Employment


The number of people employed in the Thompson Okanagan Region increased from 294,900 in December 2020 to 301,900 in December 2021. Simultaneously, the number of people in the labour force decreased from 319,600 in December 2020 to 316,400 in December 2021. Last month, participation rates were 64.9% in B.C. and 61.9% in Canada, while the Thompson Okanagan Region was 65%. The unemployment rate in the Thompson Okanagan Region decreased from 7.7% in December 2020 to 4.6% in December 2021.

Source: Statistics Canada LFS

Airport Passenger Volumes


The signifigant increases experienced in Q4 can be attributed to the return of leisure and holiday travel., as well as the ad hoc air travel needs due to the closure of highways to the lower mainland in November and December. All of our airline partners increased their capacity in response to this increased demand.

Source: Kamloops Airport Authority

Real Estate


Kamloops, BC – 04-01-2022: The Kamloops and District Real Estate Association (KADREA) reports that a total of 152 residential unit sales were recorded by the Kamloops & District Multiple Listing Service® (MLS®) in December 2021. This is 34.7 per cent below the numbers that were recorded in December 2020, which was 233. The average MLS® residential price in the area was $663,774, up by approx. 33 per cent from $501,465 recorded in the same month last year. Total sales dollar volume in December stood at $100.8 million, a 13.6 per cent fall from 2020, which was $116.8 million. There were 113 new listings recorded by the Kamloops MLS® last month and there are 714 active listings in the Kamloops & district region, as of January 04, 2021.

Sources: Kamloops and District Real Estate Association

Housing Sales across the Province December 2021


Board Avg. Price ($) Unit Sales
Kamloops 631,657 159
Greater Vancouver 1,241,332 2,737
Fraser Valley 1,136,478 1,698
Victoria 1,023,241 419
Chilliwack 837,772 236
Vancouver Island 720,345 518
Kootenay 515,601 188
BC Northern 385,425 253
Powell River 561,582 28
South Peace River 323,862 21
Interior 740,572 614

Housing Construction


There were 21 new housing starts in Kamloops in December 2021, which was down from the 87 starts in December 2020. The 21 housing starts represented $6,272,000 in construction value, compared to $13,069,972 in construction value for the 87 housing starts in December of the previous year.

Source: City of Kamloops

Building Permits


In December 2021, the City of Kamloops issued 32 residential building permits valued at $7,116,400, a decrease in total permits issued in December of the previous year at a value of $14,007,761. A total of 11 commercial building permits were issued in December 2021 with a value of $23,869,150 compared to the 14 permits issued in December 2020 with a value of $3,775,139.

Source: City of Kamloops

Business Licenses


Kamloops issued 59 new business license applications in December 2021 up from the 42 from the previous year.

892

Business Licenses
Issued (YTD)

510

Residential Building Permits
Issued (YTD)

127

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops