Thursday, October 05, 2017

Excellent article on fair tax changes

MSN news not the best news source especially since they have removed their comment section. Too often the comments spoke for the real Canadian sentiment which was quite different than their slant on it.

However their finances department has good information on wealth management, creation and preservation.

Evelyn Jacks'  '10 ways to actually bring fair tax relief to Canada's middle class" is very good

"1. Collect only the right amount of tax, but no more. It was not so many years ago that the average tax refund was under $500.  But today, it’s over $1,700 per person per year.  That’s $3,400 per household, assuming two adult workers.  By reducing the amount of taxes taken at the source, the government would accomplish something remarkable: more milk money would flow through to middle class wallets every two weeks.  There would also be more after-tax cash flow to fund RRSPs, which, in turn, would increase available tax credits. "

I've noticed this myself with tenants. They struggle with rent and then hope to catch up with a huge tax return. Why over-collect?

Get all 10 tips HERE

Wednesday, October 04, 2017

This and That October

It's no surprise businesses are revolting to Trudeau's tax overhaul. Will be interesting to see how it extends to his family fortune as well.. Read more

NDP minimum wage increase comes into effect this Sunday Read here

The ICE District is really changing downtown. A $75,000 parking stall seemed unthinkable before Jump

Friday, September 29, 2017

Quarter Four Prep

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

September 29th,  2017

Volume 23, Issue 04

Dear Friends and Partners,


I hope that summer been good to you. Did you take time to be with family, friends and make memories? If not now, then when. I’ve bought a ton of new audio books in a range of subjects that I hope to expand and enlighten myself with or at least, be entertained.

Fall is here and for some of us (like me) that means kids have already been in school for a few weeks and the routine has kicked into gear. Don’t get stuck though - as we finish up Q3 and get ready to enter Q4 you’ll want to continue planning and building for the new year.

We see interest rates moving upward, but still well low for great revenue buys. We see the same with property - multifamily is tighter than 6 months ago, but there are always deals if you know what to look for.




We're are transitioning our newsletter to mid-month only. The next newsletter will be November 15th, 2017. There will be more blog posts so keep an eye out there. 

 Central SE Edmonton: King Edward Park, Legal 4 Unit - Cashflow


Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. Despite being on a busy road, this 4-Plex attracts renters for its location. Zoned RF 4 and near the proposed LRT route, this is a great rental and long term money maker.

It's a 10 minute drive to downtown and 12 minutes to U.O.A & Hospital. This property has undergone many upgrades including mechanical, windows, flooring and interior upgrading.

Well sized 3 X 2 bedroom & 1 X 1 bedroom units. Has coin laundry area as well. Built in 1966, massive parking pad, zoned RF4 and wide front yard. Terrific access to local amenities in sought after King Edward. Purchase price to include minor renovation budget to upgrade exterior to make it standout - all rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. King Edward Park is a mature neighbourhood that is convenient for tenants working downtown or attending U.o.A 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: $721,000
Total Investment: $203,350
Your Estimated 5 Year Profit $87,665
Your pre-tax Total ROI is 43% or 8.6% per year


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 evolving economy spins a new tale of recovery

By Claire Young, Calgary Herald, September 22nd., 2017

It turns out that when spiders go up into space, they eventually figure out how to spin webs without the help of gravity. The first webs are a bit messy and don’t work, but then the spiders adapt to new methods.
The capacity of adapting to new or unforeseen circumstances that shift the fundamentals for how work gets done is also seen in the human world, adapting to disruptors in the work world. That’s the topic of ATB Financial’s senior economist Todd Hirsch’s new book, Spiders in Space — Successfully Adapting to Unwanted Change.

It was also a thread in his economic forecast presented at the Building Industry and Land Development Alberta’s annual conference in Jasper on Sept. 15.

The price of oil crashing reverberated around Alberta, causing a fundamental shift.  READ MORE HERE 

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Billions of dollars spent downtown changing perceptions, survey suggests
By Claire Theobald, Edmonton Journal, August 30th., 2017

A new Downtown Business Association survey suggests billions of dollars invested in Edmonton’s downtown are changing public perceptions of the area while highlighting challenges ahead as the city looks to double the number of people living in the core.

