Greetings!
It is the time of year to give thanks and blessings for the things we have received. We at REDEV Properties would like to extend our warmest greetings to all and to thank everyone for their support this year. Feel free to contact myself or one of the REDEV representatives at any time.
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| Demand For Ottawa Properties Stays Strong
Van Leeuwen Centre Postitioned For Continued Growth
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 In the Fall 2007 issue of "Canadian Real Estate Forum" Nathan Smith, vice-president, capital markets group, Chushman & Wakefiled LePage estimates investors will spend nearly $1.1 billion on commercial properties in the Ottawa Region by the year end.
$400 million in office acquisitions have closed already this year and another few hundred million dollars are expected to close by the end of 2007.
The article points out that most of the investors are Canadian, although German investors have been very active in Ottawa in recent years as evidenced by German pension funds acquiring Ottawa real estate assets from Standard Life and Great-West Life in the past.
Hospitals of Ontario Pension Plans and Morguard Investments Ltd of Toronto purchased a $210 million portfolio last December and Israeli investors have been around Ottawa for several years as well.
"The Ottawa market has always been viewed as one of the most stable markets in the country," says Aik Aliferis (principal in Primecorp Commercial Reality Inc.). "All the major players are trying to source product in the Ottawa market and that demand is expected to continue into 2008."
With the historical stability of the Ottawa market plus the high current demand for properties in the Ottawa area this makes the Van Leeuwen Centre REIG a very attractive investment. When we originally worked out the income projections for this investment the total Annual rent was $1,125,205.68. The rent has already increased to $1,244,417.40, this is an increase of $119,211.80 annual income representing an increase of 10.59%.
If you want to take advantage of this market you will have to act quickly as this investment is almost sold out and will only be available for a short time.. |
| Insight From The Experts
From Two of the Worlds Most Successful Real Estate Investors
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 "The world is facing many challenges and one of them is financial. The entitlement mentality is epidemic, creating people who expect their countries, employers, or families to take care of them. Donald Trump and Robert Kiyosaki, both successful businessmen, are natural teachers and have joined forces to address these challenges. They believe you cannot solve money problems with money. You can only solve money problems with financial education. Trump and Kiyosaki want to teach you to be rich."
In their book "Why We Want You to be Rich", Donald Trump and Robert Kiyosaki share their analysis of our economy and some steps we all can take to be able to prosper. In the chapter "Why Do You Invest In Real Estate?" they point out a number of advantages to real estate investing. I have highlighted some of them below:
"In addition to control, real estate offers many other advantages. If a piece of real estate is purchased at the right price, is financed well, is in a good area and is well managed - then some of the advantages of real estate are the following:
1. Cash Flow: Checks come every month.
2. Leverage: Bankers will line up to lend you money for investing in property. Ask your banker if he or she will lend you money to buy mutual funds.
3. Amortization: tenants pay off the debt.
4. Depreciation...
5. Creativity: The value of the property improves through creativity. For example,.... I can convert an apartment house to condominiums.
6. Expandability...
7. Predictability:... Once a building is stabilized, the checks come in every month like clockwork. This certainly beats watching the ups and downs of the stock market...The key to good real estate is great management...
8. Tax-deferred money: One of the great advantages of real estate is tax-deferred money. There are many ways a real estate investor can avoid paying taxes ever - legally...You'd be surprised how fast you can get rich if you don't have to pay taxes.
9. Appreciation: Because the dollar is going down in value, real estate tends to increase in value. Also, as our population increases, demand increases, which also drives up prices. Most investors invest for appreciation (capital gains). In the stock market, most people invest low hoping to sell high. This is investing for capital gains. In real estate, these investors are known as flippers. Flippers also buy low and hope to sell high. The problem with a capital gains strategy is that the strategy generally only works in an up-trending market. If the market trends down (a.k.a. a bear market), many paper-asset investors and flippers are toast. Investing for cash flow is better than investing for capital gains in real estate because the tax laws favor the cash-flow investor...
...I prefer the first five reasons for investing in real estate. My favorite strategy is to buy a property, then buy another and another. In the long run, I work less, make much more money and pay less in taxes.
...I put appreciation last because it is the last reason. I don't really count on appreciation. In my opinion, to buy a piece of property or a stock and hope it goes up in value is speculation (or gambling), not investing. While I do like appreciation, I do not count on it..."
In future issues we will look in more detail at some of these points. In the mean time I suggest you call your sales representative to see how the Real Estate Income Gain program offers the above listed advantages. If you want to learn more I recommend this book as well as many of the "Rich Dad, Poor Dad" book series by Robert Kiyosaki.
Why We Want You To Be Rich - Donald Trump & Robert T. Kiyosaki
Copyright©2006 by Donald J. Trump and Robert T. Kiyosaki.
Published by Rich Publishing, LLC.. |
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REDEV Properties
4620 Manilla Road S.E. 480 University Ave., Suite 1600
Calgary, AB, Canada, T2G 4B7 Toronto, ON, Canada, M5G 1V6
Ph: (403)212-1953 Ph:(416)460-7779
Fax: (403)770-8537 Fax: (416)352-7591
Toll Free: 1-866-668-7344 Ontario Toll Free: 1-888-668-7344
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Featured Property
Van Leeuwen Centre REIG Highlights
- Strong demand for commercial Real Estate Ottawa market
- Excellent location in the affluent Kanata area of Ottawa.
- The Ottawa market has always been viewed as one of the most stable markets in the country.
- Minimum investment $25,000.
- Projected average annual return after tax 14.57%
- Receive a tax deduction for 2007
- Receive capital appreciation on the sale of the property
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Featured Property
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REDEV's Rockwood Square
Bella Vista Plaza
REIG Highlights
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Invest in 2 prime properties, in the 2 most prosperous regions of Canada in one investment
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Rockwood Square is
located in the popular Beltline area of Calgary which boasts the lowest
vacancy rate in Calgary and is seeing dramatic increase in lease rates
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Bella Vista Plaza is
located in Windsor, Ontario with excellent access, high visibility,
high traffic and in the affluent suburb of LaSalle.
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Minimum investment $25,000.
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Projected average after tax return 14%
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Receive a tax deduction for 2007
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Plus receive capital appreciation on the sale of the property.
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Contact Information:
Howard Manley - Senior Vice President
(403)212-1953
Wally Gbalajobi - Ontario Regional Manager
(416)650-0887 Ontario
(403)804-4486 Calgary
Allan Fulton
(403)381-2900
Leon Driscoll
(403)863-5669
Clark Heimbeckner
(780)719-6883
John Tenson
(780)910-8702 |
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| Toll Free
1-866-668-7374
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