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A Sale You DON'T Want To Miss
2007-08-29 14:28:00
House prices are softening in Edmonton and people are once again worried that we will see a spectacular bust in the Edmonton market."There's no sense reducing any product by 5% because it just doesn't work. We're seeing reductions of 10% and more,"Re/Max agent Abe Hering Read ArticleIn a normal market you don't always get the price you ask for. Edmontonians have gotten used to multiple offers and bidding wars on properties. That kind of market can't last forever and it needs to adjust. On the other hand CMHC released a report last week that house prices are expected to increase 25% this year."With Alberta's economy still red hot, oil prices remaining high, and $150 billion worth of oilsands projects, upgraders and related work in the pipeline, no one is forecasting anything like an '80s-style housing crash, of course.In fact, quite the opposite."Read MoreWhich means another 10% increase this year. Alberta is still leading the nation for increases in housing prices. If you are...
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Financial Athlete vs. Big Bottomed Benchwarmer
2007-08-27 08:51:00
Watching Sandy tuck into that Big Mac and crispy set of fries was enough to start my stomach craving for one of those little apple pies that if you wolf down to quickly, burn the roof of your mouth.Am I getting fat hanging out with her? According to Newsweek’s article ‘A groundbreaking new study says obesity is contagious, spreading through social networks. Friends, more than family or neighbors, are the ones propagating the epidemic.’Well, I’m sure that there is some truth buried thick in the middle there. But, my common sense dictates that I’m less likely to be scarffing down chocolate floats with my chubby buddy if I don’t like the way he looks. I may feel encouraged to say, “let’s skip lunch and go for a brisk walk” because I care about him and his health. I understand that obesity is a serious problem and I’m not speaking lightly about it.My correlation is directed to attitude and learned behavior. An old adages applies here ‘Monkey See, Monkey Do”. Chri...
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Stop Pushing My Tushy!
2007-08-27 08:40:00
I was on one of the fastest trains in the world, heading at near light-speed to an early morning meeting in Tokyo last Friday. The purpose of my journey was to liaise with international investors who are moving capital from European and Asian markets into rock steady Alberta real estate.An easy enough task, all things considered. My partners are quite well informed about Alberta and it’s effortless for them to see the advantages with ‘global eyes’, meaning from a seasoned-world perspective.With Alberta’s growth a mere half percent (that’s right: 0.5%) behind China’s growth it’s no wonder why it is effortless to see. As it’s easy to forget with all these heady numbers, here are a couple of facts to show what’s really happening. Alberta has a population of 3 million people. China has a population of 1.3 billion. Hopefully that clears up any confusion about how BIG of a growth spurt Alberta is enjoying.Did you know that in China every year about 30million people move ...
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Dear Friends and Partners,
2007-08-25 10:12:00
I trust that you are you well. I wanted to send you a brief update on a few properties that I have coming up for partnership that I thought would interest you...#1 Is a solid 1/2 duplex located in the prestigious North Ridge area of St. Albert.*Your estimated ROI is 107% after 5 years or 22% annually (based on 8% appreciation rate)*Fully arranged mortgage- no qualifying, low 5.6% rate with RBC*Easily rentable and great for re-sale*Total investment about 26% of purchase price!#2 Is a brand new, stylish 1/2 duplex in the awesome town of Terwillegar SW Edmonton.*Your estimated ROI is 100% after 5 years or 20% annually (based on low 8% rate of appreciation per year)*Great mortgage fully assumable with easy qualification at 6% with TD*Easily rentable for top dollar and perfect growing area for resale.*Total investment about 26% of purchase price!I have one more bungalow available shortly as well. All financing will be arranged too.Deadline for property partnership: 9/15/07Call right away...
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Matt Badiali from Daily Wealth On The Alberta Oil Sands
2007-08-25 10:10:00
This is a great article by Matt Badili that was written early last year. It is hard to imagine how dirty sand could be bolstering a provinces economy by Matt spells it out in laymans terms.How Big are Oil Sands ?"54,360 square miles.It's comparable to the total land area of Florida… but there's much more oil in the Alberta Tar Sands than in Florida. In fact, more oil is locked in this deposit than in all of the Middle Eastern countries combined."How Is Oil Trapped In The Sand?"The oil in the Tar Sands is like soda that has gone flat. Imagine a normal oil deposit is like a regular bottle of soda. The oil is mixed with gas and under pressure. If the bottle cap leaks, then the gas escapes and the soda goes flat.Leave a glass of soda in your car in the summer, and the soda will evaporate into thick syrup. That's essentially what happened to the oil that became the Tar Sands. It leaked into an ocean and all the light fractions were lost. The heavy oil mixed with the bottom sediments....
