Residential · Colwood, Victoria

Royal Bay

A newer waterfront community with a beach and young families

Families with kids
Commuters
Owners on a budget

Royal Bay in context. Neighbouring areas link to their guides. Boundaries: Statistics Canada (approximate areas).

At a glance

Royal Bay is a newer, planned Colwood community of houses and townhouses by the shore. About 49% of homes are detached and 8% are apartments, 14% of households rent, and owners valued the median home at about $903K in the 2021 census.

Median home value (est.): $1.00M^*
Residents: 6,540
Households renting: 14%
Homes that are apartments: 8%

What the numbers mean

Owners valued the median home at $903K in the 2021 census. Indexed to September 2026 prices with the Victoria MLS® Home Price Index (+11% since then), that is about $1.00M, close to the Victoria median of $987K. It is an estimate: the index tracks the whole region, not this neighbourhood.
14% of households rent, well below the 39% city-wide. Most people here own and stay a while.
16% of residents are under 15, versus 13% city-wide. Expect busy schools, parks and playgrounds.
49% 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 6,031 at the 2021 census.

0-1416%

15-195%

20-244%

25-3410%

35-4415%

45-5413%

55-6416%

65+20%

Homes

Share of homes by type, scaled estimate for mid-2025, up from 6,031 at the 2021 census.

Single-detached49%

Semi-detached10%

Row house10%

Duplex flat23%

Apartment under 5 storeys8%

Apartment 5+ storeys0%

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: $18,040

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 Colwood. 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.