Edmonton Real Estate Investor

"Canada’s youths are heading west and east, in the chase of work, like never before.

In Ontario, where the unemployment rate for youths soars above where it lies in other provinces, about 100,000 people left between 2003 and 2010, half of them belonging to Generation Y, notes Serge Coulombe, an economics professor at the University of Ottawa." Read More

Out of the 10 tenants I placed this month about two thirds were from another province. They've all come for work and they are all in the early to middle twenties. Mostly single guys but a couple of women too.

It does feel like the middle of a gold rush. There are ups - like lots of tenants and applicants and downs - like rush hour. But it's really exciting to be in the middle of it.

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

March 15th., 2012
Volume 12, Issue 2

Dear Friends and Partners,

As the economy heats up in Alberta you can see more and more help wanted signs popping up along the roadsides, in store windows and even blinking brightly on electronic signs. This reminds me of those heady 2005 days when the economy began to heat up. We notice a spike in hits to the rental site ads we post too. These indicators confirm that we are shedding the dirty cloak of recession and stepping anew into another upward cycle.

Edmonton and Calgary tie for the lowest unemployment rates in Canada. Edmonton is also rated as the most affordable place to live in Canada, based on salary and home prices, at 33.2% according to RBC's Affordability Index. Calgary rates second at 37.6%. In case you're wondering... Vancouver is the most unaffordable with 90.6% of income going to support living costs.

An interesting twist to this heated economy that I notice is the characteristics of younger Millennial workers, often referred to as Gen-Ys: there seems to be a feeling of working less, committing less to the job in order to have more personal time. The monetary gain is outweighed by the desire to claim their own time away from work. Some may argue that a Millennial worker uses technology to manage his job more efficiently, thus reducing the need to work extra hours, but that can't be said for everyone belonging the the group. Another interesting trait from an employer perspective is the lack of filter in this generation that manifests in 'over-sharing'.

With Alberta requiring 132,900 new, full time jobs over the next two years, it will be interesting to see how our market place learns, grows and adapts to these new workers. Somewhere, between a baby boomer and a millennial lies a great balance of work ethic and home time. The future is bright.

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South West Edmonton: Cash-flowing Two-Suiter in Queen Alexandra
Turbo charge your portfolio. Upgraded 1948 built legal 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1345 sqft upper 4 bedroom unit with beautiful laminate, plus a spacious 2 bedroom 900 sqft. suite down. The upper suite has newer windows, electric fireplace, fresh paint and appliances. There is a common laundry room in basement too. The lower unit has new paint, windows, insulation and some newer appliances. Lower suite walks out to a shared fenced yard. There is a 2 car detached garage with automatic door and opener, bringing in additional revenue. 5 minutes to U.O.A., 20 mins to NAIT, Grant MacEwan and Downtown. Fast access to the Whitemud, Whyte Ave. and on the bus routes. These pictures show the detail and care that went into building this quality home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient South West area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; 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 trendy University area.

Produces $242 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $350K Total Investment: $82.3K. Your Estimated 5 Year Profit $42.4K. Your pre-tax Total ROI is 51% or 10.2% per year + $242 Cash Flow in Your Pocket Every Month

Poised for massive growth. These 2 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!

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No Thaw In Sight For Rate Freeze
One percent rate in effect since September 2010 likely to last into 2013

By Louise Egan and Randall Palmer, Reuters. March 9th, 2012

The Bank of Canada issued a more upbeat outlook for the Canadian and global economies Thursday, suggesting that an interest rate hike may be back on its radar screen, albeit not immediately.

The central bank maintained its overnight lending rate target at one per cent, mirroring decisions by the European Central Bank and the Bank of England and extending its freeze on borrowing costs for an 18th month.

In a statement, it said the Canadian economic outlook was "marginally improved," uncertainty around the global economy had eased and the profile for inflation was somewhat firmer than it had foreseen.

READ MORE HERE

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As Oilsands Activity Heats Up, Alberta Employers Brace For Soaring Costs, Worker Shortages

By Gary Lamphier, Edmonton Journal, March 7th, 2012

EDMONTON - Three years after global energy prices tanked, Alberta’s oilsands are booming once again.
But industry players say they’re already bracing for what they fear lies ahead: chronic labour shortages and soaring cost pressures, two factors that caused so much havoc during the last boom.

As 2012 began, the number of workers employed in the province was already five per cent above its pre-recession high, the Conference Board of Canada says, handily outstripping the national growth rate.

Over the next two years, the board predicts Alberta will create 132,900 net new jobs — or about 40,000 more people than the entire population of Red Deer — cutting the province’s unemployment rate to 4.5 per cent by 2013. That’s just one per cent above the pre-recession lows of 2007. GRAB THIS STORY

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Underused Labour Pools Would Buoy Alberta Economy

By Bill Mah, Edmonton Journal. March 7th 2012

EDMONTON - Whether you have a job in Alberta depends so much on who you are.
Despite government and industry raising the alarm on a looming skills shortage that some employers say is already here, some groups of potential workers remain largely untapped, even as the jobless rate shrinks.

