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Housing Market
Current Kamloops
Average Home Price
Volume
Loans Processed this Month
Flexibility Index
Sales rose while active listings remain healthy, creating a balanced market with modest upward pressure, particularly on detached homes.
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Kamloops
MARKET
INSIGHTS
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We aggregated everything for you in one place.
Rate Forecast
The 8-month outlook shows 5-year fixed rates around 3.85%, with potential dips before returning to stabilize near this level.
Rate Movement
Two Bank of Canada rate cuts totaling 0.50% are anticipated in the next 12 months, likely providing relief for borrowers and supporting lower fixed-rate mortgages.
Housing Market
Kamloops's average single-family home price was $673,200 in July 2025, down about $9,000 from June but up roughly 2.2% year-over-year.
Forecasted Rate Cuts
Q3 2025
1 CUT
Projected
Q4 2025
1 CUT
Projected
Q1 2026
0 CUT
Projected
Q2 2026
0 CUT
Projected
Next BOC rate cut expected in Q3 2025, with a current market probability of over 70%. Only rate cuts with a likelihood of 70% or higher are displayed.
Fixed Rates
Easing bond yields are nudging fixed mortgage rates down.
Variable Rates
Prime discounts continue to widen, signaling relief for variable-rate borrowers.
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KamloopsMORTGAGE RATES
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Kamloops's Best 5‑Year Fixed Mortgage Rates
This option is popular among families and first‑time buyers seeking stability.
A 5‑year fixed mortgage is ideal for those who value consistency in their monthly payments. This option is popular among families and first‑time buyers seeking stability. With rates that remain unchanged for five years, homeowners in Kamloops can enjoy peace of mind even if interest rates rise.
Kamloops's Best 3‑Year Fixed Mortgage Rates
A 3‑year fixed mortgage may be a better option for those prioritizing flexibility.
A 3‑year fixed mortgage may be a better option for those prioritizing flexibility. It typically offers lower rates than a 5‑year and allows for renewal if rates drop. This choice is sensible for individuals planning to move or upgrade in a few years.
We think a 3‑year fixed rate makes sense for people planning life changes. Maybe you're upgrading soon or expect to sell within a few years. We gathered the top rates in Kamloops to see what's available.
Kamloops's Best Variable Mortgage Rates
Variable mortgages can be a smart financial move, potentially leading to savings over time, even if payments fluctuate.
Variable mortgages can be a smart financial move, potentially leading to savings over time, even if payments fluctuate. These rates appeal to those anticipating a decrease in rates, especially in light of recent cuts by the Bank of Canada, which have led lenders to lower their variable mortgage rates.
We've noticed more buyers are considering variable rates these days. If you're comfortable with some uncertainty and want to take advantage of potential rate drops, we found the best options from over 97 lenders today.
Who Offers Mortgages in Kamloops?
In Kamloops, the power is in your hands when it comes to choosing a mortgage lender. You've got a range of options, from big banks to local credit unions, mortgage brokers, and even private lenders if needed. This control allows you to find the best fit for your needs and preferences.
Many people still go straight to the big banks. It feels familiar if you already bank with RBC, TD, BMO, CIBC, or Scotiabank.
That said, banks don't always have the lowest mortgage rates. So, while they're convenient, they may not be the most competitive.
Credit unions are a solid alternative in Kamloops. Names like Interior Savings, Valley First, and Integris Credit Union often appear. These institutions are more community‑focused and usually more flexible. They value their members and often offer better terms or friendlier service, especially if you've been a long‑time member or live nearby.
Then there are mortgage brokers. They don't work for a single bank or lender. They work for you. They compare rates from dozens of places to find the best fit. A broker can be a game‑changer if you're a first‑time buyer, self‑employed, or have a complicated file.
Finally, private lenders are best for folks who can't qualify with traditional lenders—maybe their credit has taken a hit, or their income isn't easy to document. While rates will be higher, approvals will be faster and easier. For some buyers, they're a lifeline, offering a chance to secure a mortgage when other options may not be available.
Local Credit Unions
Looking for a lender that actually knows Kamloops? Credit unions might be the answer. Interior Savings, Valley First, and Integris Credit Union are all based here and work with locals daily. You're not just a number. That personal touch matters, especially if you want a bit more flexibility. And while not always the lowest, their rates are often very competitive, especially if you've banked with them for years.
Mortgage Brokers in Kamloops
Brokers are like matchmakers but for mortgages. Instead of offering just one product, they compare dozens. You explain your goals, and they bring you options. This personalized service is great if you're starting out, need help navigating the process, or want someone on your side doing the legwork. It's a supportive approach to finding the right mortgage.
In Kamloops, you've got a long list of choices. Mortgage West, Atelier Lending, Integra Mortgage, Mortgage Tech, and Sarah Park from Mortgage Alliance all serve the area. So do more prominent names like House and Home Mortgage Co., Steve Bucher at Mortgage Intelligence, True North Mortgage, Citadel Mortgages, and Nesto. Most won't charge you. Lenders pay them a fee, so it's usually a free service to you.
How to Choose the Right Mortgage Lender
Rates matter. But so does service, flexibility, and trust.
We suggest starting with your budget. Know what you're comfortable spending monthly, not just what the lender says you can afford. Get pre‑approved. Compare offers. Look at more than just the rate. Check the terms, penalties, and how easy it'll be to make changes down the road.
Tools like EveryRate.ca make this part easier. You can compare multiple lenders side by side in one place. And if you're not sure what something means, ask. No question is too small. This is your mortgage. You deserve to understand every part of it.
Kamloops’s Housing Trends: What You Need to Know
Kamloops is gaining traction in 2025 after a slow start last year. More homes are coming onto the market, buyers are returning, and lenders are easing their requirements.
| Neighbourhood | Home Price | 5% Down | 10% Down | 20% Down | Est. Monthly Payment (20% Down) |
|---|---|---|---|---|---|
| Aberdeen | $854,000 | $42,700 | $85,400 | $170,800 | $4,030 |
| Barnhartvale | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Batchelor Heights | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Brocklehurst | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Campbell Creek | $574,900 | $28,745 | $57,490 | $114,980 | $2,713 |
| Dallas | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Downtown Kamloops | $652,700 | $32,635 | $65,270 | $130,540 | $3,083 |
| Heffley Creek | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Juniper Ridge | $650,000 | $32,500 | $65,000 | $130,000 | $3,075 |
| Knutsford | $675,000 | $33,750 | $67,500 | $135,000 | $3,194 |
| Lower Sahali | $652,700 | $32,635 | $65,270 | $130,540 | $3,083 |
| North Kamloops | $635,000 | $31,750 | $63,500 | $127,000 | $2,996 |
| Pineview Valley | $642,500 | $32,125 | $64,250 | $128,500 | $3,037 |
| Rayleigh | $725,000 | $36,250 | $72,500 | $145,000 | $3,431 |
| Sahali | $676,350 | $33,818 | $67,635 | $135,270 | $3,202 |
| Sagebrush | $642,500 | $32,125 | $64,250 | $128,500 | $3,037 |
| South Thompson Valley | $800,000 | $40,000 | $80,000 | $160,000 | $3,781 |
| Valleyview | $693,000 | $34,650 | $69,300 | $138,600 | $3,278 |
| Westsyde | $642,500 | $32,125 | $64,250 | $128,500 | $3,037 |
| West End | $642,500 | $32,125 | $64,250 | $128,500 | $3,037 |