At Albert and York, we are professional real estate investors who help you capitalize on the incredible US foreclosure sale, safely and securely with the full assistance of our Professional Real Estate Team whom specialize in serving our fellow Canadian investors like you.
How We Help You
Looking for a high return, safe, secure investment for the long term? Albert & York puts more money in your pocket by providing you with Buying Group, Financing and Asset Management services to enable you to take full advantage of the once-in-a-lifetime opportunity in U.S. real estate. With seasoned investors, a bank chairman and the top cross-border accountant on our team, Albert & York can help you find the best investment to fit your specific goals and achieve passive income and maximum after tax returns.
We invite you to contact us and do your own due diligence. Meet our team, examine our business systems and tour our properties. The current situation in the United States has created the biggest real estate sale of our lifetime. Someone is going to buy these great properties, why shouldn’t it be you?
In 2008 we found ourselves becoming more and more frustrated with the Canadian market. The prices were consistently too high, the ROI too low. This came at a time when the severe price drops were happening in the US, particularly in the sunbelt regions. We analyzed cities across North America to determine the best place to invest our money specifically where there was economic diversity, continuous migration and where house prices were stabilizing. After much deliberation we picked Phoenix as it met our criteria.
The Phoenix market, like most of those heaviest hit by foreclosures, is in continuous flux as the banks do their best to carefully get rid of the foreclosures on their books with as little repercussions as possible. That said we want to be cognizant of trend lines. Phoenix was nicely following a normal appreciation trend line until of course the boom which began in 2005. For the next 3 years, this pushed prices to heights that were unreal. When the crash occurred, the prices over corrected and resulted in the prices dropping below the trend line to the year 1999 prices. Foreclosure filings are down, rentals demands are up, listings have dropped to half the level of 2006 as this very efficient market resets prices on foreclosure homes.
We as Canadians rarely, if ever discuss the cost per square foot when it comes to pricing a property and determining current value as well as predicting potential appreciation. We have been able to purchase newer properties at essentially half the cost of the original construction cost. To put that into understandable terms, if you could by a new car for half the price the manufacturer spent to produce it, most people would jump at that. The similar holds true here. With the foreclosure crisis and housing crash, construction in Phoenix has ground to a virtual halt. Consider the fact that there is a continuous year over year migration stream to Phoenix, because of this lack of construction, there will be soon be a major housing shortage. We feel it stands to reason that in order for construction to begin again to meet this demand; existing houses have to appreciate to a value that is close to the cost of construction for the builder to be competitive and still make a profit.
You can email: Info@AlbertandYork.com
Address: 2 Bloor St W. Suite 700 Toronto ON M4W 3R1