Track current townhome market conditions across Vancouver Island north of the Malahat, including asking-price ranges, price per square foot, days on market and active inventory for townhouses, row homes and patio homes listed through the Vancouver Island Real Estate Board. The figures below are generated from current MLS® data and update as homes are listed, sold or repriced.
Island townhome market caution: Townhome listings on the Island include everything from older two-storey row units in Nanaimo and Campbell River to new rancher-style patio homes in Parksville, Qualicum Beach and Courtenay, many of them in 55+ communities, so the average reflects the current mix of age, size and location as much as market direction. Compare within one community and one home style for a useful read.
Vancouver Island Townhome Market Townhouses, row homes and patio homes across the Island's mid-sized communities
How to Read the Numbers
Understanding Vancouver Island Townhome Market Data
Townhomes are the Island's middle market, and the mix of family row homes and downsizer patio homes shapes every figure in this report.
01
Patio Homes Are a Big Share
Single-level patio homes and ranchers, often in bare-land stratas, are a signature of the Oceanside and Comox Valley markets. Demand from downsizers means they often list for more per square foot than a two-storey family townhouse of the same age.
02
Bare-Land vs Conventional Strata
Many Island townhome developments are bare-land stratas, where you own the lot under your home and the fees cover shared roads and services. Insurance, maintenance responsibilities and monthly fees differ from a conventional strata, which affects both carrying costs and value.
03
New Construction Skews the Figures
New townhouse projects in Nanaimo, Parksville, Courtenay and Campbell River list at a premium to resale, and a project releasing several units at once can lift the average price and the days-on-market figure together until the units are absorbed.
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.