Comox Valley Real Estate - March 2024

Comox Valley Real Estate - August 2025 update

Comox Valley statistics for July 2025:

  • The average sell price of a detached home in July was $888,700; this is down 4.3% from June and up 4.4% from a year ago.
  • There were 197 active detached home listings at the end of July. This is down 8.4% from last month (215 listings) and down 16% from a year ago (235 listings).     
  • A total of 71 detached homes sold in July; this is down 2.7% from June (73 sold) & up 27% from last year (56 sold).

For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 

Interest rate remains unchanged

Bank of Canada holds Interest rate steady at 2.75%

The Bank of Canada announced that there will be no interest rate reductions on July 30, 2025. The benchmark interest rate will remain at 2.75% due to uncertainty with potential impacts of the global trade war on inflation. The next rate announcement is scheduled for September 17, 2025.  

To read press release, visit:  https://www.bankofcanada.ca/2025/07/fad-press-release-2025-07-30/

To help understand and analyze how changes in interest rates affect your mortgage, please visit my mortgage calculator

Interest rate remains unchanged

zoning density amendments for municipalities

Recent provincial legislation regarding increased densification of communities came into effect on July 1st, 2025. This new zoning allows single family lots to have multiple dwellings.  For more information on these new regulations and the opportunities (and challenges) they offer, please contact me.

Mount Washington Ski Seaon

Mount Washington Alpine resort - open for summer fun!

The resort is now open for ZipTours, Bike Park and Hiking!

For real estate questions about buying or selling Mt Washington properties, please contact me. 

For more summer information, please go to website:   mountwashington.ca

 

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.