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Edmonton Rental Market Survey – June/July 2011

July 26, 2011 Property Management
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Things have started moving a little more quickly in the Edmonton rental market this spring. Incentives have almost totally disappeared, and many Property Mangers and investors have said they’re starting to test the waters, moving rents up by $50-200/unit. Vacancy is down more, slightly below 4% according to Colliers, and things are (usually) renting quickly. [...]

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Why The Bank of Canada Won’t be Raising Rates Soon

June 23, 2011 Economic Fundamentals

Today I was at the dentist for a cleaning and checkup. (It doesn’t matter how old I get, it’s always nice to hear them say ‘no cavities’.) My dentist has nice TV’s at every chair, so I dialed in some BNN. I had a nice chat with my hygenist who said something along the lines [...]

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Buying Multi-Family – Sellers’ Market Tips

June 21, 2011 Real Estate
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It’s 2011 and Edmonton’s still a funny market when it comes to multi-family investment inventory. There’s only 58,557 purpose built rental units in Edmonton according to CMHC (page 2, PDF) and that number is shrinking. That’s 58,000 units for just over a million people compared to almost a half million units for Montreal’s 3.6 million. That’s [...]

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The Log Drivers’ Song of the Week

June 17, 2011 Song of the Week
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I’m finally back on the bandwagon! Here’s a Song of the Week for the first time in far too long. For any readers outside of Canada, the National Film Board makes these little vignettes which I remember as a child playing on CBC. This was always one of my favorites. Have a great weekend!

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Condo Docs: Get ‘em, Read ‘em, Keep Reading ‘em

June 16, 2011 Real Estate
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When you buy a condominium you’re really getting two things when the title gets transferred to you – a piece of real estate and a piece of a business. The guts of what makes a condo different than a free-hold property is the condominium corporation. Because there’s your property is broken in two – your property and the common [...]

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Facebook Ads – That Annoying Friend

May 16, 2011 Uncategorized
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If you’re anything like the Facebook addict I am, you’ll remember a time before Facebook had ads. If you’re like me, you’ll remember Facebook when you had to have an email address from an approved University. This means I appreciate what an intrusion Facebook ads are. They’re like a flashing neon LED billboard in a [...]

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Buying Below List Price – See The Forest And The Trees

April 26, 2011 For Real Estate Investors
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REALTORS® like me have a love/hate relationship with investors. Love: A small handful good clients can transact enough properties to put you into the Medallion level for a city like Edmonton (40 ends or $6.5MM). Hate: Just one or two bad investors can make your life a living hell, take your time from other clients, [...]

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