Third
largest municipality in the Victoria Metropolitan Area with an
estimated (1998) population of 18,631.
Population
Projection for 2010 is 17,729 inhabitants.
The
area of land defined as Oak Bay is 16.37 sq. km.
Population
density is 1138 people per sq. km, which is the fourth largest
density in the Victoria Metropolitan Area.
The
average house price (Jan - Mar 1999) in Oak Bay is $346,039.
The
average household income in Oak Bay is $67,563.