Kelowna makes Canada's "least" affordable housing market list

A report by the Frontier Centre for Public Policy rates cities with a number indicating the multiple of median annual family income it takes to buy a median-priced house in that city. In Vancouver, it takes more than nine times a yearly income.

CANADA'S LEAST AFFORDABLE CITiES:
Vancouver 9.3
Victoria 7.9
Abbotsford 6.6
Kelowna 5.9

MOST AFFORDABLE CITIES:
Saint John, N.B. 2.8
Moncton, N.B.: 2.5
Windsor, Ont.: 2.2
Thunder Bay, Ont.: 2.2

(SOURCE: Frontier Centre for Public Policy)


KELOWNA 2009 HOUSE PRICES:
$453,712 average house price
$438,000 median house price

NOTE: City of Kelowna includes the areas of Black Mountain*, Dilworth Mountain, Ellison*, Glenmore, Joe Riche*, Kelowna North, Kelowna South, Lower Mission, North Glenmore, Rutland North, Rutland South, Southeast Kelowna, Springfield/Spall, University District and Upper Mission.

*portions of these areas are under the jurisdiction of the Regional District of Central Okanagan.

2009 MEDIAN HOUSE PRICES:
$448,000 Black Mountain
$562,500 Dilworth Mountain
$387,250 Eillison
$405,250 Glenmore
$499,000 Joe Riche
$335,000 Kelowna North
$385,000 Kelowna South
$470,500 Lower Mission
$425,000 North Glenmore
$365,000 Rutland North
$360,000 Rutland South
$534,500 Southeast Kelowna
$284,000 Springfield/Spall
$529,000 University District
$570,000 Upper Mission

(Median price is the middle value of a set of values whereas the average price is the arithmetic average, computed by adding up a collection of numbers and dividing by their count.)

Inspite of Kelowna ranking 4th in "Canada's least affordable houseing market list" there is ample selection of homes in all price ranges. To find the right home at the right price OR sell your home at max value contact june@juneconway.com or 250.317.3136