Employment


The number of people employed in the Thompson Okanagan Region increased from 292,500 in September 2020 to 305,400 in September 2021. Simultaneously, the number of people in the labour force increased from 321,300 in September 2020 to 322,600 in September 2021. Last month, participation rates were 66.1% in B.C. and 66.0% in Canada, while the Thompson Okanagan Region was 63.5%. The unemployment rate in the Thompson Okanagan Region increased decreased to 5.4% in September 2021 from 9.0% in September 2020.

Source: Statistics Canada LFS

Airport Passenger Volumes


Although recovery continues to trend positive in Q 3 , year to date passenger numbers 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, Pacific Coastal and Central Mountain Air However, as international travel restrictions remain in effect and with new domestic vaccination requirements coming into effect, recovery across all sectors is expected to remain limited

Source: Kamloops Airport Authority

Real Estate


Kamloops, BC – 03-09-2021: 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 September 2021


Board Avg. Price ($) Unit Sales
Kamloops 550,284 305
Greater Vancouver 1,174,305 3,200
Fraser Valley 1,005,738 1,780
Victoria 889,515 736
Chilliwack 758,356 324
Vancouver Island 704,770 899
Kootenay 467,759 350
BC Northern 397,136 484
Powell River 576,103 35
South Peace River 269,968 39
Interior 725,911 1,012

Housing Construction


There were 94 new housing starts in Kamloops in September 2021, which was down from the 339 starts in September 2020. The 94 housing starts represented $13,316,373 in construction value, compared to $24,518,632 in construction value for the 339 housing starts in September of the previous year.

Source: City of Kamloops

Building Permits


In September 2021, the City of Kamloops issued 31 residential building permits valued at $13,810,573, a decrease in total permits issued in September of the previous year at a value of $25,051,750. A total of 34 commercial building permits were issued in September 2021 with a value of $8,559,241 compared to the 6 permits issued in September 2020 with a value of $222,802,054.

Source: City of Kamloops

Business Licenses


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

713

Business Licenses
Issued (YTD)

399

Residential Building Permits
Issued (YTD)

102

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops