Welcome to Oak Bay
Oak Bay offers residents a unique blend of urban amenities and community charm.
With strong community engagement, excellent infrastructure, and ongoing development, Oak Bay continues to attract those looking for a balanced lifestyle in a vibrant setting.
Featured Oak Bay Properties
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A neighbourhood for everyone.
Oak Bay is home to a rich mix of people, communities, and cultures — a key factor contributing to its liveability and the distinct character of its neighbourhoods.
That mix is reflected in the local food, culture, and neighbourhoods, creating a rich and vibrant social fabric — and a welcoming place for people of all backgrounds.
Market Insights
Market Activity
178
Active listings
Average Price
$1,825,237
Across active sale listings
Avg. Days on Market
37
Days, across active sale listings
Popular Types
House
Most common listing type
Capital Growth & Building Permits in Oak Bay
Building permits serve as a leading indicator of neighbourhood growth and development activity. They reveal where new residential construction, commercial projects, and renovations are taking place — providing valuable insights into emerging areas and long-term property value trends.
Total Permits on Record
6,263
All permits in the city area
Permits Issued
211
Trailing 12 months
Demographic & Community Profile
Discover the people, lifestyles, and community dynamics that make Oak Bay unique.
Total Population
59,786
Residents
Affordability Score
54%
Based on income-to-housing cost ratio
Age Distribution
Population breakdown by age group
0–14
15–24
25–44
45–64
65+
Median Household Income
$88,000
Median rent $1,340/mo
Homeownership
Owner vs Renter distribution
Income Distribution
Household income brackets
Under $40k
$40k–$79k
$80k–$99k
$100k–$149k
$150k+
Household Composition
How households are structured
One-person
Couples
Multigenerational
Education
Highest certification attained
Bachelor's or higher
Post-secondary
High school
No certificate
Frequently Asked Questions
Is Oak Bay a good place to live?
Oak Bay offers a balanced lifestyle with strong community amenities, diverse housing options, and convenient access to essential services. The area attracts families, young professionals, and retirees seeking quality of life.
What are the best neighbourhoods in Oak Bay?
Oak Bay has diverse neighbourhoods suited to different lifestyles — family-friendly communities with top schools, walkable urban cores with amenities, and quieter residential streets. The best choice depends on your priorities like commute, lifestyle, and budget.
How much do homes cost in Oak Bay?
The average home price in Oak Bay is $1,825,237. Prices range significantly by neighbourhood and property type, from affordable condos to luxury detached homes.
How competitive is the housing market in Oak Bay?
Market competitiveness varies by season and inventory. There are currently 178 active listings. During high-demand periods properties may receive multiple offers — a local Sutton agent helps you navigate conditions.
How is commuting and transit in Oak Bay?
Oak Bay offers various transportation options including public transit, major highways, and cycling infrastructure. Commute times vary by neighbourhood, and many residents benefit from walkable areas with local amenities.