Friday, February 17, 2017

Family Day Weekend Flu

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 16th., 2017
Volume 22, Issue 3

Dear Friends and Partners,

It's seems the flu bug has stopped at our home for a visit. The bright side is that it's perfect timing on a long weekend with no plans and nothing but time to get better.

Take care and enjoy Family Day Weekend!

Central (Downtown) Edmonton: West Jasper Place, 6-Unit Cashflow Apartment

Turbo charge your portfolio. For those wanting a low risk investment in a gentrifying area with 6 units under one roof - here it is. This 6-plex offers is 5 minutes to Grant MacEwan, 6 minutes to Hospital, 10 to downtown.

This is property has many 3 of the 6 units recently upgraded. 4 X 1BD, 1 X 2 bedroom and 1 X BACH, all units are above grade (no basement suites). 1974 built, 6 parking stalls and great curb appeal.

Terrific access to local amenities in highly rent-able West Jasper Place. Property is zoned R7 and is a legal, purpose built apartment. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the transitioning neighbourhood of WJP.

Comes complete with great tenants making this a totally turn-key property for you. WJP is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $680,000
Total Investment: $161,200
Your Estimated Pre-Tax 5 Year Profit $102,145
Total ROI is 63% or 12.6% per year

These 6 (legal) 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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Which Canadian cities will boom (or not) in 2017

By Daniel Tencer, Huffington Post Canada, January 16th., 2017

Toronto and Vancouver are once again set to come out on top of all major Canadian cities when it comes to economic growth, says an economic forecast by the Conference Board of Canada.

The two cities have seen the strongest economic growth in Canada over the past year. At one point, they accounted for all the net job growth in the country.

The Conference Board expects these cities to repeat their top performance next year, though their economies will grow more slowly due to an expected slowdown in the housing market, brought on by new mortgage rules and declining affordability.  FOLLOW THIS ARTICLE


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Varcoe: Alberta’s report card reveals scars economic upheaval, signs of recovery


By Chris Varcoe, Calgary Herald, February 9th, 2017

Report card day arrived late last week as the provincial Finance Department unveiled its “Year in Review” study on Alberta’s sputtering economy in 2016.

It reads like a teacher’s commentary about a student having trouble concentrating in class, with lousy marks awarded in many areas interspersed with a few middling grades.

“Considering that we’ve been a straight-A student for so long, I would call 2016 a C-minus,” says ATB Financial chief economist Todd Hirsch.

“It was a pretty rough year, but not a disaster … so I’d say a C-minus, maybe bordering on a D.”

That’s fair, given the upheaval of 2016. GRAB THIS STORY
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Oil firms resume rail shipment as crude oil pipelines fill up again

By Jesse Snyder, Financial Post, February 13th, 2017

CALGARY — A looming pipeline shortage could force more barrels of Canadian oil onto rail cars over the next few years, as oilsands companies look for alternative shipping options amid a gradual rise in production.

The oil industry’s pipeline woes have eased in recent months after Prime Minister Justin Trudeau approved two major pipeline proposals, and after U.S. President Donald Trump invited TransCanada Corp. to resubmit the  Keystone XL pipeline permit. 

However, the earliest date of completion for any new pipeline project is around the end of 2019 — if there are no delays. With oilsands production expected to rise over the next five years, and with Canada’s pipeline system near capacity, oil firms are tapping crude-by rail once again. MORE HERE
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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.

“We must let go of the life we planned, so as to accept the one that is waiting for us.”  -Joseph Campbell

Warm Regards,


Todd and Danielle Millar









Monday, February 06, 2017

Money Mantra Advice

These are good "money mantras", take a look at these MSN slides so that you can buy one of these and not end up like this.

Wednesday, February 01, 2017

The Power of Purpose

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., 2017

Volume 22, Issue 02

Dear Friends and Partners,

Lately, I’ve been reminded of Nate Silver’s quote; “We must become more comfortable with probability and uncertainty.” That may feel like understatement, but it's not a determent. When your surroundings seem unstable it is natural to stop and take stock before moving forward. Paradoxically, we do the same when things are good. If your life is going well, you may be less likely to make pivotal changes.

I find it a necessary and rewarding exercise to force the question of ‘purpose’ to myself at these times. You can ask this question in any facet of your life; money, health, relationships. It is particularly good for investing in unsettled times and helps focus on the core rational for doing so. If you’re not already doing it, try it. Identify and clarify the ‘purpose’ of what you are doing and check it to see how compatible it is in your big picture. Relevancy matters.

The actions we choose either lead us closer or further away from our core goals. Taking regular stock of these goals and purposes is how we measure where we are and determine our overall state of happiness, safety and health.

Whether looking to stocks, precious metals, mutual funds, GICs or a plethora of other investments you’ll be hard pressed to find investments that produce as stable a return as income property. Real Estate isn’t immune to downturns either, and you’d be naive to think otherwise. Cycles may be longer or shorter, valleys deeper and peaks not quite so high or any variance in between; this is the uncertainty we all face.

