Title search:

View Archive

New Construction Numbers and Why it Matters to You

by Sam Perren

350 words (1.5 minute read)

Originally Published: 2013-12-07



There has been $88 million in residential construction in Kamloops this year, compared to $74 million at this time last year.

Numbers like this are interesting to know, but what does it mean?


Housing construction is a lagging indicator of real estate demand because of the significant lead time required to build.

Since housing construction is up from last year, this is an encouraging indicator that demand for housing is up.

Housing construction is not up significantly(18% up), but this is a good sign because very high construction numbers signify the end of a boom.

Check out this graphic that illustrates the point:


Source: Kamloops Stats 2008

What is the lesson here?

Don’t wait until the media headlines are bullish to invest!

At that point you will be investing during the peak of the boom or just before, and may have to hold onto your property for a long time [10+ years] to make any money in appreciation.

"– If the media says the economy is booming, they are commonly the last to know."

This is why I am confident that now is the best time to buy in Kamloops. We are at a sweet spot in the market now, where rents are high but prices are flat. There are lots of deals to be found now that cash flow, and a great set up for the appreciation that will inevitably happen in the next five years.

The best part? No one is paying attention!

The purpose of this blog is to help show you this window of opportunity now in Kamloops, and how to get a big head start on your financial goals with a built in equity climb just around the corner.

Until next time,


About the author: Sam Perren has helped dozens of investment partners aquire real estate, representing over $16Million CAD in purchases with rental income of over $100,000/mo. If you'd like access to Sam's "deal of the week" please click here.