Padmapper says rent rising
Okanagan Edge Staff - Sep 15, 2020 - Biz Releases

Photo: Kurt Bauschardt, Flickr

Once again, there is conflicting data about the price of rent in Kelowna.

Padmapper.com, which analyzes the data from its listings across the country, found that Kelowna’s one-bedroom median September rent price had jumped 15.7% in the last year and 4.7% since August. The median cost of $1,550 makes it the sixth most expensive city in which to rent a one-bedroom flat.

On the other hand, Rentals.ca released its August data earlier this week and declared that Kelowna’s one-bedroom average rent rate had fallen 5.5% from July to August, clocking in at $1,384 per month.

Rentals.ca declared that Kelowna’s average two-bedroom rate was $2,021 per month, while Padmapper.com found its median two-bedroom price to be $1,790. That figure is up 1.7% from August and an increase of 8.5% from last September.

It should be noted there are differences between the two companies’ data. Padmapper.com uses the median price, while Rentals.ca displays the average cost. In addition, Padmapper.com’s data is from September, while the latest Rentals.ca information is from August.

Image: Contributed


All Biz Releases Stories