Rent drops slightly in July
Okanagan Edge Staff - Aug 04, 2022 - Biz Releases

Photo: Contributed

Rental prices in the Central Okanagan held steady while inventory increased in the month of July, according to Castanet classifieds statistics.

The average prices for both one- and two-bedroom rentals both dropped slightly last month.

The one-bedroom price fell to $1,581 in July, which was down from $1,596 in June. That was based on 69 listings in Castanet’s classified section, compared to only 35 in June.

The two-bedroom price dropped to an average of $2,355 in July from $2,378 in June. The figure was based on 109 listings, which was up from 71 opportunities to rent in June.

June’s average two-bedroom price of $2,378 was the highest recorded by Castanet’s data.

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