Employment


The number of people employed in the Thompson Okanagan Region increased from 250,200 in May 2018 to 269,100 in May 2019. Simultaneously, the number of people in the labour force increased from 268,400 in May 2018 to 284,600 in May 2019. Last month, employment rates were 62.8% in B.C. and 61.8% in Canada, while the Thompson Okanagan Region was 59.6%. The unemployment rate in the Thompson Okanagan Region increased slightly from 5.3% in April to 5.4% in May.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops 2018


Airport Passenger Volumes


This is the 13th consecutive month of strong growth and is the first month with the revised carrier frequencies and conversion to an all Q-400 fleet for AC Express and WJ.

Source: Kamloops Airport Authority

Real Estate


The actual (not seasonally adjusted) Aggregate Composite MLS® Home Price Index (MLS® HPI) edged down by -0.6% y-o-y in May 2019. While small, it was nonetheless the largest decline in almost a decade.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada's most active and expensive housing markets. Excluding these two markets from calculations cuts almost $111,000 from the national average price, trimming it to just under $397,000.

“BC home sales increased 9 per cent in May compared to April, on a seasonally adjusted basis,” said BCREA Chief Economist Cameron Muir.

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

Housing Construction


There were 94 new housing starts in Kamloops in May 2019, which was up from the 36 starts in May 2018. The 94 housing starts represented $20,748724 in construction value, compared to $9,687,736 in construction value for the 36 housing starts in May of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In May 2019, the City of Kamloops issued 70 residential building permits valued at $21,478,904 up from the 54 permits issued in May of the previous year at a value of $10,503,886. A total of 18 commercial building permits were issued in May 2019 with a value of $9,741,000 compared to the 8 permits issued in May 2018 with a value of $1,711,350.

Source: City of Kamloops

Business Licenses


Kamloops issued 64 new business license applications in May 2019, up from 56 the previous year.

302

Business Licenses
Issued (YTD)

211

Residential Building Permits
Issued (YTD)

65

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops