Vancouver Island Market Report Infographics
INFOGRAPHICS: March 2025 VIREB Vancouver Island Market Reports
MARKET HOLDING STEADY IN BALANCED TERRITORY
The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales (all property types) in March 2025, down one per cent from one year ago. Year-over-year active listings (all property types) rose by six per cent, climbing to 3,708 from 3,488 the previous March.
In the single-family category (excluding acreage and waterfront), 301 homes sold in March, up four per cent from one year ago and an increase of 26 per cent from February. Sales of condo apartments last month came in at 87, an increase of nine per cent year over year and up 45 per cent from February. In the row/townhouse category, 74 units changed hands in March, down nine per cent from one year ago and up by 21 per cent over February.
Active listings of single-family homes were 1,162 last month compared to 1,084 in March 2024. VIREB’s inventory of condo apartments was 408 in March, up from the 324 posted one year ago. There were 317 row/townhouses for sale last month compared to 333 the previous year.
Read the full report on VIREB website!
The following data is a comparison between March 2025 and March 2024 numbers, and is current as of April of 2025. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – March 2025 VIREB Market Report
INFOGRAPHICS: February 2025 VIREB Vancouver Island Market Reports
UNCERTAINTY SURROUNDING TARIFFS HOLDING BACK BUYERS
The Vancouver Island Real Estate Board (VIREB) recorded 493 unit sales (all property types) in February 2025, the same as one year ago. Year-over-year active listings (all property types) rose by three per cent, climbing to 3,235 from 3,153 in February 2024.
In the single-family category (excluding acreage and waterfront), 239 homes sold in February, down four per cent from one year ago and up 17 per cent from the previous month. Sales of condo apartments last month came in at 60, an increase of 12 per cent year over year and up 30 per cent from January. In the row/townhouse category, 61 units changed hands in February, up five per cent from one year ago and increasing by 42 per cent over January.
Active listings of single-family homes were 975 last month, up from the 915 posted one year ago. VIREB’s inventory of condo apartments was 376 last month compared to 298 in February 2024. There were 245 row/townhouses for sale last month compared to 328 the previous year.
Read the full report on VIREB website!
The following data is a comparison between February 2025 and February 2024 numbers, and is current as of March of 2025. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – February 2025 VIREB Market Report
INFOGRAPHICS: January 2025 VIREB Vancouver Island Market Reports
POSITIVE START TO 2025 TEMPERED BY UNCERTAINTY
The Vancouver Island Real Estate Board (VIREB) recorded 434 unit sales and 2,988 active listings (all property types) board-wide on the MLS® System in January 2025, up 26 and five per cent, respectively.
In the single-family category (excluding acreage and waterfront), 205 homes sold in January, up 36 per cent from one year ago and down 10 per cent from December. Sales of condo apartments last month came in at 46, the same number as in January 2024 and up five per cent from December. In the row/townhouse category, 43 units changed hands in January, up 10 per cent from one year ago and down 26 per cent from December.
Active listings of single-family homes were 888 last month, up from the 807 posted one year ago. VIREB’s inventory of condo apartments was 293 last month, up from 258 in January 2024. There were 219 row/townhouses for sale in January compared to 282 the previous year.
Read the full report on VIREB website!
The following data is a comparison between January 2025 and January 2024 numbers, and is current as of February of 2025. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – January 2025 VIREB Market Report
INFOGRAPHICS: December 2024 VIREB Vancouver Island Market Reports
2024 ENDS WITH A BALANCED MARKET AND A POSITIVE OUTLOOK
The Vancouver Island Real Estate Board (VIREB) recorded 7,489 unit sales (all property types) in 2024 compared to 7,297 in 2023 and 7,810 in 2022. December 2024 saw unit sales of 443 (all property types) and 2,883 active listings.
In the single-family category (excluding acreage and waterfront), 227 homes sold in December, up 52 per cent from one year ago and down 15 per cent from November. Sales of condo apartments last month came in at 44, increasing by 16 per cent year over year and down 29 per cent from November. In the row/townhouse category, 58 units changed hands in December, up 49 per cent from one year ago and down 24 per cent from November.
Active listings of single-family homes were 829 in December, up from the 796 posted one year ago. VIREB’s inventory of condo apartments was 271 last month, up from 257 in December 2023. There were 195 row/townhouses for sale last month compared to 244 the previous year. VIREB CEO Jason Yochim reports that REALTORS® are feeling optimistic about 2025, with many clients stating they plan to buy or sell this year.
Read the full report on VIREB website!
The following data is a comparison between December 2024 and December 2023 numbers, and is current as of January of 2025. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – December 2024 VIREB Market Report
INFOGRAPHICS: November 2024 VIREB Vancouver Island Market Reports
BALANCED MARKET LIKELY TO CLOSE OUT THE YEAR
The Vancouver Island Real Estate Board (VIREB) recorded 566 unit sales and 3,478 active listings (all property types) board-wide on the MLS® System in November 2024, up 17 and three per cent, respectively.
In the single-family category (excluding acreage and waterfront), 267 homes sold in November, up 14 per cent from one year ago and down 23 per cent from October. Sales of condo apartments last month came in at 62, increasing by 13 per cent year over year and down 23 per cent from October. In the row/townhouse category, 76 units changed hands in November, up 58 per cent from one year ago and down eight per cent from October.
Active listings of single-family homes were 1,105 in November, up from the 1,040 posted one year ago. VIREB’s inventory of condo apartments was 314 last month, up from 285 in November 2023. There were 257 row/townhouses for sale last month compared to 282 the previous year.
Read the full report on VIREB website!
