05 Mar West Kelowna Mayor Gord Milsom “State of the City Address”
March 04, 2020
West Kelowna Mayor Gord Milsom delivered his State of the City address at a sold out Greater Westside Board of Trade event and the outlook for the city remains positive. Key indicators continue to point to a strong economy in the City of West Kelowna.
“West Kelowna is an attractive place to live, work and play, and Council and I are encouraged by our strong economic numbers,” says Mayor Gord Milsom. “Our city continues to attract residents from across the country who are seeking the spectacular Okanagan lifestyle.”
Economic growth and prosperity is one of Council’s four key pillars of its 2020 – 2022 Strategic Priorities, which includes increasing service levels within the development community, increasing the number of businesses, seeking an opt-out option of the Speculation and Vacancy Tax (SVT) and other deliverables.
BC Statistics estimates West Kelowna’s population reached 35,818 in 2019, a 1.3% increase over 2018 and 31.5% greater than when the community incorporated 12 years ago. As one of the fastest growing areas in the region, West Kelowna plays a vital role in the development of the Okanagan’s economy.
Figures show the number of active business licenses grew to over 2,000 in 2019 – an impressive record-setting result since incorporation in 2007.
Construction also reached new heights in West Kelowna in 2019. Residential development in Westbank Centre climbed to six-storeys and the taller, denser developments increased the total value in construction to a staggering $140,352,508 in 2019, 66% above the $84,355,835 yearly average since West Kelowna incorporated.
“Council’s priority is to continue to shape West Kelowna as a destination of choice for people to live in, with increased housing, and invest in, through the creation of local jobs and business opportunities,” says Mayor Milsom. “The community continues to evolve and we are excited to implement our plans to further grow the local economy.”