33
$299,000
$325/sqft
2 bd · 1 ba · 920 sqft
#334, 495 All Star Court
Kelowna · Single Family
Listed by Coldwell Banker Executives RealtyMLS® 10404233
Kelowna affordability
What you can afford in Kelowna
The median home in Kelowna asks $769,999. With 20% down, most buyers need about $144,000 a year. Enter your numbers below.
- Median asking
- $770K
- Median income
- $82K
- Price to income
- 9.4x
- Households that own
- 65%
Source: 2021 Census and current MLS® asking prices.
Your numbers
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$
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Price you can likely afford
Up to $420,000
A payment of $1,778 a month at 4.49%, tested at 6.49%.
An estimate, not a pre-approval.
- Median asking
- $770K
- Median income
- $82K
- Price to income
- 9.4x
- Households that own
- 65%
Source: 2021 Census and current MLS® asking prices.
Homes up to $420,000 in Kelowna
326 active listingsOpen these Kelowna homes on the map
Draw an area and save homes you like.
39
$364,900
$373/sqft
2 bd · 2 ba · 979 sqft
#209, 240 Hollywood Road
Kelowna · Single Family
Listed by Oakwyn Realty OkanaganMLS® 10404766
35
$236,000
$181/sqft
3 bd · 2 ba · 1,301 sqft
#46, 9020 Jim Bailey Road
Kelowna · Single Family
Listed by Royal LePage KelownaMLS® 10405245
37
$199,900
$204/sqft
2 bd · 1 ba · 980 sqft
#174, 720 Commonwealth Road
Kelowna · Single Family
Listed by Royal LePage KelownaMLS® 10404814
42
$325,000
$819/sqft
0 bd · 1 ba · 397 sqft
#406, 1290 St. Paul Street
Kelowna · Single Family
Listed by eXp Realty (Kelowna)MLS® 10402871
33
$325,000
$667/sqft
0 bd · 1 ba · 487 sqft
#204, 1083 KLO Road
Kelowna · Single Family
Listed by eXp Realty (Kelowna)MLS® 10402869
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).
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How lenders decide
The down payment
At least 5% of the first $500,000 and 10% of the rest, and 20% from $1.50M.
The stress test
Lenders test you at your rate plus two points, or 5.25% if higher. Here that is 6.49%.
Debt ratios
Housing can take up to 39% of income before tax, and housing plus other debts up to 44%.
Kelowna against other cities
Median asking price with 20% down, tested at 6.49%.
| City | Median asking | Income needed | Median income | Price to income |
|---|---|---|---|---|
| West Vancouver | $2,998,000 | $531,000 | $104,000 | 28.8x |
| Whistler | $1,749,000 | $314,000 | $99,000 | 17.7x |
| Vancouver | $1,349,900 | $244,000 | $82,000 | 16.5x |
| White Rock | $1,129,500 | $206,000 | $73,000 | 15.5x |
| Duncan | $799,900 | $149,000 | $53,200 | 15x |
| Gibsons | $949,000 | $175,000 | $70,000 | 13.6x |
| Richmond | $1,048,800 | $192,000 | $79,000 | 13.3x |
| Saanich | $1,099,000 | $201,000 | $93,000 | 11.8x |
| Delta | $1,260,000 | $229,000 | $108,000 | 11.7x |
| Parksville | $768,075 | $143,000 | $66,500 | 11.6x |
| Qualicum Beach | $870,000 | $161,000 | $76,500 | 11.4x |
| Sechelt | $799,000 | $149,000 | $73,500 | 10.9x |
| Victoria | $722,000 | $135,000 | $67,500 | 10.7x |
| Oliver | $735,000 | $138,000 | $68,500 | 10.7x |
| North Vancouver | $1,298,000 | $235,000 | $123,000 | 10.6x |
| Coquitlam | $965,900 | $178,000 | $92,000 | 10.5x |
| Maple Ridge | $1,100,000 | $201,000 | $105,000 | 10.5x |
| Hope | $663,000 | $125,000 | $64,000 | 10.4x |
| Burnaby | $858,000 | $159,000 | $83,000 | 10.3x |
| Surrey | $999,900 | $184,000 | $98,000 | 10.2x |
| Courtenay | $735,000 | $138,000 | $72,000 | 10.2x |
| Lake Country | $980,000 | $180,000 | $98,000 | 10x |
