Employment


The number of people employed in the Thompson Okanagan Region increased from 290,600 in August 2020 to 302,000 in August 2021. Simultaneously, the number of people in the labour force decreased from 322,900 in August 2020 to 319,300 in August 2021. Last month, participation rates were 66.3% in B.C. and 66.3% in Canada, while the Thompson Okanagan Region was 63.0%. The unemployment rate in the Thompson Okanagan Region increased decreased to 5.4% in August 2021 from 10.0% in August 2020.

Source: Statistics Canada LFS

Airport Passenger Volumes


Passenger numbers in Q2 continue to reflect the n egative impacts of the COVID 19 pandemic on the airline, aviation and tourism industries in Kamloops . Passenger numbers are slowly starting to recover domestically as provincial trav el re strictions ease and passenger s take advan tage of the increased frequencies and new services offered by WestJet , Air Can ada, Central Mountain Air a nd Pacific Coastal Airline s However, as travel restrictions and quarantine requirements remain in place for m uch of the country and limited relaxation of restrictions for transborder and international destinations , recovery to pre pandemic passenger level s will remain slow.

Source: Kamloops Airport Authority

Real Estate


The Kamloops and District Real Estate Association (KADREA) reports that a total of 280 residential unit sales were recorded by the Kamloops & District Multiple Listing Service® (MLS®) in August 2021. This is 21.3 per cent below the numbers that were recorded in August 2020, which was 365. The average MLS® residential price in the area was $574,425, up by approx. 26.1 per cent from $455,262 recorded in the same month last year. Total sales dollar volume in August stood at $160 million, a 0.7 per cent fall from 2020, which was $160.8 million. There were 378 new listings recorded by the Kamloops MLS® last month and there were 875 active listings in the Kamloops & district region, as of September 03, 2021.

Sources: Kamloops and District Real Estate Association

Housing Sales across the Province August 2021


Board Avg. Price ($) Unit Sales
Kamloops 558,291 294
Greater Vancouver 1,174,176 3,204
Fraser Valley 984,965 1,988
Victoria 875,711 804
Chilliwack 710,238 346
Vancouver Island 695,085 865
Kootenay 431,639 347
BC Northern 400,411 491
Powell River 517,788 33
South Peace River 334,759 63
Interior 702,095 1,072

Housing Construction


There were 14 new housing starts in Kamloops in August 2021, which was down from the 70 starts in August 2020. The 14 housing starts represented $4,194,000 in construction value, compared to $12,466,880 in construction value for the 70 housing starts in August of the previous year.

Source: City of Kamloops

Building Permits


In August 2021, the City of Kamloops issued 25 residential building permits valued at $4,586,000, an increase over total permits issued in August of the previous year at a value of $16,635,700. A total of 11 commercial building permits were issued in August 2021 with a value of $13,571,457 compared to the 10 permits issued in August 2020 with a value of $17,120,000.

Source: City of Kamloops

Business Licenses


Kamloops issued 58 new business license applications in August 2021 up from the 54 from the previous year.

651

Business Licenses
Issued (YTD)

368

Residential Building Permits
Issued (YTD)

68

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops