The Vancouver Island real estate market saw 10 per cent fewer sales in January compared with the same month last year, the Vancouver Island Real Estate Board said.
Across the island, 388 housing units changed hands last month. Active listings were up six per cent from a year earlier, at 3,157 listings.
Single-family home sales were down 19 per cent from a year ago and 25 per cent from December 2025, with 162 sales in January and 895 listings in that category.
Condo sales rose 15 per cent year-over-year and 43 per cent from December, with 53 sales and 310 listings. Townhome sales were up 28 per cent, with 55 units sold of 277 on the market.
“The market got off to a slower start in January on the single-family side, but that was offset by strong activity in condo apartments and row/townhouses,” said Jason Yochim, chief executive officer of the Vancouver Island Real Estate Board. “Looking ahead, the overall forecast suggests a year that closely resembles 2025 in terms of sales, which points to a relatively stable market.”
The benchmark price for a single-family home on the island fell one per cent from December and increased one per cent year-over-year, to $768,900.
The benchmark price for a condo was $402,700, up three per cent year-over-year.
