February 2017 Activity
Kamloops only Median Residential Price: (does not include condominiums or mobiles) $397,500
Most active price range
$320,000 – 359,999 29 sales
$360,000 – 399,999 22 sales
$400,000 – 439,999 17 sales
Most active area
Aberdeen 21 sales
South Kamloops 18 sales
Sahali 17 sales
Brock 16 sales
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February is a perfect time of year to indulge in home comforts like cooking big-batch meals, reading in the afternoon and playing a board game or watching a movie with the kids in the evening. If you are considering putting your home on the market this year, it’s a good idea to start the process now. Set a timetable, make a list of home projects that need to get done to help your home show well. I’m here to help, call me if you have any questions and let’s get your house Sold
Indulge in weekly fresh flowers. With Valentine’s Day this month, the markets will be filled with fresh flowers , not just red roses but tulips and daffodils. Treat your home to a bouquet of fresh-cut blooms once a week to add a little colour — spring may still be a little way off, but that doesn’t mean your coffee or dining table can’t look like a spring garden in bloom!
The city’s real-estate market shows no signs of slowing, with recent numbers indicating residential sales jumped by a third compared to the same month last year.
Statistics from the Kamloops & District Real Estate Association show sales in May were up 36 per cent over last year.
This comes at the same time as supply continues to shrink. The number of listings compared to 2015 is down 15 per cent.
Cyndi Crossley, vice-president of the real-estate board, said the market is being driven by out-of-town buyers.
“In Kamloops, we are seeing buyers coming from the Lower Mainland, and understandably so, due to the sale prices and our affordable housing,” she said.
The B.C. Real Estate Association cites positive employment growth for the trends.
“They say we could see the stats continue as they are for approximately the next eight to 12 months,” Crossley said.
The median price for a single-family home in Kamloops is $405,000. That is influenced in part by 20 homes selling for more than $600,000 in May.
April was another record-breaking month for home sales in British Columbia. There were 12,969 sales through the MLS of BCREA last month, beating March’s 12,560; and up 30.3 per cent from April 2015.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA Chief Economist. “Consumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson/Okanagan regions.”
The average MLS price was up 17.2 per cent year-over-year to $743,640 and the total value of all home sales surged 52.7 per cent to $9.64 billion.
Comparing March 2016 to February 2016
Comparative Statistics for Kamloops (Residential Only)
| March
2016 |
February 2016 | ||
| Number of New Listings | 520 | 422 | 23.22% UP |
| Residential Units Sold | 256 | 197 | 29.95% UP |
| Avg. Days on Market | 70 | 84 | 16.67% DOWN |
| List to Sell Price Ratio | 97.54% | 97.43% | 0.11% UP |
| Median Residential Price | $368,000 | $378,000 | 2.65% DOWN |
| Total Monthly Sales $$ | $86,693,738 | $65,085,608 | 33.20% UP |
| Active Listings | 1675 | 1560 | 7.40% UP |
*The above information is from sources deemed reliable but it should not be relied upon without independent verification.
Elementary Schools
1. St Ann’s ranked highest at 9.4
2. Our Lady of Perpetual Help at 7.7
3. Lloyd George at 7.4
4. Juniper Ridge at 7.4
5. Aberdeen at 7.0
Secondary Schools
1. St Ann’s ranked highest at 7.8
2. Beattie School of the Arts at 6.0
3. South Kamloops at 5.9
4. Sahali at 5.5
5. Valleyview at 5.5
Kamloops Named 7th Top Growing City in Canada by U-Haul
Kamloops Named 7th Top Growing City in Canada by U-Haul
Canada’s Tournament Capital is also one of the top growing cities in the country, according to U-Haul.
The moving and storage company has been ranking Canada’s top growing cities, revealing them daily until March 4th.
Kamloops comes in at number seven on the list.
Why move here:
Sunniest City in Canada
Affordable cost of living
Lots of outdoor activities
Excellent transportation and highways in all directions
“Kamloops is a very beautiful, affordable place to live,” said Horace Martin, U-Haul Company of British Columbia President. “It has Riverside Park, a world-class ski resort, and the right mix of big city/small town feel. It’s billed as the Tournament Capital of Canada. There’s no shortage of activities in one of the sunniest cities of Canada.”
For this particular list, growth is determined by the number of incoming one-way U-Haul truck rentals versus outdoing rentals.
According to U-Haul, 53.2 per cent of truck rentals were coming into Kamloops rather than leaving.
There are no changes to the first time home buyer exemption limits;
All buyers (whether first time buyers or not) no longer pay PTT on purchases of newly-built homes up to $750,000 in value; note the buyer must be a Canadian citizen or a permanent resident; there is a partial exemption for homes between $750,000.00 and $800,000.00; The newly built home exemption will only apply to people who actually occupy the home as their principle residence for a year after purchase. (relatives do not qualify)
PTT has changed so that there is now a 3% tax on amounts over $2,000,000.00. The 3% tax is only paid on the amount over $2,000,000.00, not the full price.
The existing first time home buyers program for re-sale homes remains unchanged. The threshold remains $475,000 with a partial exemption for homes between $475,000 and $500,000
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This email was sent by Linda Klein of Royal LePage Westwin Realty- Kamloops
800 SEYMOUR Kamloops, BC, V2C2H5 |
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| The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Kamloops Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. |
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