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REAL ESTATE MARKET SNAPSHOT |
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BCREA’s Housing Market Update for April 2025 reports a decline in home sales across British Columbia, down 9.6% thru March. At the same time, the inventory of available homes reached its highest level since 2015 (seasonally adjusted). While the market remains mostly balanced across BC there is significant variation, and our Island market continues to perform well. |
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In contrast, lower mainland markets experienced a more challenging 1st quarter. Average sale price through March was down around 5% across BC but again, our market here on the Island (along with Northern BC and the Kootenay area) was up.
Taking a closer look at our local Cowichan Valley market conditions for April 2025 over April 2024, the Vancouver Island Real Estate Board (VIREB) reported both the Average Sale Price and Number of Sales for Single Family Homes were up while new listings were down. Numbers varied across other types of Real Estate.
SINGLE FAMILY Sales +3.28%, Average Sale Price +1.61% & New Listings -16.88%
CONDOS
Sales -54.55%, Average Sale Price +0.67% & New Listings -31.82%
TOWNHOMES Sales -10.00%, Average Sale Price -0.80% & New Listings -25.81%
LAND Sales -28.57%, Average Sale Price –22.66% & New Listings +36.84%
Learn more about market conditions here on Vancouver Island & across BC here: 👉https://vireb.com/market-report and watch BCREA's April Update👇 |
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THINKING ABOUT BUYING OR REFINANCING? Here's Why it's Worth a Call to Your Local, Cowichan Valley Mortgage Broker: |
Whether you're a first-time buyer, moving up, downsizing, or just trying to make the most of your current home, Janette Roch and her Cowichan Valley Team will have solutions that might surprise you. | ✔️ First-Time Buyer? Let’s Unlock Every Advantage!
- 5% down options - Down payments can come from savings, gifts or even borrowed!
- The First Home Savings Account (FHSA) - save $8,000 per year to a lifetime limit of $40,000 tax free
- RRSP Home Buyers’ Plan (HBP) - now $60K can be taken from your RSPs, without tax implications
- Tax credits and property transfer tax exemptions- let’s walk thru these together and build a plan that works for your budget.
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🧱 30-Year Amortizations Are Now Available with Lower Down payments If you’re a first-time buyer, returning to the market after 4+ years, or purchasing a new build, you may qualify for a 30-year amortization with as little as 5% down – increasing your borrowing power and making monthly payments more manageable.
💔 Going Through a Marital Split? I know this can be a tough transition. We can help you refinance up to 90% of your home’s value for a spousal buyout or we can support you with new financing with as little as 5% down and a 30-year amortization, if you find yourself purchasing again.
🏰Looking to Add or Buy a Home with a a Suite? - We can refinance your current mortgage as high as 90% to help fund the cost of building a rental suite, or
- If you’re buying a home with a suite (even if it isn’t built yet), some lenders will use projected rental income to help you qualify
💵Self-Employed? Don't Let Being Your Own Boss Stop you From Buying a Home If you’ve got solid credit and a 1–2 year track record of managing your finances, we may be able to get you approved with as little as 10% down—even without traditional income docs.
💳 Carrying High-Interest Debt? If you’re a homeowner juggling credit cards or other high interest loans, refinancing could help you get ahead. A quick, no-pressure chat can show you what's possible. This is my expertise!
🔄️ Buying Before You Sell? I can offer you various Bridge Financing Options to help you buy your next home before your current one sells. It's a great option if you’ve found the perfect place and don’t want to miss out while your home is still on the market.
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🚫 Been Turned Down Before? A mortgage decline isn’t the end of the road. I’ll work with you to understand the “why” and help map out a plan forward—whether that’s now, or a little down the road.
💬No Pressure, Just Answers! Whether you're months away from buying or just exploring your options, it’s never too early to reach out. Janette and her team are standing by to help you understand what’s possible -- reach out anytime. |
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Next Bank of Canada Decision: June 4, 2025 |
Rates & Info Courtesy of Janette Roch at Dominion Lending Get in touch with her today to explore your mortgage options! |
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UPCOMING EVENTS Mark your calendars!
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💐MOTHERS DAY - MAY 11 👑VICTORIA DAY - MAY 19
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May 10 Starts at 8:00am | Kids! Make Mom a Hanging Basket!
Get your hands dirty putting together a flower basket for Mom. Space & quantity limited. Under 16 years old. $5.00/ea. RSVP to book your spot: 250-748-8171
Buckerfields 5410 Trans Canada Duncan |
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May 24 9:00am-2:00pm | Bottle Drive
Raising money for ongoing vet bills for the throwaway and forgotten cats of the Cowichan Valley. Drop of Donations at
Island Return It Recycling Centre
6476 Norcross Rd Duncan |
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May 24 2:00-5:00PM | Crofton Family Spring Carnival
Free Crofton Family Fun! Inflatables, carnival games, prizes, free food, snacks, win a gift basket, Crofton firetruck & much more! It’s going to be a great family event!
1586 Joan Ave Crofton |
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May 28 4:00-8:00PM | Chemainus Elementary Spring Carnival
Chemainus Elementary School Spring Carnival is back! All-ages family fun, food, games, music, raffles, yummy treats, prizes and so much more!
3172 Garner St Chemainus |
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Highlights from April 2025 |
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These gals celebrated some major milestones in April! |
A big 5-0 and big 4-0 for these lovely ladies! The perfect excuse to head over to the Cook & Bucher in beautiful Cowichan Bay for a Birthday lunch celebration. I know, they're aging far too well, right!?😉🥰 | 🎂🎂🎂 |
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 | 8054 Bertha St,
Crofton Family home with 2 bedroom suite and ocean views, just a short walk from the Crofton Seawalk. |
| 997429 |
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 | #3-232 North Shore Rd
Lake Cowichan Year-round living or home away from home, own your own lot in this lakeside development! |
| 996811 |
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 | 7420 Nantree Rd
Youbou Picturesque 4bdrm, 3 bath family home with a park-like 2.5 level acres, pond & lake access just steps away! |
| 995173 |
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 | 7777 Sunset Dr
Youbou Magical home & 0.32 acre property tucked away on a no thru road, only steps from lake access. |
| 993514 |
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 | 28-3205 Gibbins Rd
Duncan Meticulously kept 3bd, 2 bath home at "Park Estates". Low strata fee! Move in ready! |
| 994988 |
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 | 1218 Viewtop Rd
Duncan Simply stunning, inside & out! Elevated lake views, self contained suite & so much more! |
| 996185 |
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THINKING OF MAKING A MOVE? LET'S CHAT! |
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 | ALLY EARLE * PREC
Team Leader, Associate Broker & Real Estate Professional *denotes Personal Real Estate Corporation |
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JEN PIKE Team Member Real Estate Professional
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 | JENNEY MASSEY
Team Member Real Estate Professional
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Reach out Today! Let us help make your Real Estate Goals a reality! |
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250-710-3181 |  |
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Pemberton Holmes Real Estate
