INFOGRAPHICS: May 2025 VIREB Vancouver Island Market Reports

BUYER OPTIMISM AND A BALANCED MARKET TREND IN MAY

TThe Vancouver Island Real Estate Board (VIREB) recorded 781 unit sales (all property types) in May 2025, down three per cent from one year ago. Year-over-year active listings (all property types) rose by five per cent, climbing to 4,439 from 4,242 the previous May.

In the single-family category (excluding acreage and waterfront), 409 homes sold in May, up one per cent from one year ago and an increase of two per cent from April. Sales of condo apartments last month came in at 74, a decrease of 19 per cent year over year and down 24 per cent from April.

In the row/townhouse category, 86 units changed hands in May, down 20 per cent from one year ago and a decrease of four per cent from April. Active listings of single-family homes were 1,565 last month compared to 1,433 in May 2024. VIREB’s inventory of condo apartments was 399 in May, one more than the 398 posted one year ago. There were 346 row/townhouses for sale last month compared to 375 in May 2024.

Read the full report on VIREB website!

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

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