Commercial/Industrial real estate update report

[Recently], world oil prices have fallen below $30.00 per barrel and
are at prices not seen since 2003. The world oil price situation continues to cast an economic pall
over the province as well as the City of Edmonton. Edmonton outperformed much of the province
during the year however, most fore-casters are indicating limited growth for 2016. There are no
apparent signs of short term recovery in oil prices. As such, The Network is forecasting another
weak year for 2016. The momentum of a strong economy of 2014 carried over for the first half of
2015 and this propped up sales to a high degree. There was a more dramatic drop off in activity in
the second half of the year. On this basis, The Network is forecasting that 2016 will be a weaker
year as compared to 2015 and is likely to be on par with 2009, which was the low point in the
2008/2010 economic downturn. Once again, recovery in the market will remain contingent upon a
recovery in world oil prices.
In 2016, The Network is launching a listing database which is available for members on a monthly
subscription basis. The listing database covers all multi-family, commercial and industrial offerings
of land and buildings within the Edmonton Metro Area. This includes listing data from all major
brokerage firms, as well as investment real estate offered through the MLS® System of the
REALTORS® Association of Edmonton, etc. The Network as of the date of the writing of this report is
tracking over 300 listings.

Source: https://images.magnetmail.net/images/clients/EREB/attach/2015yearendreview.pdf

Chocolate world to meet in Punta Cana

Cocoa and chocolate experts from all around the world will be gathering in Punta Cana for the World Cocoa Conference from 22-25 May 2016. The leading event for the cocoa and chocolate sector brings together the major players from the value chain. The meetings will take place at the Barcelo Bavaro Convention Center. The Dominican Republic is a world leader in cocoa production, now gradually beginning to produce chocolate, too.
More than 1,500 cocoa farmers, chocolate makers, government and private sector farming and sustainability experts are expected to attend the event from over 40 countries. This is the first time the event will have been held in Latin America.
The event is being organized by the International Cocoa Organization and the Ministry of Agriculture and National Cocoa Commission are hosting the event for the Dominican Republic. The agenda includes discussions for the Cacao Global Agenda.
President Danilo Medina will be giving the opening address at the conference, which will include talks on changing trends in cocoa production, consumption and global trade. It will also focus on the progress made in the implementation of the Global Cocoa Agenda with updates from major producing countries and the industry.
Information on adding value to cocoa, including differentiation, specialty products and branding will be discussed. The issues of improving cocoa farmers and improving farmer incomes, and finance and insurance solutions to manage risk across the value chain are also on the program.

Source: http://dr1.com/travelnews/archive/2016/tnews022316.html

Master of the Ocean opens in Cabarete

Starting today, Tuesday, 23 February 2016, the sails will unfold under the skies of Playa Encuentro in Cabarete for the celebration of the Master of the Ocean.
The Master of the Ocean, the only water sports competition featuring surfing, windsurfing, kiteboarding and stand-up paddleboarding (SUP) continues until 28 February 2016.
The annual event makes the most of the exceptional conditions for these watersports in the Cabarete area.
Founded by Marcus Bohm in 2013, the competition consists of 12 teams of four athletes. Each rider competes in a discipline, and the top 15 competitors move to a final stage where they compete for the Master of the Ocean title.
Cabarete is the perfect location as there is no wind in the morning for surfers and SUP enthusiasts, and consistent incoming trade winds from noon onwards, perfect conditions for windsurfers and kitesurfers.
The 2016 Master of the Ocean organizers say they will be hosting 2015 champion Zane Schweitzer and many other international riders including Samuel Perez-Hultz, Fiona Wylde, Luciano Gonzalez, Michael Gebhardt and Brian Talma.

