Investing in Kelowna, British Columbia

 Print

Overview

Region:  Thompson/Okanagan

Regional District:  Central Okanagan

With a trading area of 520,000 and infrastructure to support business, Kelowna and the Central Okanagan is the largest trading centre between greater Vancouver and Alberta. The Okanagan has a diverse economy with prime industry sectors including agriculture, tourism, retail trade, manufacturing, forestry and construction. Key growth industries for the Valley include information and high technology, film, viticulture and wine production as well as aviation and health care. With much in the way of available business resources, the Valley is an ideal destination for business start-ups, expansion and relocation. The Okanagan has become a prime destination for residential and small business relocations due to the exceptionally moderate climate, strong transportation, trained labour force and availability of diverse recreational opportunities.

The Regional District of Central Okanagan (Kelowna CMA) comprises the City of Kelowna, District of West Kelowna, District of Peachland, District of Lake Country, Central Okanagan J (census subdivision), Central Okanagan East Electoral Area (formerly Joe Rich – Ellison). The self-governed Westbank First Nation is also geographically located within the Central Okanagan Regional District. All have unique characteristics but are closely interrelated.

The Region has a well-diversified economy, with health care, education construction, agriculture and tourism being the main industries. The warm climate makes this area one of the more important agricultural centres in the province and is one of many attractions for tourists. Improved transportation links to the Lower Mainland have enhanced the Central Okanagan as a place to locate secondary and tertiary manufacturing.

The region has experienced significant growth in residential construction over the past several years. Key economic drivers in the region include the University of British Columbia, Okanagan Campus with an annual economic impact of $1 billion and YLW Kelowna International Airport with an annual economic output of $ 610 million. Kelowna General Hospital and Okanagan College are also major contributors to employment and economic impact in the region.

The Central Okanagan and the Okanagan Valley continue to undergo significant urban development. The Central Okanagan has more than 568 hectares of development-ready, industrially zoned land available to meet the growing demands of a population expected to reach 250,000 by 2032.

http://www.investkelowna.com

Map

Community Size: 261.72 km²

The BC Economic Atlas provides an intuitive way to gain a better understanding of B.C.’s vibrant economy and diverse communities by making information available from thousands of data sources through the use of interactive maps. This information can be used for opportunity identification and business case analysis by site selectors and corporate investors.

Statistics Navigator

View facts and figures about Kelowna, BC to help inform your investment research. Click the title to expand and display the statistics.

NOTE: Driving distances are measured using the road/ferry network starting with a key point in a community (e.g main office address).

 

Demographics

Leading Employers

Taxation

Payroll Costs

Labour Force

Research & Education

Transportation & Logistics

Utilities

Quality of Life

Government

Communities Nearby

 
Recent opportunities in the area

For sale: up to 5600sq ft of commercial space - built to suit

2203 Dartmouth Dr, Penticton, BC
Business Centre expansion - 2 x 1277sq ft units available for purchase as a strata property.@Under construction now with an expected completion date of July 2018. Great access and customer parking. Units can be combined to create up to 5600sq ft including mezzanine. Square foot price of $250, which ... continue

Automotive Repair and Maintenance Franchise is a business for sale in BC.

Automotive Repair and Maintenance Franchise

Kelowna, Kelowna, BC
The business performs safe, high quality automotive repairs, from oil changes to diagnostic services, tune-ups, fluid flushes, steering and suspension repairs, brake and muffler and more. Licensed mechanic trained on the latest automotive technology and would like to stay on. Business is fully compu... continue

Central Park Power Centre is a commercial real estate opportunity in BC.

304 - Central Park Power Centre

1575 Banks Rd, Kelowna, BC, V1X 7Y8
Central Park Power Centre, with its shadow anchors of Walmart and The Home Depot, is the second largest shopping centre in the Okanagan Valley. Highway 97 provides the 450,000 people within the Okanagan trade area with convenient access to Central Park Power Centre.... continue

Success Stories

View all Success Stories
 
Aboriginal Business and Investment Council finalized

https://news.gov.bc.ca/stories/aboriginal-business-and-investment-council-finalized   VICTORIA - As the province attracts increased investment opportunities, the new Aboriginal Business and Investment Council is ready to help move projects forward that create jobs for families across... continue

 
 
A golden opportunity for the Stk’emlupsemc te Sewepemc Nation

Successful partnerships can strengthen communities, companies and regions. That’s certainly the case for the Stk’emlupsemc te Sewepemc Nation (SSN), which represents two member bands of the Secwepemc Nation that joined forces to pursue economic development opportunities in B.C.&rsquo... continue