Photo: Adam Jones from Kelowna, BC, Canada · CC BY-SA 2.0New building in Central Okanagan runs at 42.8 homes a year per 1,000, beside 18.1 for British Columbia’s towns
Going by owners’ own estimates in 2021, the typical home is worth $750,000, the average one $820,000. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. In 2023, 80 homes changed hands at a median price of $850,000, by Statistics Canada’s count.
What Central Okanagan’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.
median, owners’ estimate
- Average
- $820K
- Owners
- 1,520
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $950K
- ÷ buyers’ income
- 5.9×
- Buyers
- 80
- 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).
Central Okanagan’s detached houses are assessed 17% above the median of British Columbia’s towns
Of Central Okanagan’s 1,640 residential properties on the 2024 roll, 79% are detached houses.
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.
How Central Okanagan’s homes break down, by age and kind
Of the 1,695 homes people lived in across Central Okanagan at the 2021 census, 77% were single-detached houses. Half went up before 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Central Okanagan | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 3% | 10% | 8% |
| Needing major repairs | 3% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 5% | 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.
Central Okanagan’s busiest year for permits was 2021, with 90 new homes
Building permits added 414 homes in Central Okanagan between 2018 and 2023: some 69 a year. Most were houses: 85% went into single-unit buildings, against 27% for British Columbia’s towns. Behind monthly permits sits data gathered across the Kelowna metro area, with Central Okanagan one part of it.
New homes a year per 1,000 homes
Down 26%: 1,594 new homes in the year to August 2026
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.
Central Okanagan sits close to the $720,000 median of British Columbia’s towns
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.
Central Okanagan’s neighbours by home value
Next to Central Okanagan: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Central Okanagan | $750K | $820K | 91% | |
| Kelowna | $725K | $796K | 65% | 9 |
| Duck Lake 7 | – | – | 91% | 9.6 |
| Lake Country | $800K | $961K | 79% | 13.9 |
| Tsinstikeptum 10 | – | – | 93% | 14.7 |
Census 2021 values; km.
Questions about property prices in Central Okanagan
How many households in Central Okanagan are in core housing need?
Statistics Canada puts 5% of Central Okanagan’s households in core housing need, a smaller share than the 10% of British Columbia’s towns.
What is the average house price in Central Okanagan?
Buyers paid $950,000 on average in 2023, or 5.9 years of their income at the median.
Is Central Okanagan expensive for British Columbia?
In the middle: British Columbia’s towns come to $720,000, and so, near enough, does Central Okanagan.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
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).