Source: http://dr1.com/travelnews/archive/2016/tnews022316.html

Pro Cigar opens with classes at new La Aurora Cigar Institute

The La Aurora tobacco manufacturing company has announced the opening of a tobacco education facility, the La Aurora Cigar Institute, coinciding with the celebration of ProCigar Week (21-26 February 2016) in Santiago de los Caballeros. The tobacco school is on the second floor of the La Aurora cigar factory in Santiago, the Dominican Republic’s cigar country capital.
As the new institute’s main attraction, the courses on all aspects of cigars and tobacco education will be taught by some of the Dominican Republic’s leading experts in the field. There will be sessions on tobacco plant varietals, soils and cultivation, as well as more theoretical topics like the history of tobacco and its socio-economic role in the Dominican Republic. Practical coursework will include lessons on rolling, blending, cigar tasting and food-and-drink pairing, reports Cigar Aficionado.
The lecturers will include Angel Daniel Nunez (former president of General Cigar Co.), Benjamin Menendez, (former senior vice president at General), La Aurora president Guillermo Leon and La Aurora master blender Manuel Inoa.
As reported, typical courses run three days, with students eligible to receive a certificate of accreditation upon successful completion of the coursework and a final knowledge assessment. However, shorter courses have also been designed for students with only a few hours to spare.
The first block of full-day courses at the new La Aurora Cigar Institute will run from February 29 to March 2. More will be scheduled throughout the year.
The cigar and tobacco museum on the La Aurora site are also part of its factory tour program. The museum showcases not only the history and milestones of the La Aurora Cigar Co., but also the Dominican cigar industry as a whole.
Taking a course at the new institute is a way of combining a vacation with the learning experience about cigars.

Source: http://dr1.com/travelnews/archive/2016/tnews022316.html

Alberta Real Estate Association’s Market Report

The Alberta Real Estate Association (AREA) reports that a total of 2,277 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in January, down 13.8 per cent from the same month last year. The average MLS® residential price decreased 2.7 per cent from January 2015 to $371,620.

AREA Report Graph 1

AREA Report Graph 2

AREA Report Graph 3

Three of Alberta’s ten real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:

Board Year-Over-Year Change
Alberta West +13.1 per cent
Fort McMurray Region +2.7 per cent
Calgary Region +0.4 per cent

The seven remaining Boards/Associations saw the monthly residential average price decrease to varying degrees from January 2015:

Board Year-over-Year Change
Lethbridge Region -0.9 per cent
Grande Prairie Region -5.3 per cent
Central Alberta -7.7 per cent
Medicine Hat Region -8.4 per cent
Edmonton Region -8.4 per cent
Lloydminster Region (AB Only) -9.9 per cent
South Central Alberta -38.5 per cent

Note: The data above is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented are for the full Board/Association region, rather than city/town proper areas that may be reflected in a board’s name.

The value of all home sales in the province totalled $846 million for the month, falling 16.1 per cent from January 2015.

AREA Report Graph 4

There were 9.8 months of inventory at the end of January 2016, up from 7.4 months at the same time one year ago. 

AREA Report Graph 5

New listings on the MLS® Systems of real estate boards in Alberta numbered 8,559 units in January, a decrease of 8.5 per cent from a year earlier, while active residential listings numbered 22,362 units at the end of January, up 15.1 per cent from one year earlier.

Source: AREA

SOLD! : 12831 104 Street : Edmonton

Don Cholak just SOLD this 3 bedroom, 1 bathroom single family home in the Lauderdale area of Edmonton!
 

 
Thank you to my clients for choosing me to help them get their Lauderdale bungalow SOLD!
 
 
Are you ready to put Don Cholak’s decades of experience to work for you? Get started by clicking the appropriate button below! Or, call Don at 780-718-8400 or email Don@DonCholak.com now!

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7529 188 Street : Edmonton : E4008277

Welcome to this 3 bedroom, 1.5 bathroom, 1040sq.ft townhouse in Lymburn!
 

 

MLS#: E4008277 Conveniently located 2-storey townhouse, close to public transportation, schools, and shopping, with easy access to the Whitemud and the Henday!
 
