City of Courtenay Official Community Plan - 2026 update

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Income • The average household income in

The following projections are provided to 2041, in order to forecast and align with the 20-year HNR projections.

Courtenay is currently $74,800 ($41,360 - average income of one-person households, $91,000 - average income of two-or-more persons households). • These figures are lower than respective provincial averages. • Approximately 4% of households have incomes less than $20,000. • Approximately 17% have incomes between $20,000 and $40,000. • Low-income residents comprise 11% of the overall population. (Sources: City of Courtenay 2024 Housing Needs Report, City of Courtenay 2024 Complete Communities Growth Assessment, 2021 Census) Housing • The Census 2021 data reported 13,414 dwellings within the city. • The majority of dwellings (70%) were constructed after 1981. • Approximately 71% of the total dwellings are owner-occupied, while 29% of the total dwellings are rented. • Single-detached dwellings are a main form of housing type currently provided in Courtenay. Of the total housing approximately: • 50% are single-detached dwellings, • 7% are row houses, • 19% are semi-detached and duplex dwellings, and • 21% are multi-residential dwellings.

• Courtenay population is projected to grow by 44% to reach a total of 42,415 by 2041 from 29,530 (2021). • An approximate 11% growth rate is estimated between 2021 and 2026 and an approximate 44% growth rate estimated over the 20 years to 2041. • The city has a current average age of 46.8, which is slightly higher than the provincial average of 43.1. • Historically, the highest rates of growth have largely been among senior (65+) populations. This growth is anticipated to continue over the next two decades, but is likely to be outpaced by growth among 25- to 44- year olds. • The proportion of Courtenay’s population that is comprised of certain equity-priority groups , includes: women (53%), Indigenous (7%), and visible minorities (8%). • Immigrants comprise 13.6% of the total population. 7.3% are from Europe, 3.7% are from Asia, 1.8% are from the Americas, and 0.5% are from Africa. • Single-parent households comprise 8.7% of the total number of households, which is proportionally higher than BC overall (7.6%).

City of Courtenay OCP Background Report PART A Foundations