Rental accommodation is still tough to find and is more expensive in the Central Okanagan.
A Canada Mortgage Housing Corporation report shows the vacancy rate from Lake Country to Peachland was 1.3 per cent in 2023, compared to 1.2 per cent in 2022.
The B.C. vacancy rate fell slightly, from 1.3 per cent in 2022 to 1.2 per cent in 2023.
The report also shows a 10.2 per cent increase in average rents in the Kelowna region.
Average rent for a two-bedroom apartment was $1,805 in 2023, compared to $1,690 in 2022, while the average rent for a two-bedroom apartment in B.C. for 2023 was $1,867, up from $1,721 in 2022.
Kelowna and area have the fourth-highest average two-bedroom rent in the country behind Vancouver, Toronto and Victoria.
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