025, an increase of 8.5 per cent compared to the previous month of April and an 11.3 per cent increase from the 3,338 active listings for sale at the end of May 2024. “The past month we saw the highest total sales that we’ve seen since May 2024, which was the peak month last year,” adds Chair VanderWal. “We’ve also tracked the highest number of new listings incoming since May 2008, which helped to keep the market balanced. It is important to remember that our housing market is made up of many micro markets, and if you are shopping for a downtown condo your experience and strategy is going to be much different than someone who is shopping for a suburban detached home. Enlisting the help of a local REALTOR® will help ensure that one of the biggest financial transactions you’ll make in your lifetime is a great success.”
NEW TO MARKET! This Arts and Crafts home blends en NEW TO MARKET! This Arts and Crafts home blends enduring craftsmanship with updates that provide ease of living and peace of mind. Sitting at the rise of the street, on a corner lot to the adjacent treed right-of-way, the house enjoys benefits from trees, greenery, and low-maintenance gardens. New plumbing, electrical, heating, roof, gas fireplace, rebuilt chimneys, and on-demand hot water deliver top-end quality and reliability and make livina elegant, easy and trouble-free. Anderson Hill Park and oceanside walks are out the front door just paces to the left, and Windsor Park just steps to the right. In South Oak Bay, on Island Road next to the secret-garden-like green space, the location oners that sougnt arter country-lane feel. Inougncully restored examples or quality cransmanship that are easy to care for, live in, ano in the perfect location are rare. Offered at $2,495,000 MLS# 997385 www.rustphillips.com #luxurylifestyle, #oakbay, #luxuryrealestate, #oakbayliving, #vancouverislandbc, #yyj, @engelvolkersvancouverisland @gregphillipsev
PRICE IMPROVEMENT! 1030 St. Charles Street. Landma PRICE IMPROVEMENT! 1030 St. Charles Street. Landmark 7 Bedroom gated family home in the heart of prestigious Rockland. This majestic property situated on over half an acre is the perfect home for a larger/ multi generational family or a developer who wants to explore converting this grand home to a house plex with potential for adding other future development (inquire w LS). Features 3 kitchens including a lower-level 2 bedroom walk out in-law suite, detached studio, double detached garage, private gated property & expansive estate gardens. A true masterpiece, offering grand living in an exceptional location. Impeccably maintained and has many updates. Offered at $3,245,000 MLS #997837 www.rustphillips.com @engelvolkersvancouverisland @gregphillipsev #rockland, #yyj, #landmarkhomes, #multigenerationalliving, #luxurylife, #luxuryrealestate
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NEW TO MARKET! This Arts and Crafts home blends en NEW TO MARKET! This Arts and Crafts home blends enduring craftsmanship with updates that provide ease of living and peace of mind. Sitting at the rise of the street, on a corner lot to the adjacent treed right-of-way, the house enjoys benefits from trees, greenery, and low-maintenance gardens. New plumbing, electrical, heating, roof, gas fireplace, rebuilt chimneys, and on-demand hot water deliver top-end quality and rellability and make living elecant, easy and trouble tree. Anderson hill Park and oceanside walks are out the tront door just paces to the left, and Windsor Park just steps to the right. In South Oak Bay, on Island Road next to the secret-garden-like green space, the location offers that sought-after country-lane feel. Thoughtfully restored examples of quality craftsmanship that are easy to care for, live in, and in the perfect location are rare. Offered at $2,385,000 MLS# www.rustphillips.com #oakbay, #oakbayliving, #yyj, #luxuryhouse, #artsandcrafts, #yyjrealestate, #westcoastbestcoast @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! South Oak Bay home located just a s NEW TO MARKET! South Oak Bay home located just a short walk to the heart of the Village and all of the shops, restaurants and amenities. This 2009 built home boasts an open floor plan with hardwood floors, vaulted ceilings, a bright fully renovated kitchen with island, stainless appliances, quartz counter tops and Thomas Birch Cabinetry all open to the dining area with French doors leading to the west facing back garden and patio. One the main the primary bedroom has a 5 piece ensuite, laundry and a multi purpose family room home office or potential for additional accommodation. The upper floor has 3 more bedrooms one with a patio overlooking the rear yard and 2 more bathrooms. There is also a detached double car garage with attic storage, and a lovely patio area overlooking the sun filled fully fenced garden. Close to Windsor Park, Willows Beach, all levels of private and public schools and the Oak Bay Marina. Offered at $2,235,000 MLS# 1004494 www.rustphillips.com #oakbay, #oakbaylife, #yyj, #westcoastbestcoast, #luxurylistings, #luxurylifestyle, #oakbayliving, #vancouverislandbc @engelvolkersvancouverisland @gregphillipsev colisted with Brad Hall PREC* Remax Camosun
