Vernon, British Columbia

A city of 49,527 that is headquarters to two large privately held Canadian companies — Tolko Industries, one of the country's biggest private forest-products firms, and Kal Tire, its largest independent tire dealer — and yet carries no major-industry assessment at all, because both are head offices: Tolko's mills sit in the villages around Vernon, not in it, and the city's real estate is a retail-and-office base 86% of it privately held, topped by two shopping centres that between them pay more tax than either head office.

8 buildings · 6 with an owner established · 17 sources · 6 tier B · 2 tier A · prepared 2026-09-27

Can you find out who owns it?

British Columbia's land title register is run by the Land Title and Survey Authority and anyone may search it, but every search is a paid transaction: the LTSA Customer Fee Listing as at 1 April 2026 prices a title search, and a search under section 377 of the Land Title Act, at $11.06. There is no bulk owner product and no price-paid file. The unusual piece is the Land Owner Transparency Registry, which names the individuals behind corporations, trusts and partnerships holding BC land and is free — the same fee schedule prices a search of publicly accessible information under section 35 of the Land Owner Transparency Act at NIL. Vernon publishes no ownership data of its own, and BC Assessment's site forbids commercial use of its values, so building-level ownership is a paid title search. What Vernon does publish, and few cities of its size do, is a ranked table of its twenty Principal Corporate Taxpayers with each one's general tax levy, in its audited annual report — which names the properties that matter, though not always who owns them.

Is ownership public?Public, but one paid search at a time

Cost of one title search$11.06 — "Title Search" and "For a search under section 377 or a copy of the search results, or both" (LTSA Customer Fee Listing as at April 1, 2026). A search of publicly accessible information under section 35 of the Land Owner Transparency Act is priced NIL on the same schedule.

Bulk ownership dataNone published

Sale pricesAggregates only — no individual sales

Sites that forbid taking their data

bcassessment.ca — “Any commercial use of these data in whole or in part, directly or indirectly, including the use of such data for business, residential address or telephone directory services or any solicitation service is specifically prohibited except with the prior written authority of the owner of the copyright.”

The marquee buildings

The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.

