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Kelowna in 'Unique' Situation as Vacancy Rate Nears Seven per Cent

Kelowna’s rental vacancy rose to 6.4% as 1,300 new units entered the market and unemployment hit 11%, while rents still edged higher, CMHC reported.

Summary by castanet.net
Kelowna Mayor Tom Dyas says the city finds itself in 'uncharted territory as it finds itself with the highest rental vacancy rate of any metropolitan city in Canada. At 6.9 per cent, Kelowna easily surpassed Calgary's vacancy rate of five per cent. 'For us to be able to see it went from around four ...

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Global News broke the news in Toronto, Canada on Friday, December 12, 2025.
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