Kelowna named 6th most expensive rent market in Canada

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The increase has forced many renters to spend upwards of 30 to 50 per cent of their income on housing.

“I came from the restaurant business, I had to close my business in Vancouver. For me, $1,450 is not affordable,” said Danielle Cecarelli, a Kelowna resident.“That’s too much money coming out of your paycheque for rent.”

Kelowna city staff will be presenting a rental housing grant recommendation to council at its next meeting, with a plan to encourage the development of a 102 unit affordable housing project.

 

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