Employment


The number of people employed in the Thompson Okanagan Region increased from 251,300 in June 2016 to 261,700 in June 2017. Simultaneously, the number of people in the labour force increased from 270,100 in June 2016 to 277,600 in June 2017. Last month, employment rates were 62.5% in B.C. and 61.5% in Canada, while the Thompson Okanagan Region was 59.3%. The unemployment rate in the Thompson Okanagan Region decreased from 6.5% in May to 5.7% in June.

Source: Statistics Canada LFS

Airport Passenger Volumes


June saw a leveling in the number of travelers from year to year as the ski market remains strong for Sun Peaks and the North Thompson valley. The year to date numbers reflect a decline over the first 2 months of the year due to a drop-off in the number of commuting workers between Kamloops and Northern Alberta.

Source: Kamloops Airport Authority

Real Estate


In June 2017, a total of 417 residential units were sold in Kamloops, up from the 375 total units in June of the previous year. New listings were down from 609 in June 2017 to the 666 in June 2016, and the total value of residential units sold decreased from $21,955,170 (2016) to $6,997,535 (2017). The average home price in Kamloops was $430,000 in June compared to the BC average of $571,837 and the Canadian average of $504,458.

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

Housing Construction


There were 24 new housing starts in Kamloops in June 2017. This is in comparison to 106 starts in June 2016. The 24 housing starts represented $6,997,535 in construction value, compared to $21,955,170 in construction value for the 106 housing starts in June of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In June 2017, the City of Kamloops issued 43 residential building permits valued at $7,742,615 up from the 57 permits issued in June of the previous year at a value of $22,723,613. A total of 12 commercial building permits were issued in June 2017 with a value of $5,279,282 up from the 14 permits issued in June 2016 with a value of $1,061,554.

Source: City of Kamloops

Business Licenses


Kamloops received 75 new business license applications in June 2017, up from 66 the previous year.

356

Business Licenses Issued (YTD)

247

Residential Building Permits Issued (YTD)

63

Commercial Building Permits Issued (YTD)

 

Source: City of Kamloops