Our Latest Purchase

In late June 2007, QASCorp launched a new joint venture with partner Kassa Management. Together, we purchased a 37 unit apartment located on Jasper Ave, close to the downtown core. This property comes with 36 titles and represents a prime real estate investment.

To further increase appreciation on this property, we are undertaking major renovation projects both throughout the building and around the property. We will install a new security system as well as a new gate; repave the parking lot, and rebuild the whole interior, floor by floor; turning this property into high-end corporate housing that will come complete with all possible amenities and services. Projected completion timeline for this project is one to two years.

Company Update

QASCorp is a company in full expansion and the best way to describe the progress we have seen is to put it in the following way; the figures are approximate but they do translate the truth of the amazing exponential growth our company has seen:

In its first three years, QASCorp acquired a 10 million dollar portfolio, both through investment purchases and the appreciation on those properties. In the following three months, its portfolio grew by another 10 millions, and in the ensuing three weeks, it grew by yet another 10 millions. Pretty amazing!

The first years were from spring of 2004 to spring of 2006. The following three months were March, April, and May 2007; and on June 26, 2007 we made one of our most lucrative joint venture deals ever.

To view a sample issue of our newsletter, please contact Tina (888) 966-8462.

Alberta’s Economic Expansion: Unstoppable!

With over $130 billion being invested in new and existing endeavors in the oil sands over the next 10 years, Alberta is experiencing an unprecedented demand for workers. This is affecting all aspects of the economy, driving housing demand and prices up as never before, and creating demand in all areas of industry. Statistics Canada announced September 14, 2006 that “Alberta is in the midst of the strongest period of economic growth ever recorded by any Canadian province.” The insatiable demand for labour has Alberta touting the lowest unemployment rate (2.9%) and the highest employment rate (71.7%) in all of North America. Alberta also has one of the fastest growing adult populations, with strong in-migration from all other provinces.

The explosion in Alberta’s economy has also spilled over into the housing market, where housing prices are being driven to record highs, and new home prices are rising at an astounding rate of more than 50% annually. Although Alberta has less than half the population of Quebec, the province is now producing more yearly housing starts than Quebec. In spite of this, housing affordability remains high, and is expected to stay that way in the future, meaning that Alberta’s economy is more likely to be able to sustain this kind of growth. In light of all this, it is no surprise that Associate Director of Provincial Outlook with the Conference Board of Canada, Marie-Christine Bernard writes that Alberta is in “a league of its own.”

Quote: “[Alberta is] a bit like the Tiger Woods of housing – […] at the top of the leader board on every measure” – TD Bank Economist Sebastien Lavoie