Market Update Comox Valley & Campbell River April 2025 

Real Estate Market Update – April 2025

The Vancouver Island Real Estate Board (VIREB) reports that April 2025 showcased a steady and balanced housing market across the Comox Valley and Campbell River regions. Both areas experienced modest year-over-year price growth, reflecting sustained buyer interest and stable inventory levels.

Comox Valley Market Overview

  • Benchmark Price: The benchmark price for single-family homes in the Comox Valley rose to $868,400 in April, marking a 4% increase year-over-year.

  • Market Conditions: The market remains balanced, with stable inventory levels and consistent buyer interest.

Campbell River Market Snapshot

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In November 2022, the British Columbia government enacted Bill 44, the Building and Strata Statutes Amendment Act, 2022, which introduced significant changes to the Strata Property Act. These amendments removed most rental and age restrictions in strata properties, aiming to increase housing availability and flexibility for homeowners.

BC Financial Services Authority 

Key Changes:

  1. Removal of Rental Restrictions: Strata corporations can no longer enforce bylaws that restrict the rental of units. This change allows homeowners to rent out their units without facing previous limitations, potentially increasing the number of rental properties available in the market.

    BC Financial Services Authority

  2. Modification of Age…

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Thank You for Celebrating Halloween with Us at the Bryce Hansen Team Annual Pumpkin Patch!

We want to extend a huge thank you to all our amazing clients, families, and friends who joined us for our annual Halloween Pumpkin Patch event!

It was such a joy to see so many familiar faces, along with new ones, as we celebrated fall together. Watching everyone enjoy the festivities – from the pumpkin patch to the games and activities – truly made our day. We’re so grateful for the opportunity to create these special memories with you.

Professional Photos Now Available!

We’re thrilled to announce that the talented Shannon Koroll captured some beautiful moments from the event! 

If you spot a photo of your family, you can download it directly!…

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Embarking on the journey to find your dream home is an exciting and personal endeavor. As you envision the space where you'll build a lifetime of memories, it's essential to articulate your desires clearly. Here's a comprehensive dream home wishlist to guide you on this thrilling quest for the perfect abode.

 1. **Location, Location, Location:**
Begin with the perfect backdrop for your dreams. Whether it's a tranquil suburban neighborhood, a bustling urban center, or a serene countryside retreat, the location sets the tone for your dream home. Consider proximity to schools, workplaces, and local amenities to ensure convenience.

2. **Architectural Style:**
Define your aesthetic preferences. Do you envision a modern marvel with clean lines, a cozy cottage…

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As the snowflakes start to fall and the festive spirit fills the air, the Comox Valley transforms into a magical haven of holiday cheer. From twinkling lights to joyful celebrations, here's your guide to the top holiday events that make the Comox Valley truly special during the most wonderful time of the year.

### 1. **Comox Valley Christmas Parade:**
   The streets come alive with the twinkling lights of the annual Comox Valley Christmas Parade. Join the community in celebrating the season as festive floats, marching bands, and cheerful participants make their way through the heart of downtown. Bring the whole family and experience the joy of this beloved holiday tradition.

### 2. **Filberg Festival of Lights:**
   The historic Filberg Heritage Lodge and…

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1. Comox Valley Farmers' Market

Location: Comox Valley Exhibition Grounds

The Comox Valley Farmers' Market is a year-round gem, and its winter edition is a celebration of local bounty. Explore stalls adorned with fresh produce, artisanal cheeses, and handmade crafts. From hearty winter vegetables to unique holiday gifts, this market is a haven for those seeking the best of the season from local producers.

2. Downtown Courtenay WinterFest Market: Heart of the Holidays

Location: Downtown Courtenay

Immerse yourself in the festive ambiance of Downtown Courtenay's WinterFest Market. The heart of the holidays beats here, with vendors showcasing an array of holiday crafts, decorations, and unique gifts. Stroll through the charming streets, enjoy…

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A Guide to Buying a House with the Bryce Hansen Team

Introduction

Embarking on the journey of buying a house in today's dynamic real estate market requires not only a comprehensive understanding of the broader market trends but also a localized approach that considers the unique aspects of specific regions. In this blog post, we'll delve into the nuances of purchasing a home in the picturesque Comox Valley, while highlighting the expertise of the Bryce Hansen Team—a trusted partner for those navigating the real estate waters in this Vancouver Island gem.

Comox Valley Real Estate Landscape

Nestled on the eastern coast of Vancouver Island, the Comox Valley boasts a diverse real estate market characterized by stunning natural landscapes, a…

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Contrary to popular belief, as the buyer in a real estate transaction, you do not actually pay a real estate sales representative’s commission. The real estate agent actually earns a percentage of the brokerage commission, which is laid out in the purchase contract and is calculated from the price of the house. This commission is paid for by the person who is listing their home for sale. Essentially, you get the support and knowledge of a buyer representative for free – which is a great reason to utilize a REALTOR® when you’re looking to invest in Comox Valley real estate.

If the aspect of their professional services being free to you as a buyer isn’t enough to influence your decision single-handedly, here are five more reasons a real estate…

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On July 1st, 2020 The Canadian Housing Mortgage Corp. (CMHC) executed their announcement to change the borrowing rules for homebuyers. If you’re in the market to purchase Comox Valley real estate and especially if you’re a first time home buyer, you’ll want to review these changes that may have impacted you directly. Here’s a closer look at the CMHC changes – and some tips to help you get organized for obtaining a mortgage pre-approval:  

 

Understanding Debt Ratios
Gross Debt Servicing Ratio (GDS) and Total Debt Servicing Ratio (TDS) are the two key metrics used to qualify you for a mortgage. GDS is calculated by totaling your estimated housing costs and dividing it by your gross annual income. TDS is calculated by totaling your GDS with other…

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We’ve all heard the horror stories that can happen if you don’t do your homework when choosing a trades professional. Like the contractor that demoed a kitchen, never to be seen again; or the pool company that accepted a homeowner’s deposit but keeps pushing back the installation date.

We want to make sure these disasters don’t happen to you when you’re looking for assistance with those big renovation projects around your home. Use these 5 tips to help you find the best trades professionals in the Comox Valley that can help with your home renovations – and increase the likelihood of your complete satisfaction!

 

All in Good Time
One of the biggest considerations when hiring professional trades companies is your timeline. Do you need the project…

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