Monday, April 02, 2012

What they won't tell you will hurt you

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 email:

April 2nd., 2012
Volume 12, Issue 3

Dear Friends and Partners,

What 'they' won't tell you will hurt you. If that 'they' is the knowledgeable people you love, in your center of influence. Otherwise, you don't need to hear it.

Do you notice that whenever you read blogs or articles where people can comment that 99% of the time (if the article gets any form of traffic that is) that the comments quickly turn into a ridiculous (blame based) argument? The story might be about how baby Vicky received a heart transplant and there is some joker with an off-the-wall negative comment to share that incites a flash-mob of angry readers (or perusers, more accurately) to battle.

Some articles are worth challenging and others not worth commenting on. What's more disgusting than the downward diatribe is the fact that I allow myself (albeit rarely) to get sucked in! Usually I skip the comments altogether, but sometimes I get suckered and reluctantly give up 5-10 minutes like a wad of bills to a belligerent panhandler. Now I'm not encouraging you to prove me right and go and read a bunch of crappy, negative comments on the web - but to stop and think about who and what, values to you.

Your Aunt Martha might have a ton of sage advice when it comes to being a single, employed Mom, and rearing kind, generous children; but she might not know a thing about using a HELOC to make improvements in your kitchen and bathroom before you list your home to sell. My point being? Take some (not all) the advice you need from the experts in your life or the experts in the greater circle around you (books, speakers, teachers, etc.) and use it.

Listen to LESS, or better yet NONE, of the noise from 'unqualified' people around you. Making this one shift in your day will reap benefits of time and positive energy that if used well, will earn dividends in the areas you need it most.

South West Edmonton: Cashflowing Two-Suiter in Queen Alexandra

Turbo charge your portfolio. Upgraded 1960 built legal 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1200 sqft upper 3 bedroom unit with beautiful oak floors, plus a spacious 3 bedroom 1000 sqft. suite down. The upper suite has new dishwasher, ceramic bathroom and fresh paint. There is a common laundry room in basement too. The lower unit has new laminate, carpet, some newer windows. The home has 2 furnaces and 2 electric meters. There is a shared fenced yard and a 2 car detached garage with automatic door and opener, bringing in additional revenue. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Established neighborhood featuring strong rental base; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown area.

Produces $261.61 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $335K Total Investment: $79,467K. Your Estimated 5 Year Profit $41,158K. Your pre-tax Total ROI is 52% or 10.4% per year + $261.61 Cash Flow

Poised for massive growth. These 2 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 Booming Again: RBC

GDP Up 4.7% Last Year, And Momentum Likely To Last

By Mario Toneguzzi, Calgary Herald March 21, 2012

Alberta's economy underwent a remarkable expansion last year, with real GDP growth estimated at 4.2 per cent, "flashing unmistakable signs" that the provincial economy is booming once again, says RBC Economics.

In its latest provincial outlook report released Tuesday, RBC says the momentum is expected to continue. It forecasts real GDP growth of 3.9 per cent in both 2012 and 2013.

"Alberta's economy is firing on all cylinders, with real GDP growth in 2011 climbing above the four-per-cent mark, the highest it's been since 2006. We anticipate that this pace will be largely sustained over the next few years," Craig Wright, senior vice-president and chief economist for RBC, said in a statement.


Oil Sands Sector Could Reap Big Benefits In Alberta Election

By Claudia Cattenco, Financial Post, March 23rd, 2012

A heated provincial election is in the air in Alberta, two strong women are fighting for the top job and the oil industry and its sugar daddies are being courted for financial and political support.

It’s a sharp U-turn from the days of former premier Ed Stelmach, who picked an acrimonious fight with the sector to squeeze a greater share of its revenue through higher royalties.

But the oil love fest was in full display this week, as Alison Redford, the new Tory Premier of Alberta, made a strategic stop in Calgary before an audience of 600 senior oil and gas industry leaders where she vowed to “stand up for your interests” and not “let you down.”

Ms. Redford, who replaced Mr. Stelmach in a leadership contest last fall, is expected to call the election as soon as Monday, paving the way for an April 23 vote.

“I know you will surpass our expectations,” Ms. Redford gushed at the glittering event organized by the Canadian Association of Petroleum Producers to recognize industry initiatives that improve environmental, social, health and safety performance.

“As an industry, we thank you for putting your best foot forward.”

Edmonton's PCL Aims For Record $7.3B in Billings

By Gary Lamphier, Edmonton Journal. March 21, 2012
EDMONTON — When Paul Douglas took over the top job at PCL Construction in 2009, the global economy was just starting to recover from the deepest slump since the 1930s.

But since the construction sector often continues to languish long after an economic rebound takes hold, Douglas knew that PCL’s troubles were just beginning.

Indeed, after years of spectacular growth, the Edmonton-based construction giant — Canada’s largest builder — was heading straight into a brick wall.

The collision came in 2010, when PCL’s billings (project revenues) shrank by 19 per cent and its profits fell by more than 35 per cent, compared to the previous year.

Meanwhile, PCL’s backlog of new work, which had soared in the years leading up to the 2008-2009 recession, was stalled at $5.3 billion, 25 per cent below the 2007 record high of $7.1 billion.

For Douglas, who was carefully groomed for the top job at PCL after more than 20 years in management, year one in the corner office proved to be a bit of a cold shower.



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.

"When prosperity comes, do not use all of it." -Confucius

Warm Regards,

Todd and Danielle Millar


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.

P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.


Alain Saffel said...

I agree with your comments about comments. So often, especially on major media sites, the comments are a lot of garbage.

Niche news sites usually have much better comments where you can actually learn something from them.

Even these niche news sites you have to take the comments with a grain of salt because you just never know what the agenda of the commenter is (if there even is one).

Alberta Oil Sands Investor Abroad said...

Thanks for your comment Alain. Comments are usually good for a chuckle and then perhaps in 10% thoughtful rumination.