Employment


The number of people employed in the Thompson Okanagan Region increased from 242,900 in March 2018 to 262,100 in March 2019. Simultaneously, the number of people in the labour force increased from 262,400 in March 2018 to 276,700 in March 2019. Last month, employment rates were 62.0% in B.C. and 61.0% in Canada, while the Thompson Okanagan Region was 58.2%. The unemployment rate in the Thompson Okanagan Region increased from 4.7% in February to 5.3% in March.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops 2018


Airport Passenger Volumes


Continued strong growth last month which includes our best March and Q1 performance ever.

Source: Kamloops Airport Authority

Real Estate


The actual (not seasonally adjusted) national average price for homes sold in March 2019 was $481,745, down 1.8% from the same month in 2018.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada's most active and expensive markets. Excluding these two markets from calculations cuts close to $100,000 from the national average price, trimming it to just under $383,000.

Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association

Housing Construction


There were 23 new housing starts in Kamloops in March 2019, which was down from the 38 starts in March 2018. The 23 housing starts represented $6,866,880 in construction value, compared to $10,015,015 in construction value for the 38 housing starts in March of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In March 2019, the City of Kamloops issued 36 residential building permits valued at $7,103,385 down from the 52 permits issued in March of the previous year at a value of $11,030,515. A total of 12 commercial building permits were issued in March 2019 with a value of $8,909,291 compared to the 14 permits issued in March 2018 with a value of $4,387,600.

Source: City of Kamloops

Business Licenses


Kamloops issued 49 new business license applications in March 2019, down from 56 the previous year.

181

Business Licenses
Issued (YTD)

79

Residential Building Permits
Issued (YTD)

37

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops