Positive Outlook for Canadian Economy

Well folks, it is already November and it just seems like yesterday when the year started and already we are thinking about Christmas. The Canadian economy continues to chug along despite the nagging American problems. It’s great to see that little brother can stand on its own two feet. Commercial real estate is really holding its own and the future for Alberta looks quite promising as we are expected to lead the nation in 2011.

In my last report to all shareholders I said “You have entrusted your investments with Redev due to our proven track record. We take this responsibility very seriously. The 5 year outline is an estimate, we have sold projects in the 4 to 6 year range. As most of you know we have just sold Newport Village with a very good return to investors. We are looking at future sales and refinancing in 2011, our objective is to get the best return possible.”

The future indeed looks bright as I believe we have weathered the storm. We certainly encourage you to take a look at Ellerslie Landing and Shoppers/ Giant Tiger REIG, two properties combined into one investment in the City of Edmonton. Remember it is also RRSP eligible and that season is right around the corner. We do not have very much time left, the present project is now 85% sold so don’t be disappointed if you are a last minute shopper, you might as well save those tax dollars and put them in your pocket and remember all the cash distributions are after tax.

Thank you again for your support.

Howard Manley
Senior Vice President, Redev Properties Ltd.

Investments In Canada Blog

Today’s turbulent times have many investors seeking refuge for their investment portfolios. Although many might assume that now is not the best time to invest in real estate, the fact is that the prices of real estate are at the lowest point that they have been in decades. Savvy investors that choose to partner with an experienced real estate professional will be one step closer in diversifying their holdings into an alternative investment that has always stood the test of time.

What sets real estate apart from other investments is that real estate is a tangible asset. It is a physical asset that you can see, touch, and use. People need places to live and shop and companies need a centralized location for their business. It is primarily because of this reason that this investment vehicle has continued to generate wealth for many investors through good times and bad.

Real estate puts the control in the hands of the investor. As an investor in real estate, you can determine what type of property to invest in, and how to best optimize the value of the property. There are a few other investments in which you can have this much direct control. This allows most investors to control their own destinies, in a sense, because the success of their investment will be determined primarily by their vision and investment strategy.

Now keep in mind that investing has always been a team sport, and regardless of your investment vehicle you should never invest alone. If you are thinking about implementing real estate into your investment portfolio make sure that you work with the company that has earned a reputation for acquiring profitable deals that offer a steady income stream, potential equity appreciation, tax advantages, and security for your hard-earned money.

If you want to know how to maximize your returns through investing in real estate, then you need to call us today.

Richard Crenian
President, Redev Properties Ltd.

Alberta Oilsands Facts

We all hear many stories about the Oilsands but sometimes the stories seem to be saying opposite things. Here are some interesting facts that might put things in perspective:

• Not only do the oilsands provide many jobs and economic growth for Alberta but they also give a big boost to the rest of Canada too. For example, more Ontarians now work for the oilsands than work for the Big Three automakers combined, not to mention the economic benefit that comes from Ontario industry supplying the oilsands companies with necessary equipment and technology.
• Tens of billions of dollars are projected to be invested in oilsands growth over the next five years.
• The French company Total plans to invest between $15 billion and $20 billion in Canada over the next 10 years creating 1,300 jobs in it’s oilsands project.
• Some have objected to this development because it will emit 1.5 megatonnes of carbon dioxide a year. How does that compare with other plants?
• Miller coal fired power station in Quinton, Alabama emits more than 20 megatonnes of carbon dioxide per year.
• Scherer coal-fired power plant in Juliette, Georgia emits more than 25 megatones of carbon dioxide per year.
• Tuen Mun in China emits 35.8 megatonnes of carbon dioxide per year.
• Taiwan has one plant that emits 41 megatonnes per year.
• When you combine the emissions from all of the Alberta Oilsands companies they emit about 30 megatonnes per year which is significantly less than single plants in other countries.