The Q1 2017 Central Okanagan Economic Indicators Report made for exciting reading, when it was announced this week.
The Central Okanagan Development Commission, has been monitoring 9 Key areas of the local Economy and their numbers show the Central Okanagan area to be the fastest growing region of British Columbia and one of the fastest in Canada.
Here is a snapshot of the numbers.
Looking at these numbers, it is no wonder the Kelowna Real Estate Market is so busy at present!
*The statistical data distributed in this document are reproduced from BC Stats, Statistics Canada, CMHC, YLW, RDCO local governments.
*Statistics Canada defines the Kelowna Census Metropolitan Area (CMA) as being identical in area with the Regional District of Central Okanagan.
*Labour Force Survey is a sample survey and estimates are subject to both sample survey and non-sampling errors.
Due to the relatively small sample size for the Kelowna CMA from which disaggregated data are derived, caution should be used in the interpretation of month-to-month changes in the estimates.
Trish and Tanis Real Estate
Tel 250 863 8989