“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeAlbertaEdmonton RegionEdmonton

Edmonton, AB

Blog_tag

Don R. Campbell For The Edmonton Journal

02-15-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251



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 mentality. Then all you need is for one guy to panic and drop his price to get out, and the average price in the whole building goes down, and you're completely at the whim of somebody else. You should only line up for U2 tickets."

and why beetles in B.C spell trouble in the future.

"And right now I wouldn't touch a town that's only forestry, because this pine beetle thing is massive -- the Williams Lake, Quesnel, Prince George corridor is going to be devastated."

He also gives great insight on where individual markets are going in the future. If you are planning on investing anywhere in Canada then read this article.

Click Here For Full Article

1 Comment
Blog_tag

Alberta's Economy - The Envy Of Canada

01-19-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251











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 Here

If 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 that of B.C. and Saskatchewan combined.

So when housing starts in Saskatchewan's two major cities soar by 60 per cent -- as they did in 2007 -- it's from a tiny base. Even with a slowdown, Alberta's housing starts will top those in Saskatchewan by six or seven to one in 2008.

Indeed, although home builders in Edmonton plan to curtail new construction in the first half of 2008, some are already worrying that they won't be able to meet new demand by this fall, when inventories are likely to be depleted.

In short, rumours of Alberta's economic demise are greatly exaggerated."

READ MORE HERE
5 Comments
Blog_tag

This Winter Is Heating Up!

01-19-08
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251

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 appropriately will take longer to sell."

Soper said the Alberta econ-omy needs time to adjust to the "frankly unhealthy increase" in home prices between late 2005 and early 2007." Royal LePage president Phil Soper

Realtors' Association of Edmonton president Marc Perras predicts Edmonton-area home prices are to rise four per cent over the next 12 months while a CMHC market analyst, Lindsay Kendall, predicted that Edmonton prices for all forms of resale housing will rise 6.5 per cent in 2008 to $360,000.

Now, I like to manage expectations and prefer to factor in a conservative rate of appreciation at 8% per year- which is a safe average in an up or down market.
2 Comments
Blog_tag

Tips From Real Estate Guru Don R.Campbell

09-10-07
Todd & Danielle Millar
Todd & Danielle Millar: Real Estate - Other in Edmonton, AB
  • view my blog
  • Office: (888) 780-5940 x251

If you are Canadian, interested in investing and haven't read Don R.Campbell's books then you really, really should. His Canadian specific content and great down to earth advice are much more relevant to Canadians than American authored Real Estate books.

His Books:

Real Estate Investing In Canada
97 Tips For Canadian Real Estate Investors
51 Success Stories from Canadian Real Estate Investors (12/5/2007 publish)

Here are a few fantastic tips taken from Canada's Real Estate Investing Guru:

Real Estate Investing Tips From Don Campbell

* “Don’t listen to anyone -- including me.” Do your own homework and find a system that forces you to ask the tough questions.

* Target older properties, not brand new units. “With some renovation work, you will add value to the property.”

* Avoid buying pre-build properties. “Pre-builds are not investments, they are speculations. You have no idea what will happen in three years.”

* Analyze the property and make a clear decision based on fundamentals, not emotions.

* When choosing a neighbourhood, look for three things: an older area that is in transition; an area that has easy access to transportation; and preferably an area that has an undeserving bad reputation based on local stigma.
0 Comments