At a glance
Prospect Lake is a semi-rural area of Saanich with a small lake, farms and larger lots, next to Mount Work Regional Park. About 81% of homes are detached and 2% are apartments, 17% of households rent, and owners valued the median home at about $1.45M in the 2021 census.
- Median home value (est.)
- $1.60M* * est.: 2021 census, indexed to September 2026 · city $987K
- Residents
- 3,220 scaled estimate for mid-2025, up from 2,966 at the 2021 census
- Households renting
- 17% city 39%
- Homes that are apartments
- 2% city 36%
What the numbers mean
- Owners valued the median home at $1.45M in the 2021 census. Indexed to September 2026 prices with the Victoria MLS® Home Price Index (+11% since then), that is about $1.60M, 63% above the Victoria median of $987K. It is an estimate: the index tracks the whole region, not this neighbourhood.
- 17% of households rent, well below the 39% city-wide. Most people here own and stay a while.
- 81% 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 2,966 at the 2021 census.
Homes
Share of homes by type, scaled estimate for mid-2025, up from 2,966 at the 2021 census.
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
- $30,080 on $1.60M
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 Saanich. 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.