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: 2,084 sq ft
    Year built: 2007
    Parking spots: 2
    Days on market: 1
    Listed with RE/MAX Ocean Pacific Realty

  2. 3 beds, 2 baths
    Home size: 1,816 sq ft
    Lot size: 8,880 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 1
    Listed with Royal LePage-Comox Valley (CV)

  3. 2 beds, 2 baths
    Home size: 1,270 sq ft
    Year built: 2001
    Days on market: 1
    Listed with Royal LePage-Comox Valley (CV)

  4. 2 beds, 2 baths
    Home size: 1,239 sq ft
    Year built: 1994
    Parking spots: 1
    Days on market: 1
    Listed with RE/MAX Ocean Pacific Realty

  5. 1 bed, 4 baths
    Lot size: 4.95 ac
    Year built: 1997
    Parking spots: 3
    Days on market: 2
    Listed with Royal LePage-Comox Valley (CV)

  6. 0 beds, 0 baths
    Lot size: 12,110 sqft
    Days on market: 2
    Listed with RE/MAX Ocean Pacific Realty

  7. 2 beds, 2 baths
    Home size: 1,570 sq ft
    Year built: 2003
    Parking spots: 1
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  8. 2 beds, 2 baths
    Home size: 2,181 sq ft
    Year built: 1967
    Parking spots: 1
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  9. 3 beds, 2 baths
    Home size: 1,320 sq ft
    Year built: 2010
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty

  10. 3 beds, 2 baths
    Home size: 1,320 sq ft
    Year built: 2010
    Days on market: 3
    Listed with RE/MAX Ocean Pacific Realty

  11. 3 beds, 3 baths
    Home size: 2,270 sq ft
    Lot size: 5.02 ac
    Year built: 1991
    Parking spots: 3
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  12. 4 beds, 3 baths
    Home size: 3,085 sq ft
    Lot size: 10,542 sqft
    Year built: 1993
    Parking spots: 2
    Days on market: 4
    Listed with Coldwell Banker Slegg Realty (Crt)

  13. 3 beds, 2 baths
    Home size: 1,819 sq ft
    Lot size: 7,187 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  14. 3 beds, 3 baths
    Home size: 1,810 sq ft
    Lot size: 9,627 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  15. 3 beds, 2 baths
    Home size: 1,412 sq ft
    Lot size: 6,273 sqft
    Year built: 2012
    Parking spots: 2
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  16. 4 beds, 3 baths
    Home size: 2,700 sq ft
    Lot size: 7,841 sqft
    Year built: 1977
    Parking spots: 1
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  17. 0 beds, 0 baths
    Lot size: 2.60 ac
    Days on market: 4
    Listed with Royal LePage-Comox Valley (CV)

  18. 3 beds, 2 baths
    Home size: 1,762 sq ft
    Lot size: 8,407 sqft
    Parking spots: 1
    Days on market: 4
    Listed with O.J. Realty & Property Management Inc.

  19. 3 beds, 3 baths
    Home size: 1,584 sq ft
    Year built: 1996
    Parking spots: 1
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  20. Home size: 24,894 sq ft
    Days on market: 4
    Listed with RE/MAX Check Realty

  21. Home size: 1,390 sq ft
    Days on market: 4
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  22. 5 beds, 6 baths
    Home size: 4,490 sq ft
    Lot size: 18,579 sqft
    Parking spots: 3
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty

  23. 3 beds, 3 baths
    Home size: 2,175 sq ft
    Lot size: 8,712 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 5
    Listed with Century 21 Arbutus Realty (CmRvr)

  24. 3 beds, 3 baths
    Home size: 1,888 sq ft
    Lot size: 43,255 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  25. 4 beds, 3 baths
    Home size: 2,205 sq ft
    Lot size: 7,841 sqft
    Year built: 2008
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  26. 0 beds, 0 baths
    Lot size: 25,265 sqft
    Days on market: 5
    Listed with RE/MAX Marc Villanueva Realty

  27. 3 beds, 2 baths
    Home size: 2,200 sq ft
    Lot size: 9,583 sqft
    Parking spots: 1
    Days on market: 5
    Listed with RE/MAX Marc Villanueva Realty

  28. 3 beds, 2 baths
    Home size: 1,461 sq ft
    Lot size: 9,148 sqft
    Year built: 1991
    Parking spots: 2
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty (Crtny)

  29. 2 beds, 2 baths
    Home size: 1,439 sq ft
    Year built: 1999
    Parking spots: 1
    Days on market: 5
    Listed with RE/MAX Ocean Pacific Realty

  30. 3 beds, 2 baths
    Home size: 2,000 sq ft
    Lot size: 6,926 sqft
    Days on market: 5
    Listed with Royal LePage-Comox Valley (CV)

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