Real Estate Investment Network
Unit A 33623 Wildwood Dr. V2S 3P3 Abbotsford, BC, Canada

REIN Members a reminder that your first Member meeting of the year is tonight at 6PM PST 7pm MST and 9pm EST look forward to seeing you there we have an amazing agenda lined up for you!

*member exclusive* - check your email for your link to join us tonight at 6pm PT/9pm ET

Thank you to our Trusted Partners for being a vital part of The Real Estate Investment Network!

February 6th & March 6th - learn the success formulas that have resulted in over 151,000 investors achieving over $5.3 billion in real estate wealth. This was a solid day at ‘the school yard’. Great info from all of you. Thanks for helping with my ‘MREI’ - Masters in real estate investing -Merilee W. & attendee from our January intensive. Get your ticket here: https://reincanada.com/events/reic-intensive/

New! In the latest episode of The Everyday Millionaire Podcast, Steve Saretsky shares his concern for the financial landscape with mortgage deferrals, foreclosures, and the government’s affinity for money-printing. He shares insight about what’s hot in the Vancouver market, the macro-economic landscape of Canada, what policymakers are up to, and how these may affect the real estate market. Never miss an episode! Subscribe and listen to the latest episode here: https://theeverydaymillionaire.ca/critical-thinking/

LAST CALL to register to attend this weekend's (January 9th) Real Estate Investing in Canada Online Intensive with us! Get your ticket here: https://rein.swoogo.com/reic-intensive

REIN in the NEWS! Canada’s housing market is slumping: REIN The housing market is driven by the rental market, which is driven by economic health like GDP, jobs, and population, and the pandemic has resulted in a tremendous decrease in GDP, job losses, and population has been put on hold with closed borders, Jennifer Hunt, REIN’s vice president of research, told CREW. https://www.canadianrealestatemagazine.ca//canadas-housing

There are SO MANY QUESTIONS for BC Investors. What really happened in 2020 and what are the trends for 2021? Talking Fraser Valley and Vancouver by the numbers and where is the smart money going?

As COVID-19 relief programs wind down, bankruptcies are starting to spike again After a lull in the early days of COVID-19, more and more Canadians are starting to file for bankruptcy again, and experts in the field say government has to do more and soon or the economy could face a tsunami of insolvencies in the coming months. https://www.cbc.ca///insolvency-bankruptcy-covid-1.5798319

Check out some of the feedback we’ve been receiving from our recent Real Estate Investment Network Summit. Thank you so much for all of your amazing comments, feedback and suggestions.

Are you stuck in an old story? After this weekend's Real Estate Investment Network Summit we've seen first hand where people are going wrong (and right!)

Moderna says its coronavirus vaccine appears to be 94.5% effective Moderna said its vaccine appears to be 94.5 per cent effective, according to preliminary data from the company's still-ongoing study. A week ago, competitor Pfizer Inc. announced its own COVID-19 vaccine appeared similarly effective. The vaccine is among those Canada has pre-ordered for its population. https://www.cbc.ca//moderna-vaccine-test-coronavirus-1.580

1.5 days of non-stop learning & networking with real estate investors and experts across Canada! Get your Summit tickets here: https://rein.swoogo.com/summit

If you want to raise capital - now could be the best time!

Opinion: Tens of thousands of federal workers on paid leave at home over COVID while private sector workers lose jobs. According to Statistics Canada, between February and April, 21.8% of private sector workers across Canada lost their jobs compared to just 5.6% of all civil servants federal, provincial and municipal. Hard numbers, while 58,546 federal civil servants stayed home with pay while not working, 2,704,000 private sector workers lost their jobs. http://ow.ly/jWy850Cqtze?

Brett Turner of RedLine Real Estate is giving us a look back at 2020 and looking ahead of 2021.

At some point in your real estate investing journey, you're going to run out of money and you'll need to raise capital. Find out how find and filter promising JV Partners at one of our upcoming Raising Capital Webinars (free to attend!). 3 dates to choose from - sign up here: https://rein.swoogo.com/raising-capital-webinar

How the port authority's work is creating jobs for British Columbians. Summary of infrastructure projects supporting Canada and BC's economy and jobs. https://dailyhive.com//vancouver-fraser-port-authority-reb

The power of stoicism in today's world. New episode of The Everyday Millionaire Podcast is available now! Listen & subscribe here: https://theeverydaymillionaire.ca/the-power-of-stoicism/ With a deep desire to learn, understand and find a philosophy that resonated with his pursuits, Donald Robertson embarked on a broad adventure into self development. Stoicism and Cognitive Behavioural Therapy (CBT) became his primary focus and led him to author six books on these subjects. In this episode, Donald talks about how he feels academic classicists and philosophers missed out on the rich learnings provided by the stoics and how connected CBT and Stoicism really are and much more!