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This And That
2007-08-24 03:22:00
Lowest UnemploymentCanada's unemployment rate fell to 6.6 per cent in October – the lowest since April 1975 – as the economy produced 68,700 new jobs. Alberta's unemployment rate was the lowest in the country, at 4.0 per cent. Read MoreControlled Burn To Stop Pine Beetlelberta is planning a controlled burn of trees in a highly visible tourist area to try to stop the advance of the pesky mountain pine beetle. Read MoreAlberta Tops In Home RenosMirroring most sectors of Alberta's superheated economy, the big leap in renovation spending has spurred escalating renovation costs... Read MoreInspirational Real Estate Success StoryThe privately held company, owned by brothers Amin and Mansoor Lalji, will pay $1.644-billion for the buildings, located in Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal.Driven from Uganda along with other Ismaili Muslims in the 1970s by former dictator Idi Amin, the media-shy Laljis settled in Canada and went on to establish themselves as one ...

Hills And Valleys In Real Estate
2007-08-24 03:04:00
Gary Lamphier from The Edmonton Journal wrote an excellent article on the Edmonton Real Estate markets shift from overheating to normalizing, with a buyers market predicted for the next six months."The stats don't lie: Edmonton's once-torrid housing market is showing clear signs of cooling off, setting the stage for what some observers say could become a buyers' market over the next six months.With Alberta's economy still red hot, oil prices remaining high, and $150 billion worth of oilsands projects, upgraders and related work in the pipeline, no one is forecasting anything like an '80s-style housing crash, of course.In fact, quite the opposite.According to Canada Mortgage and Housing Corp.'s latest forecast, average local MLS pricesfor all of 2007 will undoubtedly show healthy gains, even if second-half prices are basically flat." Read More
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Canada's Housing Market
2007-08-24 00:28:00
"What remains the greatest source of weakness in today's U.S. economy is a continued source of strength in Canada," "While the U.S. housing market is mired in deep recession, Canada's own housing market has demonstrated extraordinary resilience." Warren Lovely of CIBC World Market s Our great economy is due to low unemployment, rising incomes and low interest rates. Although sales in Edmonton and Calgary have slowed down due to an increase of properties listed on the market,the province of Alberta is leading price increases with CREA forecasting a 25% jump in housing prices by the end of 2006.Other leading provinces: *17.4 per cent in Saskatchewan *11.2 per cent in Manitoba *9.9 per cent in B.C. *9.2 per cent in Nova Scotia *8.6 per cent in Ontario this year.
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Weeee'rrrreeee Back!
2007-08-23 14:33:00
Have you been in the desert searching for an oasis of Edmonton, Alberta news and info? Well lucky for you I am back from a glorious week in Nikko, Tochigi, Japan. I have a huge backlog of Edmonton economic and real estate news, it will take me a while to slog through and source out the most relevant information, so let me just leave you with this;"...oil-rich Alberta is expected to see the price of an average home increase by 25 per cent this year to $379,000." Read More
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MY Friend Anna Is A Dummy
2007-08-12 12:40:00
One day Alice came to a fork in the road and saw a Cheshire cat in a tree. “Which road do I take?” she asked.“Where do you want to go?” Was his response.“I don’t know.” Alice answered.“Then, it really doesn’t matter which way you go.” Said the cat.Figuring out the forks in the road is hard work, but it pays off when you reach a desired destination. Always start with the end in mind. Take a good look at what your goal is and then survey what tools and experience you’ll need to get there. I have this friend, let’s call her ‘Anna ’. You may have a friend like her as well. Anna is a few years older than me and is a very talented, creative and intelligent person- except when it comes to making decisions about money. Anna is in her early 40’s, tall confidant and (sometimes) happily single. She has become a well-established artist working out of her own studio in Vancouver. If you went shopping with her for paints or brushes, you’d see her in meticulously fi...
