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
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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
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 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!

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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
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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

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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


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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.

“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!


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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

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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

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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 

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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


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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.

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

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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

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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


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 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 
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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


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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


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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.

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

Warm Regards,

Todd and Danielle Millar