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

Overhead lights have been installed at the Oliver skatepark so kids can enjoy the park longer during winter hours. (Argon photo)
Community lights up Oliver skatepark, calling it a ‘game changer’ for youth

Both the dog park and Small Wheels Skatepark have lighting now

Pathways
LETTER: Pathways chair says ‘wet houses’ can be part of solution but only with proper supports

Sherry Ure says we need to all come together and help our neighbours

Forty-seven vaccination clinics will open across Interior Health beginning March 15. (Canadian Press)
48 COVID-19 vaccine clinics to open across Interior Health

Select groups can book appointments starting Monday

Chelsea Ishizuka was borned and raised in Penticton but has now moved to Japan. When she found out there was a popular restaurant there named after Penticton, she had to go check it out. Here she is with the owner (right). (Facebook)
Popular restaurant in Japan named after city of Penticton

A Pentictonite now living in Tokyo discovered the eatery and the history behind its name

There is no true picture of how many youth in Penticton are experiencing housing instability or true homelessness. The Foundry and the city of Penticton are trying to find that out.
How many youth are experiencing homelessness in Penticton?

Foundry Penticton and the City have partnered on a youth survey open until March 13

Elvira D’Angelo, 92, waits to receive her COVID-19 vaccination shot at a clinic in Montreal, Sunday, March 7, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
‘It’s been a good week’: Tam hopeful on vaccines as pandemic anniversary nears

Tam says the addition of two new vaccines will help Canadians get immunized faster

Const. Allan Young. Photo: Abbotsford Police Department
Manslaughter charge laid in Nelson death of Abbotsford police officer

Allan Young died after an incident in downtown Nelson last summer

Kelowna General Hospital (File photo)
One of two Kelowna General Hospital COVID-19 outbreaks declared over

One outbreak declared over after two deaths, seven cases; another outbreak remains ongoing in the hospital

Cottonwoods Care Home in Kelowna. (Google Maps)
COVID-19 outbreak declared at Kelowna care home after 12 cases noted

Two staff members and 10 residents at Cottonwoods Care Centre have tested positive for COVID-19

Coldstream’s Kalamalka Secondary has teamed up with Globox on a fundraising raffle for its graduating class of 2021. (Photo supplied)
Okanagan secondary school grads glowing over fundraiser

Kalamalka Secondary teams with company on fundraising raffle, replacing annual apple pie fundraiser

(The Canadian Press)
‘Worse than Sept. 11, SARS and financial crisis combined’: Tourism industry in crisis

Travel services saw the biggest drop in active businesses with 31 per cent fewer firms operating

Pictures and notes in from friends and classmates make up a memorial in support and memory of Aubrey Berry, 4, and her sister Chloe, 6, during a vigil held at Willows Beach in Oak Bay, B.C., on December 30, 2017. THE CANADIAN PRESS/Chad Hipolito
Mother of slain daughters supports recent changes to Canada’s Divorce Act

Sarah Cotton-Elliott said she believed her children took a back seat to arranging equal parenting

Multiple people were injured at a Vernon home following an early-morning break-in Saturday, March 6, 2021. (Black Press file photo)
Multiple people left injured following break-and-enter in Vernon

Police believe the early-morning break-in was targeted and not a threat to the general public

Most Read