Kelowna rental rates remain high

Kelowna rental rates remain high

Padmapper has listed Kelowna in the Top 10 most expensive rental markets

It’s still pricey to be a renter in Kelowna.

For the third month running, Padmapper ranked Kelowna the 6th most expensive rental market in Canada with the prices of one and two bedroom units settling at medians of $1,130 and $1,590, respectively.

Since this time last year, the price of one bedrooms in the city is up 15.3 per cent.


Overall, of the 25 cities in the November Rent Report, eight experienced a bump up in the rankings, six dropped down, and 11 had no change. Notably, the top 10 markets had the largest year over year changes in the country, ranging between 10 per cent – 16 per cent, with six of the 10 cities to experience this.

Top 5 Most Expensive Markets

  1. Vancouver, BC, though experiencing relatively stable rent prices this month with one bedrooms falling 1.9 per cent to $2,080 and two bedrooms staying stable at $3,200, remained the most expensive city in Canada. On a year over year basis, however, one bedroom prices are up 14.3 per cent.
  2. Toronto, ON rent saw a similar trend to Vancouver’s with fairly flat monthly rates, one bedrooms here dropped 1 per cent to $1,920 while two bedrooms increased a slight 0.4 per cent to $2,440, and a large yearly growth rate, two bedroom prices are up 14.6 per cent since this time last year.
  3. Barrie, ON ranked as third with one bedroom rent growing 3.2 per cent to $1,290 and two bedrooms increasing 3.3 per cent to $1,570. One bedroom prices here are up over 15 per cent since this time last year.
  4. Victoria, BC had the largest monthly rental growth rate in the top 10 markets with one bedrooms climbing 5 per cent, settling at $1,270, and up one spot to rank as 3rd. Two bedroom prices had a smaller bump, increasing 0.6 per cent to $1,570.
  5. Montreal, QC fell down one spot and behind Victoria to rank as the 5th priciest city. One and two bedrooms in this city settled at $1,240 and $1,600, respectively.

To report a typo, email:

Like us on Facebook and follow us on Twitter.

Just Posted

Kierra Smith (Contributed)
Kelowna swimmer headed to Toronto hoping to qualify for Olympics

If she qualifies, it will be Kierra Smith’s second time swimming at the Olympics

Kelowna flags were flown at half-mast after the discovery of a residential school burial site in Kamloops. (File photo)
Central Okanagan school board chair reflects on recent tragedies

Moyra Baxter offers condolenses to residential school victims, slain Muslim family

The Great Ogopogo Bathtub Race has been held in Summerland as a fundraising event. Do you know which Canadian city introduced this sport? (Black Press file photo)
QUIZ: A summer’s day at the water

How much do you know about boats, lakes and water?

The RCMP presence in Central Okanagan public schools is being reviewed by the board of education. (File photo)
RCMP presence welcomed in Central Okanagan public schools

Staff survey feedback overwhelmingly positive from students, staff and parents

At an outdoor drive-in convocation ceremony, Mount Royal University bestows an honorary Doctor of Laws on Blackfoot Elder and residential school survivor Clarence Wolfleg in Calgary on Tuesday, June 8, 2021. THE CANADIAN PRESS/Jeff McIntosh
‘You didn’t get the best of me’: Residential school survivor gets honorary doctorate

Clarence Wolfleg receives honorary doctorate from Mount Royal University, the highest honour the school gives out

Jane Linden
KCR: Volunteering keeps you active

Kelowna Community Resources shares stories of its volunteers in a weekly column

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Indigenous Services Minister Marc Miller is seen during a news conference, Wednesday May 19, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Indigenous child-welfare battle heads to court despite calls for Ottawa to drop cases

Feds are poised to argue against two Canadian Human Rights Tribunal rulings

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Two-year-old Ivy McLeod laughs while playing with Lucky the puppy outside their Chilliwack home on Thursday, June 10, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO: B.C. family finds ‘perfect’ puppy with limb difference for 2-year-old Ivy

Ivy has special bond with Lucky the puppy who was also born with limb difference

A million-dollar ticket was sold to an individual in Vernon from the Lotto Max draw Friday, June 11, 2021. (Photo courtesy of BCLC)
Lottery ticket worth $1 million sold in Vernon

One lucky individual holds one of 20 tickets worth $1 million from Friday’s Lotto Max draw

“65 years, I’ve carried the stories in my mind and live it every day,” says Jack Kruger. (Athena Bonneau)
‘Maybe this time they will listen’: Survivor shares stories from B.C. residential school

Jack Kruger, living in Syilx territory, wasn’t surprised by news of 215 children’s remains found on the grounds of the former Kamloops Indian Residential School

Most Read