In Edmonton, the unemployment rate in January was five per cent, continuing its steady recovery from the last recession.

Drive south for about an hour to Hobbema, and the rate rockets to more than 50 per cent.

“More than half of our people aren’t working,” says Allison Adams, who runs the Maskwacis Employment Centre in the First Nations community that has a population of about 12,000 and a potential labour force of more than 5,000. F OLLOW THIS ARTICLE

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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.

"The gem cannot be polished without friction, nor man perfected without trials." -Chinese proverb

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

P.S. Stay ahead by checking out Danielle's 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 2011 Top Ten Investment Towns of Alberta and Ontario.

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

March 1st., 2012
Volume 12, Issue 1

Dear Friends and Partners,

Did you use Leap Day to your advantage? I've never thought much of this extra day that comes once every 4 years. The concept of adding a leap year in the calendar was introduced by the Egyptians. This was mainly because the solar calendar and the man-made calendar didn't match. Fair enough, just like we have Daylight Savings time in Canada.

But look at this sneaky trick that was played on the Jamaicans; Explorer Christopher Columbus used the lunar eclipse of 29 February 1504 to his advantage during his final trip to the West Indies. After several months of being stranded with his crew on the island of Jamaica, relations with the indigenous population broke down and they refused to continue helping with food and provisions. Columbus, knowing a lunar eclipse was due, consulted his almanac and then gathered the native chiefs on 29 February. He told that God was to punish them by painting the Moon red. During the eclipse, he said that God would withdraw the punishment if they starting co-operating again. The panicked chiefs agreed and the Moon began emerging from its shadow. I guess you could argue that Chris Columbus was using all of his devices to save his skin.

I was curious to see who else was using Leap Year to their advantage in these modern times, and it turned out to be Disneyland. They had an explosive 24 hour event that was a massive success proving that crowds would line up at 10PM to ride all night long in the Magic Kingdom. Maybe you advertised a Leap Year special, offered a free training event or a special rental incentive for all leases signed or renewed on the 29th day of February? If you're able to offer something fun, new and helpful to folks, some will seize the opportunity - that's how we filled three suites yesterday ;)

South West Edmonton: Cashflowing Two-Suiter in Queen Alexandra

Turbo charge your portfolio. Upgraded 1948 built legal 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1345 sqft upper 4 bedroom unit with beautiful laminate, plus a spacious 2 bedroom 900 sqft. suite down. The upper suite has newer windows, electric fireplace, fresh paint and appliances. There is a common laundry room in basement too. The lower unit has new paint, windows, insulation and some newer appliances. Lower suite walks out to a shared fenced yard. There is a 2 car detached garage with automatic door and opener, bringing in additional revenue. 5 minutes to U.O.A., 20 mins to NAIT, Grant MacEwan and Downtown. Fast access to the Whitemud, Whyte Ave. and on the bus routes. These pictures show the detail and care that went into building this quality home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient South West area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; 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 trendy University area.

Produces $242 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $350K Total Investment: $82.3K. Your Estimated 5 Year Profit $42.4K. Your pre-tax Total ROI is 51% or 10.2% per year + $242 Cash Flow in Your Pocket Every Month

Poised for massive growth. These 2 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!

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Economic and Political Power Shifting West

By Post Media News. February 17th 2012

To see the country moving West, you have only to board a flight from Montreal to Calgary and hear almost nothing but French spoken in the waiting area at the gate.

On a full Air Canada flight on a weekday in mid-February, these Quebecers weren’t going to Calgary for the Stampede, or to Banff to ski.

They were going to work in the oilpatch, where a person with a skilled trade — an electrician or a welder — makes well over $100,000 a year. It’s the same in Alberta’s housing industry, which is clamouring for carpenters and plumbers. READ MORE HERE

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Share Oilsands Supply Chain To Fight Shortages
Pooling Resources

By Christine Dobby, Financial Post. February 17th 2012

Known for its dramatic swings, the Alberta oil sands labour market is booming again.

Investments in the industry hit $20.7-billion in 2008 before stalling along with the global economy and slipping to $10.6-billion the following year, according to Statistics Canada.

But that number is steadily climbing, with $11.2-billion invested in 2010 and an estimated $14.3-billion last year.

Production of the non-conventional resource is projected to hit 2.4 million barrels per day (bpd) by 2014-15, up from 1.61 million bpd in 201011, according to the Alberta government's 2012 budget. GRAB THIS STORY

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CMHC Predicts Stable Canadian Housing Market

By Angela Mullholland, CTV News, February 13th, 2012

Canada's housing market will remain stable for at least two more years, Canada Mortgage and Housing Corp. predicted Monday, with the expected slow growth in the economy keeping house prices in check.

