Photo: Doug Wortley · CC BY-SA 4.0Parksville is adding housing quickly, at 44.1 new homes a year per 1,000 (British Columbia’s towns: 18.1)
In May 2021 the median owned home was worth $600,000 by its owner’s reckoning, the average one $595,000. The median sale in 2023 was $699,000, across 565 buyers. For 2024, the median assessed value of a residential property is $726,000.
Three ways to price a home in Parksville
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $595K
- Owners
- 4,930
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $720K
- ÷ buyers’ income
- 6.3×
- Buyers
- 565
- 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).
A detached house in Parksville is assessed 81% above a condo
Of Parksville’s 5,975 residential properties on the 2024 roll, 64% are detached houses and 12% are 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: 20% of the homes in Parksville (British Columbia’s towns: 10%)
Parksville had 6,755 occupied homes at the 2021 census, 60% of them single-detached houses. Half or more were standing by 2000.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Parksville | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 20% | 10% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 10% | 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.
Parksville’s busiest year for permits was 2019, with 437 new homes
From 2018 to 2023, permits in Parksville created 1,676 homes, about 279 a year. Only 12% went into single-unit buildings, beside 27% for British Columbia’s towns.
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.
Parksville is cheaper than most of British Columbia’s towns: 17% under their $720,000 median
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.
Parksville’s neighbours by home value
Next to Parksville: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Parksville | $600K | $595K | 73% | |
| Electoral Area G, Nanaimo | $750K | $817K | 91% | 3.5 |
| Qualicum Beach | $725K | $769K | 87% | 8.6 |
| Electoral Area F, Nanaimo | $600K | $663K | 72% | 8.9 |
| Fairwinds | $900K | $1.01M | 91% | 11.7 |
| Lantzville | $850K | $976K | 87% | 18.8 |
Census 2021 values; km.
Questions about property prices in Parksville
What is the average house price in Parksville?
The average sale was $720,000 in 2023, and at the median, buyers paid 6.3 times their income.
Is Parksville expensive for British Columbia?
On census values, Parksville sits among the cheaper of British Columbia’s towns (median $720,000).
How many households in Parksville are in core housing need?
In Parksville, 10% 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).