New rent report lists Kelowna as 4th most expensive place in Canada

In a somewhat surprising report, Kelowna was ranked as having the fourth-most expensive rental prices in the nation.

According to the website Zumper.com, the median price of a one-bedroom rental in Kelowna is now $1,610 a month.

That’s well below Vancouver, at $2,130 a month, but ahead of much bigger cities, like fifth-place Victoria ($1,600), seventh-place Ottawa ($1,500) and 10th-place Hamilton ($1,450).

“Kelowna up a spot to become the fourth-most expensive rental market with one-bedroom rent increasing 0.6 per cent to $1,610, while two-bedrooms jumped 4.8 per cent to $2,180,” Zumper said in its latest Canadian Rent Report.

The median price for a two-bedroom in Vancouver was listed at $2,900.

Toronto was second, with one-bedrooms at $1,800 and two-bedrooms at $2,250.

Get daily National news

Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.

Sign up for daily National newsletter Get Started

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Barrie, Ont., was third, with one-bedrooms at $1,700 and two-bedrooms at $1,850.

Victoria was fifth, with one-bedrooms at $1,600 and two-bedrooms at $2,150.

2:16 Vancouver housing market experiences low vulnerability rate: CMHC

Year over year, Zumper said Kelowna’s one-bedroom pricing increased 7.3 per cent from 2020, while two-bedroom pricing increased 24.6 per cent.

In June, PadMapper released its Canadian Rent Report.

PadMapper had Vancouver in first in terms of rental pricing, with one-bedroom rents going for $1,950. Toronto came in second ($1,800) and Burnaby, B.C., in third ($1,700).

They were followed by:

• Barrie ($1,650)
• Victoria ($1,600)
• Oshawa ($1,570)
• Kelowna ($1,520)
• Ottawa ($1,480)
• Kitchener ($1,380)
• Montreal ($1,380)

2:06 Open House: Transforming a Vancouver Special