The Regional District of Central Okanagan’s Economic Development Commission (COEDC) released the New Central Okanagan Economic Profile and the Q4 2023 Economic and Job Market Indicators. These resources provide data designed to assist local businesses with informed decision-making. The data also empowers regional partners with tools to support their stakeholders and drive sustainable economic growth in the region.
The Economic Profile is a resource that communicates the strengths and opportunities of the region and its communities with easy-to-access data and rich visuals. The tool provides local businesses with the information they need to make strategic business decisions, while also showcasing to prospective entrepreneurs why the Central Okanagan is the fastest-growing region in Canada (Statistics Canada, 2021).
The Economic Indicators Report is released quarterly by the COEDC and highlights key economic data for the Central Okanagan. The Q4 2023 Economic Indicators report includes cumulative statistics for nine economic indicators for the year to keep the public and business community informed on the region’s economic climate.
- population growth
- labour force
- housing starts
- building permit values
- business counts
- airport passengers
- median new home price
- average rent
- job postings.
In the past year, there has been a notable 5.4% increase in the number of businesses within the Kelowna Census Metropolitan Area (CMA).
Read more about these reports by the Central Okanagan Economic Development Commission (COEDC).
About the COEDC
The Central Okanagan Economic Development Commission (COEDC) has everything needed to know about doing business in the Central Okanagan. From facilitating business investment to supporting existing businesses looking to retain or expand operations, the COEDC is available to assist.