Kelowna had the highest monthly rent increase for a one-bedroom apartment in November out of 34 Canadian cities, according to a Rentals.ca and Bullpen Research and Consulting report.

Between October and November, the report said one-bedroom units in Kelowna saw a 10.8 per cent increase in price to an average rental cost of $1,365.

This sets the Okanagan city apart from the average Canadian city, where one-bedroom units dropped in cost by 0.2 per cent to $1,390 between October and November.

In comparison, two-bedroom units in Kelowna, rentals only increased by 2.8 per cent to $1,966 over the same two months.

The report said Vancouver had the highest average two-bedroom rental price in November at $3,058.

Across the country, the report predicts the average rental price in Canada to increase by three per cent in 2020.

connor.trembley@kelownacapnews.com
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