Canada’s “Record” Housing Correction? Prices Near Highs In Most Provinces

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It’s been quite the journey for Canadian home prices over the past year. In July, the average price dipped by 0.6% to $661,800, with six provinces seeing a decrease and three in Atlantic Canada bucking the trend with gains. Since March 2022, we’ve seen an overall drop of 21.3%, mostly felt in Ontario and B.C.—including right here in our own backyard. Even so, affordability remains a challenge for many.

As someone who’s lived and worked across the Cowichan Valley, I’ve seen firsthand how these numbers play out locally and what they mean for folks considering buying or selling. My roots here, along with my experience renovating homes and helping people navigate real estate decisions, help me see beyond the headlines to what makes our community unique. If you’re thinking about your next step in the Valley, I’m always happy to share what I know—making this place your home is truly what I do best.

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