Buying or Renting a Condo in Kelowna for Your UBCO Student

Heading back to school each fall is always a busy time, especially if you’re planning where to live. In Kelowna, the University of British Columbia Okanagan (UBCO) draws in thousands of students and their families each year. For parents and investors, the area around UBCO offers great real estate opportunities. But should you buy a place or rent? And what’s the difference between purpose-built student rentals and a regular condo in Kelowna? This post will break it down in simple terms so you can decide what works best for your budget, your student, or your investment goals.

Should You Buy or Rent a Condo in Kelowna Near UBCO?

Fall brings a new class of students to Kelowna each year, and many families want to lock in housing before the semester starts. The biggest thing to figure out is whether it makes more sense to buy or rent. Renting is easier upfront. You don’t need a big down payment or a mortgage. Plus, you can choose a place for the school year and then move on. Many purpose-built student rentals include furniture, utilities, and easy access to UBCO. They’re also designed for student life, as many are equipped with study spaces, group lounges, and fitness areas.

But for families staying longer or investors looking to earn rental income, buying a condo in Kelowna might be smarter in the long run. Owning gives you more control. You can choose a quieter building, allow your student to have roommates, and even sell for a profit later. Some condos close to UBCO have been growing in value, especially in the University District and McKinley Beach areas. These are popular spots because they’re near campus but feel more like residential neighbourhoods than student dorms.

Renting is great for short-term flexibility. Buying is better for building equity and investing in a strong market. Either way, Kelowna’s low vacancy rates and growing student population mean housing near UBCO is in high demand.

Investing in a Condo in Kelowna

If you’re an investor thinking about the UBCO area, you’re not alone. Kelowna’s real estate market has drawn investors from across Canada. With high student demand, low rental supply, and steady price growth, it’s a great place to buy. Owning a condo in Kelowna close to UBCO can bring in solid rental income year after year.

Condos are especially popular because they’re easy to manage. You don’t need to mow lawns or fix roofs. Plus, many newer buildings have strata services that cover building maintenance. If your unit is near the University District or part of a newer development like McKinley Beach, you may even attract professionals or retirees once your student tenant moves out.

On the other hand, purpose-built rentals are great for students, but they don’t offer ownership opportunities. Some investors worry about turnover and wear-and-tear from student renters. A well-maintained condo with good rules can often attract more responsible tenants.

Another approach would be to buy a unit for your student to live in while studying. When they graduate, you rent it out or sell it. By the end of their education, you may have been able to generate enough equity to make a profit. If you want to buy, be sure to work with a local real estate expert who knows the UBCO area. They can guide you toward condos with solid rental histories and strong resale potential.

Contact us Today About Back-to-School Housing!

Whether you’re a parent helping your child move to Kelowna or an investor looking to grow your portfolio, now is the time to explore your options. A condo in Kelowna near UBCO can offer comfort and long-term value. Contact us today to schedule an appointment. 

University life moves fast, and so does the Kelowna real estate market. The sooner you start your search, the better chance you’ll have of finding the right fit. Want more info on the University District or McKinley Beach? Check out our March post to see what makes those areas stand out. Be sure to visit our social media for the latest updates and more!

FAQ on Buying or Renting Near UBCO

1. Is it cheaper to rent or buy near UBCO?

Renting is cheaper in the short term. But buying can save money if you plan to stay for years or want to rent the unit later.

2. What’s the difference between a condo and a student rental?

Condos are private units you can own. Student rentals are often shared buildings made just for student tenants. You can’t buy them, only rent.

3. Are condos in Kelowna a good investment?

Yes, especially near UBCO. The student population keeps demand high, and the area is growing fast.

4. Can I buy a condo and let my child live there during university?

Yes. Many parents do this. After graduation, you can sell or rent it out.

5. Where should I look for condos near UBCO?

Start with the University District, Quail Ridge, and McKinley Beach. They’re close to campus and popular with both students and buyers.