Kelowna remains one of the most expensive cities in Canada to rent | iNFOnews | Thompson-Okanagan's News Source
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Kelowna News

Kelowna remains one of the most expensive cities in Canada to rent

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KELOWNA - Two agencies that publish monthly rental rate updates across Canada found radically different results for Kelowna in July.

Rentals.ca recorded a 3.3 per cent increase for two bedroom units to $1,878 in July versus June, making it the ninth most expensive city in Canada to rent an apartment.

Padmapper, on the other hand, reported a 2.8 per cent decline for the same category to $1,730, tying Kelowna with Victoria as the sixth most expensive city.

That $1,730 rate would drop Kelowna to 13th on the Rentals.ca listing.

Rankings are often based on the rental rates for one bedroom apartments but Rentals.ca did not have those figures available for Kelowna. PadMapper listed a one bedroom at $1,280 in Kelowna, unchanged from June.

The two organizations do agree Kelowna is among the most expensive rentals in the country with Toronto at number one and Vancouver second, in the one bedroom category, although the rental rates differ.

PadMapper has a one bedroom in Toronto listed at $2,300 while Rentals.ca pegs the average at $2,028.

PadMapper.com says its report is based on “hundreds of thousands of active listings across the country,” but doesn’t say if those are just on its own site.

Rentals.ca says its data is based on listings on its website and "includes basement apartments, rental apartments, condominium apartments, townhouses, semi-detached houses and single-detached houses."

No other Thompson-Okanagan cities are included in either survey.


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