“We’ve been doing a lot of work and putting a lot of money and time and significant investment into making downtown a more inclusive and inviting place, and we’re seeing that pay off,” said Ian O’Donnell, executive director of the Downtown Business Association (DBA), speaking at the Matrix Hotel at 10640 100 Ave. on Wednesday.  GRAB THIS ARTICLE


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Edmonton to bid on ‘tasty morsel’ $5 Billion Amazon headquarters

By Catherine Griwkowsky, Edmonton Journal, September 8th., 2017

Online retail giant Amazon is looking for a second North American headquarters and Edmonton is hoping to be its home.

The Seattle-based business is looking to open what it calls Amazon HQ2, a $5-billion construction project that could bring with it 50,000 jobs.

Mayor Don Iveson said the Amazon request for proposals is a “tasty morsel” that made his ears perk up Thursday.

“If they’re looking for assets like great talent, affordable downtown real estate, one of the best machine learning and artificial intelligence shops in the world just down the train line from the university, I think we have a great case to make,” Iveson said.  FOLLOW THIS STORY


 ===============

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.

Life is too short to be living someone else’s dream..” - Hugh Hefner

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 blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget our next newsletter is November 15th, 2017!


Monday, August 14, 2017

August This and That

What a beautiful hot summer in Edmonton. We've had some spectacular hail and thunderstorms. The only thing I'd complain about is the mosquitoes...

LNG possibility lives on, even after death of Pacific NorthWest LNG
Gordon Hoekstra, Vancouver Sun  08.02.2017
"This week, just seven days after B.C. Premier John Horgan and his NDP cabinet were sworn in, global energy heavyweight Petroliam Nasional Bhd killed its mega-project Pacific NorthWest LNG, citing poor market conditions.

With a price tag of $11.4 billion for the liquefied natural gas (LNG) plant and a docking terminal that would have loaded tankers bound for new markets in Asia, another $6 billion for a pipeline to carry gas from northeast B.C., and billions more needed to develop gas resources, this was no small cancellation.

There were as many as 4,500 jobs estimated for the project’s construction peak and another 300 or so estimated permanent jobs in northwest B.C., which has been hit hard by thousands of permanent job losses in the forestry sector, including from pulp mill and sawmill closures.

LNG was a nascent sector that had been touted by former Premier Christy Clark and her Liberal government as a new underpinning for the province’s economy." Read more
=====================================

Artificial Intelligence industry takes root in Alberta
By: Aaron Chatha Metro Published on Tue Aug 08 2017
"Alberta is becoming a hotbed for developing artificial intelligence, or machine learning technology.

Alberta technical agency Cybera thinks that AI research in the province could lead to more jobs, and a better retention of our best and brightest talent.

To start, the University of Alberta in Edmonton has led the charge in AI research for decades now. In fact, the federal government recently budgeted $125 million for AI research, and $25 million of that is already allocated for the U of A’s machine learning lab.

But the real kickstarter for Alberta’s AI industry is that DeepMind, a pioneer organization in machine learning, is opening their first-ever international AI research office in Edmonton." Jump
=====================================

 Edmonton welcomes new modular apartment
Tuesday, August 1, 2017

"Edmonton’s first modular apartment made entirely of shipping containers is opening this month at 95th Avenue and 163th Street. Known as Westgate Manor, the three-storey, 20-unit multifamily development will bring much needed affordable housing to the area.

Constructed with an innovative all-steel modular building technology that uses surplus shipping-containers as its structural core, the apartment modules are fabricated in the Ladacor factory in Calgary, then transported to the infill site to be installed. In total the process takes three months, with less than a month needed to erect the modules for the apartment block on site.

Westgate Manor features a mix of two-bedroom and one-bedroom units, all with balconies and patios, attractive landscaping, modern design, and extensive parking.

