Kamloops real estate market strong despite provinces overall weakening trend

Feb 18, 2017 | 1:09 PM

KAMLOOPS — The B.C. Real Estate Association says home sales are forecast to drop 14.1% this year, and the average home price should fall nearly 5% as a result of rising property tax burdens aimed at foreign buyers,

In Kamloops, it appears it’s quite the opposite.

Frank Salituro with Royal Lepage Kamloops Realty says home prices in Kamloops increased approximately 5% in 2016.

Based on the cities current housing stock, Salituro predicts an extra 2 to 3% price increase in 2017.