Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 6.29
Mortgage as Percentage of Income: 44.06%
Loan Affordability Index: 2.27
Price to Rent Ratio - City Centre: 13.73
Price to Rent Ratio - Outside of Centre: 12.68
Gross Rental Yield (City Centre): 7.28%
Gross Rental Yield (Outside of Centre): 7.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,396.43 C$ 1,200.00-1,600.00
Apartment (1 bedroom) Outside of Centre 1,207.14 C$ 1,000.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,372.73 C$ 2,100.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 2,066.67 C$ 1,800.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 378.86 C$ 260.00-501.67
Price per Square Feet to Buy Apartment Outside of Centre 303.45 C$ 252.00-365.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,917.15 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.57 2.50-3.95

These data are based on 116 entries in the past 18 months from 21 different contributors.
Last update: February 2021

Sources and References
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