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Realtor Reviews : Marc & Jamie on Don Cholak

“We want to thank Don for the great experience during the selling of our home and helping us to find our new home, he was very accommodating in our home search. Don’s comments and insights were a great help through both the selling and purchasing experience, as he walked us through the process. This was all new to us – but he made it doable. He was able to suggest legal and home inspector companies to assist us with parts of the transaction – which was very helpful. We appreciated everything that Don did for us, his ‘professionalism and experience’ showed in helping to make this experience as stress-less as possible!”
– Marc & Jamie

Marc & Jamie

 

Are you ready to join Marc & Jamie in putting Don Cholak’s decades of experience to work for you? Get started by clicking the appropriate button below! Or, call Don at 780-718-8400 now!

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Master of the Ocean ready for Cabarete

Cabarete will again be the center of the toughest water sports event in the Caribbean, the challenging Master of the Ocean, now in its 14th year.
Some 60 competitors from 12 countries have registered to compete in the event, which takes place between 23 and 28 February 2016 at Encuentro Beach in Cabarete, Puerto Plata. The winner of the event is the best athlete in the combination of windsurfing, surfing, stand up paddle-boarding (SUP) and kite-surfing.
Competitors are coming from Israel, Canada, the United States, Puerto Rico, Venezuela, Germany and host Dominican Republic.
The event, which is organized by Marcus Bohm, also has the backing of the Ministry of Tourism.
Bohm says it is the only event held around the world where the athletes compete in four disciplines at the same beach.
The organizers are promising five days of competition, free-style expression sessions and a full program of musical events in and around Cabarete.

Source: DR1 Travel News Feb 9
 

Woodlands St. Albert Real Estate Statistics for January 2016

A total of 1 homes SOLD in Woodlands this month. The highest priced home SOLD in Woodlands this month was a 4 bed, 2 bath, 1449 square foot home for 365000, and the lowest was a 4 bed, 2 bath, 1449 square foot home for 365000, bringing the average to 365000 for 4 beds, 2 baths, and 1449 square feet. 

 
CLICK HERE! to view all current Woodlands homes for sale by Don Cholak.
 

Sell your Woodlands home:

Ready-to-sellAre you looking to sell your home in Woodlands? Don Cholak has decades of expertise and experience in Woodlands and is ready to help you sell your Woodlands home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Woodlands:

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Are you looking to buy a home in Woodlands? Don Cholak is an expert and experienced Realtor in Woodlands and can help you find the perfect home in Woodlands today! Just click the big red button above or call Don at 780-718-8400.
 

Pineview

A total of 2 homes SOLD in Pineview this month. The highest priced home SOLD in Pineview this month was a 5 bed, 3 bath, 1285 square foot home for 431900, and the lowest was a 4 bed, 2 bath, 1291 square foot home for 363000, bringing the average to 397450 for 4 beds, 2.5 baths, and 1288 square feet. 

 
CLICK HERE! to view all current Pineview homes for sale by Don Cholak.
 

Sell your Pineview home:

Ready-to-sellAre you looking to sell your home in Pineview? Don Cholak has decades of expertise and experience in Pineview and is ready to help you sell your Pineview home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Pineview:

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Are you looking to buy a home in Pineview? Don Cholak is an expert and experienced Realtor in Pineview and can help you find the perfect home in Pineview today! Just click the big red button above or call Don at 780-718-8400.
 

Oakmont St. Albert Real Estate Statistics for January 2016

A total of 2 homes SOLD in Oakmont this month. The highest priced home SOLD in Oakmont this month was a 4 bed, 3 bath, 2160 square foot home for 510000, and the lowest was a 3 bed, 3 bath, 1561 square foot home for 465000, bringing the average to 487500 for 3 beds, 3 baths, and 1861 square feet. 

 
CLICK HERE! to view all current Oakmont homes for sale by Don Cholak.
 

