Comox Valley Real Estate - March 2024

Comox Valley Real Estate - february 2025 update

Comox Valley statistics for January 2025:

  • The average sell price of a detached home in January was $937,600; this is up 3.2% from December and up 11% from a year ago.
  • There were 129 active detached home listings at the end of January. This is up 7.5% from last month (120 listings) and down 2.3% from a year ago (132 listings).     
  • A total of 27 detached homes sold in January; this is up 29% from last year.

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

Interest rate remains unchanged

Bank of Canada Interest Rate lowered to 3%

The Bank of Canada reduced its key interest rate by another 1/4% on January 29th, from 3.25% to 3%.  This is the sixth 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 March 12, 2025.  

To read press release, visit:   https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/

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 over 300cm!

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

 

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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.