CMHC, the Crown corporation that insures Canadian mortgages, expects little change during 2012 in prices and sales of existing homes, as well as little change in new home construction.

Mathieu Laberge, deputy chief economist at the agency, says low interest rates will keep buyers buying, but the slow economy will put a damper on any price hikes.

"With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011," Laberge said in a CMHC statement. FOLLOW THIS ARTICLE

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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.

"Winning takes talent, to repeat takes character.." -John Wooden

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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 2011 Top Ten Investment Towns of Alberta and Ontario.

I love this article about Premier Harper. It's straight out of Engrishfunny.com. We used to see this stuff everyday in Japan. One of our favorites was a tissue box that recommended dancing with our bodies on. On the other hand I've been known to spout some pretty weird Japanese phrases.

However light the story it's interesting to see the vitriol and support in the comments. In light of Forbes ranking he can do whatever he likes with his pork knuckles or elbows for that matter.

What does $1 Million dollars get you across Canada? It doesn't seem to be much....
Check here and see for yourself.

Then for more fun check what $5 to $10 Million will get you - now THAT's better!

What a year!

We finished a Cornerstones Grant Suite, reached Platinum REIN member status, received the 2011 Top Player award from REIN, were semi-finalist in the Canadian Real Estate magazine Western Canada Top Investor Award, had a baby and managed to write for magazines in Canada and the UK and be in a couple of Don R. Campbell's books.

To be honest Todd thinks he is working at 40% capacity (time management) and I'm probably 30% so what could we do if we took it up a notch...? If I were at 40% I would have posted this sooner!

To all our partners you've pushed us to reaching these goals by asking questions and we couldn't have done any of this without you!

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

February 15th., 2012
Volume 11, Issue 10

Dear Friends and Partners,

Yesterday I left Danielle a note encrypted with a secret message for her to decipher. She spent 45 minutes searching high and low throughout our home before decoding and thus finding a Valentine's treasure that I'd hidden for her; chocolates. Not just any chocolates either, these ones were crafted by the talented chocolatier Brett Roy, of Sweet Lollapalooza in Edmonton.

What was especially unique about the chocolate, was it's origin. Brett is one of a handful of chocolatiers selected worldwide to work with this chocolate. It is derived from the 2011 discovery of the 'mother of all beans': pure Nacional. Indeed, its a wonderful and provocative taste for your palate to explore.

You know what was almost as enticing as the sweet? The exclusivity of the story.

Through Brett's skill and artistry he alone was selected to work with this rare chocolate in Alberta. When I learned of this through an interview that aired on CBC Radio, it reminded me so much of our story here in Canada, specifically Alberta.

In a world that is embroiled in economic turmoil, investors from China, U.S.A and Europe seek a safe haven (or at least a safer haven) and are rushing to bring their capital into Alberta. From private investors to large global funds you can follow the money here. And the reasons, sometimes bitter and sometimes sweet, lead to the economic story that is exclusive to our province.

Like any worthy chef or economist, we must strive to keep the recipe consistent and the ingredients balanced.

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South Central Edmonton: Cash-flowing Side By Side Duplex in King Edward Park

Turbo charge your portfolio. Upgraded 1967 built side by side duplex; 2060 sq-ft 2 x 3 bedroom units with stylish laminate. The suites have newer windows large rooms and suite potential in basement.

There is a 2 car detached garage with automatic door and opener, bringing in $225 per month in additional revenue. Great location for rentals only 20 minutes to U.O.A., 15 mins to NAIT, Grant MacEwan and downtown. Fast access to Wayne Gretzky and on the bus routes. These pictures show the detail and care that went into building this quality home.

The real opportunity of this property is converting it into a 3 or 4 unit investment.

Comes complete with great tenants making this a totally turn-key property for you. Convenient South Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to adding additional suites (and cash flow), great purchase price, strong economic fundamentals and the proximity of this rental in relation to Edmonton's sought after south side.

Produces $250.93 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $490K Total Investment: $115,330K. Your Estimated 5 Year Profit $58,155K. Your pre-tax Total ROI is 50% or 10% per annum at a conservative 3% appreciation per year that includes Cash Flow in Your Pocket Every Month

Poised for massive growth. These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!

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Canada's Prosperous West will 'Reign Supreme' in Economic Growth

By Kim Covert, Post Media News. February 2nd 2012

OTTAWA — Geographically, the continental divide roughly follows the spine of the Rockies, separating British Columbia from Alberta. Economically, that line will move over a few provinces during the next decade, to mark the division between the prosperous West and the struggling East.

