Employment


The number of people employed in the Thompson Okanagan Region increased from 250,800 in January 2018 to 260,500 in January 2019. Simultaneously, the number of people in the labour force increased from 270,300 in January 2018 to 274,400 in January 2019. Last month, employment rates were 62.1% in B.C. and 61.4% in Canada, while the Thompson Okanagan Region was 58.0%. The unemployment rate in the Thompson Okanagan Region increased from 4.7% in December to 5.0% in January.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops 2018


Airport Passenger Volumes


Kamloops Airport had a great start to 2019 with 35,525 passengers, surpassing the 32,963 passengers in January 2018.

Source: Kamloops Airport Authority

Real Estate


A total of 175 MLS® residential unit sales were recorded across the province in January, down from 182 in January 2018. The average MLS® residential price in the province was $665,590, a decline of 7.7 per cent from January 2018.

The actual (not seasonally adjusted) national average price for homes sold in January 2019 was just under $455,000, down 5.5% from the same month in 2018 and marking the biggest year-over-year decline since May 2018.

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

Housing Construction


There were 10 new housing starts in Kamloops in January 2019. This is in comparison to 26 starts in January 2018. The 10 housing starts represented $2,682,317 in construction value, compared to $5,095,986 in construction value for the 26 housing starts in January of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In January 2019, the City of Kamloops issued 21 residential building permits valued at $2,894,077 down from the 38 permits issued in January of the previous year at a value of $5,936,916. A total of 14 commercial building permits were issued in January 2019 with a value of $5,621,700 compared to the 13 permits issued in January 2018 with a value of $8,184,749.

Source: City of Kamloops

Business Licenses


Kamloops issued 69 new business license applications in January 2019, down from 73 the previous year.

69

Business Licenses
Issued (YTD)

21

Residential Building Permits
Issued (YTD)

14

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops