Nestled in the heart of the Okanagan, Kelowna is known for its stunning lake and mountain views, four seasons of enjoyable weather and diverse neighbourhoods that are spread throughout the city.
While Kelowna’s natural beauty is undeniable, it’s not the only thing that the city has to offer. The real estate market is more affordable than larger Canadian cities, and the opportunities for work and education continue to grow. Kelowna was even listed in the top 10 places to work in B.C. by B.C. Business Magazinethis year.
With so many opportunities for residents and their families, it’s no surprise that Kelowna’s population is expected to add about 50,000 people between now and 2040.
Much of this growth will be from people moving to Kelowna from other cities and contributing to the city’s diversity. According to the 2018 Facts in Focuspaper, national migration has had the highest impact on Kelowna’s population growth in recent years. This impact is highly influenced by residents moving from the Lower Mainland as well as Alberta.
Photo Credit: 2018 Facts in Focus Paper
“Kelowna is getting more recognition around the globe as a place to live with clean resources, good job growth, an international airport, strong school district, and an amazing tourism industry. It’s no wonder why so many people fall in love with Kelowna and decide to move here eventually,” said JP Letnick, Co-Founder of Letnick Estates Group.
Letnick Estates believes in the importance of migration and diversity within a community, which is one of the reasons why they offer services in multiple languages including French, English, Mandarin, Cantonese, Japanese, Korean and Russian.
The benefits of immigration and migration in Kelowna
Without immigration or migration, population growth stagnates and economic growth slows. This trend compromises fiscal stability as the next generation of working Canadians will need to pay higher taxes to support the older generation.
As our population grows in numbers, it also ages. The expectation is that with the baby boomer generation aging, the number of seniors will double by 2040.
Not only do immigrants and migrants help us gain a stronger working population to fuel our economic growth, but they help encourage a community of social tolerance. An inclusive community of working-class families and people encourages acceptance, culture, creativity and will certainly help Kelowna’s social progress as it flourishes.
Making the transition easier
Relocating to a new community, city or country comes with its challenges, but having a realtor that understands your family’s priorities makes it a lot easier. Not only does Letnick Estates ease communication barriers, but their team has the experience to help migrants and immigrants find the ideal place to build a future.
“We offer service in the main language of the client and if we can’t do that we will provide a translator or refer the client to someone who can,” said Letnick.
For more information on Letnick Estates Realtor Group visit their website.
Our realtor team strives to offer excellent service while helping you find your home within the Okanagan. We offer service in English, French, Mandarin, Cantonese, Japanese, Russian and Korean. When you deal with any of our agents you can feel comfortable knowing we have your best interests at heart. Content sponsored by the Letnick Estates Group Kelowna Real Estate Team.
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Article is from KelowaNow: https://www.kelownanow.com/news/news/Sponsored/Why_migration_is_important_to_the_future_of_Kelowna_s_economy/