Rent report says Central Okanagan has 4th highest rent rates in nation
And, not surprisingly, the Greater Kelowna Area is one of the most expensive places to rent in Canada. It also has a ridiculously low vacancy rate that’s under one per cent.
The report says the rental vacancy rate for two-bedroom apartments in the region, which stretches from Lake Country to Peachland, is at 1.2 per cent, up from 0.6 per cent one year ago.Regarding rent, the report listed an average price of $1,690 for a two-bedroom apartment in a purpose-built rental building, up from $1,475 one year ago. It also said the average price of a two-bedroom condo unit is $2,234 – the fourth-highest price in Canada.
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