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Your Trusted Real Estate Advisor at Engel & Volkers Vancouver Island•Rust Phillips Group www.RustPhillips.com VREB Gold Award 🏆🇨🇦💯
NEW TO MARKET! This picturesque home sits on a wel NEW TO MARKET! This picturesque home sits on a well maintained, mature lot on one of South Oak Bay’s most coveted streets. Rich in character, it features a large entry hall with decorative fireplace, wainscotting, stained glass windows, gorgeous oak floors, coffered ceilings, French doors and generously sized principal rooms. The inviting living room with gas fireplace flows into a separate formal dining room and cozy sunroom. The bright eat in kitchen with ss appliances and gas stove, 3 bedrooms, 1½ bathrooms, complete the main level. Upstairs, a bonus room offers a loft style bedroom or flexible space for studio, or home office with attic access. The lower level includes an additional bedroom, bathroom, laundry, and ample storage or hobby space with potential for further enhancements. A timeless home in a premiere location close to Oak Bay Marina, Oak Bay Village Shops, local public and private schools, Willows Beach and Windsor Park. Offered $1,895,000 MLS # 1025095 www.rustphillips.com #oakbayliving, #oakbaybc, #у), #luxuryrealestate, #westcoast @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! This picturesque home sits on a wel NEW TO MARKET! This picturesque home sits on a well maintained, mature lot on one of South Oak Bay’s most coveted streets. Rich in character, it features a large entry hall with decorative fireplace, wainscotting, stained glass windows, gorgeous oak floors, coffered ceilings, French doors and generously sized principal rooms. The inviting living room with gas fireplace flows into a separate formal dining room and cozy sunroom. The bright eat in kitchen with ss appliances and gas stove, 3 bedrooms, 1½ bathrooms, complete the main level. Upstairs, a bonus room offers a loft style bedroom or flexible space for studio, or home office with attic access. The lower level includes an additional bedroom, bathroom, laundry, and ample storage or hobby space with potential for further enhancements. A timeless home in a premiere location close to Oak Bay Marina, Oak Bay Village Shops, local public and private schools, Willows Beach and Windsor Park. Offered $1,895,000 MLS # 1025095 www.rustphillips.com #oakbayliving, #oakbaybc, #yyj, #luxuryrealestate, #westcoast @gregphillipsev @engelvolkersvancouverisland
FEBRUARY 2026 VREB MARKET STATISTICS…. A total o FEBRUARY 2026 VREB MARKET STATISTICS…. A total of 465 properties sold in the Victoria Real Estate Board region this February, 11.9 per cent fewer than the 528 properties sold in February 2025 and 37.2 per cent more than in January 2026. Sales of condominiums decreased by 19.8 per cent from February 2025 with 154 units sold. Sales of single family homes decreased by 12 per cent from February 2025 with 206 sold. “February’s sales definitely picked up the pace compared with sales from the previous month,” said Victoria Real Estate Board Chair Fergus Kyne. “Though our sales numbers are lower than they were in 2025, with an over 35 per cent increase month over month, and a very healthy amount of inventory currently available, it will be interesting to see how our spring market unfolds in the upcoming months.” There were 2,903 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2026, an increase of 10.6 per cent compared to the previous month of January and a 10.4 per cent increase from the 2,630 active listings for sale at the end of February 2025. “Last month we reported how the market rested on the threshold between balanced and a buyer’s market,” notes Chair Kyne. “Over the course of February, more activity led to increased sales which has helped to balance market conditions. When the market is in balance, it means excellent opportunities exist for buyers and sellers. If you’ve been waiting for the spring to start your home sale or search, now is a great time to connect with a local Victoria REALTOR® to start planning.”
