Crescent City Real Estate Market

As of May 2026, Crescent City, British Columbia is a Balanced market with 105 active listings and an average asking price of CAD $322,063.



The current market in Crescent City reflects a modest inventory of 105 active listings, with an average asking price of CAD $322,063, according to data from the BC real estate boards (CREA MLS®). In the broader context of British Columbia, this level of supply suggests a balanced environment where buyer demand and seller supply are roughly in equilibrium. While sales‑to‑active‑listings ratios are not provided for May 2026, the active inventory size and price point indicate that neither buyers nor sellers hold a decisive advantage in the local market.



For buyers, the total cost of purchase in Crescent City will be influenced by several provincial levies. The Property Transfer Tax (PTT) applies to all residential property acquisitions, and new builds will incur a 5 % Goods and Services Tax (GST). In urban areas where the Speculation and Vacancy Tax (SVT) is applicable, buyers may also face an annual tax on vacant properties. If the market is dominated by condominiums or townhouses, strata fees will add to the ongoing cost of ownership.



Investors should consider BC‑specific regulatory factors that affect returns. The Speculation and Vacancy Tax can reduce net income on vacant units, while the federal Underused Housing Tax may apply to certain investment properties. Short‑term rental restrictions in British Columbia limit the ability to generate higher yields through vacation rentals, and the BC Tenancy Act imposes caps on rent increases, which can constrain rental income growth. These considerations suggest that investors in Crescent City should carefully evaluate tax implications and regulatory constraints when assessing potential returns.