Vancouver Island Condos Market Report

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Current Vancouver Island Condo Data

Vancouver Island Condos Market Report

Track current condo market conditions across Vancouver Island north of the Malahat, including asking-price ranges, price per square foot, days on market and active inventory for apartment-style condos and strata suites listed through the Vancouver Island Real Estate Board. The figures below are generated from current MLS® data and update as suites are listed, sold or repriced.

Island condo market caution: Condo inventory on the Island runs from compact one-bedroom suites in Nanaimo and Port Alberni to new waterfront and golf-resort condos in Nanoose Bay, Parksville and the Comox Valley, so the overall average moves with where and what happens to be listed. Fractional-ownership resort suites in Courtenay and Parksville, listed for a few tens of thousands of dollars per share, also pull the average and the low end of the range down. Read these figures as a snapshot of the active market, then compare within one community and one building type.
Condos for sale on Vancouver Island
Vancouver Island Condo Market Apartment condos and strata suites from the Cowichan Valley to Campbell River and the west coast
How to Read the Numbers

Understanding Vancouver Island Condo Market Data

An Island-wide condo report blends several local markets with different buyer pools, building ages and strata types. The statistics are most useful once you know what is driving them.

01

Nanaimo Sets the Pace

Nanaimo has the largest condo market north of the Malahat, often around a third of the Island's active condo listings, with older low-rise buildings in the Old City and Brechin Hill, newer buildings downtown and along the waterfront, and suites in North Nanaimo near Woodgrove. Its volume means Nanaimo listings weigh heavily in any Island-wide average.

02

Resort, Golf and 55+ Suites

Parksville, Qualicum Beach, Nanoose Bay and the Comox Valley add waterfront resort condos, golf-course suites and age-restricted buildings aimed at retirees. These trade on amenities and setting rather than size, which stretches the price-per-square-foot range in both directions.

03

Strata Fees and Depreciation Reports

Fees vary widely between a small self-managed building and a resort strata with pools and rental management. Review the depreciation report, contingency fund, bylaws on pets, age and short-term rentals, and any pending special levies before comparing two suites on price alone.

04

Active Listings, Not Sold Prices

These statistics describe current asking prices and days on market, not sold values. Valuing a specific property takes recent comparable sales in the same community and adjustments for that property.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
158 Promenade Dr Unit ##311 2 2 1,331 $749,900 $563 0 days
6728 Dickinson Rd Unit ##301 2 2 1,232 $549,900 $446 0 days
3529 Dolphin Dr Unit ##403 2 2 1,436 $1,159,000 $807 1 day
399 Wembley Rd Unit ##205 2 2 1,162 $529,900 $456 1 day
3800 Burde St Unit ##102C 3 2 1,127 $469,000 $416 1 day
770 Poplar St Unit ##204 3 2 1,140 $449,900 $394 1 day
1600 Stroulger Rd Unit ##217 2 2 1,209 $595,000 $492 1 day
5170 Angus St Unit ##304 1 1 726 $259,000 $356 2 days
18 King George St Unit ##110 3 1 1,074 $333,000 $310 4 days
2562 Departure Bay Rd Unit ##508 2 1 949 $374,900 $395 4 days
330 Dogwood St Unit ##228 2 1 1,013 $629,000 $620 4 days
596 Marine Dr Unit ##315 1 1 828 $589,000 $711 10 days
3108 Barons Rd Unit ##509 2 1 722 $285,000 $394 6 days
1280 Alpine Rd Unit ##111 3 2 997 $599,900 $601 6 days
175 Centennial Dr Unit ##407 2 1 875 $280,000 $320 6 days
1600 Dufferin Cres Unit ##419 1 1 692 $269,900 $390 6 days
3529 Dolphin Dr Unit ##407 1 1 770 $509,000 $661 5 days
536 Island S Hwy Unit ##404 2 2 1,227 $619,900 $505 9 days
1600 Caspers Way Unit ##101 2 1 723 $299,900 $414 6 days
123 Back Rd Unit ##203 2 1 916 $283,900 $309 6 days
399 Wembley Rd Unit ##107 1 2 1,184 $549,995 $464 6 days
1002 Peninsula Rd Unit ##19 1 1 550 $490,000 $890 6 days
1320 Henry Rd Unit ##108 3 2 1,072 $449,900 $419 6 days
27 Island S Hwy Unit ##1401 2 2 1,089 $650,000 $596 6 days
2300 Mansfield Dr Unit ##322 1 2 851 $479,900 $563 7 days
175 Centennial Dr Unit ##107 2 1 886 $279,900 $315 7 days
6715 Dover Rd Unit ##101 3 2 1,098 $424,900 $386 7 days
4728 Uplands Dr Unit ##209 2 1 814 $227,000 $278 8 days
828 Washington Way Unit ##C 3 2 1,504 $495,000 $329 8 days
1620 Townsite Rd Unit ##204 2 2 944 $425,000 $450 8 days
787 Tyee Rd Unit ##203 1 1 552 $420,000 $760 9 days
777 Herald St Unit ##2405 3 2 1,251 $1,437,000 $1,148 8 days
3666 Royal Vista Way Unit ##341 3 4 3,498 $1,565,000 $447 8 days
255 Hirst W Ave Unit ##202 2 1 868 $389,900 $449 9 days
350 Alder Cres Unit ##113 3 1 1,137 $192,000 $168 9 days
335 Hirst W Ave Unit ##106 3 2 1,436 $499,900 $348 9 days
129 Back Rd Unit ##303 2 2 1,003 $410,000 $408 9 days
194 Beachside Dr Unit ##606 1 1 602 $395,000 $656 9 days
380 Brae Rd Unit ##207 1 1 660 $250,000 $378 9 days
611 Macmillan Dr Unit ##107 2 1 728 $140,000 $192 13 days
220 Island W Hwy Unit ##405 2 2 1,394 $520,000 $373 11 days
1280 Alpine Rd Unit ##303 3 2 1,008 $639,000 $633 12 days
2740 Island S Hwy Unit ##108 2 1 923 $329,000 $356 12 days
2740 Island Hwy Unit ##205 2 1 934 $324,000 $346 12 days
4971 Songbird Pl Unit ##205 2 2 811 $375,000 $462 12 days
1201 Henry Rd Unit ##502 3 2 1,042 $499,000 $478 12 days
555 Franklyn St Unit ##115 1 2 863 $439,000 $508 13 days
523 Island Hwy Unit ##13 3 2 1,688 $729,900 $432 13 days
1175 Resort Dr Unit ##224 3 3 1,195 $55,000 $46 13 days
266 Hirst Ave Unit ##304 2 1 918 $328,000 $357 13 days
Average: 1.9 1.6 1,038 $469,121 $456 76 days
Viewing 1 - 50 of 381
Viewing 1 - 50 of 381

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