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!
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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!
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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
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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
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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
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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"The 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.
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