September 2025

September Newsletter
 

Monthly Newsletter

8 Sept 2025

REAL ESTATE MARKET SNAPSHOT

Things remain relatively balanced in our Cowichan Valley Market Area. The Average Sale Price for a single family home rose 0.90% over the last 12 months while the Number of Sales rose 21.28% & New listings dropped 3.27% in the same period.  Listing inventory for Town Homes and Bare Land also dropped 5.10% and 12.73% respectively while condo listings rose by 7.95%.

The effects of tariff threats are appearing to have more of a psychological rather than economic effect on Real Estate markets on Vancouver Island according to Oliver Naud, Chair of the Vancouver Island Real Estate Board. "So, despite our initial fears, there has actually been minimal impact on growth or inflation.” he remarked in VIREB's latest media release. Also noting "there is pent-up demand but still some hesitancy that we attribute to ongoing tariff concerns.”.


The Cowichan Valley benchmark price for a Single Family Home thru August 2025 was up two per cent over August 2024 at $769,900, matching the Vancouver Island Real Estate Board's board-wide benchmark . For a closer look at our stats for all types of real estate here in the Cowichan Valley, over the last 12 months to date: 


SINGLE FAMILY

Sales +21.28%, Average Sale Price +0.90% & New Listings -3.27%


CONDOS

Sales -18.02%, Average Sale Price -1.97% & New Listings +7.95%


TOWNHOMES

Sales +15.38%, Average Sale Price -0.89% & New Listings -5.10%


LAND

Sales -20.73%, Average Sale Price +3.31% & New Listings -12.73% 


Learn more about market conditions on Vancouver Island & across BC here:

👉https://vireb.com/market-report

 and watch BCREA's August Update👇

BCREA Housing Market Update (August 2025)st
MORTGAGE READINESS:
Four Key Steps to Strengthen Your Buying Power

September often feels like a fresh start, with kids back to school, and routines settling in. It’s also a great time to get organized financially. If buying your first home, upsizing, or downsizing is on your horizon, a little preparation now can make the mortgage process smoother and open up your options. Here are four areas to think about:

1. Down Payment – Whether it comes from savings, a gift, or borrowed funds, the minimum in Canada starts at 5%. Aiming for 20% or more can help you avoid mortgage insurance and reduce your monthly payments. If you can’t reach that level, every little bit still counts. We’ll walk you through your options and show how your down payment can shape what’s possible.

 

2. Credit Health – A score above 680 opens more doors. Pay bills on time, keep balances low, and avoid new debt before applying. Not sure where you stand? We can review your credit and give tips to strengthen your profile.

 

3. Employment Stability – Lenders typically like to see at least two years of steady income in the same field. Thinking about changing jobs or moving into self-employment? Let’s talk about how it may affect your approval and plan ahead. We regularly work with self-employed clients and those with unique income situations to find solutions that fit.

 

4. Payment Comfort – Having a clear sense of what you’re comfortable paying each month is key to buying with confidence. Beyond the mortgage payment, factor in property taxes, strata fees, insurance, and maintenance. Knowing your true monthly costs helps you avoid surprises, and we can run the numbers with you so you shop within a comfortable range.


At the Roch Star Mortgage Team, we work with banks, credit unions, and mortgage finance companies to find the best fit for your goals. If you’re planning a move in the next 6–12 months, now is the perfect time to reach out. We’d love to help you get fully mortgage-ready.

Next Bank of Canada Decision: September 17, 2025 

Rates & Info Courtesy of Roch Star Mortgage Team at Dominion Lending

Get in touch with her today to explore your mortgage options!

Janette Roch

UPCOMING EVENTS

Mark your calendars!


September 12th -14th

157th Annual Cowichan Exhibition Fall Fair! 

3 days - 100s of exhibitors, food, entertainment, livestock, displays, games, rides - too much to see and do to list here!  Get more info and advanced tickets at 

cowex.ca/the-fair

Cowichan Exhibition Grounds

7380 Trans Canada Hwy

Duncan

Sat, September 20th

2pm-8pm

Ladysmith Oktoberfest

Come enjoy island beers, delicious food and great local music at the 3rd Annual Ladysmith Oktoberfest.


Highstreet Ball Field

Ladysmith

Sun, September 14

11:00-1:00

Celebrate World Clean Up Day by joining the Cowichan Lake & River Stewardship Society and the Town of Lake Cowichan's "Street to Stream Litter Pick Up"

 

Saywell Park

Lake Cowichan

Highlights from August 2025


Ally Makes the list!

 

🥳 Super proud of our Ally Earle making Pemberton Homes Top Sales Leaders for August list! 👏


We're not at all surprised however, this woman hustles!💪 And of course, she's backed by a great team🙏

FEATURED PROPERTIES

1108 Bazett Road

Duncan

 Beautifully updated 5-bdrm + den, 3 bath, 2,224 sq. ft. home, meticulously renovated throughout!

1011153

56 Prospect Ave

Lake Cowichan

4 bdrms + Den, 2 baths, 3,000 sq.ft & in-law suite potential in this unique Riverfront home!

1010666

34-9041 Meades Crk Rd

Lake Cowichan

Affordable 3-bdrm + den, 2-bath 1,160 sq. ft. mobile home with lake access in a peaceful natural setting.

1011929

1091 Prevost Road

Duncan

Totally updated 3 bedroom, 2 bathroom rancher on a fenced corner lot!

1002665

307-535 Heatherdale Ln

West Saanich

Bright & spacious 2-bdrm, 2-bath, 1,170 sq.ft. open concept corner unit at Heatherdale Estates!

1011911

6144 Edgehill Place

 

Duncan

 Beautifully updated 3-bdrm, 2-bath open concept rancher on a quiet, family-friendly cul-de-sac.

1011164
SEE MORE LISTINGS
 

THINKING OF MAKING A MOVE? 

LET'S CHAT!

ALLY EARLE * PREC

Team Leader, Associate Broker & Real Estate Professional

*denotes Personal Real Estate Corporation

JEN ALEXANDER

Team Member

Real Estate Professional


JENNEY MASSEY

Team Member

Real Estate Professional


Reach out Today!  Let us help make your Real Estate Goals a reality!

250-710-3181

 
 
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