Feb 16, 2018

Vancouver Island Real Estate Stats for January 2018

VIREB has released its monthly report on the current state of the real estate market on Vancouver Island.

Here are a few of the highlights:

  • “Coming off the busiest December on record, sales in the VIREB area returned to seasonally normal
    levels in January.”
  • “The British Columbia Real Estate Association (BCREA) notes that the housing market in B.C. is still thriving due to
    the province’s strong economy.”
  • “Don McClintock, 2018 VIREB President, reports that the VIREB area remains a sellers’ market.”
Single-Family  Apartment Townhouse
Benchmark price $471,200 $288,400 $376,200
Increase (previous year) 17% 27% 25%

Read the full report here.