Kamloops Real Estate Market: Q2 2025 Overview

The Kamloops real estate market continued its cautious trajectory into the second quarter of 2025. Lingering economic uncertainty, affordability pressures, and record-high unemployment levels have kept market activity subdued. Despite this, select housing types—particularly townhomes—showed signs of resilience.

 

📉 Market Snapshot

• Total Residential Sales: 714 (+2.5% YoY)
• Total Dollar Volume: $457.6 million (-1.3% YoY)
• Active Listings (June 2025): 1,498 (+4.0% YoY)
• New Listings (Q2 2025): 1,694 (+1.6% YoY)

 

🏡 Inventory & Buyer Trends

The spring market, typically one of the most active periods of the year, fell flat—excluding the pandemic era, this was the slowest Q2 since 2015. Inventory is building steadily, offering buyers more choice and reducing urgency.

Local buyers continue to dominate, gravitating toward properties with income potential like basement suites and competitively priced homes. Investors, however, remain largely sidelined due to high interest rates and policy challenges.

• First-time buyers and those without equity are struggling with affordability as prices continue to outpace income.
• Despite adjusting to higher interest rates, buyers remain cautious and are resisting overpaying in a growing inventory market.

 

🏘️ Property Type Performance

Single-Family Homes

• Sales: 382 (-3.3%)
• Benchmark Price: $682,200 (+4.6%)
• Avg. Days on Market: 44 (-12.0%)

Townhomes

• Sales: 101 (+21.7%)
• Benchmark Price: $536,800 (-0.6%)
• Avg. Days on Market: 59 (+37.2%)

Apartments/Condos

• Sales: 87 (-5.4%)
• Benchmark Price: $373,000 (-2.3%)
• Avg. Days on Market: 59 (+7.3%)

 

Townhomes are gaining popularity as a more affordable alternative to detached homes and a more livable option than smaller condos. However, rising construction costs could impact this segment moving forward.

 

🌍 Economic Context

• Unemployment: 9.2% (+ from 5.1% YoY) — the highest in B.C.
• Labour Force: Record 82,700 jobs in April 2025, but not keeping pace with population growth
• Business Confidence: Remains low, with 71% of B.C. small businesses adjusting spending and hiring plans
• Interest Rate Outlook: Uncertain—some banks expect further cuts, while others believe rates have bottomed

 

Kamloops continues to benefit from its economic base, but affordability issues and weak job growth are creating headwinds for the housing market. The rising jobless rate, driven by a growing labour force rather than layoffs, may prompt some residents to relocate, which could suppress future housing demand.

 

🔭 Looking Ahead

Kamloops enters the second half of 2025 with a balanced but cautious market. Buyers have more options and are becoming increasingly selective. Unless significant changes occur in employment or lending conditions, a major market shift is unlikely. For sellers, realistic pricing will be essential in converting interest into offers.

 

Are you currently interested in buying or selling? Contact Parker today and get started on your new adventure!