{"id":64,"date":"2025-11-10T12:55:14","date_gmt":"2025-11-10T17:55:14","guid":{"rendered":"https:\/\/mitcheldoherty.ca\/blog\/?p=64"},"modified":"2025-11-24T14:05:29","modified_gmt":"2025-11-24T19:05:29","slug":"2025-vancouver-island-housing-forecast-from-qualicum-to-victoria","status":"publish","type":"post","link":"https:\/\/mitcheldoherty.ca\/blog\/2025-vancouver-island-housing-forecast-from-qualicum-to-victoria\/","title":{"rendered":"2025 Vancouver Island Housing Forecast: From Qualicum to Victoria"},"content":{"rendered":"\n

If you\u2019re thinking about buying or selling a home on Vancouver Island<\/a> anywhere from Qualicum Beach down to Victoria, the market is entering a period of moderation. This means after years of rapid price growth, things are finally starting to balance out.<\/p>\n\n\n\n

Interest Rates Are Slightly Lower<\/strong><\/h2>\n\n\n\n

The Bank of Canada<\/a> recently cut its policy rate to 2.25\u202fper cent, and 5-year fixed mortgage rates are now around 3.6 to 4.1\u202fper cent. This gives buyers some breathing room compared to last year, making it a bit more affordable to enter the market or move up.<\/p>\n\n\n\n

Inventory and Demand<\/strong><\/h2>\n\n\n\n

Inventory on the Island is slightly lower than last year, but not dramatically so. Vancouver Island Real Estate Board (VIREB) reports that active listings were down 3\u202fper cent compared to a year ago, while sales were up 6\u202fper cent. For single detached homes, the months of inventory sits around 5.2, slightly lower than last year\u2019s 6.0. Enough to keep prices stable but not skyrocketing.<\/p>\n\n\n\n

Price Trends<\/strong><\/h2>\n\n\n\n

In the Qualicum\u2011to\u2011Parksville area, the benchmark single-family home price is around $933,400, up about 3\u202fper cent from last year. Across the broader VIREB region, the median price for single detached homes is approximately $830,000. This suggests moderate growth, a far cry from the double-digit jumps seen in previous years.<\/p>\n\n\n\n

What\u2019s Likely Ahead<\/strong><\/h2>\n\n\n\n
    \n
  • Stable to modest price growth:<\/strong> Expect around 2 to 4 per cent increases over the next year, especially for desirable properties.
    <\/li>\n\n\n\n
  • Seller advantages in high-demand niches:<\/strong> Waterfront homes, luxury estates, and golf-course properties remain in short supply and should hold value.
    <\/li>\n\n\n\n
  • More balanced conditions for buyers:<\/strong> Family homes, townhomes, and condos may see more negotiation room, as supply is sufficient to give buyers options.
    <\/li>\n\n\n\n
  • Condos and townhomes may lag:<\/strong> Sales for apartments are down around 6\u202fper cent year-over-year, and inventory is rising. These properties could see slower price growth.
    <\/li>\n\n\n\n
  • Watch interest rates:<\/strong> Any sudden increases could dampen buyer demand, while stable or slightly lower rates may encourage activity.<\/li>\n<\/ul>\n\n\n\n

    The Bottom Line<\/strong><\/h2>\n\n\n\n

    For buyers, now could be a good time to explore the market. Inventory is moderate, and slightly lower rates mean more predictable payments. For sellers, especially in high-demand areas, pricing power remains strong. Overall, the market is shifting from a hot sellers\u2019 market to a balanced one, with opportunities for both sides.<\/p>\n\n\n\n

    Lifestyle factors will also play a big role: proximity to beaches, trails, amenities, and views can influence both value and demand. The Island\u2019s appeal to lifestyle and retirement buyers continues to support a healthy market.<\/p>\n\n\n\n

    In short, Vancouver Island housing from Qualicum to Victoria is entering a calmer, more sustainable phase. Prices aren\u2019t expected to skyrocket, but homes in the right locations will remain in demand, a welcome change for buyers and sellers alike.<\/p>\n\n\n\n

    If you\u2019re thinking about buying or selling a home in this region, contact me today. I can help guide you through the current market and make the process smooth and stress-free.<\/p>\n","protected":false},"excerpt":{"rendered":"

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