Vancouver Island Real Estate Board

The Vancouver Island Real Estate Board (VIREB) recorded 782 unit sales (all property types) in June 2026, down eight per cent from one year ago. Year-over-year active listings (all property types) were 4,637, up two per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 413 homes sold in June 2026, down 12 per cent from one year ago and an increase of eight per cent from May 2026. Sales of condo apartments last month came in at 84, increasing by 11 per cent year over year and up six per cent from May. In the row/townhouse category, 90 units changed hands in June, down one per cent from one year ago and 20 per cent from May.

Active listings of single-family homes were 1,501 in June, down from 1,527 one year ago. VIREB’s inventory of condo apartments was 378 last month, down from the 394 properties listed in June 2025. There were 363 row/townhouses for sale last month compared to 365 the previous year.

“Consumer confidence appears to be affected by economic uncertainty, and many buyers seem to be taking a cautious, wait-and-see approach before making a decision to purchase,” said Jason Yochim, VIREB Chief Executive Officer.

Yochim noted that market activity across the VIREB area remains relatively flat but stable, with wellpriced properties continuing to garner interest. However, buyers are showing more price sensitivity at the higher end of the market, and homes priced above current market expectations are taking longer to sell.

“We’re still seeing activity on appropriately priced properties, including some multiple-offer situations,” says Yochim. “But buyers are being more measured, so sellers need to be realistic in today’s market. For buyers considering downsizing to a condominium, there are some good opportunities.”

Yochim added that no matter the market conditions, a local REALTOR® brings on-the-ground knowledge of their community, which can help clients make informed decisions when buying or selling a home.

Moving on to prices, the board-wide benchmark price (MLS® Home Price Index) of a single-family home was $790,800 in June 2026, down slightly from one year ago and a small dip from May. In the apartment category, the benchmark price was $408,000 last month, up one per cent year over year and a modest increase from May. The benchmark price of a townhouse in June was $549,400, down one per cent from one year ago and one per cent from May.

In Campbell River, the benchmark price of a single-family home was $680,900 last month, a slight uptick from June 2025. The Comox Valley’s year-over-year benchmark price dropped by one per cent to $864,500. In the Cowichan Valley, the benchmark price was $779,800, down slightly from June 2025. Nanaimo’s year-over-year benchmark price dropped by two per cent to $816,400, while the ParksvilleQualicum area saw its benchmark price increase by three per cent to $929,500. The cost of a benchmark single-family home in Port Alberni was $524,400, down one per cent from the previous year. For the North Island, the benchmark price of a single-family home increased by one per cent to $481,600.