Edmonton, AB Real Estate News

By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
My statement from Mackenzie Financial Corporation came today no big shocks or surprises this time but I did get a little pleasure from a link on the Mackenzie site. Burn Rate shows how Canadians are burning through their hard earned post-tax dollars.  The Denialers "a family of four that spends like fourteen" who are "experts at convincing themselves that their financial affairs are in fantastic shape"  are indicative of how many families sometimes have everything - except a financial plan. It's a good link to spend to someone who may need need a little nudge to think about their finances. Don't miss the Burn Rater Spending Test that will tell you how much of an over spender you are.
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Due to high demand, limited supply and increasing rents Edmonton office space is in hot demand.Prices by the square foot have increased 76% since the beginning of last year. "Overall, office vacancy has reached historical lows, with unprecedented rental rates being achieved in both the downtown core and suburban office markets," says Canadian real estate services company DTZ Barnicke. READ MORE
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
  Bestselling author of Real Estate Investing in Canada: Creating Wealth with the ACRE System, 97 Tips for Canadian Real Estate Investors and 51 Success Stories from Canadian Real Estate Investors  spoke with The Edmonton Journal to warn investors of falling for hype, thinking short-term and not looking "Behind the curtain" when investing in real estate.He explained what we can look forward to in the Albertan market,"Edmonton's housing prices, which fell 11.7 per cent during the last half of 2007, will dip again this spring, then rebound during the second half and be up 11 per cent on average during 2008. Calgary prices will be up 12 per cent, Red Deer 10 per cent and Grande Prairie 11 or 12 per cent."why you should only line up for U2 concerts not properties,"When you line up around a...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
RBC's latest provincial forecasts: "Alberta leads all provinces with above-average economic growth, followed by Saskatchewan and Nova Scotia. On the opposite end of the scale, and showing a complete turnabout with its mega-projects now in maturation, Newfoundland and Labrador is posting the slowest economic growth rate of 0.5 per cent, and on its heels is P.E.I., as well as Quebec and Ontario with its manufacturing woes. However, a more bullish outlook is in store by the end of this decade for Newfoundland and Labrador, New Brunswick, Nova Scotia and, in particular, Saskatchewan, where there is a possibility for a triple play of diamond mining, rich uranium deposits and a massive oil strike in the southeastern part of the province." Get Your Copy Of Report Here If you still think Albert...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
 Ask any Realtor and they'll tell you that winter is a time to prepare for the next year. Plant the seeds on the sales they plan to make in the spring because real estate comes to a near grinding halt over the winter months. But not this year. Royal Lepage Real Estate Services reports that the last quarter of 2007 saw the Canadian market slowing down only a little rather than the full on braking that has come to be expected in last quarter. Edmonton can expect a moderation and balancing of prices and that is ok by me because I'm looking to significantly increase our investment portfolio and overpriced homes need not apply. "In Alberta, where Edmonton’s prices were rising at a 50 per cent annualized clip early in 2007, the breakneck rise in recent years "has moderated demand," the Royal ...
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By Keenan Tameling
(Libertas Holding Inc.)
As an Real Estate Investor I find it interesting how many Realtors, many who have an idea of what I am looking for, bring me an MLS listing and say check this out.Is the vender willing to carry a 2nd?  Didn't askDid you ask any questions?  Wanted to see if you were interested first.I'm interested if...the vendor is willing to carry a 2nd mortgage and help me buy the property they want to sell, if they do that I'm into negotiating and exploring the possibilities .  I only have so much time during the day and need Realtors who do more for me than I could for myself on the deal. An analogy might be trying to fire a musket in rapid succession.  You are much more successful if one person is loading and another is firing.  If someone hands me a musket and says all you got to do is aim and fir...
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By Keenan Tameling
(Libertas Holding Inc.)
