Developers plan residential development for income property investors poised to profit in anticipation of next regional real estate boom in north eastern BC

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Monday, May-25-15 –  Port Edward/Prince Rupert, British Columbia  –  Developers Alture Properties Ltd., and Kerkhoff  Development Ltd., have teamed up on a strategy to build condominiums in Port Edward, near the terminal site of the Petronas-led $36 Billion PNW LNG project.  “We have acquired the only serviceable land with the size appropriate for building condominiums on a scale large enough to service rental demand during the construction phase and into the future.” said Stephen Duke, Alture EVP and spokesperson for the development team.

Following on Kerkhoff’s recently sold-out development in Kitimat, BC, (Baxter Landing), the team plans to lease up the condo-units and market them to income property investors hungry for cash flow.  “Their 2-bedroom units in Kitimat are leasing up at over $2, 000.00/month on average.  A lack of rental vacancy and these massive new developments in the Prince Rupert area promises a similar situation.” said Duke.

The Petronas-led LNG project is expected to bring thousands of contractors and workers to the area over the next 4-5 years, and approximately 600 permanent jobs when complete.   Prince Rupert and Port Edward have a combined population of approximately 13,000 residents.  Vacancy rates for rental housing have fallen from a high of 11% in 2013 to 6% in 2014.  A recent survey of regional housing indicates an aging inventory insufficient or at a standard below expected demand.  Survey available here

Project image available here:

Media contact:  Stephen Duke | 604.369.2545  Stephen@altureproperties.com

About Alture:

Alture Properties is a Burnaby based real estate development company with an established track record of successful timing entering key markets with projects throughout Alberta and BC, and in high-growth communities such as the Fort St. John.  The company has primarily developed mid-rise multi-family condominiums and town home projects optimized for income property investors looking to own cash flow producing real estate properties in key growth markets. Alture’s Wealthminds™ subsidiary helps educate members on how to design and take action to create a retirement annuity income and cash flow through real estate.  Wealthminds’ 400+ members have purchased more than 200 properties valued at over $74 million. Alture was founded by successful entrepreneurs who shared a vision to bring the wealth-building potential of quality real estate investing to all Canadians, and fans who rave about their homeowner experience as a testament to Alture’s commitment to quality.  www.altureproperties.com

About Kerkhoff:  Kerkhoff Construction has built a strong and respected profile since its beginning as J.C. Kerkhoff and Sons Construction in 1968, both locally and internationally.  From the very first home, built and sold in Chilliwack, BC, Kerkhoff Construction has held firmly to the family commitment to excellence, innovation, and integrity, and above all else, client satisfaction.  Kerkhoff Construction continues seeking out development opportunities for partners and investors, and takes on the role of development and construction management, project management and general contracting for multi-family residential projects, single-family developments, and commercial projects and for specialty projects such as church facilities and community centres.  www.kerkhoff.ca

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Shane Koyczan Olympic Opening Ceremony Poem

“Define Canada

You might say the home of the Rocket
Or The Great One
Who inspired little No. 9s and little No. 99s

But we’re more than just hockey and fishing lines
Off of the rocky coast of the Maritimes

And some say what defines us
Is something as simple as ‘please’ and ‘thank you’
And as for ‘you’re welcome,’ well, we say that, too

But we are more than genteel or civilized

We are an idea in the process of being realized

We are young, we are cultures strung together then woven into a tapestry
And the design is what makes us more than the sum totals of our history

We are an experiment going right for a change
With influences that range from A to Zed
And yes, we say ‘Zed’ instead of ‘Zee’

We are the brightness of Chinatown and the laughter of Little Italy

We dream so big that there are those
Who would call our ambition an industry
Because we are vineyards of good year after good year
We reforest what we clear

Because we believe in generations beyond our own
Knowing now that so many of us
Have grown past what we used to be
We can stand here today
Filled with all the hope people have
When they say things like ‘someday’

Because we are more
Than a laundry list of things to do and places to see

More than hills to ski
Or countryside ponds to skate

We are the abandoned hesitation of all those who can’t wait

We are first-rate greasy spoon diners and healthy living cafes

A country that is all the ways you choose to live
A nation that can give you variety
Because we are choices
We are millions upon millions of voices
Shouting, keep exploring
We are more

