
Kamloops real estate market enters 2024 with cooling activity, potential for interest rate cuts
KAMLOOPS — Real estate activity in the Kamloops area cooled off last year, thanks to a blend of factors, including high interest rates, wildfires and low housing supply.
Kamloops finished off 2023 with fewer home sales than average. According to latest figures from the Association of Interior Realtors, December saw 87 units sold, which is a 6.5 per cent decrease compared to the same month in 2022.
Given the interest rate changes seen throughout 2022 and 2023, it also wasn’t a surprise.