BCREA released it’s latest mortgage rate outlook. Read below and link to full report is included below.
The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. The Bank swiftly brought its overnight rate to its effective lower bound of 25 basis points and used the impressive scope of its balance sheet to counteract a nascent rise in credit spreads. Those measures, and those of its global counterparts, helped to forestall a potential repeat of the credit crisis that shocked the global economy over a decade ago.
The Bank’s foray into quantitative easing (QE), or the purchasing of bonds across the yield curve of short-to-long term maturities, and an injection of liquidity into the mortgage market have resulted in record-low Canadian mortgage rates. The average 5-year fixed rate now sits below 2 per cent and is just 165 basis points over the 5-year government bond yield, essentially in line with the long-term average.
While the average 5-year rate has come down considerably, the qualifying rate remains stubbornly high at 4.79 per cent. That rate has become notoriously divorced from its underlying benchmark in recent years and now sits at a spread of close to 450 basis points over the 5-year bond yield, or about 100 basis points higher.
With the Bank of Canada eschewing negative interest rates and providing forward guidance that it has no plans to raise its policy rate until slack in the economy is absorbed, there is not much on the horizon that may move mortgage rates one way or the other. We expect a mild rise in rates as the Bank slows and eventually ends its QE, perhaps by the end of 2021. Studies show QE lowers long-term interest rates by 10-25 basis points, so we can anticipate a similar magnitude rise in 5-year rates when QE ends.
Here is a list of all the areas of Kamloops that have new residential housing developments. These developments consist of multi-family condominiums, townhouses, duplex units, bare land strata developments and single family homes. To view all home listings and properties for sale in Kamloops click here.
Aberdeen
Brighton Place (1323 Kinross Drive) is Aberdeen’s newest single family (bare land strata) subdivision. This development features 2 and 3 bedroom plans. There will be 38 single family detached homes, duplex style and 4 plex style homes. Located off of Linfield Drive, a short walk to the Aberdeen Elementary School. This development is slated to be complete in 2020.
Carradale Court (1250 Aberdeen Drive) is one of the newer bare land strata developments in the Aberdeen highlands area. This development features 2 and 3 bedroom plans. There are 40 single family detached homes in this development. Located in the West Highland Development on Aberdeen Drive and is across from the Aberdeen Elementary School. This development is complete and resale units do come on the market periodically. Homes in this development were built between 2012 and 2014.
Cobblestone Pointe (770 Hugh Allan Dr) This development consists of 20 duplex style homes in a bare land strata. They back on to a green belt and will have valley and mountain views. It is located on Hugh Allan and Highway 5a (old Merritt Highway). These homes were built between 2011 and 2013. Resale units do come available on occasion, it s a popular development.
Harrison Views (1200 Howe Rd) is a new condo style development on the corner of Harrison Place and Howe Road in Aberdeen. Each unit comes with stainless steel appliances and granite countertops. There are one and two bedroom units with beautiful valley and river views. This condo building was built in around 2013.
Livingston Court (1325 Aberdeen Dr) is a newer multi-family townhouse development in the Aberdeen West Highland area. These homes consist of two bedroom and den as well as three bedroom units. Some of the units back on to green space and have nice valley and mountain views. These homes have nice open floor plans and lots of natural light. They were built between 2013 to 2016.
Pacific Ridge Estates (2160 Pacific Way) is a new development on Pacific way at Links Way. It is in the beginning stages of development and will feature 24 units. It is a gated community with beautiful valley views. It is located among many walking trails and close to shopping and schools. These homes are higher end rancher style homes with a mix of daylight walk out basements and below grade basements. This development features nice green spaces and most units are duplex style with one unit fully detached and one row of 3 units. These units completed construction in 2018.
The West Highland development is located at the intersection of Aberdeen Drive and Pacific Way. This development features a variety of dwellings including single family and multi-family homes. Phase one of the development includes 34 single-family lots, two multi-family sites and a mixed-use commercial-residential site.
To view all homes and properties for sale in Aberdeen click here.
Batchelor Heights
Plateau at Riverbend is situated in the Saddleback Hills and is located north of Batchelor Drive off of Stagecoach Drive. This area is one of the newest single family developments in Batchelor and consists of brand new homes and serviced building lots. These homes and lots are found on Saddleback Drive, Latigo Drive and Doubletree Crescent.
Saddleback Hills is located north of Batchelor Drive. Stagecoach Drive and Saddleback Drive are two streets in Batchelor where this particular development will be found. There are a variety of homes for sale such as single family detached homes, bare land strata detached homes and duplex style bare land strata homes.
Quails Roost Court is located off of Quail Drive in Batchelor Heights. This is one of the newest developments in Batchelor. The homes are perched on top of a hill and boast beautiful views of the river and valley below.
The Views at Saddleback (900 Stagecoach Dr) is located at the foot of Saddleback Drive off of Grasslands Boulevard. This is a bare land 48 unit strata development and features single family detached homes and duplex style homes. Many of the units in this development feature valley and river views. Units in this development were built as early as 2008 and completed in 2013.
To view all homes and properties for sale in Batchelor Heights click here.
Brocklehurst
Crestline Park (2592 Crestline St) This Bare Land Strata development is located off of Crestline Street in Brocklehurst. This strata has homes with open modern floor plans and feature three floor plans, rancher style, basement entry and two storey. All homes have their own small fenced yards. There are nice views of the hills and walking trails are close by. Each home has a single car garage and two parking stalls. Units were built between 2011 and 2013.
Mayfair & Riverbend are seniors oriented independent living condos with lots of amenities. There are also support services offered at this development. Amenities include fitness centre, theatre room, games room, workshop, community garden & more. The complex is pet friendly and wheelchair accessible. It is very close to shopping and transportation.
Suncrest Place(1923 Parkcrest Ave) This smaller style bare land strata development features duplex style homes that have nice modern finishes, single car garages and nice yards. There will only be 10 units in this development. Development on this site began in 2013 and continues through 2018.
Sunset Ridge (1900 Ord Rd) is a development off of Ord Road set against the northern hills in Brock. This is a leasehold development with low bare land strata fees. There is the option to pay out the lease to transfer the property to a freehold interest. These homes are built green with low-e windows, 30 year roof and high efficiency furnace. All the homes in this development are modular/manufactured homes that sit on a foundation. Some homes do have a basement.
West Briar Estates development is located west of Crestline Street in Brock. This area is mainly single family detached homes on lots that are a minimum of 5,000 square feet. The homes built in this area are predominantly basement entry style homes with two car garages and open floor plans. There are a few ranchers also built in this area. There are not any more lots available and some homes are now coming up as re-sale homes in this area.
Campbell Creek Village is located close to the Wildlife Park 20 minutes from the Downtown core. There are a number of building lots on Dallas Drive, Badger Drive and Badger Place available for purchase including cul-de-sac lots. New homes are also available for purchase. Hiking trails surround this beautiful area of Kamloops.
The Burrows (8800 Dallas Drive) is Campbell Creek’s newest bare land strata development featuring duplex and single family style homes. This community began construction in 2016 and continues at this time. The Burrows is located 15 minutes from downtown Kamloops and a short drive from shopping, schools and amenities.
Dallas
Dallas Town Centre is a new development located on Dallas Drive. This development is a mix of commercial and residential. Condominium units range in size from one bedroom, one bathroom to larger three bedroom, two bathroom units. These units are complete and ready for occupants.
Hidden Trails at Mount Dufferin is the newest subdivision in the Dufferin area. It is located at the end of Pacific way and is bordered by Kenna Cartwright park. There are numerous single family homes, lots (4 phases) and two multi-family developments. Rockress Drive is Phase 2 of this development and services are in for the new homes that will soon sit on these lots. There are a number of homes already built on Rocress Drive and more are being built monthly.
Orabella (1395 Prairie Rose Drive) is a luxury townhouse development in the Hidden Trails area of Dufferin. These are not entry level townhouses in terms of price, they are higher end homes and range in size. These units are surrounded by parkland, feature modern design and functional floor plans. Construction began on these units in 2015/2016.
To view all homes and properties for sale in Brock, Campbell Creek, Dallas, Dufferin & Southgate click here.
Juniper Heights
Canyon Gate (1951 Qu’appelle Blvd) is one of the newest multi-family townhouse development in Juniper with construction beginning in late 2017. This development features homes that range in size from 2 to 3 bedrooms, single car garages and low maintenance living.
Coldwater Terrace (1939 Coldwater Dr) is a private bare land strata development nestled against the hillside in Juniper Heights. It is located in the West end of Juniper Heights and features single detached homes and duplex style homes. There are both rancher style homes and basement entry. Each home has a two car garage, 9 foot ceilings on both the main and basement levels and is fully landscaped.
The Juniper Benchlands area is located at the eastern portion of Juniper Heights. Many homes have breathtaking views that stretch as far as Kamloops Lake. There are a number of new homes built in this area as well as lots ready for development. This area is predominantly a single family detached development with larger, executive homes typically over 3,500 square feet in size. The newest streets in this area are Similkameen Place, Birkenhead Drive and Place, Cheakamus Drive and Place and Kicking Horse Drive.
Juniper West is located to the west of Highland Drive. Juniper West sits on the western portion of Juniper Heights and boasts beautiful views of the valley below. The newest stretch of Juniper West is along Coldwater Drive that was recently extended westward towards Rose Hill. There are also building lots on Galore Crescent. Many new, pre-existing homes that have been built over the past couple years are located on Stikine Street and Kechika Drive and Kechika Court. New, two storey duplexes are located on Highland Court. These homes are situated near the new commercial area of Juniper.
