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Hello Investors,The Real Estate Investment Network Research Team is proud to announce the release of the comprehensive Study of the Calgary Ring Road & C-Train expansion and how these changes will dramatically affect the prices of real estate in many neighbourhoods.Attached to this posting is the full 20 page report, feel free to download it and use it to increase the returns on your Calgary real estate investments.
Here is the story from the Calgary Herald and below that is a quick news release summary. However, make sure you read the full report as there are many hidden gems in there.
http://www.canada.com/calgaryherald/news/s...bbd&k=52488
News Release
People Living in Key Areas of Calgary Will See
Their Property Values Jump From The Coming Transportation Changes
The Calgary Transportation Effect Research Report reveals the
Impact Transportation Improvements will have on Calgary’s Property Prices
Commutes are now measured in minutes, not kilometers
Calgary, AB — September 18, 2007 — The Real Estate Investment Network (REIN) is pleased to release their latest research report titled The Calgary Transportation Effect detailing the impact of the upcoming transportation improvements on housing in Calgary. The report’s authors estimate the benefit to be in the range of 10%–20% in select neighbourhoods.
Transportation accessibility is one of the eight key fundamentals that drive real estate values up or down. This report focuses on how the completion of the Northern portions of the Ring Road and the expansion of the C-Train into the north east and north west will increase the accessibility to the down town core, which in turn will up the value of real estate that is in close proximity to these transportation improvements.
“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,” said Don Campbell, the report’s lead author and president of the Real Estate Investment Network. “If you can reduce commute and travel times to and from an area, you make that area much more desirable as a place to live and thus increase in demand occurs.”
Their research has found that there are 3 Tiers of Impact that will occur in the Calgary Region:
First Tier, which will witness the most positive affects from the combined transportation improvements are: NE: Falconridge, Temple, Martindale, Pineridge, NW: Scenic Acres, Ranchlands, Silver Springs, Hawkwood.
Second Tier, will also feel positive impact, yet not as dramatically: NE Marlborough Park, Taradale, Coral Springs, Penbrook Meadows, Forest Heights NW: Bowness, Greewood, Tuscany, Valley Ridge
Third Tier regions will feel the ripple effect outwards from the main impact areas, these include Cochrane, Balzac, Airdrie as well as new developments near the ring road.
When the Ring Road and the new LRT stations (scheduled to open in 2008) are complete, communities that are within an 800-metre radius of these transportation improvements can anticipate a 10% - 20% increase in their property value. The largest impact will be felt in older and more established neighbourhoods.
“Our research showed that when a highway increased accessibility to the region by providing new access or shorter commute times, residential property values rose by 12% - 15% over similar properties not affected by the new highway,” adds Campbell, who is author of the best-selling Real Estate Investing in Canada. “People need to understand that commute and travel distances are now measured in minutes, not kilometers.”
The Calgary Transportation Effect report reviews the peer-reviewed academic research that has been conducted on the impact of light rail, highway expansion, and road improvements in other parts of the world.
“Gone are the days when you could get downtown from anywhere in Calgary in under half an hour, accessibility to highways and the LRT are now a top priority for home buyers and renters” adds Campbell. “These transportation improvements will unleash the inherent value in these markets so that, in the future, these areas will outperform the rest. If the market goes up everywhere, these areas will increase about 10%–20% more. If the values everywhere drop, these will drop by 10%–20% less.”
Here is the story from the Calgary Herald and below that is a quick news release summary. However, make sure you read the full report as there are many hidden gems in there.
http://www.canada.com/calgaryherald/news/s...bbd&k=52488
News Release
People Living in Key Areas of Calgary Will See
Their Property Values Jump From The Coming Transportation Changes
The Calgary Transportation Effect Research Report reveals the
Impact Transportation Improvements will have on Calgary’s Property Prices
Commutes are now measured in minutes, not kilometers
Calgary, AB — September 18, 2007 — The Real Estate Investment Network (REIN) is pleased to release their latest research report titled The Calgary Transportation Effect detailing the impact of the upcoming transportation improvements on housing in Calgary. The report’s authors estimate the benefit to be in the range of 10%–20% in select neighbourhoods.
Transportation accessibility is one of the eight key fundamentals that drive real estate values up or down. This report focuses on how the completion of the Northern portions of the Ring Road and the expansion of the C-Train into the north east and north west will increase the accessibility to the down town core, which in turn will up the value of real estate that is in close proximity to these transportation improvements.
“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,” said Don Campbell, the report’s lead author and president of the Real Estate Investment Network. “If you can reduce commute and travel times to and from an area, you make that area much more desirable as a place to live and thus increase in demand occurs.”
Their research has found that there are 3 Tiers of Impact that will occur in the Calgary Region:
First Tier, which will witness the most positive affects from the combined transportation improvements are: NE: Falconridge, Temple, Martindale, Pineridge, NW: Scenic Acres, Ranchlands, Silver Springs, Hawkwood.
Second Tier, will also feel positive impact, yet not as dramatically: NE Marlborough Park, Taradale, Coral Springs, Penbrook Meadows, Forest Heights NW: Bowness, Greewood, Tuscany, Valley Ridge
Third Tier regions will feel the ripple effect outwards from the main impact areas, these include Cochrane, Balzac, Airdrie as well as new developments near the ring road.
When the Ring Road and the new LRT stations (scheduled to open in 2008) are complete, communities that are within an 800-metre radius of these transportation improvements can anticipate a 10% - 20% increase in their property value. The largest impact will be felt in older and more established neighbourhoods.
“Our research showed that when a highway increased accessibility to the region by providing new access or shorter commute times, residential property values rose by 12% - 15% over similar properties not affected by the new highway,” adds Campbell, who is author of the best-selling Real Estate Investing in Canada. “People need to understand that commute and travel distances are now measured in minutes, not kilometers.”
The Calgary Transportation Effect report reviews the peer-reviewed academic research that has been conducted on the impact of light rail, highway expansion, and road improvements in other parts of the world.
“Gone are the days when you could get downtown from anywhere in Calgary in under half an hour, accessibility to highways and the LRT are now a top priority for home buyers and renters” adds Campbell. “These transportation improvements will unleash the inherent value in these markets so that, in the future, these areas will outperform the rest. If the market goes up everywhere, these areas will increase about 10%–20% more. If the values everywhere drop, these will drop by 10%–20% less.”
