Lake Country and the Central Okanagan are poised for employment growth in 2013, boosting demand for real estate in the area over the next couple of years. As one of the fastest-growing regions in British Columbia and the largest population between Vancouver and Calgary, the Okanagan Valley is viewed as a highly advantageous place to buy a home and to live. Home buyers benefit from an ample home listings and strong price competition, and will continue to do so through 2013.
Lake Country’s high average incomes and strong middle class will provide a good marketplace for business.
|Household Type||Lake Country||BC Average|
|All private households||$56,592||$52,709|
|Couple households with children||$78,692||$79,509|
|Couple households without children||$59,781||$63,969|
|Other household types||$54,544||$47,266|
Owned vs Rented Dwellings
Lake Country residents own a much higher percentage of their homes than the Canadian average, emphasizing the stable and established nature of the population.
Occupied Dwelling Characteristics
Lake Country residents tend to live in single family homes at a higher rate than the provincial average.
|Apartment, <5 stories||1.8%||20.9%|
|Apartment, >5 stories||0.0%||7.2%|