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

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

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

Saturday, June 17, 2017

Alberta Mid Month Update

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


June 17, 2017

Volume 22, Issue 10

Dear Friends and Partners,

Happy Father's Day Weekend!


South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow 

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital. 
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include 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. Ottewell 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.


Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 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!

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

Ontario vs. Alberta smackdown: Which will lead Canadian growth this year? 

By Erica Alini  May 17, 2017    Global News  
  "Canada’s economy is steaming ahead, but will Ontario or Alberta take the lead?

Economists disagree on which province will post the fastest growth this year. According to the Conference Board of Canada, which published its spring economic forecast today, the crown belongs to Alberta. That province is projected to post a 3.3 per cent increase in real GDP. " HERE

 =========================

Oil majors embracing push to green energy: Wood Mackenzie
By Geoffery Morgan June 12, 2017 Financial Post

"We are able to make investments in this business where the investment proposition is right in the middle of the fairway where the risks and rewards are very similar to our core pipeline and utility businesses,” Calgary-based Enbridge Inc. executive vice-president and chief development officer Vern Yu   HERE

 =========================

After oilsands divestments, Shell Canada refocuses on gas, chemicals and renewables
By Geoffery Morgan June 6, 2017 Financial Post

"CALGARY – Shell Canada Ltd. will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company’s transition to produce less oil and more energy from natural gas, renewables and chemicals.

This follows Shell’s massive US$7.25-billion divestment of its oilsands assets, announced March 9. The company still plans to build an LNG terminal in British Colombia, but no timeline has been set."
 HERE


=========================
 Natural gas production boom has pipeline demand exceeding supply
 By Geoffery Morgan June 14, 2017 Financial Post

"TransCanada Corp. announced Wednesday that natural gas producers had bid for more space on a new $2-billion expansion of its Nova pipeline system than was available.

“We had more people in the queue than ultimately signed contracts,” TransCanada president, Canada and Mexico natural gas and energy Karl Johannson said.

Johannson said natural gas production from the prolific Montney, Duvernay and Deep Basin formations is surging and gas reserves in those formations has grown to the point that, “I think people have stopped counting.”

The expansion project will allow gas producers in northwestern Alberta and northeastern B.C. to move an additional 2.6 billion cubic feet of gas per day out of the field and into pricing hubs. It will also allow producers to send 400 million cf/d to markets in California, Nevada and the Pacific Northwest. gas production boom has pipeline demand exceeding supply" HERE

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

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.

“Brevity and consciousness are parents of correction.” -Hosea Ballou

Warm Regards,

Todd and Danielle Millar

Monday, June 12, 2017

June 2017: Top Cities to Buy Property in Canada - by James Cummingss

Vancouver, Sky-Train, Canada, Commuter, Transit

It is easy to see why property owners, Investors, developers are cautiously optimistic about the Canadian real estate market right now. While some parts of the country face certain unique challenges, the Vancouver and Toronto markets continue to experience an increased demand brought by lack of supply.

Although this has raised prices, and led to affordability concerns, the underlying message is that markets in each region present valuable opportunities for smart investors and developers. That is provided they embrace technology and correctly predict the needs of future buyers.

An economic viewpoint

Canada’s economic performance seems to have bounced back from a weak stint since 2015. The country’s economy continues to readjust itself in the wake of declining oil and other commodity prices. According to Conference Board of Canada’s Metropolitan Outlook 1 Spring 2016, the country’s GDP is expected to increase by 2.3% in 2017 and stay above 2% till 2021.

As Richard Morrison of Turbo Tap says, “While there are regional differences in the outlook for various types of property, developers, property-owners and investors are optimistic about the coming months.”

The following are some top places to buy:

Edmonton

Most people who’ve only read or heard about Edmonton think the city’s main attraction is the big West Ed Mall, but those who’d been or lived there will tell you there’s so much more from the “the blue collar city.”

Much of the wealth of Edmonton --- considered Alberta’s cultural, administrative and educational hub (the city is home to the University of Alberta (UofA)) --- owes to the trades people who work in the oil sands.

Edmonton is famously nicknamed “Canada’s Festival City,” largely because of its vast number of carnivals and thriving art scene with 82nd Avenue (around Whyte Avenue) the main hub.

People who’ve made a home or work in the city know that access to Anthony Henday Drive is the key to a good quality life, as the ring road links easily to all corners of this fast emerging Albertan city.

A lot has however changed in the last 15 years, since construction on this road first started as neighbouring communities to the Henday Drive, such as Montrose and Newton, continue to see rapid growths and expansions. Developers are refocusing attention to these city corridors but buyers could still get an older bungalow for about $275,000.

Guelph  (Ontario)

Guelph has established itself on top of the list as the city with the most attractive opportunities for real estate investors in Canada according to Moneysense’s 2017 “Buy Now” ranking. This means it has knocked Thunder Bay from its 2-year stay on that pedestal (now down to 4th position).

Over the past few weeks, government experts, economists and bank CEOs have expressed some concern about the ongoings in the property sector. In a recent report, it was revealed that the price of homes in Toronto had risen by 33%. The city’s housing market shows no signs of cooling as the price of a standard detached home in the city soared from C$1.6 Million to C$2 Million.

No market is totally devoid of issues, but some are in a better position to buffer a market downturn. One such place is Guelph.

At the moment, homes in Guelph cost C$441,000, which is about 4 times the average household income. In comparison to markets like Saint John, Moncton or Thunder Bay, this city in Southwest Ontario is not exactly cheap, but when compared to Toronto, it can be regarded as affordable.

Toronto, Skyline, Cn Tower, Canada, Ontario



Durham (Ontario)

In spite of the predicted drop in some sales activity, Ontario’s housing markets won’t see price declines anytime soon. This is especially true for properties in the Greater Toronto Area and in the larger Ontario region called the Golden Horseshoe. This is mainly as a result of a persistent lack of supply of housing stock, especially for low-density, single-household detached homes.

The lack of supply indicates that sellers are sitting comfortably in a heated seller’s market. Figures are measured by the months of inventory ratio. The common rule is that an inventory ratio under four months (120 days) is strong seller terrain.

The lack of inventory has affected the price of housing in the last 12 months. As a result, property owners or investors looking to sell a home in Durham and surrounding areas can expect strong demand. The average price of a home in Durham is C$527, 285, which is nearly 5 times the average household income. The 5-year annual ROI average is 10.9%.



Burnaby and Burquitlam (Vancouver)  

According to MLA Advisory, a property intelligence group, an estimated 4,500 new presale condominium units will be launched in Metro Vancouver between April and June. Almost half of the new condos will be located in Burnaby and Burquitlam. According to MLA, these areas will be the busiest for concrete condo sales in Western Canada, 2017.

If you are in the market for presale condos, these areas should pique your interest. Downtown Vancouver also shows promise as a top buy location this quarter with the forthcoming 1,000 luxury units to be unveiled later this year.

Real estate properties are also selling out fast in this area. For example, Wexley and Belmont at Heritage are said to be quick approaching sell out. It is estimated that more than 35 new high-rise buildings will be launched this year in Metro Vancouver, as well as 10,700 new concrete units.

Economic growth

According to PWC, Vancouver is expected to top all cities in Canada with a GDP growth of 3.3%, driven by strong gains in employment and housing statistics. It isn’t known yet how British Columbia government’s increased property tax for foreign investors will impact the Vancouver market in the long term.

Millennials are also driving up the city’s rental market. They are looking for new, better-quality units near good facilities and close to public transit.

Following closely behind Vancouver in terms of top growth is Saskatoon, with a forecasted 3% GDP.

By James Cummings

Wednesday, May 31, 2017

Course Correction


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


June 1st., 2017

Volume 22, Issue 09

Dear Friends and Partners,

Summer is upon us - we’re already into June and it has been a tumultuous year around the globe. As you well know, I like to take a mid-year check up this month. I evaluate my life, business, health and pleasure goals and suggest you do the same.
In addition to 90 day goals a summer check up will help you make crucial course corrections so that you can end the year closer to where you wanted when you set your yearly plan into action. If you are already knocking it out of the park - tweak into the direction where you want to grow or enjoy more. This strategy is simple and it works! 

