Kamloops Real Estate Market: Q1 2025 Overview

Kamloops’ real estate market is off to a cautious but steady start in 2025. Following a sluggish 2024, the first quarter of this year brought modest gains, though activity remains below the 10-year average.

📉 Market Snapshot

Total Residential Sales: 484 (↑2.1% YoY)
Total Dollar Volume: $284.4 million (↑2.3% YoY)
Average Price (March 2025): $589,000
Active Listings: 1,140 (↑7.2% YoY)
New Listings: 1,210 (↑5.0% YoY)

🏡 Inventory & Buyer Trends

Despite higher listing volumes and increased showing activity, many buyers remain hesitant, largely due to macroeconomic uncertainty. President Trump’s reintroduced tariffs and the upcoming Canadian election have both added to the hesitation, creating a “wait-and-see” sentiment across the market.

On the flip side, buyers are gaining some leverage:

Falling interest rates are making financing more affordable.
Increased inventory is expanding buyer choice and negotiation power.
However, investor demand has cooled. B.C.'s speculation taxes and potential federal capital gains tax changes are discouraging investment, especially with a volatile stock market shifting priorities.

🏘️ Property Type Performance

Single-Family Homes

• Sales: 205 (↓16.7%)
• Avg. Price: $667,800 (↑0.2%)
• Avg. Days on Market: 60 (↑5.4%)

Townhomes

• Sales: 74 (↑17.5%)
• Avg. Price: $507,700 (↓4.2%)
• Avg. Days on Market: 63 (↑21.1%)

Apartments/Condos

• Sales: 72 (↓2.7%)
• Avg. Price: $378,800 (↓0.3%)
• Avg. Days on Market: 82 (↑66.8%)

🌍 Economic Context

Kamloops ranks among the least vulnerable Canadian cities to U.S. tariffs (only 2.3% of GDP tied to exports).
Local stability is bolstered by two major mines and its strategic position as a transportation hub.
It remains one of the most affordable major cities in B.C., making it attractive for both buyers and potential newcomers.

🔭 Looking Ahead

The market is balanced but cautious. Fixed mortgage rates may decline further, depending on global economic developments. With more inventory and lingering pent-up demand, Kamloops could see a delayed spring uptick in activity—pending a return of buyer confidence.

Are you currently interested in buying or selling? Contact Parker today and get the process started!