The weak dollar is reshaping how capital moves across the country.
Kamloops has done the groundwork to capture it.
The numbers are already in motion. Canadians represented 13% of all foreign U.S. property purchases in 2024, concentrated in Florida and Arizona. Many are now reversing that trend.
The weakened Canadian dollar has triggered a shift in how Canadians are allocating capital. Snowbirds are selling their second homes south of the border and reinvesting domestically (CBRE Iconic Attraction Study, 2025). At the same time, the weak dollar is making Canada more attractive to international visitors. CBRE forecasts that overseas visits to Kamloops will increase from 6% to 9% of total visitation between 2022 and 2024, while Canadian cross-border travel has dropped sharply.
Kamloops is prepared for this moment. Three shovel-ready concepts have cleared CBRE feasibility analysis: an Iconic Tower & Adventure Park, a Skywalk over Hoodoos, and a Nordic Spa. Each project is aligned with Destination BC’s Iconic Routes strategy, fills a verified market gap, and is positioned to capture both the surge in international tourism and the domestic capital looking for high-return alternatives to cross-border real estate.
Kamloops is Canada’s third-fastest-growing city, sits at the nexus of two provincial touring routes, and has already secured investor look books, site analysis, and projected returns. The city is offering development incentives, expedited permitting, and serviced land to qualified partners.
The weak dollar is reshaping how capital moves across the country. Kamloops has done the groundwork to capture it.
Photo credit: Stevie Froese