The number of people employed in the Thompson Okanagan Region increased from 252,800 in December 2016 to 258,300 in December 2017. Simultaneously, the number of people in the labour force increased from 257,300 in December 2016 to 278,500 in December 2017. Last month, employment rates were 62.0% in B.C. and 61.8% in Canada, while the Thompson Okanagan Region was 58.2%. The unemployment rate in the Thompson Okanagan Region decreased from 7.6% in November to 7.3% in December.
Source: Statistics Canada LFS
Number of Postings by Occupation, in Kamloops for 2017
Airport Passenger Volumes
Airport passenger volumes increased slightly from 81,204 in December 2016 to 85,428 in December 2017.
Source: Kamloops Airport Authority
In December 2017, a total of 206 residential units were sold in Kamloops, up from the 138 total units in December of the previous year. New listings were up from 144 in December 2016 to the 237 in December 2017, and the total value of residential units sold increased to $80,982,300 (2017) from $53,933,149 (2016). The average home price in Kamloops was $435,500 in December compared to the BC average of $734,108 and the Canadian average of $496,500.
The actual (not seasonally adjusted) national average price for homes sold in December 2017 was just over $496,500, up 5.7% from one year earlier. 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 trims almost $116,000 from the national average price to just under $381,000.
Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association
There were 18 new housing starts in Kamloops in December 2017. This is in comparison to 9 starts in December 2016. The 18 housing starts represented $4,707,188 in construction value, compared to $3,764,573 in construction value for the 9 housing starts in December of the previous year.
Source: City of Kamloops; Statistics Canada
In December 2017, the City of Kamloops issued 25 residential building permits valued at $4,981,248 up from the 16 permits issued in December of the previous year at a value of $2,932,743. A total of 12 commercial building permits were issued in December 2017 with a value of $1,336,245 down from the 18 permits issued in December 2016 with a value of $4,330,700.
Source: City of Kamloops
Kamloops received 45 new business license applications in December 2017, up from 30 the previous year.
Business Licenses Issued (YTD)
Residential Building Permits Issued (YTD)
Commercial Building Permits Issued (YTD)
Source: City of Kamloops