Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 8.66
Mortgage as Percentage of Income: 79.54%
Loan Affordability Index: 1.26
Price to Rent Ratio - City Centre: 20.54
Price to Rent Ratio - Outside of Centre: 15.46
Gross Rental Yield (City Centre): 4.87%
Gross Rental Yield (Outside of Centre): 6.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,886.18 C$ 1,650.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,549.50 C$ 1,350.00-1,850.00
Apartment (3 bedrooms) in City Centre 3,062.50 C$ 2,800.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,668.75 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 750.83 C$ 501.67-999.99
Price per Square Feet to Buy Apartment Outside of Centre 476.04 C$ 371.61-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,814.41 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.84 3.50-8.75

These data are based on 100 entries in the past 18 months from 30 different contributors.
Last update: February 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.