Real Estate Updates

The Latest From The Valley & The Island

September 2023 Market Update

Last month, there were 266 sales of single-family homes in the VIREB area, an eleven per cent increase from one year ago (239) and down by 18 per cent from August 2023 (324).

Sales of condo apartments in September came in at 85, increasing by 63 per cent year over year. In the row/townhouse category, 71 units changed hands last month, up 48 per cent from one year ago and down 8 per cent from August.

Active listings of single-family homes were 1,173 in September, down from 1,417 one year ago. VIREB’s inventory of condo apartments was 305 last month, down from 332 listings in September 2022. There were 239 row/townhouses for sale last month compared to 295 one year ago.

Benchmark prices increased slightly from last September, as noted below.

  • Single-family – $776,200 (up 2% y-o-y)
  • Apartment – $399,100 (up 1% y-o-y)
  • Townhouse – $556,400 (up 1% y-o-y)

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