MONTHLY STATISTICS UPDATE FOR OCTOBER 2025
Posted by Team Biberger on
OCTOBER 2025 MARKET UPDATE
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 649 unit sales (all property types) in October 2025, down nine per cent from one year ago. Year-over-year active listings (all property types) were 3,838, down four per cent from the previous year.
In the single-family category (excluding acreage and waterfront), 317 homes sold in October, down eight per cent from one year ago and up three per cent from September. Sales of condo apartments last month came in at 69, a decrease of 13 per cent year over year and up by 17 per cent from September. In the row/townhouse category, 78 units changed hands in October, down six per cent from one year ago and one per cent from September.
Active listings of single-family homes were 1,224 last month compared to 1,352 in October 2024. VIREB’s inventory of condo apartments was 362 in October, down from the 366 listings posted one year ago. There were 319 row/townhouses for sale last month compared to 299 in October 2024.
VIREB CEO Jason Yochim states that VIREB’s housing market remains balanced, with around six months of inventory. Balanced markets present excellent opportunities for buyers and sellers.
“Our local market continues to stand out for its stability and resilience, especially when compared to the Lower Mainland and Vancouver. It’s a healthy environment for both buyers and sellers, with some good opportunities on both sides,” says Yochim. “Prices are steady, and with the Bank of Canada’s recent rate cuts likely behind us for now, the environment feels more predictable and sustainable. As the federal budget is unveiled this week, we’ll be paying attention to any housing measures that could shape demand in the months ahead.”
Regardless of market conditions, connecting with a local REALTOR® can help you understand current market conditions and smooth the way to a successful real estate transaction.
For more information and full update, check out the following resources on REALTOR Link®.
OCTOBER 2025 Statistics Package
Our OCTOBER 2025 Market Update is provided above and available on YouTube; it summarizes our housing market in about two minutes.