NEW TO MARKET! Modern comfort meets timeless chara NEW TO MARKET! Modern comfort meets timeless character within this home. Substantially renovated in 2007 by Zebra Design, this beautifully updated 5 bed/3 bath home blends classic heritage architecture with the amenities today’s sophisticated buyer expects. Features include lead glass built-ins, 2 fireplaces, hardwood floors, coffered ceilings, wainscotting, built-in window seats and skylights. Located in one of South Oak Bay’s most desirable neighbourhoods, it offers a warm, enticing atmosphere and a classic traditional floor plan with a finished walk-out 1 bed/1 bath basement suite-ideal for family living or guests. The private, quiet south facing backyard features a generous sized deck off the kitchen and additional deck with pergola, perfect for entertaining, as well as mature gardens, and a separate studio with lane access. A rare opportunity to own a thoughtfully updated character home in a premier location. Offered at $2,250,000 MLS #1025896 2231 Windsor Road www.rustphillips.com #oakbayliving, #yyj, #luxurylifestyle, #westcoastbestcoast, #oakbaybc, #luxuryrealestate
NEW TO MARKET! Modern comfort meets timeless chara NEW TO MARKET! Modern comfort meets timeless character within this home. Substantially renovated in 2007 by Zebra Design, this beautifully updated 5 bed/ 3 bath home blends classic heritage architecture with the amenities today’s sophisticated buyer expects. Features include lead glass built-ins, 2 fireplaces, hardwood floors, coffered ceilings, wainscotting, built-in window seats and skylights. Located in one of South Oak Bay’s most desirable neighbourhoods, it offers a warm, enticing atmosphere and a classic traditional floor plan with a finished walk-out 1 bed/1 bath basement suite-ideal for family living or guests. The private, quiet south facing backyard features a generous sized deck off the kitchen and additional deck with pergola, perfect for entertaining, as well as mature gardens, and a separate studio with lane access. A rare opportunity to own a thoughtfully updated character home in a premier location. Offered at $2,250,000 MLS# 1025896 www.rustphillips.com #oakbay, #yyj, #oakbayliving, #vancouverisland, #westcoastliving, #engelvölkers, @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! Sitting at the rise of the street o NEW TO MARKET! Sitting at the rise of the street on the corner of a treed right-of-way, this Arts-and-Crafts home blends quality craftsmanship with practical updates. New plumbing, electrical, heating, roof, gas fireplace, rebuilt chimneys, and on-demand hot water deliver piece of mind and ease of living, as do the surrounding greenery and low-maintenance gardens. Renovations that have preserved original build quality and time-tested floor plan leverage morning, afternoon, and evening sunlight and original stained- and leaded-glass windows to offer rooms, spaces and special nooks to suit changing mood and needs. It’s a thoughtfully restored, easy to live in and care for grand home that fosters togetherness when desired yet supports privacy when needed. On a quiet South Oak Bay street that continues to have its country-lane feel, 773 Island — a house for all parts of the day, all stages of growth, and all seasons of life — is now ready for you to call “home.” Offered at $2,200,000. MLS# 1025272 www.rustphillips.com #oakbayliving, #yyj, #luxurylife, #westcoastbestcoast
JANUARY 2026 VREB MARKET STATISTICS…. A total of JANUARY 2026 VREB MARKET STATISTICS…. A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 per cent fewer than the 422 properties sold in January 2025 and 7.6 per cent fewer than in December 2025. Sales of condominiums decreased by 25.3 per cent from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 per cent from January 2025 with 153 sold. “This year kicked off with sales in a similar pattern to what we observed in 2023 and ‘24,” said Victoria Real Estate Board Chair Fergus Kyne. “Those years signalled the return to more predictable, seasonal patterns after the intense pace of the pandemic-influenced market we saw earlier in the decade. Different this year is that there is much more inventory on the market. Healthy levels of inventory that meet demand are critical to smooth out any upward pressure on pricing. As we move through the year, it may well be inventory levels and a combination of external factors like interest rates, global trade tensions, and consumer confidence that ultimately determine the course for our market.” There were 2,624 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2026, an increase of 3.1 per cent compared to the previous month of December and a 9.6 per cent increase from the 2,395 active listings for sale at the end of January 2025. “With the current strong level of inventory and fewer sales, the overall market in January rested on the threshold between balanced and a buyer’s market,” notes Chair Kyne. “A single month does not promise a long-term trend, but this does mean that January offered a good amount of selection for buyers and more defined outcomes for sellers. Our market area is small but diverse, and consists of many micro-markets, all of which have their own specific market conditions. This means that some areas may be in balance, while others may trend to a buyer’s market. To determine where a property is within the balance of markets, connect with your favourite Victoria REALTOR®.”
