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Don R. Campbell For The Edmonton Journal
2008-02-16 02:25:00
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 block with 200 people to buy the condo in the sky that doesn't exist yet, put $20,000 down and plan to sell it as soon as it's built, look in the lineup and tell me how many people have the exact same...
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This And That
2008-02-13 04:24:00
Stelmach unveils green plan - Stelmach announced that if re-elected March 3, the provincial Tories will spend $50 million turning the river valley into the world's largest continuous park, running from Devon to Fort Saskatchewan.Beneath university's land there lies a mystery - and possible oil riches - Nobody knows quite how it happened, but the University of Calgary and its students are about to get some first-hand experience in the energy business. By chance, a staff member uncovered information last summer that showed the school owned the mineral rights to two sections of land south of Lethbridge near the U.S. border - an area rich with both oil and gas reserves.Tight market fuels winter retreat boom - "Supply in most regions of the country is expected to balance demand in regular housing, but in the recreational property markets, demand should still be quite a bit greater than what is available," Phil Soper, chief executive officer of Royal LePage Real Estate Services.Real e...

January's Record Means More Deals For Buyers
2008-02-06 13:28:00
"Near-record January sales indicate that housing sales will remain strong in the Edmonton area as buyers and sellers adjust to the new pricing levels," Realtor Association of Edmonton president Marc PerrasPurchasing a property with great terms or at a reasonable price is a lot easier now than it was 6 months ago. Sellers are willing to make properties assumables or give you a nice reduction because they don't want their property sitting on the market any longer. "Prices are stable and are not expected to drop sharply despite the large inventory," Perras said.Single family dwellings showed a minuscule drop at 0.6%, duplexes and townhouses fell 1.7% and condos rose 1.9%. Overall residential properties rose 1.7%.
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Hidden Gold in My Boot
2008-02-02 00:01:00
Yesterday I found a gold nugget in the boot of my car. My friend asked me over to his place to get a second set of eyes on it before he listed it for sale.He’s spent the good part of a year renovating the 2 houses on both sides of his. And now it’s almost time to put them on the market. He’s added several nice touches including a Koi pond and a gazebo in the back garden. As the weather gets colder and the ice starts to thicken, it’s a perfect place to sip coffee and watch the carp swim about drunkenly. Somehow the fish survive - though the temperature is as mild as a Vancouver winter. These additions are more from the heart than for the wallet. Carl’s embellishments may be just the right touch to sway certain buyers and perhaps even deter a few. The recovering alcoholic photographer for instance, loved what he could do with the wine cellar. It's true, he didn’t see a wine cellar he saw a darkroom: cool and temperate for his sensitive films. He was the one that brought u...
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Keeping Perspective
2008-02-01 03:31:00
Mark Milke wrote this excellent article for the Edmonton Sun. If you are unhappy with the economic boom in Alberta now, then perhaps 1988's statistics will help you see the light - 9.7% unemployment and 18% interest rates. Seems unbelievable doesn't it? "So let's keep present problems in perspective, even with the environmental or social problems -- which I don't downplay -- that accompany the energy industry's success. Whether you're an Albertan who works in the resource industry, a doctor whose salary is paid partly by the existence of energy royalties, a trades guy or gal who doesn't have to beg for jobs -- unlike in the 1980s, an artist who received an Alberta government or corporate grant, or the recipient of a welfare cheque itself funded partly by oil and gas royalties, we're better off in this province with the resource industry than without it." READ MORE
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This And That
2008-02-01 02:32:00
Edmonton, Alberta: How Do You Heat Your Igloo? (Todd Millar) I replied in a lighthearted way that spending my money on sunsets and sandy beaches is what I do when I'm on holiday, not when I plan and weigh out an investment option. Sunsets sizzle, and when we imagine the lifestyle associated with them, emotion takes hold and reason leaves the room. Quality-job creation: Another area where Canada outshines USThe bad news is that, like the United States, Canada's economy is shedding manufacturing jobs. The good news is that, unlike the U.S., Canada is replacing them with high-quality work in the public administration and energy extraction sectors. Canadians vote like mad for Monopoly real estateIt may sound like fun and games, but some people are taking getting their cities into Monopoly's upcoming World Edition rather seriously. Full-blown campaigns on social site Facebook and other Internet sites have boosted the fortunes of Canada's three candidate cities vying for spots on the...

