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JUNE 2025 Real Estate MARKET UPDATE Comox Valley & Campbell River Vancouver Island
Vancouver Island — Comox Valley and Campbell River —
May 2025 brought a steady, balanced market: VIREB recorded 781 unit sales, just 3% below last year, with active listings climbing about 5%, maintaining ~6 months’ inventory — a healthy equilibrium where neither buyers nor sellers dominate.
Campbell River’s single‑family benchmark hit $722,700 (up ~1% year‑over‑year), while Comox Valley homes rose roughly 7% to around $887,600
(crea.ca)
It’s the kind of market where SELLERS NEED TO BE patience, Agents need great presentation of homes when buyers view, and local knowledge is key.
Zooming out, Canada’s housing scene in May was a tale of two coasts.
While national sales crept up 3.6% from April, they remained about 4.3% below last year’s pace; the average MLS® Home Price Index dipped slightly (-0.2% m/m, -3.5% y/y), and inventory settled around a balanced 4.9 months

. But not everywhere is mellow: Saskatchewan remains red‑hot—May saw ~1,750 home sales (down just 4.6% y/y but still 16% above its 10‑year average), benchmark prices soaring to $369,500 (up 8.5% y/y), and only ~2.9 months of supply—a fiercely seller‑favored market
saskatchewanrealtorsassociation.ca
Contrast that with Metro Vancouver’s Lower Mainland, where the real estate scene is flat‑lining: sales plunged ~18.5% y/y to just ~2,228 units in May, benchmark prices down nearly 3% y/y, and a flood of listings pushing it squarely into official buyers’‑market territory
nesto.ca
It’s a tough break for sellers there—but here on our Island, we’re riding that steady‑as‑she‑goes wave of balanced opportunity, framed by resilient smaller‑town charm and smart local positioning.

Heather Clifford
604-698-9855