Real Estate Market Update September 2025 COMOX Valley & CAMPBELL River on Vancouver Island August 2025 stats from the Vancouver Island Real Estate Board paint a picture of steadiness with a seasonal slowdown. Across the Island, single-family home sales rose slightly year-over-year while dipping from July, with the Comox Valley benchmark now sitting at roughly $854,400 and Campbell River at about $702,700. Condo and townhouse sales saw modest annual gains, and overall inventory remains lower than last year, keeping us in a balanced market where neither buyers or sellers hold all the cards. Prices have inched up by 2–3% compared to 2024, but the market is moving at a measured pace—typical of late summer when many families are focused on vacations and back-to-school rather than house-hunting. Looking forward, the recent Bank of Canada rate cut is likely to nudge buyers off the fence, as lower borrowing costs improve affordability, especially for those eyeing variable mortgages. Locally, our buyers are still arriving from the Lower Mainland, Alberta, and other parts of Canada, while many sellers are downsizing, upgrading within the Valley, or cashing out to relocate off-island. Vancouver’s softer market continues to push migration this way, with affordability and lifestyle acting as strong magnets. With fall upon us, expect a modest pick-up in activity as motivated buyers re-engage, making this a smart time for sellers to position their homes competitively and capture fresh demand.
Heather Clifford
604-698-9855