iN NUMBERS: The state of the housing market in the Thompson-Okanagan | iNhome
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iN NUMBERS: The state of the housing market in the Thompson-Okanagan

The dream used to be to own a detached home with a white picket fence, but a lot of young people these days are dreaming of renting their very own studio or owning a one-bedroom condo.

Here are some figures on the state of housing in Thompson and the Okanagan:

  • 17.8 billion: Dollars in housing projects in Thompson-Okanagan in the third quarter of 2024.
  • 31.5 billion: Dollars in federal grants for housing in Kelowna.
  • 90: Per cent of housing projects in Kelowna are attached units rather than detached homes.
  • 27.6: Per cent increase in housing starts in Kelowna year-over-year.
  • 90,000: Dollar spike in median home price in Central Okanagan between January and February.
  • 2,254: Houses for sale in the Okanagan Valley in March.
  • 278: House purchases in the Okanagan Valley in March.
  • 37,000: Drop in median home prices in Penticton, South Okanagan in the last year.
  • 60: Home purchases in Vernon, North Okanagan in March.
  • 384: Houses were for sale in Vernon, North Okanagan in March.

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Marshall Jones

News is best when it's local, relevant, timely and interesting. That's our focus every day.

We are on the ground in Penticton, Vernon, Kelowna and Kamloops to bring you the stories that matter most.

Marshall may call West Kelowna home, but after 16 years in local news and 14 in the Okanagan, he knows better than to tell readers in other communities what is "news' to them. He relies on resident reporters to reflect their own community priorities and needs. As the newsroom leader, his job is making those reporters better, ensuring accuracy, fairness and meeting the highest standards of journalism.

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