Affordable Housing Issues in the North Okanagan

Greater Vernon has housing challenges primarily due to lower than average family incomes, lower than average inventory of multi-unit housing, higher than BC average home values, and other factors. This challenged housing situation creates resident lifestyle difficulties and community economic problems such as employers being unable to attract or retain employees due to unaffordable housing.

Low-income cut off - as provided by Stats Canada:

 
1 2 3 4 5 6
1 Adult $18,178 $25,449 $30,903 $36,356 $41,809 $47,263
2 Adults $25,449 $30,903 $36,456 $41,809 $47,263 $52,716

As of 2009 the total population age groups receiving BC Basic Income Assistance or Employment Insurance are:

Age Vernon BC Average
19 - 24 9.3% 4.6%
25 - 54 7.7% 4.9%
55 - 64 3.6% 2.6%

In 2009, median sale price for a single detached home in the North Okanagan was $345,000.

In 2009, median sale price for a townhouse unit in the North Okanagan was $269,450.