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 […]
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PrestProp buys largest apartment building in Kimberley, BC
Prestigious Properties is proud to announce the acquisition of the largest apartment building in Kimberley, BC on May 27, 2021 for a true 6% CAP rate for $4.5M – with significant rental and value upside. The asset is a 57 suite, three storey building, with a concrete parkade, with an elevator and with predominately 2 […]
Two ideas for more affordable BC Housing – Rather than a new Tax
There is much debate these days about the new so called “speculation tax” in BC which levies 1% onto Canadians and 2% on foreigners who own houses or condos in BC that are not rented 6+ months. It also levies a 20% foreign buyer tax and expands the taxable region from MetroVancouver to 4 others […]
Alberta real estate, oil, NDP and rental properties
With over $70M in assets in Alberta – and a 15+ year stellar track record there – we have been asked this a lot lately: what about oil, the NDP and Alberta real estate ? Will hell freeze over ? Is orange crush a drink, or an economic impact statement ? Will you sell all […]
Tax time: Congratulations to the Top 20% who pay 66%+ of taxes
End of April . Tax time in Canada. Is your share fair ? Did you know that the bottom 40% of Canadian singles pay only 2.5% of all income taxes all singles pay ? Or that the bottom 60% didn’t pay more than 12.1%? Did you know that the top 20% or top quintile of […]
Real Estate Investing: Impact on ROI using different leverage
Real estate investing is like a three course meal (TM). It has three profit centers: cash-flow (or the appetizer), mortgage paydown (the main course) and equity appreciation through asset improvements and inflationary rental upside (the dessert). One key question in real estate investing is: how much cash to put down and how much leverage to […]
15 Reasons how low oil prices will actually benefit the oilsands
Yes, oil is below $50 a barrel. Yes there are layoffs. Yes GDP in Alberta growth will “implode” to 2%, from an unhealthy super-exuberant 4% in 2013. Yes, oil projects are delayed or cancelled. Yes, Alberta may institute a provincial sales tax. Yet, here are actually 10 +5 reasons why lower oil prices benefit the […]
REIN Blog 10,000 – Why are some folks more successful than others ?
As you may know, I blog a lot, primarily on the REIN knowledge sharing website myreinspace. I just added my 10,000th blog post in slightly over 7 years. Wow. 7+ years .. 1400/year on average .. so about 4 a day on average. Quite doable. Some time and lots of desire to share knowledge. I […]
Edmonton’s “Industrial Heartland” thriving through downturn
BY DAVID HOWELL, EDMONTON JOURNAL JANUARY 22, 2015 Billions of dollars in active and pending construction projects in the Industrial Heartland region will help offset the downturn in other parts of Alberta’s energy sector, a business audience heard Thursday. “With shovels in the ground or shovels we expect to be in the ground this year, […]
Property Values Increase with New LRT Stations or Highway Extensions
One of our most recent acquisitions for Kings Castle LP was the 71-Unit Castle Harbour Property in Edmonton. This property is not only in a great neighbourhood close to a lake but will also benefit from the soon to be completed Anthony Henday ring road. A second example is our acquisition in late 2010 in […]