APRIL 2025 VREB MARKET STATISTICS.. Victoria real APRIL 2025 VREB MARKET STATISTICS.. Victoria real estate activity tempered by political and economic uncertainty A total of 642 properties sold in the Victoria Real Estate Board region this April, 5.3 per cent fewer than the 678 properties sold in April 2024 but 4.7 per cent more than in March 2025. Sales of condominiums decreased by 10.1 per cent from April 2024 with 187 units sold. Sales of single family homes decreased by 0.6 per cent from April 2024 with 335 sold. “While sales were up from March, activity in April was most likely impacted by events in play well beyond our immediate real estate market,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Political uncertainty associated with the federal election, combined with broader economic concerns stemming from the United States tempered our spring market growth. And yet like last month, despite these external factors, the Victoria market demonstrated continued stability, as evidenced by flat price growth and steady inventory levels.” There were 3,425 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2025, an increase of 13.3 per cent compared to the previous month of March and a 13.5 per cent increase from the 3,017 active listings for sale at the end of April 2024. “The good news is we remain in that sweet spot of inventory, which we currently find is between 3,000 and 4,000 listings,” adds Chair VanderWal. “This amount of inventory ensures that overall demand can be met and pressure on pricing is lessened. It also means consumers have more time to compare options, make plans, and evaluate their decisions. That said, activity is not the same across all areas or property types. Currently, single family homes in certain price ranges are in demand and may see multiple offers, while there is a larger supply of condos waiting for buyers. Since the Greater Victoria market is made of many sub-markets, it is important to connect with your favourite local REALTOR® to discuss a strategy for your property type.
NEW TO MARKET! South Oak Bay 4 Bed/ 4 Bath home lo NEW TO MARKET! South Oak Bay 4 Bed/ 4 Bath home located just a short walk to the heart of the Village and all of the shops, restaurants and amenities. This 2009 built home boasts an open floor plan with hardwood floors, vaulted ceilings, a bright fully renovated kitchen with island, stainles appliances, quartz counter tops and Thomas Birch Cabinetry all open to the dining area with French doors leading to the west facing back garden and patio. The main floor also has the primary bedroom with 5 piece ensuite, laundry and a multi purpose family room, home office or potential for additional accommodation. The upper floor has 3 more bedrooms one with a patio overlooking the rear yard and 2 more bathrooms. There is also a detached double car garage with attic storage, plenty of parking and a lovely patio area overlooking the sun filled fully fenced garden. Close to Windsor Park, Willows Beach, all levels of private and public schools and the Oak Bay Marina. Offered at $2,235,000 MLS # 1004494 www.rustphillips.com #oakbayliving, #westcoastbestcoast, #yyj, #luxurylifestyle, #victoriabccanada, #oakbay @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! Custom-Built Modern Home in a Prime NEW TO MARKET! Custom-Built Modern Home in a Prime Fairfield Location. This exceptional 4 bed/5 bath modern masterpiece by Peter Dehoog & @insteelcustomhomes sits on one of the city’s most coveted tree-lined seaside streets. With over 4,000 sqft of light-filled, impeccably finished space, the open-concept layout features soaring 10’ ceilings and a great room perfect for entertaining. The gourmet kitchen is a dream and boasts SubZero & Miele appliances, while heated polished concrete floors add comfort and style. Pella windows frame serene views and a glass elevator connects all levels—including a show stopping rooftop patio with 360° views of the ocean, mountains and neighbourhood. Additional highlights include a gas fireplace, low-maintenance yard, detached garage and a fully self-contained 2-bedroom suite for guests, caregivers, investors or rental income. This home blends cutting-edge design and everyday livability in a truly unbeatable location. Offered at $2,998,000 MLS #994010 www.rustphillips.com #modernhome, #modernhomedesign, #yyj, #custombuilthome, #elevator, #luxurylifestyle, #luxuryrealestate, #ageinplace, #victoriabccanada🇨🇦 @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! Custom-Built water view home in a P NEW TO MARKET! Custom-Built water view home in a Prime Fairfield location. This exceptional 4 bed/5 bath modern masterpiece by Peter Dehoog sits on one of the city’s most coveted tree-lined streets close to the beach. The open-concept layout features soaring 10’ ceilings, hardwood & polished concrete floors, gourmet kitchen with Sub Zero & Miele appliances. Pella windows frame serene views and a glass elevator connects all levels-including a show stopping rooftop patio with 360° views of the ocean, mountains and neighbourhood. Additional highlights include a low-maintenance yard, detached garage, fully self-contained 2-bedroom suite for guests, caretakers or rental income. This home blends cutting-edge design and everyday livability in a truly unbeatable location. Offered at $2,998,000 MLS# 994010 www.rustphillips.com #luxuryrealestate, #yyj, #modernhomes, #fairfield, #westcoastbestcoast, #westcoastliving, #luxurylifestyle, #ageinplace @engelvolkersvancouverisland @gregphillipsev
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Engel & Voelkers Vancouver Island

2249 Oak Bay Avenue
Victoria, BC V8R 1G4

Julie: 250-888-1570
julie@julierust.ca

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Greg: 250-516-6013
greg@gregphillips.ca

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