Author Archive | Prestigious Properties

Your Investing Rights Will be Compromised!

We want to thank everyone who has already participated in our email/letter campaign against the CSA/OSC proposals for investor limits.  Over 500 letters have already been submitted, but we can do better! This proposed change would be detrimental to the integrity of Exempt Market, and limit investor choice and freedoms. If you have not yet had the […]

Continue Reading

Press Release: Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013

Prestigious Properties Closes One of the Largest Edmonton Multi-Family Acquisitions of 2013 CANMORE, AB – October 10, 2013 /CNW/ – In one of the largest Edmonton multi-family transactions of 2013, Prestigious Properties (“Prestigious”) has completed the acquisition of a 71 unit apartment building for $10.65M. This acquisition will benefit Prestigious’ cash-flow in an expanding portfolio […]

Continue Reading

Risks of fixed mortgage investments

Lately, we’ve seen firms advertise high interest rates again .. using such terms as “guaranteed”, “mortgage backed”, “secured by real estate” or “preferred rate of return” or similar misleading words. We do understand the desire for monthly income, especially by older folks or retirees ! The financial industry is full of clever marketing people, many […]

Continue Reading

Rental properties are solid investments as overall real estate market cools

Why houses/condos may fall in value but apartment buildings do not. There is a common misperception that all real estate classes are created equal. House prices are falling in some cities in Canada, primarily because the rules to get mortgages have changed, such as increased debt-coverage ratios, higher down payments and shorter amortization. This allowed […]

Continue Reading