Vancouver Island Real Estate Board

06/19/2026

"Rising mortgage rates and a weak labour market continue to constrain activity around the province but especially in the Lower Mainland," said BCREA Chief Economist Brendon Ogmundson. Get the May 2026 stats here 👉 https://bit.ly/4oqBSqb

06/19/2026

06/18/2026

Pride Month is a reminder that inclusion is built through consistent actions and shared commitment.

When people can show up authentically and know they belong, our workplaces and communities are stronger.

VIREB recognizes the 2SLGBTQIA+ community and the ongoing work toward greater inclusion, equity, and belonging.

Wishing everyone a meaningful Pride Month. 🏳️‍🌈

06/03/2026

New month, new numbers. 📊 Here’s our May 2026 Housing Market Snapshot. Visit https://bit.ly/3RKiV5s for more info.

06/03/2026

Curious how VIREB's housing market performed in May, but don't want the fine print? Then check out our latest video update below. You'll learn everything you need to know in about two minutes. ⬇️ 🏠

Visit www.vireb.com for more information on our May 2026 housing ma...

06/01/2026

Buyers demonstrated caution in May, but well-priced homes are still moving in the VIREB area.

In the single-family category (excluding acreage and waterfront), 384 homes sold in May 2026, down four per cent from one year ago and an increase of three per cent from April 2026.

Sales of condo apartments last month came in at 79, increasing by 10 per cent year over year and 23 per cent from April. In the row/townhouse category, 113 units changed hands in May, up 33 per cent from one year ago and 28 per cent from April.

Active listings of single-family homes were 1,529 in May, down from 1,565 one year ago. VIREB’s inventory of condo apartments was 386 last month, down from the 399 properties listed in May 2025. There were 370 row/townhouses for sale last month compared to 346 the previous year.

Benchmark prices for May are as follows.

• Single-family - $791,600 (down 1% y-o-y)
• Apartment - $407,700 (up 1% y-o-y)
• Townhouse - $553,200 (down 2% y-o-y)

📊 Our full May 2026 Statistics Package is available at https://bit.ly/3RKiV5s. For local market insights, please contact a REALTOR® in your area. 🏡

05/04/2026

New month, new numbers 📊 Here’s our April 2026 Housing Market Snapshot. Visit https://bit.ly/48DaVcd for more info.

05/04/2026

In just two minutes, catch up on everything that happened in VIREB's April 2026 housing market. Watch the latest update below. ⬇️ 🏠

April 2026 Market Update

05/01/2026

After a measured start, our spring market awakened with a late-April uptick—here’s how the numbers played out.

VIREB recorded 683 unit sales (all property types) in April 2026, down 12 per cent from one year ago. Year-over-year active listings (all property types) were 4,256, up four per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 372 homes sold in April 2026, down six per cent from one year ago and an increase of 23 per cent from the previous year. Sales of condo apartments last month came in at 64, decreasing by 33 per cent year over year and down 11 per cent from March. In the row/townhouse category, 88 units changed hands in April, down one per cent from one year ago and up 24 per cent from March.

Active listings of single-family homes were 1,399 in April, up from 1,362 one year ago. VIREB’s inventory of condo apartments was 374 last month, down from the 410 properties listed in April 2025. There were 383 row/townhouses for sale last month compared to 331 the previous year.

Benchmark prices for April are as follows.

• Single-family - $790,300 (up slightly y-o-y)
• Apartment - $394,300 (down 4% y-o-y)
• Townhouse - $545,500 (down 1% y-o-y)

📊 Our full April 2026 Statistics Package is available at https://bit.ly/48DaVcd.

For local market insights, please contact a REALTOR® in your area. 🏡

04/16/2026

In its latest market update, the BC Real Estate Association (BCREA) reports that B.C.’s housing market is still feeling the effects of economic uncertainty.

📉 Total residential sales dollar volume reached $4.21B in March, down 5.6% year-over-year, while unit sales were more than 34% below the 10-year average.

🌍 BCREA notes that global conflict, higher mortgage rates, and a sluggish economy continue to slow recovery. However, improving affordability and pent-up demand could lead to increased activity once buyer confidence returns.

📊 So far in 2026:

• sales volume is down 13% year to date;
• unit sales are down 11%; and
• the average home price has dipped slightly (down 2.2% to $933,859).

For the full stats package with charts, visit https://bit.ly/4em8ONu.