Property Prices in Vernon, BC, Canada

Index Info
Price to Income Ratio: 9.73
Mortgage as Percentage of Income: 74.38%
Loan Affordability Index: 1.34
Price to Rent Ratio - City Centre: 30.40
Price to Rent Ratio - Outside of Centre: 22.16
Gross Rental Yield (City Centre): 3.29%
Gross Rental Yield (Outside of Centre): 4.51%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre C$1,570.00 1,300.00-2,300.00
1 Bedroom Apartment Outside of City Centre C$1,547.50 1,300.00-1,800.00
3 Bedroom Apartment in City Centre C$2,376.00 1,900.00-3,000.00
3 Bedroom Apartment Outside of City Centre C$2,195.00 1,600.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre C$898.06 464.51-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre C$628.81 400.00-929.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) C$4,220.78
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.58 3.50-5.35

These data are based on 47 entries from 8 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References
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