Under your rent
27
$249,900
$212/sqft
2 bd · 2 ba · 1,179 sqft
#4, 7841 Highway 97 N Highway
Kelowna · Single Family
~$1,184/mo
Listed by REMAX KelownaMLS® 10376338
Rent vs own
What your rent could own in Kelowna.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $789,450
- Homes at or under it
- 534
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 534 homes listed at or under it in Kelowna.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $789,450
- Homes at or under it
- 534
Source: Current MLS® listings.
What each rent buys
In Kelowna, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $262,450 under Kelowna's $789,450 median home price. 534 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Kelowna homes around a $2,500 rent
534 active listings
Under your rent
39
$459,000
$446/sqft
2 bd · 1 ba · 1,028 sqft
246 Briarwood Road
Kelowna · Single Family
~$2,176/mo
Listed by Royal LePage KelownaMLS® 10402790
Under your rent
58
$499,900
$274/sqft
3 bd · 3 ba · 1,827 sqft
#6, 3000 Richter Street
Kelowna · Single Family
~$2,369/mo
Listed by REMAX KelownaMLS® 10402303
Under your rent
33
$517,500
$434/sqft
2 bd · 2 ba · 1,193 sqft
#309, 1964 Enterprise Way
Kelowna · Single Family
~$2,453/mo
Listed by REMAX KelownaMLS® 10403301
Under your rent
35
$319,900
$379/sqft
2 bd · 1 ba · 843 sqft
#62, 610 Katherine Road
Kelowna · Single Family
~$1,516/mo
Listed by Coldwell Banker Horizon RealtyMLS® 10402343
Under your rent
37
$119,900
#343, 6843 Madrid Way
Kelowna · Vacant Land
~$568/mo
Listed by Coldwell Banker Executives RealtyMLS® 10403185
Under your rent
26
$275,000
$597/sqft
1 bd · 1 ba · 461 sqft
#218, 1550 Dickson Avenue
Kelowna · Single Family
~$1,303/mo
Listed by Oakwyn Realty OkanaganMLS® 10403003
Under your rent
21
$229,900
$135/sqft
3 bd · 2 ba · 1,700 sqft
#64, 720 Commonwealth Road
Kelowna · Single Family
~$1,090/mo
Listed by Royal LePage KelownaMLS® 10403265
Under your rent
40
$489,000
$584/sqft
1 bd · 1 ba · 837 sqft
#115, 580 Sarsons Road
Kelowna · Single Family
~$2,318/mo
Listed by Oakwyn Realty Okanagan-Letnick EstatesMLS® 10402431
Under your rent
54
$324,900
$238/sqft
2 bd · 2 ba · 1,365 sqft
#214, 1045 Sutherland Avenue
Kelowna · Single Family
~$1,540/mo
Listed by Sutton Centre RealtyMLS® 10403033
Under your rent
47
$499,000
$1,018/sqft
1 bd · 1 ba · 490 sqft
#407, 3699 Capozzi Road
Kelowna · Single Family
~$2,365/mo
Listed by Rennie & Associates Realty Ltd.MLS® 10402907
Under your rent
27
$475,000
$310/sqft
3 bd · 2 ba · 1,534 sqft
#109, 2288 Benvoulin Road
Kelowna · Single Family
~$2,251/mo
Listed by REMAX KelownaMLS® 10402387
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Kelowna
Listings and market data for Kelowna.
Nearby cities
Compare Kelowna with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.