We are the surprise the world has in store for you, it’s true
Canada is the ‘what’ in ‘what’s new’

So don’t let your luggage define your travels
Each life unravels differently
And experiences are what make up
The colours of our tapestry
We are the true North
Strong and free

And what’s more
Is that we didn’t just say it
We made it be”

Kirin Photo Gallery on Facebook: Here

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Announcements

We at Alture Properties have recently announced to our Wealthminds Network that we have opened up the opportunity to own part of Alture Properties amazing success. We are happy to say that we have blown way past our expectations in the number of shares bought. Currently, there are a limited amount of shares left. Again, we would like to give priority to our network do any last minute reservations before time runs out.

Don’t Miss Out

Just a quick reminder that our program is RRSP and TFSA eligible. We are closing the opportunity by the end of the month, however, if you reserved today we will be extending the processing period into the next month for those who reserved. If you haven’t already signed up, contact us ASAP! We don’t want you to miss out on a once in a life-time opportunity!

Contact Us to Reserve Shares!

How Was Your Year?

A New Years Message

Before we go all crazy with holiday parties and christmas shopping, this is a really good time to reflect. Most people (including ourselves) tend to reflect after the new year has started, which means we’ve completely given up on our goals for last year and just made some new ones that we will most likely forget until the next year starts again. So let’s break this pattern. There isn’t a lot of time left before we get sucked into the cyclone of holiday activities. But let’s think back, is there something that we wanted to do better this year? Take more action? Learn more? Achieve more?

Here’s an activity that our team would be doing and we’d like to extend the invitation out to you. We are looking back on our New Year’s Resolution list and looking to see what we can do today. Yes, right now! Even if it won’t accomplish the whole task we can get an early headstart for next year. The objective is to break the pattern of not taking action on our resolutions year after year. We are excited to see what positive changes will come from this. Good luck with yours too!

The Original Appreciating Asset

A Story on Real Estate

by Sam Chung of The Wendy Cheung Real Estate Team

Pt. 1 Demand for Space

What is real estate? Is it Land? House? Apartment? Storefront? Technically, the definition of real estate is land plus anything permanently fixed to it. Why is that important? And why is there such high and seemingly never-ending demand for it? Well real estate ultimately boils down to space. Like air and food, space is another necessity in this experience we call life. Physically, we occupy space. We also need empty space to move in and around. It is very scientific to say that in order to live we need space as much as we need food to eat and air to breathe.

Sure we can understand that, but it’s very odd to say there is a demand for it. Isn’t space just, nothing? Isn’t space just what’s between two objects? Well this is how the demand for space (real estate) developed. If you can imagine, there was a time when humans were nomadic. Like the natives were before the Europeans came to the “new world”, we traveled from one place to another chasing food. All land and space use to be the same, it’s just a means to get from one place to another and there wasn’t any thoughts that would describe one land as better than another. However, when humans adapted to farming, certain lands became more desirable than others. Areas around water became more desirable for growing food, and therefore created a distinction between different parts of land. As more uses were developed, the attitude towards changed. We can do more things with the land, therefore making it more valuable. Even before we talk about the monetization of it, we already see that the attitude towards land really links to the idea of sustenance. We need it to survive; therefore, there will always be a seemingly never-ending demand for it.
Quick Tip: The demand for land was based on how much food it can produce. Back then, you had to live near food producing lands that provide a surplus of food to support other industries and its people. Now-a-days, we find that occupation, areas where jobs are easy to find and pay more, will cause the real estate to be more in demand. Because food can be efficiently delivered, we are no longer tied to live near rivers and lakes (though water front properties are still usually worth more).

Don’t forget to sign up for this big event!

SPECIAL INVITATION

Wealthminds + Alture Properties Showcase Event
Wednesday, November 19th 2014

Limited Seating RSVP Required

Location: Hilton Vancouver Metrotown
6083 McKay Ave, Burnaby, BC

Time: 6:30pm-7:00pm Registration, Refreshments and Appetizers
7:00pm-9:00pm Showcase Event

Please register online by clicking here:

Get My Ticket!
or by texting this number 604 818 8238
Please provide your Name, Number, and Email
 

SPECIAL INVITATION

Wealthminds + Alture Properties Showcase Event
Wednesday, November 19th 2014

Join the Wealthminds and Alture Properties teams for an exciting Showcase Event!

