Edmonton Real Estate Investor

What Does The Future Hold For Canadian Real Estate in 2012–2016?

How to Be Worry-Free...
Whether the Economy Booms,
Busts or Stagnates!

Discover the Simple Yet Startling Facts that Will Allow YOU to Create
Long-Term, Sustainable Wealth with Real Estate Over the Next 5 Years--
While Most Other Canadians Stay Scared and Confused

Get Your tickets now for the October 19-20 big event CLICK HERE

Alberta housing leads nation: CMHC - "The economy in Alberta has been improving and is expected to be one of the leaders in economic growth," "That will naturally support the housing market."Richard Cho, senior market analyst with CMHC's prairie division

Everything you wanted to know about Edmonton - Here is a great site about people living in Edmonton. Lots of good facts and feedback from real Edmontonians. Great if you are thinking of making the move out west.

Edmonton's job market among hottest in Canada - "Edmonton’s 4.5-per-cent unemployment rate ranked third among Canadian census metropolitan areas, behind Kelowna’s 4.1 per cent and Regina’s 4.2 per cent. Calgary, at 4.6, was fourth.
“The Edmonton economy is just banging away on all cylinders,” said John Rose, the City of Edmonton’s chief economist."

Not real estate related but wonderful all the same CLICK HERE

This week I've seen two separate articles about people from around the world coming to Alberta to find work. The first was about American vets applying in the thousands to get out here for high paying jobs.

“As far as I know, Alberta is facing a serious labour shortage and is in desperate need of skilled workers. People coming out of the military do have skills or are prepared to learn them, which is why their unemployment rate is two points below (the United States’) national average.....It’s not just oil and pipeline work up there. There’s all this construction and road work going on,....It’s incredible. Canada has a great economic engine right now.....As far as I’m concerned, it’s a win-win for everybody,” Ted Daywalt, president of the Atlanta-based companyVetJobs

The second was about recruiting from Ireland;

“We’re changing people’s lives by giving them an opportunity,”...A new job could mean the start of a new life. Canada needs skilled workers, and skilled Irish workers need jobs. It all comes full circle.” Linda West Actyl Group

I've had a few tenants from the UK. They emphasized the difference in quality of life and the opportunities we have in Alberta and probably Canada on the whole. Todd and I have been doing real estate comparisons and the cost of living is very different. Of course there is a lot to consider and straight comparisons are not entirely accurate.

Actually, on our recent trip to the UK and France we were asked a lot of questions about life in Canada and people had great interest in living here. In France one airport official literally chased us down the tarmac so he could write "Edmonton" down so as to not forget the city name. We should seriously be Ambassadors for Alberta!

Wow. One day you wake up and it's autumn. Is it ever beautiful here. Not only in Edmonton, but all of Canada really does autumn well. For me a tropical beach is ok for about 2 weeks after that it's so monotonous. However, four beautiful distinct seasons always present something to look forward to.

The market changes too. A property well priced and listed in July will go a lot more quickly than one in October or November. Our Realtor Catherine says anything will sell at the right price. That's the rub finding the right price for you and the buyer.

I always know summer is ending because the calls to my phone decrease by about 90%. It seems anything that is going to happen is going to happen between April 1 and September 30. I stop driving around like a madwoman and stare at the piles of paperwork teetering on my desk. Its a nice transition and you know by April I'm ready to get out and start driving again.

After a not entirely restful holiday we are back to enjoy a beautiful summer revival in the capital city. Our tour of France, England and Scotland was fantastic! The architecture! The FOOD! The wine (we had an amazing medoc wine on the Bourdeaux coast)! It was all great.

However, 10 month-old and 4 year-olds aren't as interested in these things as we are... Their take on the trip would be more like this. The playgrounds! Loch Ness monster! Chocolate croissants for breakfast! Superman outfit at the Eiffel Tower!

So we had to make our goals meet somewhere in the middle and although exhausted we come home enchanted with the UK and France.

This is the most important re-education we take from our trip. Immediately we realized the Todd and Danielle style of power travel wouldn't work. So we re-evaluated our goals for the trip, decided what was must see and what we were willing to let go. It's a strategy we use in our business all the time. Now we know exactly how to travel with young kids and still have a great holiday ourselves.

