Vancouver Island Real Estate Board

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 4.5 at the end of the first quarter of 2026, up slightly from the 4.3 months recorded at the end of the first quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a more balanced market, homes spent less time on the market in the first quarter of 2026 than they had a year earlier.

The median number of days on market for sold single detached homes was 34 in the first quarter of 2026, down slightly from 35 days in the first quarter of 2025.


Townhouse

Months of inventory for townhouse and row units numbered 4.7 at the end of the first quarter of 2026, up slightly from the 4.3 months recorded at the end of the first quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, townhouse and row units spent more time on the market in the first quarter of 2026 than they had a year earlier.

The median number of days on market for sold townhouse and row units was 42 in the first quarter of 2026, up from 34 days in the first quarter of 2025.



Apartment Units

Months of inventory for apartment units numbered 5 at the end of the first quarter of 2026, up slightly from the 4.7 months recorded at the end of the first quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, apartment units spent more time on the market in the first quarter of 2026 than they had a year earlier.

The median number of days on market for sold apartment units was 60 in the first quarter of 2026, up from 41 days in the first quarter of 2025.



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