Photo: waferboard · CC BY 2.0Owners in Cranbrook value their homes 47% below the median of British Columbia’s towns
Owners valued the median home at $380,000 in 2021, where the median of British Columbia’s towns was $720,000. The median sale in 2023 was $444,000, across 675 buyers. The 2024 property assessment puts the median residential property at $446,000.
Cranbrook’s homes, by three sources
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch.
median, owners’ estimate
- Average
- $391K
- Owners
- 6,455
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $440K
- ÷ buyers’ income
- 3.1×
- Buyers
- 675
- 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).
On the assessment roll, Cranbrook’s houses sit 35% below British Columbia’s towns
In 2024, Cranbrook had 7,560 residential properties on the roll, detached houses 72% of them and condos 7%.
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.
The homes of Cranbrook, by period and type
8,780 occupied homes stood in Cranbrook in 2021, and single-detached houses made up 65% of them. Half went up before 1981.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Cranbrook | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 10% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 2% | 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.
Cranbrook permitted 14.3 new homes a year per 1,000, below the 18.1 of British Columbia’s towns
From 2018 to 2023, permits in Cranbrook created 660 homes, about 110 a year. Single-unit buildings took 39%, the rest buildings of two or more, against 27% for British Columbia’s towns.
The busiest year: 2020, with 363 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.
Cranbrook against British Columbia’s towns: 47% 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.
Cranbrook’s neighbours by home value
The places around Cranbrook at the 2021 census: median and average value, and how many own. No closer places have figures: these lie 4–37 km from Cranbrook.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cranbrook | $380K | $391K | 74% | |
| Electoral Area C, East Kootenay | $576K | $587K | 91% | 4.4 |
| Kimberley | $400K | $409K | 78% | 23.7 |
| Electoral Area E, East Kootenay | $500K | $538K | 90% | 34.2 |
| Electoral Area B, East Kootenay | $500K | $542K | 85% | 37.2 |
Census 2021 values; km.
Questions about property prices in Cranbrook
Is Cranbrook expensive for British Columbia?
No: Cranbrook’s census median is below the $720,000 of British Columbia’s towns.
What is the average house price in Cranbrook?
The average sale was $440,000 in 2023, and at the median, buyers paid 3.1 times their income.
How many households in Cranbrook are in core housing need?
Statistics Canada puts 8% of Cranbrook’s households in core housing need, much as for British Columbia’s towns (10%).
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).