Check out this terrific article that Steven Kaufman wrote on The 7 Tips Entrepreneurs need to know before investing in Real Estate, good stuff!




Central (Downtown) Edmonton: West Jasper Place, 6-Unit Cashflow Apartment

Turbo charge your portfolio. For those wanting a low risk investment in a gentrifying area with 6 units under one roof - here it is. This 6-plex offers is 5 minutes to Grant MacEwan, 6 minutes to Hospital, 10 to downtown.

This is property has many 3 of the 6 units recently upgraded. 4 X 1BD, 1 X 2 bedroom and 1 X BACH, all units are above grade (no basement suites). 1974 built, 6 parking stalls and great curb appeal.

Terrific access to local amenities in highly rent-able West Jasper Place. Property is zoned R7 and is a legal, purpose built apartment. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the transitioning neighbourhood of WJP.

Comes complete with great tenants making this a totally turn-key property for you. WJP is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $680,000
Total Investment: $161,200
Your Estimated Pre-Tax 5 Year Profit $102,145
Total ROI is 63% or 12.6% per year

These 6 (legal) 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 real estate market looking unsettled, expert says
By Gordon Kent, Edmonton Sun, January 17th., 2017

Edmonton has been sailing through relatively calm waters during Alberta's economic meltdown, but there could be choppy days ahead, real estate specialist Don Campbell said Tuesday.

The capital has benefited from a stable government workforce and such major construction projects as northeast Anthony Henday Drive, Rogers Place and towers in the Ice District, said Campbell, senior analyst at the Real Estate Investment Network.  READ MORE HERE

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Alberta’s ‘bittersweet’ recovery: Don’t expect a job surge anytime soon, TD warns
Despite GDP growth forecast, report says ‘it will likely take some time to filter through the job market'


By Robson Fletcher, CBC News, December 20th, 2016

Alberta's economy is still expected to lead the country in growth over the next two years, according to the latest forecast from TD Economics, but the report warns that doesn't mean jobs will suddenly come surging back to the province.

"This year's top performing economies, B.C. and Ontario, are expected to lose some momentum thanks to a cooling in the housing market, while Alberta and Saskatchewan head to the top of the leaderboard," the report reads.

"But, this will be bittersweet, as the job markets in these oil-producing economies are expected to remain soft, leaving unemployment rates historically elevated.”  GRAB THIS ARTICLE


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Kevin Libin: Why is Alberta’s economy the only one the Trudeau Liberals are plotting to ‘phase out’?

By Kevin Libin, Financial Post, January 30th., 2017

Which Canadian leader will finally lay out a national plan to phase out Ontario’s auto industry?

Obviously, with the auto sector accounting for half-a-million jobs in Canada, at least 1,200 Ontario parts and equipment suppliers, and about 20 per cent of Ontario’s GDP and 12 per cent of Canada’s, it’s not something we can phase out tomorrow, naturally. But the more than two-million vehicles produced in Ontario annually burn billions of litres of carbon-heavy gasoline every year, emitting tens of millions of tonnes of carbon dioxide. This cannot go on.  FOLLOW THIS STORY


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

“It’s always good to be underestimated.” - Donald Trump

Warm Regards,

Todd and Danielle Millar

Tuesday, January 31, 2017

There is no Canadian Real Estate Market

I read this article the other day. It's not bad advice, all markets crash, it's not news to anyone. Although sometimes is a bad surprise if you're in that tumbling market. 

Part of being an investor is going through some really bad stuff, losing money, losing tenants, damaged properties and (gasp) the 3am toilet call. 

The biggest problem is there is no Canadian market. There's the Vancouver market and the Galiano market and the Cape Breton market and though they are all Canadian they couldn't be any more different.

So, yes, your market will crash, hopefully you aren't over exposed. If you are learn something from it get up and start over. Certainly don't run away and never look back because "investing is dangerous".

Not investing is more dangerous. 



Monday, January 30, 2017

A united front in Alberta

Saskatchewan Premier Brad Wall watching potential Alberta merger  - "But their proposals have a marked difference. Kenney's five-point plan sees a new party rise from nothing, whereas Jean wants a united conservative front using the Wildrose Party's legal entity as a base.

There's not enough time to create something out of nothing, Jean says, echoing the arguments against Kenney's plan made by PC leadership hopefuls Richard Starke and Byron Nelson.

In 1997, the Saskatchewan Party had nothing — no support base, no constituency associations and, most importantly, no cash.

At nightly town hall meetings across the province, MLAs would try to sell memberships and get people involved as volunteers or potential candidates.

Although Kenney insists the question of transferring money between parties in Alberta is up for debate, the province's chief electoral officer, Glen Resler, says it's not allowed.

That would leave a new party starting from scratch, hoping it can raise enough money to effectively contest the 2019 election.

For Jean, the risks are untenable.

Wildrose raised $2 million last year, saving a large chunk of it in a war chest for the next election.

Dissolving the party would mean giving that back to donors or, worse, the government. It would also mean surrendering assets including every single computer, giving up leases and getting rid of staff.

"The idea of blowing up both parties and starting a new one is, in my opinion, very, very dangerous," Jean said.

