Invest In Edmonton Real Estate Blog

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Services for Real Estate Pros - Glenn Simon Inc.
Focused on the Alberta oil sands we help investors from all over the word invest in the biggest economic boom of our time.

ARCHIVED BLOG POSTS

2007 

 The Edmonton Economic Development Corporation (EEDC) issued a news release that Edmonton received three "Cities of the Futures" Awards."Edmonton has the best economic potential of any large city (500,000 - 2 million population) in North America according to an independent index published by Fore...
04/28/2007
Rob Carrick my new hero. His article is up there with my last post from economist Paul Krugman."Homeowners in the province know that, and so do shareholders of a few Alberta real estate companies and REITs, or real estate investment trusts. Take apartment landlord Boardwalk REIT - it's up 88 per...
04/28/2007
   Paul Krugman Top Economist   Alberta oilsands area is as rich as the middleast but with more diversity. In fact economists say that "diversity preferable to oil sheikdom""The oilsands are as if we had suddenly discovered a new major Middle Eastern oil producer, which... is not actually in the ...
04/28/2007
Alberta's boom and subsequent labour shortages are slowing down attempts to improve Edmonton's stressed infrastructure."Potholes half a metre across and 10-cm deep are a nuisance on any street, and when they started dotting a major Edmonton corridor driven by more than 120,000 vehicles a day, the...
04/27/2007
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Canadian national resale housing activity hit a record high in the first quarter."National resale housing activity reached the highest level of any quarter in the first quarter of 2007, with a seasonally adjusted total of 129,219 homes sold in Canada during the period, according to the Canadian R...
04/27/2007
I'm pretty benevolent about taxes. I think they are inescapable and thus should be borne as well as possible. Taxes rise on properties because property values rise. "Homeowners will be hit with a property tax hike of nearly 7% this year, after the increase was approved yesterday by city council."...
04/26/2007
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Alberta Canada's economic wonderland is helping revitalize a dying Texas town. Alberta is a wonder province - look what it did to Saskatchewan real estate prices. Thank You Oilsands. "The Lone Ranger rides again in Texas -- but this time with Alberta playing the hero in a real-life economic drama...
04/26/2007
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Found this article in the Edmonton Sun online. I have never seen this house but imagine living next door:"One year ago, Capital Health declared the handyman's nightmare "unfit for human habitation."Among the 29 reasons cited for the condemnation: no siding, no furnace, no running water, no stove,...
04/24/2007
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Here we go stability without stifling the market. One year's notice for a condo conversion is a little long if you are an investor looking to do flip out condos you will have to budget for that year. This will definitely help slow down the market.  "The Alberta government is changing some of the ...
04/24/2007
"Every renter in Alberta is in danger of being gouged because of the Conservatives' refusal to protect them from huge rent increases," Martin told a news conference. "This government has chosen to listen to the interests of the big landlords and real estate investment trusts like Boardwalk rather...
04/24/2007