Apartment rents in Kelowna up almost 12 per cent from last year | iNFOnews | Thompson-Okanagan's News Source

Current Conditions


Kelowna News

Apartment rents in Kelowna up almost 12 per cent from last year

Image Credit: Shutterstock
December 15, 2020 - 11:20 AM

Kelowna is the fifth most expensive city in Canada to rent an apartment and is one of the top five most expensive in B.C.

The rankings, compiled by PadMapper, show a one-bedroom apartment going for $1,510 in Kelowna in November. That’s a 4.1 per cent increase over October and an 11.9 per cent increase over November, 2019. It was the only city in the top five to see rents go up in November versus October.

Vancouver topped the list at $1,950 per month, followed by Toronto ($1,900), Burnaby ($1,670) and Victoria ($1,630).

Two-bedroom apartments rent for $1,790 a month in Kelowna, the same as in October but up 11.2 per cent from last year.

Vancouver topped the list at $2,680 for two-bedroom apartments, which is a drop of 1.1 per cent from October and 11.6 per cent from last year.

Kamloops is not listed in the report, nor are any other Okanagan cities are listed in the report.

The PadMapper Canadian Rent Report is compiled from hundreds of thousands of active listings across the country to calculate the median rental rate.

The full report can be seen here.

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. 

News from © iNFOnews, 2020

  • Popular penticton News
View Site in: Desktop | Mobile