Silverwood Pointe (1993 Qu’appelle Blvd) is a townhouse development in the Juniper West area with basement entry, two storey and rancher style units. This development begun construction in 2015 and completed in 2018. Silverwood is located walking distance to the Juniper Ridge store, transportation, Kamloops Bike Ranch, park space and hiking trails. Juniper Ridge Elementary school is a short drive or 15 to 20 minute walk.
Golden Vista Suites (375 Cherry Ave) is a Seniors orientated development in North Kamloops. There are 46 freehold strata units in this development. There is a choice of studio and one bedroom apartment style living and there is also a common room and patio for socializing. There is a bonus of 55% reduction in property taxes for 10 years from the City of Kamloops. These units were built in 2010.
Library Square (689 Tranquille Rd) is a three phase strata condominium residences above the new North Kamloops Library and commercial complex. This new development is conveniently located between the North Hills Shopping Centre, the new Holiday Inn and Cottonwoods community centre. Each unit has a spacious maple kitchen, in-suite laundry, storage locker, a large balcony and underground secure parking. Currently Library Square is selling phase three. This complex is in a great location close to numerous amenities.
Copperhead Corner (1711 Copperhead Dr) is Pineview’s newest townhouse development. These homes are located on the corner of Copperhead Drive and Hugh Allan Drive. These homes are a two storey design with the garage under the main floor. Each unit comes with a single car garage, two bedrooms and two and a half bathrooms. Located within steps of walking trails, the park and transportation. All units have been sold in this development but will come up for resale.
The Landing (1850 Hugh Allan Drive) is a bare land strata development located on the corner of Hugh Allan Drive and Copperhead Drive in Pineview. This development began development in 2014 and completed sales in 2017.
Creston House: The Reach (885 University Drive) is the newest multi-family development in the Thompson Rivers University area. The Reach is a master planned community that will reconstruct 90 acres of TRU endowment lands into space that will house 7,500 residents over the next 20 years.
Landmark One, Landmark Two & Landmark Place (McGill Rd) is conveniently located across the street from the Thompsons Rivers University on McGill Street near Summit Drive in Southgate. The first phase is complete and features a four storey, 32,800 square foot building development. This development also includes about 9,000 square feet of retail space. Landmark Two is an extension of the first development and features 38 one and two bedroom units. The units range in size from 935 square feet to 1,400 square feet. Landmark Place is the highest of the condo towers and was completed in 2017/2018.
Mesa Estates at Sedona Pines development is on Azure Place, located in Upper Sahali. Homes here have stunning northern views of the mountains and valley below. This is a bare land strata development and consists of single family homes that are over 2,500 square feet.
Monarch Drive development is located between Springhill Drive and McKinnley Court. This new development consists of primarily single family homes. There are lots ready for development and new homes at various stages of completion.
Summit Pointe (1405 Springhill Drive) is a new condominium development on the corner of Springhill Drive and Summit Drive. The units in this development feature geothermal heating and cooling, excel custom kitchens, granite counter tops, six appliances and a common fitness facility. The units have beautiful northern views. There is also secure, underground parking. These units were built in 2009.
To view all homes and properties for sale in Juniper Ridge, North Kamloops, Pineview and Sahali click here.
South Kamloops
Guerin Creek is a new high end development in South Kamloops just off of Summit Drive. Many of the homes have high end finishing and appliances. Current homes in Guerin Creek are two level designs with a basement. The lot sizes do vary. Many of these homes have amazing views of the Thompson River Valley looking north.
Hudsons Ridge is a single family development north of Thompson Rivers University and west of Summit Drive. Hudson’s Ridge features larger single family homes with gorgeous river and valley views. Edgehill Place is the first street that was developed in Hudson’s Ridge.
The Mosaic is located in the heart of South Kamloops. These units are built with high end materials such as hard wood floors, heated tile and custom kitchens. Features on demand hot water and stainless steel appliances. There is also secure underground parking and private entrances.
Arbutus Estates Villas have unobstructed views of the South Thompson River. Each unit features high end finishing such as hardwood flooring, granite counters and ceramic tile. There is a double garage and a security system. Each unit has over 1,200 square feet on the main floor with the same square footage in the basement.
The Mission Hill (975 Victoria St W) development is located on the south side of the Thompson river overlooking Victoria Street West and is west of the Overlander bridge. There is a choice of one, two and two bedroom plus den units with a gourmet kitchen and a large balcony perfect for entertaining. The development will feature walking paths, gathering spaces and lighting features. This development is located within walking distance of the Thompsons Rivers University and very close to the Kamloops downtown core.
The Royal Residence (315 St Paul Street) is one of the newest condo developments in Downtown Kamloops. These 1 and 2 bed homes each come with a Den, Deck and Parking stall. These units have easy access to all downtown amenities including restaurants, shopping, professional offices, banking, the Farmer’s Market, Sandman centre & Riverside park.
