Vancouver Island Real Estate Board

Residential Activity


Residential sales activity in the Vancouver Island area slowed in the fourth quarter of 2023 compared to the fourth quarter of 2022.

Residential property sales numbered 1,277 units in the fourth quarter of 2023, edging down only 2.4% compared to the same quarter in 2022.

Sales slowed 10.9% for single detached homes, were up 18.5% for townhouse and row units, and were up 18.3% for apartment units compared to a year earlier in the fourth quarter.

Annually, residential property sales numbered 7,114 units in all of 2023. This was down 6.6% compared to the 7,618 units recorded in 2022.






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