The number of people employed in the Thompson Okanagan Region increased from 242,300 in April 2016 to 255,400 in April 2017. Simultaneously, the number of people in the labour force decreased from 265,100 in April 2016 to 257,600 in April 2017. Overall, the employment rate increased slightly from 57.5% in March to 58% in April. Last month, employment rates were 61% in B.C. and in Canada, while the Thompson Okanagan Region was 58%. The unemployment rate in the Thompson Okanagan Region increased from 8.3% in March to 8.6% in April.
Source: Statistics Canada LFS
Airport Passenger Volumes
April 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
In April 2017, a total of 349 residential units were sold in Kamloops, Down from the 353 total units in April of the previous year. New listings were down from 682 in April 2017 to the 513 in April 2016, and the total value of residential units sold increased from $115,168,591 (2016) to $126,902,750 (2017). The average home price in Kamloops was $427,500 in April compared to the BC average of $692,220 and the Canadian average of $559,317.
Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association
There were 32 new housing starts in Kamloops in April 2017. This is in comparison to 30 starts in April 2016. The 32 housing starts represented $8,969,900 in construction value, compared to $7,377,612 in construction value for the 30 housing starts in April of the previous year.
Source: City of Kamloops; Statistics Canada
In April 2017, the City of Kamloops issued 44 residential building permits valued at $10,109,900 up from the 53 permits issued in April of the previous year at a value of $8,213,097. A total of 10 commercial building permits were issued in April 2017 with a value of $588,750 down from the 8 permits issued in April 2016 with a value of $636,000.
Source: City of Kamloops
Kamloops received 54 new business license applications in April 2017, up from 32 the previous year.
Business Licenses Issued (YTD)
Residential Building Permits Issued (YTD)
Commercial Building Permits Issued (YTD)
Source: City of Kamloops