“The re-purposing of the shipping containers is both an environmental consideration, as well as providing a far superior steel structure,” said AJ Sliviniski, President of Step Ahead Properties.  “Offering schedule savings and less site disruption to the area, the non-combustible, durable steel versus wood material leads to higher public safety, and overall higher quality and lower execution risk with factory manufactured predictability. By the time the project is finished it is indistinguishable from conventional construction.”" Read more here

Thursday, August 03, 2017

False Boom?

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 3rd., 2017

Volume 23, Issue 03

Dear Friends and Partners,

The talk about the economy is starting to cheer up. But, there isn’t a lot of strong economic data to support it, at least not long-term anyway. We should feel optimistic with the increase in building contracts and public sector industry, but oil & gas is still taking a hiding. ‘Diversification’ is present and needs much time to grow and take root. ‘Cautiously optimistic is a good phrase’ for this summer. If you want a darker read (or perhaps a rant) go HERE

Our next newsletter will be October

Central NW Edmonton: Idylwyde, Conversion to 4 Unit - Cashflow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites. Zoned RF 4 and with potential to build a revenue increasing garage, this is a great rental and long-term money maker. 10 minute drive to downtown 10 mins to U.oA. & Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite. 1971 built, large parking pad, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Idylwyde. Purchase price to include major renovation budget to add suites and improve exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Idylwyde is a mature neighbourhood that is convenient for tenants working downtown or attending U.o.A. 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: $629,000
Total Investment: $111,800
Your Estimated 5 Year Profit $79,958
Your pre-tax Total ROI is 60% or 12% per year

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 is about to be Canada’s fastest growing economy again

By Greg Quinn & Catarina Saraiva, Bloomberg, July 28th., 2017

"Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada.

Gross domestic product in the western province will rise by 2.9 percent this year, according to a Bloomberg survey of economists, up from an April estimate of 2.5 percent. That matches forecasts for neighboring British Columbia, and in 2018 Alberta comes out on top with a 2.4 percent expansion that would be tops among Canada’s 10 provinces." JUMP
===============

Albertans see wage increase; economist considers it encouraging sign

By Scott Johnston, Global News, July 27th., 2017

"The take-home pay of employed Albertans rose in May by 1.9 per cent. It marks what City of Edmonton chief economist John Rose considers another encouraging sign the region is now on the rebound after a recession.

Considering the numbers from Statistics Canada on the average weekly earnings, alongside improvements in employment, retail sales, wholesale activity and housing starts, Rose is cautiously optimistic." GRAB THIS ARTICLE

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

Alberta economy rebounding, but deficit will remain: Conference Board of Canada

By Alyssa Julie, Global News, July 27th., 2017

"A new report suggests Alberta will have trouble getting back to a balanced budget despite an increase in oil royalties and corporate tax revenues.
The Conference Board of Canada forecast in its fiscal snapshot that Alberta’s economy would grow by more than three per cent this year and 2.3 per cent in 2018. But it said economic growth would not reach pre-recession levels."  FOLLOW THIS STORY


 ===============

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.

“I feel extremely lucky, extremely grateful, and a little bittersweet, too.”
-Wentworth Miller

Warm Regards,

Todd and Danielle Millar

 

Saturday, July 15, 2017

Fair Share

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 15, 2017

Volume 22, Issue 12

Dear Friends and Partners,

Rate hikes may be the story this week, but it really should be a potential $20B oil project. Few other provinces (or countries) have a chance to deal with projects of this magnitude (story below).

While the rate increase affects more Canadian and grabs more attention it is a much lesser story. Premature as it is to increase rates, it is a modest climb at best and will not affect most Canadians negatively.

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora 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: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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!


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

Yedlin: Alberta's economy heightens Bank of Canada challenge 
Deborah Yedlin Calgary Herald July 13, 2017

"Unlike British Columbia, which is expected to lead economic growth for a third consecutive year in 2017, this province is still struggling to get on its collective feet.

