Situated along the shores of the Okanagan Lake, this beautiful city is home to 142,000 year-round residents.
Renting in Kelowna.
| City | 1 Bedroom Apartment | 2 Bedroom Apartment |
|---|---|---|
| Kelowna | $1,875 per month | $2,400 per month |
| Victoria | $2,085 per month | $2,450 per month |
| Vancouver | $2,400 per month | $3,473 per month |
What’s the average house price in Kelowna?
Updated: Aug 2016
| House | |
|---|---|
| Median price | $649,900 |
| Monthly growth | 66.64 % |
| Quarterly trend | |
| Stock on market | 1.45% |
How expensive is it to live in Kelowna?
Average Cost of Living per Month in Kelowna
The average cost of living in Kelowna is $3,253/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Are housing prices dropping in Kelowna?
Like the other Canadian Real Estate markets, the Kelowna real estate market has fallen slightly since February 2022. The existing environment of rising interest rates has brought the hot market with low inventory to a new reality of lower prices but higher interest rates on your mortgage.
Is living in Kelowna worth it?
Kelowna offers great weather (2,000 hours of sunshine per year), stunning landscapes & outdoor spaces, wineries, powder-filled ski hills, and excellent schools, Kelowna is a great place to live, and has become a one Canada’s most popular cities for families, young professionals, remote workers, and retirees alike.
What is the best area to live in Kelowna?
7 Safest Kelowna Neighborhoods | 2022-23
- Glenmore.
- Southeast Kelowna.
- Upper Mission.
- Lower Mission.
- Lakeview Heights.
- Shannon Lake.
- Glenrosa.
Is Kelowna BC Affordable?
Kelowna is one of the most unaffordable cities in Canada and looking for ways to change. It’s been known for some time that Kelowna is one of the most expensive cities in the country when it comes to housing costs – whether that’s rental or home ownership.
What is the minimum wage in Kelowna BC?
The minimum wage in B.C. is currently $15.65 per hour (as of June 1, 2022). Minimum wage applies regardless of how employees are paid – hourly, salary, commission or on an incentive basis.
Is rent in Kelowna expensive?
Rent Prices. As of December 3, 2022, the average rent for a 1-bedroom apartment in Kelowna, BC is $1,920. This is a 20% increase compared to the previous year.
Why is Kelowna so expensive?
Kelowna is a desirable place to live, work, play and invest and it also has a housing shortage. Both factors have pushed the price of rents and homes for purchase into the stratosphere.
Is it a good time to buy a house in BC 2022?
House prices shot way up during 2021 and early 2022, but they’ve started to cool down now. Of course, they’re not as cheap as they were pre-COVID, but market activity is slowing, and house price rises, while ongoing, is not as intense as they were a year ago.
Will houses go down in 2022 BC?
In the Fraser Valley, sales were projected to fall 41.6 per cent in 2022 with prices rising 1.6 per cent to $1.03 million this year. It forecast sales to fall by a further 9.7 per cent next year with prices falling 3.9 per cent to an average of $990,000.
Is Kelowna a good place to retire?
An ideal retirement location should have easy access to healthcare, plenty of recreational and cultural amenities, a manageable climate, and reasonable costs for everyday living. Maybe this is why, when it comes to retiring in BC, Kelowna is one of the top destinations.
Is crime high in Kelowna?
Metro Kelowna is listed in the Statistics Canada Crime Severity Index as having a rate of 11,112 per 100,000 residents. It’s the highest rate in the country, and the only rate reaching into five digits.
What do you call a person from Kelowna?
Kind of some useless trivia but In the tv series Stargate SG-1 the people from the nation state Kelowna were called Kelownans.
Is Kelowna very cold?
In Kelowna, the summers are warm and dry, the winters are freezing and snowy, and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 23°F to 85°F and is rarely below 7°F or above 94°F.
Can you live in Kelowna without a car?
Kelowna is an easy city to navigate without a car, but if you like to travel fast, or you want to go on a day trip beyond the city limits, then renting a car might be your best option.
What is the average age in Kelowna BC?
43.8
Census Profile, 2016 Census Kelowna , British Columbia and Alberta
| Characteristic | Kelowna British Columbia [Population centre] |
|---|---|
| Data quality , Kelowna [Population centre], British Columbia Map Change geography | |
| 85 years and over | 3.4 |
| Average age of the population | 43.8 |
| Median age of the population | 44.7 |
Does it snow a lot in Kelowna?
Most days of snowfall in Kelowna leave less than five centimetres (2 inches) of fresh snow on the ground. Typically on four days a year, the amount of new snow totals at least five cm. Big snowstorms of ten cm or more a day normally occur just once a year.
Where is the cheapest place to live in BC?
Cheapest Places to Live in BC
- Castlegar. Average rent cost: $1,500 for 2 bedrooms.
- Cranbrook. Average rent cost: $962 for 1 bedroom, $1,491.67 for 3 bedrooms.
- Dawson Creek. Average rent cost: $657 for bachelor, $1,000 for 2 bedrooms.
- Hope.
- Port Alberni.
- Prince George.
- Prince Rupert.
- Smithers.
Where is the cheapest property in BC?
1. Williams Lake. Williams Lake, the central part of the region known as Cariboo, is known for its top-rated water activities, beautiful neighborhoods, and rich cultural heritage. House prices in Williams Lake are extremely cheap compared to the rest of BC averaging at $254 350 from April and May of 2022.