Photo: Kyle Wilson · CC BY-SA 4.0Permits in Colwood added 50.3 homes a year for every 1,000, where British Columbia’s towns added 18.1
In May 2021 the median owned home was worth $800,000 by its owner’s reckoning, the average one $823,000. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. In 2023, 655 homes changed hands at a median price of $986,000, by Statistics Canada’s count.
Colwood’s homes, by three sources
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $823K
- Owners
- 5,450
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $1M
- ÷ buyers’ income
- 5.5×
- Buyers
- 655
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A detached house in Colwood is assessed 31% higher than across British Columbia’s towns
Of Colwood’s 6,800 residential properties on the 2024 roll, 50% are detached houses and 14% are condos.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
Colwood’s homes: when they went up and what they are
The 2021 census counted 7,425 occupied homes in Colwood; 49% of them are single-detached houses. Half or more were standing by 2000.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Colwood | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 11% | 10% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 8% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Colwood peaked in 2018: 651 new homes
Over 2018–2023, 2,520 homes were permitted in Colwood, close to 420 each year. About 24% went into single-unit buildings, where British Columbia’s towns built 27%.
New homes a year per 1,000 homes
Slowing: 4,220 new homes in the 12 months to August 2026, 5% fewer
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Not measured by town: monthly permits (the Victoria metro area)
Colwood is 11% above the $720,000 median of British Columbia’s towns
254 of British Columbia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Colwood: Langford, Esquimalt and Victoria
Next to Colwood: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Colwood | $800K | $823K | 74% | |
| Langford | $730K | $752K | 65% | 3.2 |
| View Royal | $800K | $848K | 67% | 5.3 |
| New Songhees 1A | – | – | 65% | 5.7 |
| Esquimalt | $750K | $776K | 49% | 6.3 |
| Metchosin | $1M | $1.16M | 82% | 7.2 |
| Victoria | $750K | $821K | 40% | 10 |
Census 2021 values; km.
Questions about property prices in Colwood
How many households in Colwood are in core housing need?
Statistics Canada puts 8% of Colwood’s households in core housing need, much as for British Columbia’s towns (10%).
What is the average house price in Colwood?
The average sale was $1,000,000 in 2023, and at the median, buyers paid 5.5 times their income.
Is Colwood expensive for British Columbia?
Yes: Colwood’s census median is above the $720,000 of British Columbia’s towns.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).