Kelowna's rental vacancy rate surged, offering incentives

globalnews.ca

Kelowna's rental vacancy rate has surged to 4.5%, leading to incentives like free rent as landlords compete for tenants. Approximately 1,100 new rental units have been added in 2025, with more expected, significantly easing previous housing pressures and lowering rental costs. This shift is attributed to government incentives, though experts anticipate a slowdown in construction due to economic factors, emphasizing the need for continued rental development.


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Kelowna's rental vacancy rate surged, offering incentives | News Minimalist