Vancouver Island Real Estate Market Update – July 2025 Comox Valley & Campbell River Focus The July 2025 real estate market across the Comox Valley and Campbell River area is showing signs of quiet resilience in contrast to many major Canadian cities. According to the Vancouver Island Real Estate Board (VIREB), home prices in both regions dipped only slightly month-over-month—a soft correction rather than a slide. At the same time, sales volume has ticked upward, suggesting buyer confidence remains intact, especially for well-priced and move-in-ready properties. This diverges from broader trends across the country. CREA's national statistics show a cooling effect in large urban centres like Vancouver, Toronto, and Montreal, where higher interest rates and affordability concerns are sidelining buyers. However, smaller communities like ours appear to be punching above their weight, buoyed by lifestyle migration, relative affordability, and strong local demand. So—is now a good time to buy? Yes, for many buyers it is. While interest rates remain a hurdle, the recent increase in inventory and modest price adjustments mean more options without the bidding wars of years past. For long-term investors or lifestyle buyers seeking quality of life on Vancouver Island, this market offers opportunity without the intensity of a red-hot market. In summary: the market here isn’t booming, but it’s healthy, active, and balanced, with more momentum than much of the rest of Canada. Heather Clifford eXp Realty Comox Valley and Campbell River