Kelowna Rentals - Vacancy & Prices

Housing Market, Rental Listings, Stats & Advice
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Moops
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Kelowna Rentals - Vacancy & Prices

Post by Moops » Wed Nov 30, 2016 1:08 am

Extremely tight rental market in Kelowna! According to the Canada Mortgage and Housing Corporation, Kelowna’s rental vacancy rate is 0.6 per cent. Victoria and the Abbostford-Mission are the only areas have lower vacancy rates. Vancouver’s vacancy rate is 0.7 per cent.

http://globalnews.ca/news/3096622/kelow ... 43979696=1


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Thu Sep 14, 2017 12:11 pm

According to PadMapper, Kelowna is now the 6th most expensive Canadian city to rent a home (based on 25 of the largest cities in the country)! Their study showed that Kelowna's market for a one bedroom rental grew 3.8 per cent to $1,100. per month.

http://www.kelownacapnews.com/news/rent ... expensive/


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Tue Nov 28, 2017 12:19 pm

Apparently the rental market has become even more squeezed for available, and affordable, housing. Kelowna's rental availability rate dropped to .2 percent, with average costs increasing 8.6 per cent.


https://infotel.ca/newsitem/kelowna-har ... me/it48045


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Sat Jan 20, 2018 11:53 am

The rental housing crunch in Kelowna continues into 2018 ...

https://infotel.ca/newsitem/more-grants ... te/it49590


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Sat Mar 17, 2018 11:08 pm



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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Tue May 08, 2018 11:51 am

Affordability continues to be an issue for housing rentals in the Okanagan...

https://globalnews.ca/news/4194649/near ... ford-rent/


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Fri Mar 29, 2019 10:00 am

The City of Kelowna council are optimistic -while others on social media think they are delusional....

https://infotel.ca/newsitem/things-are- ... 2aWkGTZ3Ds


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Re: Kelowna Rentals - Vacancy & Prices

Post by Moops » Sun Nov 12, 2023 3:52 pm

The rental market in much of the Okanagan is incredibly tight in availability, with many people finding the asking prices more than they can afford. The BC gov't is presently changing laws surrounding short term vacation rentals (under 30 days in Kelowna), in order to alleviate the strain on the lack of longer term rentals. The added competition of newcomers and students (UBCO & Okanagan College) is making it even tougher for local residents to find somewhere to live, especially in the Kelowna area.

One of the local websites did a cost comparison of the Central Okanagan rental classified listings on its site & noted that prices for a 2 bedroom suite had dropped by approximately $250. per month, in total, since July 2023. A drop hasn't happened in a few years, so that's a small consolation. Approximate prices for a 2 bedroom were listed at $2,411 in July and $2,177 in October. One bedroom units in October didn't decrease much and averaged at $1.597 per month.


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