INFOGRAPHICS: August 2025 VIREB Vancouver Island Market Reports

MARKET SLOWER THAN IN JULY BUT STILL AHEAD OF LAST YEAR

The Vancouver Island Real Estate Board (VIREB) recorded 692 unit sales (all property types) in August 2025, up six per cent from one year ago. Year-over-year active listings (all property types) were 4,405, down three per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 339 homes sold in August, up three per cent from one year ago and down 19 per cent from July. Sales of condo apartments last month came in at 74, an increase of nine per cent year over year and up four per cent from July. In the row/townhouse category, 72 units changed hands in August, up four per cent from one year ago and down 24 per cent from July.

Active listings of single-family homes were 1,424 last month compared to 1,564 in August 2024. VIREB’s inventory of condo apartments was 396 in August, down from the 437 listings posted one year ago. There were 355 row/townhouses for sale last month compared to 364 in August 2024. VIREB Chair Olivier Naud notes that VIREB’s housing market is in the mid-range of balanced, with approximately six months of inventory.

“August was slower than July, but that’s typical with back to school on the horizon,” says Naud. “However, sales were up from the previous August, and our market is proving to be resilient. There is pent-up demand but still some hesitancy that we attribute to ongoing tariff concerns.”

Read the full report on VIREB website!

The following data is a comparison between August 2025 and August 2024 numbers, and is current as of September of 2025. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.