B.C. Housing helping out middle-income Kelowna families with rental housing - InfoNews

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B.C. Housing helping out middle-income Kelowna families with rental housing

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May 24, 2019 - 12:12 PM

KELOWNA - Those having a tough time finding a place to rent in Kelowna can look forward to 157 new rental units opening up downtown by late next year.

The province has teamed up with PC Urban to build two six-storey buildings at the corner of Clement and Ethel. Construction is expected to start next month.

The units are aimed at people who earn $52,000 to $71,000 a year, states a press release from the Ministry of Municipal Affairs and Housing.

“New rental homes are desperately needed for a range of people in need, including those in middle-income households,” Minister of Municipal Affairs Selina Robinson said in the release, which notes that Kelowna’s rental vacancy rate is only 1.9 per cent.

The province will provide interim construction financing for the project where one-bedroom units will rent for around $1,300 and two-bedroom for $1,780 per month.

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