MONTHLY STATISTICS UPDATE FOR JULY 2025
Posted by Team Biberger on
JULY 2025 MARKET UPDATE
NANAIMO, BC – The Vancouver Island Real Estate Board (VIREB) recorded 806 unit sales (all property types) in July 2025, up 10 per cent from one year ago. Year-over-year active listings (all property types) were 4,512, up one per cent from the previous year.
In the single-family category (excluding acreage and waterfront), 420 homes sold in July, up 16 per cent from one year ago and down 11 per cent from June. Sales of condo apartments last month came in at 71, a decrease of 17 per cent year over year and down eight per cent from June. In the row/townhouse category, 95 units changed hands in July, down three per cent from one year ago and an increase of two per cent from June.
Active listings of single-family homes were 1,483 last month compared to 1,596 in July 2024. VIREB’s inventory of condo apartments was 424 in July, down from the 455 listings posted one year ago. There were 354 row/townhouses for sale last month compared to 342 in July 2024.
VIREB Chair Olivier Naud notes that VIREB’s housing market is at the top end of balanced, with approximately six months of inventory.
“At the risk of sounding like a broken record, our housing market continues to show resilience despite the broader economic uncertainties caused by on-and-off tariffs,” says Naud. “Vancouver Island’s appeal isn’t diminishing, and our housing market remains attractive to potential buyers.”
Regardless of market conditions, connecting with a local REALTOR® can help smooth the way to a successful real estate transaction.
For more information and full update, check out the following resources on REALTOR Link®.
Our JULY 2025 Market Update is provided above and available on YouTube; it summarizes our housing market in about two minutes.
Please note: The Vancouver Island Real Estate Board (VIREB) transitioned to a new MLS® System in July 2020 and now uses a significantly different data model, which has affected our categories and terminology. For the boardsupplied graphs, single-family is now referred to as single-family detached, apartment as condo apartment, and townhouse as row/townhouse, which now includes patio homes. However, when reporting HPI numbers, VIREB still refers to single-family, apartment, and townhouse in the media release.