Courtenay is the largest city in the Comox Valley on central Vancouver Island. Together with Comox and Cumberland, it forms a region known for outdoor recreation, a strong military presence (CFB Comox), and a quality of life that draws retirees, families, and remote workers. This guide covers Courtenay's real estate market in 2025.
The Comox Valley real estate market, including Courtenay and Comox, has remained relatively stable compared to larger BC cities. Single-family homes in Courtenay average around $650,000–$750,000 in 2025, while condos and townhomes range from $350,000–$550,000. The market sees consistent demand from CFB Comox military personnel, retirees from the Lower Mainland, and remote workers.
East Courtenay is one of the most desirable areas, with newer subdivisions, good schools, and views toward the Beaufort Mountains. It's close to the Comox Valley Airport and convenient to CFB Comox.
West Courtenay tends to be more affordable, with older character homes and proximity to the Courtenay River and estuary trails. It's undergoing revitalization and is popular with first-time buyers.
Crown Isle is a master-planned golf community in Courtenay with executive-style homes and townhomes around the Crown Isle Golf Resort. It attracts buyers looking for newer construction and a planned community environment.
Downtown Courtenay has invested in revitalization, with a growing arts scene, farmers markets, and restaurant culture. Condos and heritage conversions are available for buyers who want walkability.
The Town of Comox is distinct from the City of Courtenay but functionally part of the same market. Comox Marina, Goose Spit Park, and a charming town centre make it highly desirable. Prices tend to be slightly higher than comparable Courtenay properties.
The BC Property Transfer Tax applies to all Courtenay purchases:
On a $680,000 Courtenay home: $2,000 + $9,600 = $11,600 in PTT. First-time buyers are exempt on homes under $500,000 and partially exempt up to $525,000.
CFB Comox is one of the largest employers in the Comox Valley. Military members often receive posting allowances and benefit from programs like the Canadian Forces Integrated Relocation Program (CFIRP) when buying. The military presence creates consistent rental and resale demand, making the Courtenay market more stable than comparable island communities without such an anchor employer.
Courtenay's real estate appeal is deeply tied to its lifestyle offerings. Mount Washington Alpine Resort is just 45 minutes away for skiing and snowboarding. The Comox Valley has world-class mountain biking (especially at Cumberland), kiteboarding at Kye Bay, fishing, and hiking. Buyers often choose Courtenay specifically for this outdoor lifestyle access.
The Village of Cumberland, about 10 minutes from Courtenay, has developed a reputation as a funky, trail-oriented community with a strong cycling culture. Home prices in Cumberland run lower than Courtenay proper, and it attracts buyers looking for community, affordability, and mountain biking access.
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