Building	Use	Owner	Owner type	Last price paid
SmartCentres Vernon 2200 58th Avenue (27th Street & Highway 97) 268,490 sq ft	Retail	SmartCentres Real Estate Investment Trust 100% SmartCentres' own property page gives the address, 268,490 square feet and "OWNERSHIP 100%", describes it as "a Walmart Supercentre-anchored shopping centre located minutes from the Okanagan Highway off 27th Street" featuring HomeSense, Reitmans, RONA, Best Buy and Marks and adjacent to Rona, and states that leasing is "managed by SmartREIT Property Management (West) Inc.". The City of Vernon's 2025 Annual Report ranks "Vernon Smart Centre (including Wal-Mart)" second among its Principal Corporate Taxpayers at $595,000 of 2025 general tax levy.	REIT	—B SmartCentres Real Estate Investment Trust
Village Green Shopping Centre 4900 27 Street	Retail	Not established a paid title search would answer it Vernon's single largest corporate taxpayer: the City's 2025 Annual Report ranks "Village Green Shopping Centre" first of twenty at $658,000 of 2025 general tax levy, more than either head office in the city. Who owns it now is not on the published record. Peterson (Peterson Marketing Inc., Vancouver) carries "Village Green Shopping Centre North, Vernon" at 4900 27 St on its own portfolio page but flags it "Divested". BentallGreenOak markets the leasing. Neither states a current registered owner, and a title search at $11.06 would answer it.	Not established	—A City of Vernon
Tolko Industries corporate office 3000 28 Street	Office	Tolko Industries Ltd. Tolko's own division page states: "The current Vernon Office opened its doors in 2008. Our four-story green building is in the heart of downtown and is home to our 190 centralized service employees", housing marketing, sales, logistics, finance, HR, corporate woodlands, IT and "Tolko's Executive Team". The City's 2025 Annual Report ranks "Tolko Industries - Corporate Office" eighth among Principal Corporate Taxpayers at $175,000 of general tax levy, which identifies Tolko as the ratepayer for the building. Tolko's history page traces the company to the Thorlakson family and the Lavington Planer Mill, incorporated 21 August 1961.	Private company	—B Tolko Industries Ltd.
Kal Tire administrative head office 1540 Kalamalka Lake Road	Office	Kal Tire Kal Tire's contact page gives 1540 Kalamalka Lake Road, Vernon as its address and PO Box 1240, Vernon as its mailing address; its careers page states "Kal Tire started as a single service station in Vernon, BC in 1953" and that it now has "more than 6500 team members and over 270 stores across the country", and names "Vernon Office" as one of its divisions. The City's 2025 Annual Report ranks "Kal Tire - Corporate Office" sixth among Principal Corporate Taxpayers at $251,000 of general tax levy — ahead of Tolko — which identifies Kal Tire as the ratepayer.	Private company	—B Kal Tire
Vernon Jubilee Hospital 2101 32nd Street	Institutional	Interior Health Authority Interior Health's own location page gives the address as "2101 - 32nd Street Vernon BC V1T 5L2" and describes core medical and surgical specialty services including "core physician specialties, 24 hour emergency and trauma services, and acute and obstetrical care", and links a "Vernon Hospital Expansion" project; it does not state a bed count. The City's 2025 Annual Report shows a Regional Hospital District requisition collected through Vernon property taxes rising from $4,160,000 in 2021 to $4,314,000 in 2025.	Government	—B Interior Health
Active Living Centre 3501 43rd Avenue (Lot A Section 3 Township 8 Osoyoos Division Yale District Plan EPP135387)	Civic	City of Vernon The largest single thing the City has ever built. Its 2025 Annual Report records "a $43.3M net increase in long-term debt issued for the $136M recreation Active Living Centre project which is financed by $121M in debt and $15M of reserve funding", delivered under an Integrated Project Delivery model and slated to open in Fall 2026, with a phased 3.5% annual tax increase for debt servicing. The City's public notices confirm ownership and give a market reference point: a Notice of Lease for "the 1,600 ft2 portion of the City-owned Active Living Centre located at Unit #1011, 3501 - 43rd Avenue" at "$30.00/square foot" for five years from 1 November 2026 with three five-year renewal options.	Government	—B City of Vernon
The Shops at Polson Park Vernon, BC — civic address not stated in the sources opened	Retail	Not established a paid title search would answer it Fifth among the City's twenty Principal Corporate Taxpayers at $254,000 of 2025 general tax levy. No opened source names an owner. The same table's other unowned-on-the-record retail is Real Canadian Superstore ($338,000, fourth), Vernon Square northern and southern portions ($226,000 and $109,000), Vernon Storage Centre ($172,000), The Home Depot ($156,000), Anderson Crossing ($134,000), Fruit Union Plaza ($125,000) and Rona ($117,000); the hotels are Sparkling Hills Resort ($379,000, third in the city), Holiday Inn, Best Western Premier Route Vernon, Fairfield Inn & Suites by Marriott and Prestige Hotel Vernon.	Not established	—A City of Vernon
Kal Tire Place and Kal Tire Place North Vernon, BC — civic address not stated in the sources opened	Civic	City of Vernon The City lists Kal Tire Place among its recreation facilities and runs an "About Kal Tire Place" page in its own site navigation; the naming is a sponsorship, not ownership, and the City's 2025 Annual Report records a 1,200-person SiriusXM concert held at Kal Tire Place North after Vernon was named SiriusXM's Music Town. Named here because the city's two best-known private companies appear on its public buildings as sponsors rather than as landlords.	Government	—B City of Vernon

The core land

The most valuable ground in the city, and what the public record says about it.

