Kelowna 4th most expensive city in Canada to rent a home
The median rental rate for one-bedroom apartments in Kelowna increased by 3.7% in October versus September, climbing by $60 to $1,670.
That leaves the city ranked as the fourth most expensive in Canada for the second month in a row. It's behind Vancouver ($2,100), Toronto ($1,800) and Victoria ($1,680), according to the monthly rent report from online rental site Zumper.
READ MORE: Bidding war prices renter out of Kelowna basement suite
It was better news for those looking to rent a two-bedroom unit where rents fell by five per cent to $2,070 from $2,180.
For both sized units, the rents are just over 15% higher this year than in 2020.
Abbotsford is the only other B.C. city on Zumper’s list of 23 cities. It ranked ninth with a one-bedroom unit renting for $1,470 per month.
To contact a reporter for this story, email Rob Munro or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.
We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above.
