Category Archives: Economic Fundamentals

Kamloops Q4 Economic Update

by

Kamloops Fourth Quarter of 2015 Economic Update

These articles may seen boring, but money being spent in Kamloops represents GDP growth.  That means jobs, which means people, which means higher home prices and tighter rent markets, GREAT NEWS for landlords like you and me :).

GDP-Graph2

Millions have been earmarked for Kamloops, and shovels are in the ground! As a recap 2015 we have:

Q1: $148M

Q2: $168M

Q3: $310M

Q4: Check out this list of $240M(!!!!!) spent and earmarked in the 4th quarter of 2015.

Continue reading →

Kamloops Q3 Economic Update

by

Kamloops Third Quarter of 2015 Economic Update

These articles may seen boring, but money being spent in Kamloops represents GDP growth.  That means jobs, which means people, which means higher home prices and tighter rent markets, GREAT NEWS for landlords like you and me :).

Millions have been earmarked for Kamloops, and shovels are in the ground! As a recap 2015 we have:

Q1: $148M

Q2: $168M

Q3: Check out this list of $310M(!!!!!) spent and earmarked in the 3rd quarter of 2015.

Continue reading →

Kamloops Q2 2015 Economic Fundamentals

by

Kamloops Second Quarter of 2015 Economic Update

These articles may seen boring, but money being spent in Kamloops represents GDP growth.  That means jobs, which means people, which means higher home prices and tighter rent markets, GREAT NEWS for landlords like you and me :).

Millions have been earmarked for Kamloops, and shovels are in the ground! Check out this list of $168M(!!!!!) spent and earmarked in the 2nd quarter of 2015.

Continue reading →

2014 Economic Highlights

by

There was a ton of Kamloops news in 2014 that relates to Real Estate Investors.  Just a few that point to growth are as follows:

  • $80M Hospital Upgrade
  • Sandman Hotels built in town
  • Record year at airport responsible for over 600 jobs
  • Film industry spent $9M
  • New Casino with 200 jobs announced
  • $190M in building permits, almost a record year and 28% more than 2013
  • Ajax Mine updates
  • Twinning of pipeline
  • TRU added 50 seats for trades.
  • $38.5M waste water plant upgrade among many other infrastructure updates

You can view the full 2014 Kamloops economic year in review here:

It’s in a playlist I created from presentations I did at several meetings: the Real Estate Action Group, Real Estate Network of the Thompson and most recently the Landrush conference.

 

Enjoy!

 

 

Until next time,
Stay S.A.F.E.

Here comes the boom – 2nd highest # of permits in 10 years

by

 

“Strong start to 2015 construction year”

“Multifamily construction boom continues in Kamloops”

When headlines like this start to show up, I know the market is about to take off. I am happy on one hand, however I am disappointed I have not yet bought more.

Ignoring 2008(because this was in part due to easy credit that created the financial crisis), January of this year in Kamloops had the largest amount of residential permits issued(46) in 10 years, valued at the highest dollar amount($7.48M).  Builder are anticipating a strong demand in house prices and are moving to capitalize.

There is however still time to pickup a good cash flowing property.  Older stock residential prices have not skyrocketed yet, and there is a huge opportunity to get a nice capital appreciation before the next jump in house prices.

To learn more, please download the Report on Kamloops for Real Estate Investors at this link.

Until next time, Stay S.A.F.E.
Sam

 

PS

 

There is another mine proposed to be opening nearby. The Harper Creek Mine is undergoing the environmental assessment phase as per this article. This mine will benefit Clearwater as the closest community, but the manufacturers of mining equipment in Kamloops will also benefit from another large mine in close proximity.  Harper Creek Mine is expected to employ over 600 people during construction, and 450 people for the 28 year life of the mine according to this report.

Dec 2014 Economic Fundamentals

by

I detail the coming boom in Kamloops(and why we are in the middle of the Recovery Phase of the real estate cycle) in a recent article you can read here.

I will be publishing economic news here and putting it in context on at least a monthly basis, so if you have not yet subscribed, please do so and keep up to date on the Kamloops markets. You will be glad you did!