Vernon's assessment base says something plainer than its reputation. There is no major-industry assessment in the city at all — not one dollar — even though the head office of one of Canada's largest privately held forest-products companies is four storeys of it downtown. Tolko's own divisions list places its BC operations at Armstrong, Eagle Rock, Heffley Creek, Lake Country, Lavington, Lumby, Williams Lake and Soda Creek; none of them is Vernon. What Vernon actually is, on the roll, is $13.5–13.7 billion of houses and $1.9 billion of business-and-other, with $77–79 million of light industry and nothing heavier.

City total assessed value$15.70B

$15,696,322,467 for general municipal purposes on the 2026 roll: residential $13,655,453,820, business and other $1,917,074,392, light industry $79,142,400, recreation and non-profit $27,857,800, utilities $12,745,885, farm $4,007,456, managed forest $40,700, supportive housing $14. BC Ministry of Municipal Affairs, Local Government Statistics Schedule 701 for 2026. The City's own 2025 table gives $15,541,904 thousand, a 0.9% year-on-year rise after 29.4% in 2022.

Major industry assessed value$0

The major-industry class is nil on the 2026 roll, and the City's own five-year assessment table has no major-industry line at all. Light industry is $77,607 thousand on the City's 2025 table, 0.5% of the base. Schedule 701, 2026 roll, City of Vernon.

Top twenty corporate taxpayers' share8.5% — $4.45M of $52.18M

The City's 2025 Annual Report states that its twenty Principal Corporate Taxpayers paid $4,448 thousand of $52,175 thousand of city-wide general and fire tax revenue in 2025. The largest single payer, Village Green Shopping Centre, paid $658 thousand — 1.3% of the whole levy. No highest-assessed-parcel figure is published; BC Assessment's values may not be reused commercially.

Private share of land area86.4%

Of 7,994.9 ha in 11,384 active titled parcels inside the city boundary, ParcelMap BC records 6,910.7 ha in 10,132 private parcels (86.4%), 382.3 ha in 354 local-government parcels (4.8%), 308.0 ha in 69 Crown Provincial parcels plus 44.9 ha Untitled Provincial (4.4%), 147.7 ha in 10 federal parcels (1.8%) and 23.9 ha in 36 Crown agency parcels. ParcelMap BC Parcel Fabric, WFS extract, September 2026; derived aggregate only, no rows reproduced.

Average single-family assessed value, 2025$814,000 ($360,000 land)

The City's 2025 Annual Report gives average single-family residential assessed values of $360 thousand land and $454 thousand improvements, $814 thousand in all — down 0.2% on 2024 and up from $462 thousand in 2021. The land component is the closest published land-value benchmark for Vernon.

City-wide turnover, 20251,160 sales, $843.3M

1,160 market transactions in the City of Vernon across 2025 — 1,092 residential, 65 commercial, none industrial, two farm — with total fair market value of $843,296,060 and $12,399,928 of property transfer tax paid; average residential transaction $698,265. Adjacent Vernon Rural recorded a further 270 transactions worth $221,966,705, 19 of them farm. BC Ministry of Finance property transfer tax data, municipal monthly file 2025.

Who owns the town

At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.

The interesting thing about Tolko in Vernon is that the company is not a landholder in Vernon. It is a tenure holder around it. The province's records put 110,510 ha of Tree Farm Licence 49 and 527 active cutting authorities over 54,850 ha in Tolko's name — all of it licence over Crown land, none of it owned — while inside the city Tolko is a four-storey office paying $175,000 of tax. Land inside Vernon is 86.4% privately held in 10,132 separate parcels, the most dispersed ownership of any record in this section; the largest single holders are the City itself, the Crown and the federal government.

