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 […]

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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 […]

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PrestProp sells Wetaskiwin & Campbell River Properties to lock in gain for investors

CANMORE, AB – – December 6, 2012 /CNW/ – Prestigious Properties has completed the sale of its townhouse complex in Wetaskiwin, AB to Avenue Living of Calgary for $9.568M. The complex is comprised of 104 townhouse units and the transaction is the largest Wetaskiwin multi-family sale in its history. The property was acquired in 2007 […]

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Our Investment Strategy

The general investment strategy is to locate under-managed, under-valued (and sometimes ugly) properties in growth areas of promising cities (“class C or class B building in a class B area”). This property will be acquired, impeccably managed, appropriately renovated and financed from the start or re-financed after approximately 9 to 15 months. The rents will […]

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Lots of planning and work boils down to a 4-step process

Prestigious Properties’ general investment strategy starts with locating under-managed, under-valued properties in growth areas of promising cities within emerging markets of North America, and then managing these properties to their full potential for the benefit of all investors. Macro-Location: Markets with Declining Vacancies and Rent Growth – sometimes even CAP rate (ration between asset’s cash […]

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