Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 9.03
Mortgage as Percentage of Income: 82.32%
Loan Affordability Index: 1.21
Price to Rent Ratio - City Centre: 18.68
Price to Rent Ratio - Outside of Centre: 16.90
Gross Rental Yield (City Centre): 5.35%
Gross Rental Yield (Outside of Centre): 5.92%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,884.37 C$ 1,650.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,613.23 C$ 1,375.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,067.86 C$ 2,850.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,716.67 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 536.58 C$ 418.06-799.99
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 6.74 5.40-6.90

These data are based on 142 entries in the past 18 months from 29 different contributors.
Last update: February 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.