Name	Type	Holdings
Tolko Industries Ltd. The province's Tree Farm Licence current-view layer names Tolko Industries Ltd. as licensee of TFL 49 with a mapped area of 110,510 ha, twentieth largest of BC's 38 tree farm licences. The Forest Tenure Harvesting Authority layer records 527 active cutting authorities in Tolko's name over 54,850 ha, 313 of them (24,403 ha) in the Okanagan Shuswap district around Vernon. All of it is tenure over Crown land under licence, not fee-simple ownership — and Tolko's own site lists no mill in Vernon: its BC divisions are Armstrong, Eagle Rock, Heffley Creek, Lake Country, Lavington, Lumby and Williams Lake, with Vernon as "Corporate Office".	Private company	Tree Farm Licence 49, 110,510 ha; 527 active cutting authorities over 54,850 haA BC Ministry of Forests via BC Geographic Warehouse WFS
Private owners, collectively ParcelMap BC, active titled parcels inside the City of Vernon, September 2026. Of the 11,384 active parcels, 7,166 are ordinary subdivisions, 2,721 building strata and 781 bare land strata — so a quarter of Vernon's titles are strata lots, which is where the city's new housing has gone.	Private company	6,910.7 ha across 10,132 parcels — 86.4% of the cityA Land Title and Survey Authority of BC via BC Geographic Warehouse WFS
City of Vernon ParcelMap BC's local-government count for the municipality, which also includes other local bodies. The City's own 2025 Annual Report puts its net investment in tangible capital assets at $772.7M, up from $699.2M in 2024 and $616.7M in 2021, with reserves of $64.9M and a net debt position of $(21.4)M after borrowing $121M for the Active Living Centre. The City notes that the Regional District of North Okanagan, not the City, owns the water utility that the City operates under contract.	Government	382.3 ha across 354 parcels — 4.8% of the cityB City of Vernon
Province of British Columbia 69 Crown Provincial parcels over 308.0 ha and 42 Untitled Provincial parcels over 44.9 ha, plus 36 Crown agency parcels over 23.9 ha. ParcelMap BC, September 2026.	Government	352.9 ha across 111 parcels — 4.4% of the cityA Land Title and Survey Authority of BC via BC Geographic Warehouse WFS
Government of Canada Ten federal parcels averaging just under 15 ha each, the largest average parcel size of any owner class in Vernon. ParcelMap BC records the owner type only; which department holds them, and what they are used for, is not in the dataset and no document establishing it was opened.	Government	147.7 ha across 10 parcels — 1.8% of the cityA Land Title and Survey Authority of BC via BC Geographic Warehouse WFS
Kal Tire Kal Tire's own About Us page states "In Canada, five Kal Tire warehouses with over 80 acres of warehouse space and storage facilities support our network of locations from coast to coast", alongside "over 280 Kal Tire locations across Canada", "over 500 service trucks" and a Mining Tire Group of "more than 2600 team members". The page does not say where the warehouses are, so the acreage is not attributable to Vernon. What is attributable is the head office: sixth-largest corporate taxpayer in the city at $251,000 of 2025 general levy.	Private company	head office at 1540 Kalamalka Lake Road; five Canadian warehouses with over 80 acres of spaceB Kal Tire
Wesbild Holdings Ltd. Wesbild Holdings Ltd., a Vancouver private developer, describes Predator Ridge in the hills above Vernon on its own site as "A master-planned resort community located in the sunny Okanagan Valley" with "nearly 1,000 units built-to-date", two golf courses and a resort. "Predator Ridge Limited Partnership" holds residential-builder licence 53932 in good standing on BC Housing's registry and is returned on a By-City search for Vernon. No document opened establishes how much land the community covers or how much of it falls inside the city boundary.	Private company	Predator Ridge — "nearly 1,000 units built-to-date"B Wesbild Holdings Ltd.

Who builds the houses

New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.

Vernon issued 171 residential building permits in 2025 for 244 new residential units, with $112.4M of residential construction value inside a $204.9M all-sector total — a smaller number of permits at higher average value than in 2022–23. There is no homes-per-builder league table for British Columbia: the province licenses residential builders and warrants new homes, but BC Housing's New Homes Registry does not publish per-builder counts, and BC Assessment's values may not be reused commercially. The one public, checkable register is BC Housing's Licence Registry, which on a By-City search for Vernon returns 160 residential-builder licences in good standing — 143 of them named companies, the rest numbered companies and individual licensees, who are not named here. That is the honest figure: Vernon's housing is built by a very long tail, not by three volume builders.

