Kelowna rental market on downward trend this month

The city is listed as the 10th most expensive rental market in the country

Kelowna is no longer the sixth most expensive city for renters.

According to a recent report published by PadMapper, Kelowna is now the 10th most expensive city to rent this month.

“The price of one bedroom units dropped 2.6 per cent to a median of $1,120, while two-bedroom units increased 0.6 per cent to $1,660.”

The top five most expensive markets in order from first to last are Vancouver, Toronto, Burnaby, Barrie, and Montreal.

Padmapper analyzed 79 listings in Kelowna to determine the trend.


edit@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Lake Country wins award for financial reporting for fourth year

The Canadian Award for Financial Reporting was awarded to the district

Okanagan Shuswap weather: Glimpses of sun expected on another wintry day

The sun will be peeking out from behind the clouds for the next few days

Urban Distillery + Liquor moves to West Kelowna

The proprietor has big dreams for the new space

World Community Film Festival returns to Kelowna

The festival celebrates its 16th anniversary

Line-up for Kelowna Fan Experience 2019 to be announced

The line-up will be announced Feb. 22

5 Events to check out this weekend local ski hills

Check out this new column from Okanagan events guru Christina Ferreira

70% of Canadians agree with mandatory vaccines for children: poll

The debate for pro and anti vaccinations has heated up after a measles outbreak in Vancouver

UPDATE: Woman, off-duty cop in critical condition after stabbing outside B.C. elementary school

The officer was interceding in an alleged assault when he and the woman were stabbed

‘A little baloney’ in PM’s claim about solicitor-client privilege on SNC-Lavalin

The Conservatives and NDP want Trudeau to waive that privilege so Wilson-Raybould can offer her side of the story

Proposed edible pot rules are wasteful, would leave products tasteless: critics

When Canada legalized weed last fall, it only allowed fresh or dried bud, oil, plants and seeds

Samsung folding phone is different – but also almost $2,000

But most analysts see a limited market for foldable-screen phones

Alcohol policies fizzle for Canadian governments as harms overflow: reports

About 80 per cent of Canadians drink, and most enjoy a drink or two

Most Read