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.