Housing Market Holding Steady Despite Uncertainty

The Vancouver Island Real Estate Board (VIREB) recorded 786 unit sales (all property types) in April 2025, up eight percent from one year ago. Year-over-year active listings (all property types) rose by four percent, climbing to 4,080 from 3,913 the previous April.

In the single-family category (excluding acreage and waterfront), 401 homes sold in April, up nine
percent from one year ago and an increase of 33 percent from March. Sales of condo apartments
last month came in at 97, an increase of 33 percent year over year and up 12 percent from March.
In the row/townhouse category, 90 units changed hands in April, up eight per cent from one year
ago and 21 percent from March.

Active listings of single-family homes were 1,362 last month compared to 1,271 in April 2024.
VIREB’s inventory of condo apartments was 410 in April, up from the 381 posted one year ago.
There were 331 row/townhouses for sale last month compared to 368 in April 2024.

VIREB CEO Jason Yochim reports that with approximately five months of inventory, VIREB’s market
remains balanced, which is good news for buyers and sellers.
“VIREB’s trading area continues to hold steady on year-over-year transactions contrary to several
markets in the province that have experienced declines in sales activity year over year,” says
Yochim. “The moderate climate and lifestyle of Vancouver Island continues to attract immigration
from other parts of Canada, helping to sustain market activity.”

Benchmark Price

Moving on to prices, the board-wide benchmark price (MLS® Home Price Index) of a single-family
home was $800,100 in April 2025, up three per cent from one year ago. In the apartment category,
the benchmark price was $412,400 last month, up two per cent from the previous April. The
benchmark price of a townhouse in April was $552,900, up two per cent from the prior year.

• In Campbell River, the benchmark price of a single-family home was $720,700 last month, up
  four percent from the previous year.
• The Comox Valley’s year-over-year benchmark price rose by four percent to $868,400.
• In the Cowichan Valley, the benchmark price was $796,600, up three percent from April 2024.
• Nanaimo’s year-over-year benchmark price rose by two percent to $834,600.
• The Parksville-Qualicum area saw its benchmark price increase by one percent to $899,100.
• The cost of a benchmark single-family home in Port Alberni was $520,400, up one percent from the previous year.
• For the North Island, the benchmark price of a single-family home rose by six percent to $451,800.

April 2025 Real Estate Market Statistics

Are you planning on buying or selling a home on Vancouver Island this Summer? Now is a great time to start the journey, and we’d love to help!

250.723.7653
info@dkg.ca

Original Source: VIREB