Property Prices in Kelowna, Canada

Index Info
Price to Income Ratio: 8.45
Mortgage as Percentage of Income: 75.80%
Loan Affordability Index: 1.32
Price to Rent Ratio - City Centre: 19.11
Price to Rent Ratio - Outside of Centre: 17.12
Gross Rental Yield (City Centre): 5.23%
Gross Rental Yield (Outside of Centre): 5.84%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,882.53 C$ 1,650.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,622.85 C$ 1,397.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,031.82 C$ 2,850.00-3,400.00
Apartment (3 bedrooms) Outside of Centre 2,723.08 C$ 2,400.00-3,000.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 7,478.62 C$ 5,400.00-10,763.91
Price per Square Meter to Buy Apartment Outside of Centre 5,875.70 C$ 5,000.00-8,611.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,949.85 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.53 4.45-6.90

These data are based on 133 entries from 26 contributors over the past 18 months.
Last update: 6 June 2025

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.