Photo: Jd.101 · CC BY-SA 3.0An apartment town: 33% of Kelowna’s homes, against 12% across British Columbia’s towns
Census values for 2021: a median of $725,000 and an average of $796,000. Sales are published too: 4,405 buyers in 2023, at a median $755,000. Assessors valued the median residential property at $823,000 for 2024.
Three ways to price a home in Kelowna
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms. No sale stands behind these values: owners named them at the census of May 2021.
median, owners’ estimate
- Average
- $796K
- Owners
- 39,995
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $870K
- ÷ buyers’ income
- 4.7×
- Buyers
- 4,405
- 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, Kelowna’s houses sit 32% above British Columbia’s towns
Assessors listed 52,320 residential properties in Kelowna for 2024, 46% of them detached houses and 26% condos.
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.
More condos than most: 29% of the homes in Kelowna (British Columbia’s towns: 10%)
The 2021 census counted 62,205 occupied homes in Kelowna. The older half dates from before 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Kelowna | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 29% | 10% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 9% | 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.
Kelowna permitted 38.5 new homes a year per 1,000, above the 18.1 of British Columbia’s towns
Kelowna issued permits for 14,189 new homes from 2018 to 2023, or about 2,365 a year. Apartments and other multi-unit buildings dominate: only 8% were single-unit, against 27% for British Columbia’s towns. Nobody publishes monthly permits for Kelowna alone, so this card uses the figure for the Kelowna metro area.
Most in 2023: 3,478 new homes
New homes a year per 1,000 homes
1,594 new homes in the 12 months to August 2026, down 26% on the year before
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.
Kelowna sits near the middle of British Columbia’s towns ($720,000)
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.
Kelowna’s neighbours by home value
The places around Kelowna at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Kelowna | $725K | $796K | 65% | |
| Tsinstikeptum 10 | – | – | 93% | 6.9 |
| Central Okanagan | $750K | $820K | 91% | 9 |
| West Kelowna | $750K | $812K | 83% | 11.6 |
| Tsinstikeptum 9 | – | – | 79% | 11.9 |
| Duck Lake 7 | – | – | 91% | 15.2 |
Census 2021 values; km.
Questions about property prices in Kelowna
How many households in Kelowna are in core housing need?
In line with British Columbia’s towns (10%): 9% in Kelowna, counting the households whose home falls short on cost, size or repair.
What is the average house price in Kelowna?
Buyers paid $870,000 on average in 2023, or 4.7 years of their income at the median.
Is Kelowna expensive for British Columbia?
In the middle: British Columbia’s towns come to $720,000, and so, near enough, does Kelowna.
Can I see individual sales or prices by street?
No. Canada has no open register of individual sales; Statistics Canada publishes medians and averages by town only.
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).