The Canada Mortgage and Housing Corporation (CMHC) has just released their latest rental market report for the Kelowna CMA. This years report highlights the tight rental market that the city continues to face, despite increases to supply.
One of the key highlights of this years report is that the overall vacancy rate has decreased to 0.2%. As a result, it is noted that the average rent has gone up by 8.6% to $1,043 per month. For more information, and to view the CMHC's 2017 Rental Market Report, click here.