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“4 Places that love Expensive Oil”
2007-08-12 12:32:00
In Alberta, Norway, Venezuela and Alaska, no one’s complaining about $80 crude. It fuels booming economies, cradle-to-grave security and handy checks for every resident.Of course, Alberta is the leading story. Oil isn’t the only factor fueling Alberta’s economy, but it sure doesn’t hurt. After researching some of the Real Estate numbers and how they equate to your cash-in-hand profit this is what I found. But, just remember that Real Estate appreciation and profits need stable economic fundamentals to truly succeed. That means that in Alberta the prices are rising AND they’re sustainable as well as balanced, NOT speculative as our Western neighbor tends to be.Keep in mind that in Alberta prices have a lot of room to grow, and they will, while still remaining affordable. Some of the reasons why; an undervalued market, high incomes, low taxes, strong in-migration, surplus of jobs, high growth industries and an affluent government with zero debt, are but a few reasons….Ris...
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An Open Letter to Expatriates
2007-08-12 12:28:00
Are you living abroad, based out-of- country, non-Canadian resident, Armed Forces, US, Australian, Kiwi, any other nationality or just an adventuresome globe trotter? If you’re like me and like to travel and enjoy some of the wonders the world has to offer, but are feeling the pressure of the work-save-spend cycle (A.K.A Rat Race) then read on…Are you worried about your finances?Is it time to think about planning for your children’s future? Are you saving to build a house or are you seeking better returns than what the bank, postal accounts or your current investments have to offer?Is the Stock market giving you ulcers? Or is it time to take some of the profits off the table and put them into a more tangible asset? Tired of the average financial options; Mutual Funds, Land Banking, Bonds, etc..?Would you like to invest in something hands free and safe, but still reap a decent return? Well, if you are looking to take control of your finances, put your hard earned cash into som...
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Why Oil Sands?
2007-08-12 11:52:00
Why Alberta? Alberta Is Canada’s Economic ChampionThe days of oilrigs pumping furiously are coming to an end. Unconventional sources of oil require more manpower to get the oil out of the ground. What does oil have to do with real estate? Imagine if your investment property was near the next big oil reserve, workers from around the world were going there to live and work for the next few decades. Tenants were willing to pay top rents because the economy was booming and they were making oil dollars. Alberta is that place, with vast oil sands that hold a proven 175 billion barrels of recoverable oil, second only to Saudi Arabia. The most impressive part is that Alberta has only just begun; experts say oil sands production can be sustained for at least 400 yearsSophisticated investors always look for the next region; now that region is Alberta Canada.➢ Amazing Tax Advantages- Lowest Taxes In Canada: increasing your investment dollars➢ Real GDP Growth-4.7% 2006: A growing econo...
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Edmonton Leads In Employment Growth
2007-08-10 02:23:00
Edmonton leads the nation in highest year over year employment growth from June 2006 to June 2007."In terms of year-over-year employment growth, Edmonton (+7.0%) is currently the front runner, followed by Saskatoon (+6.4%) and Abbotsford (+5.7%). Montréal (+3.3%) is currently creating jobs faster that both Vancouver (+2.8%) and Toronto (+2.0%). Two cities known for their government employment are recording job losses, Ottawa-Gatineau (-1.3%) and Québec City (-1.5%)." Alex Carrick - Chief Economist, CanaDataThe city is has had increasing demand for skilled labour for the Alberta Oil Sands and the province's outstanding economy.Edmonton ranked third in Canada for jobless rate, Victoria, B.C and Calgary, AB were first and second."On the jobless front, Victoria (3.2%) is leading the nation with an exceptionally low unemployment rate, followed closely by Alberta’s two major centres, Calgary (3.5%) and Edmonton (3.8%). Saguenay and Windsor (auto sector layoffs) have the highest unemp...