  • Join us in celebrating the success of our Weathminds Network that has now purchased more than $72,000,000 in real estate! Learn how they did it.
  • Hear from some of the people in Wealthminds who are building retirement portfolio’s.
  • Learn about some new developments and plans for our Wealthminds program.
  • Get a sneak-preview of upcoming Alture income producing real estate projects in Canada’s hottest markets, reserved for people in our Wealthminds Network.
  • Hear directly from Alture’s founder Peter Cheung, who was named Canadian Real Estate Wealth Magazine’s Inter-provincial Investor of the Year in 2012, and was awarded Player of the Year in 2008, 2009, 2010 and 2011, 2012 & 2013 by the Real Estate Investment Network (REIN).
  • Hear an exciting announcement from Alture Properties about a never before offered opportunity reserved for our Wealthminds Network and Alture Clients!

Limited Seating RSVP Required

Location: Hilton Vancouver Metrotown
6083 McKay Ave, Burnaby, BC

Time: 6:30pm-7:00pm Registration, Refreshments and Appetizers
7:00pm-9:00pm Showcase Event

Please register online by clicking here:

Get My Ticket!
or by texting this number 604 818 8238
Please provide your Name, Number, and Email

…The best time to retire is whenever you feel like it…

~Anonymous

You love your job! It’s ok to admit it. You wouldn’t have put up with all the struggles of education if you hated it. Your job also provides you with the living you currently enjoy, and that’s something to be grateful for. However, there is always a moment in everyone’s life where they wished they can just sleep in, or spend more time with their family and loved ones, or just explore this vast world that we only get to see once in this lifetime. That is the moment where you wish that you can retire right on the spot regardless of your age.

It is in everyone’s best interest to be prepared for that moment, no matter what your age is. If we begin to take responsibility for our personal retirement plan, we can expect a very bright future. This is what Wealthminds hopes to bring to our members. We want to act as the learning bridge for you to live the way you want to live, and it starts with enriching your state of mind towards financial comfort and freedom.

 

Day: Thursday, Sept. 18, 2014
Time: 7pm – 9pm
Location: Alture Properties Head Office #111-3823 Henning Drive
RSVP via Email
RSVP via Facebook

 

What Have We Been Up To Lately?

MidCity:

This summer we’ve been busy with our MidCity Calgary project and it’s quickly coming out of the ground. You can see progress photos here. Sales of Condominiums in Calgary are up 10% so far this year according the CREB.  That means our early buyers have already made 100% Return on their deposits!!  We are over 55% pre-sold and selling fast.  We haven’t raised prices in step with the market, but we plan to, so don’t miss out.  Contact me ASAP by reply email if you want to take advantage of Calgary’s tight, hot market.

Courtyards:

We are also nearly finished construction on our Courtyards at Chestermere AB.  Buyers will take occupancy very soon and we are already marketing Phase II, so get in touch if you’re interested in more info here or simply reply to this email and I will assist you myself.

You’re Invited: 

5 Easy Ways to Retirement Used by Highly Successful Investors

On Thursday, September 18, 7:00pm, the Wendy Cheung Team will be presenting a Wealthminds Event: 5 Easy Ways to Retirement Used by Highly Successful Investors. As with all other Wealthminds events, this is surely to be a night of inspiration, education, and fun. Be sure to mark your calendars! You wouldn’t want to miss out on this event.

Date: Thursday, September 18, 2014

Time: 7:00pm – 9:00pm

Location: Alture Properties Office #111 – 3823 Henning Drive

RSVP to: stephen@wealthminds.ca , Thank you!!!

Want to Learn About Our Limited Partnership Opportunities?

We invite accredited investors to co-invest with us as limited partners. Your investment provides the same returns we earn as a developer. We believe in alignment of interests. Your capital is never “pooled” or locked up indefinitely. Instead, you get to evaluate the opportunities and invest on a project by project basis just like us. You’ll see the pro forma and make an informed business decision just like us. For more information please contact Stephen Duke @ 604.369.2545, or reply to this email with your contact info indicating your interest in Limited Partnership opportunities.