All the best,
Danielle

Picture is of Dunottar Castle in Aberdeenshire, Scotland - my favorite

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

August 15th., 2012
Volume 13, Issue 2

Dear Friends and Partners,

I am going to work on my brain fitness this summer, I'm going to sharpen the saw. Maybe you're familiar with me talking about this throughout the year and how I often take a break during summer and winter to totally un-plug. Even though I know the benefits of exercising, taking a rest, stimulating my mind or simply just unplugging - I don't always do it. It's easy to get caught up in the day, putting out the fires or planning for tomorrow. Inevitably when you get caught in this moment of rush and frustration you make mistakes, and are never playing at your highest level. Some symptoms of overwhelm include over-scheduling, missing an appointment, being distracted, frustrated, stubbing your toe (just happened to me), over eating, skipping meals or missing regular exercise. The rub is that the busier we are the more we need to put time aside to de-stress. Otherwise you'll be forced into de-stressing by sitting with an icepack on your toe, just like I am. Here's a great link to Sharpening The Saw.

= Please note: We'll be closed for summer holidays from August 31st - September 19th. There will not be a September issue of the newsletter. Newsletters resume October 1st. Enjoy the summer! =

===============

Transitional Area - North Central Edmonton: 4-Suite Cashflow Property in Killarney
*This isn't one of my target areas but it offers value to turbo charge your portfolio.*
Upgraded 1960 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1900 sqft, 2 bedroom suites per side with upgraded windows, appliances and some laminate. The lower units each have a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a shared, fenced area, and a 3 car detached garage with automatic door and opener, bring in additional revenue. Some upgrades include new windows and paint. 15 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 North central area with easy access to transit and downtown. Kensington is an 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 $668.15 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $598K Total Investment: $136,756K. Your Estimated 5 Year Profit $84,230.45K. Your pre-tax Total ROI is 62% or 12.4% per year + $668.15 Cash Flow Every Month

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!

=========================

Lamphier: Edmonton's Tech Success Fly Under The Radar
Smaller, Younger Companies Responsible For Lion's Share Of Growth.

By Gary Lamphier, Edmonton Journal, July 30th 2012
EDMONTON - The tech sector seems to excel at creating overhyped duds, from RIM to Nortel to Facebook.

Chalk it up to stock market hucksterism and a bad habit of over-promising and under-delivering.

I’ve written about the trend many times — often to the chagrin of the sector’s diehard boosters.

But TEC Edmonton boss Chris Lumb has long insisted there is a more positive side to the tech sector saga, and now he has the numbers to prove it.

Lumb’s agency — a joint venture between the University of Alberta and Edmonton Economic Development Corp. (EEDC) — recently completed an online survey of 74 junior tech firms in the capital region. GRAB THIS STORY

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Pipelines Remain Economy's Lifeline

By Opinion Editorial, Edmonton Sun, August 1st 2012

According to Natural Resources Canada, the country's crude oil and natural gas pipeline network is over 700,000 kms in length and extends to all provinces and territories except P.E.I. and Nunavut.
The safety record of this huge and vital national energy distribution system for the past few decades is impressive, but the reality is not every drop gets to its intended destination. Accidents are going to happen.

Recently Enbridge, Canada's largest operator of pipeline systems, has been accused of carelessness in its handling of a number of spills that have occurred in both Canada and the United States. READ MORE HERE

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NWT Premier Throws Support Behind Alberta Over Pipeline
By Josh Wingrove, Globe and Mail, August 5th 2012

EDMONTON - Bob McLeod knows pipeline battles.

The Northwest Territories Premier and former industry minister is a long-time champion of the stalled Mackenzie Valley natural gas pipeline, a project four decades in the making and still far from fruition. His territory’s oil and gas reserves remain largely stranded despite rich potential – a linchpin, as he sees it, to drive the North’s economy for a generation to come. But only if they can get them to market.

This year, Alberta and British Columbia have sparred over the $6-billion Northern Gateway pipeline, with B.C. threatening to scuttle it without a bigger slice of the revenues.

Now Mr. McLeod has waded into the fray, warning the impact ripples far beyond those two provinces. Without cross-border pipelines, the North will suffer too, leading Mr. McLeod to support Alberta’s hopes for a Canadian energy strategy at premiers’ meetings in Halifax and go public with overtures of exporting through the North, not the West. FOLLOW THIS ARTICLE

================

Please note: We'll be closed for summer holidays from August 31st - September 19th. There will not be a September issue of the newsletter. Newsletters resume October 1st. Enjoy the summer! =

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.

"To sit in the shade on a fine day, and look upon verdure is the most perfect refreshment." -Jane Austin

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 2010-2014 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

August 1st., 2012
Volume 13, Issue 1

Dear Friends and Partners,

Listening to B.C. Premier Clarke and AB Premier Redford in the media recently, has been interesting. It's a careful dance to watch as the Premiers use just enough posturing, strategy and manipulation to coax agreement out of one another.

I'm often reminded of how we sit in a balance. Ontario and several areas of eastern Canada have really entered into rough economical patches. In the west we are (at least currently) set up for growth - but like everything we sit in a balance, often dependent on external sources and relationships to propel us forward.

