Employment


The number of people employed in the Thompson Okanagan Region increased from 244,600 in February 2018 to 261,800 in February 2019. Simultaneously, the number of people in the labour force increased from 264,500 in February 2018 to 274,700 in February 2019. Last month, employment rates were 62.0% in B.C. and 61.2% in Canada, while the Thompson Okanagan Region was 58.2%. The unemployment rate in the Thompson Okanagan Region decreased from 5.0% in January to 4.7% in February.

Source: Statistics Canada LFS

Number of Postings by Occupation, in Kamloops 2018


Airport Passenger Volumes


Continued strong growth last month and out best February to date.

Source: Kamloops Airport Authority

Real Estate


The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year.

The actual (not seasonally adjusted) national average price for homes sold in February 2019 was $468,350, down 5.2% from the same month in 2018.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada's most active and expensive markets. Excluding these two markets from calculations cuts close to $100,000 from the national average price, trimming it to just under $371,000.

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

Housing Construction


There were 20 new housing starts in Kamloops in February 2019, which was up from the 10 starts in February 2018. The 20 housing starts represented $5,165,198 in construction value, compared to $2,745,071 in construction value for the 10 housing starts in February of the previous year.

Source: City of Kamloops; Statistics Canada

Building Permits


In February 2019, the City of Kamloops issued 22 residential building permits valued at $5,288,818 down from the 22 permits issued in February of the previous year at a value of $3,555,166. A total of 11 commercial building permits were issued in February 2019 with a value of $907,400 compared to the 6 permits issued in February 2018 with a value of $3,164,720.

Source: City of Kamloops

Business Licenses


Kamloops issued 63 new business license applications in February 2019, up from 56 the previous year.

132

Business Licenses
Issued (YTD)

43

Residential Building Permits
Issued (YTD)

25

Commercial Building Permits
Issued (YTD)

 

Source: City of Kamloops