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.
Monday, February 27, 2012
Friday, February 24, 2012
$1 to $10 Million homes across Canada
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!
Check here and see for yourself.
Then for more fun check what $5 to $10 Million will get you - now THAT's better!
Friday, February 17, 2012
Thanks 2011!
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!
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!
Tuesday, February 14, 2012
An Economic Lollapalooza
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.
===============
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!
===============
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
===============
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
===============
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
===============
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.
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.
===============
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!
===============
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
===============
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
===============
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
===============
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.
Friday, February 10, 2012
Peter Kinch's Canadian Real Estate Action Plan
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!
Wednesday, February 08, 2012
Tipping the scales
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
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
Tuesday, February 07, 2012
Canadian CEOs -Where they started
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
Monday, February 06, 2012
Sock it away
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!
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!
Saturday, February 04, 2012
REIN 2012 ACRE Event Calgary
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!
Friday, February 03, 2012
This and That
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.
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.
Wednesday, February 01, 2012
The Aurora Queen's New Condo
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.
===============
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!
===============
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
===============
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
===============
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
===============
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.
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.
===============
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!
===============
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
===============
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
===============
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
===============
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.
Subscribe to:
Posts (Atom)
