Employment


The number of people employed in the Thompson Okanagan Region decreased from 284,600 in September 2019 to 269,600 in September 2020. Simultaneously, the number of people in the labour force decreased from 298,100 in September 2019 to 296,400 in September 2020. Last month, employment rates were 57.9% in B.C. and 58.7% in Canada, while the Thompson Okanagan Region was 58.5%. The unemployment rate in the Thompson Okanagan Region remained at 9.0% September.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops


Airport Passenger Volumes


As expected, passenger numbers in Q3 continue to reflect the negative impacts of the COVID 19 pandemic on the airline, aviation and tourism industries in Kamloops. Passenger traffic is slowly recovering domestically with the increased services of WestJet Air Canada and Central Mountain Air However, as travel restrictions and quarantine requirements remain in effect for transborder, international and some interprovincial travelers, recovery for those sectors will be much slower.

Source: Kamloops Airport Authority

Real Estate


The British Columbia Real Estate Association (BCREA) reports in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential price in BC set a monthly record of $803,210, a 15.3 per cent increase from $696,647 recorded the previous year. Total sales dollar volume in August was $9.1 billion, an 88.3 per cent increase over 2019.

Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association

Housing Sales across the Province September 2020


Board Avg. Price ($) Unit Sales
Kamloops 493,597 332
Greater Vancouver 1,103,099 3,741
Fraser Valley 842,545 2,106
Victoria 840,653 940
Chilliwack 594,101 421
Okanagan Mainline 655,561 1,159
Vancouver Island 552,678 1,262
South Okanagan 533,618 304
Kootenay 395,804 441
BC Northern 346,958 570
Powell River 440,011 56
Northern Lights 253,903 36

Housing Construction


There were 127 new housing starts in Kamloops in September 2020, which was up from the 75 starts in September 2019. The 127 housing starts represented $24,518,632 in construction value, compared to $16,855,540 in construction value for the 75 housing starts in September of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In September 2020, the City of Kamloops issued 57 residential building permits valued at $25,051,750, an increase over total permits issued in September of the previous year at a value of $19,594,040. A total of 6 commercial building permits were issued in September 2020 with a value of $97,137,192 compared to the 8 permits issued in September 2019 with a value of $2,021,000.

Source: City of Kamloops

Business Licenses


Kamloops issued 75 new business license applications in September 2020 up from the 63 from the previous year.

477

Business Licenses
Issued (YTD)

376

Residential Building Permits
Issued (YTD)

90

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops