Rental prices for a one-bedroom unit have climbed in Kelowna in the last year (File photo) Rental prices for a one-bedroom unit have climbed in Kelowna in the last year (File photo)

Kelowna is eighth most expensive Canadian city to rent: Report

Cost for renting a one-bedroom unit in Kelowna has increased by 3.8 per cent to $1,350 in last year

Kelowna is still the eighth most expensive city in Canada for renting a one or two-bedroom unit, according to a recent rental report.

Out of 24 Canadian cities, the report said Kelowna’s affordability ranking remained unchanged from last January.

In terms of prices, the cost of a one-bedroom unit in Kelowna still increased by almost four per cent to $1,350 since last January. Prices for a two-bedroom unit decreased by three per cent to $1,630 since last January.

Across the province, the report said monthly prices for a one-bedroom rental in Burnaby, BC, increased by over ten per cent to $1,730 since last January. One-bedroom rental prices in Victoria also increased by almost nine per cent to $1,510 since last January.

Toronto and Vancouver are still the most expensive place to rent a one-bedroom unit at $2,300 and $2,150 respectively.

To view the full report, you can visit PadBloggers website.


@connortrembley
connor.trembley@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Top spots to watch the Superbowl in Kelowna

A look at venues with great deals, big screens and game-level volume

Province seeking public input on improvements along Highway 97 in Lake Country

An open house will be held on the matter at the Winfield Memorial Hall in Lake Country on Feb. 5

Kelowna RCMP search for suspect in violent wallet theft

The woman was walking along McCurdy Road when she was pushed down by a passing male

Restaurant owners to present cheque to family of Kelowna girl diagnosed with tumour

Central Kitchen and Bar staff recently held fundraiser to help with Elara’s treatment costs

Former Hells Angels associate in Kelowna court on gun, drug charges

Former Hells Angels associate Dale Habib appears in Kelowna court

Kelowna’s Fireside Festival focuses on diversity in its 7th year

The festival sold over 1,000 tickets to the three-day indie festival

Lecture series celebrates Okanagan art

David Doody presents at Vernon Art Gallery for UBCO Lecture Series

B.C. reports first coronavirus in Vancouver region

First patient visited Wuhan, China, reported symptoms

Earthquake on top of highway closure a wake up call for Island’s West Coast

“When someone says, ‘Be prepared for 72 hours,’ that means exactly that: be prepared.”

Pregnant B.C. woman stuck in Wuhan, the epicentre of coronavirus outbreak

Woman is due to give birth in Wuhan, China unless she can get out

Taxi association asks B.C. Supreme Court to stop Uber, Lyft from operating

Petition alleges Passenger Transportation Board did not take taxis into account

Morning Start: Wuhan coronavirus vs. SARS

Your morning start for Tuesday, January 28, 2020.

Majority of Canadian boards had no female members in 2016 and 2017: StatCan

Statistics Canada says 18.1 per cent of director seats were held by women in 2017

Swapping grape varieties can help winemakers adapt to climate change: UBC study

Report says 56% of wine-grape-growing regions would be lost if global climate warms by 2 C

Most Read