Photo: Blake Handley from Victoria, Canada · CC BY 2.0Half the owned homes in North Cowichan are valued above $600,000
That figure comes from 10,480 owner households at the 2021 census. Statistics Canada counted 905 buyers in 2023, paying a median $700,000. Assessors valued the median residential property at $698,000 for 2024.
What North Cowichan’s homes are worth, three ways
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways. These home values were given by owners themselves, in a census taken in May 2021.
median, owners’ estimate
- Average
- $641K
- Owners
- 10,480
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $720K
- ÷ buyers’ income
- 5.1×
- Buyers
- 905
- 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).
North Cowichan’s houses carry 2.8 times the assessment of its condos
In 2024, North Cowichan had 11,740 residential properties on the roll, detached houses 68% of them and condos 6%.
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.
North Cowichan’s homes: when they went up and what they are
13,760 occupied homes stood in North Cowichan in 2021, and single-detached houses made up 63% of them. 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
| North Cowichan | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 11% | 10% | 8% |
| Needing major repairs | 6% | 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 North Cowichan ran at 18.4 homes a year per 1,000, near the 18.1 of British Columbia’s towns
From 2018 to 2023, permits in North Cowichan created 1,638 homes, about 273 a year. About 24% went into single-unit buildings, where British Columbia’s towns built 27%.
A peak in 2022: 433 new homes
New homes a year per 1,000 homes
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.
North Cowichan against British Columbia’s towns: 17% under the $720,000 median
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 North Cowichan: Duncan
Next to North Cowichan: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| North Cowichan | $600K | $641K | 77% | |
| Duncan | $400K | $423K | 58% | 3.6 |
| Cowichan | – | – | 41% | 4.8 |
| Electoral Area E, Cowichan Valley | $650K | $736K | 80% | 5.1 |
| Cowichan Bay | $695K | $708K | 85% | 10 |
| Saltspring Island | $800K | $952K | 81% | 14.5 |
| Cobble Hill | $750K | $776K | 89% | 15.6 |
Census 2021 values; km.
Questions about property prices in North Cowichan
Is North Cowichan expensive for British Columbia?
Below the norm for British Columbia’s towns, whose median home is worth $720,000; North Cowichan’s is worth less.
How many households in North Cowichan are in core housing need?
Statistics Canada puts 8% of North Cowichan’s households in core housing need, much as for British Columbia’s towns (10%).
What is the average house price in North Cowichan?
Homes sold for an average $720,000 in 2023; the median buyer paid 5.1 times their household income.
Can I see individual sales or prices by street?
No. Canada has no open register of individual sales; Statistics Canada publishes medians and averages by town only.
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).