Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 8.82
Mortgage as Percentage of Income: 80.19%
Loan Affordability Index: 1.25
Price to Rent Ratio - City Centre: 18.64
Price to Rent Ratio - Outside of Centre: 16.10
Gross Rental Yield (City Centre): 5.36%
Gross Rental Yield (Outside of Centre): 6.21%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,882.53 C$ 1,650.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,610.17 C$ 1,375.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,084.62 C$ 2,900.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,696.43 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 682.67 C$ 501.67-999.99
Price per Square Feet to Buy Apartment Outside of Centre 509.08 C$ 371.61-650.32
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,634.87 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.70 5.40-6.90

These data are based on 138 entries in the past 18 months from 26 different contributors.
Last update: January 2025

Sources and References
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1 Comments so far
shelly on Jan 28, 2022:
Seeking a Broker, for saving on a house and forward information to previous realator. Fair Housing that initiated the voucher for First Time Home Buyer program and class paid for in amount of $5.00.