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Edmonton A Buyer's Market - For Now
2007-08-10 01:21:00
A plateau in house prices and the increase in inventory of unsold homes is shifting Edmonton 's hot real estate market from the selling frenzy of 3 months ago to a buyer's market."The advantage has definitely moved from the seller to the buyer," Richard Goatcher, senior analyst at Canada Mortgage and Housing Corp.Many people are worried because house prices dropped $9000 last month and $115 this month. I have even heard the price drop referred to as "a falling knife".Then on the other hand we had $38B invested into Alberta last week. So, yeah, there is NO reason that the housing prices will increase again. Especially when the President of Shell Canada says that the Oil Sands are just beginning are they will require a huge injection of qualified labour - people who will need a place to live that is an easy commute to the big refineries.Realtors association president Carolyn Pratt said that buyers have a larger selection of homes to choose from and they are taking more time to decide...
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Why You Should Keep An Eye On Your Tenants
2007-08-10 00:26:00
Photo Courtesy Edmonton SunI woke up the other day and, of course first thing, checked my email. My mom sent me this link with the ominous message of "Do you see why I am terrified of renting?" I keep suggesting that she rent out her house instead of selling it, the passive cash flow is a great source of supplementary income for retirement.So I click on the link and read this, House Left Covered In Crap - Landlord found post-eviction 'nightmare'What a title! The images it invokes...not pretty. The landlord rented the upper suite unit to a young woman, with three cats, for two years. He was unable to get references because she had just moved out of her parent's home. After an eviction notice due to unpaid rent, he came to change the locks only to find this:"A "nightmare" of cat feces, garbage and a small pet cemetery greeted landlord Dennis Hillman when he went to check whether an evicted tenant had vacated his west-end rental suite Sunday.""So revolting was the mess left in the ...
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What The Big Boys Are Saying
2007-08-07 02:18:00
I have taken some of the best points from Shell Canada President Clive Mather's interview with The Edmonton Journal, on the scale of development in the Alberta Oil Sands.Here they are: "What we're saying is this is only the beginning," Mather said as he escorted U.S. Energy Secretary Samuel Bodman on an oilsands tour north of Fort McMurray."The oil sands have 400 years worth of oil in that is available for extraction."..the world's largest deposits (of oil sands) occur in two countries: Canada and Venezuela, both of which have oil sands reserves approximately equal to the world's total reserves of conventional crude oil. As a result of the development of these reserves, most Canadian oil production in the 21st century is from oil sands or heavy oil deposits, and Canada is now the largest single supplier of oil and refined products to the United States. Venezuelan production is also very large, but due to political problems its oil production has been declining since the start of...
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A $38 Billion Dollar Week
2007-08-07 01:08:00
No, that isn't a mistake. Alberta oil sands saw another $38 Bill ion invested into the region over the last week.The only thing stopping the region going into full production mode is high construction costs and a shortage of labour. Oil sands' labour demands are set to double from 15,000 today to 34,000 by 2010.Of the development plans announced:"Shell Canada's plan to spend up to $27 billion on Canada's biggest oilsands upgrader, the $6.6 billion friendly takeover bid for Western Oil Sands (TSX:WTO) by U.S. refiner Marathon Oil Corp., and a $4.4 billion regulatory strategy filed by Suncor Energy (TSX:SU) for the mining plan of its Voyageur South site all indicate the need to ensure a smooth development path for the tar-like bitumen." Yahoo NewsEdmonton is the hub of the oil sands activity, this kind of investment so close to the city shows this oil boom is here to stay. These companies don't throw around this kind of money without a lot of research. The demand for housing wil...
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Go West Young Man...And Woman!
2007-08-04 11:39:00
"Go west, young man," is U.S. historical lore. Now, or should I say again, Canadians are following suit. "That's what a record number of Canadians are doing. More than 370,000 of us, more than in any year before and half again as many as in 2003, changed provinces in 2006, according to data published last week by the well-regarded Centre for the Study of Living Standards. And there can be no doubt about the destinations of choice: Only Alberta and British Columbia recorded net increases in population from migration within Canada. Nor is there any doubt about who's moving: Only 44 per cent of all Canadians, but 67 per cent of migrants, are between ages 14 and 44. Add in children and the odd dependent senior, and the trend is clear: People early in their working lives are the ones moving west." Read MoreAll I can see is a huge demand for housing and subsequent increases in housing prices.
