Kelowna second-fastest growing number of households in Canada

Kelowna is Canada’s second-fastest growing city in terms of number of households, according to Canadian Mortgage and Housing Corp. (CMHC) data released today.

Kelowna is Canada’s second-fastest growing city in terms of number of households, according to Canadian Mortgage and Housing Corp. (CMHC) data released today.

The CMHC’s 10th annual Canadian Housing Observer publication found that between 2006 and 2011, the number of households in Kelowna grew to 74,942 from 66,925– an increase of 12% in five years.

The fastest-growing city was Moncton, New Brunswick, which saw a 13% increase in the number of households, from 51,593 to 58,294.

Nationally, the number of households grew 7.1% over the same period, from 12.4 to 13.3 million.

British Columbia grew slightly faster than the national average, with a 7.4% increase.

The provinces or territories with the highest rates of growth in the number of households were:

  • Yukon (11.9%, from 12,615 to 14,117);
  • Alberta (10.7%, from 1.3 to 1.4 million); and
  • Nunavut (10.3%, from 7,855 to 8,661).

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

Also Read

More From Economy

Exchange executives asked to balance streamlined processes with high standards to protect investors

Read Article

BIV’s vice-president of audience and business development Kirk LaPointe on the news of the week

Read Article

While Canada had a net loss of jobs in January, British Columbia continued to buck the national trend, and...

Read Article

But critics say strategies appear to be "hastily assembled"

Read Article

Saving taxes is not the main motivation for planned giving – but it sure doesn’t hurt  

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×