The disparity vividly illustrates the challenges faced by the Bank of Canada in managing an economy that varies in strength and prospects from coast to coast.

While many forecasts have shown Alberta finally bouncing off the economic bottom — Royal Bank has predicted growth of 2.9 per cent in 2017 and 3.4 per cent next year — it’s not exactly cause for celebration, given how deep a hole the province is digging out from." READ MORE

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

Fort McMurray welcomes $20B oilsands mine proposal, but not its plan to fly in workers 
By David Thurton, CBC News Posted: Jun 28, 2017 5:00 AM MT

"A company's plan to construct a new $20.6-billion oilsands mine is being seen as a potential boost for Fort McMurray's ailing economy.

But even before the project gets the regulatory green light, there's concern the mine wouldn't rely on local labour."We certainly are in an economic circumstance that provides great concern," Mayor Melissa Blake "  JUMP

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

Ending the Alberta transfer gravy train would add new dimension to pipeline wars
Claudia Cattaneo: Westerners are sick and tired of transferring vast wealth to the rest of Canada, while having to fight to preserve the industry that fills Ottawa’s coffers
Claudia Cattaneo, Financial Post July 14, 2017

"The debate over pipelines has surfaced some ugly Alberta bashing in recent years, but a new counterpoint is getting increasing traction in the province — no pipelines, no Alberta gravy train to fund federal programs in the rest of the country.

Alberta opposition politicians like Brian Jean are all over this, and if members of his Wildrose Party and of the Progressive Conservatives vote to support a union July 22 to create the United Conservative Party, increasing their chances of unseating the NDP in the next provincial election, expect an escalation of demands to end what is seen as an unfair transfer of wealth from Alberta to the rest of the federation, particularly Quebec, without receiving corresponding benefits along with plenty of blame for oil and gas related environmental impacts.

Jean is seeking a meeting to discuss “equalization fairness” with Prime Minister Justin Trudeau during a visit to Calgary Saturday for the Stampede. He said in a statement the program has been “ripping off Albertans for years” and needs to be redone." READ MORE

=========================
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.

All some folks want is their fair share and yours. - Arnold H. Glasow

Warm Regards,

Todd and Danielle Millar

Saturday, July 01, 2017

Canada 150

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 1, 2017

Volume 22, Issue 11

Dear Friends and Partners,

Happy 150th Canada Day!

Such a young country. So much promise. A great, safe place to live.

Here’s a short article to ponder about Western Canada’s Real Estate Market - great for those BBQ conversations HERE

Enjoy your long weekend and celebrate Canada. 

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora 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: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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!

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

Innovators toil to revive Canada oil sands as majors exit


By Nia Williams & Ernest Scheyder, REUTERS, June 20th., 2017

In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States.   READ MORE HERE 

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

Alberta’s economy shrinks for second year running, but outlook may be improving
By Staff, Canadian Press, June 29th, 2017

EDMONTON - Alberta ended its most recent fiscal year with a $10.8 billion deficit and $33.3 billion in debt, but Finance Minister Joe Ceci said Thursday the economic outlook is improving and the NDP government still plans to balance its books in six years.

The province's year-end financial statement said the Alberta economy shrank by more than seven per cent over 2015 and 2016 as the cratering in oil prices led to tens of thousands of layoffs and sharply cut government revenues.  GRAB THIS ARTICLE

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Hicks on Biz: Alberta heading to a Red October?


By Graham Hicks, Edmonton Sun, June 22nd., 2017

An Edmonton businessman, who has succeeded within Northern Alberta’s roller-coaster economy for some 15 years, sat across from me and shook his head.

“October,” he said. “It’ll catch up to us by October.

“Red October – the streets of Edmonton will run red with financial bleeding.”

Revenues in most Edmonton-based business are either flat, or have mildly dropped year-over-year. Funny how that happens when a 50 per cent drop in oil and gas prices works through an economy.  FOLLOW THIS STORY


 ===============

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.

If a battle can't be won, don't fight it. - Sun Tzu

Warm Regards,

Todd and Danielle Millar