Primary Rental Market
Vacancy Rate (%)

By:

  1. Bedroom Type
  2. Year of Construction
  3. Structure Size
  4. Rent Ranges
  5. Rent Quartiles

Display Options:

  1. Survey Zones
  2. Census Subdivisions
  3. Historical Time Periods

Note:

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Kelowna — Historical Vacancy Rates by Rent Quartile

  Vacancy Rate (Q1) Vacancy Rate (Q2) Vacancy Rate (Q3) Vacancy Rate (Q4)
2012 October 2.8 a 5.1 b 4.3 b 6.4 b
2013 October 1.6 b 2.9 b 1.9 a 1.5 b
2014 October 0.4 a 1.3 a 1.2 a 1.4 a
2015 October 0.8 a 0.6 a 0.8 a 1.0 a
2016 October 0.6 a 0.5 a 0.5 a 1.0 a
2017 October 0.2 b 0.2 a 0.5 a 0.4 a
2018 October 1.2 a 0.7 a 3.3 c 2.4 b
2019 October 0.1 b 0.5 a 3.5 d 6.1 c
2020 October 0.4 a 3.8 d 1.5 a 2.8 a
2021 October 0.1 a 0.4 a 0.6 a 1.3 a
2022 October 0.1 b 0.4 a 0.9 a 4.0 b
2023 October 0.2 a 0.8 a 1.8 b 2.3 a
2024 October 2.4 c 1.7 c 4.8 c 5.8 b
2025 October 2.0 c 5.9 c 9.8 c 7.3 b
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)