Within the Kamloops and District region, there were 113 residential unit sales recorded last month, up from the 87 recorded in December 2023 and identical to January 2023 sales numbers. There were 306 new listings recorded in January in the Kamloops and District region, which was a decrease of 6.7% compared to January 2023, yet up from December 2023’s 133 new listings.

Overall inventory, or active listings, saw an increase of 8.1% compared to January 2023, coming in at 797 listings. Active listings in the Kamloops area had stagnated, but there seems to be a slight uptick in listings since some of the fixed-term mortgage rates have come down to a more acceptable rate.

The benchmark price saw increases in all housing categories compared to January…

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Within the Kamloops and District region, there were 87 residential unit sales recorded for the month of December, down from the 153 recorded in November 2023 and down 6.5% from December 2022’s unit sales. There were 133 new listings in December in the Kamloops and District region, which was an increase of 19.8% compared to December 2022, and down from November 2023’s 273 new listings.

Overall inventory, or active listings saw an increase of 11.4% compared to December 2022, coming in at 740. Activity for December was still relatively consistent with past December's but it was at a slightly lower level. There was an increase in overall listings so that should help with sales numbers in the coming months.

The benchmark price saw increases in all…

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Within the Kamloops and District region, there were 153 residential unit sales recorded last month, down from the 175 recorded in October 2023 yet up 17.7% from November 2022’s unit sales. There were 273 new listings recorded in November in the Kamloops and District region, which was a decrease of 3.5% compared to the same month last year, and down from October 2023’s 357 new listings. 


Overall inventory, or active listings saw an increase of 8.6% compared to November 2022, coming in at 1,063. Listing voluume seems to still be lower than past averages but the increase in sales compared to last November is encouraging to see and may indicate that a return to average activity may be on coming. 

The benchmark price, a better representation of value…

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The province of BC has just introduced new legislation to reign in short term rentals. 

The introduced legislation to regulate the short-term rental market in British Columbia appears to be a significant step in addressing the challenges posed by the rapid expansion of short-term rentals. This initiative has important implications for both the real estate market and the broader housing situation in the province. This new legislation will have an impact on communities with a population greater than 10,000ppl or with certain designations like 'resort' or 'First Nations reserve land'. 

Let's break down the key points from the article and discuss their implications:

Housing Affordability

The article mentions that the legislation aims to make…

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On September 6th, the BOC decided to hold their interest rate steady at 5%.

Within the Kamloops and District region, there were 216 residential unit sales recorded last month, down from the 237 recorded in July 2023, yet up 17.4% from August 2022’s unit sales. This is to be expected as August is typically our slower summer month for activity.

There were 439 new listings recorded in July in the Kamloops and District region, which was an increase of 10.6% compared to the same month last year and slightly down from July 2023’s 450 new listings. Overall inventory, or active listings, saw a slight uptick of 5.8% compared to August 2022, coming in at 1,115.

For the 4th month in a row, Kamloops listing activity has outperformed last year's numbers…

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Kamloops sees a 4.6% decrease in benchmark single family homes prices. 

Within the Kamloops and District region, there were 237 residential unit sales recorded last month, down from the 280 recorded in June 2023, yet up from July 2022’s unit sales with a 15% increase. There were 450 new listings recorded in July in the Kamloops and District region, which was a decrease of 6.1% compared to the same month last year, and down from June 2023’s 489 new listings.

Overall inventory, or active listings, saw a modest increase of 1.7% for another consecutive month compared to July 2022, coming in at 1,075. The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes”, saw…

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Within the Kamloops and District region, there were 280 residential unit sales recorded last month, up from the 273 recorded in May 2023 and up from June 2022 with a 6.5% increase. There has been upwards sale momentum, just surpassing sales numbers for last year at this time. There were 489 new listings added in June in the Kamloops and District region, which was a decrease of 17.3% compared to the same month last year.

Overall inventory, or active listings, saw an increase of 1.7% increase compared to June 2022, coming in at 1,003. Inventory levels are still low relative to a few years ago.

The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes”, saw…

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Within the Kamloops and District region, there were 192 residential unit sales recorded last month, down from the 213 recorded in March 2023, with a 30.9% decrease compared to March 2022 sales. There were 413 new listings added in April in the Kamloops and District region, which was a decrease of 23.1% compared to the same time last year. Overall inventory, or active listings, saw an increase of 35.7% increase compared to April 2022, coming in at 923.

The volume of active/new listings is still low relative to past years. This is maintaining a high level of pressure on sales prices. The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes,” saw an increase in the…

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Listings are up marginally, but single-family benchmark sales prices are down 10.7%. Within the Kamloops and District region, there were 213 residential unit sales recorded last month, up from the 149 recorded in February 2023, yet down 36.8% compared to March 2022 sales. There were 391 new listings added in March in the Kamloops and District region, which was a decrease of 24.2% compared to the same time last year.

Overall inventory, or active listings, saw an increase of 76.2% increase compared to March 2022, coming in at 858 due to a decrease in overall sales for the month. Spring typically represents an uptick in listing activity and buyer activity, so I am expecting to see both sales and new listing numbers climb. The high interest rates are still…

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Within the Kamloops and District region, there were 149 residential unit sales recorded last month, up from the 104 recorded in January 2023, yet down 50.8% compared to unusually high February 2022 sales. There were 305 new listings added in February in the Kamloops and District region, which was a decrease of 16.2% compared to the same time last year.

Overall inventory, or active listings, saw an increase of 112% compared to February 2022, coming in at 793. “While there has been a gradual increase in inventory levels in the Kamloops area over the past few months, this growth is not sufficient to meet the demand for new listings required to achieve a balanced market,” says Cruickshank.

The benchmark price, a better representation of value…

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