Cheap Houses and Condos for Sale in Kamloops

Listings last updated 03/07/2021
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Finding cheap houses for sale in Kamloops, BC

Get instant access to a lot of relevant information about Kamloops, BC real estate, including property descriptions, virtual tours, maps and photos. Point2 gives you far more than a simple list of cheap houses for sale in Kamloops, BC, as the search results pages also have a lot of information on Kamloops, BC, right below the listings. Among the deep filtering functions on Point2, you can use Kamloops, BC real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 145 cheap houses for sale in Kamloops, BC

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A vibrant community in the southern interior area of British Columbia, Kamloops has a population of around 90,280 people and is known for its great recreational activities, an abundance of sunshine, and pleasant quality of life. Set in the Thomson Valley on the Thomson River, Kamloops has a mix of mountain and low-lying terrain and covers an area of 299.23 The city has a lovely climate – in fact, one of the nicest in BC – as it receives over 2,000 hours of yearly sunshine with warm, dry summers and cold, snowy winters.

Kamloops’ economy relies on a number of industries, namely mining, agriculture, retail, and forestry. Green energy and technology are also emerging industries, and the city is a transport hub with direct routes to Vancouver, Edmonton and Calgary, as well as Banff and Jasper. As well as being a gateway to a number of destinations, Kamloops has a lot to offer as a city and provides a desirable quality of living for its residents. Just 45minutes from the city is the well-known Sun Peaks, Canada’s second-largest ski resort, which offers an abundance of summer and winter recreation. Golfing, skiing and snowboarding, mountain biking, hiking, and other activities can all be enjoyed here.

The city embraces its First Nations culture and heritage, and roughly 9.1% of its population are those of Aboriginal ancestry. The remainder of the population is made up of visible minorities (6.8%) and whites (84.1%). Kamloops is a lovely place to live and it’s one of the province’s fastest growing cities due to its affordability aspect and pleasant lifestyle.

Popular areas in Kamloops include: Westsyde, Knutsford, Rayleigh, Rivershore, Roche Lake, Valleyview and Southgate.

Kamloops, BC

Kamloops, BC
real estate market overview

Real Estate Market Overview

With affordable housing, sales growth and stability, Kamloops is currently enjoying a very active and healthy real estate market. Prices are up in the city, as are sales levels, a situation which is driven by people being attracted to Kamloops on account of its great house prices and value for money. A lot of people are cashing in on their properties in other areas of the province, and upgrading to a larger property in Kamloops and a more affordable lifestyle.

The benchmark price for a single-family detached home in Kamloops is $385,000, a benchmark which has increased by 5.1% in the last year. Despite its growth, this is still extremely affordable and more people are seeing the potential in the city’s market. Due to high demand, inventory levels are currently lower than normal and the market is favouring sellers. This contrasts with other major cities in the province, as many have been hit quite badly by the Foreign Buyer Tax which was implemented in 2016. This indicates that much of Kamloops’ market consists of move-up buyers and first-time homeowners, and those moving in from other cities in BC and Alberta. Sun Peaks resort is also a huge motivator for people moving into the city, especially those desiring an outdoorsy lifestyle.

Kamloops has a number of great neighbourhoods, and at different elevation levels. Juniper Heights sits slightly higher than other areas and offers beautiful views of the valley, and features a combination of new and older homes. Brocklehurst and Aberdeen are also very popular for families, with great schools and access to recreational activities. Sahali is attractive for small families and first-time buyers, and has a range of new and older homes, townhouses, and condos.

real estate market overview

Cheap Real Estate Market Overview

Kamloops as a whole has an incredibly well-priced housing market, despite the growth in the last couple of years. The city poses an cheap alternative to other major cities in the province, but it offers a similar lifestyle to places like Vancouver in terms of recreational activities and climate.

It’s a great place for young-families and first-time buyers to purchase a home, and with a strong economy and predicted growth, it’s a desirable place in which to buy. The median price for a 2-bed condo is around $256,950, which is very cheap compared to other areas of the province.

cheap real estate market overview

Read more about living in Kamloops, BC.

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