From a rental property perspective Kamloops has been a favorite for a lot of investors from abroad because of it is good fundamentals: the city is considered a transportation hub with easy access to the lower mainland, it has a diverse economy with some good paying jobs and lots of lower paying jobs (these lower paying jobs help keep renters from entering the real estate market), a warm climate with not much rain, lots of outdoor attractions, and growing post secondary school. If you are an investor you should consider the Northshore specifically when you are looking for a property to invest.
The Kamloops Northshore is an attractive area for lots of investors because of the relatively lower purchase prices of homes, and competitive rental rates in this area plus as a bonus there is a lot more room for parking from renters.
The Northshore has got some great fundamentals. From a community perspective, there are great walking trails, shopping centers, and shops/stores. Crime rates in Kamloops are pretty evenly spread over the city. From a house appreciation perspective the Northshore has performed just as well as any other area of Kamloops and there is further upside with the Northshore because of the attention it is gets from City Council to make general improvements. Already there has been improvements in the form of spirit squares, bus terminals, and sidewalks. The Northshore is also got a decent amount of large lots that area zoned to allow a legal suite. The Northshore has got some great schools with Norkam Secondary leading the way with its new trades program, and college advanced programs. It is these conveniences and attractions that hopefully translates into above average tenant duration. Add it all up and it is not surprising that lots of investors are interested in this area of town.
My name is Andrew Thompson and I am a Kamloops Realtor(R) that helps buyers and sellers come out ahead investing in real estate in the Kamloops and area. If you have any questions about Kamloops and area homes, mls listings please feel free to contact me. If you are looking for Kamloops mls listings follow the link below: http://www.century21.ca/andrew.thompson/SEARCH_ALL_MLS_LISTINGS