Our market here in the Cowichan Valley continues to hold steady as we head into 2026, as did the Bank of Canada, holding it’s key interest rate at 2.25% in their latest announcement.

The winter market here is beginning it’s typical cool which is a great time to reflect and plan for the coming months. That said, there’s still plenty of activity with sales for single family homes up 6.73% over the last 12 months to date and Average sale price continuing a slow but steady trend, up 2.71% over the same period. Listings were up this past November over those reported in November 2024 but down 7.21% overall in the last 12 months to date.

In that same period, Condos saw a 13.10% increase in units listed, a 5.71% drop in sales and prices were down a minor 0.43%. Townhome listings increased 3.99%, sales dropped 4.03% and the average sale price dropped slightly, down 1.54%. New listings for Land were down 11.88%, sales were down 29.27 and prices were up 7.94%

According to the Vancouver Island Real Estate Board’s latest report, sales for all types of real estate throughout the board area were down 8% from a year ago while listings were up 5% from the previous year. The board wide benchmark price for a single-family home thru November was $779,200. Up 2%. Here in the Cowichan Valley, our benchmark was $766,800, not far off the VIREB benchmark and up 2% over November 20024.

Get more information 👉 check out the latest VIREB media release Here