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It’s no surprise that 2024 has been a big year for Kelowna - from events and new home developments to the biggest piece of news yet… hitting a population milestone.
With all the perks Kelowna has to offer, it’s no wonder the region has become Canada’s fastest-growing urban area. The Okanagan lifestyle is one that has drawn people in from all over for as long as we can recall and that doesn’t appear to be changing any time soon.
The Okanagan is targeted for growth with the estimated (and already surpassed) population amount of 250,000. So what does this mean and where are we headed?
While both Canadian real estate and the Kelowna region continue to find themselves in the headlines, we expect to see a rise in news while the area continues its growth journey. In January of this year, the Okanagan population reached its quarter-of-a-million mark, now sitting at over 250,000 people. With more neighbours, businesses, and communities popping up, we can expect the area to continue reaching such grand milestones.
Statistics Canada and StatsBC have accurately provided us with a sneak peek into Kelowna’s future this year and continue to give us an look into the next 2 decades using current data. These future estimates expect the Okanagan to more than double by 2046 reaching approx. 690,000. And as for the city of Kelowna, we can expect numbers of 250,000 people itself.
There's a reason locals call it the Okanagan Dream. Appealing to many, here you have all the small-town feel with everything a city has to offer. Whether it be breathtaking views or an active lifestyle, Kelowna continues to impress and welcome thousands of people every year.
If you’re considering making the move to join us in living the Okanagan Dream, you can start here with the Top 10 Reasons to Move to Kelowna.
With all this talk of moving, where does one go? The Okanagan can be fit for any lifestyle. Those looking for a peaceful, secluded lifestyle or hoping to be in the middle of it all will find themselves at home here. With that being said, the Okanagan’s more urbanized areas including Kelowna, West Kelowna and Lake Country are each expected to see population increases of over 60% in the next 22 years (learn more here).
Along with this increase in people is an increase in developments. Whether you're looking for a well-established, family-friendly neighbourhood in the suburbs or one of the city's latest and greatest townhome developments, we can help you find what you're looking for.
Browse Kelowna New Developments:
Kelowna is full of new developments - you're guaranteed to find the perfect fit for you and your family. You can start looking for your dream home at one of our featured developments here.
When it comes to a growing population and real estate market in Kelowna, it can sound a bit intimidating. But the truth is, growth means good news for your real estate investments now and into the future!
Looking to Move to Kelowna?
Contact your Kelowna Real Estate Pros at 250-258-9888 or contact@kelownarealestatepros.com