Sanoa Villas (370 9th Avenue) is located steps from Sagebrush Theatre, all levels of schooling for the kids and in a great neighbourhood. This multi-family townhouse development is in a very highly sought after area of Kamloops. There is a choice of 2 or 3 bedroom units and each home has a single car garage. These homes are located walking distance to many downtown amenities, farmers market and transportation.
Sienna Ridge (641 Shuswap Road E) is located 1 minute east of Sun Rivers on the shores of the South Thompson River and five minutes from Downtown Kamloops. This community features rancher style homes with two bedrooms on the main level including the master bedroom with full ensuite and walk in closet. There is an open great room floor plan with high ceilings and lots of windows for natural light. There are many gorgeous upgrades in each home with quartz counter tops throughout the main floor not only in the kitchen but also the bathrooms. Each property features all appliances and window coverings. Other features include main floor laundry with a dedicated laundry room, not a laundry closet! There is a two car garage and a full sized driveway to park those oversized pick up trucks. this development also has on site RV parking! Perfect for the lock and go lifestyle. All yard maintenance and landscaping included with the HOA fees. Click here to learn more.
Sun Rivers
Belmonte(512 Belmonte Dr) is a new Townhouse development located above the 10th fairway in Sun Rivers. These garden style townhomes are executive style with a ‘taste of Tuscany’. These homes are south facing and come in a variety of floor plans.
Golf Ridge Townhomes are low maintenance living where owners can lock up and go. These executive homes are are complete and ready for new owners. They feature granite countertops, stainless steel appliances, hardwood floors and crown mouldings.
Ironwood which is now selling (Phase I was sold out and they are currently selling Phase II), is bordered by natural areas on the west side of the development and Stoneridge Adult community on the east. Many of the homes sit on 6,500 to 12,000 square foot lots and are built in an “Old World” architectural style like an English country neighbourhood.
The Pointe, which is now selling lots, consists of unobstructed view lots with contemporary modern architecture. This is an adult orientated development. Located close to the Talasa development, the Pointe is in a great location with easy access.
Rio Vista (Rio Vista Place) is Sun River’s newest multi-family adult oriented development featuring single family detached homes. Each home comes fully landscaped and a number of homes feature gorgeous views of the river and valley. This development is for those looking for a lock and go lifestyle! Sit back and enjoy.
Talasa: There are three stages of the Talasa residential condominiums. Each building consists of four storeys. The units have stainless steel appliances, granite counter tops, walnut and charcoal themed flooring and luxurious contemporary accents throughout. Talasa units have geothermic heating and cooling systems and use sustainable materials and eco-sensitive initiatives. The Talasa development includes a shopping and restaurant development, exercise facilities and a residents club (phase 4). Phase 3 is complete.
Visao lots are located at the east end of Sun Rivers. They feature large executive lots with beautiful views of the valley and golf course. There are homes for sale currently in Visao in various stages of construction.
To view all homes and properties for sale in South Kamloops, South Thompson Valley and Sun Rivers click here.
Valleyview
Courtland Park is located in the Orchards walk development on Valleyview Drive. These units are built green. The units have 3 bedrooms, 2.5 bathrooms, 9 foot ceilings and two car tandem garages. There are no age restrictions, pets and rentals are allowed in this development.
Orchards Walk is a bare land strata development located on Valleyview Drive. Orchards Walk consists of a number of single family homes that have small private yards. Homes range in size from two bedroom, two bathroom homes to much larger.
Beachmount Estates located on Bank Road is a new single family development bordering the North Thompson River. Currently the site of “The Mansion” Beachmount Estates offers 34 building lots in phase 1 that are available for purchase. There are also a number of homes that are in the finishing stages and will be ready for occupancy in the next few months. Many homes have beautiful views of the river and easy access to the park and walking trails. This new development is located in the heart of Westsyde and is close to schools, transit and shopping.
Copperwood Estates (3031 Westsyde Rd) is a new development located on Westsyde Road. This bare land strata development consists of rancher style duplex homes and two storey duplexes. The ranchers have unfinished basements and over 1,000 square feet on the main floor and the two storey designs have over 1,500 square feet on two floors and no basement. Each home will have a single car garage. This development is sold out so Buyers will only have resale units to consider.
The Estates at Riverbend is a single family home development that sits above Westsyde Road minutes south of Westmount. Grasslands Boulevard is the main road that meets Westsyde Road. There are plans to eventually hook up Grasslands Boulevard in Batchelor Heights with Riverbend. The properties in this development have nice river views and are set against the Lac Du Bois Grasslands Park.
Rockliffe at Ida Lane is a bare land strata development near the Dunes golf course in Westsyde. This development mainly consists of larger single family homes. The homes have nice south east views of the city and hills.
Stansfield Road, Hayward Place and Bank Road are the site of the newest Westsyde development. There are a number of serviced building lots ready for new homes. The lots range in size from just over 4,000 square feet to over 7,000 square feet in size. They are located close to transportation, schools, parks and shopping.