Every property I buy, I do so with caution and anticipation. Granted here in Alberta, and to a lesser degree B.C. and Saskatchewan, we are well situated and blessed with a bounty of natural resources; and we need a market for them. We need to be cognizant of events in the USA, Europe just as well as our provincial neighbours and of how events can play out, affecting us both in the positive and negative; remember those 'unintended consequences'?

Buying for the long term, focusing on cash flow and preparing your portfolio for rate and expense increases is solid advice and a strategy for weathering storms. There is opportunity in every market, especially this one.

===============

Transitional Area - North Central Edmonton:
4-Suite Cashflow Property in Killarney

*This isn't one of my target areas but it offers value to turbo charge your portfolio.*

Upgraded 1960 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1900 sqft, 2 bedroom suites per side with upgraded windows, appliances and some laminate. The lower units each have a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a shared, fenced area, and a 3 car detached garage with automatic door and opener, bring in additional revenue. Some upgrades include new windows and paint. 15 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 North central area with easy access to transit and downtown. Kensington is an 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 $668.15 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $598K Total Investment: $136,756K. Your Estimated 5 Year Profit $84,230.45K. Your pre-tax Total ROI is 62% or 12.4% per year + $668.15 Cash Flow Every Month

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!

=========================
Booming Edmonton Spurs New Wave Of Shopping Developments
By Bill Mah, Edmonton Journal, July 20th 2012

EDMONTON - Edmonton may already boast North America’s largest mall and one of its biggest power centres, but a new wave of shopping developments is springing up across the region.
Tightening vacancy in Edmonton’s retail market, a strong economy, growing population and an influx of new retailers are spurring the building boom.

Over 3.2 million square feet of development is being added to Edmonton’s commercial footprint over the next year, said Colliers International in its first-quarter retail market report.

Vacancy in the retail market has plummeted to 2.4 per cent, a historic low, it said. GRAB THIS STORY

===============

Hotel Called Cornerstone Of Edmonton's Inner City Revival

By Bill Mah, Edmonton Journal, July 16th 2012

EDMONTON - On a dusty lot, across the street from a minimum-security correctional facility, derelict buildings and a former peep show, developer Prem Singhmar broke ground Friday for an upscale $45-million hotel.
The hotel is the first to be built in central Edmonton in decades, but more importantly, supporters call it a catalyst project for the long-awaited Quarters redevelopment of the inner-city area east of downtown.

“It’s taken a long time to come up with a project that is worthy of developing in this neighbourhood,” Mayor Stephen Mandel said.

He called it a cornerstone project that will spur development in the area. Already, the city is working with the arts community to build an artists habitat nearby and with the Chinese community on other projects, he said.

“We’re lucky to have special people in our community like Prem Singhmar, who have a great vision for what things can be, rather than what they aren’t.” READ MORE HERE

===============

Edmonton Firms Head To Seattle Seeking Trained Workers To Fill Manpower Gaps
By Bill Mah, Edmonton Journal, July 4th 2012

EDMONTON - A newly launched campaign to recruit skilled workers from the United States by industry and the Edmonton Economic Development Corp. (EEDC) got a publicity boost from a major American news outlet Wednesday.

But the online report on FoxNews.com also had officials at the city’s economic booster agency scratching their heads.

The Fox program reported EEDC was wooing U.S. military veterans and active-duty soldiers across the border to fill as many as 114,000 skilled-labour jobs including working on Canada’s section of the Keystone XL pipeline — a project which isn’t scheduled to start any time soon since Keystone has not been approved in the United States. 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.

"Failure teaches success" -Japanese 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 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.

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

July 15th., 2012
Volume 12, Issue 10

Dear Friends and Partners,

We've been having a pretty awesome summer here in Edmonton, and by awesome I am referring to our weather. The past two weeks have been terrifically hot (for this city) with a 'heat wave' pushing temperatures into the 30s. We've had sensational thunderstorms even with a bolt of lightening hitting our neighbour's house!

Unfortunately, the storms have caused much flooding in the South of the city resulting in water damaged basements, road and business shutdowns and even, ironically, the pool at the recreation centre to close. A smoky haze blanketed the city yesterday from wildfires burning up north. It has been an eventful summer so far.

Aside from the weather being hot, the real estate market is too. Mortgage brokers saw a sharp spike in purchases as a result of the mortgage laws tightening last week, bringing the amortization period down from 30 years to 25 on unsecured loans.

I've seen strong demand in suited homes and multifamily properties. Many deals change hands well before they hit the MLS and the good ones that do get listed are often pending on the first or second day. I had 3 potential MLS deals do the same on Wednesday and Thursday of last week.

