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Kelowna-Okanagan Multifamily Market Report 2020 Q4

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research article

The Okanagan population continues to grow with Kelowna leading the way resulting in a decline in vacancy rates. Demand continues to increase over supply creating stable cap rates and returns.

  • Average price per suite reaches $280,000.
  • Vacancy drops to 2.1%, Rutland sees minimal vacancy at 0.4%.
  • Rental rates see an increase of 3.4%, with an average rent price of $1,255 for 1-bedroom suites.
  • The entire Okanagan market has lower vacancy rates in comparison to Vancouver and Victoria.

Kelowna-Okanagan Multifamily Market Report 2020 Q4

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Pour plus d’informations, veuillez contacter:

Jack Shabbits

Senior Associate | Sales & Leasing | Okanagan Valley


Jack joined Colliers Kelowna in May 2007 as a member of the Sales and Leasing team.  For the past fourteen years, Jack has been focusing on commercial sales and leasing and has gained valuable market knowledge in the Okanagan. 

Jack has a wide spectrum of experience in sales and leasing and will be focusing on the land, building, and investment sales.  Jack brings his extensive knowledge of inventory, market conditions, lease comparables, trends and financial analysis to each client relationship.

Jack's business background, combined with his experience and dedication to the industry, has made him a great asset to his clients and relationships.

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Andre Garon

Senior Associate | Valuation & Advisory Services


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