Westlinks at the Dunes is a bare land strata development with fully detached homes that sit along the 5th fairway of the Dunes golf course. There is a combination of rancher style homes and two storey layouts. Homes range in size. There are also lots ready for development.
There are many stratas in Kamloops that cater to adults. The adult oriented complexes and gated communities included below don’t necessarily have specific age restrictions but are geared towards adult living. I have compiled a list of stratas on the South Shore that are Adult Oriented. To view the 45+ Adult and Seniors complexes click here. The stratas discussed only include those that are available for sale, no co-ops or government facilities are included in this list. The areas included are Aberdeen, Dallas, Dufferin, Pineview, Sahali, South Kamloops including Downtown and Valleyview.
Aberdeen
Aberdeen Estates @ 1055 Aberdeen Drive. This townhouse development has large open units, high end finishings and 2 car garages. Located on the corner of Aberdeen Drive and Pacific Way, Aberdeen Estates is steps to transportation and close to many amenities. These units were built between 2004 and 2009. Pets are allowed and rentals are restricted at this development.
Braeview Place @ 1950 Braeview Place. This adult oriented development contains townhouse units with multiple levels. Units are commonly 3 bedrooms with 3 bathrooms and have two car garages. Pets and rentals are allowed. This complex is within walking distance of shopping, restaurants and transportation. These units were built in the early ’90’s. Many units have seen significant renovations over the recent years.
Dunraven @ 2030 Van Horne Drive. This adult oriented gated development has detached homes on small, low maintenance lots. Many homes are two levels and often basement entry or bungalow style. This popular strata is minutes from all amenities. These homes were built in the late 1980’s and early 1990’s depending on the unit location in the complex.
Fairway Gardens @ 2290 Garymede Drive. This townhouse strata is designated a 19+ strata. The units are bungalow style homes. Each home has a 2 car garage, deck and private yard. Pets are allowed with restrictions. This complex is close to the Aberdeen amenities, transportation and local walking trails. These homes were built in the late 1980’s to early 1990’s.
Highland Gate @ 2365 Abbeyglen Way. This adult oriented townhouse development consists of executive style town homes with 3 levels of living space. All units have 2 car garages and 3 or more bedrooms. These townhouses are a two-storey design with bedrooms above the main floor living. These homes are larger townhomes with typically over 2,500 square feet of space. There are a number of units located along the ridge which have sprawling city and river valley views. Pets are allowed. This development was built between 1997 and a later phase completing in 2009. Located steps to transportation and minutes drive from shopping.
Pacific Ridge Estates @2160 Pacific Way. This adult oriented gated community consists of rancher style semi-attached homes with full basements. Each unit comes with a 2 car garage. Owners enjoy a lock and go lifestyle with all landscaping taken care of by the strata. This is one of Aberdeen’s newer developments, construction began in 2015.
Ravenwood @ 2022 Pacific Way. This adult oriented townhouse development has two car garages, and living space on two floors. Most units are bungalow style with a full basement. Pets and rentals are allowed. These homes were built between 1995 and 1997. There are 113 units total in this development. These homes are located close to transportation and minutes from shopping.
The Villas @ 2171 Van Horne Drive
This is one of Aberdeen’s newest developments, construction beginning in 2015. All phases of the development are complete with a second phase that began in 2017/2018. This development consists of semi-attached two storey, basement entry and one level units all with enclosed garages. They are located close to transportation and Aberdeen amenities.
Van Horne Terrace @ 2020 Van Horne Drive. This adult only gated development has detached homes on small, low maintenance lots. There are both bungalows and basement entry style homes with two car garages. This complex was completed in the early 1990’s and consists of 22 units total.
Sierra Vista Estates @ 2080 Pacific Way. This adult oriented bare land strata development is located close to transportation and shopping. Each unit in this strata is detached home typically with a two car garage and small yard space. These homes were built in the late 1990’s and early 2000’s.
Click hereto search for available properties in Aberdeen.
Dufferin
Brigadoon @ 1750 Pacific Way. This gated adult oriented community is steps from restaurants and shopping. Units typically have two bedrooms on the main floor and are bungalow style homes. There are some units that have stairs to the entry or from the entry to the main floor. Each unit has a two car enclosed garage. Pets are allowed in this complex. This development was built in the late 80’s and early 90’s.
Hillside Lofts @ 1390 Hillside Drive. These executive style condominium units are equipped with underground parking, granite counter tops, open concept living and admittance intercom. This development has underground parking and storage. Centrally located and seconds from shopping with Aberdeen mall virtually across the street and transportation. Rentals are allowed. This building was built in 2007 through to 2008.
Orabella @ 1390 Prairie Rose Drive. This higher end townhouse development appeals to adults. The homes have multiple levels so they bring in empty nesters who still need the living space but not the yard maintenance. Construction began on these units in 2015 and they will be nearing completion in 2018.