Canada - Financially Fit
2008-02-01 02:26:00
Canada is getting a lot of first prizes among the G8 countries. We rank first in quality of life, have the lowest cost of living, and the lowest unemployment rate. Canada has diverse resource driven economy that, less than a decade ago saw significant proportions of all exports heading for our neighbours to the south. Due to Canadian government's tireless support of businesses diversifying their exporting focus and incredible foresight, now, nearly a quarter of all exports are destined for non U.S locations which has helped us to avoid the economic slump now prevalent in the U.S.Canada’s economy has often trailed the US economy, however today it is leading the US - as is the Canadian dollar which has seen the most gains since at least 1971 because of a surge in investor interest and confidence in commodity-exporting countries according to a Bloomberg report.Statistic released by the Canadian Real Estate Association show clearly that Canada has just finished the best year ever fo...
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Will It Come Down To Food or Fuel?
2008-01-25 10:06:00
A Japanese friend I spoke to the other day was disgruntled because the price of soy sauce is increasing. It's all because we are trying to reduce consumption of fossil fuels .Interest in using food crops (ethanol is derived from sugar beets, wheat, corn or sugarcane) to produce alternative fuel sources for cars is causing many nations to fear subsequent increases in food prices.For example soy bean oil is heavily relied on to make biofuel - the renewable diesel fuel additive. Cooking oils and many other products prices are increasing because the price of soy beans, corn and cereals are increasing. Milk prices increased 3% in Japan because it is more expensive to feed cows and beer will increase because the price of malt has risen.Think tanks predict prices may even rise 80% as crops and farmland are diverted to producing biofuels. However other experts predict that with increasing technology we may only see a 5% -15% increase.A Possible Solution....Japan has taken steps to...
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Great Tool For Landlords
2008-01-25 09:28:00
A rental property has to have a lot of things going for it to ensure it puts money in your pocket. Nice location, above average amenities, sturdy construction, neutral yet stylish design and the list goes on. However, none of this will mean much if your property is overpriced. The "put the For Rent sign out" and they will come mentality doesn't work in every market. If the market is tight and your vacancy rate is low you can rent for a little more but if the vacancy rate is increasing then your rent not only has to be in line with the market but also cover your expenses and reflect the quality unit that it is. So...?Someone brilliant has invented Rent-o-meter.com you simply fill in the fields for address, province or state, postal code, current rent, number of bedrooms and units in the building. Press the Analyze My Property and you get a clear spectrum of the average, high and low rents in your particular area. The site not only shows you where you unit is on the "Rent-o-meter" b...
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QuickStart Live - Top 10 Canadian Towns To Invest In
2008-01-19 10:00:00
“It’s Time To Cut Through The Hype and Opinions That Surround The Canadian Real Estate Market and Get To The Truth”Don R. Campbell, Author of Real Estate Invest ing in Canada. Rookie & Veteran Investors Have Purchasedover $2,292,700,000 (Billion) of CanadianPositive Cash Flow Real EstateUsing The Strategies They Discovered From Don R. Campbell. Now It’s Your Opportunity to Get The Truth and Learn the2008 Top 10 Canadian Towns to Invest In And the 9 Questions You MUST AskBefore You Buy Your Next Piece of Property.Is It Time For The MarketTo Crash or Continue Upwards? No more guessing, no more hoping, no more wondering if you’re missing out (or making a mistake) and, most importantly, NO MORE FEAR! “How is this possible?” you may ask. Well, there has finally been a breakthrough –- an unprecedented breakthrough -- that allows ANYONE to become a success in real estate investing. Next Quickstart LIVE! ...
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Alberta's Economy - The Envy Of Canada
2008-01-19 09:40:00
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 HereIf you still think Alberta's economy is on the slide,"Alberta's economy remains the 800-pound guerilla of Western Canada . At some $290 billion, Alberta's GDP -- gross domestic product -- is almost 15 per cent larger than tha...
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This Winter Is Heating Up!
2008-01-19 08:50:00
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 LePage report said. Edmonton and Calgary now have "a surplus of inventory," it added, and "while demand is strong, the increased supply has impacted the resale market and homes that are not priced ...
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My Contribution To Real Estate Investing...
2008-01-12 12:18:00
I am a contributing writer for Nu Wire investor. I have a new article out on The Fundamentals of Real Estate investing. This site has such good information for a variety of interests (I am not just saying that because i write for them) take a look at Nu Wire Investor or to directly view my article click Real Estate Investing : Focus on the Fundamentals Have A Great Weekend!
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What My Vacation Taught Me....
