Saanich New Townhome Prices
New townhomes in Saanich fall into three fairly clear price groups, and knowing which one you are shopping in makes the listings much easier to compare.
| Asking price (late Oct 2026) | What you typically get | Where they are |
|---|
| Under $700,000 | Compact one- and two-bedroom units of about 550 to 750 square feet, often part of a larger infill project | Marigold, Camosun, Royal Oak |
| $700,000 to $1 million | Three- and four-bedroom family townhomes of about 1,300 to 2,150 square feet | Lake Hill, Quadra, High Quadra, Cedar Hill, Gateway near Uptown, Glanford, Gordon Head |
| Over $1 million | Larger or better-located homes, some close to the water | Cedar Hill, Broadmead, Cordova Bay, Gordon Head, Cadboro Bay |
In the middle group, price per square foot is usually the fairest way to compare two homes. Compare what is included, too: a garage, a finished lower level, appliances, landscaping and air conditioning or a heat pump all differ from one builder to the next.
Where New Townhomes Are Being Built in Saanich
New townhome listings in late October 2026 were spread across more than a dozen Saanich neighbourhoods. The busiest streets for small infill projects were Allenby Street near Camosun College, Dale Street off Quadra, McBriar Avenue and Tuxedo Drive in Lake Hill, Lindsay Street in Royal Oak, Wiseton Street in Marigold, and Louise Place and Cedar Hill Road in Cedar Hill. Larger projects include Marlowe on Tyndall Avenue in Gordon Head and a townhome development on Whittier Avenue near Uptown, with new homes in Broadmead and Cordova Bay at the upper end of the range.
To compare new homes with older ones nearby, see Cedar Hill townhomes, Royal Oak townhomes, Broadmead townhomes and the Marlowe project page.
What Buying in a Small Infill Project Means
A three- or four-home townhome project is a strata corporation like any other, but a very small one, and that changes a few things.
- Self-managed stratas. Small stratas are often run by the owners themselves rather than a management company. Fees are usually lower, but the owners make every decision together.
- Insurance and reserves. The strata still needs building insurance and a contingency reserve fund. With only a few owners, each one's share of a deductible or a repair is larger.
- Bylaws matter. With few owners, one neighbour's renovation, pet or parking habit has more effect on you. Read the bylaws and the first-year budget before you buy.
- Parking and storage. Some infill homes have one parking space, and some near frequent transit have none. Check what is assigned to each unit.
Three Floors Is Normal Here
To fit several homes onto one lot, many new Saanich townhomes are three storeys, with the garage or a flex room on the ground floor and bedrooms at the top. If stairs will be a problem in a few years, look at the plans closely, or consider a one-level patio home instead.
Taxes, GST & Rebates on a New Townhome
Most new Saanich townhomes are priced below $1.1 million, so a buyer who will live in the home may qualify for BC's newly built home exemption and pay no property transfer tax, with a partial exemption up to $1.15 million. On a $950,000 home the provincial transfer tax would otherwise be about $17,000.
New homes are subject to 5% GST. A qualifying first-time buyer can recover all of the GST on a new home valued up to $1 million through the federal first-time home buyers' GST rebate, and part of it up to $1.5 million. Ask each builder whether the list price includes GST, because practice varies, and confirm your eligibility with your lawyer or notary.
Presales and Completion Dates
Some of these townhomes are still being built, with a 2026 or 2027 completion year. Before you sign, find out the expected completion date, what happens if it slips, whether you can assign the contract, and how the deposit is held.
Saanich New Townhome Questions
How much does a new townhome cost in Saanich?
In late October 2026 new Saanich townhomes were listed from about $360,000 for a compact one-bedroom unit to about $1.63 million, with an average of roughly $955,000 for about 1,500 square feet.
Why are new townhomes being built on single-family lots in Saanich?
Saanich's small-scale multi-unit housing zoning, in effect since June 30, 2024, allows three to six homes on many lots inside the Urban Containment Boundary that used to allow one house, without a rezoning.
Can I avoid property transfer tax on a new Saanich townhome?
Often. BC's newly built home exemption removes property transfer tax on a qualifying new home used as a principal residence with a fair market value below $1.1 million, with a partial exemption up to $1.15 million.
