Welcome to the November 2004 Update of the Real Estate Insider. There has been some quiet, yet very important news that will affect investors in both Alberta and Ontario. We'll discuss this news in this edition.
First off, congratulations to the 1,217 people who attended this year's ACRE System Program. You now have a Canadian specific system that is not only easy to use, but has been proven across the country. Graduates have now purchased over 9,050 Canadian properties valued at over $834,000,000. Now it is the time for action. If you missed this year's event, you still haven't missed out on real estate success, you can now own the complete Home Study version of the ACRE System Program with 9 CD's and complete manual for only $487+$10 shipping +gst. This kit will provide you everything you need to get going TODAY and is 100% money back guaranteed. Call 1-888-824-7346 to get your copy rushed to you.
Econimic Updates
ALBERTA - A few major changes coming our way that we need to pay attention to.
#1 The new Residential Tenancy act comes into play November 1st in the province and there are a few significant changes you must be aware of. (we will be discussing this in detail at the November 9th and 10th REIN™ Member Workshops in Calgary & Edmonton). There are specific wordings that need to be placed in notices that you give your tenants (including notices to vacate, notices to increase rent, notice to enter suite etc). These changes, if not followed, can lead to a notice be made void. Obviously all of the changes can't be covered in this e-mail (hence the special workshop) however you can get more details from the Government of Alberta's information web-page www.gov.ab.ca. Also, you will want to note that you will be required to provide to your tenants a physical Alberta address where they can contact you, not a mail box number. There are many solutions to this, such as a lawyer's or accountant's address or a shared office space.
#2 GREAT NEWS
As discussed here many times before, but is now coming to fruition - Alberta continues to be the strongest and safest area in the world for oil investment. The latest proof in this is the Venezuela government's recent 1600% increase in royalty payments that they are demanding from oil companies who are working in their oil sands regions! They recently announced that the royalties due and payable jump from 1% of company revenues to 16.67%. This comes from political instability and lack of foresight. What this has done is shake up some of the companies who were pouring Billions of dollars of investment into that country and made them take a second look at moving some of those investment funds right into Alberta. WOW, another plus for the stability of the Alberta government. This will drive investment funds up further, bringing more jobs and a renewed influx of people.
#3 COLD LAKE REGION
We continue to see increasingly good news pouring out of the Cold Lake region, new projects coming on line in the oil industry, increased activity at the military base, additional infrastructure being built in the town. This region has literally come alive in the past few years and even if it continues at this pace, it will prove to be a very strong economic engine. Watch for many more announcements (such as BlackRock's project around Hilda Lake) about the growth in this area.
The Next Alberta REIN™ Workshops are interactive and will not be able to be 100% recorded, so you will want to be there in person. We have a brand new Negotiations Secrets presentation (proving you further secrets to help you achieve) as well as a discussion on the new Residential Tenancy Act and of course What's Behind The Curtain with a few surprises thrown in. These events are Tuesday evening in Calgary November 9th and Wednesday evening in Edmonton November 10th both start right at 6:30pm. (If you are not an Alberta Member yet, click here to learn how http://www.albertarein.com/learn1.asp
ONTARIO
#1 As predicted here almost 14 months ago, prices are set to decline in the Toronto Condo Market. Our research had shown this coming, and now Toronto-Dominion Bank's Economist Derek Burleton has just released a new report outlining very similar findings. The good news is it is not like the early 90's where values will collapse. What we are seeing is a gradual slowdown and a smaller decrease in price, rather than a cataclysmic drop. However, the economic fundamentals regarding downtown Toronto Condos as cash-flow investments still are a little weak. Investors can find better deals elsewhere during this time.
#2 Oshawa continues to become more solid as an investment area. WIth another announcement regarding the $1billion investment being made into the auto plant there, the job stability in the region continues to strengthen. We are still calling for solid growth of population for the region and with it a demand for real estate. Keep your eye on future announcement that are slated to be made in the coming months.
#3 HAMILTON is proving to be a real goldmine for investors who know what they're doing. The Hamilton region, with its transportation changes, areas of transition, rumors about the Stelco plant and a continued influx of renters has provided investors opportunities not seen in many other major cities across the country. From single-family to large apartment buildings, REIN™ Members have been finding both below market value properties along with positive cash flow. The economics of Hamilton are very interesting and I urge you to use your ACRE System Goldmine Scorecard and see what opportunities you can find there. Do Your Due Diligence!
#4 OTTAWA - a special welcome to all of the new Members from Ottawa. A very strong contingent of REIN™ Members in Ottawa are taking advantage of some very interesting economic dynamics in the Ottawa region. Transportation projects are providing investors with a crystal ball as to the next booming areas, the diversification of the economy has really caught fire again, after a bit of a slow down over the last few years. If you are in the Ottawa area, you are in a unique position to take advantage of an increase in renter demand along with an increase in motivated vendors.
The next Ontario REIN™ Workshops are both critical events. November 16th we have 2 very special guests discussing Multi-family strategies as well as creative single family investing strategies. Then for the first time ever, we have an ALL-DAY (9:00am - 4:00pm) REIN™ Member only Workshop on December 4th. This is the most important Workshop of the year - and should not be missed by ANY REIN™ Members. Due to the unique special guests we have, most of the event will not be able to be taped, so you will want to do whatever it takes to be there live and in-person (if you are not yet a REIN™ Member, now is the time click on www.ontariorein.com/index.php?function=viewarticle&articleid=23&catego to discover how)
The economics of the real estate market continue to shift across the country, with some areas becoming over-priced and over heated, while others are ripe for investors to act on. Please ensure that you are continually focusing on economic fundamentals, and taking the hype and emotions out of the marketplace. That way you will maximize your results and minimize your risks!
Thus ends this edition of the Canadian Real Estate Insider. Please feel free to forward this to anyone you believe will find the information helpful. Looking forward to seeing you at an upcoming event.
Live Your Dream!
The REIN™ Team
P.S. The ACRE System Home-Study Program is slated to increase in price in November, to ensure you still get the $487 price, call or e-mail today and we'll rush it to you at this low price. 1-888-824-7346 or click on (when you join REIN™, you receive this free as a special bonus!) http://www.reinreport.com/tabid/59/p-23-ACRE-System-HomeStudy.aspx
