Kelowna is currently a tough market for renters- vacancy is extremely low & rent is among the highest in Canada. Learn more here
In many cases, mortgage payments are lower than monthly rent! With minimum downpayments often at 10% and favourable interest rates, it’s an ideal time to make the jump to homeowner.
Another option is investing in a property for the purpose of renting out- it doesn’t get much better than having someone else pay off your mortgage for you!