Spring brings higher rent
Okanagan Edge Staff - Apr 15, 2021 - Biz Releases
Photo: Contributed
As the temperatures begin to rise, so do the average rental prices in Kelowna and area.
According to Castanet’s classified statistics, the average rent of 52 one-bedroom dwellings in March came in at $1,349, which was nearly $100 more than February and $176 more than January.
It was the same story when it came to two-bedroom listings, but the increase wasn’t as large. It cost an average of $1,805 for a two-bedroom unit in March, which was up from $1,771 in February and $1,795 in January.
There were 70 two-bedroom listings on Castanet in March.
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