When REDEV Properties purchased Rockwood Square in Calgary's popular Beltline area on 17^th Ave S.W. we realized the great upside potential for this property. Situated in the area that has the lowest vacancy rate in Calgary and with an average lease rate of only $14.95.per sq. ft. we believed there was excellent potential for increasing the value to our investors. 

Recently Humford Management, the management company REDEV has appointed as property managers for Rockwood Square, have concluded a lease renewal with one of the tenants. The space had been leased at $12.00 per square foot but was renewed at the current market value of $24.00 per square foot.

With the high demand for space in this area of Calgary, with most of the leases in Rockwood Square coming up for renewal within the next three years and with average lease rates moving from the $14.95 per sq. ft. used in the current return projections to the current market value of $24.00 per square foot it is clear the impact in value and cash flow this will have on this investment.

While some other companies may lose interest in you and your investment and move on to another project, we at REDEV continually strive to increase the returns and value of the investments we have.

If you act quickly you can still participate in this property as there are still some units available. Please contact your representative for more details.

• SCMP reports that "Canadians are buying new homes as an energy boom in the country fuels hiring and consumer spending.

• In September Canadian housing starts reached 281,300 units, the highest since 1978.

• Canada's unemployment rate fell to a 33-year low of 5.8 per cent last month, according to Statistics Canada, while wages rose 4.1 per cent from a year earlier.

• Canadian new home prices rose in September, advancing 0.3 per cent compared with 0.4 per cent in August, Statistics Canada said.

• Prices on a year-on-year basis rose 6.2 per cent from September last year.

 Although slightly softer than expected, these statistics clearly indicate steady and consistent growth for Canada

A Hong Kong businessman is Canada's newest King of the Castle - and he didn't even have to stand in line to buy his C$25 million penthouse suite.

 "For the one week, 90 people have taken turns camping in a sidewalk lineup outside One Bloor East, holding spaces for real estate brokers, who want to snap up luxury units in the new 80-storey tower in the heart of downtown Toronto."

Fourteen super-luxury condo developments are planned to open in the downtown core and some people are touting this city as the next New York or London.

"Toronto is about 10 to 15 years behind New York in terms of residential skyscrapers being built near the business district."

"While condo lineups are not new, this type of frenetic activity for a luxury condo was indicative to many of the overheating condo market."

"Brokers say that Canada's healthy economy and undervalued prices compared to other major world cities have lured much international money."

With October house prices up 11 per cent from a year ago, to an average of $394,646, people are jumping into the market for fear interest rates will keep climbing.

Howard Manley - Senior Vice President

Wally Gbalajobi - Ontario Regional Manager 

Allan Fulton

Leon Driscoll

Clark Heimbeckner