INFOGRAPHICS: February 2025 VIREB Vancouver Island Market Reports

UNCERTAINTY SURROUNDING TARIFFS HOLDING BACK BUYERS

The Vancouver Island Real Estate Board (VIREB) recorded 493 unit sales (all property types) in February 2025, the same as one year ago. Year-over-year active listings (all property types) rose by three per cent, climbing to 3,235 from 3,153 in February 2024.

In the single-family category (excluding acreage and waterfront), 239 homes sold in February, down four per cent from one year ago and up 17 per cent from the previous month. Sales of condo apartments last month came in at 60, an increase of 12 per cent year over year and up 30 per cent from January. In the row/townhouse category, 61 units changed hands in February, up five per cent from one year ago and increasing by 42 per cent over January.

Active listings of single-family homes were 975 last month, up from the 915 posted one year ago. VIREB’s inventory of condo apartments was 376 last month compared to 298 in February 2024. There were 245 row/townhouses for sale last month compared to 328 the previous year.

Read the full report on VIREB website!

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

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