We were sitting on our back deck on the waterfront after watching the butchart gardens fireworks that are every saturday night all summer. the fireworks had ended about 15 min. earlier and the boats and kayakers were dispersing. the owner of the house, my son and his girlfriend and myself were looking out at the lights and movement over the bay as kayakers and boats that were watching the show were dispersing. we had music on fairly low. i noticed the object and couldn't speak and we all watched it streak across the sky. it fly steadily across the sky and appeared to be about 500ft above the tree line which is about half a mile across the bay.It looked so strange. nobody could believe it was real it was so bizarre but being a glowing, bright red colour, triangular in shape, you couldn't miss it either! it had a contrail and it too was lit up from the object but quickly disappeared in the darkness as it moved along. it travelled very steadily and for a large object that seemed quite far away, it was very fast! we are on a deck, waterfront, on the bay and so we had a lot of unbroken sky and it took about 5 seconds to cross the sky that we could see. it disappeared heading towards victoria, bc.