If you're thinking about buying a home in Kamloops, you're not alone. As we move through summer 2025, many prospective buyers are asking the same question: Is now the right time to buy, or should I wait?
With market conditions shifting, mortgage rates remaining high, and inventory trends changing, making the right decision takes more than guesswork. In this blog, we’ll break down what’s happening in Kamloops today so you can move forward with clarity.
1. Kamloops Home Prices Are Leveling Out
Over the past several years, Kamloops saw strong price growth, driven by high demand and limited supply. But 2025 has brought a noticeable change. Prices have begun to stabilize across many neighbourhoods, and bidding wars are becoming less common.
This market shift offers potential buyers more breathing room—especially compared to the fast-paced environment of 2021–2022. If you’ve been waiting for a less competitive time to buy, that moment may be here.
2. Inventory Is Up, Giving Buyers More Choice
As of July 2025, the number of active listings in Kamloops has increased compared to previous years. More homes on the market mean buyers now have more options to explore—and more power at the negotiating table.
From Sahali to Brocklehurst to Valleyview, buyers are seeing a wider variety of price points, styles, and property types. Sellers are also becoming more flexible when it comes to pricing and possession dates, especially if their property has been sitting on the market for a few weeks.
3. Mortgage Rates Remain High—but That Could Change Soon
Current fixed mortgage rates in BC are still in the 5.5% to 6% range. While that may feel discouraging, there’s reason to watch this closely.
If rates drop in the next 6–12 months—as some forecasts suggest—buyer demand could quickly increase again. When that happens, prices may rise and competition could return.
If you’re financially prepared and plan to stay in the home long-term, buying now at a higher rate and refinancing later may actually cost less than waiting for a market rebound.
4. Waiting Might Cost You More Later
There’s always uncertainty in real estate, but what’s clear is that today’s Kamloops market offers more opportunity and less pressure than in recent years.
If you find a home that fits your needs and budget, this could be your ideal window to buy. Trying to time the bottom of the market often leads to missed chances—especially in a growing city like Kamloops, where long-term demand remains strong.
5. Questions to Ask Before You Buy
Ask yourself the following to determine whether now is the right time for you:
Am I financially prepared for a mortgage, taxes, and maintenance costs?
Do I plan to stay in the home for at least 3–5 years?
Are current home prices in Kamloops within my affordability range?
Would buying now with a higher rate still make sense if I can refinance later?
If the answer is yes to most of these, this may be the right time to take the next step.
Final Thoughts
The Kamloops real estate market in July 2025 is giving buyers more options and negotiating power than we've seen in years. While mortgage rates remain a challenge, stabilizing prices and rising inventory suggest this could be a smart time to make a move—if you're ready.
Working with a knowledgeable local agent can help you navigate today’s conditions and avoid common pitfalls. The right time to buy isn’t just about the market—it’s about your goals, your finances, and your future plans.
Have questions about buying in Kamloops? Let’s talk about your options, your timing, and what makes the most sense for you.
Kevin Scharfenberg
Personal Real Estate Corporation
250-457-1795
Brokered by: EXP Realty
Helping clients across Kamloops and the surrounding areas.
