The Kamloops and District real estate market experienced a noticeable rebound in February after a slower start to the year, with activity signaling a busy spring ahead.
According to the Association of Interior REALTORS®, 152 residential units were sold in Kamloops last month, a slight decline of 3.8% compared to February 2025, but up significantly from January’s 90 units. The total dollar volume of sales surged to $89.1 million, representing a 13.9% increase year-over-year, highlighting the value of the transactions even as unit sales remain slightly below last year’s level.
The market is also seeing growth in inventory and new listings. Active listings rose to 1,037, a 3% increase from February 2025, while 370 new listings were added, up 10.1% from the same month last year.
“Although we’re still just below last February’s activity levels, the Kamloops market is finding its footing after a slow start to the year,” said Kadin Rainville, President of the Association of Interior REALTORS®. “The shift in momentum is a positive sign as we move further into the spring market.”
High Buyer Activity Despite Modest Sales Numbers
Local Realtor Quinn Pache emphasized that while statistics show a slight dip in sales, buyer activity has been robust.
“January was slow according to the stats, but personally, we experienced an incredibly busy January and February,” said Local Realtor Quinn Pache. “Good weather with sunshine and no snow got buyers out looking. Even if unit sales appear lower, the activity we’re seeing predicts a very active spring ahead.”
Pache added that many transactions are contingent on other properties selling, meaning deals are often in a temporary limbo. “The numbers don’t always show what’s happening behind the scenes—there’s a lot of momentum building that isn’t captured in the stats yet.”
Shifts in What Buyers Are Looking For
The benchmark price for single-family homes in Kamloops rose 2.2% year-over-year to $661,000. Townhomes saw a benchmark price decline of 3.7% to $483,600, while condominiums increased slightly to $370,700, up 0.4% compared to last year.
“Buyers are shifting away from townhouses and condos and focusing more on single-family homes,” said Local Realtor Quinn Pache. “Options like parking, pets, and avoiding strata fees are big considerations. That savings each month allows buyers to afford more, which is why single-family homes are in higher demand.”
The increased inventory in townhouses and condos is giving buyers more leverage. “There are great opportunities for buyers right now—they can negotiate $10,000, $20,000, even $30,000 off the price and get into a property they may not have expected,” Pache added.
Optimism for the Spring Market
With interest rates around 4% and higher inventory, both experts predict a strong spring market for Kamloops.
“Since January 1st, our team has sold a house every 58 hours in Kamloops,” said Local Realtor Quinn Pache. “Even though the stats may suggest a slower start, there’s tremendous activity, and momentum is building. Spring 2026 is shaping up to be one of the busiest we’ve seen in the last two years.”
Rainville added, “Demand hasn’t disappeared. With more listings coming online, we may just be seeing a natural lag between renewed interest and finalized sales.”