2008-01-12 10:51:00
We just got back from 19 days in Vietnam with a quick excursion into Cambodia. It was a great trip with lots of surprises and delights, beautiful sunsets spent on white sand beaches and excellent food.Anyone planning to go should visit Ha Long Bay for the incredible caves and kayaking also don't miss Ho Chi Minh it's one of the most interesting culinary cities I have been to - try the street vendors if you are up for it. After the hectic and successful year we had in 2007 it was nice to be able to take a trip like that. (Actually what I am most thankful for is a business where proven systems and an incredible team allow me to leave, come back nearly 3 weeks later and find everything going like clockwork)As an avid traveler the writing in International Living or Conde Naste invokes countless dreams of villas in Greece or a secret beach front hideaway in Costa Rica. This lovely write up for a $59,000 Belize beach front property makes me want to sell up now and head south,"This li...
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Mini Market Report
2007-12-12 00:43:00
"Taking the Alberta side as an example, there was a 3.8 per cent decrease in unit sales in Oct. 2007 from Oct. 2006. However, new listings were up 39 per cent, indicating an increase in supply.“We’ve had an under-supply for quite a long time so it’s not altogether a bad thing to have people having a choice,” “That’s what the buyers would say, it’s not so hot for sellers.” Kathy Harvey, president of the Lloydminster Real Estate Board AssociationBuyers may have more choice, but it is unlikely they will be paying any less for their home as average listing price has increased 25 per cent from last year. The average home price for the Alberta side is $245,000 and $188,000 for Saskatchewan. These averages also take into consideration surrounding areas where house prices are lower."Everyone seems to be of the same consensus the market is balancing from it's meteoric rise last year. We'll feel the softening for about 6 months but after that the market in Edmonton will pic...
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Canadians Buying In The US
2007-12-11 22:59:00
Everyday we hear about the strong Canadian dollar and the slowing US market. Now seems to be the perfect time to pick up your winter snowbird retreat or get an investment property in an otherwise fundamentally sound region.Brian Wruk, co-author of The Canadian Snowbird in America has some great points for Canadians looking to head south. California, Nevada, Arizona and Florida all have foreclosures at all time highs and the place you were looking at on Vancouver Island is now close to $1 million. "People can sell there, buy here (Phoenix, Ariz.) for $500,000, and put the difference in their pocket."Once you get your financials in order there are some easily forgotten points that you should consider:Take your meds: But remember that drugs with codeine require prescriptions in the U.S. If you must take prescription medicine, ask your doctor for a letter explaining why and the recommended dosage. Take only as much as you need.Satellite TV: If you want to watch Hockey Night in Canada, y...
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This And That
2007-12-09 07:04:00
Oilpatch braces for new arrivals - "New census details from Statistics Canada show that Alberta hasn't lost its grip as the province considered by Canadians as the country's promised land. More than 225,000 people moved to Alberta from other parts of Canada between 2001 and 2006, the latest census figures show. A slight drop from the last census period, the figure still maintains Alberta's status by far as the province with the highest net gain of population due to migration from other provinces."Growth in population means increases in housing prices Calgary's property tax plan half of what they want here! - "While Edmontonians could be clobbered with a 10.9% property tax hike in the new year, our Cowtown (Calgary) cousins are being asked to pony up less than half that - 4.5%." Edmonton has a smaller population to pay taxes that's why Calgary pays less For Big Cities A Taxing Dilemma- "Mr. Brooks said he fears Vancouver could end up losing some of its head offices to friendlie...

What Do You Want In Your Luxury Home?
2007-12-09 06:44:00
Do you have a heated drive? How about a personal elevator? Royal Lepage released it's top 10 list of the most sought after luxury home additions in multi-million dollar homes. Anything you can dream of you can get, and some people are, in their multi-million dollar cribs. "The bar just keeps getting higher when it comes to outfitting one's multimillion-dollar pad," Royal LePage The list included: 1. Elevator Car Lifts 2. Indoor Car Washes 3. Walk In Fridges 4. Home Gyms 5. Wine Cellars Other popular accessories include: 1.Personal Elevators 2. Theatre Rooms 3. Screened- in outdoor eating areas 4. heated driveways 5. sewing and or wrapping rooms "Accessorizing the property with the hottest must-haves is a natural extension of living a luxury lifestyle and a way to stand out from the crowd," Elli Davis, a sales rep with Royal LePage Real Estate Services. Here is my top 6 list: 1. Perpetual Swimming Pool 2. A Gym 3. A home Theatre 4. A Japanese Style Bath 5. A Huge Brick Firep...
