[3] Loon Lake has approximately 200 permanent residents, with the population swelling to over 1000 in peak holiday season.

Local government is provided by the Thompson-Nicola Regional District, policing by Clinton; and the closest hospital is in Ashcroft.

[6][7] The services at the lake include resorts as well as stores, boat rentals, gas and propane, RV parking, and camping.

It was followed by the establishment of Loon Lake Resort by Ed and Pearl Dougherty in 1938, along with The White Moose by N. Fowler.

The abundance of freshwater shrimp, dragon flies, nymphs, chironomids, and mayflies aid in flyfishing; however, trolling with flatfish and spinning lures are still the most popular methods used on the lake.