Kamloops
Kamloops is the city of Canada in British Columbia where south & north Thompson Rivers meet. This city is known & famous as the Tournament city of Canada. Kamloops hosts over hundred tournaments every year with the world’s top class facilities of sports like Kamloops bike ranch, tournament capital ranch & tournament capital center. So, if you are a sports enthusiast then you should consider this city to live in.
Kamloops is a highly desirable city in the whole of British Columbia. It’s ideal climate & location attract more buyers from all over the country & province.
A mixture of family friendly neighborhoods, well rated schools, a slew of the outdoor activities & amenities perfectly blend the amazing lifestyle in Kamloops. If you want to live abroad in a Canadian city, you should definitely consider Kamloops.
Housing Affordability in Kamloops
The cost of living in Kamloops continues to increase. From the food at grocery stores to the place where you live everything is getting a little expensive. In Kamloops, the average cost of a house is approximately $573000, as stated by July statistics from district real estate association of Kamloops.
A new survey suggests that the cost of living in Kamloops is more affordable than many other parts of southern British Columbia. According to the living wage for the families, an hourly wage required in Kamloops is $16.71 per hour. In this article you can also find some of the affordable houses available recently for sale in Kamloops.
Three days ago, a new house came on the real estate market for sale. A two bedroom and one bathroom apartment are available for sale at 696 ST PAUL STREET Kamloops, British Columbia. This house costs only $449,900. Similarly, another two bedroom and one bathroom apartment has come to the real estate market for sale at 139 Don Street, Kamloops, British Columbia. This house costs only $499,900. From the prices of these houses, you can predict that even a low income person can have a good house in Kamloops.
Real Estate Market Outlook of 2023
Current Kamloops real estate statistics indicate that the city has 58 active listings. The BCREA has forecast that home sales will drop by 19 percent in 2023. There are different important construction styles in Kamloops. The most important are detached houses, townhouses and condominiums. Because these are all the houses whose prices have clearly differed from the past three months and from their prices, we can estimate the prices of houses in the coming times.
It is predicted by many real estate analysts that in the coming times due to the increase in the price of gas and the increase in the dollar rate, the prices of houses may increase, but most people think that the prices of houses will not increase much. You can spend your quality of life in this city by buying a nice house between $100 and $500.
If you don’t have even the slightest savings to bear the change in house prices, then I will suggest you to buy your own house in Kamloops this year.
