The number of people employed in the Thompson Okanagan Region increased from 250,500 in September 2016 to 266,300 in September 2017. Simultaneously, the number of people in the labour force increased from 268,600 in September 2016 to 286,800 in September 2017. Last month, employment rates were 62.6% in B.C. and 62.2% in Canada, while the Thompson Okanagan Region was 60.2%. The unemployment rate in the Thompson Okanagan Region increased from 6.4% in August to 7.1% in September.
Source: Statistics Canada LFS
Number of Postings by Occupation, in Kamloops for 2017
Airport Passenger Volumes
September traveler numbers were down significantly as a result of cancelled flights due to obscuring smoke from nearby wildfires.
Source: Kamloops Airport Authority
In September 2017, a total of 339 residential units were sold in Kamloops, up from the 311 total units in September of the previous year. New listings were up from 403 in September 2016 to the 432 in September 2017, and the total value of residential units sold increased to $125,198,527 (2017) from $109,359,307 (2016). The average home price in Kamloops was $445,000 in September compared to the BC average of $705,501 and the Canadian average of $374,500.
The actual (not seasonally adjusted) national average price for homes sold in September 2017 was just over $487,000, up almost 3% from one year ago. The national average price is heavily skewed by sales in Greater Vancouver and Greater Toronto, two of Canada's most active and expensive markets. Excluding these two markets from calculations trims more than $110,000 from the national average price (to just above $374,500).
Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association
There were 41 new housing starts in Kamloops in September 2017. This is in comparison to 25 starts in September 2016. The 41 housing starts represented $16,174,493 in construction value, compared to $9,763,538 in construction value for the 25 housing starts in September of the previous year.
Source: City of Kamloops; Statistics Canada
In September 2017, the City of Kamloops issued 67 residential building permits valued at $17,169,188 up from the 45 permits issued in September of the previous year at a value of $9,967,638. A total of 11 commercial building permits were issued in September 2017 with a value of $1,103,500 up from the 8 permits issued in September 2016 with a value of $3,391,523.
Source: City of Kamloops
Kamloops received 49 new business license applications in September 2017, down from 65 the previous year.
Business Licenses Issued (YTD)
Residential Building Permits Issued (YTD)
Commercial Building Permits Issued (YTD)
Source: City of Kamloops