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Latest Stories

10th Apr 2025

March Sales Up 25% in the Interior Housing Market

The Interior housing market report for March revealed a 25.1% increase in residential sales from February and an 11.9% rise from last March. Inventory also grew, with over 3,000 active listings in Central Okanagan. Benchmark prices increased in most categories, notably a $49,900 rise in North Okanagan townhouses.

Read the full story by Castanet.

31st Mar 2025

Kamloops Approves Two New Rental Developments

Kamloops city council approved development permits for two rental apartment buildings. A five-storey, 13 two-bedroom building at 1712 Tranquille Rd will replace a single-family home and offer 11 parking spaces. A three-storey, 34-unit building on Pacific Way by Brevik Holdings will include 26 parking spots and various amenities.

Read the full story by Castanet.

20th Mar 2025

Kamloops Council Will Vote on Allowing Short-Term Rentals

Kamloops City Council proposes allowing short-term rentals like Airbnb under a $67 business license. The change would permit rentals in principal residences, separate suites, and strata developments, impacting the long-term rental market's 1.4% vacancy rate. Currently, 80% of 300 listings violate city regulations.

Read the full story by Castanet.

13th Feb 2025

Okanagan Market Has a Strong Start to the Year

The Interior BC real estate markets saw increased sales and new listings, surpassing levels from December and January 2024. Benchmark prices increased across the Okanagan and Shuswap/Revelstoke regions, with the highest increase of 11% seen in South Okanagan. Kamloops prices dipped across all property types.

Read the full report by AIR.

5th Feb 2025

Kamloops Advances 180-Unit Project in Pineview Valley

Kamloops has approved a 180-unit project at 1920 Copperhead Dr. in Pineview Valley. The development includes 60 apartment units and 120 townhouses. Concerns remain about maintaining trail connectivity and environmental impact. City staff assured residents that this will be addressed during the development permit stage.

Read the full story by Castanet.

29th Jan 2025

Kamloops Approves Permit for 128-Unit Apartment Project

Kamloops city council approved a development permit for a six-storey, 128-unit rental apartment building by A&T Project Developments on Notre Dame Drive. The unanimous vote allows replacing the existing Bianca Amor's building. The project is phase one of two, with a tax exemption granted and sanitary sewer upgrades required.

Read the full story by Castanet.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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