 

Invest Kamloops Economic Fundamentals

 

Low Oil Prices a Boon to Kamloops Residents and Transportation Industry– Dec 19: With fuel under $1, both consumers and transportation companies benefit.  Since Kamloops is a transportation hub with many related companies, low oil/gas is actually helpful to many.

Pipeline twinning may have massive impact on housing – Dec 17: 270 workers will be in Kamloops for the duration of the Kinder Morgan pipeline twinning construction, with a peak of 800 possible. This will put a big strain on the hotels/temporary housing and may present an opportunity for landlords to drive already high rents even higher by offering shorter term leases or furnished suites.

 

BC Housing Construction up 10% in October BC is the 2nd fastest growing place for investment in Canada.

 

2015 will see $3.8 million upgrade to Columbia Street – Nov 25  “The project will add turning lanes at 3 Avenue, 4 Avenue, 5 Avenue and 6 Avenue as well as a new raised centre medians. A sidewalk will be added on the south side connecting 3 Avenue and 4 Avenue (in front of the hospital), a bus pullout will be added and traffic and pedestrian signals will be improved. Repaving, street light improvements and enhanced landscaping is also planned. One of the biggest concerns, turning left on 2 Avenue, will be eliminated with the addition of the raised centre medians, which will eliminate left hand turns on or off of the street. All driveways from 3 Avenue to 6 Avenue will also become right-in right-out only.”

 

Kamloops Thompson Rivers University gets lions share of funding43 more student medical training spaces opened, TRU just keeps growing!

 

Kamloops to spend $10M upgrading water supply:  There is a second water intake being planned as a prudent(and needed) redundancy system is being integrated into

 

What some call waste, I call investment The Canadian Federation of Taxpayers is crying foul because Kamloops’ Thompson Rivers University president spent $11,898.89 on airfare to Austria, $9,342.85 on airfare to China, and thousands in airfares from Kamloops to Vancouver. I agree that first class travel may be unnecessary, but if being well rested and comfortable allowed the president to perform well in meetings that will bring more students to Kamloops, this is fine by me! Each student spends at least $1000/mo on rent and food, and over $1400 per course. To qualify as full time(3 course per semester), this equals $8400/yr. One additional student would pay for his expenses($20,400). Since TRU has over 1750 existing international students that represent $35M of revenue for TRU and Kamloops businesses, even spending that money maintaining relationships with host countries would be worthwhile. 1750% return on investment is just good business.

 

 

 

As you read these news articles, try to piece together the big picture for Real Estate Investors and why it matters to you!  Use this REIN GDP Graph to try and see what these headlines mean to the price of housing and rental rates.

GDP Graph

 

If you found this information useful, please subscribe to keep up to date on the Kamloops markets.

 

Until next time,

 

Stay S.A.F.E.

MONEY, Master the Game

by

IMG_6666.PNG

I recently finished 21 hours of a neat audiobook, Tony Robbins’ latest work.

This was a great reminder and summary of most of the books I’ve read about money and prosperity.

In fact, if I could only give my younger self a single book, it would be this one. The dry financial information is nicely sandwiched between abundance, gratitude, and positive thinking.

This book could give you a “paradigm shift” toward accumulating wealth if you get through it with an open mind.

Here is a summary of the key points: “the 7 simple steps to financial freedom”: Continue reading →

Nov 2014 Economic Update

by

I detail the coming boom in Kamloops(and why we are in the middle of the Recovery Phase of the real estate cycle) in a recent article you can read here.

I will be publishing economic news here and putting it in context on at least a monthly basis, so if you have not yet subscribed, please do so and keep up to date on the Kamloops markets. You will be glad you did!

 

Invest Kamloops Economic Fundamentals

 

Canada’s smartest person is from Kamloops

 

Ok this is more for fun than anything, I promise Canada’s smartest person is not me, just click the link above to read all about Kamloops’ newest claim to fame.

Another Pro Business Initiative

Continue reading →