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The latest Canadian National Rent Report has been released and Kelowna remains one of Canada's most expensive cities.
Rental prices for a one bedroom unit in Kelowna have increased 10% since April of last year and two bedroom units seeing an 8% increase.
One bedroom rentals in Kelowna currently average $1,150 which is good for the seventh highest price in the country.
Things are worse when it comes to two bedroom rentals, as Kelowna sits fourth in the nation with an average price of $1,640.
A Craigslist search shows that there is some availability within the one and two bedroom price range reported by PadMapper.
$1200/700 sqft - 1 bedroom suite in Upper Mission
To see the listing, click here.
$1200/500 sqft - 1 bedroom near Leathhead
To see the listing, click here.
$1200/500 sqft - 1 bedroom near the Hospital
To see the listing, click here.
$1700/1,500 sqft - 2 bedroom in Glenmore
To see the listing, click here.
$1700/Furnished - 2 bedroom in North Rutland
To see the listing, click here.
$1700/1100 sqft - 2 bedroom in Wilden
To see the listing, click here.
When it comes to B.C. comparables, Vancouver obviously tops the list for both one bedroom and two bedroom rentals.
Meanwhile, the province’s capital of Victoria has a higher one bedroom average than Kelowna, but is cheaper if you’re looking for two bedroom rentals.
The PadMapper Canadian Rent Report combines third-party information with data from hundreds of thousands of PadMapper listings to calculate the average price of rental units in 25 Canadian cities.
To see the full Canadian National Rent Report from PadMapper, click here.
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