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 percent, climbing to 3,235 from 3,153 in February 2024. In the single-family category (excluding acreage and waterfront), 239 homes so Read more →
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 percent, respectively. In the single-family category (excluding acreage and waterfront), 205 homes sold in January, up 36 percent from one year ago and down Read more →
BALANCED MARKET CONDITIONS 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 percent, respectively. In the single-family category (excluding acreage and waterfront), 267 homes sold in November, up 14 percent from one year a Read more →
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%, respectively. In the single-family category (excluding acreage and waterfront), 346 homes sold in October, up 45% from one year ago and eight p Read more →
SPRING MARKET ARRIVES IN THE FALL on VANCOUVER ISLAND 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 percent and 24 percent, respectively. In the single-family category (excluding acreage and waterfront), 320homes sold in September, up 22 percent from one yea Read more →
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 percent from one year ago and down eight percent from J Read more →
QUIET HOUSING MARKET CLOSES OUT JULY The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales board-wide and 4,559 active listings (all property types) on the MLS® System in July 2024. In the single-family category (excluding acreage and waterfront), 363 homes sold in July, down 11 percent from one year ago and up one percent from June. Sales of condo apartments l Read more →
WAITING IS THE THEME OF VIREB’S SUMMER HOUSING MARKET The Vancouver Island Real Estate Board (VIREB) recorded 737 unit sales boardwide (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 percent from one year ago and 12 percent from May. Sales of condo apartments last month came Read more →
More Inventory Benefits Both Buyers and Sellers The Vancouver Island Real Estate Board (VIREB) recorded 741 unit sales boardwide (all property types) in April 2024. In the single-family category (excluding acreage and waterfront), 376 homes sold in April, down two percent from one year ago and up 29 percent from the previous month. Sales of condo apartments last month came in at 75, dro Read more →
MARCH HOUSING MARKET CALMER THAN EXPECTED Last month, the Vancouver Island Real Estate Board (VIREB) recorded 655 unit sales board-wide (all property types). In the single-family category (excluding acreage and waterfront), 291 homes sold in March, down 22 per cent from one year ago and up 15 per cent from February 2024. Sales of condo apartments last month came in at 84, increasing by Read more →
FEBRUARY SEES SIGNIFICANT SALES INCREASE Last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 per cent from one year ago and 67 per cent from January 2024. Sales of condo apartments in February came in at 68, increasing by 11 per cent year over year and up 45 percent from the previous month. In the row/townhouse category, 59 units change Read more →
NORMAL JANUARY KICKS OFF 2024 WITH OPTIMISTIC OUTLOOK Last month, 152 single-family homes were sold in the Vancouver Island Real Estate Board (VIREB) area, down six percent from one year ago and up slightly from December 2023. Sales of condo apartments in January came in at 47, increasing by 12 percent year over year and up 21 percent from December. In the row/townhouse catego Read more →
Lacklustre December Closes Out 2023 The Vancouver Island Real Estate Board (VIREB) recorded 7,297 unit sales in 2023 compared to 11,045 in 2021 and 7,810 in 2022. High interest rates are primarily to blame for the weaker sales, as there was significant demand, but many buyers opted to wait for an anticipated 2024 rate cut. Last month, there were 151 sales of single-family homes in the Read more →
Housing Market Winding Down the Year End on a Slow Note Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two percent from last November and three percent from October. Sales of condo apartments in November came in at 56, increasing by four percent year over year and down seven percent from October. In the row/townhouse Read more →
INTEREST RATES TAKING A TOLL ON HOUSING MARKET Last month, there were 244 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, the same number as last October and down by eight percent from September 2023 (266). Sales of condo apartments in October came in at 60, increasing by 43 percent year over year and down 29 percent from September. In the row/townho Read more →
Quiet September Market Favours Buyers Last month, there were 266 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an 11 percent increase from one year ago (239) and down by 18 percent from August 2023 (324). Sales of condo apartments in September came in at 85, increasing by 63 percent year over year and the same number as in August. In the row/townho Read more →
Vancouver Island - Quiet Market Closes Out the Summer Last month, there were 324 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a seven percent increase from one year ago (304) and down by 21 percent from July 2023 (414). Sales of condo apartments in August came in at 85, increasing by 29 percent year over year but down 13 percent from the previous Read more →
STEADY SALES MAKE FOR A BUSIER-THAN-USUAL JULY Last month, there were 414 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a 41 percent increase from one year ago (294) and down by two percent from June 2023 (424). Sales of condo apartments in July came in at 98, increasing by 31 percent year over year but down 12 percent from the previous month. In t Read more →
BUSIER JUNE THAN EXPECTED DESPITE RATE HIKE Last month, there were 424 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, a five percent increase from one year ago (403) and up by 13 percent from May 2023 (488). Sales of condo apartments in June came in at 111, increasing by 39 percent year over year and 29 percent from the previous month. In the row/to Read more →
RETURN TO A MORE TRADITIONAL SPRING MARKET IS WELCOME Last month, there were 488 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, an eight percent increase from one year ago (450) and a 25 percent increase from April 2023 (391). Sales of condo apartments in May came in at 86, declining by seven percent year over year and increasing by 12 percent from Read more →
Pemberton Holmes Ltd. Duncan
23 Queens Road
Duncan, British Columbia
Independently Owned & Operated