That's the mixed provincial outlook from TD Economics, which said in a report released Thursday that while no region will be immune to the coming demographic challenges, the West will continue to "reign supreme." The West will be king of a modest hill, however, as growth in the forecast period of 2016 to 2021 will be moderate, say TD Economics deputy chief economist Derek Burleton, and economist Sonya Gulati. READ MORE HERE

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Lamphier: Alberta Economy Drives Enviable Auto Sales Record

By Gary Lamphier, Edmonton Journal. January 17th 2012

Alberta may be home to just 11 per cent of Canada's population, but in economic terms, it's a heavy-weight.

Whether it's measured by GDP (Gross Domestic Product), job growth, average personal incomes or retail sales, Alberta is a critical growth engine for the Canadian economy.

So it should be no surprise that Alberta is also a key market for both domestic and foreign motor vehicle manufacturers.

Consider the latest monthly tally of vehicle sales, released Monday by Statistics Canada. Of the 137,640 cars and trucks sold in Canada in November, 19,723 or 14.3 per cent were sold in Alberta. GRAB THIS STORY

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Oil Rich Alberta Says Provincial Deficit To Fall

By Reuters Canada, February 9th, 2012

CALGARY, Alberta (Reuters) - The Canadian province of Alberta, the largest oil exporter to the United States, said on Thursday it expects to post a smaller budget deficit in the upcoming fiscal year as economic growth boosts revenue from taxes.

The first budget under new Premier Alison Redford, expected to be the basis of her Progressive Conservative party's platform for a spring election, called for a deficit of C$886 million ($886 million) for the 2012-13 fiscal year that begins April 1, down from a forecast C$1.32 billion shortfall for the current year.

Finance Minister Ron Liepert credited higher transfers from the federal government and better investment for the narrowing deficit, but said a strong economy was the leading reason as the province's tax revenue rose. FOLLOW THIS ARTICLE

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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.

"Integrity is doing the right thing, even if nobody is watching." -Jim Stoval

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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 2011 Top Ten Investment Towns of Alberta and Ontario.

I'm in the middle of this book now. It's a very good book to read before you start investing. For me it's a way to get motivated to buy more cash flow real estate.

Before you buy your first house you need to decide how real estate is going to help you become financially free. This book breaks it down to exactly what you need per door to make the income you dream about now.

If you aren't a big reader Peter also offers webinars. Click here to enjoy the latest!

I was driving Ronan to dayschool today and on the way back I heard an interesting spot on the radio. For the first time in Canadian history the west has a higher population than eastern Canada.

What does this migration mean? That there is more opportunity out here. Jobs are better, houses cheaper and young families can make it with higher paying jobs and lower taxes.

Watch our Albertan economy grow as it is a hotspot for jobs, with one of the lowest employment rates in the country.

Links:
West's Population Growth Steady - great bit on the history of the census and milestones in Canadian Census
2011 Canada Census- Growth out west outpacing Ontario - interesting facts about where Canadians live

MSN Canada has a great slideshow of how Canadian CEO's got to where they are. Surprise - they worked really hard! It took years to get where they are! Some had very very meager beginnings.

I don't begrudge them their salaries because they earned it. By the way I think Kevin O'leary is amazing

Take a look here

Time after time I see a tenant unable to pay their rent after just a few days of missing work. There is a snowball effect where they get behind in their rent and bills until the whole situation ends with them thousands in arrears. If your rent is over $1000 it's not hard to get into a lot of debt quickly.

I think it's that many don't know how to save and how to live within their means. Many times the same tenants have expensive cars and a lot of flashy stuff - think big screen TV etc. It's their right to have nice things but they also need to pay rent.

It seems things aren't getting better research shows our low interest rates are lulling Canadians into spending and not saving.

"In the 1980s, households saved up to 15 per cent of their income, but by the early 1990s this dropped below 10 per cent and finally bottomed out at 2.1 per cent in 2005. Since 2005, the savings rate has rebounded slightly - it was 4.8 per cent in 2010 - but it still appears Canadians are now spenders first and savers second." Read More Here

A good rule of thumb is to save 10% of your income every month. If you are really into trying something new save a dollar a day then increase until you can put $10 a day away. You'd be surprised at where you can cut spending to reach this goal. Take David Bach's Latte Factor test to see how much you can save everyday!

Here’s a question – “Should real estate investors be sitting on the sideline in 2012, or are the Alberta market conditions right for taking action?”

Each year, REIN™ answers this question, (and hundreds more) by revealing to thousands of Canadians like you, the precise research and action steps you need to make today’s real estate market conditions work in your favour.

Introducing... The Authentic Canadian Real Estate (ACRE™) Program -- Your Quick Start Guide to Investing in Income-Producing Real Estate Click here To Find Out More

Presented Live by Canada’s #1 Best Selling Real Estate Author, Investor & Researcher, Don R. Campbell, this is the Canadian real estate investment bootcamp that you can’t afford to miss!

I haven't done a This and That blog for a while. Here are 4 interesting news stories:

Young families pull up stake for a better life - These are the stories behind the numbers that we hear all the time. What does cost of living mean to real people? Or higher wages and housing affordability? Read real people stories here.

