Q1 2026 Kamloops & District Market Overview

While overall real estate activity in Kamloops got off to a slower start in 2026, one segment of the market continues to move quickly: affordable homes.According to the latest Q1 report from the Association of Interior Realtors, Kamloops recorded its slowest first quarter for home sales since 2015, with 444 residential sales in Q1, down 7.9% year-over-year. Total sales volume also declined 6.9%, reaching $262.9 million.At first glance, those numbers may suggest a slower market.But the full story is more nuanced.

Buyers Are Being More Cautious

Higher borrowing costs, economic uncertainty, and questions around future interest rates caused many buyers to pause earlier this year.The report noted that many buyers were waiting for more clarity before making a move, which contributed to slower activity in January and February.That hesitation is beginning to fade.By March, sales had already started to outperform 2025 levels, signaling that momentum is beginning to return as we move deeper into spring.

Inventory Is Rising, But Not Dramatically

As of March 2026:

Active listings increased 4% year-over-year
New listings rose just 0.4%
Total active residential listings reached 1,215

This tells us inventory growth is being driven more by slower sales, not by a flood of sellers entering the market.Many homeowners are still hesitant to list because:

They’re anchored to 2021 pricing expectations
They don’t feel pressure to sell
They’re waiting for stronger market conditions

The $500K–$750K Price Range Is Seeing Strong Demand

This was one of the most important takeaways from the report.According to AIR:“Appropriately priced homes, especially in the $500,000–$750,000 range, continue to see strong demand and sell more quickly than properties at other price points.”This is largely being driven by:

First-time buyers entering the market
Buyers looking for affordability
Families upgrading within a realistic budget

The report also noted that some homes in this range are even attracting backup offers and occasional competing offers.No, this isn’t 2021 all over again, but demand is clearly strongest in this segment.

Higher Price Points Are Moving More Slowly

Luxury and higher-end homes are facing a different reality.Buyers in these price ranges remain more cautious, and the report suggests this segment is unlikely to see a significant spike in activity in the near future.That means sellers in higher price brackets need to be especially strategic with pricing and presentation.

What This Means for Buyers

If you’re shopping in the entry-level or mid-range market:

Be prepared for competition on well-priced homes
Get pre-approved early
Move quickly when the right opportunity comes up

Even in a slower market, desirable homes are not sitting around for long.

What This Means for Sellers

If your home falls within that high-demand price range, this spring could present a strong opportunity.But pricing still matters.Today’s buyers are informed and selective, and overpriced homes can still sit.

Final Thoughts

The Kamloops market isn’t “hot” or “cold” right now, it’s highly segmented.While overall sales remain below historical averages, affordable homes continue to perform well.That’s why understanding your specific price point matters far more than relying on broad market headlines.

Thinking About Buying or Selling in Kamloops?

Every neighbourhood and price range is behaving differently right now.If you want a clearer understanding of what your home could sell for, or where opportunities exist as a buyer, I’m happy to help.No pressure. Just local insight you can actually use.