282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424
Wednesday, June 1, 2011 - Q2 - 2011 Alberta Investment Real Estate Market Update
Welcome to spring in Alberta finally! I hope this finds you in prosperous times in 2011, and not too busy with yard work. This is the second edition of my new format Alberta Commercial Real Estate Newsletter. Feel free to forward and share this with other successful real estate investors you know that would find it of value. I can add them to the list by them simply emailing me a request.
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What’s in this issue:
1. RE/MAX Commercial among top 25 |
I currently have several very active buyers looking for multi-family and commercial strip mall investments throughout Alberta. If you have considered selling any of your properties, please get in touch and I will be happy to conduct a market evaluation for you and discuss your situation. It’s not always the right time to sell for everyone, but for many, who have owned for more than five years, now is likely a great time.
Preferred Investments News:
1. RE/MAX Commercial was recently earned a spot among the top commercial real estate companies in National Real Estate Investor (NREI) magazine's Top 25 Brokerages survey. See the press release here, and contact me to gain access to this huge network, and superior service.
2. Testimonial & recent sales:
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"Thanks John for all you have done for us in the sale of our building. I was expecting some cancellation or something but today everything went through and we have a positive sale. You worked hard on a few other clients and it seemed that these buyers just came out of the wood work. It is funny because I suggested to Dave that when the listing was up that we would just leave it off the market for a while and move back and take care of it ourselves. I attribute most things to a higher power but I also know some people work very hard to make things happen and you are one of them!!!" Thanks again, Brenda and Dave Mykytuk |
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“Preferred Group recently sold two of our rental properties for us. The condo property was more difficult to sell in this market, but they gave us valuable information and feedback that allowed us to make the property salable and for a great price. The rental house we sold, was pending in 2 days! We highly recommend John Carter of the Preferred Group if you’re looking to sell or buy investment real estate.” - CWC Properties - Seller |
Market Updates, reports and articles that affect your investments:
3. CMHC turnover survey - Showing vacancy turnover by sub area in Edmonton. Wondering if you're having above average vacancy in your property? Contact me with the address, suite mix, and current rent roll and I'll be able to offer advice and referrals to improve your bottom-line.
4. CMHC Spring 2011 - Housing Market Outlook - Edmonton: Showing positive signs for Edmonton's real estate future in the next few years.
5. Western Canadian Cities To Lead Economic Growth in 2011 - Edmonton, Calgary, Saskatoon, & Regina will post noticeably stronger growth than other CDN cities in new report. GDP = Jobs = Increasing property values in 12-24 months.
6. The Epcor Effect - office landlords feeling the pain. Do you own office property currently? Thought about buying in future? Read this excellent report from Avison Young on the impact of the new Epcor Tower to the Edmonton office market. Calgary is the primary beneficiary in the short term.
7. 12.6 of every 100 households in Canada are Millionaires. Where do you fit in?
Upcoming Events - Join me
8. The Edmonton Apartment Association is having their annual golf tournament on Thursday, June 23rd. I will be attending, so let me know if you are as well and I look forward to seeing you there. Download the sign up form here...
9. Bed bugs tip sheet - Provided by the EAA to members, it outlines the rights and responsibilities of bed bugs in your property. This is an increasing problem with many new direct international immigration to our city.
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