The number of people employed in the Thompson Okanagan Region decreased slightly from 252,500 in March 2017 to 242,900 in March 2018. Simultaneously, the number of people in the labour force decreased from 275,400 in March 2017 to 262,400 in March 2018. Last month, employment rates were 61.1% in B.C. and 60.7% in Canada, while the Thompson Okanagan Region was 54.6%. The unemployment rate in the Thompson Okanagan Region decreased from 7.5% in February to 7.4% in March.
Source: Statistics Canada LFS
Number of Postings by Occupation, in Kamloops 2017-2018
Airport Passenger Volumes
Airport passenger volumes increased slightly from 29,379 in March 2017 to 30,449 in March 2018.
Source: Kamloops Airport Authority
In March 2018, a total of 237 residential units were sold in Kamloops, up from the 306 total units in March of the previous year. New listings were down from 554 in March 2017 to the 463 in March 2018, and the total value of residential units sold decreased from $97,262,573 (2018) to $104,494,533 (2017). The average home price in Kamloops was $462,500 in March compared to the BC average of $729,930
The actual (not seasonally adjusted) national average price for homes sold in March 2018 was just over $491,000, down 10.4% from one year earlier.
The national average price is heavily skewed by sales in the GVA and GTA, two of Canada's most active and expensive markets. Excluding these two markets from calculations cuts almost $108,000 from the national average price, reducing it to $383,000 and trimming the y-o-y decline to just 2%.
Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association
There were 38 new housing starts in Kamloops in March 2018. This is in comparison to 33 starts in March 2017. The 38 housing starts represented $10,941,088 in construction value, compared to $9,256,773 in construction value for the 33 housing starts in March of the previous year.
Source: City of Kamloops; Statistics Canada
In March 2018, the City of Kamloops issued 52 residential building permits valued at $11,030,515 up from the 48 permits issued in March of the previous year at a value of $10,111,273. A total of 14 commercial building permits were issued in March 2018 with a value of $4,387,600 up from the 8 permits issued in March 2017 with a value of $1,182,500.
Source: City of Kamloops
Kamloops issued 52 new business license applications in March 2018, up from 48 the previous year.
Residential Building Permits
Commercial Building Permits
Source: City of Kamloops