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

‘Overwhelming, incredible’ support for foreign workers following West Kelowna COVID-19 outbreak

‘…Our team seems to be recovering well — symptoms are resolving’

FortisBC offers 90-day bill deferrals to customers impacted by COVID-19

Customers can apply for the relief program through the utility’s website

RCMP call on kids to name latest foal recruits

The baby horses names are to start with the letter ‘S’

North Okanagan bands together in support against COVID-19

New group launches website with tools to help endure crisis

VIDEO: KLO middle school teachers shoot video to show support for students at home

KLO teachers Kayla Rose and Tonia Macgregor were the minds behind the gesture

WATCH: Salmon Arm artist hosts virtual art show amid COVID-19

Roxi Hermsen’s show “Into the Cosmos” is a tribute to her father Bill Sim

UPDATE: Coronavirus concerns prompt event cancellations across the Okanagan

This is a running list of events cancelled across the Okanagan

HERGOTT: COVID-19 and ICBC

Paul Hergott is a personal injury lawyer based in West Kelowna

COVID-19: Armstrong gym fined $345 after failure to close

The fitness centre was issued a ticket a day after province ordered all gyms to close

Bus rider who travelled to Golden tests positive for COVID-19

The passenger travelled from Calgary to Golden on March 15

Armed robbery of legal grow-op in Sicamous ends in arrest near Enderby

Residents alarmed over increased police presence Tuesday morning

Wildfire burns out-of-control on Adams Lake band land in the Shuswap

BC Wildfire Service reports Shuswap two-hectare fire is not threatening structures

COVID-19: Vernon homeless shelters combine in curling club

Gateway and Our Place shelter sites housed under one roof amid pandemic

COVID-19: Don’t get away for Easter weekend, Dr. Bonnie Henry warns

John Horgan, Adrian Dix call 130 faith leaders as holidays approach

Most Read