Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 10.32
Mortgage as Percentage of Income: 94.21%
Loan Affordability Index: 1.06
Price to Rent Ratio - City Centre: 22.32
Price to Rent Ratio - Outside of Centre: 16.19
Gross Rental Yield (City Centre): 4.48%
Gross Rental Yield (Outside of Centre): 6.18%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,880.20 C$ 1,650.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,605.22 C$ 1,397.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,027.27 C$ 2,800.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,695.83 C$ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 810.23 C$ 501.67-999.99
Price per Square Feet to Buy Apartment Outside of Centre 510.90 C$ 371.61-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,443.88 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.75 5.50-7.00

These data are based on 115 entries in the past 18 months from 25 different contributors.
Last update: July 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.