For December 2024

Victoria is magical during the holidays! As someone who has spent countless winters on this beautiful island, I can confirm that there’s something extra special about celebrating the festive season here. Between the twinkling lights, historic charm, and a community that truly embraces the holidays, it’s hard not to feel the Christmas spirit. From cozy strolls through festive neighbourhoods to iconic holiday events, here are some of my favourite seasonal activities in Victoria, organized by category:

Neighborhoods to Stroll

Downtown Victoria

Start with a walk along Government Street, where heritage buildings are adorned with sparkling lights and garlands. Make your way to Bastion Square for pop-up holiday markets or explore Fan Tan Alley in Chinatown, which feels extra magical with its string lights and decorations. Don’t miss The Bay Centre’s holiday displays, perfect for getting into the festive spirit!

Oak Bay Village

Known for its quaint charm, Oak Bay Village transforms into a holiday wonderland. Stroll along Oak Bay Avenue, where you’ll find beautifully decorated shops and cafes. Be sure to check out the Oak Bay Avenue light display and stop by Ottavio Italian Bakery for a festive treat.

James Bay

Walk through the historic streets of James Bay, starting at Fisherman’s Wharf, where brightly decorated float homes add a nautical twist to holiday decor. Then, head toward Dallas Road for stunning ocean views paired with a festive chill in the air.

Installations, Activations, & Festive Places

Butchart Gardens’ Christmas Light Display

The Butchart Gardens is a must-see during the holidays. Wander through their famous Twelve Days of Christmas light display, sip on hot cocoa, and enjoy festive carolers in the beautifully lit gardens.

Inner Harbour

Victoria’s Inner Harbour sparkles with festive lights this time of year. The Parliament Buildings’ Christmas light display is iconic, and the Fairmont Empress goes all out with its holiday decor. Warm up with a cup of tea at the Empress or take a photo in front of their massive Christmas tree.

Royal BC Museum Plaza

This area is a hub of holiday cheer, featuring a giant Christmas tree, live music performances, and special holiday-themed activities inside the museum for families.

Festive Restaurants & Bars

Downtown

   •   Pagliacci’s: Cozy vibes and live music pair perfectly with hearty Italian comfort food.

   •   Irish Time Pub: Enjoy Irish tunes and seasonal bites in a warm, welcoming setting.

Oak Bay

   •   The Penny Farthing: A classic English pub decked out in holiday decorations—perfect for a pint by the fire.

   •   Vis-à-Vis: Their wine selection and cozy ambiance make it a top spot for a holiday date night.

Events, Moments, & Shows

Downtown Victoria

   •   Christmas at Craigdarroch Castle: Tour this historic castle adorned with Victorian-era holiday decorations. It’s a magical experience, complete with live music.

   •   Victoria Symphony’s Messiah by Candlelight: A breathtaking performance that will leave you feeling inspired by the season.

   •   MOM'S THE WORD: TALKIN' TURKEY: the Moms are back to tackle the most wonderful time of the year. 

Victoria Harbour

   •   Festival of Trees: Located at the Bay Centre, this annual fundraiser features beautifully decorated trees for a good cause.

   •   Lighted Ship display: Watch as boats are decked in the Inner Harbour—it’s a truly unique sight.

Up-Island Day Trips

   •   Ladysmith Festival of Lights: Worth the short drive from Victoria, this event features over a million twinkling lights, a festive parade, and holiday markets.

   •   Duncan Farmer’s Market: A perfect spot to shop for local, handmade gifts while sipping on mulled cider.

Whether you’re a long-time resident or visiting Victoria for the holidays, the city offers endless ways to celebrate the season. Bundle up, grab a peppermint latte, and enjoy everything this charming city has to offer!

What’s your favourite holiday tradition in Victoria?

The Canadian rental market has reached an interesting turning point. For the first time in over three years, average asking rents have declined, according to a recent report from Rentals.ca and Urbanation. This 1.2% drop in October compared to the same time last year reflects a national average rent of $2,152 per month. 

The most significant declines were seen in cities like Vancouver (-9.1% for one-bedroom units) and Toronto (-8.7%), driven by a mix of factors: 

   - A cooling economy 

   - Slower population growth 

   - Improved homeownership affordability 

   - Record apartment completions 

What Does This Mean for Investors? 

While declining rents in major urban centers might be concerning for some, it’s worth noting that smaller, traditionally affordable markets like Saskatchewan and Nova Scotia are seeing double-digit increases. Saskatchewan rents rose 17.1% year-over-year, while Nova Scotia climbed 9.6%. 

What to Watch For 

Looking ahead, market dynamics suggest this trend may persist in the short term, particularly as apartment construction remains high. However, three-bedroom apartments appear more resilient, with fewer declines or even increases in rents across most provinces. 

As a property manager, I see these fluctuations as an opportunity to strategize and adapt. Understanding market shifts like these is key to maintaining profitability and meeting tenant needs. 

If you’d like to discuss how this could impact your rental property or investment decisions, I’d be happy to help.