Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 9.03
Mortgage as Percentage of Income: 82.05%
Loan Affordability Index: 1.22
Price to Rent Ratio - City Centre: 19.03
Price to Rent Ratio - Outside of Centre: 16.47
Gross Rental Yield (City Centre): 5.25%
Gross Rental Yield (Outside of Centre): 6.07%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,880.15 C$ 1,650.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,608.08 C$ 1,397.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,067.86 C$ 2,850.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,746.88 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 694.78 C$ 501.67-999.99
Price per Square Feet to Buy Apartment Outside of Centre 524.56 C$ 418.06-650.32
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 5.00-6.90

These data are based on 148 entries in the past 18 months from 30 different contributors.
Last update: March 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.