Thursday, December 01, 2016

Happy Holidays - Goodbye 2016!

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



December 1st., 2016

Volume 21, Issue 10

Dear Friends and Partners,

Here we are at the end of another year. 2016 has been everything but uneventful across all fronts and around the world. We’re far from  smooth sailings with our local economy, but I think we are at least heading into calmer waters or getting those sea legs steady. I don’t think 2017 will be a banner year, but hopefully stability will increase with the energy sector. Although we are seeing some worrying signals and directional shifts from the federal government related to CMHC (check out Peter Kinch’s link here), plus populist environmental and trade agendas. Nonetheless - we will push forward. We will have a good year ahead! Opportunity is abound!

*This is our last newsletter for 2016, but the blog is continually updated.  Regular newsletters resume January 15th 2017*


Wishing you and your family a very wonderful December and New 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!

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

Why Alberta still has the highest employment rate in the country, despite all the job losses.
Young population and older adults who continue to work to keep the province’s economy resilient, economist says


By Robson Fletcher, CBC News, November 7th., 2016

Alberta has seen tens of thousands of layoffs in the past couple of years but its employment rate — a measure of working-age people who have jobs — remains the highest in the country.

That seemingly contradictory situation is due to Alberta's relatively young population and the fact that older people in this province tend to keep working longer than other Canadians.

It also means Alberta's economy is relatively resilient, said University of Calgary economist Trevor Tombe.  READ MORE HERE 


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Debt-ridden Alberta should take a lesson from thrifty Texas on how to survive the oil boom and bust: report

By Geoffrey Morgan, Financial Post, November 17th, 2016

CALGARY — While Alberta and Texas both enjoyed 10-year economic booms thanks to high oil prices, the province’s “undisciplined” budgets during those years left it in a worse financial position than the state when crude tanked.

In a study titled “One Energy Boom, Two Approaches,” the  Fraser Institute compared the budgets and spending patterns of governments in Alberta and Texas between 2004 and 2014.
GRAB THIS ARTICLE

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Opinion: Alberta’s economy may be poised for a turnaround, but province’s finances still on wrong track


By Steve La Fleur & Ben Eisen, Edmonton Journal, November 21st., 2016

Albertans got some welcome news recently, when ATB Financial suggested that the worst of the oil price downturn is over and that oil prices would continue to increase in 2017. 

This is, of course, encouraging for Alberta’s economic outlook. However, it’s important to recognize that while an increase in oil prices, and a return to economic growth, would help Albertans suffering from the province’s current economic malaise, it’s unlikely to solve the provincial government’s budget problems.

Specifically, unless the province reforms and reduces provincial spending, Alberta’s big deficits will likely persist for years — even if oil prices increase.  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.

“There is no decision that we can make that doesn’t come without some kind of balance or sacrifice.” -Simon Sinek

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.



Wednesday, November 30, 2016

This and that - November

Yedlin: Pipeline approvals put Canada's energy future in much clearer focus -

"Trudeau’s approvals of Kinder Morgan’s Trans Mountain expansion and Enbridge’s Line 3 project — to triple volumes shipped on both pipelines — is a clear sign Canada has found a way to balance the importance of resource-driven economic growth and environmental stewardship.

And while this could yet prove to be a difficult process and there are valid questions about how the prime minister will stand up to the inevitable backlash and court challenges, it’s a long overdue first step." Read More Here

Ottawa approves two pipelines, rejects one while imposing tanker ban on northern B.C. coast
“Canada is a country rich in energy of all kinds,” Trudeau said in approving two export pipelines and rejecting a third. “There isn’t a country in the world that would find billions of barrels of oil and leave it in the ground while there’s still a market for it.” Jump Here

This is just weird and wrong HERE

Tuesday, November 29, 2016

The weirdest map around

There is a quirky map showing what each country in the world excels at.

Canada ranks as #1 for Facebook addicts and USA corner the  spam emails market. 





More here


Monday, November 21, 2016

Tony Robbins Money Tips

I love Tony Robbins and listen to his audio-seminars every time I drive. His documentary Tony Robbins : I AM NOT YOUR GURU is on my watchlist on Netflix.

 His energy level is the best part. I feel pumped after listening to him speak and I'm sure I get more done on those days. 