Name	Type	Licence status
Carrington Homes Ltd. and Carrington Construction Canada Ltd. Two related Carrington licences appear on the Vernon By-City search, one a homes licence and one a construction licence. BC Housing Licence Registry, September 2026. Unit output is not published.	Private company	Licences 43282 and 49285, both in good standingA BC Housing, Licensing & Consumer Services
Bercum Builders Inc. One of the lowest licence numbers on the Vernon list, so among the longest-standing licences in the city. BC Housing Licence Registry, September 2026.	Private company	Licence 20162, in good standingA BC Housing, Licensing & Consumer Services
AuthenTech Homes Ltd. The lowest licence number returned on the Vernon By-City search. BC Housing Licence Registry, September 2026.	Private company	Licence 20056, in good standingA BC Housing, Licensing & Consumer Services
Predator Ridge Limited Partnership The resort community's own building entity; Wesbild Holdings Ltd. states nearly 1,000 units built to date at Predator Ridge. BC Housing Licence Registry, September 2026.	Developer	Licence 53932, in good standingB BC Housing, Licensing & Consumer Services
Everton Ridge Homes Ltd. BC Housing Licence Registry, By-City search for Vernon, all licence types, in good standing, September 2026.	Private company	In good standingA BC Housing, Licensing & Consumer Services
Built Prefab Corporation A prefabricated-housing manufacturer on the Vernon list — notable in a market where 81% of BC's small-city stock is site-built single-detached. BC Housing Licence Registry, September 2026.	Private company	Licence 46518, in good standingA BC Housing, Licensing & Consumer Services
SilverRock Land Corp. One of the land-development rather than house-building licensees returned on the Vernon search, alongside Commonage (1) Limited Partnership and Raza Pacific Developments Three Limited Partnership. BC Housing Licence Registry, September 2026.	Developer	In good standingA BC Housing, Licensing & Consumer Services

Commercial landlords

The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.

Vernon has exactly one institutional commercial landlord that can be established from a filing or an owner's own portfolio record, and it is a REIT with a single power centre. Everything else on the City's own ranked table of Principal Corporate Taxpayers is either a named property with no published owner or an owner-occupier. The table is the best available substitute for a landlord list and is reproduced as figures rather than as an ownership claim: Village Green Shopping Centre $658,000, Vernon Smart Centre (including Wal-Mart) $595,000, Sparkling Hills Resort $379,000, Real Canadian Superstore $338,000, The Shops at Polson Park $254,000, Kal Tire corporate office $251,000, Vernon Square (northern) $226,000, Tolko corporate office $175,000, Vernon Storage Centre $172,000 and The Home Depot $156,000 of 2025 general tax levy.

Name	Type	Floor area
SmartCentres Real Estate Investment Trust SmartCentres' own property page for SmartCentres Vernon at 2200 58th Avenue states 268,490 square feet and "OWNERSHIP 100%", with Walmart Supercentre as anchor and leasing managed by SmartREIT Property Management (West) Inc. The City ranks the property second among its corporate taxpayers at $595,000 of 2025 general levy.	REIT	268,490 sq ft, 100% ownedB SmartCentres Real Estate Investment Trust
Tolko Industries Ltd. An owner-occupier rather than a landlord: Tolko's own page describes the 3000 28 Street building, opened 2008, as home to 190 centralized service employees and its executive team. Eighth among the City's corporate taxpayers at $175,000.	Private company	one four-storey downtown office, 190 employeesB Tolko Industries Ltd.
Kal Tire Also an owner-occupier. Sixth among the City's corporate taxpayers at $251,000 of 2025 general levy — the larger of Vernon's two head-office ratepayers.	Private company	head office at 1540 Kalamalka Lake RoadB Kal Tire
City of Vernon The city's largest landlord by area and by book value, and an active commercial lessor: it advertised a 1,600 sq ft unit in the City-owned Active Living Centre at $30.00 per square foot for five years from 1 November 2026, with three five-year renewal options at market.	Government	382.3 ha across 354 parcels; $772.7M net investment in tangible capital assetsB City of Vernon

Looked for and not found

Claims this page would have made if a source could be opened. They are left out rather than guessed.

