Courtesy of Mary-Ann Kennedy

BALANCED CONDITIONS DEFINE LOCAL HOUSING MARKET THIS FALL

PARKSVILLE-QUALICUM

$540,500 apartment UP 8.4% year-to-year

$920,700 detached UP 2.7% year-to-year

$635,900 townhouse DOWN 1.0% year-to-year

BENCHMARK PRICES

47 TOTAL SOLD LISTINGS

Nanaimo, BC - The Vancouver Island Real Estate Board (VIREB) recorded 649 unit sales (all property types) in October 2025, down nine per cent from one year ago. Year-over-year active listings (all property types) were 3,838, down four per cent from the previous year. Active listings of single-family homes were 1,224 last month compared to 1,352 in October 2024. VIREB’s inventory of condo apartments was 362 in October, down from the 366 listings posted one year ago. There were 319 row/townhouses for sale last month compared to 299 in October 2024. VIREB CEO Jason Yochim states that VIREB’s housing market remains balanced, with around six months of inventory. Balanced markets present excellent opportunities for buyers and sellers. “Our local market continues to stand out for its stability and resilience, especially when compared to the Lower Mainland and Vancouver. It’s a healthy environment for both buyers and sellers, with some good opportunities on both sides,” says Yochim. “Prices are steady, and with the Bank of Canada’s recent rate cuts likely behind us for now, the environment feels more predictable and sustainable. As the federal budget is unveiled this week, we’ll be paying attention to any housing measures that could shape demand in the months ahead.” Parksville-Qualicum area saw its benchmark price increase by three per cent to $920,700. Stats Reflective of October 2025 | Source: Vancouver Island Real Estate Board | Market values stated are of the benchmark of Parksville-Qualicum. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Call me with all your real estate needs and questions.

Mary-Ann Kennedy Real Estate Agent, REALTOR ® Office 250.248.4321 | Cell 250.616.2332 maryann@maryannkennedy.ca maryannkennedy.ca

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2025 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.