He insists his plan would allow a united conservative force to hit the ground running, and eliminates the risk of a party in disarray if Premier Rachel Notley calls a snap election." Read full article

Tuesday, January 17, 2017

Cash flow tips for Entrepreneurs

No one has money to spend, sales are down and the Christmas spending frenzy visa bill is coming in the mail. What can you do to increase your cash flow in tight times?

This article is excellent 7 cash flow resolutions for entrepreneurs in 2017

Real estate is different in that you can't upsell your rent once you're in a lease. Once popular add-ons, like the monthly pet fee, are exactly what causes tenants to move to cheaper places.

So keep expenses low. Keep good tenants even if it means a decrease in rent. It's better to not have to renovate AND drop rent to meet market prices.


Upkeep is crucial now as you can nip a bigger problem in the bud. For example I pay for all the tenant's furnace filters, it's much cheaper to spend $30 of prevention than $90 plus for a flame sensor that's dirty.

People will always need places to live and Edmonton is a vibrant city going through a rough patch...

 I heard the other day $60 is the new $90 regarding oil prices:

"On average, the well cost assumptions for these producers have fallen by almost 25%. At the same time, the expected recovery per well has climbed by a similar amount. In other words, on lower costs and improvements in extraction, producers in these three light oil plays are spending almost 40% less, on average, to recover a barrel of oil."

Let this be an example on how to run your properties, make do with less and when the economy bounces back you'll have increased your cash flow. 



Monday, January 16, 2017

Lemonade from Lemons

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com   email: info@glennsimoninc.com



January 16th., 2016

Volume 22, Issue 01

Dear Friends and Partners,

Happy New Year!

Hopefully you’re rested and recharged for the year ahead. We’ve got some big changes in the U.S. that undoubtedly will influence us in some way, hopefully for the better. Despite a gloomy start to 2017, there are some bright spots with pipelines, steadier oil prices and lower real estate values (good for buyers, bad for sellers). This year is looking similar to 2016 but with some relief in the later half of Q3 being projected.

When investing for the long-term, cyclical dips present good opportunities to expand your portfolio. Seasoned investors understand that down cycles occur, no matter how protracted one is - it will change direction.

As for adages; slow and steady wins the race & make lemonade from the lemons life gives you are good ones to follow. Change and creativity come from challenges, this is a time to improve and invent - we can shape a good year ahead.

South Central Edmonton: Queen Alexandra, Legal 6-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great area with 6 units under one roof - here it is. 6-unit with 5,600 sqft, steps from trendy Whyte Ave. and across the road from school. 5 minutes to U.O.A., 6 minutes to Hospital, 10 to downtown.

 This is property has many recent upgrades and offers a self contained basement unit. 3 X 1 bedroom units with balcony, 3 X bachelor suites. 1916 built, RF3 zoned building. 6 Parking stalls and single garage. Terrific access to local amenities in sought after Queen Alexandra.
Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature U.O.A. neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Queen Alexandra is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University Hospital.


Purchase price: $628,000
Total Investment: $179,000
Your Estimated 5 Year Profit $91,846
Your pre-tax Total ROI is 51% or 10% per year


These 6 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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10 Stories that shook Alberta’s economy in 2016


By Chris Varcoe, Calgary Sun, December 29th., 2016

Fires, recession, pink slips and deficits.

At times, 2016 delivered so much negative news, it felt like Alberta's economy was a punching bag, swinging back wildly from one blow only to be pummelled by another.

The fire that ravaged the community of Fort McMurray in May caused thousands of people to flee and the entire oilsands area to shut down.

In tandem, the second year of recession saw Alberta's jobless rate soar. Oil prices sank below US$30 a barrel in January and February before recovering, topping $50 by the end the year.READ MORE HERE 


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Sturgeon refinery could be the start of something even bigger chairman says

By Gordon Kent, Edmonton Journal, December 2nd, 2016

A small army of tradespeople is piecing together the giant storage tanks and kilometres of tubing for a major project that could kickstart even more industrial development in the Edmonton region.
The $8.5-billion first phase of the Sturgeon refinery isn’t scheduled to start turning bitumen into ultra low-sulphur diesel and other products until late 2017, but North West Refining chief executive and chair Ian MacGregor is champing at the bit to begin the other two phases.  GRAB THIS ARTICLE


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How will the Trump factor affect Alberta? Economists say they’re optimistic

By Stuart Thomson, Edmonton Journal, January 8th., 2017

Two of Alberta’s top economists say they’re more optimistic than most people about Donald Trump’s effect on the province’s economy.

Catherine Rothrock, Alberta’s chief economist, said there’s one big caveat about predicting what the president-elect of the United States has planned, though.

“I don’t think anyone knows,” Rothrock said at a real estate conference on Wednesday morning.

“We have spent some time trying to wade through the Trump factor,” she said. “I’m probably a little more optimistic than other people, especially on the trade side.”FOLLOW THIS STORY

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

“Write it on your heart that every day is the best day in the year.” -Ralph Waldo Emerson

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.