The Central One Credit Union says the economic forecast for Kamloops is fairly rosy.

Deputy Chief Economist Brian Yu says in particular the Kamloops housing market will outpace its regional rivals in both Vernon and Kelowna.

“We are expecting to see Kamloops have a price growth this year of about 5%. A relatively flat environment going forward in 2019 and 2020 but that will be outpacing a slight decline in the Kelowna area.”

Yu says Kamloops will benefit from the lack of a speculation tax, which applies to some areas of the province including Kelowna and West Kelowna but not in the Tournament Capital.

He says last year was a strong year for the Thompson-Okanagan economy.