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Renanza Realty
Market

Gulf Islands real estate

The southern Gulf Islands — Salt Spring, Pender, Galiano, Mayne and Saturna, plus Gabriola and Denman off the Island's east coast.

Market snapshot

The Gulf Islands market right now

Gulf Islands currently has 451 active listings. Most homes for sale are priced between $275K and $2.25M, with a median around $878K. Detached houses make up the largest share of the market.

451
Active listings
451
For sale
$878K
Median list price
$275K–$2.25M
Typical range
$596
Median price / sq ft
133
Median days listed
3
New in last 7 days
1992
Median year built

Gulf Islands prices by bedrooms

BedroomsActive listingsMedian asking price
124$619K
2104$825K
3102$1.12M
4+88$1.61M

Across Gulf Islands, the most listings are in Salt Spring (133), Gabriola Island (65), Pender Island (52), Quadra Island (30), Mayne Island (26) and Mudge Island (26).

Figures reflect current active MLS® listings and update as the market moves.

Buying a home in Gulf Islands

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Gulf Islands real estate FAQs

How much does a home cost in Gulf Islands?

The median asking price for homes currently for sale in Gulf Islands is about $878,000, and most are listed between $275,000 and $2,250,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Gulf Islands right now?

There are 451 active listings on this page's search, 3 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Gulf Islands?

Median asking prices by bedroom count in Gulf Islands right now — 1 bedroom: about $619,000; 2 bedrooms: about $825,000; 3 bedrooms: about $1,120,000; 4+ bedrooms: about $1,609,000. Based on 318 active listings.

What is the price per square foot for homes in Gulf Islands?

The median asking price per square foot of living area is about $596 across homes currently listed in Gulf Islands. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Gulf Islands been on the market?

The typical active listing here first came on the market about 133 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Gulf Islands?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Buying or selling in Gulf Islands?

Start with a local conversation.

A Renanza agent who knows Gulf Islands will walk you through what's happening in the market and what your options are.

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