Globe&Mail article: If being a landlord is part of your retirement plan, read this first

Based on a short interview a few weeks ago they happened to mention Thomas Beyer, President of Prestigious Properties in this article that you find a good read. https://www.theglobeandmail.com/life/article-if-being-a-landlord-is-part-of-your-retirement-plan-read-this-first ” … Going big made all the difference for Thomas Beyer, who bought his first rental condo for $80,000 in Calgary in 1997 and quit his […]

Continue Reading

Achtung: Inexpensive energy is critical for economic growth !

Humans require energy. Humans in an industrialized and growing / affluent society require more energy than tribal groups with low living standards. Developing nations, be they in S-America, Asia or Africa require far more energy than before. One of my interests always has been energy, the price of energy, renewable energy, nuclear energy, energy conservation […]

Continue Reading

PRESTIGIOUS PROPERTIES ANNOUNCES $6.3 MILLION MOBILE HOME PARK ACQUISITION IN CENTRAL ALBERTA

Canmore, Calgary, Vancouver, July 6, 2017 – Prestigious Properties Group (“Prestigious”) (www.prestprop.com) is pleased to announce the acquisition of three mobile home parks with over 160 pads in Central Alberta for $6.3M, well below appraised value. Prestigious Properties acquires and manages undervalued apartment buildings and mobile home parks in Western Canada. “In Western Canada, investment […]

Continue Reading

New mortgage rules: landlords rejoice and would-be buyers weep

The government of Canada over the last week announced a number of changes, incl. reporting requirements for SFH (single family homes) and tighter mortgage lending requirements. Because the Bank of Canada will very likely not raise interest rates – as it will make the currency artificially high, negatively impact stock market values and curb investment […]

Continue Reading

Prestigious Properties – New Acquisition!

Prestigious Properties is pleased to announce that it’s most recent LP, Kings Castle LP, bought a 67 pad + duplex Mobile Home Park (MHP) in Cranbrook, BC for $2.7M after a lengthy search for MHPs in various locations of BC. Many MHPs are priced on re-development land value and often trade for well above $60,000 to $90,000 per pad. This represents […]

Continue Reading