Comox Valley Real Estate

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Comox Valley Real Estate Market History

The Comox Valley has a rich history dating back more than 85,000 millennia but its real estate market is barely a century and a half old. Sir Francis Drake made reference to landing, in 1579, in "New Albion" which is argued to be the area we now call Comox in the Comox Valley.

Our real estate market had its origins in the 1860s when the Governor of the British Colony of Vancouver Island offered land for $1 an acre to anyone who relocated to the area. The first new inhabitants settled in 1862 to being farming. To improve access, the Comox wharf was built in 1874, a connecting road from the south was constructed in 1910, and the E&N Railway connected Courtenay to the south in 1914. The City of Courtenay was incorporated in 1915, and the airfield at Comox was opened as a Royal Air Force Base in 1942. A year later it was taken over by Royal Canadian Air Force Station Comox. The Town of Comox was subsequently incorporated in 1946. Over the past 150 years pioneer farming, logging and fishing was eventually supplanted by business, tourism, recreation, and a rich cultural scene. These four economic generators, combined with the local spending impact of the base, currently fuel the local economy. All of this activity takes place against a backdrop of some magnificent local scenery, and one of the most temperate climates in Canada. This is the Canadian oasis we call the Comox Valley on Vancouver Island. Today the Comox Valley offers most types of homes imaginable. The following short video provides a sense of the types of homes available in the Comox Valley.

Comox Valley Real Estate Market Listings

Comox Valley real estate listings are processed by the Vanouver Island Real Estate Board (VIREB) which began operations in 1951 but did not adopt its current name until 1959 when operations spread to the north island. The Multiple Listings Service (MLS) started in 1966. In 1986, VIREB adopted the Code of Ethics and Standards of Business Practice of the Canadian Real Estate Association (CREA). Real estate listings on the current multiple listing service date back to 1990. Online listings began in 1995. Mandatory continuing education for real estate agents began in 2005.

Real estate prices and sales peaked in our region in 2007. This banner year was followed by a dramatic reduction in the numbers of home sales in 2008. The subsequent four years experienced turbulence, reduced sales, and falling prices. As we worked our way through 2013 and 2014 prices bottomed. During the spring and summer of 2014 homes sales rebounded to their highest point since 2009. While we have not yet climbed back to the highs of 2007, we are poised for a good 2015 for both home buyers and sellers.


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  1. 3 beds, 3 baths
    Home size: 2,896 sq ft
    Lot size: 9,148 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 0
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  2. 2 beds, 3 baths
    Home size: 1,656 sq ft
    Lot size: 4.97 ac
    Days on market: 1
    Listed with RE/MAX Marc Villanueva Realty

  3. 3 beds, 2 baths
    Home size: 1,777 sq ft
    Lot size: 2.32 ac
    Parking spots: 2
    Days on market: 1
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  4. 0 beds, 0 baths
    Lot size: 2.50 ac
    Days on market: 1
    Listed with RE/MAX Ocean Pacific Realty

  5. 2 beds, 2 baths
    Home size: 1,355 sq ft
    Year built: 2008
    Parking spots: 2
    Days on market: 2
    Listed with Royal LePage-Comox Valley (CV)

  6. 0 beds, 0 baths
    Lot size: 5,227 sqft
    Year built: 1961
    Parking spots: 1
    Days on market: 2
    Listed with RE/MAX Ocean Pacific Realty

  7. 3 beds, 1 bath
    Home size: 1,100 sq ft
    Lot size: 4,792 sqft
    Year built: 1969
    Days on market: 2
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  8. 0 beds, 0 baths
    Lot size: 25,265 sqft
    Days on market: 2
    Walk Score®: 58
    Listed with RE/MAX Of Nanaimo

  9. 3 beds, 5 baths
    Home size: 4,854 sq ft
    Lot size: 29.00 ac
    Year built: 2003
    Parking spots: 3
    Days on market: 3
    Walk Score®: 0
    Listed with Royal LePage-Comox Valley (CV)

  10. 4 beds, 4 baths
    Home size: 3,344 sq ft
    Lot size: 36,198 sqft
    Year built: 1991
    Parking spots: 3
    Days on market: 3
    Listed with Royal LePage Advance Realty

  11. 3 beds, 3 baths
    Home size: 2,093 sq ft
    Lot size: 8,668 sqft
    Year built: 1972
    Parking spots: 2
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty

  12. 3 beds, 2 baths
    Home size: 2,036 sq ft
    Lot size: 11,326 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  13. 2 beds, 1 bath
    Home size: 864 sq ft
    Lot size: 1.98 ac
    Year built: 2015
    Parking spots: 2
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty

  14. 3 beds, 3 baths
    Home size: 1,586 sq ft
    Lot size: 8,712 sqft
    Year built: 1994
    Parking spots: 2
    Days on market: 3
    Listed with RE/MAX Marc Villanueva Realty

  15. 3 beds, 3 baths
    Home size: 2,443 sq ft
    Lot size: 37,462 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty

  16. 3 beds, 3 baths
    Home size: 2,436 sq ft
    Lot size: 10,454 sqft
    Year built: 1995
    Parking spots: 3
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  17. 4 beds, 0 baths
    Home size: 2,799 sq ft
    Lot size: 1.92 ac
    Year built: 1963
    Parking spots: 4
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  18. 3 beds, 2 baths
    Home size: 1,897 sq ft
    Lot size: 29,185 sqft
    Year built: 1995
    Parking spots: 2
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  19. 3 beds, 2 baths
    Home size: 1,524 sq ft
    Lot size: 10,019 sqft
    Parking spots: 1
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty

  20. 0 beds, 1 bath
    Home size: 960 sq ft
    Lot size: 5,227 sqft
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty

  21. 3 beds, 2 baths
    Home size: 2,742 sq ft
    Lot size: 29,185 sqft
    Year built: 2015
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

  22. 2 beds, 2 baths
    Home size: 1,798 sq ft
    Year built: 2007
    Parking spots: 2
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

  23. 3 beds, 2 baths
    Home size: 1,600 sq ft
    Lot size: 10,001 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 5
    Listed with Crown Isle Realty Ltd.

  24. 4 beds, 2 baths
    Home size: 2,160 sq ft
    Lot size: 16,988 sqft
    Year built: 1992
    Parking spots: 2
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

  25. 4 beds, 2 baths
    Home size: 2,038 sq ft
    Lot size: 7,405 sqft
    Year built: 2006
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty

  26. 3 beds, 3 baths
    Home size: 1,759 sq ft
    Lot size: 11,326 sqft
    Year built: 1980
    Parking spots: 2
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

  27. 2 beds, 2 baths
    Home size: 1,355 sq ft
    Year built: 2009
    Parking spots: 2
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty

  28. 4 beds, 3 baths
    Home size: 2,217 sq ft
    Lot size: 3,746 sqft
    Year built: 1994
    Parking spots: 1
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  29. 2 beds, 1 bath
    Home size: 1,020 sq ft
    Lot size: 31,363 sqft
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty

  30. 0 beds, 0 baths
    Lot size: 13,504 sqft
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

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