The Top Most Affordable Communities in the Surrounding Islands for August 2025

by Jason Anson

The Top Most Affordable Communities in the Islands for August 2025. If you are value focused, the ranked list below shows the lowest average prices for single-family detached homes (not acreage or waterfront) in August 2025, how they are trending, and how each community compares across the zone.

Islands Breakdown by Single Family Detached (Not Acreage or Waterfront) for August 2025

# Community Average Price (12 Months) Year-over-Year Year to Date Change
#1 Alert Bay $275,000 -21.99% -25.68%
#2 Cortes Island $580,000 N/A N/A
#3 Denman Island $696,500 +5.13% N/A
#4 Quadra Island $729,333 +0.26% +11.41%
#5 Gabriola Island $901,510 +5.38% +12.21%
#6 Hornby Island N/A N/A N/A
#7 Lasqueti Island N/A N/A N/A
#8 Read Island N/A N/A N/A

Leading for affordability, Alert Bay averages $275,000 and remains well below last year on both comparisons. Cortes Island follows at $580,000 with a stable 12-month view. Denman Island sits next at $696,500 and shows a modest rise year over year.

In the mid range, Quadra Island comes in at $729,333 with a small annual gain and a double-digit lift year to date. At the higher end of the Islands set, Gabriola Island averages $901,510 with solid annual and year-to-date momentum.

Hornby Island, Lasqueti Island and Read Island reported no qualifying single-family detached sales in the current periods, so averages and changes are shown as N/A. Treat N/A as a data gap rather than a pricing signal.

Source: Vancouver Island Real Estate Board

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You have reached the end of this article, but the story of Vancouver Island real estate does not stop here. I have lived on the island for more than 30 years and have seen how communities grow, shift, and adapt to changing demand. In my professional work I focus on proving actual market value with market movement data, helping both buyers and sellers understand where they fit in today’s market. Use these guides to explore regional areas and continue learning how housing, lifestyle, and community trends connect across the island at Living on Vancouver Island.