The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – November 2024 VIREB Market Report
INFOGRAPHICS: October 2024 VIREB Vancouver Island Market Reports
BALANCED MARKET OFFERS THE BEST OF BOTH WORLDS
The Vancouver Island Real Estate Board (VIREB) recorded 722 unit sales and 4,015 active listings (all property types) board-wide on the MLS® System in October 2024, up 42 per cent and
12 per cent, respectively.
In the single-family category (excluding acreage and waterfront), 346 homes sold in October, up 45 per cent from one year ago and eight per cent from September. Sales of condo apartments last month came in at 80, increasing by 36 per cent year over year and 16 per cent from September. In the row/townhouse category, 83 units changed hands in October, up 43 per cent from one year ago and down 11 per cent from September.
Active listings of single-family homes were 1,352 in October, up from the 1,157 posted one year ago. VIREB’s inventory of condo apartments was 366 last month, up from 307 in October 2023. There were 299 row/townhouses for sale last month compared to 265 the previous year.
Read the full report on VIREB website!
The following data is a comparison between October 2024 and October 2023 numbers, and is current as of November 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – October 2024 VIREB Market Report
INFOGRAPHICS: September 2024 VIREB Vancouver Island Market Reports
SPRING MARKET ARRIVES IN THE FALL
The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales and 4,465 active listings (all property types) board-wide on the MLS® System in September 2024, up 16 per cent
and 24 per cent, respectively. In the single-family category (excluding acreage and waterfront), 320
homes sold in September, up 22 per cent from one year ago and down four per cent from August. Sales
of condo apartments last month came in at 69, decreasing by 19 per cent year over year and one per
cent from August. In the row/townhouse category, 93 units changed hands in September, up 31 per cent
from one year ago and 35 per cent from August.
Active listings of single-family homes were 1,586 in September, up from the 1,173 posted one year ago. VIREB’s inventory of condo apartments was 410 last month, up from 305 in September 2023. There were
335 row/townhouses for sale last month compared to 239 the previous year.
With active listings at their highest level in five years, slowing inflation, and recent rate cuts, it’s an
excellent time to buy. This advice holds particularly true for condo apartments and row/townhouses; the
single-family market has been somewhat stagnant lately.
Read the full report on VIREB website!
The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – September 2024 VIREB Market Report
INFOGRAPHICS: August 2024 VIREB Vancouver Island Market Reports
FAVOURABLE CONDITIONS TRENDING TOWARDS BUYERS’ MARKET
The Vancouver Island Real Estate Board (VIREB) recorded 662 unit sales board-wide and 4,520 active listings (all property types) on the MLS® System in August 2024. In the single-family category (excluding acreage and waterfront), 333 homes sold in August, up three per cent from one year ago and down eight per cent from July. Sales of condo apartments last month came in at 70, decreasing by 18 per cent year over year and 20 per cent from July. In the row/townhouse category, 69 units
changed hands in August, down eight per cent from one year ago and 30 per cent from July.
Active listings of single-family homes were 1,564 in August, up from the 1,072 posted one year ago. VIREB’s inventory of condo apartments was 437 last month, up from 308 in August 2023. There were 364 row/townhouses for sale last month compared to 254 the previous year.
VIREB CEO Jason Yochim notes that VIREB’s housing market was flat during spring and summer, but REALTORS® are optimistic about the fall market.
Read the full report on VIREB website!
The following data is a comparison between August 2024 and August 2023 numbers, and is current as of September 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – August 2024 VIREB Market Report
INFOGRAPHICS: July 2024 VIREB Vancouver Island Market Reports
WAITING IS THE THEME OF VIREB’S SUMMER HOUSING MARKET
The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide (all property types) on the MLS® System in June 2024. In the single-family category (excluding acreage and waterfront), 359 homes sold in June, down 15 per cent from one year ago and 12 per cent from May. Sales of condo apartments last month came in at 82, decreasing by 24 per cent year over year and by 11 per cent from May. In the row/townhouse category, 91 units changed hands in June, down eight per cent from one year ago and 16 per cent from May.
Active listings of single-family homes were 1,566 in June, an increase from the 1,105 posted one year ago. VIREB’s inventory of condo apartments was 440 last month, up from 319 in June 2023. There were 364 row/townhouses for sale last month compared to 274 the previous year.
Jason Yochim, VIREB Chief Executive Officer, says the market is behaving differently than during a typical summer, and the expected boost from the recent interest rate cut hasn’t materialized.
Read the full report on VIREB website!
The following data is a comparison between July 2024 and July 2023 numbers, and is current as of August 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – July 2024 VIREB Market Report
INFOGRAPHICS: June 2024 VIREB Vancouver Island Market Reports
WAITING IS THE THEME OF VIREB’S SUMMER HOUSING MARKET
The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide (all property types) on the MLS® System in June 2024. In the single-family category (excluding acreage and waterfront), 359 homes sold in June, down 15 per cent from one year ago and 12 per cent from May. Sales of condo apartments last month came in at 82, decreasing by 24 per cent year over year and by 11 per cent from May. In the row/townhouse category, 91 units changed hands in June, down eight per cent from one year ago and 16 per cent from May.
Active listings of single-family homes were 1,566 in June, an increase from the 1,105 posted one year ago. VIREB’s inventory of condo apartments was 440 last month, up from 319 in June 2023. There were 364 row/townhouses for sale last month compared to 274 the previous year.
Jason Yochim, VIREB Chief Executive Officer, says the market is behaving differently than during a typical summer, and the expected boost from the recent interest rate cut hasn’t materialized.
Read the full report on VIREB website!
The following data is a comparison between June 2024 and June 2023 numbers, and is current as of June 2024. Click here to check out last month’s infographics.
You can also view all our VIREB infographics by clicking here.
Download Printable Version – June 2024 VIREB Market Report
