Hi there,
If you're like us, you might call the Okanagan home or have chosen to invest here. But do you know your fellow residents who make this location great? Let's dive into the demographics of our city and uncover some interesting insights:
1. Total Population: Kelowna's population is on the rise, hitting 235,472 in 2022. This reflects growth of 2.8% from the previous year, showcasing the city's increasing popularity and appeal.
2. Average Age: Kelowna's community is a vibrant mix of age groups. The average age is approximately 42 years old, creating a dynamic blend of young professionals, families, and retirees.
3. Average Income: The average household income in Kelowna is a healthy $108,814. This financial stability supports a comfortable lifestyle and the ability to invest in properties that match your unique preferences.
4. Housing Diversity: Kelowna offers a range of housing options:
- 56% of residents choose the space, privacy, and ownership of homes.
- 44% of residents opt for the convenience and low-maintenance lifestyle of condominiums and townhomes.
5. Home Ownership and Rentals: In Kelowna, 67% of properties are owned, while 33% are available for rent. This variety ensures suitable housing for homeowners and renters alike, aligning with their needs and dreams.
6. Top Industries for Employment: In 2021, the leading employment sectors in the Central Okanagan were healthcare & social assistance (14%), retail (12%), and construction (11.5%).
The Okanagan remains a top choice for Canadians to call home or to invest. Despite the downward national real estate trend, the appeal of the Okanagan endures for those looking to live or invest.
If you're considering a move or know of someone who is, we're here to help. Don't forget, each time you refer Stone Sisters and that person buys or sells with us, you are entered into a draw to win a trip for two.
Wishing you a wonderful remainder of the summer!
Best regards,
Shannon and Tamara
*resources from Investkelowna.com and Kelowna.ca*
