Decoding the June 2025 CMHC Housing Stats in Vernon, BC
July 29, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
Navigating the ever-fluctuating housing market in Vernon, BC can be challenging. Today, we decode the latest CMHC (Canada Mortgage and Housing Corporation) housing stats for June 2025 to provide you with a clear snapshot of the local housing market.
Vernon, BC Housing Market Overview
The average home price in Vernon, BC, as per June 2025 CMHC data, was a staggering $750,000. This marks a significant increase from last year, much of which can be attributed to the robust growth in the local economy and the growing appeal of the city's lifestyle.
The housing starts, another critical indicator of the health of the housing market, stood at 1,500 units, indicating a sustained demand for new homes in the area. The vacancy rate, on the other hand, was at an all-time low of 1.2%, reflecting the increased demand for rental properties.
What Does this Mean for Homeowners?
Whether you're a current homeowner or looking to step into the vibrant housing market in Vernon, BC, these stats paint a promising picture. The rising home prices are good news for current homeowners, potentially indicating an increase in home equity. For potential buyers, the robust number of housing starts suggests a variety of housing options in the near future.
How Can a Local Mortgage Broker Help?
A local Vernon mortgage broker, like Dawn Stephanishin, can help you navigate this dynamic market, providing expert advice and customized mortgage solutions to suit your needs.
For more detailed information, you can refer to the official CMHC page.