January 1st, 2016
Happy New Year!
I hope you, and your families had a chance to enjoy time together this holiday season.
A housekeeping note, as always please ensure you keep this month’s financial statement in a safe place, as it summarizes your property’s income and expenses for the 2016 tax year. As mentioned last month starting today you will be receiving a new version of the financial statements. For clients that have returned to their property this year, please ensure you have retained any files you want from the Power Properties Owner’s Portal, as your portal access will be deactivated.
Finally some good news is on the horizon for Alberta, Alberta is set to lead the country in GDP growth for 2017, and apparently, the worst of the downturn is behind us. For full details, you can read the article here. While this is not expected to translate into any significant short-term changes in unemployment in Calgary, it is still heading in the right direction.
For those of you thinking of adding to your real estate portfolio this year, I would suggest speaking to any one of our talented Realtors® who specialize in investment properties. They can help you find the right property at the right price, provide accurate rental assessments, and hand the property over to our Property Management division, creating a seamless one-stop process for you. Click here if you would like to be put in touch with one our Realtors®
If real estate investment is on your mind you may wish to check out Calgary’s new proposed Green Line LRT route, as access to public transit typically results in a boost in value. This boost is generally not seen until the line is physically built, so there is an opportunity to purchase property in today’s depressed market with the knowledge that localized prices will increase in communities served by the new LRT line.
The Calgary Green Line LRT line route
With that, I wish a very Happy New Year to you, and your families!