Owners in Lions Bay value their homes at 2.5 times the median of British Columbia’s towns
At the 2021 census the median home was worth $1,800,000, where British Columbia’s towns sit at $720,000. In 2022, 25 homes changed hands at a median price of $1,950,000, by Statistics Canada’s count. For 2024, the median assessed value of a residential property is $1,990,000.
Three ways to price a home in Lions Bay
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $1.99M
- Owners
- 445
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $2.1M
- ÷ buyers’ income
- 8.3×
- Buyers
- 25
- 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, Lions Bay’s houses sit at 2.7 times British Columbia’s towns
Of Lions Bay’s 550 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.
95% of Lions Bay’s homes are detached houses, where British Columbia’s towns have 62%
Lions Bay had 505 occupied homes at the 2021 census. Half or more were standing by 1980.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Lions Bay | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 3% | 10% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | under 1% | 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.
Building behind British Columbia’s towns: 4 new homes a year per 1,000 in Lions Bay, against 18.1
From 2018 to 2023, permits in Lions Bay created 11 homes, about 2 a year. Most were houses: 90% went into single-unit buildings, against 27% for British Columbia’s towns. Behind monthly permits sits data gathered across the Vancouver metro area, with Lions Bay one part of it.
The busiest year: 2020, with 3 new homes
New homes a year per 1,000 homes
26,358 new homes in the 12 months to August 2026, down 11% 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.
Lions Bay is 150% above the $720,000 median of British Columbia’s towns
The census values of British Columbia’s towns, 254 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Lions Bay: Bowen Island and Electoral Area F, Sunshine Coast
The places around Lions Bay at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lions Bay | $1.8M | $1.99M | 88% | |
| Bowen Island | $1.25M | $1.44M | 85% | 13.8 |
| West Vancouver | $2.5M | $3.13M | 71% | 13.8 |
| Capilano 5 | – | – | 11% | 17 |
| Electoral Area F, Sunshine Coast | $850K | $974K | 80% | 18.1 |
Census 2021 values; km.
Questions about property prices in Lions Bay
Is Lions Bay expensive for British Columbia?
Dearer than the middle: British Columbia’s towns come to $720,000, Lions Bay to more.
What is the average house price in Lions Bay?
The average sale was $2,100,000 in 2022, and at the median, buyers paid 8.3 times their income.
How many households in Lions Bay are in core housing need?
In Lions Bay, 8% of households are in core housing need, close to the 10% of British Columbia’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
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).