Kelowna moves to 6th most expensive rental market in Canada

The report comes from the Canadian National Rent Report from Padmapper for February 2019

Kelowna’s rental market has moved to the sixth most expensive market in Canada.

In a 15.5 per cent increase from February 2018, the Canadian National Rent Report from PadMapper sets the medians of one and two bedroom rentals at $ 1,340 and $1,600 respectively in Kelowna.

RELATED: Kelowna ranked 7th most expensive rental market in Canada

In January, Kelowna was ranked into seventh out of the 24 largest cities in the country. This month, Kelowna comes in behind Toronto, Vancouver, Burnaby, Montreal, and Victoria.

Overall, nine Canadian cities saw an upward trend, six downward, and nine remained stable last month. Kelowna’s average is just $50 dollars less than the fifth most expensive, Victoria, and could potentially continue to rise.

To report a typo, email:
newstips@kelownacapnews.com
.


@KelownaCapNews
newstips@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Funds needed for special diving team to find missing Okanagan kayaker

Zygmunt Janiewicz was last seen on Okanagan Lake May 17

Lake Country councillors want stricter regulations, more signage on public smoking

In 2019, 21 fires in Vernon to Penticton zone have been human caused, some linked to cigarette butts

Kelowna Falcons’ take flight for shut-out victory

Kelowna’s bats and pitchers led the Falcons to a 3-0 win

Unexpected snow on Okanagan Connector, Pennask Summit

As of 6:50 a.m. DriveBC cameras displayed surprise snowfall on highway

Spikeball tournament sets up for Kelowna summer

The tournament for the four-player beach game comes July 13

VIDEO: Weekday weather update for the Okanagan Valley

Snow is expected on the Okanagan connector and thunderstorms across the Valley

New RCMP policy is a little hairy

Members now allowed to grow beards and goatees

Pair of B.C. cities crack Ashley Madison’s “Infidelity Hotlist”

Data from the website reveals Abbotsford and Kelowna hottest spots for cheaters

Okanagan school digs up $2,500 recycling prize

Kalamalka Secondary students recognized for establishing a new culture of recycling

Billboard posted along B.C.’s Highway of Tears to remember missing and murdered Indigenous women

Billboards featuring Indigenous artwork to be placed in Surrey, Kamloops and near Prince George

Driver loses tire while behind the wheel after lug-nut thief strikes in Burnaby

Burnaby RCMP are investigating after two reports of lug-nut tampering in the city this month

Federal cabinet ministers visit Edmonton, Calgary, in wake of TMX approval

Natural Resources Minister Amarjeet Sohi is set to visit Trans Mountain Corp.’s terminal in Edmonton

B.C. municipality prepares to forbid overnight camping by homeless despite court ruling

While courts have ruled against blanket bans, Langley City is employing a site-by-site approach

B.C. auditor says Indigenous grad rate highest ever but education gaps exist

The percentage of Indigenous students graduating from B.C. public high schools has hit its highest level ever

Most Read