Currently there are several pre-sale condo projects in Victoria, BC. Pre-sale condos can offer attractive investments. For example, currently at the Bayview Promontory (http://www.bosaproperties.com/promontory/) by Bosa you can buy a 1 bedroom condo including parking, heat pump, high-end kitchen, in a 21 story concrete building for around $250,000 including builder incentives and HST.
Two bedrooms units at the Promontory start in the $350,000 range. Additional parking spots can be bought for $12,000. When compared with what is currently on the market, these pre-sale values represent great value in my opinion. Please contact me for more information on developments that may not be available to the public!