INFOGRAPHICS: January 2026 VIREB Vancouver Island Market Reports

MULTI-FAMILY MOMENTUM BALANCES SLOWER SINGLE-FAMILY SALES

The Vancouver Island Real Estate Board (VIREB) recorded 388 unit sales (all property types) in January 2026, down 10 per cent from one year ago. Year-over-year active listings (all property types) were 3,157, up six per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 162 homes sold in January 2026, down 19 per cent from one year ago and 25 per cent from December 2025. Sales of condo apartments last month came in at 53, increasing by 15 per cent year over year and 43 per cent from December.

In the row/townhouse category, 55 units changed hands in January, up 28 per cent from one year ago and 17
per cent from December. Active listings of single-family homes were 895 in January, up from 888 one year ago. VIREB’s inventory of condo apartments was 310 last month, an increase from the 293 properties listed in January 2025.

There were 277 row/townhouses for sale last month compared to 219 the previous year. “The market got off to a slow start in January on the single-family side, but that was offset by strong activity in condo apartments and row/townhouses,” says Jason Yochim, VIREB Chief Executive Officer. “Looking ahead, the overall forecast suggests a year that closely resembles 2025 in terms of sales, which points to a relatively stable market.”

Read the full report on VIREB website!

The following data is a comparison between January 2026 and January 2025 numbers, and is current as of February 2026. Click here to check out last month’s infographics.

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

Download Printable Version – January 2026 VIREB Market Report

Last Updated on February 7, 2026 by myRealPage