20 best money tips of all time from Tony Robbins




Tuesday, November 15, 2016

Trumped

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 

November 15th., 2016
Volume 21, Issue 9


How about that U.S. Presidential election…? Like it, love it or hate it, it was something to behold. With opinions of candidates aside, what an amazing use (or abuse) of media and ‘social clout’ was displayed (pop stars, really?).

If you haven’t seen Idiocracy, this election mirrored elements of it. Nonetheless, change is good. And one thing for certain is that a shift has been made. It may take the next 4 years for it to fully manifest, but the people have voted and have won fairly.

Meanwhile back in Canadian politics… Silence.

Bonnie Doon Bungalow Conversion: 4-Unit, Reno-deal. Cash-flow central

Turbo charge your portfolio. This is currently a Side by Side that can be turned into a 4-Unit. * These are pre-renovation pictures *

Price includes interior, exterior renovation and landscaping costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1978 German built, well maintained.

Terrific access to local amenities in mature Bonnie Doon. As part of renovation package; all new appliances, shingles, flooring and suite upgrades. This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! Renovations always present as a 10/10 on quality and style. This is a turn-key deal. Excellent access to U.O.A and downtown and in the highly rentable and desirable neighbourhood of Bonnie Doon.

Comes complete with great tenants making this a totally turn-key property for you. Bonnie Doon is a sought after mature neighbourhood that is convenient for tenants working downtown and 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 desirable growing core.

Purchase price: $680,000
Total Investment: $160,000
Your Estimated 5 Year Profit: $108,076
Your pre-tax Total ROI is 67.5% or 13.5% 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!

------------------------------

Edmonton economy took hit in the fall, expected to rebound in 2017

EDMONTON JOURNAL
November 8, 2016

Edmonton’s economy contracted “sharply” last summer, but should improve modestly in 2017, city economist John Rose says.
In an update released Tuesday, Rose found that Edmonton’s 2016 gross domestic product and unemployment rate were worse in the third quarter of the year than he forecast last spring.

Construction and manufacturing were particularly weak.

Activity in these areas stabilized over the last two months and the rest of the economy is slowly growing, so the situation should improve modestly, Rose wrote. Read More Here.

-------------------------------

Edmonton real estate market burdened by job losses, stunted growth

'A weaker labour market, slower migration and reduced consumer confidence are tempering demand'

CBC News, Oct 26, 2016

Demand for new homes in Edmonton has "tempered" in light of a weaker market and reduced consumer confidence, according to new reports from the Canada Mortgage and Housing Corporation (CMHC).

According to the CMHC Housing Market Outlook and Housing Market Assessment released Wednesday, housing starts have slowed as stunted income growth, job losses and slowing population growth put a chill on the local market. Grab this story

-------------------------------

ANALYSIS: Why Calgary's and Edmonton's job markets are so different
Calgary's unemployment rate is going up, Edmonton's rate is going down. What gives?


By Tracy Johnson, CBC News, Nov 08, 2016

A curious thing is happening in Alberta's job market: While the province as a whole is suffering, with an unemployment rate of 8.5 per cent, Calgary and Edmonton are seeing their fortunes diverge, with Calgary taking the brunt of the downturn.

Two years ago, the two cities had similar unemployment rates of roughly five per cent. Last month, Calgary's rate hit 10.2 per cent, a multi-decade high, while Edmonton is sitting pretty (relatively speaking), with a jobless rate of 6.9 per cent — just below the national average. Read more 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.


“Leadership is not about the next election, it's about the next generation.” - Simon Sinek

Wednesday, November 09, 2016

Trump might be good for Canada

"Trump had expressed unqualified support for importing Canadian energy in general, and the Keystone XL pipeline in particular. Clinton, on the other hand, once a staunch Keystone backer, had chosen to flip and turn against it, as a way to appease the most left-wing Democrats. Canadians, and struggling Albertans especially, can renew their hopes that we might soon be sending up to a million more barrels of our oil every day to American refineries.

Just as importantly for Canada’s exporters, Trump has promised to slash U.S. federal corporate income taxes — those combined top marginal corporate rates are currently some of the highest in the world — from 35 per cent to 15 per cent. Eager to lure home the US$2.4 trillion of American corporate profits sitting idle offshore, Trump has shrewdly promised a one-time, low tax rate of 10 per cent that, if enacted, will encourage major corporations to repatriate their cash and reinvest it back in the U.S., a massive private stimulus program that will do much to spur demand for Canadian exports." Kevin Libin Financial Post Read more here


And don't forget the beleaguered Keystone XL 

Tuesday, November 01, 2016

Happy All Saints Day

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

November 1st., 2016
Volume 21, Issue 8

Dear Friends and Partners,


I write our newsletters a few days early in the hopes to have them out to you in time. Thus, we’re a few days before Halloween and I thought I’d repost some scary house stories.

