 The World in Spring 2010, What does Alberta look like in 2 years ? |
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| The World in Spring 2010, What does Alberta look like in 2 years ? |
  Apr 21 2008, 04:47 PM
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#1
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 Group: REIN™ Members Posts: 4,539 Joined: 30-August 07 From: Canmore, AB Member No.: 209  |
2010, spring - how does Alberta look like:
a ) the Olympics are over .. and BC and Canada had a fantastic TV coverage ! b ) RV rentals from Calgary to Vancouver and vice versa are THROUGH THE ROOF .. and people driving say: "WOW .. what a great place to live .. so much space .. clean air .. decent prices .. mountains, beaches, oceans, lakes, hiking, skiing .. JOBS .. low unemployment .. no violence or racism or suicide bombers .." c ) BC based construction worker wonder "where next" .. as many BC based projects are finished .. and, ooh: Alberta and SK have jobs .. let's go back "east" to AB and SK where the jobs are .. d) oil @ $150/barrel e) "royalty review" .. what's that ? f ) house prices in Calgary and Edmonton had flattened from 2007 to 2009 due to flattish or low in-migration and start to rise again ... quite a bit actually .. g ) Can $ and US $ at par .. more or less .. and prices in AZ, FL, HI, GA, TX, start to rise again too .. h ) banking system is in good shape .. and loans are more plentiful albeit not below 5% .. more like 6%'ish for a decent LTV loan .. i) you (and Thomas and Don and ...) are 2 years older and have slightly more grey hair .. j) TSX is over 16,000 k) unemployment in the west is still much lower than in Central Canada l) the new liberal leader is wondering if he should support yet another minority conservative budget or just abstain .. again .. m) the new Encana building at over 62 stories opens in Calgary .. the tallest tower west of Toronto .. more spotlights on AB n) it is still rainy in Prince Rupert .. and the newly hired 12 port terminal employees are wondering .. where is Prince Rupert's boom ? o) over 40,000 new immigrants have moved to Alberta to fill many vacant jobs as nurses, welders, restaurant jobs and people are wondering: "where will they all live .. rents are so high .." p) average 2BR rent is well over $1100 in Edmonton .. $1300 in Calgary .. still lower than Vancouver or Toronto though .. with room to rise .. As always there are 3 groups: those that make things happen, those that watch things happen, and those that wonder "what just happened" .. ... your thoughts on spring 2010, 2 years from now ?? -------------------- Yours Sincerely,
Thomas Beyer, Diamond REIN member and also President, Prestigious Properties Group T: 403-678-3330 E: tbeyer@prestprop.com Don't wait to invest in real estate - Invest in real estate and wait ! ™ www.prestprop.com Preview book chapters of my new book .. and comment please .. here: 80 Lessons Learned Investing your LOC, RRSP or cash with us means: Become a Landlord - Without the Hassles ! ™ |
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Apr 21 2008, 04:50 PM
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#2
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 Group: Moderators Posts: 1,336 Joined: 22-August 07 Member No.: 9 |
Love it!
-------------------- Don R. Campbell
Follow Me On Twitter @DonRCampbell for the latest economic updates. Don R. Campbell's Twitter Page For Non-Real Estate Insights visit me at my Personal Facebook Page: Don R. Campell's Facebook Page http://www.facebook.com/people/Don-R-Campbell/1142293020 Best-Selling Author of "Real Estate Investing in Canada" Real Estate Investing in Canada |
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Apr 21 2008, 08:20 PM
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#3
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Group: REIN™ Members Posts: 53 Joined: 29-August 07 From: Hamilton, ON Member No.: 45 |
This post has been edited by Zee1960: May 22 2008, 07:50 AM |
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Apr 21 2008, 08:39 PM
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#4
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Group: Forum Members Posts: 16 Joined: 21-January 08 Member No.: 4,008 |
Thomas thank-you for your positive and likely real outlook on spring 2010. Just what I needed. I quite enjoy yor posts and have learned a lot. Always great to see "what's behind the curtain".
Scott |
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Apr 21 2008, 08:42 PM
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#5
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 Group: REIN™ Members Posts: 34 Joined: 15-September 07 From: Vancouver Member No.: 886 |
2 years hence? As for me, I'm looking 4-5 years ahead when I think we'll start to see the impact of the pine beetle on the forestry industry in BC. As tragic as it looks, I think those living in the Lower Mainland will start to see increased taxes to replace the stumpage fees lost to the pine beetle while loggers will be starting to move to AB to work in the oilsands or other high paid jobs (such as upgrader construction) to replace their previous income in BC. We'll see increased in-migration, lower vacancy rates with added upward pressure on rents and real estate values.
