No. Re my other posts my Canada ends at Temagami.
The negative view as rent to purchase is very (and historically) low in most area`s.
As cost of operations outpace revenue gains (through costlier utility, property tax, and financing charges) and returns offered on alternate investments improve values will drop.
The issue is Canada wide.
Investing in Alberta add an additional level of risk for the Canadian investor due to exposure to resource markets. Alberta might be an appropraite choice for a large investor with signficant holdings in other provinces but most should be running for the exits. If you live in Alberta, chances are your fortunes are already somewhat tied to this - be it through your personal residence, your job, or indirectly through spin off impact on your business. Focusing on investing in Alberta real estate would be similar to a Nortel employee in the 90`s betting there entire savings on its stock. They also claimed they were basing there investment decision on facts, and had historical performance data to justify there perspective to themselves.
The truth is for portfolio allocation, Alberta should be of though of as being similar to gold - potential to have a small portion of funds tied up in it if you want the bet but not the basis of a sound investment strategy.
QUOTE (ThomasBeyer @ Sep 30 2010, 02:20 PM) have you ever been in Alberta ? Why this negative view ?
Alberta is the province with the highest in-migration in Canada, the lowest debt/capita, the lowest deficit/capita, the biggest oil reserves per capita in Canada (a free $70,000 gift to all who move there .. namely the share of royalty revenue !!), the 2nd largest oil reserves on the planet, the lowest gasoline and energy prices in Canada, the lowest corporate and personal taxes .. and no PST ???
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