Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 10.64
Mortgage as Percentage of Income: 96.72%
Loan Affordability Index: 1.03
Price to Rent Ratio - City Centre: 21.69
Price to Rent Ratio - Outside of Centre: 16.06
Gross Rental Yield (City Centre): 4.61%
Gross Rental Yield (Outside of Centre): 6.23%
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 3,091.67 C$ 2,900.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,711.54 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 795.17 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) 3,298.22 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.70 5.40-7.00

These data are based on 134 entries in the past 18 months from 26 different contributors.
Last update: November 2024

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.