Stephen Steckler --------------------  |
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Apr 21 2008, 09:00 PM
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#6
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Group: REIN™ Members Posts: 4,539 Joined: 30-August 07 From: Canmore, AB Member No.: 209 |
QUOTE (ssteckler @ Apr 21 2008, 08:42 PM)  2 years hence? As for me, I'm looking 4-5 years ahead when I think we'll start to see the impact of the pine beetle on the forestry industry in BC. As tragic as it looks, I think those living in the Lower Mainland will start to see increased taxes to replace the stumpage fees lost to the pine beetle while loggers will be starting to move to AB to work in the oilsands or other high paid jobs (such as upgrader construction) to replace their previous income in BC. We'll see increased in-migration, lower vacancy rates with added upward pressure on rents and real estate values. Stephen Steckler right .. some areas of BC won't be so pretty .. both economically and optically .. but Vancouver area will gain 1,000,000+ people in 20 years .. so about 50,000/year .. and where people go to prices rise usually .. and where they leave: they drop .. so don't buy in every BC hick town because it is "cheap" .. more as an FYI or btw: trees are also a VERY expensive construction material .. bamboo for example is stronger and cheaper and grows faster ... so Canadian forests will become what they used to be: forests first .. and only second will they become sources of construction material .. and also, as an btw 2: BC has booming gas and oil sector below ground .. so that will BY FAR offset stumpage fees eventually ! until they find s.th. better than oil and gas to propel vehicles or planes .. decades or centuries away: hydrogen, helium fusion, solar, thermal, ocean waves .. -------------------- Yours Sincerely,
Thomas Beyer, Diamond REIN member and also President, Prestigious Properties Group T: 403-678-3330 E: tbeyer@prestprop.com Don't wait to invest in real estate - Invest in real estate and wait ! ™ www.prestprop.com Preview book chapters of my new book .. and comment please .. here: 80 Lessons Learned Investing your LOC, RRSP or cash with us means: Become a Landlord - Without the Hassles ! ™ |
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Apr 21 2008, 09:11 PM
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#7
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 Group: REIN™ Members Posts: 1,431 Joined: 24-October 07 From: Calgary Member No.: 2,488 |
Wow excellent work! Thanks for posting!
-------------------- Brett Turner, B.Sc
Broker / Owner 403-242-7009 Redline Real Estate Group - www.redlinerealestate.ca Sales - Financing - Management - Renovations - Investments Know someone that needs a realtor, mortgage broker or manager? We pay real $ for referrals! Proudly Affiliated with REIN |
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Apr 21 2008, 09:15 PM
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#8
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Group: REIN™ Members Posts: 316 Joined: 30-August 07 From: Fort McMurray, Alberta Member No.: 184 |
Great predictions Thomas.
-------------------- Sam Efford
Your Fort McMurray Oilsands Real Estate Expert "First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst." - Dale Carnegie |
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Apr 21 2008, 10:34 PM
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#9
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 Group: Forum Members Posts: 79 Joined: 14-March 08 Member No.: 5,116 |
QUOTE (thomasbeyer2000 @ Apr 21 2008, 10:00 PM) until they find s.th. better than oil and gas to propel vehicles or planes .. decades or centuries away: hydrogen, helium fusion, solar, thermal, ocean waves .. Actually Next Year, 2009 will be the market for the Air-Powered Car. http://tinyurl.com/2jeuwq |
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Apr 21 2008, 11:29 PM
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#10
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Group: REIN™ Members Posts: 845 Joined: 18-February 08 From: Kelowna and Edmonton Member No.: 4,630 |
That's a great piece Thomas!
I'll add in that the north leg of the Anthony Henday will be completed in Edmonton and several new developments in Fort Saskatchewan will be taking off. They'll be well underway on the Western Regional bypass, bringing more people to St. Albert, Morinville, and thus to Legal, Redwater, and more of the industrial heartland! --------------------  You should follow me on Twitter here. My favorite REIN resource is the JV Secrets Package. Check out my blog here |
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Apr 22 2008, 05:59 AM
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#11
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Group: REIN™ Members Posts: 703 Joined: 1-October 07 From: Toronto Member No.: 1,851 |
Great stuff
-------------------- Mark Loeffler
TheVersatileInvestor.com Email: mark@theversatileinvestor.com Click here to order my latest book on Amazon called, "Investing in Rent-to-Own Property" Check out my latest blog post at: TheVersatileInvestor.com Follow me! |
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Apr 22 2008, 07:50 AM
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#12
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Group: Forum Member Posts: 30 Joined: 23-February 08 Member No.: 4,754 |
Thank you for your vision and postings, I am learning as much as I can from you and everyone! my mind is saying move to Albeta - My family in BC think I am crazy!
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Apr 22 2008, 08:14 AM
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#13
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 Group: REIN™ Members Posts: 659 Joined: 17-September 07 From: Sherwood Park, Alberta Member No.: 938 |
QUOTE (Candi @ Apr 22 2008, 08:50 AM) Thank you for your vision and postings, I am learning as much as I can from you and everyone! my mind is saying move to Albeta - My family in BC think I am crazy! You don't have to move here to enjoy our fruits. Just invest, although, being Saskatchwan grown, you would have a hard time moving me from Alberta. -------------------- Rebecca Bryan
Edmonton, Alberta, Canada rebeccabryan@telus.blackberry.net Proud recipient of the REIN 2008 Michael Millenaar Memorial Leadership Award My philosophy, in essence, is the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute. -Ayn Rand "Of all the judgements that we pass in life, none is as important as the one we pass on ourselves, for that judgement touches the very center of our existence." - Nathaniel Branden |
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Apr 22 2008, 12:20 PM
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#14
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 Group: REIN™ Members Posts: 1,059 Joined: 18-September 07 From: Beamsville, Ontario Member No.: 1,128 |
I'm all for investing in AB but first I have to build a base here in ON, recently closed on my second property after joining REIN and the running around, back and forth, renos etc is driving me nuts, not to mention tired, I know-delegate, but first you have to build a team to delegate to and the cash flow to support it. AB looks good for many reasons and in fact I may move there in several yrs.
See you at Calgary Quickstart! Ed R -------------------- Edward B. Renkema
Real Estate Investment Specialist c. 905-329-1460 f. 905-563-6071 edrenkema@yahoo.ca |
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Apr 22 2008, 12:27 PM
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#15
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 Group: REIN™ Members Posts: 12,722 Joined: 2-September 07 From: Calgary Member No.: 475 |
QUOTE (EdRenkema @ Apr 22 2008, 12:20 PM) See you at Calgary Quickstart! Ed R Ed, I will definitely see you at the Calgary Quickstart! -------------------- If you want something you've never had, you must do something you've never done.
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Lo-Fi Version | Time is now: 3rd September 2010 - 05:41 AM |
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