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Economy Heating Up
Howard Manley, Senior VP REDEV Properties
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All the signs are pointing in the right direction, even the USA is showing positive signs of a turn around. Yes interest rates are starting to slip upwards indicating the economy is starting to heat up. Remember 5 to 6 years ago , people were asking can values go up any higher? Well we have sold or have under contract a number of shopping centres that you invested in. Our latest project Ellerslie landing combined with Shoppers and giant Tiger were purchased before the interest rates and values Have started to rise . Now is the time to get into the safe Commercial real estate market and let your hard earned money really work for you. You can log onto our web site www.redevgroup.com and view the 45 minute presentation on this project or call or e-mail your representative for more financial information. Remember you receive First year tax write offs, quarterly cash distributions (after tax), equity build up and of course appreciation when the project is sold or refinanced. Why not enhance your RRSP as this can also be used for this investment.
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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http://investmentsincanada.blogspot.com/ )
Here is a transcript of my latest chat with our media consultant.
Tuesday, April 27, 2010
Greece is not Gold-man! By Richard Crenian
Richard Crenian Blogs
April 27, 2010
"My, My, My-There is no "Gold-man in that Greece"
Goldman gets a scolding for allegedly being a cheat and Greece well it is technically broke but no one has said it yet, probably until tomorrow.
So if Germany is borrowing at 3 per cent, and Greece is at 13 per cent, and those two countries are part of the EURO, what does that mean? Greece is out? What about Ireland, Portugal and Spain? (Pain?)
IF Greece's woes may affect the Canadian dollar then Greece really is in trouble.
Goldman gets a light spanking on Capitol Hill today, for being naughty and bad-boyish but what does that matter? The investors lost and Goldman and its execs allegedly made off well.
(A philanderer once told me, it is better to ask for forgiveness than permission.) Is that what Goldman are now doing?
We like our little real estate cash flow investments. Howard and I have been doing it a long time. There is the occasionally tenant that acts like Goldman but we spank them by throwing them out and replacing them. Nothing is perfect, but our Alberta deals look pretty good right now.
To follow the blog regularly go to http://investmentsincanada.blogspot.com/
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| Register For Our Online Seminar | 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 |
- The Canadian Federal Government Finance Department has revised its projections on the Canadian economy after surveying 15 private sector economists.
- They now expect the Canadian economy to expand by 3.1% this year, a half a percentage more than they projected in their last budget.
- They expect unemployment to average 8.1% which is four tenths of a point lower than projected earlier.
- The Finance Department stated that "Overall, the March survey results suggest that the near-term outlook has improved since the December survey was conducted,...In particular, the results of the fourth quarter of 2009 were stronger than expected by forecasters in December, and recent indicators for the first quarter of 2010 suggest that the economic recovery is continuing."
- The Bank of Canada also increased their forecast for Canada's economic growth to 3.7% this year.
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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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