register | confirm account | forgot password
Anu Khullar - RE/MAX River City
301, 10171 Sask. Dr. , Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424
Email

Friday, April 1, 2011 - How global turmoil will affect real estate in Canada...and specifically Edmonton, Alberta

How global turmoil will affect real estate in Canada

Globe and Mail Update
Published Tuesday, Mar. 15, 2011 2:13PM EDT
Last updated Friday, Mar. 18, 2011 4:44PM EDT

From the violent protests in the Middle East and North Africa to the earthquake and unfolding nuclear crisis in Japan, global turmoil is going to "directly affect specific real estate markets across the country," argues real estate expert Don Campbell.

"Our country is uniquely positioned to provide the world with the three 'Fs' - food, fuel and fertilizer - and our supply chain is safe. The inflation in these commodities will drive prices upwards and boost jobs into key areas of the country, which in turn will lead to migration of people to those regions, driving real estate and rental demand upwards. Price increases will follow," he says.

Mr. Campbell is the president of Real Estate Investment Network and the author of the best-selling Canadian real estate book Real Estate Investing in Canada.

Mr. Campbell was here to take your questions on the impact of recent international events on Canadian real estate markets.

Read an archive of the chat conversation, with questions and answers on the globe and mail website article here:  http://www.theglobeandmail.com/globe-investor/personal-finance/how-global-turmoil-will-affect-real-estate-in-canada/article1942853/

What does this mean to Edmonton, Alberta real estate?

A favourite quote from Don's interview was, "[National Averages are] like taking the temperature of everyone in a hospital, then averaging that number to determine the health of every patient."

This is a very accurate analogy, and based on the resources based economy in Alberta, specifically Oil & Gas, the impact on Alberta will be more specific here.  These changes are ones that often take 6 to 18 months to start feeling affects, but as of the first quarter of 2011, many of our investment clients are finding the rental market to be tightening up and vacancies dwindling.  The first impact will be to the benefit of landlords, so now is the time to increase and reposition your investment real estate in preparation.  Within 1-2 years of that, so 2013-2014 we will begin to see strong demand increases on resale and new housing, causing average price increases given current levels of inventory and new construction activity. 

Wondering what this means to you and your situation?  Contact the Preferred Group with RE/MAX River City today for no commitment, and no hassles conversation on what you should do in terms of real estate.  780-701-2626 and ask for John Carter or Anu Khullar, or email us on our contact page.

posted in News at Fri, 01 Apr 2011 14:12:30 -0600



iPhone MLS® Search
Button advertising your iPhone site
MLS® on your iPhone
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Recent Blog Entries
Displays summaries of most recent blog items
Recent Blog Entries
Canada's Mortgage Rules Tightening - Jul 4, 2012

Effective July 9, 2012, the rules for government-backed insured mortgages will tighten in ...

Ice on Whyte festival - Jan. 12-22, 2012 - Jan 9, 2012

Join dozens of ice carvers as they descend on Edmonton this January for a sparkling tribute to the ...

The hot real estate topics for holiday parties 2012 - Nov 30, 2011

Want to be the one in the know at this year's holiday parties?  Well here are our hot topics with ...

November 2011 - Preferred Newsletter - Nov 30, 2011

How is your Christmas Shopping coming along? Still time to buy a new home for the best present ...

October 2011 - Preferred Newsletter - Nov 11, 2011

Ready for winter?Still hard to believe that winter and Christmas are right around the corner with ...

The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. Data last Updated: Sat, 19 Aug 2017 20:37:03 America/Edmonton
This site's content is the responsibility of Anu Khullar, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2017, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker