Photo: Kristina D.C. Hoeppner from Wellington, New Zealand · CC BY-SA 2.0Homes in Vancouver are worth 2 times the median of British Columbia’s towns
Owners put the median home at $1,450,000 at the 2021 census; for British Columbia’s towns the median is $720,000. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since. Sales are published too: 10,140 buyers in 2023, at a median $1,100,000.
Vancouver’s homes, by three sources
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $1.73M
- Owners
- 138,850
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $1.47M
- ÷ buyers’ income
- 6.5×
- Buyers
- 10,140
- 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).
Houses in Vancouver carry 3.4 times the assessment of the median for British Columbia’s towns
Condos account for 52% of the 203,470 properties on Vancouver’s 2024 roll.
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.
62% of Vancouver lives in apartments, where British Columbia’s towns have 12%
At the 2021 census, Vancouver had 305,335 homes with someone living in them. 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
| Vancouver | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 37% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 8% | 4% | 3% |
| Households in core housing need | 19% | 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.
19 new homes a year per 1,000 in Vancouver: in step with British Columbia’s towns (18.1)
Over 2018–2023, 36,663 homes were permitted in Vancouver, close to 6,111 each year. Only 9% went into single-unit buildings, beside 27% for British Columbia’s towns. Vancouver shares its monthly permits numbers with the rest of the Vancouver metro area.
A peak in 2022: 8,052 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.
Vancouver is 101% 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 Vancouver: Mount Pleasant and Fairview
Next to Vancouver: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Vancouver | $1.45M | $1.73M | 46% | |
| Riley Park | $2M | $2.02M | 57% | 0.8 |
| Mount Pleasant | $850K | $1.08M | 40% | 1.1 |
| South Cambie | $1.45M | $2.08M | 58% | 1.3 |
| Little Saigon | $1.51M | $1.49M | 55% | 1.5 |
| Fairview | $900K | $1.03M | 41% | 2.3 |
| Shaughnessy | $5M | $5.31M | 73% | 2.6 |
Census 2021 values; km.
Questions about property prices in Vancouver
Is Vancouver expensive for British Columbia?
Dearer than the middle: British Columbia’s towns come to $720,000, Vancouver to more.
How many households in Vancouver are in core housing need?
More than most: 19% of households in Vancouver, where British Columbia’s towns sit at 10%.
What is the average house price in Vancouver?
Homes sold for an average $1,470,000 in 2023; the median buyer paid 6.5 times their household income.
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).