My advice for the summer? Stay cool, enjoy the heat and target your properties wisely so that you can write an offer that gets accepted.

===============

North Central Edmonton: 2-Suite Cashflow Bungalow
Turbo charge your portfolio. Upgraded 1964 built suited bungalow with separate entrance to lower suite. Upstairs you'll find a stylishly finished 1015 sqft, 3 bedroom suite with upgraded windows, appliances and new laminate. The lower unit has a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and separate laundry area. There is a shared, fenced area, and a 2 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include new windows down and kitchens. 15 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 North central area with easy access to transit and downtown. Kensington is an 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 $227.13 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $335K Total Investment: $78,344K. Your Estimated 5 Year Profit $41,909K. Your pre-tax Total ROI is 53% or 10.6% per year + $227.13 Cash Flow 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!

================

Rental's Hard To Find In Edmonton's Booming Economy
By CBC, July 4th 2012

Edmonton's strong economy is making it harder to find rental housing because high migration numbers are driving down vacancy rates.

"When people are moving into the city there's an immediate demand for housing ," said Christina Butchart from the Canada Mortgage and Housing Corporation.

"Because we're seeing higher migration flows and an expanding labour market we're seeing this tightening of the rental market."

The vacancy rate is just below 3 per cent. While the number of available vacancies has dropped since last year, it is still far cry from the one per cent rate seen during the last boom five years ago.

Still, prospective renters are having problems. Matthew Wood is moving from Ontario to Edmonton after his wife found a new job. However, his attempts to find suitable accommodation have been unsuccessful. GRAB THIS STORY

===============

Edmonton Adds 10,000 Jobs In June Due To City's "Unique Environment"

By Lewis Kelly, Edmonton Journal, July 6th 2012

EDMONTON - Edmonton bucked national and regional employment trends in June, adding 10,000 full-time jobs over the last month, according to data released by Statistics Canada on Friday.
The city’s unemployment rate dropped from 4.9 per cent in May to 4.4 per cent last month.

“The contrast between what’s going on here in Edmonton and what’s going on in the rest of the Canadian economy couldn’t be more stark,” said John Rose, the city’s chief economist. “The rest of the economy is struggling.

“We’re in a very unique environment here.”

Data for the whole province shows a slight decline in job numbers from May to June, including in manufacturing and construction, but both sectors grew in the greater Edmonton area. READ MORE HERE

===============

Oil Sands Tapping Military Veterns To Fill Jobs
By Edmonton & Calgary Globe and Mail, July 6th 2012

EDMONTON — When Heather Reid broke her ankle in a training exercise after seven years in the military, she suddenly found herself in an unfamiliar place: the job market.
But then she found Alberta’s Prospect Human Services, a job agency tha t launched a program this year tailored to Canada’s veterans. The program immediately caught the attention of the oil industry, which has been struggling with a critical labour shortage since the middle of the last decade.

Traditional labour pools, such as employees who commute from the country’s east coast, are not deep enough to meet demand in an industry that needs to fill at least 9,500 jobs by 2015, and between 50,000 and 130,000 positions by 2020.

And while the efforts of agencies like Prospect to reach injured and retired veterans from Canada and the United States will not solve the labour problem on their own, they serve as an example of the creative thinking that will be needed to address one of the oil sands’ most urgent challenges. 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.

"Love the life you live. Live the life you love." -Bob Marley

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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

Two nights ago Edmonton had an intense lightening storm. It was focused on the southside of the city. You know when you gauge the distance of the sound of thunder to the lightening flash? I could just count 1.. and then the lightening would arc across the sky. It was amazing, beautiful and terrifying. A house 1 block away from mine was hit and burned. One strike turned on my car alarm.

This video puts 30 minutes of this storm into two. Nature IS formidable.

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

July 1st., 2012
Volume 12, Issue 9

Dear Friends and Partners,

Happy 145th Canada! What do you get a country that has everything? Ok, well maybe not everything. I could think of a few things we need, but mainly the intangibles.

I thought it would be fun to test your knowledge with a challenging and unique quiz. Try out your Canadiana knowledge at the O Canada Quiz or the ever popular Alberta Fun Facts Quiz .

Whether you spend it under a majestic Maple tree eating poutine, Montreal style bagels and smoked meat followed by a Nanaimo bar or at the BBQ grilling Alberta beef and sipping a Canadian Club on the rocks (probably illegal) or a Canada Dry be sure to take a break and think of how really awesome our beautiful country is!

