The number of people employed in the Thompson Okanagan Region decreased from 261,700 in June 2017 to 256,200 in June 2018. Simultaneously, the number of people in the labour force decreased from 277,600 in June 2017 to 274,300 in June 2018. Last month, employment rates were 61.7% in B.C. and 61.9% in Canada, while the Thompson Okanagan Region was 57.4%. The unemployment rate in the Thompson Okanagan Region decreased from 6.8% in May to 5.9% in June.
Source: Statistics Canada LFS
Number of Postings by Occupation, in Kamloops 2017-2018
Airport Passenger Volumes
Passenger numbers continue to reflect positive growth with the highest second quarter ever for Kamloops Airport, as well as the best May and June on record.
Source: Kamloops Airport Authority
In June 2018, a total of 365 residential units were sold in Kamloops, down from the 412 total units in June of the previous year. New listings were up from 609 in June 2017 to the 547 in June 2018, and the total value of residential units sold increased from $148,228,346 (2017) to $135,811,264 (2018). The average home price in Kamloops was $462,500 in May compared to the BC average of 716,326.
The actual (not seasonally adjusted) national average price for homes sold in June 2018 was just under $496,000, down 1.3% from one year earlier. While this marked the fifth month in a row in which the national average price was down on a y-o-y basis, it was the smallest decline among them.
The national average price is heavily skewed by sales in the Greater Vancouver and GTA, two of Canada's most active and expensive markets. Excluding these two markets from calculations cuts almost $107,000 from the national average price, trimming it to just over $389,000.
Sources: Kamloops and District Real Estate Association, BC Real Estate Association, and Canadian Real Estate Association
There were 113 new housing starts in Kamloops in June 2018. This is in comparison to 43 starts in June 2017. The 113 housing starts represented $20,926,935 in construction value, compared to $6,997,535 in construction value for the 24 housing starts in June of the previous year.
Source: City of Kamloops; Statistics Canada
In June 2018, the City of Kamloops issued 36 residential building permits valued at $21,531,055 down from the 43 permits issued in June of the previous year at a value of $7,742,615. A total of 5 commercial building permits were issued in June 2018 with a value of $1,270,000 down from the 12 permits issued in June 2017 with a value of $5,279,282.
Source: City of Kamloops
Kamloops issued 52 new business license applications in June 2018, up from 42 the previous year.
Residential Building Permits
Commercial Building Permits
Source: City of Kamloops