Lumby

Lumby sits in the North Okanagan where the mountains meet the valley floor, and the pace slows down just enough to remember what matters. This town of just over 2,000 people has quietly grown by 12.5% since 2016, attracting folks who want small-town charm without complete isolation from amenities.

The housing market here tells an interesting story. Two-thirds of homes are single-detached houses, which makes sense when you’ve got space to spread out and a median household income of $77,000 that goes further than it would in Vancouver. Construction leads the local economy at 18.2% of employment, followed by healthcare and retail — the kind of economic mix that keeps a community grounded.

What sets Lumby apart is its position as a gateway to outdoor recreation. You’re close enough to Vernon for serious shopping and services, but far enough away that you can actually see stars at night. The climate has been warming steadily, moving from zone 5b to 6a over recent decades, which means longer growing seasons and more options for both farmers and gardeners.

The demographics paint a picture of stability: median age of 42.8 years with nearly a quarter of residents over 65. These aren’t the kind of people who move on a whim. They’ve chosen Lumby for reasons that stick — affordability, community feel, and access to the outdoors without the crowds.

For mortgage brokers working with clients who want rural living within reach of urban conveniences, Lumby offers solid fundamentals. Tekamar lends here with a maximum 60% LTV, recognizing that while this isn’t Kelowna’s fast-paced market, it’s got the steady appeal that keeps property values stable in smaller North Okanagan communities.