Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 6.37
Mortgage as Percentage of Income: 44.65%
Loan Affordability Index: 2.24
Price to Rent Ratio - City Centre: 12.87
Price to Rent Ratio - Outside of Centre: 11.78
Gross Rental Yield (City Centre): 7.77%
Gross Rental Yield (Outside of Centre): 8.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,526.92 C$ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,314.29 C$ 1,000.00-1,588.00
Apartment (3 bedrooms) in City Centre 2,663.64 C$ 2,200.00-3,300.00
Apartment (3 bedrooms) Outside of Centre 2,345.00 C$ 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 392.74 C$ 348.38-501.67
Price per Square Feet to Buy Apartment Outside of Centre 312.69 C$ 278.71-356.59
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,981.79 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.59 2.50-3.95

These data are based on 113 entries in the past 18 months from 21 different contributors.
Last update: July 2021

Sources and References
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