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

More from Economy

British Columbians contributed highest amounts in Canada to TFSAs

Read Article

B.C. small business confidence slips in February: CFIB

Read Article

BIV on Global BC February 22, 2017: B.C. Budget 2017; Weak holiday ...

Tyler Orton discusses the business implications of the provincial budget. Plus: Weak holiday spending causes retail sales to fall

Read Article

December retail sales disappoint, but Canadian economy still on track: analysts

Read Article

B.C. Budget 2017: Support for industry and the search for new markets

Province pushes diversification in the face of protectionism   

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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