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| Positive Trends
Howard Manley, Senior VP REDEV Properties
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The markets and especially residential real estate are regaining
some of their losses, this is especially good news for positive thinking
instead of all the negative news we have been hearing for the past year.
Commercial
real estate has held it own through these troubled times and remains a safe
positive investment when managed by reputable and experienced companies.
Unfortunately there are less than reputable companies out there whose
investments are not as safe and are in front of the securities commission or
have misplaced client funds. I am attaching a link to the Alberta Securities
Commission so you can check for yourself on what is happening in the investment
world. Go to
Alberta Securities Enforcement Page. You can browse through the pages and see some of the actions the Securities Commission is taking.
Again
we offer high quality commercial real estate investments in which all funds are
handled by a third party trustee and you receive a title to your unit.
Howard Manley
Senior VP REDEV Properties
howardmanley@shaw.ca
P.S. - Alberta Securities Commission is in the process of updating their site and the notices mentioned above may be moved to the following link soon. If you don't see them at the above link you can always try http://www.albertasecurities.com/Insiders/Pages/DecisionsandOrders.aspx
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Economic Signs Continue To Point To Recovery
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As we have reported over the past few months there have
been signs of economic recovery. That trend has continued with a number of
recent announcements. Here are just a few of those signs:
-The Bank of Canada did a survey of Canadian business
managers in May and June of this year and it showed that 61% of senior managers
now expect sales to improve over the next year. Also, 39% of the managers
expect to hire additional employees in the next year. The Bank of Canada stated
that the results of the poll indicate that businesses foresee an improvement in
the economic outlook.
-The Scotiabank group point out in a report on Real
Estate Trends they released last week that "the strength of Canada's housing
market so far this year stands in marked contrast to the continued softness in
the United States and Europe. The majority of major centers continue to report
solid sales gains, and stable to even modestly higher prices."
-Building permits issued in May of this year were above
$5 Billion, the first time since last October according to Stats Canada
-In the US we see the resurgence of Goldman Sachs ($38
million average daily profit in the second quarter of this year) and JP
Morgan has also rebounded and is about to report strong earnings. Both of these
firms were part of the massive bailout last year to keep them from going under.
In the Summer 2009 Conference Board of Canada Executive
Summary by Pedro Antunes
http://www.conferenceboard.ca/documents.aspx?did=3126Canadian
Outlook Economic Forecast:
July
2009, Source: The Conference Board of Canada, 12 pages
This
quarterly economic forecast provides highlights of the Canadian Outlook report,
which presents the short-term national outlook.
Document
Highlights:
·
U.S. economic growth is expected to be rekindled over the second half of 2009.
Nevertheless, the strength of the recovery will be hampered by ongoing
structural problems and weak labour markets.
·
Lagging the U.S. recovery, global trade continues to collapse, as much of the
developed world is facing steep contractions in demand.
·
Stimulus packages the world over will start to be felt during the second half
of 2009. While infrastructure spending has been slow in coming and will only
peak next year, it will still be timely.
·
The Federal Reserve is expected to keep interest rates at their current
near-zero levels until mid-2010, by which time the recovery should be firmly
entrenched. The Bank of Canada has promised to do the same.
·
Canadian businesses are once again having to cope with the volatile movements
of our "petro-loonie." The Canadian dollar is forecast to average
US$0.865 this year and continue to appreciate in 2010 as commodity prices head
higher.
·
Growth in Canada is also forecast to resume over the second half of 2009.
Still, real GDP will contract by 1.9 per cent this year before recovering with
growth of 2.7 per cent in 2010.
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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
Sturgeon Plaza
REIG Highlights
- Sturgeon Plaza is a multi-tenant strip plaza.
- Excellent location and high exposure with daily traffic counts of 49,600 vehicles per day on St. Albert Trail and 26,500 vehicles per day on Hebert Road.
- Has a 3,200 sq. ft. pad with plans for a new building to be preleased and built on the site increasing lease revenue and property value.
- Located in the metropolitan Edmonton, Sturgeon is located at the first intersection in St. Albert providing easy access to commuters returning home from Edmonton and for local residents.
- Minimum investment $25,000.
- Projected average annual return after tax 15.02%
- Receive a tax deduction for 2009
- Receive any capital appreciation on the sale of the property
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Featured Investment
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REDEV's
RRSP Eligible REIG Program
Use your RRSP investments to profit from the lucrative commerical real estate market
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4% per annum return within your RRSP.
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Majority of growth is paid into share value - cash flow, equity growth and capital appreciation and paid to you outside the RRSP via tax advantaged dividends. -
Income splitting opportunites on portion paid outside RRSP.
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Secured by the commercial real estate. |
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
Clark Heimbeckner
(780)719-6883
John Tensen
(780)910-8702 |
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| Toll Free
1-866-668-7374
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