Western Metros likely to lead in 2012 and 2013 - "In light of the fact that unemployment rates in Regina (4.1%), Edmonton (5.4%), Saskatoon (5.4%), and Calgary (5.7%) have consistently averaged well below the national average (7.3%) over the past six months, it is not all that surprising that the Conference Board in Canada expects that economic growth in the largest metro areas in Alberta and Saskatchewan will continue to outpace activity in the rest of the country over the next 12 to 18 months.

It’s worth noting that in its latest (12/2011) Provincial Outlook, the Royal Bank of Canada also presented a relatively upbeat outlook for growth in those two provinces. This outlook is based primarily on the sustained rise in the global demand for commodities.

Topping the Conference Board’s list of the 27 metro areas is Saskatoon with a projected growth in 2012 of 4.0%, followed by Calgary (+3.6%), Edmonton (+3.4%) and Regina (+2.9%)."

Like the previous article higher employment rates lures people who want more than a condo and huge mortgage payments for their families. Read More Here

Back in Canada In need of home - "When we have a returning Canadian in a professional field who expects to be employed soon and has a minimum 20% down payment, because the mortgage does not need to be insured, the lender is able to exercise their own judgement,"

"If they have good credit history, 20% to 25% down - so more liquidity - the risk for the lender is much smaller than for a high-ratio mortgage. They may request you deposit six months' mortgage payments in an account and they will register a small lien within the bank. Those [funds] are a back-up security for the lender." Ayaz Bhanji, a mortgage broker with Mortgage Intelligence in Toronto

Our experience was 35% down for every property except for the ones where we could assume the mortgage. After about 25+ properties we also got atrocious mortgage rates, think 13.5%, about 7% higher than the norm.

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

February 1st., 2012
Volume 11, Issue 9

Dear Friends and Partners,

I went for a nature walk in the Mill Creek Ravine last friday. It was a lot of fun and the trail was lit with moons, stars and aurora lanterns. The theme of the event was puzzlingly mysterious; at times political. Aurora's Light Walk was defined as this:

"The Mill Creek community is abuzz! The Magpies are spreading the news that the Eager Beaver (Dave Clarke) has a Special Permit and is busy planning a Really Big Lodge. The Skunks are concerned about change in the neighbourhood, and the Ravens are worried the construction might block out the magical lights of the trail that connect them to Aurora, Queen of the Northern Lights (Theresa Dextrase). The People of the Wood (MJ & Ben Moses) offer teachings about balance in nature." Sounds innocuous enough, but man were the skunks and ravens het-up about the development plans of the beavers!"

I suppose our human fears of development and nature preservation can't help but manifest in these characters dialog and personality - at times I felt like I was listening to an anti-development spiel from a whacked out zealot, until I realized it was an actor in costume (or was it?). Interspersed along the path where native lean-to's to use as rest areas. Native folks shared their wisdom of the woods as we huddled around blazing fires and drank cocoa. The event was wonderful, although I wonder if such a contentious topic (or delivery of topic) was intentional or accidental, if the latter it must permeate our minds. In the walk there was no conclusion to whether the beaver's development would harm the environment or not; for her part, the Aurora Queen seemed blessedly unconcerned.

Talk about the proposed Gateway and Keystone pipelines, talk about developments in your neighborhood. Look for ways to create balance and how to move forward economically; the two needn't be divorced from each other.

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South Central Edmonton: Cashflowing Two-Suiter in Capilano

Turbo charge your portfolio. Upgraded 1959 built 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1192 sqft upper 3 bedroom unit with beautiful hardwood, plus a spacious 2 bedroom 850 sqft. suite down. The upper suite has newer windows, faux fireplace, fresh paint and original hardwood. There is a common laundry room in basement too. The lower unit has new paint, bathroom and toilet. Lower suite walks out to a shared fenced yard. There is a 2 car detached garage with automatic door and opener, bringing in additional revenue. 20 minutes to U.O.A., 15 mins to NAIT, Grant MacEwan and Downtown. Fast access to Wayne Gretzky and on the bus routes. These pictures show the detail and care that went into building this quality home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient South Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; 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 ravine area.

Produces $267.75 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $335K Total Investment: $77,300K. Your Estimated 5 Year Profit $42,810.67 K. Your pre-tax Total ROI is 55% or 11% per year.

Poised for massive growth. These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!

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Edmonton Economy On A Roll, Report Says
CIBC Ranks City Only Second To Toronto

By Lewis Kelly, Edmonton Journal. January 20th 2012

Edmonton ranked ahead of every Canadian city except Toronto in a measure of economic momentum released Thursday by CIBC.
"If you look at Edmonton, the labour market is doing much better, population is rising, investment is rising, the real estate market is doing fine," said Benjamin Tal, deputy chief economist with CIBC World Markets and author of the report. "Edmonton is still up there."

