demographics
04. demographics
British Columbia is projected to experience robust population growth over the next decade. This will have implications for how its metro areas accommodate the additions.
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Record-setting population growth in Canada and throughout British Columbia has already had major implications for housing in our local communities (later, we’ll explore how our housing supply has not been able to keep pace to-date). Beyond that, we also have to consider future population growth and for that we look to population forecasts from BC Stats. The provincial statistical agency has produced what can only be described as a "robust" outlook for population growth over the coming decade, one driven by high levels of net international migration continuing in the short-run—something that federal policy is looking to curtail.
The Central Okanagan's population is projected to continue to be one of the fastest growing among metro areas over the next 10 years, expanding by 26%. This would be just less than the 30% growth over the past ten, and would add more than 65,000 people to the region. As was the case in the past decade, a rapid growth rate is expected throughout the region, but with the lion’s share of additions coming within Kelowna proper (68%). This growth will require increasing the pace of housing construction, alongside transportation and infrastructure expansion to meet the needs of the population.
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