Photo: Original uploader was Fawcett5 at en.wikipedia Later version(s) were uploaded by Peteforsyth at en.wikipedia . · Public domainAn apartment town: 36% of Penticton’s homes, against 12% across British Columbia’s towns
By the 2021 census, half of owned homes were worth more than $524,000; the average was $568,500. In 2023, 935 homes changed hands at a median price of $600,000, by Statistics Canada’s count. The 2024 property assessment puts the median residential property at $632,000.
Three ways to price a home in Penticton
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ.
median, owners’ estimate
- Average
- $569K
- Owners
- 10,920
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $650K
- ÷ buyers’ income
- 4.5×
- Buyers
- 935
- 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).
Penticton’s houses carry 2.1 times the assessment of its condos
Assessors listed 13,805 residential properties in Penticton for 2024, 49% of them detached houses and 22% 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.
Condominiums are 23% of Penticton’s homes, against 10% for British Columbia’s towns
Penticton had 17,360 occupied homes at the 2021 census. At least half predate 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Penticton | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 23% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 13% | 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.
Permits in Penticton ran at 20 homes a year per 1,000, near the 18.1 of British Columbia’s towns
Penticton issued permits for 2,231 new homes from 2018 to 2023, or about 372 a year. Very few were houses: 14% in single-unit buildings (British Columbia’s towns: 27%).
A peak in 2018: 498 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.
Penticton against British Columbia’s towns: 27% under the $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.
Penticton’s neighbours by home value
The places around Penticton at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Penticton | $524K | $569K | 63% | |
| Penticton 1 | – | – | 89% | 4.4 |
| Electoral Area F, Okanagan-Similkameen | $850K | $962K | 94% | 8.3 |
| Electoral Area I, Okanagan-Similkameen | $750K | $894K | 90% | 10.8 |
| Naramata | $900K | $1.02M | 85% | 12.4 |
| Okanagan Falls | $552K | $661K | 87% | 13.2 |
| Summerland | $650K | $714K | 82% | 15 |
Census 2021 values; km.
Questions about property prices in Penticton
Is Penticton expensive for British Columbia?
On census values, Penticton sits among the cheaper of British Columbia’s towns (median $720,000).
How many households in Penticton are in core housing need?
About as many as elsewhere: 13% of households in Penticton, where British Columbia’s towns sit at 10%.
What is the average house price in Penticton?
Buyers paid $650,000 on average in 2023, or 4.5 years of their income at the median.
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).