Photo: Contributed
If you’re wondering how much you would need to make to afford a modest two-bedroom apartment in Kelowna, the Canadian Centre for Policy Alternatives has provided a clear picture of just how unaffordable the city has become.
The CCPA conducted a study to determine the hourly wage a person would need to rent an average two-bedroom apartment in cities and neighbourhoods across the country without spending more than 30 per cent of their pre-tax income.
It found that Kelowna has no affordable apartments for those making minimum wage.
The CCPA examined the Kelowna core as well as Rutland, and the findings were not surprising. A person would need to make $24.74 an hour to afford a two-bedroom flat in Kelowna, and they would need to earn $20.99 to rent one in Rutland.
Making only minimum wage, someone would need to work 78 hours a week in Kelowna and 66 hours in Rutland to be able to afford a two-bedroom apartment.
The study found only 24 of 795 neighbourhoods in Canada have average two-bedroom apartments that full-time, minimum-wage workers can afford. That number increased to 70 for one-bedroom flats.
All Biz Releases Stories