We are grateful to all our clients, friends, colle We are grateful to all our clients, friends, colleagues. family and our brokerage who continue to support our business. We are honoured once again to receive the MLS GOLD AWARD being amongst the top 10% of the VREB realtors. We appreciate all your kind referrals and if you are thinking of making a move please reach out and we would be honoured to assist your next journey ❤️
NEW TO MARKET! Well maintained 4 bed, 3 bath View NEW TO MARKET! Well maintained 4 bed, 3 bath View Royal home offering sweeping views of Portage Inlet. Set on a generous 15,246 Sqft lot with future development potential and easy access to the E&N Trail, this solid residence offers flexibility and value. The lower level features a self-contained suite, while the upper level includes a separate living area currently used as a part-time suite, easily reconfigured into the main home. Highlights include coved ceilings, large picture windows that flood the home with natural light and capture stunning water views, a spacious deck off the kitchen, and a cozy wood-burning fireplace in the living room. Ample parking, plus a detached garage and workshop, complete this exceptional property. Offered at $1,235,000 MLS# 1023420 www.rustphillips.com #viewroyal, #portageinlet, #yyjrealestate, #engelvölkers @gregphillipsev @engelvolkersvancouverisland
DECEMBER 2025 TOP PRODUCERS & RUSTPHILLIPS GROUP T DECEMBER 2025 TOP PRODUCERS & RUSTPHILLIPS GROUP TOP TEAMS
DECEMBER 2025 VREB MARKET STATISTICS………A total of DECEMBER 2025 VREB MARKET STATISTICS………A total of 367 properties sold in the Victoria Real Estate Board region this December, 12.8 per cent fewer than the 421 properties sold in December 2024 and 18.6 per cent fewer than in November 2025. Sales of condominiums were down 21.5 per cent from December 2024 with 106 units sold. Sales of single family homes decreased by 2.6 per cent from December 2024 with 186 sold. There were 6,918 sales over the course of 2025, a 0.36 per cent increase from the 6,893 sales in 2024. “2025 was another consistent year for local real estate,” said 2026 Victoria Real Estate Board Chair Fergus Kyne. “Despite global economic uncertainty, property sales in the Victoria market were steady and pricing remained relatively balanced. One of the most significant factors in 2025 was the amount of available inventory. We saw the second highest number on record of new listings enter the market. The ample inventory was good news for sellers and for the stability of our market. Buyers had more choice and time to make decisions, while sellers benefitted from clearer expectations around pricing and timelines.” There were 2,544 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2025, a decrease of 19.3 per cent compared to the previous month of November but an 11.1 per cent increase from the 2,290 active listings for sale at the end of December 2024. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2024 was $1,316,700. The benchmark value for the same home in December 2025 decreased by 4.7 per cent to $1,255,000, down 1.7 per cent from November’s value of $1,276,700. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2024 was $546,100 while the benchmark value for the same condominium in December 2025 increased by 0.7 per cent to $549,900, a decrease of 0.6 per cent from the November value of $533,100.
