At a glance

Oak Bay Village is the heart of Oak Bay, with Oak Bay Avenue shops, heritage houses and a high share of seniors. About 57% of homes are detached and 35% are apartments, 28% of households rent, and owners valued the median home at about $1.39M in the 2021 census.

Median home value (est.): $1.54M^*
Residents: 11,390
Households renting: 28%
Homes that are apartments: 35%

What the numbers mean

Owners valued the median home at $1.39M in the 2021 census. Indexed to September 2026 prices with the Victoria MLS® Home Price Index (+11% since then), that is about $1.54M, 56% above the Victoria median of $987K. It is an estimate: the index tracks the whole region, not this neighbourhood.
28% of households rent, well below the 39% city-wide.
39% are 65 or older, versus 23% city-wide, a sign of long-time residents and a settled pace.
57% of homes are single-detached houses, versus 37% city-wide.

Who lives here

Share of residents by age, scaled estimate for mid-2025, up from 10,500 at the 2021 census.

0-1411%

15-195%

20-244%

25-346%

35-448%

45-5411%

55-6415%

65+39%

Homes

Share of homes by type, scaled estimate for mid-2025, up from 10,500 at the 2021 census.

Single-detached57%

Semi-detached1%

Row house1%

Duplex flat5%

Apartment under 5 storeys27%

Apartment 5+ storeys9%

Upfront closing costs¹

BC charges a tiered property transfer tax: 1% on the first $200,000, 2% to $2 million, then 3%, and 5% above $3 million. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.

BC property transfer tax: $28,880

How it's changing

These municipalities don't publish building permits by neighbourhood, so we can't chart construction here yet.

Safety

Neighbourhood-level crime figures aren't available for Oak Bay. Policing there is by the RCMP or a municipal police department, and neither publishes open crime counts by neighbourhood. Check Statistics Canada's crime tables for municipality-wide trends, and the local police website for crime maps. Why this is missing.

Oak Bay Village