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In January 2026, Vancouver Island real estate recorded 162 sales across all VIREB zones. Buyers currently hold the advantage, with inventory exceeding demand across most zones. Browse monthly VIREB reports below or jump to the latest data.
By Dallas King, RE/MAX Generation | Data source: Vancouver Island Real Estate Board
The Vancouver Island Real Estate Board (VIREB) covers mid and north Vancouver Island: Campbell River, Comox Valley, Cowichan Valley, Nanaimo, Parksville-Qualicum, Port Alberni and West Coast, and North Island. It does not cover Greater Victoria, which is served by the Victoria Real Estate Board (VREB).
The sales-to-active ratio divides total monthly sales by total active listings. Below 12% indicates a buyer's market, 12-20% a balanced market, and above 20% a seller's market. VIREB publishes this data monthly across all property types.
The MLS Home Price Index (HPI) benchmark price represents a "typical" home in a given area and property type. VIREB publishes board-wide benchmarks for Single Family, Condo, and Townhouse, plus area-level Single Family benchmarks for each of its seven zones.
The VREB covers Greater Victoria (south Vancouver Island) and publishes area-level benchmarks for all three property types across 17 districts. The VIREB covers mid and north island and publishes area-level SFH benchmarks for seven zones, with condo and townhouse data available board-wide only.
New reports are published monthly, typically within the first two weeks after the Vancouver Island Real Estate Board releases its official statistics. Each report covers the previous calendar month.