Click here to search for available properties in Dufferin.
Juniper Heights
Juniper Court @ 2526 Nechako Drive. This adult oriented complex is located in the beautiful area known as Juniper Heights or Juniper Ridge. These units have valley and river views. Pets are allowed in this complex. These homes were built in the early and mid 1990’s. Juniper is serviced by local bus service and there is a small general store and deli.
Click here to search for available properties in Juniper Heights.
Pineview
1951 Lodgepole Drive. This is an adult oriented bare land strata with detached homes. Each home has a small private yard, single car garage and extra parking. Most homes are 2 bedrooms without basements. The units in this development range in age. Most of the homes in this development sit a concrete slab foundation and consist of one or two car garages.
Click here to search for available properties in Pineview.
Sahali
Bonavista Estates @ 1580 Springhill Drive. This adult oriented development has bungalow style homes with two car garages and over 1,000 square feet of living space on the main floor. One pet allowed and no rentals are permitted in this development. These homes were built in the early 1990’s and a lot of the units have lovely city and river views. Transportation is located very close by and shopping a short few minutes drive.
Crestview Heights @ 1575 Springhill Drive. This is an adult oriented bare land gated strata development. Units have two car garages, are fully detached units and have full basements. Small pets are allowed in this complex. The homes in this development all have yards but most of the landscaping is taken care of by the strata. These homes were built between 1994 and 1997.
Loma Bella & Terra Vista @ 875 Sahali Terrace. This adult oriented development has high end, executive townhouses ranging in size from two to three bedrooms. Rentals and pets are allowed. This complex is located a couple blocks from Royal Inland Hospital, downtown shopping, transportation and a lot of city amenities. Units were built in the late 1990’s to mid 2000’s.
Pine Ridge Estates @ 1795 Summit Drive. This is a 16+ adult oriented townhouse development. Homes have a single car garage, private patios over 2,000 square feet of living space. These homes are multi-level, two storey homes. Pets are allowed. Units in this complex were built in the early 1980’s. Each home has a beautiful river and valley view.
Sahali Estates @ 137 McGill Road. This adult oriented strata development had units ranging in size from two to three bedrooms. Some of the units in this building have amazing river and valley views. There is a tennis court, RV parking, community garden and pets are allowed. This development is located in lower Sahali and is minutes from many shopping centres, professional offices and transporation.
Wedgewoods @ 1555 Summit Drive. Adult 12+ complex. Each unit is a two storey design with a basement and covered parking for one vehicle. Wedgewoods is minutes from all amenities and is steps from local transportation. Pets allowed and no rentals. These homes were built in the early to mid 1970’s.
Click here to search for properties available in Sahali.
South Kamloops/Downtown
Arbutus Estates @ 15 & 45 Hudsons Bay Trail. This gated adult oriented development consists of executive townhouses ranging in size from 2 to 4 bedrooms with beautiful views. There is an outdoor pool, exercise centre, clubhouse and recreation facility. Homes have 2 or 3 car garages. Pets are allowed. These homes have all been built at different times and different phases ranging from the 1990’s to the latest phase completing in 2013.
The Dorchester @ 370 Battle Street. Luxury living in the Downtown core. Geothermal heating and cooling, Heated tile, granite counter tops and 9 foot ceilings. Secure underground parking with extra parking. This development began construction in 2006 and completed in 2009. These properties are within walking distance from all Downtown amenities, shopping and transportation.
Elm Tree Place @ 423 1st Avenue. This is an adult oriented 12 unit townhouse development. Lots of privacy in a great location within walking distance of the downtown amenities, transportation, shopping and many professional offices. This complex was built in the later 1970’s and does not have any covered secure parking.
Executive Manor @ 1089 McMurdo Drive. This is a 16+ complex located close to the Sagebrush Theatre in South Kamloops. Units have in-suite laundry. There are no pets or rentals allowed. This building was constructed in the mid 1970’s. There is not any secure underground parking but there is parking for unit owners. There are a number of hiking trails nearby at Peterson Creek Park as well as all Downtown Amentities.
Monarch Place @ 683Victoria Street. This adult oriented building has an elevator, secure parking, storage locker and an admittance intercom. The units range in size from one to two bedrooms and have in suite laundry. This building was constructed in 1994 and a number of units have had significant renovations since it was built.
Park Place @ 900, 950 & 970 Lorne Street. This adult oriented building has indoor pool, hot tub and exercise room. There are both condominium units ranging in size. There are one to three bedroom condos and multi-level town houses with two car garages. There is secure underground parking for the condo units. This development also has a community room with outdoor patio and a marina for your boat. This development was started in the late 1990’s and completed in the early 2000’s.
