Salmon Arm Real Estate

Prices from $75,000 CAD to $1,750,000 CAD Listings last updated 11/19/2018

Houses for Sale in Salmon Arm

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Real estate roundup: Salmon Arm, BC housing market overview

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CITY GUIDE
SALMON ARM, BRITISH COLUMBIA

Nestled in the southern interior of British Columbia, Salmon Arm is an important city in the Shuswap area.

The population is slightly over 18,000 and fluctuates little.

Salmon Arm is part of the Columbia-Shuswap Regional District.The first fur traders arrived in the 1700’s.
First Nationspeople had occupied the area for several thousand years before that. During the gold rush days in the late 1800’s, prospectors panned for gold in the gravel bottom of the Salmon River.

Paddle wheelers taking miners to the north end of Shuswap Lake bypassed Salmon Arm.

After the last spike was driven into the transcontinental railway, thirty-three miles to the east, homesteaders started to come to the area.

Salmon Arm was incorporated as a city on May 15, 1905.

In 2005, a silver coin was minted to honor its centennial.

KEY FACTS:

Salmon Arm, British Columbia

Salmon Arm, BC
  • Country: Canada

  • Province: British Columbia

  • Population: 17,464

  • Area:

    City: 155.28 km2

    Metro: 165.57 km2

Lifestyle

Lifestyle and Culture

This picturesque city overlooks beautiful Shuswap Lake. The Salmon River empties into the lake here - hence the name. During the summer months, Salmon Arm is a tourist town. Tourism is the main summer industry with visitors coming not onlyfrom Vancouver and Calgary but also Asia.

Lifestyle

Entertainment and Tourism

Many come to enjoy the temperate climate, the lovely beaches, camping, hiking, fishing, water skiing, and house boating on the lake- it boasts North America’s longest wooden wharf. Autumn is lovely in Salmon Arm because of the plethora of deciduous trees in the surrounding hills. Tourists come to hike and photograph the scenery. Because of snow and the surrounding hills, Salmon Arm is a great winter sports area for snowmobiling, cross country skiing, ice fishing, and snowboarding. Winter travel in the area can be treacherous because of the mountainous terrain. Snow tires are a necessity.

Salmon Arm is a favorite spot for shutter bugs: In spring and fall, the wildflowers and trees in the area are a photographer’s delight. It is part of a vital wetland area in BC’s interior. The area is the nesting/breeding grounds of the province’s largest colony of western grebes, andbird watchers are delighted by sightings of up to five hundred species of migrating birds in the marshland.

Entertainment and Tourism

Real Estate Market

Because of summer tourism, Salmon Arm has several hotels, inns, bed and breakfast facilities as well as campgrounds. Because of tourist traffic it also has a higher-than-usual percentage of restaurants and cultural attractions. Tourism is often the intention but the climate, attractions and quiet life also convince some visitors to relocate here. Presently there is a low inventory of properties for sale in Salmon Arm. Buyers come from lower British Columbia,where they are selling homes in Victoria and the surrounding area for top dollar,and from Alberta where the economic downturn has people relocating for employment. These two situations are driving up home prices in the area.

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Home Style Median Price
Home $402,450
Apartment $283,000

The table above is based on data from the Canadian Real Estate Association (CREA) National MLS® Report for April 2016 (the latest information available). Median prices are based on data from www.canadianrealestatemagazine.ca.

economic

Economic

Located in a low-lying agricultural setting, Salmon Arm’s land is rolling. The city is surrounded by highlands and mountainous areas. Mount Ida, an extinct volcano, is nearby to the south, Larch Hills can be seen in the east, Fly Hills are to the west, Andin the north, Bastion Mountain is across the bay. Salmon Arm’s climate is moderate but it does have noticeable spring, summer, fall and winter seasons. Summer highs reach the low eighties (27 C) while winter temperatures average highs of just below freezing. It is not unusual to have snow by the end of November in Salmon Arm.

Because of the fluctuations in elevation in the area, you might still be snowmobiling in nearby Fly Hills in early spring. Salmon Arm receives an average annual precipitation of just over twenty inches (550 mm.) The largest industries in Salmon Arm are forestry and secondary forestry businesses. Birch, aspen, larch, coniferous trees, and cottonwoods grow in the highlands surrounding Salmon Arm. However, Federated Co-op closed it’s sawmill in 2008, a result of an economic downturn. The Gorman Brothers’ plywood production facility is still running. Canadian Pacific Railway trains pass through Salmon Arm. Highways also bring truck traffic in and out of the city.

economic