The history of of Real Estate is an interesting thing to me.  I don't know if anyone knows the information I'm seeking but I'm just curious on a few things.  Is there a book?When did the Mls system start up?  It is an amazing system and what did realtors do without it?When was the first key box used or when was it invested? Stroke of genius.  How much of a realtors time was saved?  Did they past those savings onto the consumer?   Real Estate has gone international for even the first time investor.  Pitches on property in Costa Rica, Belize, Mexico...people working in Korea or Japan investing in Canada.  Your first recreation property could be anything but that little lake cabin 100km away. If any of you out there have some fun facts about the evolution of Realtors, Real Estate, or anyth...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Some of Edmonton's most prestigious office space has increased in value close to 43% over the last year and are projected to shoot up another 8 to 10% next year. Bringing this city's global rank 93 places at $46 per square foot. Even with the incredible jump we are still on the discount side though.Calgary tops Canada's offices with total occupancy costs of $64 per foot. Toronto comes in at $63.35 and $49.98 in Vancouver. The world's most expensive office space is West End London at $326.67 Cdn, trailed by Bombay's $188.22, London City at $179.57, Moscow at $179.55 and Central Tokyo at $177.40.The office space in Edmonton will be getting tighter as more companies expand their bases in Canada.
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
"Cheng and Wong admitted to the panel that they raised approximately $3.5 million from roughly 150 Alberta investors, as part of the development of three real estate projects to be undertaken by Carling Development Inc. and Carling Development (BC) Ltd. None of the projects has been completed." CNW Group"At the height of the gold rush, a gang of con men operated in Skagway under the leadership of Soapy Smith. One of Soapy's best cons involved his "telegraph office." Recent arrivals were greeted by men who offered to send telegrams to their families for only $5. Most people did not look behind the "telegraph office" to notice that the wires ended a few yards out." Postal Museum Just like the Gold Rush in the late 1890`s Alberta's oil boom is bring con - men out of the woodwork. If you ar...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
The Edmonton Transportation Effect a report released by Don R. Campbell shows how real estate price increases due to proximity to transportation can be applied to Edmonton. The results show that homes near new extensions of the LRT and Anthony Henday Drive could see prices rise by 10 to 20 per cent above the Edmonton average over the next three to five years"When people look for a property to purchase, be it their primary residence or an investment property, they take into consideration affordability, commute times and commute costs," Don R. Campbell President of REIN, author and real estate researcherMr. Campbell expects areas like Parkallen, Twin Brooks, Ermineskin, Belgravia, McKernanand Sky Rattler all in Edmonton's South side to see the biggest impact. Wayne Mandryk, Edmonton's man...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Edmonton's market is still is a plateau which means if you are a buyer you can get some incredible deals.  Financing , down payment and terms are all open for  negotiation.  Especially if you are adept at trawling older listings many people want to sell now. "Price increases in both Calgary and Edmonton will be more in line with a balanced market. We've had a huge increase in listings in both of those markets. The big run-up in prices has affected affordability and, with it, the number of people who can qualify to purchase."Gregory Klump, CREA's chief economist Currently  9,753 active listings on the Edmonton market which means you can pick and choose.  This won't last long - CMHC predicts price increases in 2008.
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
What were you afraid of last year? Do you even remember? Yesterday I was driving to a meeting and listening to my newest REIN CD's. REIN is a real estate investment group that focuses on Canadian specific real estate investing led by bestselling author Don R. Campbell.REIN has monthly meetings across Canada but because Todd and I are out of the country so often we get the  meetings on CD sent to us at our Japan office.No matter where you are you have heard of the Alberta Royalties Tax Revision and if you are an investor in Alberta then perhaps you are concerned about what will happen and how it will affect your properties. If you were thinking of investing but the Royalties are holding you back; then you must read on.Don R. Campbell summed it up nicely. People worry every year, day and ...
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By Bryon Howard
(Remax House of Real Estate)
The Real Estate Investment Network, has identified Edmonton as Alberta's Number 1 City to be investing.To complete due diligence in this great city, visit  http://maps.edmonton.ca/It is an interactive city map that provides you extensive information for each neighbourhood in the city.You can access demographics, neighbourhood info and info on the building permit process. You can search for legal addresses and street addresses. I've just learned by spending 5 minutes on this site that a home recently purchased is RF1 (single family). However, the very next home is RF3 (small-scale conversion and infill redevelopment to housing forms containing up to four Dwellings per building).When ready to sell ... in about 2015 ... I will apply for a rezoning permit. RF3 should be worth more than RF1....
