Welcome to the Edmonton Revenue Property Investors Monthly Newsletter

It's time again and the monthly association meeting of our group has arrived. For those of you new to this e-mailing here are the particulars.

            Once a month on the second Tuesday of each month a like-minded group of real estate investors meet on the second floor at Rosie’s Restaurant. Located at the corner of 105 St. and 80 Ave.  Arrivals at 6:30 and the meeting starts at 7:00 pm. You are cordially being invited to attend. Attendees are required to pay $5 at the door. There is no annual membership charge yet. All attendees and visitors are asked to buy $5 worth of food to support the use of Rosie’s Restaurant 2nd floor meeting room, and please generously tip your server, this helps to support our free use of the meeting room. Please bring a few of your used real estate or self help books that you no longer require to donate to our library or door prizes.  If you park to the east of Rosie’s in the strip mall parking lot, please pick up a free parking pass from the bar to put on your windshield. 

            Each meeting is different as we may bring in special guest speakers for each meeting. Each speaker is uniquely qualified in his or her own specific field of expertise. Even a seasoned investor will be pleasantly surprised with the knowledge gained from attending our meetings. We encourage all attendees to participate at the meetings by asking our speakers your pertinent questions. We need and appreciate your input at all meetings. Like-minded investors can and do learn and help each other to achieve success.

               We really do look forward to seeing you and please bring a friend to our next meeting. If you have a friend that you feel would like to be put on our e-mail list send their e-mail to me.  

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Our guest speaker this month will be: 

Carolyn Pratt – Edmonton Real Estate Board President (2007)

2006 was the most remarkable year for real estate pricing of any market in Canada. As some American Housing Markets suffer, the unique Edmonton market continues to soar. The President of the Edmonton Real Estate Board, Carolyn Pratt, will present a recap of the 2006 market and her predictions for 2007. She will update the forecast based on the experience of the first quarter of 2007.

Carolyn Pratt has been a REALTOR® since 1976 and has worked through decades of change in the industry. As a residential real estate specialist she has embraced technological changes and adapted her skills to an evolving marketplace. However, her commitment to ethics and customer service has never wavered. 

Building on an Arts degree from the University of Manitoba, Carolyn has parlayed her people skills into a successful career. She has been awarded the EREB Medallion Sales Achievement Award and was made a life member of the Edmonton Real Estate Board in 2003. Her skills have also been recognized with awards from her brokerage.

She served as President of the Edmonton REALTORS® Charitable Foundation in 2000 and was elected to the EREB Board of Directors in 2002. She has served on various committees including Arbitration and Professional Standards, Member Services, Awards, Political Action and the Audit Committee. Carolyn has also contributed to the quality of life in the community through involvement in service clubs, political organizations and her condominium.  

Carolyn’s has two adult children who are pursuing careers in the medical profession.

Edmonton Real Estate Board
14220-112 Ave. Edmonton, T5M 2T8
780-453-9323 FAX 780-452-1135
www.ereb.com

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           We will also be talking about the real estate market, landlording, present housing prices and trends for Edmonton real estate, and many more topics. If you have any real estate for rent or for sale please make up some hand outs to give to any attendees and be prepared to stand up and tell us about your handouts. Please network and socialize with the other members and guests before and after the meeting. If you want to list your for rent or for sale real estate online please visit  Rentex Homes  and  Buy Sell Rent Ads ...register and post your properties.  Please visit our approved contractors site  Bookmark this list as it is not easy to navigate to it from our home page. If you know good contractors email me and I will add them to the site.  I am still looking for good south side apartment and commercial buildings, if you hear of any please contact me ASAP!!

If you have any questions at all please e-mail me at admin@rentexhomes.com or call me at 780-433-1481 regarding any of the above.

    See you all at the next meeting,

    Your cordial President, Les Michaelson

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About the Author: Les Michaelson has been an Edmonton Real investor since 1978. His interests are in the hands on operation of acquiring managing and selling of revenue properties of all types.

