The real estate market in Kamloops and the surrounding areas experienced a noticeable rebound in February after a slow start to the year. According to the Interior Association of Realtors, 152 residential units were sold in the city, representing a slight decrease of 3.8% compared to February 2025, but a significant increase from the 90 units sold in January. Total sales reached $89.1 million, marking a year-over-year increase of 13.9%.
The number of active listings rose to 1,037 properties, up 3% from February 2025, with 370 new properties added to the market—an increase of 10.1%. Kadin Renfrew, president of the association, confirmed that the market is gradually recovering despite the slight decline in unit sales compared to last year, and he expects strong activity during the upcoming spring season.
Despite the modest drop in sales, local realtor Quinn Batch described buyer activity as strong, attributing it to favorable weather that encouraged people to search for properties. He also noted that some transactions are contingent on the sale of other homes, which delays their appearance in official statistics.
Batch pointed out a shift in buyer preferences toward detached homes instead of apartments and townhouses, citing factors such as parking availability and the desire to avoid shared fees.
The benchmark price for detached homes increased by 2.2% to $661,000, while townhouse prices declined by 3.7% to $483,600. Meanwhile, condominium prices saw a slight increase, reaching $370,700.
With rising inventory and greater flexibility for buyers, Batch indicated that it is now possible to negotiate discounts of up to $30,000. He added that since the beginning of the year, his team has managed to sell a home every 58 hours and expects a busy spring season in Kamloops in 2026, particularly as demand continues and new property listings create promising opportunities for buyers.
