Rents reach historic levels
Okanagan Edge Staff - Jul 04, 2022 - Biz Releases

Photo: Contributed

Average rent prices in the Central Okanagan hit record highs in June, according to data from Castanet’s classifieds section.

Both the one- and two-bedroom rent prices hit their highest marks since Castanet started collecting the data more than 10 years ago.

The average one-bedroom cost in June was $1,621, which was nearly $200 more than it was in May, and it beat the previous record high of $1,556 from April. The June figure was based on 40 listings in the Castanet classified section.

The average two-bedroom price in June, meanwhile, reached $2,400. The previous high was $2,322, which was set in January of this year. June’s average was based on 79 Castanet listings.

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