Sell your Oakmont home:

Ready-to-sellAre you looking to sell your home in Oakmont? Don Cholak has decades of expertise and experience in Oakmont and is ready to help you sell your Oakmont home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Oakmont:

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Are you looking to buy a home in Oakmont? Don Cholak is an expert and experienced Realtor in Oakmont and can help you find the perfect home in Oakmont today! Just click the big red button above or call Don at 780-718-8400.
 

Lacombe Park St. Albert Real Estate Statistics for January 2016

A total of 2 homes SOLD in Lacombe Park this month. The highest priced home SOLD in Lacombe Park this month was a 3 bed, 1 bath, 1260 square foot home for 375000, and the lowest was a 3 bed, 2 bath, 991 square foot home for 350000, bringing the average to 362500 for 3 beds, 1.5 baths, and 1125 square feet. 

 
CLICK HERE! to view all current Lacombe Park homes for sale by Don Cholak.
 

Sell your Lacombe Park home:

Ready-to-sellAre you looking to sell your home in Lacombe Park? Don Cholak has decades of expertise and experience in Lacombe Park and is ready to help you sell your Lacombe Park home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Lacombe Park:

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Are you looking to buy a home in Lacombe Park? Don Cholak is an expert and experienced Realtor in Lacombe Park and can help you find the perfect home in Lacombe Park today! Just click the big red button above or call Don at 780-718-8400.
 

Kingswood St. Albert Real Estate Statistics for January 2016

A total of 1 homes SOLD in Kingswood this month. The highest priced home SOLD in Kingswood this month was a 3 bed, 3 bath, 2778 square foot home for 680000, and the lowest was a 3 bed, 3 bath, 2778 square foot home for 680000, bringing the average to 680000 for 3 beds, 3 baths, and 2778 square feet. 

 
CLICK HERE! to view all current Kingswood homes for sale by Don Cholak.
 

Sell your Kingswood home:

Ready-to-sellAre you looking to sell your home in Kingswood? Don Cholak has decades of expertise and experience in Kingswood and is ready to help you sell your Kingswood home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Kingswood:

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Are you looking to buy a home in Kingswood? Don Cholak is an expert and experienced Realtor in Kingswood and can help you find the perfect home in Kingswood today! Just click the big red button above or call Don at 780-718-8400.
 

Heritage Lakes St. Albert Real Estate Statistics for January 2016

A total of 2 homes SOLD in Heritage Lakes this month. The highest priced home SOLD in Heritage Lakes this month was a 4 bed, 3 bath, 1797 square foot home for 409000, and the lowest was a 4 bed, 3 bath, 1190 square foot home for 377000, bringing the average to 393000 for 4 beds, 3 baths, and 1494 square feet. 

 
CLICK HERE! to view all current Heritage Lakes homes for sale by Don Cholak.
 

Sell your Heritage Lakes home:

Ready-to-sellAre you looking to sell your home in Heritage Lakes? Don Cholak has decades of expertise and experience in Heritage Lakes and is ready to help you sell your Heritage Lakes home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Heritage Lakes:

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Are you looking to buy a home in Heritage Lakes? Don Cholak is an expert and experienced Realtor in Heritage Lakes and can help you find the perfect home in Heritage Lakes today! Just click the big red button above or call Don at 780-718-8400.
 

Grandin St. Albert Real Estate Statistics for January 2016

A total of 3 homes SOLD in Grandin this month. The highest priced home SOLD in Grandin this month was a 4 bed, 3 bath, 2000 square foot home for 445000, and the lowest was a 3 bed, 1 bath, 1209 square foot home for 339000, bringing the average to 402667 for 3 beds, 2.5 baths, and 1526 square feet. 

 
CLICK HERE! to view all current Grandin homes for sale by Don Cholak.
 

Sell your Grandin home:

Ready-to-sellAre you looking to sell your home in Grandin? Don Cholak has decades of expertise and experience in Grandin and is ready to help you sell your Grandin home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Grandin:

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Are you looking to buy a home in Grandin? Don Cholak is an expert and experienced Realtor in Grandin and can help you find the perfect home in Grandin today! Just click the big red button above or call Don at 780-718-8400.
 

