Vancouver Island Real Estate Board (VIREB) recorded 707 unit sales board-wide (all property types) in July, down eleven per cent from one year ago. Active listings were up two per cent from July 2025.

The Vancouver Island Real Estate Board’s July Statistics Package continues to show a balanced market with more active listings. However, Canada’s stronger-than-expected economy means significant mortgage-rate relief is unlikely in the near term.

By category, 366 single-family homes sold, down 12 per cent year-over-year; 71 condo-apartments sold, unchanged from last year; and 81 row-townhomes sold, of condo apartments in July, down 13 per cent. By community, single-family home sales in Campbell River decreased from 51 to 41 year-over-year, and in the Comox Valley from 71 to 56. Port Alberni–West Coast sales held at 26 homes sold.

MLS ® Average Sale $% Change
Campbell River $686,800+ 0.9%
Comox Valley$859,600– 0.6%
Parksville-Qualicum$927,700– 0.2%
Port Alberni / West Coast$531,300+ 1.3%
North Island$489,200+ 1.6%
Powell River / Sunshine Coast $563,200– 2.9%

The board-wide benchmark showed only minor increases or decreases in July. Single-family homes came in at $794,500, up one per cent from one year ago; apartment’s at $407,300, up one per cent year over year; and townhouses at $548,900, down slightly from one year ago. By community Campbell River was $686,800 last month, up one per cent from July 2025; the Comox Valley’s was $859,600, up slightly; Parksville-Qualicum was $927,700, up one per cent; Port Alberni was $531,300, up one per cent from the previous year; and the North Island was $489,200, an increase of eight per cent.

Source: VIREB

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