Speaking of goals - here is someone who met or beat his initial BIG goal; sure he has more to come too.


South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow 

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital. 
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include 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. Ottewell 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.


Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 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!

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


Alberta’s two largest cities on the way to economic recovery

By Michael Franklin, CTV News, May 25th., 2017

 According to a new report, the economies of Calgary and Edmonton will be turning upwards, buoyed by rising oil prices through the year.

The information, published by the Conference Board of Canada, says that while energy investment will remain low, oil production will increase, meaning the worst is over for the industry.

The price of oil is expected to reach $60 US per barrel by the end of the year. READ MORE HERE 
=============


Varcoe: OPEC deal sets stage for continued Alberta recovery

By Chris Varcoe, Calgary Herald, May 24th, 2017

A pivotal moment for the province is unfolding Thursday some 8,000 kilometres away in Vienna, one that could ultimately smooth the runway for a continued economic liftoff in 2017 — or kick the skids out of the nascent rebound.

Members of the Organization of Petroleum Exporting Countries (OPEC) are gathering at the organization’s headquarters in Austria to extend production cuts that helped revive oil markets late last year. An agreement to throttle back production for another nine months was struck, following some encouraging comments made by oil ministers from Saudi Arabia, Iraq and Iran.  GRAB THIS ARTICLE


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


Alberta land sales surge as producers rush into new shale pocket

By Nias Williams, Reuters, May 25th, 2017

CALGARY, ALBERTA -- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic.

Resurgent land prices are a rare bright spot for Canada's energy industry, dominated by northern Alberta's oil sands projects, a sector that global companies have withdrawn from this year because of high costs and slow returns on capital.

The Duvernay East Shale Basin is more similar to shale plays in the United States, where hydraulic fracking can unlock oil trapped between rocks in a matter of months.  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.

“Education’s purpose is to replace an empty mind with an open one.” -Malcolm Forbes

Warm Regards,

Todd and Danielle Millar





Tuesday, May 23, 2017

News clips and Rescues

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


May 2, 2017

Volume 22, Issue 09

Dear Friends and Partners,

Hope you enjoyed your beautiful, sunny long weekend! We spent time walking the ravine with the newest addition to our family, Greta the rottweiler.

After fostering a few dogs over the last few months we found our new family member at WHARF. Rescues are always looking for foster homes. It's the best way to experience having a dog, all expenses paid and for a short stay only.  If you have a "foster fail" as we did, you still win by getting a new addition to your family.

Local Edmonton Pet Rescues
1) http://www.edmontonanimalrescue.org/
2) http://scarscare.org/
3) http://www.cawsab.org/
4) http://www.zoesanimalrescue.org/
5) http://humaneanimalrescueteam.ca/
6) http://aarcs.ca/
7) http://www.animalrescuetransfersociety.com/adoptions
=========================

South Central Edmonton: Ottewell, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
 This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget 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. Forest Heights 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.



Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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 economy looking up says ATB financial
By Michael Franklin, Friday May  19, 2017

"The province's economy is expected to make some advances in 2017, ATB Financial's latest report shows.

The bank released its latest quarterly outlook on Thursday and it's forecasting the economy will grow by 2.7 percent in 2017 and 2.3 in 2018.

Increased stability in the oil patch is one of the main reasons for the growth, the report indicates.

Modest growth in retail activity, housing price and the labour market will also help." Jump HERE
=========================

Lower costs drive drilling boom in "bellweather" Montney shale formation in north western Alberta, B.C 
Robert Tuttle and Kevin Orland, May 19, 2017

"Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation in northern British Columbia and Alberta, and companies like Grimes Well Servicing Ltd. are having a hard time keeping up with demand.

That's because the Montney, unlike many parts of Canada's oil and gas region, is seeing a surge of investment three years after the worst energy slump in decades. During the first four months of 2017, the number of wells drilled jumped 80 percent from a year earlier to 277, according to Calgary-based Grobes Media Inc.'s BOE Report. It's the most for the period since 2014, when oil prices were twice what they are now and natural gas was 50 percent higher. " Read More HERE
=========================

Foreclosures in Alberta up about 25% annually for past 2 years
By Emily Mertz

"More and more Albertans have or are in danger of losing their homes to the bank, according to numbers from the province.

