Affordable Housing Issues in the North Okanagan

The data below illustrates the housing and real estate "picture" of the North Okanagan. Affordable housing has become a critical issue for the Region as many of our employees/workers, youth, and young families as well as young professionals have been "priced out" of the owners market and rental vacancy rates are below 1%.

• In 2006, Vernon recorded a median individual income of $22,608, a figure that was 9% below the provincial average. It is estimated that Vernon’s median household income in 2006 was about $57,637.
  
  
• 77% of households in Vernon were owners in 2006; 23% were renters.

The median sale price for all single-detached homes in Vernon was $394,719 in 2008. The 2008 median sale price for townhouses in Vernon is estimated to have been $288,291.