Employment


The number of people employed in the Thompson Okanagan Region increased from 245,100 in May 2016 to 258,100 in May 2017. Simultaneously, the number of people in the labour force increased from 265,900 in May 2016 to 276,100 in May 2017. Last month, employment rates were 61.8% in B.C. and 62.7% in Canada, while the Thompson Okanagan Region was 65.6%. The unemployment rate in the Thompson Okanagan Region decreased from 7.3% in April to 6.5% in May.

Source: Statistics Canada LFS

Airport Passenger Volumes


May saw a leveling in the number of travelers from year to year as the ski market remains strong for Sun Peaks and the North Thompson valley. The year to date numbers reflect a decline over the first 2 months of the year due to a drop-off in the number of commuting workers between Kamloops and Northern Alberta.

Source: Kamloops Airport Authority

Real Estate


In May 2017, a total of 415 residential units were sold in Kamloops, up from the 385 total units in May of the previous year. New listings were up from 690 in May 2017 to the 659 in May 2016, and the total value of residential units sold increased from $132,453,782 (2016) to $149,606,526 (2017). The average home price in Kamloops was $437,900 in May compared to the BC average of $752,536 and the Canadian average of $530,304.

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

Housing Construction


There were 54 new housing starts in Kamloops in May 2017. This is in comparison to 33 starts in May 2016. The 54 housing starts represented $15,710,605 in construction value, compared to $8,096,833 in construction value for the 33 housing starts in May of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In May 2017, the City of Kamloops issued 75 residential building permits valued at $16,633,657 up from the 57 permits issued in May of the previous year at a value of $8,907,098. A total of 13 commercial building permits were issued in May 2017 with a value of $2,081,364 up from the 3 permits issued in May 2016 with a value of $124,000.

Source: City of Kamloops

Business Licenses


Kamloops received 75 new business license applications in May 2017, up from 66 the previous year.

314

Business Licenses Issued (YTD)

204

Residential Building Permits Issued (YTD)

51

Commercial Building Permits Issued (YTD)

 

Source: City of Kamloops