Unaffordable Vancouver housing market pushing buyers to Kamloops?

By Greg Fry
March 4, 2018 - 7:43am

KAMLOOPS — The Outgoing President of the Kamloops and District Real Estate Association believes the costly Lower Mainland real estate market is forcing some buyers there to flee to Kamloops.

"I believe so. Now that's probably my personal opinion but I think if you talk to different realtors throughout the city I think you will find that seems to be a general consensus," says Cyndi Crossley. "We do have a lot of Lower Mainland people coming up, at least I'm finding I am."

She says there's a good reason for it.

"You know, they can sell down there, buy up here. Some of them pretty much for equivalent of the style of a home they had down there yet be able to pocket some of that extra profit money."

Crossley's comments follow another hot month for real estate in Kamloops in February.

Last month the number of home sales increased yet again year-over-year with 196 home sales for a total dollar value of just over $73.7 million.

In February 2017, 192 units sold for a total dollar value of just over $67 million.

The median sale price for the region was $415,000 in February, up from $409,000 in January.

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