The number of people employed in the Thompson Okanagan Region decreased from 266,300 in September 2017 to 260,800 in September 2018. Simultaneously, the number of people in the labour force decreased from 286,800 in September 2017 to 277,100 in September 2018. Last month, employment rates were 62.2% in B.C. and 62.1% in Canada, while the Thompson Okanagan Region was 58.2%. The unemployment rate in the Thompson Okanagan Region decreased from 6.1% in August to 5.9% in September.
Source: Statistics Canada LFS
Number of Postings by Occupation, in Kamloops 2017-2018
Airport Passenger Volumes
Passenger numbers continue to reflect positive growth with the highest second quarter ever for Kamloops Airport, as well as the best May and June on record.
Source: Kamloops Airport Authority
In September 2018, a total of 250 residential units were sold in Kamloops, down from the 338 total units in September of the previous year. New listings were down from the 432 in September 2017 to the 424 in September 2018, and the total value of residential units sold increased from $124,232,227 (2017) to $101,643,950 (2018). The average home price in Kamloops was $484,900 in September compared to the BC average of $716,096 and national average of $487,000.
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 close to $104,000 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
There were 24 new housing starts in Kamloops in September 2018. This is in comparison to 41 starts in September 2017. The 24 housing starts represented $8,966,454 in construction value, compared to $16,174,493in construction value for the 41 housing starts in September of the previous year.
Source: City of Kamloops; Statistics Canada
In September 2018, the City of Kamloops issued 32 residential building permits valued at $9,199,954 down from the 67 permits issued in September of the previous year at a value of $17,169,188. A total of 8 commercial building permits were issued in September 2018 with a value of $6,267,669 compared to the 11 permits issued in September 2017 with a value of $1,103,500.
Source: City of Kamloops
Kamloops issued 35 new business license applications in August 2018, down from 53 the previous year.
Residential Building Permits
Commercial Building Permits
Source: City of Kamloops