Tuesday, May 01, 2012

Mixed Messages

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

May 2nd., 2012
Volume 12, Issue 5

Dear Friends and Partners,

My family and I were enjoying a BBQ two Sundays ago. The weather was perfect, the grass was staring to green and the smell of grilled squid and beef sirloin filled our backyard. My son was having a great time running around and was clearly excited by the cooking action. I asked him a question..

Me: "Why do you like BBQ's?"

My son: "Because they're hot and you get fired up and die."

His answer was pretty awesome and we all busted a gut laughing and we realized that sometimes the message gets through, but garbled. I had explained how BBQs work and the dangers of playing near one. I also shared the benefits of the cooking style and why we like to cook outside. He got the main message and put his own spin on it, as we often do.

So, what's the message in the Edmonton market? The real estate market is heating up and lots of properties are coming on but not all with good value. I have been screening 20+ a week and viewing anywhere from 3-5.

There may be some sizzle and there is definitely a lot of fat. You have to sift through the wieners to find the fillet, without getting burned.

Get out there and buy selectively with low rates, a healthy economic outlook and good value - you have an excellent opportunity to build or add to your portfolio now.


West Central Edmonton: Cashflow 4Unit

Turbo charge your portfolio. Upgraded 1978 built 4-plex with separate entrance to lower suites. 2 stylishly finished 3 bedroom upper suites with tall, newer cathedral windows. 2 upgraded, 2 bedroom 900 sqft lower suites. All suites are carpeted and feature en-suite laundry. The upper suites have dishwashers and some ceramic tile in kitchens. There is a shared fenced yard and a 4 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include newer roof and HWT. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality property.

Comes complete with great tenants making this a totally turn-key property for you. Convenient West central area with easy access to transit and downtown. Established neighborhood featuring strong rental base; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown area.

Produces $913 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $630K Total Investment: $151K. Your Estimated 5 Year Profit $112K. Your pre-tax Total ROI is 73% or 14% per year + $913 Cash Flow

Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!


Alberta's Economic Boom is Back
Province Leads Country in Growth in 2011

By Mario Toneguzzi, Calgary Herald, April 27, 2012

CALGARY — Alberta topped all Canadian provinces in 2011 with the strongest economic performance, according to Statistics Canada.

The federal agency reported Friday that real domestic product advanced 5.2 per cent in 2011 after a 3.3 per cent increase in 2010.

It was the highest economic growth rate in Alberta since 6.2 per cent in 2006.

Douglas Porter, deputy chief economist with BMO Capital Markets, said the growth rate for 2011 was above and beyond what BMO estimated.

“It’s not a complete shock given some of the other indicators we’ve seen recently. The province is leading the rest of the country by a country-mile in terms of job growth recently and we’re seeing an echo of that in retail sales as well,” he said. “What’s driving it? Simply put is the strength in oil prices and the rapid rise in production in the province and alongside of that we’re seeing large population inflows into the province.”

Is it safe to say the boom is back? GRAB THIS STORY


New Fashion Retailers Hiring, Apple Store Expanding

By Bill Mah, Edmonton Journal, April 30, 2012

EDMONTON - Tag is the latest retailer opening in Edmonton as the region continues to attract expanding Canadian and foreign chains.
The Montreal-based company is opening its first western Canadian store in the former Future Shop location at Calgary Trail and 34th Avenue. The Tag store is expected to open at the end of June or beginning of July, said spokeswoman Laurie Murphy.

Tag stores sell women’s, men’s and children’s fashion and outerwear and housewares. There are locations in Montreal, London, Ont., Hamilton and Dartmouth. READ MORE HERE


Ewart: Business As Usual For Oilpatch After Tory Win

By Stephen Ewart, Calgary Herald. April 25, 2012

With a divisive election campaign over in Alberta, it's time to get back to business as usual for the oil and gas industry.

The four-decade-old Progressive Conservative dynasty was able to survive a staunch challenge from the political right and endured Monday as Premier Alison Redford delivered a 12th consecutive majority government for her party.

Despite some election night drama - Energy Minister Ted Morton lost his seat - it is essentially status quo for the oilpatch. FOLLOW THIS ARTICLE

I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.

Your success continues EVERYDAY, let me help you build for tomorrow.

"Management is doing things right; leadership is doing the right things." - Peter Drucker

Warm Regards,

Todd and Danielle Millar


P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

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