===============

North Central Edmonton: 2-Suite Cashflow Bungalow
Turbo charge your portfolio. Upgraded 1964 built suited bungalow with separate entrance to lower suite. Upstairs you'll find a stylishly finished 1015 sqft, 3 bedroom suite with upgraded windows, appliances and new laminate. The lower unit has a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and separate laundry area. There is a shared, fenced area, and a 2 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include new windows down and kitchens. 15 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 North central area with easy access to transit and downtown. Kensington is an 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 $227.13 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $335K Total Investment: $78,344K. Your Estimated 5 Year Profit $41,909K. Your pre-tax Total ROI is 53% or 10.6% per year + $227.13 Cash Flow 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!

=========================
Edmonton's Strong Economic Growth Resulting In Tighter Rental Market: CMHC

By Tim Jones, Edmonton Journal, June 12th 2012

EDMONTON - Justin Ouimet has spent the past five months looking for new home in west Edmonton. “It’s been a long time trying to find a place I can afford,” Ouimet said Tuesday.

“I’ve been trying to move to the west side so badly because my fiancee and daughter live out there right now. They are living with her parents right now because my fiancee needs extra support from her mom because she had a very tough pregnancy.” Ouimet says its been a struggle finding a place that fits within his price range, is in good condition, and in a safe neighbourhood.

Making matters worse, Edmonton’s rental market is significantly tightening up, statistics from the Canada Mortgage and Housing Corp. revealed Tuesday. GRAB THIS STORY

==============

Edmonton Nightlife Generates Generates $686 Million For City
Vibrant Nightlife Necessary To Economy, Says Report

CBC News, June 19th 2012

Edmonton’s late-night entertainment economy creates thousands of jobs and generates millions of dollars per year, according to a city report.
Bars, lounges, nightclubs, casinos, music venues, and after-hours clubs generated $686 million in 2010, the last year for which data was available, said the report completed by Responsible Hospitality Edmonton and the city’s chief economist.

“By conducting economic analysis we can better understand the economic significance of this sector,” said John Rose, chief economist. “And our analysis shows that Edmonton’s late-night entertainment economy is vibrant and thriving.” READ MORE HERE

===============

Edmonton Posts Nations Second Lowest Inflation Rate
By Bill Mah, Edmonton Journal & Mario Toneguzzi Calgary Herald, June 22nd 2012

EDMONTON — The Edmonton region had the second-lowest rate of inflation in the country in May, according to Statistics Canada.

Consumer prices in the Edmonton census metropolitan area rose 0.4 per cent in the 12 months to May, behind only the Calgary CMA at 0.3 per cent, the federal agency reported Friday. On a monthly basis, prices declined by 0.3 per cent in Edmonton.

Among provinces, Alberta had the lowest rate of inflation in Canada, with prices rising 0.4 per cent in the 12 months to May. Compared to April, prices fell by 0.3 per cent.

Nationally, the federal agency said the energy index fell 1.6 per cent in the 12 months to May, its first year-over-year decline since October 2009. Natural gas prices (16.6 per cent) continued to post declines. Gasoline prices decreased 2.3 per cent, after 22 months of year-over-year increases. 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.

"The world is divided into two classes, those who believe the incredible and those who do the improbable ." -Oscar Wilde

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 2010-2014 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

June 15th., 2012
Volume 12, Issue 8

Dear Friends and Partners,

I receive Steve Chandler's Imindshift newsletter weekly. Steve is a tremendous force when it comes to creative thinking, and stark reality checks. He's able to look at himself with blunt honesty and then push through until he gets to the (sometimes unpleasant) core of personal challenge. For our mid-month update, I wanted to send you an excerpt from Steve's email all of which is Steve Chandler's personal content on Imindshift.

"Most people never run far enough on their first wind to find out they've got a second. Give your dreams all you've got and you'll be amazed at the energy that comes out of you." ~ William James

"Find a path and stay on it. Don't quit. Keep walking. You will arrive. You will get tired and winded, but the second wind will always kick in for you when your body, which is bluffing, realizes you are not going to quit. Choose a path and stay on it.

We place too high a value on comfort. We have lost the old fashioned work ethic. No one has ever written a book (though I have been tempted)called Great Moments in Human Comfort.

But a mind shift can turn it back in an instant.Now you are working for the pleasure of working.And because you didn't quit, you got your second wind and now you pass everyone else because they never even know what a second wind is." Steve Chandler

I hope you find this snippet from Steve Chandler's newsletter as insightful as I did.
=========================

NORTH EDMONTON 2 SUITE CASH-FLOW BUNGALOW
==============================================
Turbo charge your portfolio. Upgraded 1965 built suited bungalow with separate entrance to lower suite. Upstairs you'll find a stylishly finished 1150 sqft, 3 bedroom suite with upgraded windows, appliances and new carpet. The lower unit has a 2 bedroom 900 sqft suite. Features down include new laminate, windows, and shared laundry area. There is a shared, fenced yard, and a 2 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include new fence and concrete parking pad. 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 North central area with easy access to transit and downtown. Kensington is an 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 $315.30 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $336K Total Investment: $79,456.00K. Your Estimated 5 Year Profit $44,221.00K. Your pre-tax Total ROI is 56% or 11% per year + $315.30 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 Booming Again As It's Forecast To Lead Country In Economic Growth
Real GDP increase of 4% this year

By Mario Toneguzzi, Calgary Herald, June 12th 2012

CALGARY — Alberta will be the country’s leader in economic and employment growth in the next two years, says a report released Tuesday by RBC Economics.

