Penticton Case Study

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Penticton’s Demographics Penticton is a picturesque, small city located in the Okanagan and is home to some of the province’s most stunning freshwater beaches. The city enjoys a mild climate and hot summers, which makes it an attractive place to call home and a tourist hotspot in the summers. To gain a better understanding of the makeup of this wonderful city, here is a brief overview of the demographics of Penticton. Population Penticton’s population has remained relatively stable over the past decade with a current population of 33 761. However, over the past 5 years, Penticton has seen a 3% growth, and this has directly translated into economic growth, new housing projects and new business applications. Growth is forecasted to continue for the next few years and Penticton should maintain to attract a diverse and skilled …show more content…

This large work force is comprised of a strong base of skilled and general labourers when compared to the rest of British Columbia. Wage rates in Penticton make it a very attractive place for employers, therefore a great city for small businesses. Housing The housing selection in Penticton is well balanced. There is an excellent selection of stand-alone houses in the safe and welcoming neighbourhoods. Penticton also has a wide choice of both high rise and low rise apartments and row houses. Over 63% of residents in Penticton own their own home while almost 37% of residents rent. The average housing price in the city is just over $ 394 000. In recent years, Penticton has enjoyed a rise in housing starts bringing both new rental and ownership opportunities. Languages The three most spoken languages in Lethbridge, in order, are: • English – 86% • German – 3% • Punjabi -

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