Union Bay, British Columbia, Canada
As of August 12, 2026, the median asking price in Union Bay is $799,450, across 8 active MLS® listings.
Those listings have been on the market an average of 94 days.
2 new listings came to market in Union Bay in the last 30 days.
Asking prices work out to about $460 per square foot, based on the 5 listings that report floor area.
Union Bay is a small, waterfront-oriented community on Baynes Sound between Courtenay/Comox and Qualicum Beach, known for its historic “old town” feel, marine views, and a quiet, rural-residential character. Housing is dominated by single-detached homes, view properties on the hillside, and larger lots outside the core, attracting a mix of retirees, professionals seeking a slower pace, and families priced out of Comox Valley’s more central neighbourhoods. Day-to-day amenities within Union Bay are limited (local cafe/retail and community services), so most shopping, medical services, and major recreation are accessed in Courtenay/Comox within a short drive.
Schools serving the area are within the Comox Valley School District (nearby elementary options and secondary schools in the greater Courtenay/Comox area), and transit is comparatively sparse—residents largely rely on vehicles, with regional routes connecting along the Island Highway corridor. The real estate market tends to be driven by lifestyle demand (waterfront access, views, quiet streets) and constrained supply, which supports long-term price resilience but can bring lower rental liquidity than in central Courtenay/Comox. Investors typically see modest-to-mid gross yields given higher entry prices for view/waterfront homes; demand for long-term rentals exists, especially for pet-friendly and family-sized homes, but vacancy and turnover can be more variable than in denser employment nodes.
Union Bay currently has 9 active listings with a median asking price of $674,900 and an average of $538 per square foot, pointing to a relatively limited selection and pricing that’s holding firm. Homes are taking an average of 96 days to sell and only 1 new listing has arrived in the past 30 days, suggesting a slower-paced market where buyers may have time to negotiate, while investors should weigh carrying costs against a tighter flow of new inventory.
The median asking price in Union Bay is $799,450, across 8 active MLS® listings as of August 12, 2026. The average asking price is $824,050. These are list prices on homes currently for sale, not sale prices.
There are 8 active MLS® listings in Union Bay as of August 12, 2026. 2 of them came to market in the last 30 days.
Homes currently listed in Union Bay have been on the market an average of 94 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.