Population of Summerland drops according to latest stats

By
Commercial Real Estate Agent with BusCom Real Estate Services

While figures which show that Summerland lost more than two per cent of its population between 2009 and 2010 concern Mayor Janice Perrino, she believes that this drop does not signal a long-term decline in the population of the community.

“No,” she said. “I think it will turn around as the economy turns around,” she said.

B.C. Statistics estimates that the population of Summerland dropped by 251 residents to 11,007 during the period between July 1, 2009 and June 30, 2010. This drop places Summerland among the top five communities with the fastest declining populations in terms of percentages. Only Oliver (5 per cent), Grand Forks (3.8 per cent), Mackenzie (3.3 per cent) and Merritt (2.3 per cent) recorded larger declines.

The figures tracking population change at the regional and municipal level reveal that the provincial population grew just under 71,000 to exceed 4.5 million between July 1, 2009 and June 30, 2010.

But this overall increase in the provincial population features regional variations with the South Okanagan along with the rest of the Okanagan ranking as the largest demographic loser.

Perrino blamed the drop on structural factors such as the aging population of the community and more immediate reasons such as the poor state of the global economy.

“The economy has been down,” she said. “You cannot do anything about this.”

News of Summerland’s declining population, which from the outside signals stagnation and decline, arrived against the background of less than rosy developments in the local economy.

Aspects of this portrait include the recent loss of several hundred jobs with changes in the declining agricultural industry, rising food-bank use and the scuttling of several high profile projects such as failed plans for a major golf resort development and the so-called Wharton Street project, an ambitious multi-use project to revitalize downtown including the public library.

Faced with these developments, council has agreed to ask citizens whether they would support Summerland becoming the site for a provincial prison project that could generate additional revenues but potentially damage the town’s reputation.

While Summerland fails to meet several key criteria for such a facility, public input eventually forced council including Perrino who had initially opposed the facility to launch public consultations.

Council, more immediately, plans to review the Wharton Street project next week and reveal plans to increase density throughout the downtown core to lower the cost of housing, said Perrino, citing this condition as one of the major obstacles to attracting younger people to live and work in the community.

Raymond's Two cents:  If your objective is to lower the cost of housing what is that going to do for the 72% drop in sales over December?  Prices are dropping faster than you think becasue of the lack of JOBS.  We need to focus on creating value NOT depressing our economy.  Summerland, Penticton, Okanagan, BC - Real Estate and Homes for Sale - Home Star Realty - Raymond MAASKE

“This zoning bylaw (review) will be the most important of (this council’s) three years,” she said, in promising that council will continue to work on ways to improve the long-term prospects of Summerland.

She also warned against acting out of “desperation” as it might lead to unintended consequences.

“You can’t let fear override your good judgement,” she said.

http://www.bclocalnews.com/okanagan_similkameen/kelownacapitalnews/news/114383259.html  

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Raymond MAASKE, BBA, CCC, ACRE

 

 

 

Confidential Business Broker & Commercial Real Estate Services

 

 

 

Direct: 250.878.2218

 

 

 

Email:  RaymondMAASKE@gmail.com

 

Website:  www.BusComRealEstate.com

 

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We are a full service CONFIDENTIAL Business Brokerage & Commercial Real Estate Company specializing in the sale of business and commercial property. We help business and commercial property owners sell their business and commercial property in A CONFIDENTIAL & PROFICIENT MANNER to a QUALIFIED BUYER.

 

 

 

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Rainer
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Nathan Bowman
Summerland Realty - Summerland, BC

Hello Raymond,

You hit the nail on the head with your two cents! We need to create value in order for Summerland to reverse this downward trend. If we can somehow create jobs, stability, and economic activity, the population numbers will change and Summerland will thrive. I do believe we need to act fast if we want to change the cycle. If only we could set up a commitee and have a group of local citizens to brainstorm ideas to find solutions to the problems we are facing. Thanks Raymond for the insight and it was a pleasure walking and talking with you today!

Nathan Bowman 

Jan 27, 2011 12:10 PM #1
Rainer
146,304
Raymond MAASKE
BusCom Real Estate Services - Okanagan Valley, BC
Commercial Real Estate

Thanks Nathan........lets keep walking and talking and seeking solutions. 

Jan 27, 2011 12:13 PM #2
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Raymond MAASKE

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