INFOGRAPHICS: May 2026 VIREB Vancouver Island Market Reports

BUYERS CAUTIOUS, BUT WELL-PRICED HOMES ARE STILL MOVING

The Vancouver Island Real Estate Board (VIREB) recorded 768 unit sales (all property types) in May 2026, down one per cent from one year ago. Year-over-year active listings (all property types) were 4,585, up three per cent from the previous year.

In the single-family category (excluding acreage and waterfront), 384 homes sold in May 2026, down four per cent from one year ago and an increase of three per cent from April 2026. Sales of condo apartments last month came in at 79, increasing by 10 per cent year over year and 23 per cent from April. In the row/townhouse category, 113 units changed hands in May, up 33 per cent from one year ago and 28 per cent from April.

Active listings of single-family homes were 1,529 in May, down from 1,565 one year ago. VIREB’s inventory of condo apartments was 386 last month, down from the 399 properties listed in May 2025. There were 370 row/townhouses for sale last month compared to 346 the previous year.

“Consumer confidence has been affected by ongoing uncertainty, and many buyers appear to be taking a more cautious, wait-and-see approach before making a decision to purchase,” said Jason Yochim, VIREB Chief Executive Officer.

Read the full report on VIREB website!

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

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

Download Printable Version – May 2026 VIREB Market Report

Last Updated on June 8, 2026 by myRealPage