Vancouver Island Real Estate Board

A total of 643 properties sold in the Victoria Real Estate Board region this April, 0.2 per cent more than the 642 properties sold in April 2025 and 11.1 per cent more than in March 2026. Sales of condominiums increased by 5.9 per cent from April 2025 with 198 units sold. Sales of single family homes decreased by 1.2 per cent from April 2025 with 331 sold. The Vancouver Island Real Estate Board (VIREB) recorded 683 unit sales (all property types) in April 2026, down 12 per cent from one year ago. Year-over-year active listings (all property types) were 4,256, up four per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 372 homes sold in April 2026, down six per cent from one year ago and an increase of 23 per cent from March 2026. Sales of condo apartments last month came in at 64, decreasing by 33 per cent year over year and down 11 per cent from March. In the row/townhouse category, 88 units changed hands in April, down one per cent from one year ago and up 24 per cent from March.

Active listings of single-family homes were 1,399 in April, up from 1,362 one year ago. VIREB’s inventory of condo apartments was 374 last month, down from the 410 properties listed in April 2025. There were 383 row/townhouses for sale last month compared to 331 the previous year.

“While the spring market is a little slow getting underway this year, activity picked up in the latter half of April,” said Jason Yochim, Chief Executive Officer. “We’re seeing signs that momentum is building, and that could translate into a busier May as more buyers re-engage.”

Yochim noted that despite broader economic uncertainty, Vancouver Island’s housing market continues to demonstrate resilience, with most property types remaining in balanced market conditions.

“Vancouver Island has historically been somewhat insulated from the sharper fluctuations seen in larger urban centres,” says Yochim. “Prices have remained relatively stable, and the region continues to attract strong interest, particularly from retirees, which helps support demand even as buyers take a more measured approach.”

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 $790,300 in April 2026, up slightly from one year ago and an increase of one per cent from March. In the apartment category, the benchmark price was $394,300 last month, down four per cent year over year and up one per cent from March. The benchmark price of a townhouse in April was $545,500, down one per cent from one year ago and two per cent higher than in March.

In Campbell River, the benchmark price of a single-family home was $687,800 last month, down one per cent from April 2025. The Comox Valley’s year-over-year benchmark price rose by one per cent to $869,800. In the Cowichan Valley, the benchmark price was $784,000, up one per cent from April 2025. Nanaimo’s year-over-year benchmark price dropped by two per cent to $815,600, while the Parksville Qualicum area saw its benchmark price increase by four per cent to $923,800. The cost of a benchmark single-family home in Port Alberni was $505,800, down three per cent from the previous year. For the North Island, the benchmark price of a single-family home decreased by five per cent to $429,300.