In the latest episode of The Everyday Millionaire Podcast and the first of a series featuring REIN Member guests, find out why @sShayle Rothman decided to become a real estate lawyer and the aspects he thrives on the most. Never miss an episode - listen and subscribe to The Everyday Millionaire Podcast now! https://theeverydaymillionaire.ca

This is a SCARY time for many investors and business owners... what do you do? We also discuss AIRBNB https://maccoshamlofts.remi360online.com/Visit-MacCosham-Lo https://ishiftthinking.com/

We’re in-the-trenches and DIGGING DEEP with some of the world’s TOP economists and real estate experts at The Real Estate Investment Network Summit on November 13 & 14. Learn how to thrive - amidst economic uncertainty and COVID. Yes, even in up markets and down markets. Get your ticket here (registration closes soon!): https://rein.swoogo.com/summit/

November 23 - live virtual event! Learn the PROVEN success formulas that have resulted in over 151k investors achieving $5.3B (growing daily) in real estate wealth. Link in bio. This one day intensive is a great place to start if you’re new to real estate investing and aren’t sure where to start. (Or to make sense of all the real estate investing strategies you may have collected during your own personal research.)

AB invests in quantum research at UCalgary. The University of Calgary has received an $11.8M investment from the Government of Alberta that is intended to promote new jobs in the quantum-technologies field. Steps to diversifying Alberta's economy. https://www.academica.ca//ab-invests-quantum-research-ucal

CONGRATULATIONS to our winners...Lisa Lowry, Jose Figueroa, Spring Quapaw, Eve & Miri Ramotowski, and Brenda Rost!

Act fast, ticket prices are increasing! 24 hrs left to get your early-bird ticket to The Real Estate Investment Network Summit (virtual, of course ;) ) on November 13 & 14. Click here to purchase your ticket: https://rein.swoogo.com/summit

Great agenda line up for this weeks REIN Member Meetings: Rent-Ready Renovations, Market Update, In-The-Trenches Networking, SHIFT with Patrick Francey and Steffany Hanley, What's Behind The Curtain... WOW WOW - So much to cover!

Altus Group Report finds Calgary's residential property tax rate hike among Canada's highest. Last November, council moved some tax burden from businesses to homeowners. Residential rates increased by about 13 per cent in 2020, as commercial taxes dropped by 11.9 per cent. Calgary’s revenue-neutral property tax system means the city must collect the same amount of property tax regardless of assessment changes. https://calgaryherald.com//report-finds-calgarys-residenti

October has been action-packed with real estate investing events! From Member Meetings to Masterclasses, free training webinars and working sessions, we offer strategy-focused events suited for all levels of investing. Visit us at reincanada.com/events and register to attend an upcoming virtual event with our Real Estate Investment Network Community! Pro-Tip: if you're not already a member, we recommend starting with a Winning in Real Estate webinar (they're free to attend!)

#micdrop Miss last week's Raising Capital webinar? Your next chance to attend is October 20. Register here: https://rein.swoogo.com/raising-capital-webinar

*REIN MEMBER EXCLUSIVE!* November 4 at 730am PT and ET. Pour a cup of coffee and join your REIN community for connection and conversation. (We’re sure we’ll have LOTS to talk about this month given everything that’s going on south of the border. )

SHIFT Masterclass - November 3 @ 8pm ET. THEME: The Freedom of Powerful Decision Making. (*Members - we have already emailed you your Masterclass invite)... Who is this class for? Deep down, you believe in yourself, but you lack the confidence and you don’t trust your decisions. You know you have decisions to make, but are avoiding them or procrastinating making them. You feel like you can’t move forward until you have everything figured out. You recognize your paralysis by analysis tendencies. Decision making is a learned skill that needs to be trained and practiced. Patrick and Steffany will walk you through the steps to understanding WHY making decisions can be a challenge. Give yourself the opportunity to take one, small, safe step toward discovering and understanding the freedom that accompanies powerful decisions. There’s no right or wrong answer here - DECIDING on the choice to SHIFT is yours. (*Not a member yet? Tap this link & subscribe to unlimited Masterclasses: https://rein.swoogo.com/masterclass

Renovations are tricky. At the upcoming Summit we dive deep into how to renovate for profit. https://rein.swoogo.com/summit/630846

Cenovus is merging with Husky Energy: What that means for jobs and the future of the oilpatch Instead of buying Husky, it's a merger. Both companies are carrying a relatively hefty amount of debt and that's why joining forces made financial sense. While the oilpatch has struggled for many years, this deal is happening in a remarkably unique time in the industry, with many companies bleeding money with historically low oil prices that even turned negative this year. https://www.cbc.ca//bu/cenovus-husky-merger-risk-1.5776473

Thanksgiving a time for reflection, and gratitude, what are you grateful for?

