BCStats has listed Vernon as one of the fastest growing communities in B.C., according to the just-released 2015 Municipal Population Estimates. Vernon’s growth was estimated at 3.4 per cent, making it the fifth fastest growing community among those cities with a population of 25,000 or greater. The other four cities were Langford (7.2 per cent), West Kelowna (5.3 per cent), Chilliwack (4.8 per cent) and Langley (3.5 per cent).
“2015 was a very strong year for development in Vernon, which was led by the residential and commercial sectors,” said Kevin Poole, Manager of Economic Development & Tourism for the City of Vernon. “As a result, we are not surprised to see such strong population growth in Vernon.”
Population growth is one of the key pieces of information that investors, developers, businesses and often new residents look at when determining where to invest, develop, expand or relocate. High population growth often signals strong investor confidence and opportunities for additional business services to meet the needs of new residents.
“2015 marks the first time in several years that Vernon’s growth rate has been substantially higher than that of the province as a whole, which was estimated at 1 per cent.”