Alture Properties | summer update

The Calgary Real Estate Market is Hot: Don’t Miss Out!

Below are the CREB’s latest market stats for Calgary.  You will note the market is showing price growth and increased sales activity.  Also, “days on market” has come down significantly.  While listings are up, demand is absorbing it well.  

So, the Calgary condo market is on fire; what does this mean to you the income property investor?  Well, Calgary has the lowest vacancy rate in the country, economic activity continues to support growth, and guess what?  If you had bought one of our MidCity Midnapore 2-bedroom condos with 10% down you’d have already DOUBLED your investment for 100% ROI.  What’s not to love?

It’s not too late; we haven’t raised prices yet. but we surely will if this price growth continues at this pace.  Contact us for more info by emailing us: clientcare@wealthminds.ca

Calgary Real Estate Board August Statistics CREB

Annual/YTD 2012 2013 % change 2013 YTD 2014 YTD % change
Total Sales 3,500 4,005 14.43% 2,637 3,199 21.31%
New Listings 5,710 5,594 -2.03% 3,934 4,962 26.13%
Active Listings 553 479 -13.38% 733 1,065 45.29%
Benchmark Price 244,992 266,350 8.72% N/A N/A N/A
Median 251,500 261,000 3.78% 259,000 285,000 10.04%
Average Price 284,666 299,536 5.22% 298,759 325,193 8.85%
Pending Sales 32 15 -53.13% 76 45 -40.79%
Days on Market 53 43 -18.87% 43 35 -18.60%

About MidCity Midnapore:

Alture Properties has an exciting new development paving the way for astute investors to make real financial returns in the heart of Midnapore Calgary. Alture MidCity is a low rise apartment complex offering amazing value at a phenomenal location close to transit, shops, schools and restaurants.

Walkscore: 77

A property’s “walkability” has become increasingly important for both Investors and Home Buyers as it helps determine value retention and future demand. Alture MidCity is strategically located within a half kilometre or a five minute walk from countless restaurants, retail, grocery stores, and schools. Combined with the close proximity to two rapid transit stations, Alture MidCity is anticipated to attract socially responsible tenants.

Financing Your Investment Property

Buying an investment property is a popular option for Canadians looking at different ways to invest their money. However, unlike the mortgage you took out on your principal residence, financing an investment property is a little more complex. The number of units in the building and whether or not you’ll be occupying one of the units are the two major components that control what your financing will look like. Let’s take a look at how investment property mortgages work in Canada.

Investment Property Mortgages

When you start shopping around for an investment property, the first thing you need to consider is the number of units your building will have. Most buildings with 1-4 units are zoned residential, so the qualification criteria and financing options from lenders are only slightly more difficult than that of a mortgage similar to what you have on your principal residence. However, buildings with 5 or more units are zoned commercial, so a lender would require that you take out a commercial mortgage on it. With a commercial mortgage, the qualification criteria is even tougher to meet and interest rates are often much higher.

If it’s a multi-unit property, the second thing to consider is if you, the owner, will be living in one of the units or not. If you will be occupying one of the units, the property would be considered owner-occupied. If all of the units will be rented out, your property would be considered non-owner occupied. The major difference between the two is how much of a down payment you need to make.

Calculate your Income using this calculator

investment property finance

Touch Choices: financing your investment property in Canada

Where we Invest and Why?  It’s a No-Brainer

We focus our investments in areas where we see low vacancy rates, stable rents, economic activity and limited inventories of affordable products.  Where we invest and why is pretty simple to understand and this infographic tells the story well. More information on specific projects can be found here

Where we invest and why?

Real estate is one of the safest and most profitable means of creating wealth. Alture Properties makes real estate investing in Canada simple and hassle-free, maximizing long-term growth potential while minimizing risks. We complete the due diligence on all projects and provide a turnkey approach to real estate investing. Our clients always maintain complete control with the security of 100% title ownership. Join our rapidly growing network of wealth-builders and get:

 

  • Access to opportunities before they are listed
  • Purpose-built for rental in high-growth, desirable locations
  • In-house property and rental management services
  • Affordable prices from: $175,000-$300,000
  • Net cash flows with potential up to 7%