Kelowna has maintained its position as the eighth-most expensive rental market in Canada. 

According to PadMapper’s latest rental data, Kelowna remains more expensive for renters than several other popular Canadian cities such as Calgary, Edmonton and Hamilton.

Kelowna's rental market continues to be defined by the contrast in the price of one versus two-bedroom units.

Year over year, rental prices for one-bedroom units have shown an 8% increase, with the average price finishing the year at $1,350.

Conversely, the cost of two-bedroom units has dropped by 4.2% in the city, leaving the average price at $1,610 to finish 2019. 

In comparison, one-bedroom rentals in Victoria have jumped 12.2% year over year, with the average price for a two-bedroom rental increasing 15.5%

Across the rest of the country, PadMapper reports that a total of 11 cities saw an uptick in month over month rental prices, while nine cities saw a drop in the average cost of rent.

Even with the large increase in the price of one bedroom units over the past 12 months, Kelowna remains the cheapest of the four B.C. cities sitting in the top 10.

After being passed by Toronto, Vancouver is currently the second most expensive city for renters in Canada, with Burnaby sitting third and Victoria not far behind in fourth place.

Abbotsford, where the average price of a one bedroom unit is $1,090 sits in 17th and is the only other city in B.C. to make the 25 Canadian cities on the list.