10 Horrifyingly True Real Estate Stories from Curbed Readers,
Michelle Goldchain, originally published January 7, 2015.

"Last Halloween, we published three horrifyingly true stories from real estate agents. Despite raccoon carcasses and a naked woman, many of our readers found the stories to not be horrifying enough. Because of this, many decided to supply their own stories, definitely one-upping the ones we had. We compiled the 10 best stories from our readers, unedited and untampered with. We're unsure of just how "true" these stories are, but if you're looking for spooky stories to read at night, then these should help keep you up. If you think you can one-up these stories as well, feel free to add your own experiences in the comments. Read them all here …"

If those aren't scary enough try these:

22 Shiver-inducing stories behind America's most haunted houses HERE
True Canadian Ghost Stories HERE


Bonnie Doon Bungalow Conversion: 4-Unit, Reno-deal. Cash-flow central

Turbo charge your portfolio. This is currently a Side by Side that can be turned into a 4-Unit. * These are pre-renovation pictures *

Price includes interior, exterior renovation and landscaping costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1978 German built, well maintained.

Terrific access to local amenities in mature Bonnie Doon. As part of renovation package; all new appliances, shingles, flooring and suite upgrades. This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! Renovations always present as a 10/10 on quality and style. This is a turn-key deal. Excellent access to U.O.A and downtown and in the highly rentable and desirable neighbourhood of Bonnie Doon.

Comes complete with great tenants making this a totally turn-key property for you. Bonnie Doon is a sought after mature neighbourhood that is convenient for tenants working downtown and 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 desirable growing core.

Purchase price: $680,000
Total Investment: $160,000
Your Estimated 5 Year Profit: $108,076
Your pre-tax Total ROI is 67.5% or 13.5% 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!

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

Gary Lamphier: RMS Builders still among Canada’s fastest growing companies

By Gary Lamphier Edmonton Journal, October 28th., 2016

A year ago, RMS Builders joined a star-studded cast of promising junior firms when it was named the fastest-growing builder and the second fastest growing company in Canada.

The honour was bestowed on the low-profile, Edmonton-based general contractor and real estate developer by Canadian Business magazine in its annual Profit 500 rankings.

RMS earned the spotlight by generating 2014 revenues of more than $30 million, up an eye-popping 15,000 per cent over the previous five-year period. RMS has built its business one small step at a time, on bread-and-butter projects such as suburban hotels and car dealerships.

FOLLOW THIS ARTICLE

===============
  
Gary Lamphier: Tepid economic growth to slow even further, says Bank of Canada

By Gary Lamphier, Edmonton Journal, October 19th, 2016

Although he’s more folksy and plain spoken than his predecessor, Bank of Canada governor Stephen Poloz doesn’t exactly peel the paint off the walls when describing the feeble state of the economy.

Like any central banker, Poloz speaks in code, doling out highly nuanced, carefully worded tidbits on manufacturing, housing, exports, investment and other key aspects of Canada’s $2-trillion economy.

But no matter how opaque his language, it’s hard to miss the central point of the Bank of Canada’s latest monetary policy report, delivered by Poloz Wednesday in Ottawa: Canada’s economy sucks. In fact, it sucks even more than he thought just a few months ago. GRAB THIS STORY

————————

Opinion: Time for Alberta to invest in a new kind of energy workforce

By Kerry Oxford, Edmonton Journal, October 28th, 2016


As a mechanical engineering technologist who’s been stuck in the boom-and-bust cycles of oil and gas, I’ve come to realize that it’s time for a change. We need to create a more stable and diversified future.

My work experience has taught me that much of what the industry has been doing is both short-sighted and unnecessary. Albertans and other Canadians affected by the latest commodity bust deserve a more stable economy — and that’s within our reach.

I was born in England but have lived in Calgary most of my life. When I was laid off from my welding job in 2009, I went back to school and got a diploma in engineering technology. When I was laid off again in 2015, I decided I would rather work for myself than be reliant on the volatile fossil fuel industry.  READ 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.

“Don’t watch the clock. Do what it does and keep going!” 
-Sam Levenson