Tal's report, the Canadian Metropolitan Activity Index, assigned Edmonton a score of 20 for the third quarter of 2011, almost double the overall average and 6.9 points above Calgary. Toronto, at 23, earned the highest score.

READ MORE HERE

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New Office Towers Seen on Horizon

By Lewis Kelly, Edmonton Journal. January 19th 2012

An increasingly tight office-space market in Edmonton will spark the announcement of two major new buildings this year, according to John Ross, managing director with Avison Young's local office.
"My view is that we'll see one or maybe two new office projects announced, probably toward the end of this year, because the demand is going to be there."

Avison Young released their 2012 predictions for commercial real estate in Canada and the U.S. Wednesday. The forecast predicts office vacancy rates will generally shrink across the 12 Canadian markets Avison tracks. That includes a 1.4-per-cent decline in Edmonton and a two-per-cent de-cline in Calgary.

GRAB THIS STORY

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B.C. Breakfast Chain and Chai Cafe Coming to Jasper Avenue
New Hair Academy and Hair Salon Also Opening Soon

By CBC News, January 27th, 2012

More new businesses are set to open on Jasper Avenue over the next six months, including the first Edmonton outlet of a breakfast chain from British Columbia.

De Dutch plans to open in the street level of the Cambridge Building at 100th Street and Jasper Avenue in June.

Owner/operator Jeff Van Den Biggelar says the restaurant located there to be part of downtown revitalization.

"Jasper Ave. has been a little bit forgotten about and we just want to try and bring some more attention back to it," he said.

FOLLOW THIS ARTICLE

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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.

"Action speaks louder than words but not nearly as often." -Mark Twain

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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 2011 Top Ten Investment Towns of Alberta and Ontario.

Todd was at an all day goal setting workshop this week. It made me realize we are fanatic about goal setting. I'll outline our annual goal setting strategy all done on January 1:

*Five year goals that we push forward every year and review

*The year's goals of pleasure including travel, fitness and fun achievements. This year Ronan did his first set amongst them are stronger kicks in martial arts and catching a fish

*The year's business goals broken down into each month including targets and the reward for achieving them. These are taken from the 5 year goals

*90 day goals are taken from the yearly goals reviewed every 90 days

*A weekly goal sheet that corresponds directly to 90 day goals if goals aren't met we just keep rewriting them into smaller more doable chunks

The thing is it's lots of fun! Especially when you go back and look at what you've written.It's easier to reach goals once you set your mind to it, written them down and broken them into doable chunks.

"Every ceiling, when reached, becomes a floor, upon which one walks as a matter of course and prescriptive right." Aldous Huxley

"If you don't know where you are going,
you'll end up someplace else." Yogi Berra

It's unfortunate that the Keystone pipe was shelved but it is merely one of many projects on the go. When Americans decide to import oil from a safe and friendly country at a greater discount perhaps we'll send them some.

I don't know anything about Congressman Rob Bishop's policies but I have to agree with this:

“As far as I can tell, the President’s energy agenda is simply to make it harder and more expensive for the American people to get by. Whether he likes it or not, the U.S. needs oil and since he won’t allow the U.S. to produce more domestically, we are forced to import it from other countries. Canadian crude oil refined by the U.S. is one of the safest and most affordable alternatives we have to meet our domestic oil demands, which currently outpace supply,” Congressman Rob Bishop

I

This year is the year to build and refine your portfolio. To make sound investments and prepare for 2013 when things get going again. Low mortgage rates and a buyer's market in Edmonton and Alberta set the stage for a perfect investment opportunity.

We are still focusing on multiplex buildings that cash flow. See what our partners are getting here.

"Experts forecast restricted economic growth in most of the world in 2012 due to political waffling in Europe and the U.S., but financial markets could pick up in the last half of the year.

As TD Economics puts it, the year will be more naughty than nice.

Consensus is that emerging markets will continue to be good places to invest in, some solid American companies have been beaten up and represent good opportunity, there is movement in Canada to "invest in the west," and the best sources of fixed income will be corporate bonds and preferred shares." Read More

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

January 15th., 2012
Volume 11, Issue 8

Dear Friends and Partners,

Welcome back! So, how were the holidays - did you have a grand time? Are you excited about the year ahead? Of course there remain many question marks concerning the economy, pipelines, global-financial stability - but living pinned by fear, is not living at all. So many GREAT stories get drowned out when you listen to the news. You have to search for the bright ones.

I was driving through Nisku, an industrial area just outside of Edmonton. I saw 'help wanted' signs on the splotchy ice covered lawns of factories and brightly coloured signs touting 'good opportunity-apply inside' were sprinkled along the artery roads. Employers in Edmonton felt the labour crunch tightening six months back.