The report said Alberta will see real GDP growth of 4.0 per cent this year followed by 3.9 per cent next year while employment growth will be 2.8 per cent this year and 2.6 per cent in 2013.

The province will top all provinces in both categories in each of the two years with the exception of GDP growth in 2013 which will tie it for the best in the country with Saskatchewan. GRAB THIS STORY

===============

Home Affordability in Top Markets Deteriorates: RBC

David Paddon, Canadian Press, May 29th 2012

Royal Bank of Canada says home ownership was less affordable in most major Canadian cities during the first quarter, although Calgary and Edmonton bucked the trend. In Calgary, by contrast, only about 36.7 per cent of pre-tax income would be required to pay for a standard bungalow – unchanged from the previous study – and in Edmonton the index improved by 0.4 percentage point to 32.4 per cent. READ MORE HERE

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Alberta Shows Economic Strength

By Myke Thomas, Calgary Sun, June 16th 2012

CALGARY, AB - Economic indicators in Alberta have grown stronger in 2012 and should remain strong going forward, according to the latest RBC Economics Provincial Outlook.

The province leads the nation in most economic performance indicators, by a wide margin in several instances, and RBC expects Alberta’s real GDP to grow at a rate of 4% this year and 3.9% next year. 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.

"A victory without danger is a triumph without glory." -Pierre Corneille

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 2010-2014 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

June 1st., 2012
Volume 12, Issue 7

Dear Friends and Partners,

Do you know where you can find Canada's lowest inflation rate? Right here in Alberta, with Calgary at 0.09%. And the second lowest rate of inflation is Edmonton, at 1%. Canada's national rate of inflation is 2%. With lower taxes and higher incomes this makes Alberta one of the most affordable provinces to live, according to the RBC's Affordability Index. There are arguments for an increasing inflation rate (home values go up/capital gains: more renters) and for a slowing rate (renters turn into buyers: more affordable to buy/better value). Either way you slice, with a strong economy you are doing well.

I was at a great event where Richard Dolin was presenting. His topic was loosely about branding. It made me think - what is Alberta's brand? Is it an economic powerhouse, festival city, home to the youngest workforce, a wild entrepreneurial hotbed with untamed natural beauty? Or is it the only place to go when you need a job, home to polluting oil sands, money-hungry businesses and a too-high murder rate? I would argue that Alberta is a wonderful place to live, full of opportunity and clearly agree with the former positive 'brand'. But what the brand really is is what the majority of people believe it to be and talk about it being.

Brands change, grow and morph according to the underlying 'truth' of the brand. You'll find many people who live in Alberta because they love it, thousands of tourists who visit it because of its splendor. You'll also find homesick camp workers with drug problems that ache to get out. Richard presented the idea that YOU are your brand. What you do everyday, what you do at work, on the street, with your family and friends is who and what people think of you: your brand. A more familiar word is 'reputation'. As society becomes increasingly tech oriented perhaps we will find websites that review our personal brands as we peruse other brands online? No wait...Facebook, LinkedIn, Singles, My Space, etc..

===============

North Central Edmonton: 2-Suite Cash flow Bungalow

Turbo charge your portfolio. Upgraded 1965 built suited bungalow with separate entrance to lower suite. Upstairs you'll find a stylishly finished 1150 sqft, 3 bedroom suite with upgraded windows, appliances and new carpet. The lower unit has a 2 bedroom 900 sqft suite. Features down include new laminate, windows, and shared laundry area. There is a shared, fenced yard, and a 2 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include new fence and concrete parking pad. 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 North central area with easy access to transit and downtown. Kensington is an 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 $315.30 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $336K Total Investment: $79,456.00K. Your Estimated 5 Year Profit $44,221.00K. Your pre-tax Total ROI is 56% or 11% per year + $315.30 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!

=========================

Construction On Condo Towers Overlooking River Could Soon Start

By Gordon Kent, Edmonton Journal, May 24th 2012

EDMONTON - Construction of long-delayed condo towers overlooking the North Saskatchewan River valley could start by year’s end under a proposal to reduce the size of the project.

