Kamloops rental market ‘pretty tight’ in September
KAMLOOPS — It’s a challenging time for those looking to rent in Kamloops.
“The market right now is pretty tight for renters. The vacancy rate for our portfolio is sitting at around 1 per cent in September which is a little lower than we see in the summer once the students arrive back to TRU,” says Jason Fawcett, vice-president of the Kelson Group, proprieters of 22 rental buildings in the city. “And then you combine other people in the rental market and it’s a very competitive time. Typically other parts of the year it’s more stable.”
He adds the low vacancy rate tends to be spread evenly across Kamloops.
“We have buildings in almost every market and it’s pretty equal. The North Shore is strong, same as the south shore. It’s tight in every neighbourhood.”