Stunning 2023-Built Corner Unit with Breathtaking Views! This bright and modern 2-bed, 2-bath corner unit at Horizon at the Railyards offers 981 sq. ft. of thoughtfully designed living space. Enjoy unobstructed 180° views of the city, Inner Harbour, and Gorge Waterway from oversized windows and a spacious balcony. Nestled at Tyee & Bay, this is your chance to own in this vibrant waterfront community! The custom kitchen features stainless steel appliances, flat-panel matte cabinetry, wood-grain accents, and recessed lighting. The large primary bedroom offers windows on 2 sides for ample light and a beautiful 4 piece ensuite & walk through closet. Additional highlights include in-suite laundry, secure underground parking, ample bike storage, and direct access to the Galloping Goose Trail—perfect for walking, biking, or kayaking to town. No GST and no rental, pet, or age restrictions. Includes a 2-5-10 year new home warranty. Live the ultimate work-life balance in one of Victoria’s most sought-after locations!
Listed by Royal LePage Coast Capital - Oak Bay. Last updated Jul 8, 2026, 10:35 AM.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $160,000 down (20%) on $799,999, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 746 listings
Condo / Apartment
503
67.4%
Detached
135
18.1%
Townhouse
61
8.2%
Duplex
17
2.3%
Land
16
2.1%
Other
14
1.9%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Victoria · 390 dwellings
Low-rise apartment220 · 56.4%
Row house105 · 26.9%
High-rise apartment60 · 15.4%
Single-detached5 · 1.3%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170817· Victoria· 0.12 km²
Median rent here
$1,720
Owner shelter cost
$1,700
Renters
40.8%
30%+ on shelter
28.9%
Population (2021)
644
Median age
36.8
Avg household size
1.7
Avg household income
$106,800
Renters
40.8%
Owners
59.2%
Immigrants
12.7%
Post-secondary
83.9%
Avg home value
$632,000
Single status
30.3%
Not in labour force
16.9%
Households with kids
11.7%
Median rent
$1,720
Owner shelter cost
$1,700
30%+ on shelter
28.9%
Breakdown
Under $5,000
5
1.3%
$10,000 to $14,999
5
1.3%
$15,000 to $19,999
10
2.6%
$20,000 to $24,999
5
1.3%
$25,000 to $29,999
10
2.6%
$30,000 to $34,999
10
2.6%
$35,000 to $39,999
5
1.3%
$45,000 to $49,999
5
1.3%
$50,000 to $59,999
25
6.5%
$60,000 to $69,999
30
7.8%
$70,000 to $79,999
40
10.4%
$80,000 to $89,999
30
7.8%
$90,000 to $99,999
30
7.8%
$100,000 to $124,999
60
15.6%
$125,000 to $149,999
50
13.0%
$150,000 to $199,999
40
10.4%
$200,000 and over
25
6.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170817).
Market story
Rent in Victoria
Census 2021 avg $1,720/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
