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We are always open to working with motivated joint venture partners. If you are looking to invest in the Alberta Real Estate market please contact us today at info@stepchukinvestments.com Please note, we are only interested working with long-term focused partners, not those looking to make a quick buck. The current buyers market in Alberta presents an ideal time for long-term focused investors to take advantage of Alberta’s solid economic fundamentals. Contact us today to learn more about investing in positive cash flow properties. Are you looking for a property manager? Fort Park Property Management is a first class, full-service property management company that you can trust with your most valued residential real estate investments. Visit Fort Park's website now >>
-------------------------------------------------------------------------------------------------- About Real Estate Investing in Canada:
------------------------------------------------------------------------------------------------- Wal-mart: Years ago we used to look at the 'Big Mac Index'. This looked at the price of a Big Mac in different cities and based on what prices were (i.e. $1.50 versus $3...) we could understand the relative strength of the economy in that city. Then we looked at the Costco index. Wherever a Costco store opened ... a good place to buy real estate as that company clearly did its research before opening a store. Well, now ... it is clearly the Wal-Mart index. Or at least ... follow Wal-Mart when buying real estate. When Wal-Mart Canada announced it had chosen Duncan for its first Supercentre (Supercentres have approximately 30% more sales floor than traditional Wal-Marts) in British Columbia, it raised some eyebrows and sparked real estate interest in the southern Vancouver Island town. But why Duncan? "It was both because of a space opportunity and the potential of the area," explained Kevin Groh, a Toronto-based spokesman for the world's largest retail chain. "We look at locations on a macro and micro scale," Groh said. Groh explained that Wal-Mart does indeed have an extensive research department that zeroes in not only the current trading area of any location, but at the potential of future growth. "Our check list of considerations is substantial," Groh said. Duncan, with proximity to Victoria and Nanaimo and the growing population base of southern Vancouver Island apparently fit the bill for Wal-Mart, which moved an existing store to a new retail power centre in the town. The store will open by this summer, Groh said. Groh said Merritt was chosen for a new store in 2006 - not, as some thought (including JREI) because the Wal-Mart family had bought the nearby Douglas Lake Ranch - but because the town of about 5,000 is seen as emerging as a retail and service hub. So where else is Wal-Mart looking in B.C. and Alberta? - Recent B.C. openings include Squamish, and the relocation and expansion in Penticton.
(Courtesy of the Vancouver Sun and Ozzie Jurock) *** Ignorance in real estate* - Edmonton - Don Campbell couldn't believe a recent scene among wannabe real estate investors at the corner of Yonge and Bloor streets in Toronto, site of a planned condominium complex. "People slept there overnight for four nights," said Campbell, president of the Calgary-based Real Estate Investment Network and author of 51 Success Stories from Canadian Real Estate Investors. "A sign up above read '$500,000 to $1.3 million,' although you could go across the street and buy something very similar for $425,000. Then the developer had the gall to paste a six over the five to make it '$600,000 to $1.3 million,' and the crowd cheered, saying 'Look, it's going up.' There was even a fight in the line. "When you line up around a block with 200 people to buy the condo in the sky that doesn't exist yet, put $20,000 down and plan to sell it as soon as it's built, look in the lineup and tell me how many people have the exact same mentality. Then all you need is for one guy to panic and drop his price to get out, and the average price in the whole building goes down, and you're completely at the whim of somebody else. You should only line up for U2 tickets." >>> continue to the full article *** Resources *Countinue*: What can you learn from four Canadian real estate experts who have 100+ years of collective investing experience? Don R. Campbell, one of Canada’s leading real estate investors and educators, is back again with Real Estate Tips to strengthen your success in the real estate investing market. Together with three experts in the fields of mortgages, legal issues and creative buying, Campbell has put together a Real Estate reference guide that will polish your investing skills. Whether you read it cover-to-cover or use it as a favourite reference guide, 97 Tips for Canadian Real Estate Investors is sure to become a new classic in the Canadian real estate investor’s library. Read More. *** *Profit from real estate* - If you missed out on making huge profits the last real estate boom, you owe it to yourself to make sure you don't miss out on the one that's just beginning! To ensure you do create massive results (and put these results into your bank account), and well before you take ANY action, you MUST have the answer to four critical questions. How? - Use PROVEN real estate investment systems that are not just theory. They must be thoroughly tested and proven in the "real world" by successful real estate investors. These systems MUST be designed to decrease your risk, increase your cash flow and increase your return on investment. Where? - Using only the most up-to-date research available, you must identify EXACTLY which towns or cities to invest in... and which ones to avoid at all costs. Only then will you maximize your profits. What? - Certain types of real estate will do very well in this boom, while other types will sit vacant for months and drop in value. For example, the most heavily marketed type of real estate to investors actually has the least profit potential. What you buy will have a major impact on your future wealth! When? - Timing is critical! As with any major boom, it will hit different towns at different times... with a different impact in each town. Therefore, if you know when it will hit a specific town, and with what force, you will create major profits. Read More Site Management by Vancouver Internet Marketing Company - Cucumber Marketing Inc. |