Kelowna seen from the top of Knox Mountain. (Phil McLachlan - Capital News file)

Homeownership unattainable for many Kelowna residents

Single-person and single-parent households often have limited options when it comes to housing

Homeownership is out of reach for many Kelowna residents, according to a regional housing needs assessment compiled by the Regional District of Central Okanagan (RDCO).

The assessment states median income couples in Kelowna, while often able to afford an average-priced condo for less than 30 per cent of their income, find townhouses and single-family dwellings out of their reach. For median income single-parent or single-person households, the report found there are no affordable homeownership options based on average pricing.

As far as rentals go, the report states couple households can typically afford to rent all housing types in Kelowna but lone-parent households can only afford bachelor or one-bedroom housing units. There are no affordable rentals for single-person households, the report stated.

The report states the number of people over the age of 65 is expected to grow, a population particularly vulnerable to housing unaffordability.

The RDCO is expecting almost 60,000 more people to move into the region by 2036, resulting in the demand for approximately 26,000 housing units. A good chunk of the units needed to address the housing issues is expected to be multi-unit housing, such as apartments and townhouses.

The B.C. government mandated that municipalities and regional governments across the province must complete housing needs assessments by April 2022, and once every five years subsequently. The city, while having completed a similar assessment in 2017, was forced to use one compiled in November 2019 by the RDCO as its report didn’t meet provincial requirements due to it taking place before the legislation change.

The RDCO report was presented to Kelowna council on Monday (Jan. 26), allowing the city to meet the provincial requirement.

READ MORE: ‘Roadmap out of COVID-19’: Innovate BC’s program helping businesses recover

Do you have something to add to this story, or something else we should report on? Email: michael.rodriguez@kelownacapnews.com


@michaelrdrguez
Like us on Facebook and follow us on Twitter.

Central Okanagan Regional DistrictCity of Kelowna

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Although B.C. has not made masks mandatory in public indoor spaces, some business owners are requiring all customers to wear them before entering their store. (Ashley Wadhwani/Black Press Media)
EDITORIAL: Heightened tension over face masks

Incidents of anger and conflicts over mandated masks happening too frequently

A health worker holds a vial of AstraZeneca vaccine to be administered to members of the police at a COVID-19 vaccination center in Mainz, Germany, Thursday, Feb. 25, 2021. (Andreas Arnold/dpa via AP)
43 new COVID-19 cases in Interior Health

368 cases in the region remain active

A real estate sign is pictured in Vancouver, Tuesday, June, 12, 2018. (THE CANADIAN PRESS/Jonathan Hayward)
Okanagan-Shuswap real estate market continues hot start to 2021

Sales in February were up more than 100 per cent over last year, reports the Association of Interior Realtors

The City Park dock in Kelowna was underwater due to rising Okanagan Lake flooding in 2017. (OBWB photo)
Okanagan facing extreme flooding risk

Water board calls for updated Okanagan Lake level management

A nurse performs a test on a patient at a drive-in COVID-19 clinic in Montreal, on Wednesday, October 21, 2020. THE CANADIAN PRESS/Paul Chiasson
Interior Health reports 16 new COVID-19 cases

423 cases remain active in the region

Health Minister Adrian Dix looks on as Dr. Bonnie Henry pauses for a moment as she gives her daily media briefing regarding COVID-19 for British Columbia in Victoria, B.C. THE CANADIAN PRESS/Jonathan Hayward
7 additional deaths and 542 new COVID-19 cases in B.C.

Provincial health officials reported 18 new COVID-19 cases linked to variants of concern

A protest has been planned for March 5, 2020 over Penticton council’s decision to reject an application from BC Housing to keep an emergency winter shelter open over a year longer than originally planned. (Jesse Day - Western News)
‘Bring your tent’: Protest planned in Penticton’s Gyro Park over winter shelter closure

Protesters plan to show council ‘what the result of their decision will look like’

A recently finished $4.3-million taxiway extension at the Victoria International Airport (not pictured) is unusable because of a blind spot. (Black Press Media file photo)
Blind spot leaves Victoria airport’s new $4.3-million taxiway extension unusable

Solution has been put on hold by COVID-19 pandemic, says airport authority

John Hordyk said it isn’t fair to just look at COVID-19 deaths as many survivors are experiencing long-term impacts, himself included. (Photo by Rachel Muise)
Not getting better: Revelstoke man diagnosed with post-COVID-19 syndrome

‘I hope the damage isn’t long term, but it could be permanent’

The City of Vancouver estimates there are 3,500 Canada geese in the city right now, and that number is growing. (Bruce Hogarth)
Help tame Vancouver’s Canada goose population by reporting nests: park officials

The city is asking residents to be on the lookout so staff can remove nests or addle eggs

Chief Justice Christopher Hinkson (Office of the Chief Justice)
Judge questions whether B.C.’s top doctor appreciated right to religious freedom

Lawyer for province says Dr. Henry has outlined the reasons for her orders publicly

Penticton mayor John Vassilaki responded to BC Housing minster David Eby’s remarks that the city has put themselves at risk of creating a tent city Wednesday, March 3, 2020. (Western News file photo)
Penticton mayor calls out BC Housing minister for ‘irresponsible fear-mongering’

Council recently rejected BC Housing’s request to keep a winter shelter open longer than first planned

A sample of guns seized at the Pacific Highway border crossing from the U.S. into B.C. in 2014. Guns smuggled from the U.S. are used in criminal activity, often associated with drug gangs. (Canada Border Service Agency)
B.C. moves to seize vehicles transporting illegal firearms

Bill bans sale of imitation or BB guns to young people

BC Housing minister David Eby is concerned that Penticton council’s decision to close a local homeless shelter will result in a “tent city” similar to this one in Everett, Wa. (Olivia Vanni / Black Press file)
‘Disappointed and baffled’ housing minister warns of tent city in Penticton

Penticton council’s decision to close a local homeless shelter could create tent city, says David Eby

Most Read