| Port Moody | $1,098,000 | $201,000 | $115,000 | 9.5x |
| Kelowna | $769,999 | $144,000 | $82,000 | 9.4x |
| Squamish | $1,029,000 | $189,000 | $111,000 | 9.3x |
| Langley | $989,850 | $182,000 | $108,000 | 9.2x |
| Penticton | $625,000 | $119,000 | $68,000 | 9.2x |
| Summerland | $750,000 | $140,000 | $82,000 | 9.1x |
| Abbotsford | $799,900 | $149,000 | $90,000 | 8.9x |
| Nanaimo | $675,000 | $127,000 | $75,500 | 8.9x |
| Mission | $875,000 | $162,000 | $98,000 | 8.9x |
| Chilliwack | $749,900 | $140,000 | $85,000 | 8.8x |
| Port Coquitlam | $899,444 | $166,000 | $102,000 | 8.8x |
| Salmon Arm | $659,000 | $124,000 | $75,000 | 8.8x |
| Sooke | $779,900 | $145,000 | $90,000 | 8.7x |
| Port Alberni | $539,900 | $104,000 | $62,800 | 8.6x |
| New Westminster | $699,000 | $131,000 | $82,000 | 8.5x |
| Vernon | $620,000 | $118,000 | $73,500 | 8.4x |
| Campbell River | $649,900 | $123,000 | $78,000 | 8.3x |
| Powell River | $545,000 | $105,000 | $67,000 | 8.1x |
| Langford | $699,900 | $132,000 | $93,000 | 7.5x |
| Kamloops | $639,900 | $121,000 | $88,000 | 7.3x |
| West Kelowna | $725,000 | $136,000 | $99,000 | 7.3x |
| Osoyoos | $449,000 | $88,000 | $66,000 | 6.8x |
| Merritt | $379,950 | $76,000 | $70,000 | 5.4x |
| Quesnel | $325,000 | $66,000 | $67,000 | 4.9x |
| Prince George | $394,000 | $78,000 | $88,000 | 4.5x |
| Dawson Creek | $362,500 | $73,000 | $81,000 | 4.5x |
| Fort St. John | $386,950 | $77,000 | $102,000 | 3.8x |
What the numbers say about Kelowna
The median asking price in Kelowna is $769,999. At the minimum down payment of $52,000, the mortgage would be $717,999, and the payment about $3,970 a month over 25 years.
Lenders do not qualify you at that rate. Under the stress test the same mortgage is assessed at about $4,805 a month, which is the figure that decides whether the loan is approved.
Households in Kelowna earn a median of $82,000, so the median home asks 9.4 times a full year of household income before tax.
That payment alone would take about 58% of median gross household income, before property tax, strata fees, insurance, heat or anything else a home costs to run.
27% of Kelowna households already spend more than 30% of income on shelter, which is the line Statistics Canada uses to call housing unaffordable.
Against the rest of the province, where the median city sits at about 9.3 times income, Kelowna is close to typical.
What the payment figures assume
- A 4.49% rate over 25 years. An illustration, not a quote.
- The minimum down payment of $52,000.
- Tested at 6.49%.
- Principal and interest only.
Questions
What income do you need to buy a home in Kelowna?
At the $769,999 median asking price, with 20% down and no other debt, about $144,000 a year in household income. These are examples, not a quote or an approval.
Is housing affordable in Kelowna?
The median Kelowna home costs 9.4 times the median yearly household income. 27% of local households spend more than 30% of income on housing.
Compare another city
Borrowing costs
What money costs right now
The rates behind every payment estimate on this site.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.58%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.50%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-10-29
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: Statistics Canada 2021 Census and BCRES MLS® listings.
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.
Payment figures are examples at an illustrative rate, not a rate quote, an approval, or financial advice.