Ottawa housing market continues price gains, despite pandemic Over the last three years, housing in the city has seen the biggest price increases in the country. And prices have continued to climb during the pandemic. The year over year rise in home costs in Ottawa from 2019 to 2020 is drastically higher than it was from 2018 to 2019. https://capitalcurrent.ca/ottawa-housing-market-continues-/

How satisfied are you with the life you have created for yourself? SHIFT Masterclass (November 3 | 8pm ET) is a next-level invitation to reflect and consider the truth about yourself. Where you are, where you are not and to own the life you have created. Are you feeling the call to create SHIFT and equip yourself for a world that is rapidly changing?... Join Patrick Francey and Steffany Hanlen for a guided values-based conversation on the power of decision-making. Subscribe to Masterclasses here: https://rein.swoogo.com/masterclass

Real estate market going through 'recalibration' of supply, demand The condo market in Toronto is strange right now. Properties that would have been snapped up in multiple offers even a month ago are sitting with just a handful of showings. It’s a tough moment to be a seller, and a challenging moment to be an agent trying to make sense of what’s happening. https://torontosun.com//lackie-real-estate-market-going-th

RBC Economic Update: Canada GDP recovery losing steam ahead of virus resurgence. GDP grew 1.2% in August, and has now retraced three quarters of activity lost in spring. Outlook beyond September clouded by virus spread and containment measures http://ow.ly/ctn150C7PAR

Rental-housing shortage looms for Ontario as London just 'keeping afloat' Ontario will face a shortage of nearly 200,000 rental units over the next decade, a new study suggests, with other data indicating London will need between 700 and 800 new units a year to keep up with the demand. https://lfpress.com//ontario-predicted-to-face-shortage-of

Canada's Atlantic region closed out world to beat COVID-19, and the economy has done OK The border restrictions along with tough public health measures helped the east coast provinces, which have a combined population of 2.4 million, tamp down COVID-19 early on and largely keep the virus at bay even as the rest of the country entered a second wave of infections. http://ow.ly/9IBW50C7PzR

From our REIN Family to yours, Happy Thanksgiving weekend!

Patrick Francey explains how investors or potential investors in real estate need to educate themselves on the larger trends in the Canadian economy in order to inform their decisions about investing. Immigration, job growth, consumer confidence and GDPwhich have all been negatively impact by COVID-19will affect the real estate market and investors must be aware. Thanks for having us on your recent podcast, TheFutureEconomy.ca

MISSING MILLIONS: Patrick & JG swop stories on how listening to the wrong people has cost them millions over the years Want to learn more about REIN: https://linktr.ee/reincanada

RBC Economics: October Canadian job report to show early impact of virus resurgence. Canada slowed to 50k in October after a stronger-than-expected 378k increase in September. Consolation prize: jobs recovery has been notably faster here than in the United States. http://ow.ly/aaTy50C7PyU

Calgary Transportation: Decades in the making, southwest ring road from Highway 8 to Fish Creek Boulevard to open to traffic, flowing southwards from Glenmore Trail and Sarcee Trail over three crossings over the Elbow River. Check out the impact of transportation on real estate values in this REIN Transportation Effect Report, https://info.reincanada.com/rein-research-reports-2. http://ow.ly/KaUl50BIgSD

Okotoks slams door on Toyota expansion. Town council has killed $10 million plan for High River Toyota to open new dealership in the Alberta Foothills community. http://ow.ly/4vHM50BIgxK

The tried and true ways to invest in real estate. Save $50 on your early bird ticket to The Real Estate Investment Network Summit until October 15th. https://rein.swoogo.com/summit

‘Dangerous’ oversupply of new, single-family homes in Calgary and Edmonton: Moody’s forecast There is a dangerous oversupply of new, single-family homes in Calgary and Edmonton, on top of affordability issues in Vancouver and Toronto, the financial intelligence company said in a report this week. https://globalnews.ca//moodys-canadian-home-price-forecas/