Last year the energy sector saw many large multi-billion dollar projects get the green light. The construction industry that builds the projects and material spinoffs, are already busy and anticipate 2012 to be the beginning of massive construction starts.

With BMO offering an insanely low 5 year fixed rate of 2.99%, it looks like 2013 is positioned to carry more main-stream optimism with a wider segment of the economy flourishing in Alberta and Western Canada. Of course nothing is guaranteed and any mix of local or international strife could derail a good thing, but over the next decade the growth will continue through the peaks and valleys.

When it comes to planning your year ahead (and the next 5) here are some critical questions to ask and a few links to help you measure along the way. The questions are courtesy of San Francisco based Career Coach Suzannah Scully's blog.

1. What are you most proud of in the last year?
2. If there were a newspaper headline describing this past year for you, what would it say?
3. What unfinished business do you want to resolve before the year end and when will you do it? (i.e. lingering relationships, apologies, goals yet to achieve)
4. When were you most excited about life in this past year? What were you doing? Who were you with?
5. Looking back, what would you have done differently in 2011?
6. What new dream for yourself did you achieve?
7. Where did you let fear hold you back from a goal you had?
8. What was boring to you this year that you hope to change for next year?

Now, get out there and make your dreams happen!

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South Central Edmonton: Cashflowing Two-Suiter in Capilano

Turbo charge your portfolio. Upgraded 1959 built 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1192 sqft upper 3 bedroom unit with beautiful hardwood, plus a spacious 2 bedroom 850 sqft. suite down.

The upper suite has newer windows, faux fireplace, fresh paint and original hardwood. There is a common laundry room in basement too. The lower unit has new paint, bathroom and toilet. Lower suite walks out to a shared fenced yard.

There is a 2 car detached garage with automatic door and opener, bringing in additional revenue. 20 minutes to U.O.A., 15 mins to NAIT, Grant MacEwan and Downtown. Fast access to Wayne Gretzky and on the bus routes.

These pictures show the detail and care that went into building this quality home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient South Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; 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 ravine area.

Produces $264.75 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $335K Total Investment: $77,300K. Your Estimated 5 Year Profit $42,810.67K. Your pre-tax Total ROI is 55% or 11% per year

Poised for massive growth. These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!

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Alberta's Economy To Lead Nation: TD Report

By Mario Toneguzzi, Calgary Herald. January 10th 2012

Alberta's economy is forecast to lead the country this year and next year, according to a report by TD Economics.

The provincial economic update also sees employment growth in Alberta topping Canada for 2012 and 2013 as well.

The TD Economics report predicts Alberta will see real gross domestic product growth of 2.6 per cent this year and 2.9 per cent in 2013 compared with 1.7 per cent and 2.2 per cent respectively across the country. FOLLOW THIS ARTICLE

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Alberta Rides Strong Job Creation Wave

Province's unemployment rate remains lowest in country

Alberta enjoyed a banner year for job creation in 2011, though new figures show employment changed little from November to December.

Data released by Statistics Canada Friday said the country added 18,000 jobs last month. Few of those came in Alberta, but the province tallied 77,500 new jobs for the calendar year of 2011. Of the past 15 years, more jobs were added only in 2006.

"There were job gains in just about every sector," said Darrell Winwood, public affairs officer with Alberta Human Services. "This was the second-best year for job gains since 1997." The main industries of growth, said Winwood, include construction, health care, social assistance, and both wholesale and retail trade. READ MORE HERE

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Real Estate Market Healthy, Agents Say

By Lewis Kelly, Edmonton Journal. January 5th 2012

Edmonton wrapped up a stable year in real estate in December, the Realtors Association of Edmonton said Wednesday.

"It is a relief to report on the stability and health of the local real estate market," said Chris Mooney, association president for 2011. "With prices and sales varying within a small range, there is a solid base going forward into the 2012 market."

Mooney mentioned the European debt crisis and a depressed housing market in the U.S. as major concerns, but emphasized that the energy-based economy of Alberta in general and Edmonton in particular keeps the local housing market buoyant. GRAB THIS STORY

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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.

"Difficulties come when you don't pay attention to life's whisper. Life always whispers to you first., if you ignore the whisper, sooner or later you'll get a scream." -Oprah Winfrey

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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 home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.

Opened my mail today to find Peter Kinch's Mortgage Minute newsletter in my inbox. It's always a great read and especially informative if you have mortgages to renew or are considering the best tactics for reducing your expenses and increasing cash flow on investment properties through intelligent financing.

Here are three links from his blog enjoy!

2012 Real Estate Market

Pros and Cons to purchasing American Real Estate and Part Two

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

December 15th., 2011
Volume 11, Issue 7

Dear Friends and Partners,

Another year is upon us. I hope that you have enjoyed 12 months filled with growth, change and enough 'wins' to be shaking your head at how fast it was spent. It seems that as we prepare to enter 2012 we enter it with much global uncertainty, as has been the norm for the past few years.
Optimism will prevail and with a bit of hope, and levelheadedness, political and economic stability will come to the nations that need balance the most.