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Alberta premier wants provincial trade barriers dropped -"Premier Ed Stelmach says Alberta is feeling the economic pinch from the soaring dollar, so it's time for the premiers to start talking about eliminating trade barriers between provinces..."  " Stelmach says that eliminating this barriers would Stelmach says eliminating such barriers would increase productivity and competitiveness, build a bigger economy and help Canada compete with other trading nations." Hotel tax boosts tourism budget -"With that 23 per cent increase, there will be an increase in attention to Western Canada, with a really a strong focus on Alberta. There will also be a very strong focus on Canadian and American leisure business." "The plan is to continue to attract Albertans, given that a booming economy, highe...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
I am worried about my generation. They didn't want anything and now when they realize, "Hey money is all right!" They are so in debt that they can't get ahead nor can they save for their future. This article is such an eye opener for me, I am so happy that I made the choice to give up new clothes, that cool car and nice furniture for a few years to pay off my student loan and all my credit card debt. I am also happy that I learned to invest and wait, to not let my current appetite steal from my future feast.Facts From OppeinheimerFunds* 62 percent say they live paycheck to paycheck  * 56 percent have an outstanding credit-card balance of $3,000 or more. * 62 percent of women say they have not bought any investment products.* 45 percent of women would buy 30 pairs of shoes before saving ...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Wondering how your area of the country is doing as far as real estate value and investment goes?  The leading real estate analysts at PricewaterhouseCooper have released their annual Emerging Trends in Real Estate 2008 report. Here is how Calgary and Edmonton fare: Canadian Markets to Watch"The report comments on how Canadians like to live and work in central cities, as long as they can afford it. If housing is too pricey in 24-hourneighbourhoods, people move to inner-ring suburbs or beyond and commute back into the cores. Investors, especially the institutions, are concentrated indowntown areas too. Planners and developers focus on infill and more vertical projects, which reinforce the urban cores. The hot-growth energy cities outwest - Calgary and Edmonton - score the highest ratings ...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
 All though the sales are down in the third quarter of 2007 CREA says not to expect a crash because we are still in line for a record year. "The Canadian Real Estate Association, which represents boards across the country, says sales in the third quarter were down 3.2% from the second quarter. However, the second quarter was the best quarterly period ever for housing sales.The third quarter decline was driven by a relatively minor slowdown in Alberta, Ontario and Quebec. British Columbia saw a jump in sales in the third quarter.For the first nine months of the year, there were 419,342 sales across the country, an 8.4% increase from a year earlier. There were 213,547 new listings in the third quarter, the second highest level ever." Read Full Article Click Here
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
What ‘skeletons’ do you have hidden away that may come out to haunt you? Sounds scary doesn’t it? And it could very well be….I was recently negotiating on a fairly large character conversion/reno project for an associate of mine. He had considerable experience with rezoning and land utilization but not so much with actual conversation and restructure of the buildings. He was so ‘pumped up’ about the potential project that I wondered how much in depth research he had conducted, as there seemed to be some sizable obstacles to overcome before getting the project to the final stage.I felt an icy hand on my shoulder and heard a deathly whisper in my ear ‘Do the due diligence now, run the costs and speak with your team, get the written quotes…’ What was going on? The voice was just my ‘friend...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
Hello Friends and Partners,I'm sure you know how important it is to buy during the 'slow time'.And I'm here to prove it to you with this great deal...Check out the details:*1956 Built 4 bedroom home, complete with in-law suite AND double detached garage.*Newly reformed throughout with top-notch touches and design: demands high rent and easy resale.*Listed at $378,000 and we have an accepted offer for $365,000. ($13K off list price and into your pocket!)(Next door is listed at $410K and isn't as nice)*Great mature area of Sherbrooke in West Central Edmonton. Desirable for resale and rapid appreciation (capital gains)*Highly Rentable area near transportation improvments, access to Oil refineries and Downtown.The Deal:*ALL financing FULLY ARRANGED, No need to qualify. You can leverage your...
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By Todd and Danielle Millar, Nineteen years of excellence!
(Glenn Simon Inc.)
For many Canadian cities 2007 was incredible year of real estate price gains. Real Estate markets cooled with the weather and the four biggest Canadian markets have slowed since August. Saskatoon, Calgary and Edmonton all saw big increases over the last year and thanks to the slight cooling in these cities, buyers have a lot more choices to pick and choose from. "Buyers in [Alberta] will likely take more time to shop and remove some of the steam from price increases," CREA chief economist Gregory Klump.This shift to a buyers market is a "long time no see" event in the Edmonton market; CREA records show that the last sellers market was in 1997. Sellers wanting to cash out are flooding the Edmonton market with their "investment" properties, giving investors who know and understand the eco...
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