With historic neighbourhoods, massive mansions and easy access to world-class views, it's no surprise Oak Bay homes come with a hefty price tag.

But new data from real estate company Zoocasa shows just how expensive they are.

With the average home price currently sitting at $1,867,500, Oak Bay ranks behind Whistler, North Vancouver, Burnaby South, Burnaby North, Richmond and Port Moody, respectively, though Vancouver wasn't included on the list.

"Compare that to the Greater Vancouver average of $1,974,400 in July 2025, and the difference is negligible," Zoocasa said on its website. "Buyers here may be swapping urban bustle for ocean breezes, but the price tag remains virtually the same."

It seems obvious then that four Oak Bay mansions placed among the five highest-assessed properties

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