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Updated about 6 years ago on . Most recent reply

User Stats

153
Posts
148
Votes
Jason Ridout
  • Rental Property Investor
  • parksville, bc
148
Votes |
153
Posts

Kitimat anyone? Now's the time.

Jason Ridout
  • Rental Property Investor
  • parksville, bc
Posted

Hi BP people. 

I'm sure you've heard the news about Kitimat getting a $40 Billion LNG plant. They are expecting upwards of 10,000 employees to build the plant over the next 5-7 years. Kitimat currently has 8,000 people. Do the math. 

I'm looking to park capital there. I'm thinking rents are going to almost double, as are property prices. It's going to be Fort Mac all over again. Just make sure you're out before the plant is completed, but even then, they are expecting 950 full time employees. I have some capital, and am willing to be hands on. Maybe someone wants to talk strategies with me? 

If anyone else is interested, let me know. 

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