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Renanza Realty
Market

Vancouver Island real estate

Up-Island and the coast — Nanaimo, the Cowichan Valley, Oceanside, the Comox Valley and beyond.

Market snapshot

The Vancouver Island market right now

Vancouver Island currently has 3,793 active listings. Most homes for sale are priced between $325K and $1.70M, with a median around $740K. Detached houses make up the largest share of the market.

3,793
Active listings
3,793
For sale
$740K
Median list price
$325K–$1.70M
Typical range
$439
Median price / sq ft
59
Median days listed
230
New in last 7 days
1995
Median year built

Vancouver Island prices by bedrooms

BedroomsActive listingsMedian asking price
1145$370K
2771$525K
31,044$799K
4+1,125$1.05M

Across Vancouver Island, the most listings are in Nanaimo (773), Campbell River (282), Courtenay (260), Duncan (239), Port Alberni (233) and Powell River (209).

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

Buying a home in Vancouver Island

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

Vancouver Island real estate FAQs

How much does a home cost in Vancouver Island?

The median asking price for homes currently for sale in Vancouver Island is about $740,000, and most are listed between $325,000 and $1,695,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Vancouver Island right now?

There are 3,793 active listings on this page's search, 230 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Vancouver Island?

Median asking prices by bedroom count in Vancouver Island right now — 1 bedroom: about $370,000; 2 bedrooms: about $525,000; 3 bedrooms: about $799,000; 4+ bedrooms: about $1,050,000. Based on 3,085 active listings.

What is the price per square foot for homes in Vancouver Island?

The median asking price per square foot of living area is about $439 across homes currently listed in Vancouver Island. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Vancouver Island been on the market?

The typical active listing here first came on the market about 59 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 Vancouver Island?

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.

Areas we cover

Communities across Vancouver Island

Buying or selling in Vancouver Island?

Start with a local conversation.

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

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Thinking about your next move?

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