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Population Projections

POPULATION PROJECTIONS

 

The British Columbia Ministry of Finance and Corporate Relations has declared population projections for each of the province's regional districts. These projections suggest that the Regional District of Central Okanagan will, over the next 20 years, grow at an average annual rate of 2.24%. This would, by 2020, result in a regional population of approximately 240,000. The province's population projections are based on the following assumptions:

 

  • declining birth rates

  • aging of the baby boomers

  • increasing life expectancy

  • migration of retirees from teh rest of the country

  

The Regional District contains areas outside of Kelowna in which growth will be severely limited by topography, ALR considerations and lack of infrastructure. Given the higher level of urban services in Kelowna, it is expected that growth within the city boundaries will be somewhat higher than in the remainder of the Regional District. For projection purposes, Kelowna has. therefore, used an average annual growth rate of 2.4% over 20 years. On that basis, Kelowna's population in the year 2020 would be 156,125.

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