August 2025 Vancouver Island Real Estate Board Statistics – Market slower than in July but still ahead of last year
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 692 unit sales (all property types) in August 2025, up six per cent from one year ago. Year-over-year active listings (all property types) were 4,405, down three per cent from the previous year.
In the single-family category (excluding acreage and waterfront), 339 homes sold in August, up three per cent from one year ago and down 19 per cent from July. Sales of condo apartments last month came in at 74, an increase of nine per cent year over year and up four per cent from July. In the row/townhouse category, 72 units changed hands in August, up four per cent from one year ago and down 24 per cent from July.
Active listings of single-family homes were 1,424 last month compared to 1,564 in August 2024. VIREB’s inventory of condo apartments was 396 in August, down from the 437 listings posted one year ago. There were 355 row/townhouses for sale last month compared to 364 in August 2024.
VIREB Chair Olivier Naud notes that VIREB’s housing market is in the mid-range of balanced, with approximately six months of inventory.
“August was slower than July, but that’s typical with back to school on the horizon,” says Naud. “However, sales were up from the previous August, and our market is proving to be resilient. There is pent-up demand but still some hesitancy that we attribute to ongoing tariff concerns.”
However, Naud adds that tariff worries have turned out to be more of a psychological deterrent than an economic one. The British Columbia Real Estate Association (BCREA) reports that the 35 per cent tariff is only on non-compliant goods, which is a very small share of exports (less than 10 per cent).
“The effective tariff rate on all Canadian exports to the United States is about five per cent only, and on U.S. imports to Canada, it’s about two per cent,” says Naud. “So, despite our initial fears, there has actually been minimal impact on growth or inflation.”
Moving on to prices, the board-wide benchmark price (MLS® Home Price Index) of a single-family home was $796,900 in August 2025, up two per cent from one year ago and down slightly from July. In the apartment category, the benchmark price was $406,400 last month, up one per cent from the previous August and a small uptick from July. The benchmark price of a townhouse in August was $546,800, up one per cent from the prior year and down one per cent from the previous month.
In Campbell River, the benchmark price of a single-family home was $702,700 last month, up two per cent from August 2024. The Comox Valley’s year-over-year benchmark price rose by three per cent to $854,400. In the Cowichan Valley, the benchmark price was $796,900, up two per cent from August 2024. Nanaimo’s year-over-year benchmark price rose slightly to $820,700, while the Parksville-Qualicum area saw its benchmark price increase by one per cent to $925,800. The cost of a benchmark single-family home in Port Alberni was $524,500, up one per cent from the previous year. For the North Island, the benchmark price of a single-family home rose by six per cent to $469,800.
Please note: The Vancouver Island Real Estate Board (VIREB) transitioned to a new MLS® System in July 2020 and now uses a significantly different data model, which has affected our categories and terminology. For the board-supplied graphs, single-family is now referred to as single-family detached, apartment as condo apartment, and townhouse as row/townhouse, which now includes patio homes. However, when reporting HPI numbers, VIREB still refers to single-family, apartment, and townhouse in the media release.
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Vancouver Real Estate Stats Fraser Valley Real Estate Stats Victoria Real Estate Stats Statistics from Recent Months October 2022 Okanagan Real Estate Stats September 2022 Okanagan Real…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Fraser Valley Real Estate Stats Vancouver Real Estate Stats Victoria Real Estate Stats Statistics from Recent Months February 2023 Okanagan Real Estate Stats January 2023 Okanagan Real…
2024 ends with a balanced market and a positive outlook – December 2024 Vancouver Island Real Estate Board Statistics NANAIMO, BC – 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…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Vancouver Real Estate Stats Fraser Valley Real Estate Stats Victoria Real Estate Stats Statistics from Recent Months May 2022 Okanagan Real Estate Stats April 2022 Okanagan Real Estate…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Vancouver Real Estate Stats Fraser Valley Real Estate Stats Victoria Real Estate Stats Statistics from Recent Months January 2022 Okanagan Real Estate Stats December 2021 Okanagan Real Estate Stats November…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Fraser Valley Real Estate Stats Victoria Real Estate Stats Vancouver Real Estate Stats Statistics from Recent Months June 2023 Okanagan Real Estate Stats May 2023 Okanagan Real Estate Stats…
