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Vancouver Island Home Values in August 2025 give buyers and sellers an important look at how the market is shifting across the region. Each month, local sales and listings data reveal whether conditions are leaning toward sellers, balancing out, or offering more opportunities for buyers. This report highlights the key movements you need to know before making your next move in the Vancouver Island real estate market.

Is Vancouver Island in a Buyers’, Sellers’ or Balanced Market?

Find out now in the table below. The Vancouver Island real estate market balance is determined using two main indicators. Sales-to-Active Ratio (SAR) is the percentage of active listings that sell in a month on Vancouver Island, excluding the Greater Victoria area. Months of Inventory (MOI) is the number of months it would take to sell all current listings at the present sales pace.

Sellers’ Market: homes are selling quickly and sellers have more leverage. Interpreted as SAR ≥ 20% (about one in five or more listings sells) or MOI ≤ 4 (four months of supply or less).

Balanced Market: supply and demand are roughly even. Interpreted as SAR 12–19% or MOI about 5–6 months of supply.

Buyers’ Market: buyers have more choice and stronger negotiating power. Interpreted as SAR ≤ 11% or MOI ≥ 7 months of supply. If no sales occur in a category, MOI shows as ∞.

When a badge shows an arrow (→), that segment is leaning toward the next category because it sits near a threshold.

By Property Type • Vancouver Island Home Values in August 2025

Property Type	Sales	Active	SAR	MOI	Market Type
Single Family — Not Acreage/Waterfront	339	1,424	23.8%	4.2	Sellers’ Market
Single Family — Acreage	64	467	13.7%	7.3	Balanced → Buyers’ Market
Single Family — Waterfront	34	275	12.4%	8.1	Balanced → Buyers’ Market
Single Family — Combined	423	2,042	20.7%	4.8	Sellers’ Market
Condo Apartment	74	396	18.7%	5.4	Balanced Market
Row/Townhouse	72	355	20.3%	4.9	Sellers’ Market
Half Duplex	16	99	16.2%	6.2	Balanced Market
Full Duplex	3	15	20.0%	5.0	Balanced → Sellers’ Market
Triplex	0	0	0.0%	∞	Buyers’ Market (no sales)
Quadruplex	1	6	16.7%	6.0	Balanced Market
Manufactured Home	45	196	23.0%	4.4	Sellers’ Market
Recreational	4	44	9.1%	11.0	Buyers’ Market
Land	26	664	3.9%	25.5	Buyers’ Market
Other	0	18	0.0%	∞	Buyers’ Market (no sales)
Notes: SAR means Sales divided by Active listings. MOI means Active listings divided by the month’s sales. The symbol ∞ appears when there were no sales in that category for the month. Figures shown are the current-month results for August 2025 and come from the Vancouver Island Real Estate Board (VIREB).

Market Insights: Vancouver Island in August 2025

Each month brings a different picture of supply and demand across Vancouver Island. Detached homes, acreages, and waterfront properties often move in different directions, while condos and townhomes provide distinct entry points for first-time buyers.

Open full VIREB long-form tables (Current Month • 12M-to-Date • YTD)

Source: Vancouver Island Real Estate Board — August 2025. SAR = Sales ÷ Active Listings. MOI = Active ÷ Sales (∞ if no sales). Current-month readings reflect August 2025 for the Board Area.

Top 5 Market Takeaways

Detached non-acreage homes continue to favour sellers with SAR near 24%.
Waterfront and acreage listings lean towards buyers due to higher MOI.
Condo apartments show balanced conditions after earlier volatility.
Recreational and land segments remain in buyers’ territory with limited absorption.
Overall Island conditions tilt towards sellers but vary by property type.

For broader monthly and yearly trends, explore the Vancouver Island real estate market page.

Compare Island trends with national and provincial reporting via CREA’s Canadian Housing Market Stats ↗ and the BCREA housing-market articles ↗.

Vancouver Island Home Values in August 2025 — FAQ

Which property types favour sellers, and which favour buyers this month?

Detached non-acreage and manufactured homes sit in sellers’ territory. Acreage and waterfront categories lean towards buyers, while condos, half duplexes, and quads are balanced. These labels are based on SAR and MOI shown in the table above.

What do SAR and MOI tell me in plain language?

Sales-to-Active Ratio (SAR) shows how fast listings are turning over in a month. Months of Inventory (MOI) estimates how long it would take to sell the current inventory at today’s pace. Higher SAR or lower MOI favours sellers; the reverse favours buyers.

Why does an arrow appear on some badges?

The arrow indicates the category is near a threshold and leaning toward the next market type based on the month’s SAR or MOI.

How should I use this report if I’m planning to sell or buy?

Use the property-type rows that match your situation and pair these readings with hyper-local comparables on your street or building. Market type signals leverage, but pricing still depends on condition, location, and recent sales nearby.