Foreclosures are on the rise, up by abourt 25 percent annually over the past two years. Statistics from the province show a total. of 5,746 properties were foreclosed on between April 1, 2016 and March 31, 2017. Of those, 2,277 were in Calgary and 2,523 were in Edmonton." Jump Here
=========================

And on the other hand....Edmonton real estate up
 ===============

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'm not usually in a talkative mood.”
- Chris Cornell

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.











Tuesday, May 02, 2017

Positive Vibes

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


May 2, 2017

Volume 22, Issue 08

Dear Friends and Partners,

Attitude is everything, right? I’d say that it having a good attitude has to be one of the most important attributes in life. In the commerce of life - sometimes just showing up is enough, even if its with a mediocre attitude. But a person that is open to change and constant improvement, that is truly valuable.

What got me thinking about this is how we see, feel and hear our “communal attitude” in Edmonton (maybe throughout Alberta) shifting to the ever-slightly-optimistic. In my opinion, true change in an economy or a city can first be seen when the community’s attitude shifts slightly more to positive over negative.

We can start to see this now as the roots begin to take hold. You can argue the chicken and the egg here; economy starts to improve, people notice a difference, attitudes change.. vs. people have a collective shift from negative to positive in a down economy, start to think of ways to improve economy and signs of improvement occur.

It may be the Oilers, the Arena District or an uptick in economy, no matter how fragile, the mood is brightening. Of course humans are a fickle lot, but for now there is a sense of brightening in the city.

South Central Edmonton: Ottewell, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
 This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget 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. Forest Heights 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.


Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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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Alberta oilsands producers bet on a local advantage as foreign companies flee

By Kevin Orland, Bloomberg, April 20th., 2017

Now that multinational energy producers have sold their stakes in Alberta’s oilsands, local companies are hatching plans to make some real changes.

Cenovus Energy Inc. and Canadian Natural Resources Ltd. are betting they can exploit new technologies and their deeper understanding of Canadian-specific issues, such as environmental rules and relations with native communities, to profit from one of the world’s biggest hydrocarbon reserves without their former partners.

“The oilsands require a focus on environmental issues like carbon pricing, indigenous issues, things like that, that are very specific kinds of skills that companies need to have for Alberta, for Canada,” said Harrie Vredenburg, a professor at the University of Calgary’s Haskayne School of Business. “Some of the multinationals are not necessarily particularly suited to that. In all those things, it does favour the Canadian firms.” READ MORE HERE 

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Vancouver’s Teck bets billions on Alberta oilsands
First project due for completion this year; second one enters public comment period

By Nelson Bennet, CBC News, April 18th, 2017

The Canadian public is being asked to weigh in on a new oilsands mining project in Alberta owned by Vancouver’s Teck Resources (TSX:TECK.B).

Teck’s $20 billion Frontier oilsands mining project recently entered a joint federal-provincial review panel public comment period.

But not even Teck expects the new oilsands mine to be built before 2026. In the short term, the company is more focused on getting its $13 billion Fort Hills project finished and producing bitumen before year’s end. GRAB THIS ARTICLE

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Braid: How Donald Trump may save us from America

By Don Braid, Calgary Herald, April 18th, 2017

Donald Trump may yet save Alberta. The U.S. president is pushing the province in a direction it has long needed to go — away from the American market.

For Trump this week, it’s goodbye Canadian dairy subsidies.

For the Alberta government, it’s hello China.

Premier Rachel Notley and officials are there now on a 10-day trade mission that also includes Japan. Those countries are already Alberta’s second- and third-biggest trading partners, respectively, after the U.S.

Alberta premiers have long courted the key Asian markets. The opposition parties may be temped to blast Notley for the $160,000 trip, but if they were in office they’d likely be doing exactly the same thing.  FOLLOW THIS STORY


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Todd and Danielle Millar


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