Rental prices have been on the rise in Kelowna over the last couple months (File photo)

Price for one-bedroom rentals in Kelowna jumped 10.8% from October to November

Out of 34 Canadian cities, report said Kelowna had highest monthly rent increase

Kelowna had the highest monthly rent increase for a one-bedroom apartment in November out of 34 Canadian cities, according to a Rentals.ca and Bullpen Research and Consulting report.

Between October and November, the report said one-bedroom units in Kelowna saw a 10.8 per cent increase in price to an average rental cost of $1,365.

This sets the Okanagan city apart from the average Canadian city, where one-bedroom units dropped in cost by 0.2 per cent to $1,390 between October and November.

In comparison, two-bedroom units in Kelowna, rentals only increased by 2.8 per cent to $1,966 over the same two months.

The report said Vancouver had the highest average two-bedroom rental price in November at $3,058.

Across the country, the report predicts the average rental price in Canada to increase by three per cent in 2020.


@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

Okanagan Symphony maestro joins KSS Music Showcase

OSO music direcor Rosemary Thomsom will MC the upcoming display of Okanagan music talent

Inaugural Barrels & Berms SBX World Cup continues at Big White

The snowboard cross event brings in Canadian and national stars

Rockets get healthy, snap streak with 3-2 win over T-Birds

Kelowna looks for more wins Saturday with the first of back-to-back games with Giants

Language course helps to revitalize Okanagan First Nation language

“Learning a Language: nsyilxcən for Everyone” course kicks off in Kelowna on Feb. 4

Peachland looks to hire climate action coordinator

Coordinator would help city reach its carbon reduction goals

Officials reaching out to those in contact with Canada’s first coronavirus patient

The illness has sickened at least 1,975 people and killed 56 in China

Risk of coronavirus low in B.C. as first case emerges in Toronto: officials

There have been no confirmed cases of the virus in B.C.

Pioneer families lived in Summerland’s Prairie Valley area

Darke and Dale families played roles in community’s early history

Princeton RCMP make quick arrest in armed robbery after ‘brief struggle’

Princeton RCMP have arrested a suspect in connection with an armed robbery… Continue reading

‘Presumptive case’ of coronavirus in Canada confirmed by Ontario doctors

Man in his 50s felt ill on his return to Canada from Wuhan, China

Help sought in developing family practices in South Okanagan and Similkameen

An estimated 15,000 people in region do not have a family doctor

People knowingly take fentanyl so make policy changes to reduce harm: B.C. study

Dr. Jane Buxton, an epidemiologist at the centre, says drug users need more resources,

‘My heart is going to bleed’: Bodies brought back to Canada following Iran plane crash

Remains of Sahar Haghjoo, 37, and her eight-year-old daughter, Elsa Jadidi, were identified last weekend

Animal lovers cautioned against feeding urban deer – even if they beg at the window

Even if the deer press their little faces against your kitchen window… Continue reading

Most Read