Kamloops is the largest city in BC's Interior, with a population of approximately 100,000. Located at the confluence of the North and South Thompson Rivers, Kamloops serves as a regional hub for healthcare, education, retail, and government services. Its real estate market is more affordable than the Okanagan proper, and it attracts buyers seeking Interior BC lifestyle without Kelowna's price premium.
Sun Peaks Resort, 45 minutes north, adds a recreational dimension to Kamloops real estate. Thompson Rivers University (TRU) drives rental demand and has fuelled condo development near the campus.
Kamloops is notably more affordable than Kelowna, offering larger lots and newer builds at lower prices. This gap continues to attract buyers from the Lower Mainland and Alberta.
A master-planned community on the south side of Kamloops, Aberdeen features newer homes, townhouses, and a busy commercial strip. Detached homes range from $650K to $900K. Popular with families for its schools and amenities.
One of Kamloops' most established neighbourhoods, Sahali sits on the south hills with views over the city. Mix of established homes and infill development. Detached: $600K–$850K. Walking distance to TRU.
A north shore neighbourhood that offers some of the most affordable detached homes in Kamloops, often in the $520K–$700K range. Older housing stock but solid neighbourhood infrastructure.
A growing suburban community up the North Thompson River. New subdivisions and larger lots at competitive prices ($580K–$780K for detached). A quiet family-oriented area with improving amenities.
A ski resort community 45 minutes north. Condos from $400K, chalets to $1.5M+. Year-round appeal with skiing, biking, and hiking. Strong short-term rental market historically, though provincial restrictions apply.
BC PTT applies: 1% on first $200K, 2% from $200K–$2M, 3% above $2M. On a $650,000 Kamloops home, PTT is $11,000. First-time buyers qualify for full exemption under $500,000.
TRU enrolment exceeds 25,000 students, creating strong rental demand near campus. Vacancy rates in Kamloops remain tight. New purpose-built rental buildings have added supply but haven't eliminated the shortage. Investors targeting student rentals near TRU or healthcare workers near Royal Inland Hospital find reliable long-term tenancies.
Kamloops' economy is anchored by healthcare (Interior Health Authority), education (TRU), retail, and resource industries. Its role as a transportation hub (Hwy 1, CN Rail, CP Rail) supports warehousing and logistics employment. Economic diversity reduces the market's vulnerability compared to single-industry towns.
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