234 replies to this topic

[Ryan Cook]

[Mike K.]

800 is my guess.

[Ryan Cook]

780 is my guess

[Ryan Cook]

Vancouver Island real estate sees substantial price growth

 

Vancouver Island has been a hotspot of price growth in many of its resale real estate in recent years, a new report has found.

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Article contentThe report by Zoocasa, a national realty firm, found that over the last five years, price growth on Vancouver Island has taken off compared with Vancouver metropolitan.

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Leading price gains on the island was the North Island — the most affordable market — where the benchmark price of a home grew 82 per cent to $446,600.

The next most sizable jump in benchmark price was Port Alberni up almost 68 per cent to $519,700.

Comox Valley had the third largest increase on the island, up about 61 per cent to $848,500 for a benchmark price. The report further posits that future high growth for price may be ahead as more Canadian retirees look to purchase on Island for its warmer climate as they shun the traditional snowbirds haunts in the U.S. amid concerns about its president’s hostile stance toward Canada.

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By comparison, the Lower Mainland saw slower five-year price growth — though still substantial. The benchmark price in the Lower Mainland increased almost 46 per cent between 2020 and 2025 to $1.82 million. In Greater Vancouver, the benchmark price grew about 37 per cent to about $2 million. The report added that most of the price growth in the Vancouver area has been outside the city centre. For instance, Port Coquitlam’s benchmark price grew 51 per cent to about $1.42 million.

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The most expensive market on the island, which was not included in the study, was Victoria and surrounding area. There, the benchmark price increased only 39 per cent to about $891,000 by this past April, according to Canadian Real Estate Association data.

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The highest priced market in the Vancouver metropolitan area was Vancouver West, with a benchmark of $3.45 million. That’s an increase of about 16 per cent over five years, the lowest percentage increase in the study.

https://calgaryheral...l-price-growth 

[lanforod]

720. I think the slowdown stays down now

[Barrister]

We are doing better than Vancouver or Toronto. So a pretty okay spring.

[Bambam]

Depending what you're looking for there is still decent value to be found even on the island; I want to retire in a year give or take and have been looking at both detached and townhomes from the Cowichan Valley up to Campbell River - even detached homes around Mill Bay - and there is value in all those places again depending on what you're looking at in terms of building type, property size, number of bedroom/bathrooms. Heck I'm a huge fan of Squamish and there are even reasonable properties there in spite of the proximity to North/Vancouver

[Ryan Cook]

[Ryan Cook]

[Ryan Cook]

 

Just shy of last year

[Ryan Cook]

A stable real estate market trend continues in Victoria, BC

 

A total of 758 properties sold in the Victoria Real Estate Board region this May, 0.7 per cent fewer than the 763 properties sold in May 2024 but 18.1 per cent more than in April 2025. Sales of condominiums decreased by 6 per cent from May 2024 with 221 units sold. Sales of single family homes increased by 0.5 per cent from May 2024 with 401 sold.

 

“Victoria’s real estate market in the month of May was positive for consumers on both sides of the transaction,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Ample inventory coming to market outpaced brisk sales, which provided a consistent amount of choice and eased competition on high-demand properties. More balanced market conditions were supported by stability both in prices and in interest rates. The May market was resilient, and that steady pace is a little boring to report on but has been much more comfortable for buyers and sellers to navigate than markets we’ve seen in past years.”

 

There were 3,716 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2025, an increase of 8.5 per cent compared to the previous month of April and an 11.3 per cent increase from the 3,338 active listings for sale at the end of May 2024.

 

“The past month we saw the highest total sales that we’ve seen since May 2024, which was the peak month last year,” adds Chair VanderWal. “We’ve also tracked the highest number of new listings incoming since May 2008, which helped to keep the market balanced. It is important to remember that our housing market is made up of many micro markets, and if you are shopping for a downtown condo your experience and strategy is going to be much different than someone who is shopping for a suburban detached home. 

[Ryan Cook]

[Mike K.]

37 deals per business day, but it’s always higher at the start of the month. 21 business days this June, so we ought to surpass last year on that basis alone.

Last June had 20 business days, 33.05 deals a day.

[Barrister]

We are certainly doing a lot better than either Vancouver or Toronto.

[Ryan Cook]

 

 

On track to beat 2024