Forest Lawn St. Albert Real Estate Statistics for January 2016

A total of 1 homes SOLD in Forest Lawn this month. The highest priced home SOLD in Forest Lawn this month was a 5 bed, 2 bath, 1119 square foot home for 370000, and the lowest was a 5 bed, 2 bath, 1119 square foot home for 370000, bringing the average to 370000 for 5 beds, 2 baths, and 1119 square feet. 

 
CLICK HERE! to view all current Forest Lawn homes for sale by Don Cholak.
 

Sell your Forest Lawn home:

Ready-to-sellAre you looking to sell your home in Forest Lawn? Don Cholak has decades of expertise and experience in Forest Lawn and is ready to help you sell your Forest Lawn home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Forest Lawn:

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Are you looking to buy a home in Forest Lawn? Don Cholak is an expert and experienced Realtor in Forest Lawn and can help you find the perfect home in Forest Lawn today! Just click the big red button above or call Don at 780-718-8400.
 

Erin Ridge North St. Albert Real Estate Statistics for January 2016

A total of 1 homes SOLD in Erin Ridge North this month. The highest priced home SOLD in Erin Ridge North this month was a 4 bed, 3 bath, 1774 square foot home for 745000, and the lowest was a 4 bed, 3 bath, 1774 square foot home for 745000, bringing the average to 745000 for 4 beds, 3 baths, and 1774 square feet. 

 
CLICK HERE! to view all current Erin Ridge North homes for sale by Don Cholak.
 

Sell your Erin Ridge North home:

Ready-to-sellAre you looking to sell your home in Erin Ridge North? Don Cholak has decades of expertise and experience in Erin Ridge North and is ready to help you sell your Erin Ridge North home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Erin Ridge North:

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Are you looking to buy a home in Erin Ridge North? Don Cholak is an expert and experienced Realtor in Erin Ridge North and can help you find the perfect home in Erin Ridge North today! Just click the big red button above or call Don at 780-718-8400.
 

Erin Ridge St. Albert Real Estate Statistics for January 2016

A total of 2 homes SOLD in Erin Ridge this month. The highest priced home SOLD in Erin Ridge this month was a 3 bed, 2 bath, 2001 square foot home for 499000, and the lowest was a 3 bed, 2 bath, 1929 square foot home for 477753, bringing the average to 473377 for 3 beds, 2 baths, and 1965 square feet. 

 
CLICK HERE! to view all current Erin Ridge homes for sale by Don Cholak.
 

Sell your Erin Ridge home:

Ready-to-sellAre you looking to sell your home in Erin Ridge? Don Cholak has decades of expertise and experience in Erin Ridge and is ready to help you sell your Erin Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Erin Ridge:

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Are you looking to buy a home in Erin Ridge? Don Cholak is an expert and experienced Realtor in Erin Ridge and can help you find the perfect home in Erin Ridge today! Just click the big red button above or call Don at 780-718-8400.
 

Deer Ridge St. Albert Real Estate Statistics for January 2016

A total of 2 homes SOLD in Deer Ridge this month. The highest priced home SOLD in Deer Ridge this month was a 3 bed, 2 bath, 2124 square foot home for 406400, and the lowest was a 4 bed, 3 bath, 1223 square foot home for 385000, bringing the average to 395700 for 3 beds, 2.5 baths, and 1674 square feet. 

 
CLICK HERE! to view all current Deer Ridge homes for sale by Don Cholak.
 

Sell your Deer Ridge home:

Ready-to-sellAre you looking to sell your home in Deer Ridge? Don Cholak has decades of expertise and experience in Deer Ridge and is ready to help you sell your Deer Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Deer Ridge:

Ready-to-buy
 
Are you looking to buy a home in Deer Ridge? Don Cholak is an expert and experienced Realtor in Deer Ridge and can help you find the perfect home in Deer Ridge today! Just click the big red button above or call Don at 780-718-8400.