NOVEMBER 2025 TOP PRODUCERS & RUSTPHILLIPS TOP TEA NOVEMBER 2025 TOP PRODUCERS & RUSTPHILLIPS TOP TEAMS ✅
NOVEMBER 2025 VREB MARKET STATISTICS …. A total o NOVEMBER 2025 VREB MARKET STATISTICS …. A total of 451 properties sold in the Victoria Real Estate Board region this November, 18.1 per cent fewer than the 551 properties sold in November 2024 and 26.9 per cent fewer than in October 2025. Sales of condominiums decreased by 36 per cent from November 2024 with 119 units sold. Sales of single family homes decreased by 8.4 per cent from November 2024 with 241 sold. “We observed a slowing of the pace of sales this month that we didn’t experience last year at this time,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “This year-over-year difference in sales does appear to be noteworthy, but it is because last year’s sales were distributed differently than they have been this year. 2025 saw higher sales counts during the spring market, whereas 2024 saw a sales rally later in the year, which is not typical. Even though our winter numbers are softer compared to last year, we are right on track for this year’s total numbers to end up very close to the four years previous. In fact, compared to fewer than 400 November sales in both 2022 and 2023, this year’s activity was higher.” There were 3,152 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2025, a decrease of 7.9 per cent compared to the previous month of October and an 11.1 per cent increase from the 2,836 active listings for sale at the end of November 2024. “We could characterize the tone in November as one of patience,” notes Chair VanderWal. “Buyers have plenty of options and time to make their decisions, and sellers know that well-priced and well-presented homes will sell, but that the market isn’t under the pressure it had been in the early 2020s. Overall, our market remains in a balanced position. We can see that different types of properties and different locations influence where each home is on that scale of balance. To determine where the home you want to buy or sell rests between a buyers’ or sellers’ market, connect with your favourite Victoria REALTOR®, who can help you understand these trends and how your property fits in the current market.”
OCTOBER 2025 TOP PRODUCERS ❤️ OCTOBER 2025 TOP PRODUCERS ❤️
OCTOBER 2025 VREB MARKET STATISTICS… A balanced Vi OCTOBER 2025 VREB MARKET STATISTICS… A balanced Victoria real estate market continues to provide consumers with options A total of 617 properties sold in the Victoria Real Estate Board region this October, 5.7 per cent fewer than the 654 properties sold in October 2024 and 11.4 per cent more than in September 2025. Sales of condominiums decreased by 15 per cent from October 2024 with 159 units sold. Sales of single family homes increased by 2.9 per cent from October 2024 with 350 sold. “The local real estate market remains reasonably balanced,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Single family homes are currently seeing the strongest demand, and this month we saw the highest number of October sales since 2020. However, condo sales were slightly more restrained than single family and townhome sales over the past month. We have not seen a significant decrease in prices as a result, but those shopping for condos will find a good variety to choose from with time to make decisions.” There were 3,423 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2025, a decrease of 7.3 per cent compared to the previous month of September and an 8.3 per cent increase from the 3,161 active listings for sale at the end of October 2024. “The Bank of Canada made another interest rate cut late in October,” notes Chair VanderWal. “It’s too early to determine if this will affect demand, but consumers are likely watching and waiting to see what will happen to fixed and variable mortgage rates. As we move toward winter, the housing market tends to cool off with the weather. The Victoria real estate market is dynamic, and can change course depending on consumer activity. For assistance selling or buying, connect with your favourite Victoria REALTOR® who can help you understand the trends and how your property fits in the current market.”
