Welcome To The Kamloops Real Estate Blog

The Kamloops Real Estate Blog is updated regularly and provides a wealth of information for the real estate market in Kamloops, BC, Canada and the surrounding communities.

Kamloops homes, condos & townhouses for sale. Kamloops and surrounding area MLS® real estate listings search including foreclosures.

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Kamloops neighbourhood information including Aberdeen, Batchelor, Brocklehurst, Barnhartvale, Campbell CreekDallasDufferinJuniper, North & South Kamloops, Paul Lake, Pinantan, Pineview, Rayleigh, Sahali, Sun Peaks, Sun Rivers, TobianoValleyview, Westmount & Westsyde.

Kamloops surrounding communities real estate information including BarriereEast Barriere Lake, Heffley and Knouff (Sullivan Lake), KnutsfordLogan Lake, McLure & North Barriere Lake.

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Buying or selling Real Estate? Realtor Kirsten Mason is one of the top selling agents in Kamloops and a dedicated full time professional.

BCREA Housing Market Update for November 2020

BCREA has released it’s latest Housing Market Update for November 2020. BC Real Estate Association’s Chief Economist Brendon Ogmundson discusses the October 2020 statistics.

Home sales in BC hit a monthly record and it was the 4th consecutive month with over 10,000 sales in the province. Supply of homes are still trending lower across BC, total active listings are down 14%. BC is solidly in Sellers Market territory. When this happens it often results in acceleration of prices to the upside. Buyers have preferred properties with more space causing the average price to increase 12.5% year over year to $812,000 due to more single family home sales.

In Kamloops, there were 337 unit sales for October 2020 which is a 23.4% change year over year. The average price also increased 11.4% to $466,113. The number of active listings for October was 1,173 which is a 5.5% increase over the year before. There is 3.5 months worth of inventory.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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New Listing: 1121 Sherbrooke Ave, North Kamloops, BC, $489,000

1121 Sherbrooke Ave, North Kamloops, Real Estate Sold

New Listing: 1121 Sherbrooke Ave, North Kamloops, BC, $489,000.  Nicely updated North Kamloops home with stunning back yard space featuring large covered deck, raised garden beds and very private.

This home includes 2 large main floor bedrooms and a 4 piece main bathroom. The hardwood flooring has been refinished throughout the main floor. There is a nicely updated kitchen with bonus pantry storage. Walk out to the back covered patio off the kitchen and living room space.

The basement level has suite potential with separate entry, 3 piece bathroom, a family room and bedroom. Great home for investor, first time buyer or downsize.

Click Here to view more photos of this home.

To view all homes for sale in Kamloops click here.

To view more about the neighborhood click here.

“The Unusual World of Pandemic Economics”: Why BC’s Housing Market Remains Strong Despite COVID-19, BCREA

Vancouver, BC – Septemeber 9, 2020. The British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent housing market highs.

“The COVID-19 recession has battered many sectors of the BC economy. However, looking at recent data in the housing market, it would be difficult to tell there was a recession at all,” says BCREA Chief Economist Brendon Ogmundson. “In a typical recession, we would see falling demand and rising supply, but this recession is anything but typical.”

Previous BCREA forecasts anticipated housing prices would return to the pre-COVID-19 baseline in early 2021. However, a surge of pent-up demand into an undersupplied market has prices at pre-COVID-19 levels well ahead of schedule.

“Pandemic economics are proving to be very unusual. Many of the trends we are seeing are without precedent and significant uncertainty remains, but we are cautiously optimistic that this housing recovery will continue,” notes Ogmundson.

To read the full report, click here. For the PDF of this news release click here.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

To search for Kamloops real estate and homes for sale click here.

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