Why the Central Okanagan is Booming — And What It Means for You

Hello,

We recently hosted an incredible luncheon featuring Geoff Ritchie from Kelowna International Airport (YLW) and Krista Mallory from the Central Okanagan Economic Development Commission — and we wanted to share a few key takeaways that highlight why the Central Okanagan is one of Canada’s most exciting regions right now.

 Central Okanagan at a Glance

• Population (2024 est.): 251,723 — up 2% in just one year
• Growth since last Census: 14% — among the fastest in Canada
• Households: Over 94,000 and growing
• Median Income: $85,000
• Median Home Value: $750,000

It’s clear people aren’t just visiting the Okanagan — they’re choosing to stay, invest, and build their futures here.

 Big News from Kelowna International Airport (YLW)

YLW isn’t just growing — it’s transforming into a modern, world-class travel hub. Here’s what’s in store:

• Kelowna’s first 5-star hotel is coming — a major lifestyle and tourism boost, with Sutton Place built directly at the airport terminal
• Modern parkade to improve passenger convenience
• Projected passenger growth: increasing from 1.6 million to 3.5 million by 2045
• Expanded terminal spaces — including enhanced pre-board screening, arrivals area, customs, and lounge spaces — already underway
• On-site daycare: Kelowna Airport’s state-of-the-art daycare is also undergoing a major expansion

These investments support not only convenience but job creation, business growth, and increased tourism.

 What’s Fueling This Momentum?

 Lifestyle Meets Opportunity
World-class wineries, lake views, ski hills, and sunshine meet innovation and career potential.

 Innovation & Investment
The Okanagan’s clean tech, aerospace, and agri-tech sectors continue to grow — with over $13 billion in exports in 2022 alone.

 Smart Development
Increased housing density, infrastructure planning, and sustainable design are paving the way for thoughtful, long-term growth.

 Education & Talent
With institutions like UBC Okanagan and Okanagan College leading the way, more young families and professionals are choosing to settle here for the long haul.

Whether you’re buying, selling, or investing, the Okanagan continues to offer strong lifestyle and financial returns in one of Canada’s most desirable regions.

If you have any questions we can help answer or would like an updated opinion of value for your property - please let us know we are always happy to help.

Kind regards,
Shannon & Tamara