Lack of sales in Tofino skews outlook, sales and prices expected to remain unchanged in 2023
Tofino & Ucluelet, British Columbia
2023 RE/MAX Cottage Trends Report
• The Tofino and Ucluelet cottage markets are popular for vacationers but also for those seeking year-round homes. With so many Canadians permanently adopting remote jobs, the area’s fiber optics and excellent surfing make it an ideal choice for those looking to visit their vacation home year-round.
• With an influx of buyers searching for vacation homes, it’s important to be mindful of the care and attention required to maintain a second property, as well as the ongoing costs of ownership. This is particularly relevant as more properties are inherited through families.
• Waterfront properties, access to recreational activities and rental potential are major trends for the 2023 recreational market in Tofino/Ucluelet.
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$764,000
2023 (January-March)
average price
$682,000
2022 (January-March)
+11%
Year-Over-Year
-46%
Year-Over-Year
512 unit sales
2022 (January-March)
309 unit sales
2023 (January-March)
Sales stats
market outlook
No change
2023 Sales Estimate
No change
2023 Price Estimate
+11%
Year-Over-Year
$682,000
2022 (January-March)
$764,000
2023 (January-March)
Average price
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Balanced Market
Balanced Market