Zoning for a 1,000-unit development near Jasper Avenue and 85th Street, now called the Edgewater, was approved in 2009, but as the economy sagged, it wasn’t feasible, architect Brad Kennedy says.

“The original project was based on a different time and economics of what potentially could be sold in that area, including some high-end units,” he said Thursday. GRAB THIS STORY

===============

Western Leaders to Talk Environment, Energy and Tom Mulcair

Canadian Press, May 27th 2012

The environment, energy and federal NDP Leader Tom Mulcair are on the agenda Tuesday when leaders of the western provinces and territories get together.
"There is going to be an emphasis on environmental regulation," said Alberta Premier Alison Redford, who will host the meeting in Edmonton.

"British Columbia wants to talk about families and community development and (Saskatchewan) Premier (Brad) Wall and I want to continue to advance the Canadian energy strategy agenda." READ MORE HERE

===============

Oil The Wheels Of Creativity, Alberta

By Todd Hirsch, Globe and Mail, May 23rd 2012

It’s been said that necessity is the mother of invention. But if my biology is correct, a mother alone isn’t enough – you also need a father. And the father of invention is creativity.

Take Alberta’s energy patch. For all the bad press it gets from uninformed critics, its engineers and geologists are rather creative when they need to be. Applications of innovative solutions abound. Think of the steam-assisted gravity drainage technology in the oil sands, which uses much less water and no tailings ponds. Or the achievements in human safety, which have produced a record that is among the best in the world. Or the technology around carbon capture and storage, which is waiting only for a suitable price on carbon to be economically feasible. 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.

"A hunch is creativity trying to tell you something." -Frank Carpa

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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

If you thought that real estate education events couldn’t possibly be both fun AND informative, then you’ve got to come out and join REIN™ as they host one of Ontario’s most compelling real estate investment weekend of the year!

Field Trip - On Friday June 15th, REIN™ will be loading up a convoy of motor coaches with both Members and Guests, and touring a few hand-picked areas of the GTA for a closer look at some of the region’s better-performing investment neighbourhoods. We’ll be paying particular attention to prices, rents, tenant profiles, job growth, and infrastructure improvements in these areas – so that you’ll know exactly what to look for when considering your own investment property. If you like learning in a fun, informal, and social environment, then Click Here to reserve your seat on the bus!

Raising Capital - Then, plan to join REIN™ and our panel of experts as we spend a full day uncovering the solution to the single most common challenge that real estate investors face; “I don’t have enough money to start/grow my portfolio!” This is a not-to-be-missed event, since every investor needs to learn how to raise other people’s money, whether it’s $50k for the next downpayment, or $500k to get you and your partners into a multi-family deal. Click here to find out how you can attend this event, scheduled for the International Centre on Saturday, June 16th. Click here to find out 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

May 15th., 2012
Volume 12, Issue 6

Dear Friends and Partners,

As the economy heats up in the West we’re seeing more ‘good news stories’. And it’s long overdue that we share these stories. However, it’s important to temper every up cycle with cautions that often get thrown aside during a growth spurt. In Alberta, oil and energy still play a major role to our economy. The diversification that we have in the Alberta market is well distributed in many sub categories from nanotechnology to healthcare, from agriculture to manufacturing.

These economies will grow tremendously over the next 30 years and will give Alberta a much more even keel when we enter the down cycles. Nonetheless, the Keystone pipeline and the Kitamat pipeline are important issues to consider as this growth cycle takes hold, as are mortgage rates. There is a great opportunity to position yourself with stress-tested revenue properties and buy right for the next 5-7-10-20 year cycles.

A mortgage stress test is when you run a series of scenarios of how your property will perform when rates increase and if rents drop. This helps you manage and mitigate potential ups and downs that will occur when the market softens. Buy right, buy now, manage well and have a clear exit strategy and you can take advantage of this next cycle which is forecasted to be steady and more balanced than the last one – but not without its challenges.

If you have specific questions about building, managing or exiting a revenue property portfolio, email our office and we can schedule a time to discuss.

===============
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 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: 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!

=========================

Farmers Looking To Cash In On Surging Demand

By Carry Tate, Globe and Mail, May 13th 2012

Beyond the oil patch, Canada’s West has China to thank for its economic prosperity. The Asian giant is gobbling up grains and oilseeds at an enormous pace, helping push prices sky high.

Hoping prices will remain strong, farmers are now aggressively planting the next crops to cash in on the surging demand.

