Ok, this isn’t exactly news, but I wasn’t aware of exactly where the northern half of the Anthony Henday was going to go. It looks as though the highway has been moved slightly south, apparently by about 100m.
The north leg will have 8 interchanges, 5 flyovers and 27 bridge structures, including another over the North Saskatchewan. The best news is there will be no stop lights for the 21km north leg. I sure wish they’d get rid of the stoplights at Stony Plain road asap, that area is a disaster to drive through. Anyway, completion for the north leg is still slated for 2011.
I got these details from a Government of Alberta news release.
Totally unrelated topic…I’m tired of calling it "The Anthony Henday." Most Canadian cities have nicknames for their big roads…. QEW instead of Queen Elizabeth Way for example. I propose "The Anthony Henday" gets a new nickname: "The Tony." Spread the word, call your radio station traffic guy….The Tony is just way cooler.
The “Tony”???….I hate to tell you that most Edmontonians call it “The Henday” already. I’m going to stick with that.
LoL. good idea. I’ll start calling it that.
by the way, thanks for selling our house!
How about naming it the “end-day”? LOL
Pretty fitting highway name given the following in tomorrow’s Edmonton Sun
(This should make PICASSO, et al smile)
http://www.edmontonsun.com/News/Edmonton/2007/12/17/4729327.html
I love the Sun’s irresponsible journalism. Especially when they headlined back in early September (after that August 3% drop), splashed on their front page a “housing crash” title with the picture of a house in MacEwan…
Too bad realtors are not legally mandated to fully and plainly disclose the ultimate risks in buying a home — especially for investment purposes and especially in a frothy market.
I know of a young couple who bought a 500k spec house in Edmonton with the intention of flipping it. Their “investment” is now worth 75k less than they paid for it and they are now feeding two mortgages. Here’s the kicker — given the mammoth inventory glut in the marketplace, it looks like they’ll be feeding those two mortgages for a very long time.
This of course is a shame. And no, it is not principally their own fault. The real fault lies with the manipulators who sold them this “investment” and forgot to tell them about the real risks.
MK – whatever happened to buyer beware? People not being aware that prices might go down when they buy are fools – and as the expression goes ‘a fool and his money quickly part’. If these people cannot think for themselves or are prepared to face some possiblities such as a loss in equity – they should not be leveraging themselves. Don’t beat up real estate agents because they are doing their jobs – this is like saying that stock brokers are responsible when your stocks decrease in value – they give their opinions based on their experience but ultimately they don’t have a crystal ball….
MK – were your “young couple” friends represented by a Realtor when they purchased the spec house or did the buy directly from the builder?
Well MK…They didn’t use me.
btw…The majority of people who send me desperate requests either dealt directly with a builder or on their own directly with a seller and are now learning some tough lessons about investments, markets and research.
What about the lawyers, bankers? do they have any responsibility.
Anyways to quote a friend of mine. Every time I point the finger at somebody there’s 4 pointing back at me.
lucky, I call it the Henday too, but I could get use to “the TONY” (using my best Marlon Brando voice).
Buying a house is still an investment. Sit on it.
Instant gratification is what’s wrong with today’s high paced society.
I’ll agree with other commentors on MK’s ‘friends’. Sounds like ‘they’ are looking to blame anybody but themselves for their own greed and showing up way too late to the market.
Ray: You are right. Instant gratification is a problem, as is lack of accountability for one’s own actions.
MK: Welcome your friends to their new job as Landlord. Prepare to sit on the property for 3-5 years before selling at a gain is even a remote possibility.
Makes me glad I bought my properties 5 and 10 years ago and don’t need to bail. Cash flow is better than having a case of “Lump Sum Desperation” <—(Now trademarked).
Posted by: MK | December 17, 2007 at 09:25 PM
Too bad realtors are not legally mandated to fully and plainly disclose the ultimate risks in buying a home — especially for investment purposes and especially in a frothy market.
——–
Honestly, where do you people get these ideas? Whatever happened to PERSONAL RESPONSIBILITY! If you’re going to purchase a 500K house to “flip” ( of all things), you should be spending a few minutes doing your own research.
Buyers like these shouldn’t venture far from home. They might get run over by a speeding bicycle.
Not sure if this is the right place for this question, but I will ask anyways.
I have paid the deposit on a new house. Since I paid the deposit, the house has depreciated more than the 10% deposit that I paid. Does anyone know if I can just walk away from my deposit?
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