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Preventing Another Minneapolis
2007-08-04 11:07:00
Since the terrible bridge collapse in Minneapolis , North American cities are re-evaluating the structural integrity of their bridges. In major cities bridges see hundreds of thousands cars in months and sometimes days. There challenge is volume, but what about the challenge of size?Alberta has some of the biggest vehicles in the world traveling on its roads and bridges going north to work on the oil sands, experts fear that there may be good reason to worry about these roadways."About half of the province's bridges were built in the 1960s or earlier, and structures of that vintage normally have a lifespan of about 50 years..."It's not saying every bridge is unsafe, it's just saying that we do have a problem on our hands," "Professor Roger Cheng, head of the University of Alberta's civil and environmental engineering departmentEven scarier...According to a 2006 Statistics Canada Study Bridges in Canada have already reached 49 per cent of their useful life.The tragedy in Minneapol...
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Can't Afford A Home In Alberta?
2007-08-03 04:41:00
This is the best program I have heard about next to the ecofitEnergy Retrofit Program. Albert a Home ProgramA completely free assistance program that includes education, one to one support and advocacy referrals to service providers, down payment assistance up to $3,000, and ongoing contact before and after the purchase the home.Special session"With the explosive growth and needs for homes in Ponoka and districts the Home Program has graciously decided to host another session one in our community on Sept. 25th from 7 to 9 p.m. at the link in Legacy Place (5512-57th Ave.)." Read Full ArticleIf you or anybody you know is having a hard time affording a home in Alberta, please call the Alberta Home Program to receive more information at 780-454-1212 extension 203 in Edmonton, toll free 1-877-504-6161 in Alberta. You can also register for the special session via this number.

Homeless In Edmonton - Tent City
2007-08-03 04:17:00
Picture Courtesy of Edmonton SunOver 100 homeless people are camped out in tents in downtown Edmonton. The Alberta Oil Boom and the subsequent real estate boom have people coming from all over the country, and the world, to find high paying oil sands jobs. However, the near 72% increase in property values have left a people unable to enter the housing market.Edmonton is notorious for its -40C degree winters, living in a tent is impossible in those temperatures.The city and government are working hard to come up with alternatives including shelters and subsidized housing.“You just can’t kick people out ... because they’re going to have an effect on other areas,” “In essence, we want to make sure that there are alternatives.” Ray DanylukHopefully the government will legalize secondary suites in homes to open up the thousands of suites that are deemed illegal. If strict guidelines are enforced on these suites they would offer reasonable, clean and modern housing to those i...
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Green Up Your House - Get Grants
2007-08-01 03:16:00
Eldon Freeman is a Toronto real-estate broker who is setting up a national green real-estate association with James Rodgers executive director of B.C.'s Green er Realty Association.Their dream is to have a mandatory energy evaluation for every Canadian home before they are sold on the market."Within five years, we hope to have mandatory energy audits right across Canada on every resale home," Elden Freeman executive director of the non-profit National Association of Green Agents and BrokersThe two plan to help teach real-estate agents how to promote greener homes and show homeowners how to make energy-efficient upgrades.Freeman and Rogers mandatory energy evaluations include assessments of insulation, appliances, furnaces, air conditioners and exhaust fans, and also measure how airtight a home is.If you cant wait to make your home energy efficient then here is some good news. You can get grants from the government to "green" up your house. There is a lot of money out there that the...
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Why Tangible Assets Are The Way To Go
2007-08-01 02:56:00
How many of you have stocks? Right now you are probably checking E*Trade every 5 minutes to see HOW MUCH WORSE IT CAN GET. If you have all your saving or retirement nest egg in the market, then I am really sorry and am not making light of this situation.Today on MSN "A record high for crude oil and continued concerns about the health of financial stocks crushed a morning rally, extending the losses the stock market has seen since mid-July to about 6%""Crude oil had its first close above $78 a barrel in New York today and there was talk crude might hit $80 a barrel amid worries that domestic demand would outstrip supplies. Crude closed at $78.21, up $1.38. It was up 10.7% for July and is up 28% for the year."I hold some stocks and saw my values drop considerably over the last four days. On other hand my houses are all increasing in value. Sure in Edmonton house prices fell $9,000 last month BUT they went up 72% over the last 18 months. House values in Edmonton are still rising; the o...