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Jayne Johnson's Tips For The Holidays
2007-12-09 06:18:00
Jayne Johnson of The Clearing Sight wrote two great blogs on how to prepare for the holidays. If you don't know who Jayne is here is a blurb from her site:"Jayne’s perspective is that practical knowledge and spiritual wisdom have many sources and over 36 years has studied a wide variety of resources, including the works of Napoleon Hill, Deepak Chopra, Joseph Campbell, R. Buckminster Fuller, Robert Kiyosaki, Wayne Dyer, Paul Brenner, M.D., Marianne Williamson, Rev. Terry Cole-Whittaker, and Earl Nightingale, to name just a few." She is quite well known for helping Robert Kioyosaki write a goal plan for the Rich Dad Poor Dad game. “I wrote the business plan for Rich Dad Poor Dad and my board game, Cashflow, at a two-day goal setting workshop with Jayne Johnson, in January of 1996. Without Jayne’s goal setting technology, I doubt if Rich Dad Poor Dad would have become as successful as it is today. That two-day work shop has made me millions of dollars, over and over again. In m...
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Edmonton Is Cold But It's Economy Is Hot
2007-12-06 05:37:00
I love to say I told you so!"For the first time on record, the city of Edmonton tops our city ranking in terms of economic momentum," CIBC's World Markets economic activity indexEdmonton's top rank is due to strong population growth, outstanding employment gains, the lowest unemployment rate in Canada and lower than average personal and corporate insolvency rates .Calgary the old leader slipped into second spot with a score of 24.5, compared to Edmonton's 30.1 . The city's slippage was credited to a slowdown in the pace of job creation momentum in the city -- less than that of Edmonton, Victoria and Saskatoon -- and a cooler (but still excellent) housing market.
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Young Workforce Values Elder Workforce
2007-12-06 05:17:00
Alberta's Greatest Resource Is People.Canada has the youngest population of any developed country and Alberta has the youngest population in Canada.At a median age of 35.9, Alberta's advantage is it's young highly trained and sustainable workforce. In turn younger families are causing a "rippling economic boom effect"; as they have children the demands on daycares and other facilities are increased . Daycares with huge waiting lists are turning to seniors to help ease their labour strain. "Alberta is an energetic and vibrant place that's attracting young workers," she said. "But we're also seeing how seniors are returning to work - like a 76-year-old electrician I know - or are volunteering on a full-time basis." "There may have been a period of disregard for the older worker," "Now they're seen as responsible and reliable - and are valued.Ruth Maria Adria The Elder Advocates Society of Alberta ...
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Life Expectancy Calculator
2007-12-03 02:16:00
What would be the point of being highly successful, surrounded by a loving family and living a gorgeous lifestyle if you were sick or in poor health? Our everyday choices that seem innocuous now will lay our future health and longevity.This fantastic Life Expectancy Calculator was forwarded to me by a friend who found it very thorough. I took the test and felt the personalized detailed report was the most in depth I had seen yet."The Living to 100 Life Expectancy Calculator uses the most current and carefully researched medical and scientific data in order to estimate how old you will live to be. Most people score in their late eighties... how about you?Thomas Perls MD, MPH is the founder and director of the New England Centenarian Study, the largest study of centenarians and their families in the world. More can be learned about the study at www.bumc.bu.edu/centenarian." Click Here To Take The Test

Neil Waugh On Affordable Housing
2007-12-02 06:52:00
"Developers packed a public hearing and told the council Pollyannas their "affordable" housing strategy is a no-go. Especially if they expect them to commit 5% of every project to multi-family projects where rent, presumably, would be capped. The same seriously flawed policy has already encountered stormy seas when property owners learned the pleasant school space in their neighbourhoods will now be jammed with low-rent condos. Edmonton Urban Development Institute director Michael Mooney said some developers might play along, but only if council slashes taxes or shrinks the size of arterial roads so developers can bring on more lots. And now the whole mess is going back to city hall's long-suffering bureaucrats for an overhaul." Read Article Here
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Canada's Layer Cake of Housing
2007-12-02 06:40:00
Vancouver and Victoria are the icing too sweet and rich for most tastes but tempting I will give you that. Calgary Edmonton and Toronto are the cake substantial and Ottawa, Hamilton and Montreal are the pan lower cost ( I know I am grasping for that one). "Three cities are leading in terms of year-over-year percentage gains in house prices, both new and existing — Saskatoon, Edmonton and Regina. Price advances in Alberta’s other major centre, Calgary, have eased. Winnipeg’s new home sellers are finally participating in better housing markets. Windsor, due to its auto sector woes, is the only city in the country with declining house prices. As for absolute house prices, there are three obvious tiers in Canada. House prices in Vancouver and Victoria, on average, are in a class by themselves, at approximately 50% above any other city in the country. Calgary, Toronto and Edmonton house prices form a second tier. Ottawa, Hamilton and Montréal are in a third lower-priced groupin...