Who owns Village Green Shopping Centre, Vernon's single largest corporate taxpayer. Peterson's own portfolio page carries it but marks it "Divested"; BentallGreenOak markets the leasing, which in BGO's case is usually done on behalf of institutional clients rather than as principal; neither names a registered owner. A title search on the 4900 27 Street parcels at $11.06 each would answer it.
Who owns the other named properties in the City's top-twenty table — Sparkling Hills Resort, Real Canadian Superstore, The Shops at Polson Park, Vernon Square (both portions), Vernon Storage Centre, Anderson Crossing, Fruit Union Plaza, the Nixon Wenger office building and the five hotels. The City publishes the property and the levy, never the owner.
Whether Tolko Industries Ltd. owns any land in Vernon beyond its head office. Tolko is a private company with no filing obligation; it publishes no property schedule, no employee total, no revenue and no landholding figure. Everything in this record about Tolko as a landholder comes from provincial tenure data (Crown land under licence, not owned) or from Tolko's own site, and the two together establish the absence of a Vernon mill rather than the extent of any Vernon ownership.
Whether the 80 acres of Kal Tire warehouse space includes any in Vernon. The company's own page states the total for Canada and does not locate it.
How many units Vernon's builders each completed. No BC source publishes it; the 160 registry licences establish who is permitted to build, not who built.
Which federal department holds the 147.7 ha of federal parcels inside Vernon. ParcelMap BC gives the owner class only, and no document establishing the holder was opened.
Whether any Vernon officeholder holds property relevant to their office. Nothing is recorded because nothing was found: no conflict-of-interest or financial-disclosure registry entry was opened, and the City's annual report does not carry one. The record makes no claim either way.

Sources

Fees — LTSA Customer Fee Listing as at April 1, 2026 — Land Title and Survey Authority of British Columbia · openA
About LOTR — Land Owner Transparency Registry — Land Title and Survey Authority of British Columbia · openA
ParcelMap BC Parcel Fabric (PMBC_PARCEL_FABRIC_POLY_SVW), City of Vernon — 11,384 active parcels by owner type — Land Title and Survey Authority of BC via BC Geographic Warehouse WFS · openA
City of Vernon 2025 Annual Report — including Principal Corporate Taxpayers, Assessed Values, Building Permits and Business Licences, Permissive Tax Exemptions and the audited financial statements; and the City's Public Notices page — City of Vernon · openA
SmartCentres Vernon — property overview (268,490 sq ft, ownership 100%) and leasing brochure — SmartCentres Real Estate Investment Trust · openA
Divisions — Corporate Office, Vernon, BC; Tolko Profile; and Our History — Tolko Industries Ltd. · openA
About Us, Contact Us and Careers — Kal Tire · openA
Vernon Jubilee Hospital — location page — Interior Health · openA
Kal Tire Place — recreation facility page, and Active Living Centre — City of Vernon · openA
FADM Tree Farm Licence Current View (FADM_TFL_ALL_SP) — all 38 licences with licensee and area; and Forest Tenure Harvesting Authority Polygons (FTEN_HARVEST_AUTH_POLY_SVW), active authorities for Tolko Industries Ltd. — BC Ministry of Forests via BC Geographic Warehouse WFS · openA
Predator Ridge — community page and corporate site — Wesbild Holdings Ltd. · openA
BC Housing Licence Registry — residential builder licences in good standing, By-City search for Vernon (160 results) — BC Housing, Licensing & Consumer Services · openA
Local Government Statistics — Schedule 701, Assessed Values for the year 2026 — BC Ministry of Municipal Affairs · openA
Property Transfer Tax Data 2025 — municipal monthly file — BC Ministry of Finance via BC Data Catalogue · openA
BC Assessment homepage and copyright notice — BC Assessment · openA
Village Green Shopping Centre North, Vernon — portfolio entry, marked "Divested" — Peterson · openA
Financial Statements & Annual Reports index — City of Vernon · openA