Wednesday, June 29, 2011

Currency trading

Got this note from my currency trader, thought it was interesting:

I just wanted to send a quick market update as the Canadian dollar has improved from the mid 0.99s (where it was trading the past two day) and has rebounded to the mid .97s (better than par). There is still fear in the market that the Canadian dollar will lose its parity over the next few weeks so I wanted to let you all know the rates as it may be a good time for you to buy USD.


Today, the Canadian dollar can contribute its gain following a stronger-than-expected Consumer Price Index reading for the month of May. Both the headline number and core number beat expectations. The result was led primarily by the energy and goods sectors specifically gasoline, fresh fruit, and insurance, according to Statistics Canada. This puts annualized inflation at 3.7%, its highest level since 2003, and well above the Bank of Canada’s (BoC) 2.0% target.

The market is waiting to see if Bank of Canada’s Governor Mark Carney, will increase interest rates because of the inflation rate. However, expectations are low that this one inflation increase will be the tipping point. Carney has been vocal in the past about the negative consequences of a strong Canadian Dollar. Carney believes that it is in Canada’s benefit to have the USD stronger than the Loonie as the recent price volatility in the commodity markets due to the soaring Loonie has negatively impacted on the Canadian economy.

As a side note, I just returned from a business trip to Arizona where I had the opportunity to meet the top real estate agents as well as an accountant, builder and a banker that specialize in dealing with Canadian clients. The Phoenix and surrounding areas are booming, demand is up and supply is down. I believe the most exciting news is that there is a banker in the US that has been successful in getting Canadians mortgages in the states. If you would like to speak to one of these individuals please email me and I can provide their information

If you would like to put a market order in to target a specific rate or you would like to know the exact rate we are trading at, please give me a call. I look forward to speaking with you soon.


Annelies van der Made, BComm
Private Client Manager - Foreign Exchange Broker
FIRMA Foreign Exchange Corporation
Toll Free: 877.423.2217
Toll Free Fax: 866.408-6946

Friday, June 24, 2011

Large Condos

Often I get people asking me if they can buy a larger condo.  I have found a great site in Westboro featuring 1200 to 1600 sqft condos.  These will be completed in 3 years, perfect for the downsizer who is starting the process now in preparation for 3 years from now.

Email me for more details - greg@bennettpros.com

Condo Town Home Launch - June 28

Newest condo town home launch in the heart of Central East Ottawa, inside the Greenbelt and minutes from Trainyards, St Laurent Mall and CHEO/General Hospital, is starting from $179,000 (one level Euro flats).  Terrace towns starting from $239k (to $290s).  Comparables on MLS are selling $250k to $325k.

Get in on the ground floor!  Only $20,000 deposits to builder.  Closing in August 2012.  Lovely one and two bedroom layouts, with low condo fees (low one hundreds).  Some units with outdoor parking and some with underground parking. 

To learn more and get in the pre-public queue become a Bennett Insider VIP, get special pre-public pricing.  Email me today - greg@bennettpros.com

Send me your complete name, email address and phone number. 

Thanks!

Friday, June 10, 2011

Granite - bought $94,500 - sold $129,900

APPROXIMATE INVESTOR PROFIT - $9,413
- (after taxes, expenses and all fees)

Desert Sands - bought $136,000 - sold $179,000

APPROXIMATE INVESTOR PROFIT - $12,631

- (after taxes, expenses and all fees)

 

San Carlos - bought $126,000 - sold $181,600

APPROXIMATE INVESTOR PROFIT - $22,030
- (after taxes, expenses and all fees)

 

Erie - bought $104,500 - sold $139,000

APPROXIMATE INVESTOR PROFIT - $8,263
- (after taxes, expenses and all fees)

90th - bought $257,100 - sold $319,900

APPROXIMATE INVESTOR PROFIT - $20,346

- (after taxes, expenses and all fees)


25th - bought $112,000 - sold $150,000

APPROXIMATE INVESTOR PROFIT - $10,344
- (after taxes, expenses and all fees)

New Condo Towns and Euro Flat Opportunity

In the Eastern part of Central Ottawa, a new construction home site will be opening  this month.  This property is a collection of stacked town homes and euro flats.  These properties are built from wood and feature closings in the eight months to one year time period.  These properties will start in price from $190,000s to the $270,000s.

This site is perfectly located, discover all amenities — shopping at the St. Laurent Centre and The Trainyards, or a visit to Starbuck’s, grocery stores and restaurants. Nearby recreation opportunities include the community centre, soccer field, the Athletic Club and a local park with a pool. The Children’s Hospital and the Ottawa General Hospital are close by and there is easy access to the Queensway taking you downtown in seven minutes.

Phase I is made up of one-level Euro Flats with underground parking, both one and two bedroom options and two-storey stacked towns with two bedrooms.  Plans offer two full baths or a bath and a powder room.  Five appliances are being included. condo fees are in the low $100s per unit.

These properties will cash flow over $300 per month with 25% down. 
 
For more information, please email me at greg@bennettpros.com

Our visit to Phoenix to look at homes.

The trip to Phoenix went well. We met with Tim and his team. They walked us through the process and showed us a list of homes that were being sold at the auction that day. Sue and I drove out to look at a couple of properties from the day’s list to see them ourselves. They were both out in the suburb of Surprise in Phoenix. We were very impressed with the quality of the homes.


We also spent some time with Dale, the accountant. It was very informative! We also bought his new book, focusing on cross border real estate investment! We will be working with Dale and a Lawyer that he recommended to set up a Limited Liability Limited Partnership in the US.

We are targeting to have money transferred and to starting bidding next week!

Thanks!
Phil and Sue

Tuesday, June 7, 2011

House for sale www.2162quinn.com

http://www.2162quinn.com/ - Open house Sat/Sun 2-4. Stunning, stylish designer home straight from a magazine, on a private cul-de-sac, adjacent to massive Grasshopper Park, one of a kind home! Looking for that one in a million, here it is, tons of upgrades: 3 bed, 3 bath, landscaped pool, exotic granite, dark hardwood, stainless steel, family room with chic bar, gorgeous spa bathroom. Move in ready today! http://www.2162quinn.com/







Saturday, June 4, 2011

New Condo Investment

I bought with Greg from Bennett pros because he seem to keep getting exclusives on all the best projects. They manage to get into a development very early so I was one of the first people to 'cherry pick' a unit. Greg guided me in the right direction and showed me the best projects/units to go for.


I was just getting confused with all the different developments out there. He showed me the one which will make me the most money and as an investor that is what I am interested in most. The new condos I have sold thus far are the proof, showing top notch returns in excess of the average in the marketplace.

Thank you
Joe