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Edmonton Market Letting Off Steam
2007-12-02 06:24:00
Edmonton market is letting off some steam and i will too.PRICES ARE PLUMMETING! - I would hardly call a 6.5% price correction over 5 months plummeting, especially since prices have risen 74% over the last 17. Price correction anyone? THE ROYALTIES HAVE RUINED THE ECONOMY! - Many articles say the Royalties are balanced and not half as severe as proposed in the original review or even close to other oil rich countries. Hugo Chavez anyone?THE MARKET IS FLOODED! - Sure there are more listings than say this summer when multiple offers where the norm and a frenzy made the market not a nice place for buyers. People are out there now trying to see what they can get or maybe they bought a new house, are moving or want to cash out. At any rate the market is getting more and more balanced. Buying opportunity anyone?WE ARE BUST PRICES WILL DROP! - Sure you may have to reduce your asking price $10k to sell right now but prices fluctuate and there are a lot of people trying to sell now. "...pr...
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Are They Lining Up To Buy?
2007-12-02 05:47:00
Saskatchewan real estate values/investing has increased in value recently whether it is due to native Saskatchewan returning home, speculative buyers lured into the market now that Alberta has softened or an exodus due to fear of the effect on Royalties on the Alberta Oil Sands is unclear. I know I say this all the time but - as my mentor says, "What's behind the curtain?"Take this news release I found on CNW Telbec on the 2007 Property Tax Assessment and Tax Analysis of 2006 Data.A little background on the assessment it is released by REALpac and prepared by Altus Derbyshire, Realty Tax Consulting and hopes to show both the range of commercial and residential property tax assessments coast to coast in Canada and to determine the trends amongst urban centres, allowing REALpac to extrapolate which cities taxes are going up, going down, and how quickly.This is their take on Regina Saskatchewan:"Employees won't be standing in line to move to Regina, since the city also has the highes...

A Rough Christmas for Terry Ellis
2007-12-02 05:19:00
It's going to be a tough Christmas for Terry Ellis the 61 year old paralegal that was convicted of supporting a criminal organization by helping to swindle unsuspecting real estate investors out of nearly $30 million. Her participation in what is believed to be the biggest mortgage fraud in Alberta history; involving over 280 real estate transactions and 19 different banks, has her sitting in a jail cell waiting for sentencing instead of getting ready for the holidays. "Ellis denied any involvement in the mortgage frauds committed by the co-conspirators. However, the evidence of her actions in this case speaks much louder than her words,"Court of Queen's Bench Justice Gerald VervilleEllis has reached a notorious first; this may be the first time in Canadian history that a criminal has been convicted of committing economic crimes for the benefit of a criminal organization. The law under which she was charged was passed in January 2002 and is generally used to convict criminals wh...

Don’t Get Lost In History
2007-12-02 05:07:00
Once upon a time there was this crusty old Irish-born frontiersman that went by the name of John George "Kootenai" Brown. Kootenai was off camping and trappin’ (as you do when you’re a pioneer) in the Waterton Lakes area when he noticed some black stuff seeping out of a lake the Natives referred to as ‘Stinking Waters’.Kootenai soaked up the oil in gunnysacks and used it to lubricate the wheels of his wagon and to fuel his lamps. He also created a device to siphon out the oil. He’d then barrel it, selling it to his neighbors for $1 a gallon.This was in the early 1900’s and the first time anyone had sold oil in Alberta. 1902 brought along Alberta’s first big ‘boom’.Other booms followed in 1914 and 1936. But it wasn’t until 1947 when a major strike in Leduc that oil and gas replaced agriculture as the province’s economic driverBack in 1903 the boom was in full swing. Both honest business folks and speculators poured in. They gathered and began building ‘Oil Ci...
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Alberta Housing Affordability
2007-11-23 00:51:00
It's not B.C but it's almost Toronto. Alberta 's affordability has suffered in the last year due to incredible housing price increases. Although we haven't become one of Canada's worst areas we moved up the ranks. The thing is affordability declined across most of the country. Alberta is doing terribly but we need caution. This RBC report went on to say that the economics in Alberta are supportive."Albertans now pay a higher share of their country-leading incomes on average than Ontarians across every type of housing, although Torontonians still pay more than Calgarians and Edmontonians for a two-storey home.Albertans now pay a higher share of their country-leading incomes on average than Ontarians across every type of housing, although Torontonians still pay more than Calgarians and Edmontonians for a two-storey home. Alberta is still, however, avoiding British Columbia’s stressed affordability conditions."Read More From RBC Reports
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Edmonton Office Space
2007-11-23 00:17:00
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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