Under your rent
34
$524,995
$487/sqft
2 bd · 2 ba · 1,077 sqft
2092 Clover Drive
West Kelowna · Single Family
~$2,488/mo
Listed by Oakwyn Realty OkanaganMLS® 10401428
Rent vs own
What your rent could own in West 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
- $739,900
- Homes at or under it
- 179
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 179 homes listed at or under it in West 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
- $739,900
- Homes at or under it
- 179
Source: Current MLS® listings.
What each rent buys
In West Kelowna, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $212,900 under West Kelowna's $739,900 median home price. 179 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
West Kelowna homes around a $2,500 rent
179 active listings
Under your rent
37
$469,900
$355/sqft
2 bd · 2 ba · 1,322 sqft
#16, 1850 Shannon Lake Road
West Kelowna · Single Family
~$2,227/mo
Listed by REMAX KelownaMLS® 10394335
Under your rent
2
$324,900
$352/sqft
2 bd · 2 ba · 924 sqft
1999 HWY# 97 S Other
West Kelowna · Single Family
~$1,540/mo
Listed by Canada Flex Realty GroupMLS® 10402233
Under your rent
35
$374,999
$225/sqft
3 bd · 2 ba · 1,666 sqft
#36, 3381 Village Green Way
West Kelowna · Single Family
~$1,777/mo
Listed by Royal LePage KelownaMLS® 10401441
Under your rent
34
$420,000
$348/sqft
2 bd · 2 ba · 1,208 sqft
#110, 2120 Shannon Ridge Drive
West Kelowna · Single Family
~$1,991/mo
Listed by Royal LePage KelownaMLS® 10390231
Under your rent
22
$498,800
$331/sqft
2 bd · 2 ba · 1,509 sqft
#17, 2250 Louie Drive
West Kelowna · Single Family
~$2,364/mo
Listed by Oakwyn Realty OkanaganMLS® 10388858
Under your rent
30
$269,000
$287/sqft
2 bd · 1 ba · 938 sqft
#285, 1999 97 S Highway
West Kelowna · Single Family
~$1,275/mo
Listed by REMAX KelownaMLS® 10386787
Under your rent
23
$422,900
$354/sqft
2 bd · 2 ba · 1,196 sqft
#1203, 3833 Brown Road
West Kelowna · Single Family
~$2,004/mo
Listed by REMAX KelownaMLS® 10393378
Under your rent
25
$89,000
$95/sqft
2 bd · 1 ba · 936 sqft
#131, 1999 Highway 97 Other
West Kelowna · Single Family
~$422/mo
Listed by Royal LePage KelownaMLS® 10400821
Under your rent
43
$215,000
$250/sqft
3 bd · 1 ba · 860 sqft
#95, 2035 Boucherie Road
West Kelowna · Single Family
~$1,019/mo
Listed by Royal LePage KelownaMLS® 10401357
Under your rent
70
$400,000
$546/sqft
1 bd · 1 ba · 733 sqft
#203, 2780 Olalla Road
West Kelowna · Single Family
~$1,896/mo
Listed by REMAX KelownaMLS® 10401095
Under your rent
43
$259,900
$201/sqft
2 bd · 2 ba · 1,296 sqft
#44, 2098 Boucherie Road
West Kelowna · Single Family
~$1,232/mo
Listed by Royal LePage KelownaMLS® 10392656
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 West Kelowna
Listings and market data for West Kelowna.
Nearby cities
Compare West 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.