Comox Valley Real Estate - March 2024

Comox Valley Real Estate - October 2025 update

Comox Valley statistics for September 2025:

  • The average sell price of a detached home in September was $866,300; this is unchanged from August and down 0.8% from a year ago.
  • There were 188 active detached home listings at the end of September. This is down 4.6% from last month (197 listings) and down 20% from a year ago (236 listings).     
  • A total of 60 detached homes sold in September; this is up 25% from August (48 sold) & up 46% from last year (41 sold).

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

Interest rate remains unchanged

Bank of Canada reduces Interest rate to 2.5%

The Bank of Canada announced an interest rate reduction by 25 basis points, from 2.75% to 2.5%, on September 17, 2025. The next rate announcement is scheduled for October 29, 2025.  

To read press release, visit:  https://www.bankofcanada.ca/2025/09/fad-press-release-2025-09-17/

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 - opens December 12, 2025 for winter fun!

The resort is now closed for Summer operations, they are busy getting ready for the winter season!

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

For more resort 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.