Kelowna

Small city · British Columbia · Population 144,576

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Housing and jobs

Housing costs, rents, incomes and jobs in Kelowna, with comparisons and sources.

Affordability

4 · Poor

Average monthly rent$1,536/month

BC: $1,494/month · Canada: $1,209/month · 2006: $1,140/month · 2016: $1,294/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,394/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,597/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,098/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,713/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.6.3%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$725,000

BC: $785,000 · Canada: $472,000 · 2016: $506,562 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing27.3%

BC: 25.5% · Canada: 20.9% · 2006: 29.6% · 2016: 27.9% · Statistics Canada, 2021

Economy

72 · Good

Median household income$82,000

BC: $85,000 · Canada: $84,000 · 2006: $62,558 · 2016: $74,265 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)13.5%

BC: 7.6% · Canada: 5.2% · 2016: 8.6% · Statistics Canada, 2021

Unemployment rate7.9%

BC: 8.4% · Canada: 10.3% · 2006: 4.8% · 2016: 6.9% · Statistics Canada, 2021