Employment


The number of people employed in the Thompson Okanagan Region increased from 246,000 in April 2018 to 265,500 in April 2019. Simultaneously, the number of people in the labour force increased from 264,700 in April 2018 to 280,500 in April 2019. Last month, employment rates were 62.3% in B.C. and 61.2% in Canada, while the Thompson Okanagan Region was 58.9%. The unemployment rate in the Thompson Okanagan Region didn't change from 5.3% in March to 5.3% in April.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops 2018


Airport Passenger Volumes


Continued positive growth as we head into May/June “shoulder” season.

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 96 new housing starts in Kamloops in April 2019, which was down from the 162 starts in April 2018. The 96 housing starts represented $19,101,774 in construction value, compared to $19,843,440 in construction value for the 162 housing starts in April of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In April 2019, the City of Kamloops issued 62 residential building permits valued at $19,771,164 up from the 33 permits issued in April of the previous year at a value of $20,194,310. A total of 10 commercial building permits were issued in April 2019 with a value of $11,995,844 compared to the 11 permits issued in April 2018 with a value of $17,851,934.

Source: City of Kamloops

Business Licenses


Kamloops issued 57 new business license applications in April 2019, up from 52 the previous year.

238

Business Licenses
Issued (YTD)

141

Residential Building Permits
Issued (YTD)

47

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops