Rental prices for a one-bedroom unit have climbed in Kelowna in the last year (File photo) Rental prices for a one-bedroom unit have climbed in Kelowna in the last year (File photo)

Kelowna is eighth most expensive Canadian city to rent: Report

Cost for renting a one-bedroom unit in Kelowna has increased by 3.8 per cent to $1,350 in last year

Kelowna is still the eighth most expensive city in Canada for renting a one or two-bedroom unit, according to a recent rental report.

Out of 24 Canadian cities, the report said Kelowna’s affordability ranking remained unchanged from last January.

In terms of prices, the cost of a one-bedroom unit in Kelowna still increased by almost four per cent to $1,350 since last January. Prices for a two-bedroom unit decreased by three per cent to $1,630 since last January.

Across the province, the report said monthly prices for a one-bedroom rental in Burnaby, BC, increased by over ten per cent to $1,730 since last January. One-bedroom rental prices in Victoria also increased by almost nine per cent to $1,510 since last January.

Toronto and Vancouver are still the most expensive place to rent a one-bedroom unit at $2,300 and $2,150 respectively.

To view the full report, you can visit PadBloggers website.


@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

Prolific South Okanagan criminal will be freed for time served

Afshin Ighani pleads guilty to assault charges but will be set free for time served

Two-month-old Kelowna boy diagnosed with rare heart disorder returns home from treatment

Arel spent two weeks at B.C. Children’s Hospital in Vancouver after suffering multiple cardiac arrests

Waste transfer station now open at Apex Mountain

The site comes after more than a decade of consultation.

Australia Day fundraiser at Penticton’s Slackwater Brewing a success

Money raised at Australia day party donated directly to Victoria Bushfire Relief Fund

Two-man Penticton traffic enforcement team catch 188 impaired drivers in 2019

96 of those drivers received 90-day suspensions or criminal charges

WATCH: Cougar caught on doorbell cam in Vernon

Glenn Gorham shares footage of late-night visit from wild cat

Missing Vernon man possibly sighted in Lower Mainland

Information leads family, friends to believe Jay Rosenberger near Lower Mainland Saturday

House fire quickly knocked down in South Kelowna

According to Kelowna Fire Department, the house sustained interior damage during the blaze

Sap thief taps Saanich park maple trees, faces hefty fine

One tree found with four taps in Mount Doug Park

B.C. reports first coronavirus in Vancouver region

First patient visited Wuhan, China, reported symptoms

Shuswap man given six months jail time for possession of child pornography

Forty-six-year-old will be on National Sex Offender Registry for 20 years

Museum digs up history for ’60s Vernon Winter Carnival

Get Groovin’ with the Grandkids or flashback to the ’60s with tunes, trivia and costumes

Power outage at Big White

It’s unknown why the power went out Tuesday afternoon

Uber threatens legal action to ‘defend its right’ to operate in Surrey

‘I have no concerns,’ Mayor Doug McCallum replies

Most Read