In Alberta we remain very well situated and are better insulated (but not immune) to the global ups and downs; this last recession reminded us just how fast an economy can slow down. The good news remains the same as it was; Edmonton's long-term investing forecast is solid, steady and on track. Investors who focus on cash-flow and employ a long-term outlook, ride the real estate cycles which can be 5 to 7 years or longer, will do well.

Alberta is entering into another period of growth beginning in 2013, so lining up well priced and well positioned assets now is key; you still have incredible rates to take advantage of and relatively decent banking terms for revenue property investors - smart investors are picking up value priced property now.

Danielle and I always take time out over New Year to map out our goals for the year ahead. We focus on family, health, wealth and person goals - if you don't do this already, try it. It's a powerful way to get clear and synchronize as a family what you intend accomplish in the months ahead. As always, we sincerely thank you for your help, support and partnership. May 2012 be your best year yet.

Wishing you a wonderful holiday season and a New Year filled with success!

P.S. Be sure to take advantage of REIN's great Xmas savings on ALL re al estate products below. They make a great gifts too!

Please note: Glenn Simon Inc. will be closed for holidays from December 21st until January 9th. Newsletters will resume from January 15th 2012.

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North East Edmonton: Cash flowing Four-Plex In Killarny

Turbo charge your portfolio. Upgraded 1959 side-by-side duplex converted to 4-Plex with separate entrance to all units. The main floor is massive with nearly 1025 sq ft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are two large nicely finished 2 bedroom suites downstairs. You'll find shared laundry on the lower floor and the main floors have their own laundry.

All suites are well maintained with the main floor having some nicer touches and the basements remaining simple, clean and functional. The yard is low maintenance, landscaped and fenced. There is a 1 car garage and parking for 4 cars. 25 minutes to U.O.A. and 15 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.

Comes complete with great tenants making this a totally turn-key property for you. Convenient North East area with easy access to transit and downtown. Excellent established neighbourhood featuring affordable homes; 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 developing North East.

Produces $732 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $450K Total Investment: $112K. Your Estimated 5 Year Profit $64K. Your pre-tax Total ROI is 58% or 11.5% per year + $732 Cash Flow in Your Pocket Every Month

Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!

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Economy Oversold

By Nick Henselmeier, The Star Phoenix December 6th 2011
Re: Sask. unemployment sees small hike (SP, Dec. 3). An interesting fact is hidden in the November unemployment numbers: Saskatchewan no longer has the lowest unemployment rate in Canada, with that distinction going to Alberta.

While Labour Minister Rob Norris brags about Saskatchewan adding 4,500 jobs year over year, this is in comparison to 98,400 added in Alberta. In fact, Saskatoon's total labour market declined by 1.6 per cent in the third quarter, year over year. GRAB THIS STORY

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BMO Economics: Energy Sector Will Keep Alberta Near Top of Growth Leaderboard in 2012
High oil prices strengthening energy sector and driving labour market - Real GDP growth of 3.3 per cent in 2011; 2.8 per cent in 2012 (Canada's at 2.3 per cent in 2011; 2.0 per cent in 2012)

MARKETWIRE, CALGARY, ALBERTA, Dec 07, 2011

Alberta's economy is significantly outperforming the national average in 2011, and should remain near the top of the growth leaderboard next year, according to the Provincial Monitor report released today by BMO Economics.Despite the sovereign debt crisis in Europe, cooling growth in China and expected sluggish growth in the U.S., West Texas Intermediate crude oil prices remain firm near $100 per barrel.

"Despite some temporary disruptions earlier this year due to wildfires, oil production was up a solid 7.8 per cent year-over-year through August, with even more robust 10.8 per cent year-over-year growth in crude bitumen production," noted Mr. Kavcic. "Longer term, Alberta is expecting raw bitumen production to rise 14 per cent per year in the next two years, as conventional crude output remains about flat, while natural gas production declines." GRAB THIS STORY

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Ewart: Is It To Soon To Cheer Good News?
By Stephan Ewart, Calgary Herald. December 9th, 2011

The news the federal government has approved a 100,000-barrel-a-day oil sands mine in the midst of a key UN climate change conference essentially confirms that Ottawa is not about to bow to international pressure that would potentially harm the economy.

Canada has been singled out repeatedly during the United Nations conference in South Africa for a perceived lack of commitment to reducing the country's fast-rising greenhouse gas emissions.

In the face of the global criticism, Natural Resources Minister Joe Oliver announced Thursday the approval of the $9.5-billion oil sands project. FOLLOW THIS ARTICLE

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

"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man." -Benjamin Franklin

Warm Regards,
Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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 2011 Top Ten Investment Towns of Alberta and Ontario.