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

Repairs underway to West Kelowna road after flood damage

A portion of Lower Glenrosa Road will be closed until at least Monday says the city

Rally in Kelowna to protest pipeline

Forty people gather outside MP’s office to protest Trans Mountain pipeline project

Protect the Water rally today in Kelowna

The rally will be held at No. 102 – 1420 St Paul Street, Kelowna.

Feature Friday: Is the sky the limit for downtown Kelowna construction?

City building up, not out, as high rise living becomes more popular

Free theatre performance for Lake Country families

Robinson Crusoe + Friday will be performed at Creekside Theatre April 14

What’s happening

Find out which events are taking place in the Okanagan and Shuswap this weekend

Canucks sing the Blues as they fall to St. Louis 4-1

Berglund nets two, including the game-winner, to lift St. Louis over Vancouver

Calving season brings hope for Cariboo ranchers

Still a lot of work ahead to recover from the wildfires

Canada’s Kaetlyn Osmond wins figure skating world title

The 22-year-old fwon the women’s singles crown with her Black Swan routine

B.C. pooches celebrate National Puppy Day

Check out some of the submissions from around B.C. for National Puppy Day 2018

Photos: Salmon Arm celebrates Paralympic champion Natalie Wilkie

Hometown hero welcomed home with parade, recognition ceremony at city hall

Alberta tells B.C. to stop opposing pipelines if it doesn’t like gas prices

John Horgan said he would like to see the federal government step in to deal with high gas prices.

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

B.C. mother hit in truck rampage dies

Family confirms mother of four Kelly Sandoval dies almost two months after being hit.

Most Read