1,013 Property for sale in Kamloops listings are price checked
Listings from forsalebyowner.ca, 4321property.com and 7 more
Property value calculations
Do not overpay! With property price calculations you can make better choices when you are looking for your next place to live.
Using artificial intelligence, we analyse property adverts daily from various property portals, saving you time and providing valuable insights.
How we calculate property prices
The estimated market value for properties is calculated by using a proprietary formula that includes detailed information about a home (bedrooms, bathrooms, size and so on), Additionally, location, market dynamics and other key details are extracted from property listings to determine the correct price evaluation.
The precision of the estimates rely on the availibility of data and should serve as guidance rather than absolute certainty.
We remain committed to transparency and providing valuable market insights to our users, by helping them navigate the property market with confidence.
Living in Kamloops: A Quick Guide to the Real Estate Market & Neighborhoods
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Market status in Kamloops
Our catalog on AllClassifieds offers a comprehensive overview of the real estate sales market status in Kamloops (Thompson-Nicola, Canada), showcasing the latest trends and offerings. The city features various dwelling types, with houses leading with an average price of $ 887,700 CAD, an average size of 2,229 sqft, and representing 76.9% of listings. Condos follow with an average price of $ 580,100 CAD, an average size of 1,015 sqft, and 21.2% of listings. Townhouses make up 0.7% of listings, with an average price of $ 591,000 CAD and an average size of 1,544 sqft.
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FAQ
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What are the property taxes in Kamloops and are there any other ongoing costs I should consider?
In Kamloops, the average property tax is approximately 0.98% of the assessed property value. Additionally, homeowners should consider regular costs such as utilities, home insurance, and maintenance. For the latest property tax rates and costs, visit the City of Kamloops website: kamloops.ca. Remember, utility costs and insurance rates can vary based on property size and usage.
What types of upfront costs and fees will I have to pay when purchasing a property in Kamloops?
When purchasing a property in Kamloops, you can expect upfront costs such as a down payment, typically 5-20% of the property's price, inspection and appraisal fees (approximately $ 500 CAD), legal fees (around $ 1,500 CAD ), and property transfer tax. Additional costs may include mortgage insurance and adjustments for taxes or utilities. Ensure to budget accordingly for these expenses.
How does the Kamloops property market compare to ther regions in the Canada?
The average home price in Kamloops (Thompson-Nicola, Canada) is about $ 612,000 CAD as of early 2023. This is lower than in Vancouver, where average prices are over $ 1,000,000 CAD , but higher compared to Regina, with average home prices around $ 301,900 CAD . Kamloops offers a mid-range option in Canada's diverse property market.
How competitive is the Kamloops property market?
The Kamloops property market is competitive, with September 2021 data showing an average house price of $ 554,083 CAD . While this reflects a desirable area, inventory shortages contribute to competition among buyers. A prime example is the Westsyde neighborhood, offering family-friendly amenities, increasing its demand. Source details: kadrea.com/documents/stats202109.pdf