South Oak Bay home perched on a stunning property South Oak Bay home perched on a stunning property with beautiful gardens and expansive views of the mountains and straits. This 5 Bedroom/ 4 Bathroom home is situated on a delightful 14,000 sqft property and just a short stroll away from the Oak Bay Village. A timeless 1930’s home with a tasteful addition crafted by Pamela Charlesworth, all in keeping with the charm of the era. From every room you will be captivated by the natural light and stunning surroundings, with original hardwood moors and coved cellings. A versatile floorplan for a couple or larger family, with a great palette ready for a modern refresh. A one of a kind Oak Bay Location, tucked away up a private hill and walkable to Oak Bay Shops, public & private schools, Windsor Park, Oak Bay Marina and the Victoria Golf Club & beaches. Offered at $2,175,000 MLS# 1015836 www.rustphillips.com #oakbay, #Yj, #oakbayliving, #vancouverisland, #westcoastliving @engelvolkersvancouverisland @gregphillipsev
NEW TO MARKET! South Oak Bay home perched on a stu NEW TO MARKET! South Oak Bay home perched on a stunning property with beautiful gardens and expansive views of the mountains and straits. This 5 Bedroom/ 4 Bathroom home is situated on a delightful 14,000 sqft property and just a short stroll away from the Oak Bay Village. A timeless 1930’s home with a tasteful addition crafted by Pamela Charlesworth, all in keeping with the charm of the era. From every room you will be captivated by the natural light and stunning surroundings, with original hardwood moors and coved cellings. A versatile floorplan for a couple or larger family, with a great palette ready for a modern refresh. A one of a kind Oak Bay Location, tucked away up a private hill and walkable to Oak Bay Shops, public & private schools, Windsor Park, Oak Bay Marina and the Victoria Golf Club & beaches. Offered at $2,175,000 MLS# 1015836 www.rustphillips.com #oakbay, #yyj, #oakbayliving, #vancouverisland, #westcoastliving @engelvolkersvancouverisland @gregphillipsev
SEPTEMBER 2025 TOP PRODUCERS ❤️ SEPTEMBER 2025 TOP PRODUCERS ❤️
SEPT 2025 VREB MARKET STATISTICS..September 2025 SEPT 2025 VREB MARKET STATISTICS..September 2025 Victoria real estate market finds a healthy balance in autumn A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 per cent fewer than the 571 properties sold in September 2024 and 5.5 per cent more than in August 2025. Sales of condominiums decreased by 18.5 per cent from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 per cent from September 2024 with 289 sold. “September was another stable month for local real estate,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Stability is a good thing; we don’t want to see huge fluctuations in price or number of sales in our market. A market like we currently are in, that experiences typical seasonality, and includes a healthy amount of inventory and a good selection of interested buyers, is one where we won’t have that overheated pressure on pricing and on transactions that we saw in previous years. Our current market is fairly balanced, with less pressure on both the buyers’ and the sellers’ sides. This means each party in the transaction has time to do their due diligence and make decisions.” There were 3,694 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2025, an increase of 2.6 per cent compared to the previous month of August and a 9.9 per cent increase from the 3,361 active listings for sale at the end of September 2024. “Single family homes and townhome sales remained strong last month,” adds Chair VanderWal. “The condo market proved slightly softer. Decreasing interest rates may bring more buyers into the field, including first time home buyers who often purchase condos. In these balanced market conditions, if you’re selling, it’s important your home is well-presented and correctly priced. If you are purchasing, it’s important you prioritize your needs and wants as there are more options to choose from. Your REALTOR® can help you identify the right strategy for a successful sale or purchase.”
2693 MacDonald Drive East. ONE LEVEL luxury reimag 2693 MacDonald Drive East. ONE LEVEL luxury reimagined residence privately situated on .56 acre gated property in prestigious Queenswood. The owners have meticulously reinvented their home with exceptional attention to detail throughout. The flow is superb offering a bright open plan with completely updated interior including new hardwood & ceramic flooring, custom cabinetry, countertops and appliances are just some of the numerous upgrades completed. The spacious kitchen is open and bright with adjacent eating area, centre island and views to the manicured gardens and surrounding trees. Vaulted ceilings in the dining and living rooms are encompassed with numerous windows and double sliding doors leading to an oversized patio and private south facing garden. There are 3 bedrooms including a generous primary suite complete with ensuite bath and walk in closet. A rare turn key opportunity in a sought after location adjacent to Cadboro Bay Village, Gyro Park/Beach & UVIC. Interior. Offered at $2,075,000 MLS #1015942 www.rustphillips.com @engelvolkersvancouverisland @gregphillipsev #queenswood, #rancher, #luxurylifestyle, #yyj, #saanich, #islandliving, #westcoast
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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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  • MEET THE TEAM
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