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Optimism In the Air
Howard Manley, Senior VP REDEV Properties
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Have
you all felt it? There is a lot of optimism on the air waves, newspapers and
political grandstanding . I believe we are in the start of another upswing in
Commercial real estate. You ask me why I make that statement well I guess the
proof what is happening. I have always said we can sell any of our properties
ant any time ,BUT timing is the most important factor. We have just placed
two more of our properties under due diligence contract at a great return to
our investors. When everyone else is trying to keep afloat due to bad
management , prosecution and whatever,we are going forward. Our latest project
Ellerslie Landing and Shoppers Drug and Giant Tiger partnership has been
received with great interest and is selling fast. If you are interested go to
our web site www.redevgroup.com
and listen to the 45 minute presentation on this project or call your
representative for more information.
Howard Manley
Senior Vice President
Redev Properties Ltd.
4620 Manilla Rd SE Calgary, AB T2G 4B7
howardmanley@shaw.ca
ph. 403-212-1953
cel. 403-630-4544 |
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Investments In Canada Blog
Richard Crenian, President REDEV Properties Ltd.
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Smart Ideas, Smart Interventions
(March 23, 2010 Blog Entry http://investmentsincanada.blogspot.com/
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Here is a transcript of my latest chat with our media
consultant.
I just read what the National Association of Realtors came out regarding the US
housing situation, and they've stated that more than one in four housing
transactions in the US, paid for their purchases on an all cash basis, which
means no mortgages. 100% bought by cash.
And then there was a separate
survey, also according to them, where they found that investors are now jumping
into the US buying these empty homes and apartments.
From November to
January, this year, buyers buying homes jumped to 17% from 12%. And when asked
in the survey what those people are doing with those units, the answer was
"renting them out."
Now I am a little puzzled by why they would be renting
them out. There is a glut of apartment units on the marketplace, today in the
US. If you have a glut now and people are buying more units to rent out, what
happens to rent?
My only guess is that if you oversupply, you'll have a drop
in rent. So where is the investment in this case?
In Canada, there is still
some concern about a potential housing bubble and the Canadian government,
through Canadian Mortgage and Housing, (CMHC), has been talking about raising
guidelines to make it harder for home owners to buy.
That is a good approach,
being proactive! Canada does not need to see any failure or share a similar fate
as to what happened in the US.
With Redev Propeties, we continue to meet our
goals on our income growth, commercial investments. It works for us. We focus on
cash flow, income growth along with value add. That is what we do
best.
We have a proven performance record that speaks for itself. We stay
focused and ahead of the crowds. We stay away from trends and do what we do
best. Go to our website and you can see what we do, at www.redevgroup.com.
Yours truly,
Richard Crenian
President
Redev Properties Ltd.
To follow the blog regularly go to http://investmentsincanada.blogspot.com/
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Our New Online Seminar Is Now Available!
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We have been very happy with the response we have had to our online seminar and we have had a lot of inquiries as to when we would have our new seminar up that also tells some of the details of our new Real Estate Income Gain (REIG) Project in Edmonton. We are happy to announce that it is now up and running.
To register for the seminar you can go to our website at www.redevgroup.com or just click the following link:
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| Quick News
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- In the last quarter of 2009 Canada's Gross Domestic Product grew at the fastest annualized rate since the third quarter of 2000
- Canadian economy expanded by 5% in the fourth quarter of 2000
- Canadians are feeling more optimistic, in RBC's recent consumer outlook index, 62% expected the economy to improve in the next year.
- A lot of the growth was spurred by increased consumer spending
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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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Two Great Properties In One Investment
Featured Properties
Ellerslie Landing
REIG Highlights
- Ellerslie Landing is a multi-tenant strip plaza
- Excellent location and high exposure with daily traffic counts of 23,100 vehicles per day on Ellerslie Road and 14,100 vehicles per day on 91 Street SW.
- Buildings were completed in 2008
- The immediate area along Ellerslie Road has developed into a strong retail corridor with numerous notable tenants such as Rexall, Starbucks, Shoppers Drug Mart, Tim Horton's, RBC, TD, Scotiabank, CIBC and BMO
- Minimum investment $25,000.
- Projected average annual return after tax 15.11%
- Receive a tax deduction for 2010
- Receive any capital appreciation on the sale of the property
Plus Shoppers Drugmart Giant Tiger Building
REIG Highlights
- The property is a single building (approximately 40,166 sq. ft.) two-tenant plaza.
- The two tenants, Shoppers Drug Mart & Giant Tiger both have long term leases
- Excellent location one block west of the intersection of Stony Plain Road and 149th Street, an extremely high traffic area.
- Located directly north of Jasper Gates Shopping Centre, a 149,460 sq. ft. centre anchored by Safeway and London Drugs.
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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
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1-866-668-7374
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