Photo: Valentin8107 · CC BY-SA 4.0Vernon sits 27% below British Columbia’s towns on home values
The census median was $524,000 in 2021, against $720,000 for British Columbia’s towns. Those values come from owners at the 2021 census and predate the prices of the years since. Statistics Canada counted 1,480 buyers in 2023, paying a median $620,000.
Three ways to price a home in Vernon
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $592K
- Owners
- 13,050
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $680K
- ÷ buyers’ income
- 4.3×
- Buyers
- 1,480
- 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).
Vernon’s houses carry 2.6 times the assessment of its condos
In 2024, Vernon had 16,965 residential properties on the roll, detached houses 54% of them and condos 15%.
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 Vernon’s homes, against 10% for British Columbia’s towns
At the 2021 census, 48% of Vernon’s 19,795 occupied homes were 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
| Vernon | 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 | 7% | 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.
Vernon permitted 18.7 new homes a year per 1,000, close to the 18.1 of British Columbia’s towns
Building permits added 2,309 homes in Vernon between 2018 and 2023: some 385 a year. Only 20% went into single-unit buildings, beside 27% for British Columbia’s towns.
A peak in 2019: 457 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.
Vernon is 27% below 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.
Home values around Vernon
The places around Vernon at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Vernon | $524K | $592K | 66% | |
| Electoral Area C, North Okanagan | $755K | $812K | 83% | 5.2 |
| Electoral Area B, North Okanagan | $600K | $623K | 85% | 5.6 |
| Coldstream | $755K | $852K | 90% | 5.7 |
| Okanagan (Part) 1 | – | – | 90% | 9.1 |
| Spallumcheen | $640K | $680K | 81% | 17.5 |
Census 2021 values; km.
Questions about property prices in Vernon
Is Vernon expensive for British Columbia?
Cheaper than the middle: British Columbia’s towns come to $720,000, Vernon to less.
How many households in Vernon are in core housing need?
7% of Vernon’s households, under the 10% of British Columbia’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
What is the average house price in Vernon?
Buyers paid $680,000 on average in 2023, or 4.3 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).