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Darryl Hannah Do Your Homework
2007-08-01 02:15:00
Alberta Oil Sands are getting a dirty name. Darryl Hanna h , Al Gore and Schwarzenegger are all champions of low-carbon fuel standards aimed at cutting imports from places like Alberta. They also see ethanol as the oil of the future but whether this wonder gas is really that wonderful is unclear.Does is require less energy to produce ethanol?Independent study by Michigan State University MSU shows that there is 56% more energy in a gallon of ethanol than it takes to produce it. The available energy from ethanol is much higher than the input energy for producing ethanol. Or More?The fossil energy expended during production alone...easily outweighs the consumable energy in the end product."".... those who think using the "green" fuel will reduce fossil fuel consumption are deluding themselves -- and the federal government's practice of subsidizing ethanol by offering tax exemptions to oil refiners who buy it is a waste of money. Tad Patzek UC Berkeley Geoengineering ProfessorEither way...
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Hot New Tours - Alberta Oilsands
2007-07-28 01:50:00
Classic Canadian Tours is offering one day trips to the see the Albert a Oilsands. For almost $500 Canadian you can spend the day seeing exactly what is "fueling" the Alberta economic engine.The itinerary includes a non stop flight from Calgary to Ft. McMurray, a visit to the Oil Sands Discovery Centre and finally a tour of a live oil sands site. The next tour date is September 26th so book now!

Parking Rates Indicator Of Strong Economy
2007-07-27 02:06:00
Hot demand and dwindling supply have parking rates increasing in Canada. Experts say that higher rates are an indicator of a healthy economy. If more people are out shopping and working the need for parking increases. "This suggests that the slowdown in consumer spending coupled with modest job gains had a cooling effect on parking rates. However, as the economy is anticipated to improve, and only a small amount of new parking supply is slated to come on-line, an increase in demand is expected to push rates even higher over the next year," Colliers InternationalWhat city is leading Canada? Calgary with a rich $350 median monthly rate. As usual Edmonton is right behind with a $60 leap over the last year."Indicator s of this upward trend include smaller markets, such as Victoria and Edmonton, where monthly rates have jumped $60 over those in 2006,"So instead of getting angry that your parking rates are increasing be grateful for a strong economy which will positively affect housing pr...
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Don't Fight Success
2007-07-26 03:21:00
I read a great article by Suzanne Holman on how "Struggle Is Not Required" to be successful. If Napoleon Hill and The Secret are to be believed then Suzanne has something right. She lists seven struggles that we all face when trying to succeed and dispels them as unnecessary hold backs, offers useful remedies to get them out of your life and the rewards of doing so.They are as follows:1.URGENCY Remedy: Take A Moment To Breathe Reward: Satisfaction in being able to move forward in a purposeful, directed way. 2.SCARCITYRemedy:Remember that there is always enough.Reward:Your attitude will have a positive effect on those around you.3.LACK OF FOCUSRemedy: List your items and prioritize.Reward: You have the freedom for more personal time.4.SELF-IMPOSED DEADLINES Remedy:factor in any obstacles that can get in the way of smooth completion Reward:Clients are pleased that you have met or exceeded your promised due date. 5.NEGATIVE SELF-TALK Remedy:Take the time to think of those times that y...
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Youthful Alberta
2007-07-25 03:42:00
Alberta has the youngest population in Canada. Its incredible economic growth promises high paying jobs and is attracting young workers from across the country. The younger work force reflects both the economy's current strength and future growth potential."In a relative sense, we do have a somewhat favourable situation in terms of economic growth," "Having a younger age overall could potentially mean more younger workers -- that's good for the economy because it means you have more entry-level workers, you can pay them a bit less and so it contributes to economic growth." Frank Trovato, Professor of Demography and Sociology at the University of Alberta.The effect on Real Estate is that many of these young workers will be having and raising their families in Alberta. As their families grow they housing needs will increase and bolster the resale housing market.
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Scotia Bank - Alberta Will Lead
2007-07-25 03:27:00
The Scotia Bank released it's provincial report yesterday. David Hamilton, one of Scotia's Economists, says that Albert a will continue to be the top performer."Alberta will remain a top provincial performer for the foreseeable future, driven by broad-based strength," "Overall oil production will continue to increase as new oil sands projects start up and upgraders are built. Aside from the oil sands, infrastructure will see significant investment over the next few years to service record net inter-provincial migration." David Hamilton Scotiabank EconomistIf you would like to download the complete PDF to see how your province rates nationally click here
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