Plaza Suites @ 490 Lorne Street. These units are adult oriented condos. There is an admittance intercom, underground secure parking, secure storage and an elevator. These homes are located close to Riverside Park, transportation and downtown amenities. This condo building was constructed in 1999 and consists of 58 units.
Plaza Suites @ the Station @ 510 Lorne Street. This adult oriented condominium development is located close to riverside park, shopping and restaurants. There is secure parking, storage lockers and an elevator. Many units have beautiful river views. This is one of the newer complexes on Lorne Street and was completed in the late 1990’s to 2000.
Victoria Landing @ 619 Victoria Street. This adult oriented building is a concrete condominium with units ranging in size from one bedroom to a much larger two bedroom and den units. There is secure underground parking, elevator, secure storage and admittance intercom. This condo building was completed in 1999 and consists of 54 units total in the development. Downtown amenities are all within walking distance of this property.
Wellington Place @ 1085 12th Avenue. This is an adult oriented building with an indoor pool, sauna, games room and elevator. Many condos have in-suite laundry and underground secure parking. This condo building was constructed in the later 1970’s and many units have seen significant upgrades and updates.
Click here to search for properties available in South Kamloops and Downtown.
Sun Rivers
Belmonte Gardens is an attached home owners association development that was built in multiple phases between 2013 and 2018. These units range in size and design. There are level entry units with basements and two storey designed homes with 3 levels of living space. Belmonte sits on a few streets Belmonte Ave, Court, Drive, Street, Terrace and Way. There are 89 units total in this development. All landscaping is taken care of by the HOA. Pets are allowed with restrictions and there are not any rental restrictions in this complex.
Golf Ridge is located steps to the local Sun Rivers restaurant and golf course. This community features 45 units and was built between 2008 and 2014. Golf ridge consists of two types of homes, a level entry home with basement and a walk up style home. This complex features a dipping pool and community space. Pets are allowed with restrictions and rentals are not permitted. All landscaping is taken care of by the HOA.
Irongate @ 1900 Irongate Place was built between 2008 and 2016 and features level entry rancher style homes. Some homes have basements while others are bungalow style on slab. These homes are all detached and feature 2 car garages. There are 38 units total in this development. The HOA takes care of all the landscaping so it is easy living and a lock and go lifestyle for residents.
Rio Vista is one of the newest developments in Sun Rivers and is located near the top ridge of the development featuring beautiful views from a number of units. There are 58 units total in this development and were built between 2017 and 2022. This HOA operates a lot like a bare land strata however the owners enjoy that all of the landscaping is taken care of by the development. Pets are permitted with restrictions and rentals are allowed.
Rosewood is a tuscan styled development built between 2005 and 2007. It features detached rancher style homes with and without basements. This development is located on the furthest west point of Sun Rivers and a number of homes feature beautiful views. The landscaping is all taken care of at this development for the owners. There are 59 units total, rentals are not permitted and pets are with restrictions.
Sagewood is seconds from the main entry to the Sun Rivers development and is one of the earlier developments in the area. Units were built between 1998 and 2005 and the development consists of all level entry ranchers with and without basements. Some of the units back on to the golf course and have beautiful views. The development itself is a lock and go lifestyle where the HOA takes care of all the landscaping. There is a community center on site with guest suite, exercise and games room.
Stoneridge was developed between 2006 and 2013. The homes in this HOA range in size from smaller bungalow style homes without basements (on slab) to two level rancher homes with full basements and lots of living space. The HOA takes care of all the landscaping for this development. It is located at the far east side of Sun Rivers and some units back on to the Golf Course.
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South Thompson Valley
Sienna Ridge @ 641 Shuswap Road East. This is a newer development started in 2017 that is fully gated and is adult oriented community. Each home is fully detached with a double garage and level entry. The homes feature full basements that some residents finish while others leave as unfinished storage. Each unit has a yard space. There is on site RV parking at this development. Click here to view more info about this property.
Valleyview
Meadowlark Terrace @ 1651 Valleyview Drive. This is an adult oriented bare land strata development. There is an indoor pool, meeting room and RV parking. Each home in this development is detached and is on a low maintenance lot. Owners are responsible for their own landscaping in this development. Most homes are level entry ranchers but there are a number of homes that have multiple levels.
Valleyview Gardens @ 2169 Flamingo Road. This is a adult oriented 55+ strata condo development. This complex has a community room, in suite laundry and secure underground parking. A number of shops and a Save-on-foods is located steps from this complex.
If you are looking for stratas that cater to 45+ adults click here.
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Kamloops has a number of 45+ adult and seniors living complexes and gated communities. Most Seniors living is comprised of apartment or condominium living although there are a couple of townhouse developments, bare land developments (detached units) and mobile home parks dedicated to the 45+ age group. Here is a list of complexes that specialize in 45+ through to 55+ living in Kamloops.
