Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 5.07
Mortgage as Percentage of Income: 41.61%
Loan Affordability Index: 2.40
Price to Rent Ratio - City Centre: 14.08
Price to Rent Ratio - Outside of Centre: 12.77
Gross Rental Yield (City Centre): 7.10%
Gross Rental Yield (Outside of Centre): 7.83%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,755.42 C$ 1,500.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,456.57 C$ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,947.06 C$ 2,500.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,434.25 C$ 2,000.00-3,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 485.80 C$ 400.00-557.41
Price per Square Feet to Buy Apartment Outside of Centre 364.78 C$ 315.87-527.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,511.58 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.42 2.00-8.75

These data are based on 140 entries in the past 18 months from 31 different contributors.
Last update: July 2022

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.