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Kamloops Real Estate Market Strong, House median price up

June 6th, 2016 by Linda Klein

The city’s real-estate market shows no signs of slowing, with recent numbers indicating residential sales jumped by a third compared to the same month last year.

Statistics from the Kamloops & District Real Estate Association show sales in May were up 36 per cent over last year.

This comes at the same time as supply continues to shrink. The number of listings compared to 2015 is down 15 per cent.

Cyndi Crossley, vice-president of the real-estate board, said the market is being driven by out-of-town buyers.

“In Kamloops, we are seeing buyers coming from the Lower Mainland, and understandably so, due to the sale prices and our affordable housing,” she said.

The B.C. Real Estate Association cites positive employment growth for the trends.

“They say we could see the stats continue as they are for approximately the next eight to 12 months,” Crossley said.

The median price for a single-family home in Kamloops is $405,000. That is influenced in part by 20 homes selling for more than $600,000 in May.

B.C. and Kamloops real estate has limited inventory and lots of demand

June 3rd, 2016 by Linda Klein

New data this week confirms that residential real estate continues to boom in British Columbia.

The BC Real Estate Association’s second quarter housing forecast calls for a record 115,200 units to be sold in 2016 through the MLS, that’s up 12.3 per cent year-over-year to break the previous record set in 2005 (105,600).

Prices are set to surge again, up 20.4 per cent to an average MLS price of $766,600. The outlook for 2017 is for a more modest 3.4 per cent increase.

“Record housing demand has depleted inventories in many urban areas, and the resulting imbalance between supply and demand has pushed home prices considerably higher,” commented Cameron Muir, BCREA Chief Economist.

Inventory will be helped by increased construction with BCREA predicting a 20 per cent rise in new housing starts this year.


May 16th, 2016 by Linda Klein

April was another record-breaking month for home sales in British Columbia. There were 12,969 sales through the MLS of BCREA last month, beating March’s 12,560; and up 30.3 per cent from April 2015.

“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA Chief Economist. “Consumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson/Okanagan regions.”

The average MLS price was up 17.2 per cent year-over-year to $743,640 and the total value of all home sales surged 52.7 per cent to $9.64 billion.

Kamloops REAL ESTATE Market very Active

May 4th, 2016 by Linda Klein

The city’s real-estate market continues on a roll as booming sales and declining inventories threaten to push prices higher.

The Kamloops & District Real Estate Association reported yesterday that 320 homes changed hands in the greater region, up 40 per cent from April 2015.

The number of units sold year-to-date is up by about 28 per cent.

The number of residential units on the market increased slightly from the month before. At about 1,800 units, however, it is 14 per cent lower than the same month last year.

The combination of rising sales and declining supply typically sees upward pressure on prices.

The median price of a single-family home in the city of Kamloops sold in April was $385,000.

If your buying or selling, I’m here to help

March 2016 Real Estate Statistics Solds up 29% over February

April 6th, 2016 by Linda Klein

Comparing March 2016 to February 2016


Comparative Statistics for Kamloops (Residential Only)




February 2016
Number of New Listings 520 422 23.22% UP
Residential Units Sold 256 197 29.95% UP
Avg. Days on Market 70 84 16.67% DOWN
List to Sell Price Ratio 97.54% 97.43% 0.11% UP
Median Residential Price $368,000 $378,000 2.65% DOWN
Total Monthly Sales $$ $86,693,738 $65,085,608 33.20% UP
Active Listings 1675 1560 7.40% UP




*The above information is from sources deemed reliable but it should not be relied upon without independent verification.

Fraser Institute ranks Kamloops Elementary and Senior Secondary Schools

April 6th, 2016 by Linda Klein

Elementary Schools

1.  St Ann’s ranked highest at 9.4

2.  Our Lady of Perpetual Help at 7.7

3.  Lloyd George at 7.4

4.  Juniper Ridge at 7.4

5.  Aberdeen at 7.0


Secondary Schools

1.  St Ann’s ranked  highest at 7.8

2.  Beattie School of the Arts at 6.0

3. South Kamloops at 5.9

4.  Sahali at 5.5

5.  Valleyview at 5.5

Kamloops a great place to live and move to.

February 28th, 2016 by Linda Klein

Kamloops Named 7th Top Growing City in Canada by U-Haul

Kamloops Named 7th Top Growing City in Canada by U-Haul

Canada’s Tournament Capital is also one of the top growing cities in the country, according to U-Haul.

The moving and storage company has been ranking Canada’s top growing cities, revealing them daily until March 4th.

Kamloops comes in at number seven on the list.

Why move here:

Sunniest City in Canada

Affordable cost of living

Lots of outdoor activities

Excellent transportation and highways in all directions

“Kamloops is a very beautiful, affordable place to live,” said Horace Martin, U-Haul Company of British Columbia President. “It has Riverside Park, a world-class ski resort, and the right mix of big city/small town feel. It’s billed as the Tournament Capital of Canada. There’s no shortage of activities in one of the sunniest cities of Canada.”

For this particular list, growth is determined by the number of incoming one-way U-Haul truck rentals versus outdoing rentals.

According to U-Haul, 53.2 per cent of truck rentals were coming into Kamloops rather than leaving.

Property Transfer Tax and the new BC budget

February 18th, 2016 by Linda Klein

There are no changes to the first time home buyer exemption limits;

All buyers (whether first time buyers or not) no longer pay PTT on purchases of newly-built homes up to $750,000 in value; note the buyer must be a Canadian citizen or a permanent resident; there is a partial exemption for homes between $750,000.00 and $800,000.00; The newly built home exemption will only apply to people who actually occupy the home as their principle residence for a year after purchase. (relatives do not qualify)

PTT has changed so that there is now a 3% tax on amounts over $2,000,000.00. The 3% tax is only paid on the amount over $2,000,000.00, not the full price.


The existing first time home buyers program for re-sale homes remains unchanged. The threshold remains $475,000 with a partial exemption for homes between $475,000 and $500,000


Thrifty secrets for home sellers

February 3rd, 2016 by Linda Klein

Thrifty secrets for home sellers

linda,When preparing your home for market, tackle improvements that will help you obtain the best price and sell within the shortest amount of time. These inexpensive projects can go a long way:

  1. Clean and clear. Declutter top to bottom and store the excess offsite. Clean thoroughly, clear cupboards and countertops and keep décor items to a tasteful few.
  2. Tear up dingy broadloom. Replace it with a choice of cost-effective, neutral flooring options. Or if you like what you see underneath, have it professionally refinished.
  3. Paint it. Opt for neutral colours, in matte or eggshell finishes to camouflage flaws. Finish trim in satin, semi- or high-gloss.

Put my expertise to work for you! Ask me about preparing your home for optimal resale value.

Linda Klein
250 374 1461 (Office)

Royal LePage Westwin Realty- Kamloops

All offices are independently owned and operated, except those marked as indicated at Not intended to solicit currently listed properties or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information.
This email was sent by Linda Klein of Royal LePage Westwin Realty- Kamloops
800 SEYMOUR Kamloops, BC, V2C2H5
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The most expensive City is Vancouver

January 26th, 2016 by Linda Klein

Home Costs 2015we are only 3 hours away but so much more affordable, Kamloops a great place to call home.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Kamloops Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.