Kelowna
British Columbia
Statistics Canada geography code 5935010 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$2,118
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
6.4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "b".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+24.1% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138983458) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Tourism24% of local drivers
Okanagan wine, lake and ski tourism drives a pronounced seasonal swing in accommodation and food service employment.
- Construction18% of local drivers
Sustained in-migration, much of it retirement and remote work, keeps residential construction among the largest local sectors.
- Health Care18% of local drivers
Kelowna General Hospital is the tertiary referral centre for the British Columbia Interior.
- Education14% of local drivers
UBC Okanagan has grown quickly since opening in 2005 and, with Okanagan College, anchors the professional workforce the technology and health sectors draw on.
- Technology12% of local drivers
A small but established technology sector, helped by the airport and by relocation from Vancouver.
- Transportation8% of local drivers
Kelowna International Airport is one of the busiest in British Columbia outside Vancouver.
- Local Services6% of local drivers
Retail and personal services scaled to a population older than the provincial average.
Rental market
Average rent
$2,118
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
6.4%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "b".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $2,118 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 153,385 | observed | high | Statistics Canada |
| population | 2021 | 149,840 | observed | high | Statistics Canada |
| population | 2020 | 146,409 | observed | high | Statistics Canada |
| population | 2019 | 143,163 | observed | high | Statistics Canada |
| population | 2018 | 139,727 | observed | high | Statistics Canada |
| population | 2017 | 136,194 | observed | high | Statistics Canada |
| population | 2016 | 133,579 | observed | high | Statistics Canada |
| population | 2015 | 129,682 | observed | high | Statistics Canada |
| population | 2014 | 126,359 | observed | high | Statistics Canada |
| population | 2013 | 123,603 | observed | high | Statistics Canada |
| rent change pct | — | 2.4% | observed | medium | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 4.8% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 3.4% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 4.7% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 5.7% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 7.1% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 4.1% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 4.6% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 5.7% | observed | high | Statistics Canada |
| vacancy rate | — | 6.4% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.