Kelowna has a debt to income ratio problem, survey finds

Photo: The Canadian Press

Kelowna has plenty of money, but it also has lots of debt to go along with it.

Those were the findings from Urban Spotlight, a report released recently that examined the household financial health of Canada’s 35 largest cities.

Prosper Canada and the Canadian Council on Social Development conducted the research and found that Kelowna has good financial health overall.

Where it could be in trouble, however, is in its debt to income ratio.

The study’s authors categorize Kelowna as one of five cities that are “living large."

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