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This months Real Estate News Articles And Links

We are not recommending the course just interesting success stories. CENTURY 21 Canada: International Executive House Price Survey CCNMatthews (press release) - Toronto,ON,Canada Century 21 Canada Limited Partnership is a real estate franchisor with exclusive rights to the CENTURY 21 brand in Canada and is part of the world's largest ... Don't blame city hall for our low standards Edmonton Journal (subscription) - Edmonton,Alberta,Canada I'm sick of Edmonton looking like a low-rent city. Where are city hall's armada of sidewalk cleaners, street sweepers and power washers? ... Shortage of homes on Lacombe market The Lacombe Globe - Lacombe,Alberta,Canada Like most of Central Alberta, Lacombe’s real estate market can’t meet the demand for buyers because there aren’t enough homes coming on the market. ... Rising costs hit home Canoe.ca - Canada In February, sales rose 5% to 1032 residences, compared with 982 last year, according to Ottawa Real Estate Board president Diane Hatfield. ... National resale housing market stronger in February Ottawa Business Journal - Ottawa,Ontario,Canada ... with the average housing price rising 10 per cent to $311101, according to the latest report by the Canadian Real Estate Association. ... Ontario is best place to invest National Post - Don Mills,Ontario,Canada Places such as Chestermere (growth of 148% from 2001 to 2006,) Airidrie (41.9%,) Irricana (19.2%), still have relatively low real estate prices, ... Real estate prices hit new record in February CBC British Columbia - Vancouver,British Columbia,Canada Big year-over-year price gains were again a feature of the Edmonton and Calgary real estate markets. That's up 10 per cent from a year earlier and is up ... Cdns choose urban sprawl Canoe.ca - Canada Well aware of the environmental alarm bells being sounded, many young parents say a red-hot real estate market has simply made it economically prohibitive ... School closures seen as bad for property values Edmonton Sun - Edmonton,Alberta,Canada "Even the real-estate value is tied to what amenities are in those communities, including schools." School trustees will consider the closure of High Park, ... Home buyers making over Alberta Avenue CBC.ca - Calgary,Alberta,Canada Real estate agent Tom Gariano has sold homes in the Alberta Avenue area for 30 years. He says it's one of the few areas in Edmonton where you can still buy ... Detroit Real Estate Price of housing outstrips rent rises Australia The Age - Melbourne,Victoria,Australia National Centre for Social Economic Modelling research shows the levels of housing stress — where more than 30 per cent of income is spent on rent or ... Edmonton's property market roars ahead Globe and Mail - Toronto,Ontario,Canada “There is some sticker shock,” says Dave Young, managing director in the Edmonton office of real estate service firm CB Richard Ellis. ... Get more *&%$#@! Venting Edmonton Journal (subscription) - Edmonton,Alberta,Canada A venter complained about the cost of rent, student loans and a car loan. Get rid of the car. The city has good bus service and lots of bike routes. ... Students tackle housing crisis The Gateway - Edmonton,Alberta,Canada Another issue that will affect the affordability of housing for students is the 10 per cent residence rent increase effective 1 May, 2007. ... Expect an increase in house prices 630ched.com - Edmonton,Canada Earlier this year, the Edmonton Real Estate Board predicted an increase of 15 percent, but Scotiabank expects it to be higher - but not as high as the 48.7 ... Home-buying fever still runs high Winnipeg Free Press - Winnipeg,Manitoba,Canada ... above list price and another 10 per cent sold at list, the president of the WinnipegREALTORS (formerly the Winnipeg Real Estate Board) said Wednesday. ... Vancouver real estate prices lead the Nation CKNW - Vancouver,British Columbia,Canada Scotiabank has released its Annual Real Estate Outlook and Senior Economist Adrienne Warren says it's that constraint for first time buyers that's pointing ... Thanks for reading our entire newsletter...see you at our next meeting!!! Copyright -  Edmonton Revenue Property Investors Association 2007