In Kelowna 58.0% of home owners have a mortgage on their home. 24.8% of home owners in Kelowna spend more than 30% of their household income on shelter costs. When it comes to rented homes, 9.5% of the rented homes in Kelowna are subsidized and the remaining 90.5% pay market rent. Subsidized housing is government sponsored economic assistance program aimed towards alleviating housing costs and expenses for people in need with low to moderate incomes. 51.1% of tenants in Kelowna spend over 30% of their household income on shelter costs.
|Homes with a mortgage||58.00%|
|Homes spending more than 30% of household income on the home||24.80%|
|Homes that are subsidized by tax payers||9.50%|
|Rented homes where more than 30% of household income is spent on shelter costs||51.10%|