Provincially, Ontario has the highest rental rate followed by B.C. (Bullpen Research & Consulting)

Kelowna 14th most expensive city to rent in Canada

The average monthly rent for a one-bedroom unit in the city was $1,313 in December

Kelowna is the 14th most expensive city to rent an apartment in Canada, according to a recent rental report.

According to the report from Rentals.ca, the average monthly rent for a one-bedroom unit in the city was $1,313 in December, compared to $1,390 across the rest of the country.

The average cost for a two-bedroom unit in Kelowna was $1,961, whereas the national average was $1,742.

The report states that rental affordability is expected to get worse in Ontario and B.C. this year, despite the increase in new rental apartment construction and the crackdown on empty units and AirBnB in several markets.

The report also stated many young tenants are looking for communities where they can live without needing a car or having a long commute. Many young tenants are also competing with baby boomers, who are looking to downsize and are also looking for more rental apartments.

“Many Canadians both young and old are choosing to rent for lifestyle reasons,” president of Bullpen Research & Consulting Ben Myers said.

“Developers across the country are recognizing this shift in mentality away from homeownership, as the number of rental apartment starts topped 54,000 in Canada in 2019, marking the 10th consecutive year of rising new construction activity.”

READ MORE: Kelowna rental rates least expensive among major B.C. cities

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


Twila Amato
Video journalist, Black Press Okanagan
Email me at twila.amato@blackpress.ca
Follow me on Twitter

affordable housingrental market

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Water levels starting to recede in Shuswap River

Though a positive trend, City of Enderby high-water restrictions are still in effect

Vernon woman seeks replica of treasured children’s toy

Monique Lee hopes someone has a replica of the Winnie the Pooh toy they’d be willing to part with

Tap Truck Okanagan launches as first location in Canada

The business is built on a restored 1957 Chevy panel van and ready to serve craft beer on tap, wine or cider

Vernon protesters take BLM movement to Polson Park

A handful of demonstrators raised fists, signs in solidarity Friday

$30,000 over 30 weeks for local causes

Send us your good stories and you could win money for your favourite cause

Trudeau offers $14B to provinces for anti-COVID-19 efforts through rest of year

Making a difference in municipalities is a pricey proposition

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

‘Alarmed’: Health critic calls for more data on COVID-19 in trucking industry

Saskatchewan, Ontario and Quebec said that level of detail is not being collected

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Crews building structure at former Summerland train station site

West Summerland Station will pay tribute to railway history, serve as trail marker

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

Police watchdog investigating Lake Country incident

A man was taken to hospital after the June 3 incident

Most Read