But the planting frenzy has some agriculture experts worried. If the harvest proves bountiful, prices could be set for a big tumble.
In Canada, farmers are expected to plant a record canola crop, which would be the industry’s sixth consecutive record canola crop. This comes after the oilseed flirted with record prices a few weeks ago. Soybean acreage is forecast to set a new high, and Ontario farmers are on track to break their 1981 corn-for-grain record, according to Statistics Canada’s March farm survey. GRAB THIS STORY

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Alberta Leads Economic Way: Report

By Mario Toneguzzi, Calgary Herald, May 3rd 2012

CALGARY — Alberta’s economy significantly outperformed the national average in 2011, as rising oil production fuelled 5.2 per cent real GDP growth, according to the Provincial Monitor report released Thursday by BMO Economics.
The report said the province should remain atop the Canadian leaderboard this year, with growth running 1.5 percentage points above the national average at 3.4 per cent.

“The energy sector continues to drive growth in the province, with oil production up 9.8 per cent in 2011 despite some temporary disruptions,” said Robert Kavcic, economist with BMO Capital Markets, in a statement. “Crude bitumen production rose 12 per cent, and the province is expecting growth of more than 10 per cent annualized in the next three years.” READ MORE HERE

===============

West Coast Pipeline Key To Canada's Interests, Economist Says.

By Dave Cooper, Edmonton Journal, May 9th 2012

EDMONTON — With Alberta’s Western Canadian Select crude trading at $30 a barrel less than world oil prices, Canada must build a new pipeline to the West Coast for the sake of its economic health, says Scotiabank economist Patricia Mohr.

“Imagine the cost to the economy. We have a lot of congestion (at Cushing, Okla.) and are overly reliant on U.S. Midwest refineries. If they go down there is no where for the crude to go,” Mohr told the Canadian Institute of Mining, Metallurgy and Petroleum national conference on Wednesday.

To paint a picture of how important oil has become to the Canadian economy, Mohr presented her team’s latest export estimates. 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.

"Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves way to solution." -David Joseph Schwartz

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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.

I had such a great Mother's Days with all the boys. When asked what I wanted I had a stroke of genius and said I wanted my car cleaned. My car isn't quite a garbage dump but you can certainly find a few cupcake wrappers and a lot of crumbs without too vigorous a search. We all got at it and my car looked great after.

I was treated to breakfast, lunch and even dinner and got a beautiful dwarf pine for the front of my "goth" house. We topped the day hanging outside eating Crave Cupcakes while watching Ronan run through the sprinkler.

Perfection.

I forgot that we contributed to this book until a friend mentioned that we were in it. Check us out on page 118 Take a look here

Do you rent to them? Not dogs directly but the people that own them? I'm starting to have reservations. Of course finding a niche and making it your own can help increase your rents or fees you charge thus increasing income. However, is the pet fee you take or the slightly increased rent you charge worth the post Rover clean up?

How about this:

"This flooring is damaged beyond repair by a large dog. Pets such as dogs and cats can cause significant damage to a house, such as scratching, clawing, spraying, defecation and urination. Pets can generate allergens in persons sensitive to pet dander, fur, etc. Carpeted floors may need removal; hardwood floors may be permanently stained or damaged requiring repair, refinishing or replacement. Masonry floor surfaces may require chemical cleaning, neutralizing odors, and the application of a sealer to control odors. Pets can cause flea infestation in carpets and furniture and house requiring fumigation." Ace Home Inspection Inc.

Is that about $250 in the non-refundable pet fee or $50 more per month in rent? Try a few thousand dollars. I had to Ozone a townhouse to remove the smell of cat urine it cost about $1800.

I live by an off leash dog area and hear all the time - "My dog is friendly he won't bite anyone!" Only to have to grab my toddler out of the way as the dog jumps repeatedly on his back. I also got bit by a "friendly dog". My point if your tenant's dog is as quiet, old perfect as the tenants say then great! If not be prepared for some big bills or lots of diligence on your part to limit the damage.

I've been so busy with numerous jobs that I haven't had a chance to post other than the newsletter. Added to this is the still wonky schedule of a newborn. I'm not getting much exercise and that may be why my brain is working as well as it should. Everyone knows the pitfalls of sleep deprivation but maybe being stuck at a desk all day brings down brain function as well. Read More Here

Mortgage rates are still at an incredible low and banks are vying for you to go with them by offering some good deals. Read about the 10 year rate which allows you to lock in to a great rate for the long term. Definitely a savvy move! Click here to read more

Not really new news - oilsand's projects valued in hundreds of billions of dollars to the Alberta economy. Jump

Edmonton gets an A- from EEDC
"Edmonton has a remarkable economic story. In 2011, our economy grew and showed momentum, and we are poised for a bright future," says Gilbertson. "Combine that with our quality of life, we are well on our way to becoming recognized as one of the world's top mid-sized cities." 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

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

===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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.