August 2026 BC housing stats: BC sales down 4.7% YoY while Victoria bucked the trend with a 12.9% sales jump. Full breakdown of provincial, Victoria, and Vancouver Island/Cowichan Valley numbers
Cowichan Valley Real Estate Stats — August 2026
Dated: September 14 2026
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Full August 2026 VIREB stats for the Cowichan Valley: sales volume, average and median prices, and MLS HPI benchmark data by property type. Talk to a local REALTOR® today.
Cowichan Valley Real Estate Stats — August 2026
Straight from VIREB's August 2026 Monthly Statistics Package: here's the full data breakdown for Zone 3 – Cowichan Valley, with the numbers buyers and sellers need to make informed decisions.
Sales Volume — Zone 3 Cowichan Valley
| Metric | Aug 2026 | Jul 2026 | Aug 2025 | YoY % Change |
|---|---|---|---|---|
| Unit Sales (Single-Family) | 57 | 69 | 59 | -3.39% |
| Average Sale Price | $871,595 | $843,628 | $816,117 | +6.80% |
| Median Sale Price | $810,000 | — | — | — |
Sales volume is down slightly from both last month and last year, but average sale price is up nearly 7% year over year — a sign that pricing strength has held even as transaction count cools.
MLS® HPI Benchmark Prices by Property Type
| Property Type | Aug 2026 | 1 Month Ago | % Chg (MoM) | 12 Months Ago | % Chg (YoY) |
|---|---|---|---|---|---|
| Single-Family | $779,300 | $788,700 | -1.2% | $775,300 | +0.5% |
| Condo Apartment | $302,400 | $304,700 | -0.8% | $321,600 | -6.0% |
| Row/Townhouse | $520,500 | $520,500 | 0.0% | $527,600 | -1.3% |
Single-family detached remains the strongest-performing category in the Valley, up modestly year over year. Apartments have seen the sharpest pullback at -6.0% YoY — worth watching for value-focused condo buyers. Townhouses are flat month over month.
Board-Wide Context
For reference, VIREB's board-wide totals for August 2026:
- 651 total unit sales (all property types), down 4% YoY
- 4,498 active listings (all property types), up 2% YoY
- Board-wide single-family benchmark price: $788,100, down 1% from July
Compared to the board-wide average, the Cowichan Valley's single-family benchmark ($779,300) is running slightly below the Vancouver Island average, while its year-over-year sale price growth (+6.80%) is outperforming several neighbouring zones.
Market Takeaway
Slower sales volume paired with rising average and stable-to-rising benchmark prices points to a market where accurate pricing and strong presentation matter more than speed. Buyers have more selection and are taking their time; sellers who price correctly from the outset are still closing deals at solid numbers.
Thinking About Buying or Selling in the Cowichan Valley?
I track these numbers every month so my clients don't have to guess. If you want a straight-talk read on what your home is worth right now, or what your budget gets you in today's market, let's talk.
📞 Call or text: 778-400-0475
✉️ Email: mike@mikedoughty.ca
Mike Doughty, REALTOR® — RE/MAX Camosun
Source: Vancouver Island Real Estate Board (VIREB), August 2026 Monthly Statistics Package.
Mike Doughty
Mike Doughty, a fifth-generation Vancouver Islander, has been immersed in the island life since day one. Growing up in Port Alberni and Ucluelet, his roots run deep on the West Coast. Transitioning to....
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