INFOGRAPHICS: March 2025 VIREB Vancouver Island Market Reports

MARKET HOLDING STEADY IN BALANCED TERRITORY

The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales (all property types) in March 2025, down one per cent from one year ago. Year-over-year active listings (all property types) rose by six per cent, climbing to 3,708 from 3,488 the previous March.

In the single-family category (excluding acreage and waterfront), 301 homes sold in March, up four per cent from one year ago and an increase of 26 per cent from February. Sales of condo apartments last month came in at 87, an increase of nine per cent year over year and up 45 per cent from February. In the row/townhouse category, 74 units changed hands in March, down nine per cent from one year ago and up by 21 per cent over February.

Active listings of single-family homes were 1,162 last month compared to 1,084 in March 2024. VIREB’s inventory of condo apartments was 408 in March, up from the 324 posted one year ago. There were 317 row/townhouses for sale last month compared to 333 the previous year.

Read the full report on VIREB website!

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

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