Comox Valley Real Estate - March 2024

Comox Valley Real Estate - march 2025 update

Comox Valley statistics for February 2025:

  • The average sell price of a detached home in February was $856,800; this is down 8.6% from January and down 1.7% from a year ago.
  • There were 136 active detached home listings at the end of February. This is up 5.4% from last month (129 listings) and down 2.9% from a year ago (140 listings).     
  • A total of 37 detached homes sold in February; this is up 37% from January (27 sold) & up 2.8% from last year (36 sold).

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

Interest rate remains unchanged

Bank of Canada Interest Rate lowered to 2.75%

The Bank of Canada reduced its key interest rate by another 1/4% on March 12, 2025 from 3% to 2.75%.  This is the seventh consecutive rate drop and is good news for home Buyers, as it increases how much they can borrow. The next rate announcement is scheduled for April 16, 2025.  

To read press release, visit:  https://www.bankofcanada.ca/2025/03/fad-press-release-2025-03-12/

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 is Open daily!

The snow has been falling and Mount Washington has one of the largest snow bases in North America at almost 400cm!

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

For mountain web cams, tickets & information, please go to website:   mountwashington.ca

 

Powered by myRealPage.com
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.