Photo: James Abbott from New Westminster, B.C., Canada · CC BY-SA 2.0Homes in Cowichan Bay are worth a median $695,000
The census of 2021 asked 1,255 owner households what their home was worth. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. In 2023, 120 homes changed hands at a median price of $850,000, by Statistics Canada’s count.
Cowichan Bay’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
- $708K
- Owners
- 1,255
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $840K
- ÷ buyers’ income
- 5.7×
- Buyers
- 120
- 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).
Cowichan Bay’s houses carry 2.1 times the assessment of its condos
Detached houses account for 80% of the 1,375 properties on Cowichan Bay’s 2024 roll; condos for 5%.
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.
35% of Cowichan Bay’s homes are from 2001 or later, against 24% for British Columbia’s towns
Cowichan Bay had 1,485 occupied homes at the 2021 census, 80% of them single-detached houses.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Cowichan Bay | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 9% | 10% | 8% |
| Needing major repairs | 7% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 6% | 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.
Cowichan Bay sits near the middle of British Columbia’s towns ($720,000)
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 Cowichan Bay: Electoral Area E, Cowichan Valley, Duncan and North Cowichan
Next to Cowichan Bay: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cowichan Bay | $695K | $708K | 85% | |
| Cobble Hill | $750K | $776K | 89% | 5.6 |
| Cowichan | – | – | 41% | 6.4 |
| Electoral Area E, Cowichan Valley | $650K | $736K | 80% | 7.3 |
| Duncan | $400K | $423K | 58% | 7.8 |
| Shawnigan | $700K | $787K | 87% | 9.6 |
| North Cowichan | $600K | $641K | 77% | 10 |
Census 2021 values; km.
Questions about property prices in Cowichan Bay
How many households in Cowichan Bay are in core housing need?
6% of Cowichan Bay’s households, under the 10% of British Columbia’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
What is the average house price in Cowichan Bay?
Buyers paid $840,000 on average in 2023, or 5.7 years of their income at the median.
Is Cowichan Bay expensive for British Columbia?
In the middle: British Columbia’s towns come to $720,000, and so, near enough, does Cowichan Bay.
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. 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).