Average rents in B.C. fell 5.7 per cent in the second quarter of 2026, one of the steepest declines in Canada, according to a new report from Rentals.ca and Urbanation.
The Vancouver Island Real Estate Board (VIREB) recorded ten per cent more sales in July compared to the same month last year. According to the most recent market report, there were 806 unit sales across all property types on the Island in July and year-over-year active listings were up one per cent, with 4,512 units listed. VIREB chair Olivier Naud says the island’s market is at the top end of balanced, with about six months of inventory.
