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The sales data is in for the month of May and it is really quite encouraging. Across the 10 regions we track monthly in Niagara there were 499 sales registered last month. And there are two ways of looking at it. It was down considerably from the 778 sales registered in May of 2019. That’s a drop of 35.9%. But at the same time that 499 figure is significantly higher than the 280 registered in April. Up 78.2%

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Who would have thought? 2020 opened up to us as a year of great expectations. The economy was robust. The real estate market was soaring. It was going to be an amazing year. Who would have ever imagined that just over the horizon lurked a devastating monster that would effectively threaten the health and well being, even the very lives of people around the globe and bring the world economy almost to a stand still? And yet just a couple of months into the year that is exactly what happened. COVID-19.

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If you have ever attended one of my Money Machine seminars, watched our investment videos or read any of our investment articles such as those in this newsletter, you’ll understand the power of real estate investment as a vehicle for generation of passive income while at the same time allowing you to build up immense personal wealth. And, believe me, acquisition and ownership of rental real estate will allow you to accomplish both of those objectives.

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