Brocklehurst
Desmond Manor: 840 Desmond Street: This seniors orientated townhouse development is located with in minutes of shopping and transportation. Each unit is self contained with a parking stall out front. Pets are allowed in this complex. Most units are two bedrooms and one bathroom with over 1,000 square feet of living space on one level. This is a smaller strata with only 7 units in total.
Orchard Court: 860 Nicolani Drive: This seniors orientated complex is located in a nice area of Brocklehurst. It is close to transportation, shopping and McArthur Island. There is an admittance intercom, elevator, community room and secure parking. Included with each unit is a enclosed garage or carport. The strata fees include digital cable. There is a rental restriction and one cat or one dog is allowed.
To view all the homes for sale in the Brock areaclick here.
Downtown/South Kamloops
Ashley Court: 338 Nicola Street: This sought after complex is centrally located. There is an admittance intercom, secure parking, an elevator, community room and is suitable for the disabled. There are no rentals or pets allowed in this complex. Units in this building consist of one bedroom, one bathroom to the larger two bedroom two bathroom. This strata is located two blocks from the hospital and minutes to all downtown amenities and professional offices.
Desert Gardens: 554 Seymour Street: This very popular complex has a seniors’ community centre that holds daily activities and clubs. The complex also features secure parking, an elevator and is suitable for the disabled. Units range in size from a one bedroom with one bathroom, to a larger two bedroom and a den with two bathroom unit. Pets are allowed with restrictions.
Manor House: 360 Battle Street: This 55+ Seniors orientated complex is in a great location, walking distance to numerous down town activities including the YMCA/YWCA. There is secure parking, admittance intercom and an elevator. There is also a community room for activities. The units in this complex range in size from a one bedroom, one bathroom to three bedroom two bathroom units. There are no pets or rentals are allowed in this complex.
Windsor Apartments: 411 Nicola Street: This seniors complex is close to all downtown amenities. There is secure parking, an elevator, a fitness facility, a sauna, a whirlpool and admittance intercom. Units range in size from one bedroom, one bathroom to two bedrooms and two bathrooms. There are no rentals or pets allowed in this complex.
To view all the homes for sale in this areaclick here.
North Kamloops
Golden Vista Suites: 375 Cherry Avenue: This is a newer seniors development in North Kamloops close to shopping, medical clinics and transportation. This 46 unit strata consists of modern studio and one bedroom suites. There is a common community room and patio in this complex for the residents to enjoy as well as admittance intercom and elevator. This condo development is located only a 5-10 minute drive from downtown Kamloops and the hospital.
The Willows: 120 Vernon Avenue: This complex is located very close to shopping, transportation and medical clinics. Units range in size from one bedroom to two bedrooms and include storage lockers. Pets are allowed with restrictions. This complex has an admittance intercom and an elevator. The Willows rarely come up for sale on MLS, they are often handled in house or through private sales.
Riverdale Mobile Home Park: North Kamloops: This is a popular 55+ park for seniors. Close to downtown, transportation, walking trails and shopping. All units are detached mobile homes on a rental pad. This park does not allow pets or rentals.
To view all the homes for sale in these areasclick here.
Valleyview
Curlew Gardens: 1975 Curlew Road: This seniors 55+ townhouse development is centrally located in Valleyview. Each unit has an open design with two bedrooms and two bathrooms on the main floor with nearly 1,200 square feet of living space and a full basement. There is also an enclosed single garage. There are no pets and restricted rentals are allowed in this complex. The complex has limited RV parking. Located only a few minutes drive to both the Valleyview shopping district and Downtown amenities.
Valleyview Place: 2169 Flamingo Drive: This centrally located Valleyview complex is within walking distance of shopping and transportation. There is an admittance intercom, elevator, extra storage and secure parking. The units range in size from one bedroom, one bathroom to a larger three bedroom two bathroom layout. There are rental and pet restrictions in this complex. This complex is located steps from Save-on-foods, Shoppers Drug Mart and a number of other shopping and professional offices.
To view all the homes for sale in the Valleyview areaclick here.
South Thompson Valley
Sienna Ridge @ 641 Shuswap Road East. This is a newer development started in 2017 that is fully gated and is adult oriented community. Each home is fully detached with a double garage and level entry. The homes feature full basements that some residents finish while others leave unfinished storage. Each unit has a yard space. There is on site RV parking at this development. Click here to view more info about this property.
Westsyde
Oakdale Mobile Home Park: 2400 Oakdale Way: This park is split into two sections, the family section and seniors 55+ section. The Oakdale Park is very well maintained sought after park. It is situated close to the rivers trail and transportation. Homes in this park range in size from smaller single wide modular homes to larger double wide homes. Each home is on a small piece of property and usually has some private yard space.
To view all the homes for sale in the Kamloops areaclick here.
Here is a list of all the areas of Kamloops that have new residential housing developments. These developments consist of multi-family condominiums, townhouses, duplex units, bare land strata developments and single family homes. To view all home listings and properties for sale in Kamloops