Comox Valley Real Estate - March 2024

Comox Valley Real Estate - may 2025 update

Comox Valley statistics for April 2025:

  • The average sell price of a detached home in April was $927,300; this is down 2.1% from March and up 9.1% from a year ago.
  • There were 207 active detached home listings at the end of April. This is up 14% from last month (182 listings) and up 10% from a year ago (188 listings).     
  • A total of 82 detached homes sold in April; this is up 61% from March (51 sold) & up 24% from last year (66 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 in April 2025. The benchmark interest rate will remain at 2.75% due to the potential impacts of the global trade war on inflation. The next rate announcement is scheduled for June 4, 2025.  

To read press release, visit:  https://www.bankofcanada.ca/2025/04/fad-press-release-2025-04-16/

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 - summer operations start in june 2025!

The resort is now closed for winter alpine recreation as they prepare for the 2025 summer bike park season!

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

For bike park passes & 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.