Employment


The number of people employed in the Thompson Okanagan Region increased from 262,500 in August 2018 to 282,300 in August 2019. Simultaneously, the number of people in the labour force increased from 279,600 in August 2018 to 295,900 in August 2019. Last month, employment rates were 63.3% in B.C. and 62.9% in Canada, while the Thompson Okanagan Region was 62.3%. The unemployment rate in the Thompson Okanagan Region increased from 4.4% in July to 4.6% in August.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops


Airport Passenger Volumes


Although month-to-month passenger growth on all carriers (ACA, WJA and CMA), remains strong at over 6%, there is a decrease from this period last year of 2.7%. Again, this decrease was expected as Rouge operated 10 flights versus 28 over the same period last year. We monitored Rouge passenger loads closely and we are communicating with Air Canada on the overall performance of the Toronto service.

Source: Kamloops Airport Authority

Real Estate


The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 per cent from the same month last year. The average MLS® residential price in the province was $684,497, a decline of 1.6 per cent from July 2018. Total sales dollar volume was $5.43 billion, a 10.5 per cent increase from the same month last year.

Last month there were 566 new listings and 319 unit sales in Kamloops, compared to the 533 new listings and 322 unit sales in July of last year.

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

Housing Construction


There were 14 new housing starts in Kamloops in August 2019, which was down from the 22 starts in August 2018. The 14 housing starts represented $3,389,700 in construction value, compared to $6,643,140 in construction value for the 22 housing starts in August of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In August 2019, the City of Kamloops issued 25 residential building permits valued at $3,833,400 down from the 35 permits issued in August of the previous year at a value of $7,101,740. A total of 18 commercial building permits were issued in August 2019 with a value of $3,837,000 compared to the 18 permits issued in August 2018 with a value of $4,966,000.

Source: City of Kamloops

Business Licenses


Kamloops issued 57 new business license applications in July 2019, up from 51 the previous year.

472

Business Licenses
Issued (YTD)

328

Residential Building Permits
Issued (YTD)

110

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops