Cost to rent one-bedroom apartment in Kelowna surges past $1,800 mark
The cost of renting a one-bedroom apartment in Kelowna jumped 5.8% in August versus July, coming in at $1,830 per month.
That’s the highest it has been after peaking at $1,800 in April before dropping over the summer.
It also moves Kelowna from sixth to the fifth most expensive of 24 Canadian cities listed by Zumper.com, a major online rental site.
That 5.8% increase was also one of the highest in the county.
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Vancouver rents went up by 4.2% and pushed the price of a one-bedroom apartment to $2,500, more than $500 higher than Toronto.
Victoria was the third most expensive city in Canada at $1,970, a drop of 1%, while Burnaby came in fourth at $1,960, a 1% increase from July.
For two-bedroom units, Kelowna saw a 5.7% increase to $2,430. Vancouver topped the listings at $3,630.
A separate Zumper.com report shows the average rent for a one-bedroom apartment in Kamloops dropped 2% to $1,602 but it only shows one apartment for rent.
Some more affordable cities in Canada for one-bedroom apartment rentals include Calgary at $1,450, Abbotsford at $1,410 and Saskatoon at $990.
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