Kamloops bucking the B.C trend in home sales.
The British Columbia Real Estate Association reports across the province in August, there was a 26.4 per cent decrease from the same month last year.
Economist Brendan Ogmundson reports the Tournament Capital is doing better than the rest of the province.
“We’re down one and a half per cent, but when you compare that to places like Chilliwack which saw a more than 40 per cent downturn or the Fraser Valley that was down 40 per cent in units sold. Kamloops is coming out pretty well.”
Ogmundson says the downturn in housing demand, induced by the mortgage stress-test is now largely behind us.