- Joined
- Aug 30, 2007
- Messages
- 13,879
The election results are in .. and we have a new conservative majority and a surging left-of-centre party. We also have two defeated leaders, Gilles Duceppe and Michael Ignatieff that led their parties into oblivion. The results also showed me that most Quebecers want to remain in Canada although a "gimme gimme gimme" attitude prevails there. Even Ontario voted conservative, and that will continue to keep our great country together and strong !
To me it means: economic prosperity for Canada, job growth, income growth, add'l foreign investment here, lower taxes, continued (albeit better managed thus skilled) in-migration and as such a very positive development for the economy and REAL ESTATE VALUES.
If you are an existing real estate investor: congratulations, you made money last night as most properties went up in value, and will continue to grow for at least 4 year.
Today, at the annual Edmonton real estate forum they re-iterated that CAP rates are again at historic lows, meaning that commercial properties are getting expensive again due to the excellent Alberta economy and expected lease/value growth.
We stopped buying in Alberta due to inflated prices in late 2007. After waiting patiently for over 3 years we started buying again in 2010 .. and envision more in 2011 .. PRE-BOOM 2 ! Our largest and most profitable portion of our portfolio is in the Edmonton Region, and it is in Alberta that we envision to buy our next property. Why ? Our website features a few thoughts why Alberta is poised to boom again, from in-migration, to leading Canada in GDP growth to multi-billion $ investment in upgraders to very low unemployment to "4 out of Top 10 towns to invest in Canada are in Alberta": www.prestprop.com/ab.html
And here, eloquently stated as always, by Don Campbell (the president of REIN) on "Why Alberta - This is THE time to invest pre-boom" .. and you could do it yourself .. or by co-investing (your cash or RRSP) with others such as REIN members.
A great day for Canada .. a great day for Canada real estate .. especially W-Canada but also Ontario & "the East" !!
To me it means: economic prosperity for Canada, job growth, income growth, add'l foreign investment here, lower taxes, continued (albeit better managed thus skilled) in-migration and as such a very positive development for the economy and REAL ESTATE VALUES.
If you are an existing real estate investor: congratulations, you made money last night as most properties went up in value, and will continue to grow for at least 4 year.
Today, at the annual Edmonton real estate forum they re-iterated that CAP rates are again at historic lows, meaning that commercial properties are getting expensive again due to the excellent Alberta economy and expected lease/value growth.
We stopped buying in Alberta due to inflated prices in late 2007. After waiting patiently for over 3 years we started buying again in 2010 .. and envision more in 2011 .. PRE-BOOM 2 ! Our largest and most profitable portion of our portfolio is in the Edmonton Region, and it is in Alberta that we envision to buy our next property. Why ? Our website features a few thoughts why Alberta is poised to boom again, from in-migration, to leading Canada in GDP growth to multi-billion $ investment in upgraders to very low unemployment to "4 out of Top 10 towns to invest in Canada are in Alberta": www.prestprop.com/ab.html
And here, eloquently stated as always, by Don Campbell (the president of REIN) on "Why Alberta - This is THE time to invest pre-boom" .. and you could do it yourself .. or by co-investing (your cash or RRSP) with others such as REIN members.
A great day for Canada .. a great day for Canada real estate .. especially W-Canada but also Ontario & "the East" !!