Monday, July 30, 2012

It's all about Balance.

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:

August 1st., 2012
Volume 13, Issue 1

Dear Friends and Partners,

Listening to B.C. Premier Clarke and AB Premier Redford in the media recently, has been interesting. It's a careful dance to watch as the Premiers use just enough posturing, strategy and manipulation to coax agreement out of one another.

I'm often reminded of how we sit in a balance. Ontario and several areas of eastern Canada have really entered into rough economical patches. In the west we are (at least currently) set up for growth - but like everything we sit in a balance, often dependent on external sources and relationships to propel us forward.

Every property I buy, I do so with caution and anticipation. Granted here in Alberta, and to a lesser degree B.C. and Saskatchewan, we are well situated and blessed with a bounty of natural resources; and we need a market for them. We need to be cognizant of events in the USA, Europe just as well as our provincial neighbours and of how events can play out, affecting us both in the positive and negative; remember those 'unintended consequences'?

Buying for the long term, focusing on cash flow and preparing your portfolio for rate and expense increases is solid advice and a strategy for weathering storms. There is opportunity in every market, especially this one.


Transitional Area - North Central Edmonton:
4-Suite Cashflow Property in Killarney

*This isn't one of my target areas but it offers value to turbo charge your portfolio.*

Upgraded 1960 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1900 sqft, 2 bedroom suites per side with upgraded windows, appliances and some laminate. The lower units each have a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a shared, fenced area, and a 3 car detached garage with automatic door and opener, bring in additional revenue. Some upgrades include new windows and paint. 15 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 property.

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. Kensington is an 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 $668.15 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $598K Total Investment: $136,756K. Your Estimated 5 Year Profit $84,230.45K. Your pre-tax Total ROI is 62% or 12.4% per year + $668.15 Cash Flow Every Month

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!

Booming Edmonton Spurs New Wave Of Shopping Developments
By Bill Mah, Edmonton Journal, July 20th 2012

EDMONTON - Edmonton may already boast North America’s largest mall and one of its biggest power centres, but a new wave of shopping developments is springing up across the region.
Tightening vacancy in Edmonton’s retail market, a strong economy, growing population and an influx of new retailers are spurring the building boom.

Over 3.2 million square feet of development is being added to Edmonton’s commercial footprint over the next year, said Colliers International in its first-quarter retail market report.

Vacancy in the retail market has plummeted to 2.4 per cent, a historic low, it said. GRAB THIS STORY


Hotel Called Cornerstone Of Edmonton's Inner City Revival

By Bill Mah, Edmonton Journal, July 16th 2012

EDMONTON - On a dusty lot, across the street from a minimum-security correctional facility, derelict buildings and a former peep show, developer Prem Singhmar broke ground Friday for an upscale $45-million hotel.
The hotel is the first to be built in central Edmonton in decades, but more importantly, supporters call it a catalyst project for the long-awaited Quarters redevelopment of the inner-city area east of downtown.

“It’s taken a long time to come up with a project that is worthy of developing in this neighbourhood,” Mayor Stephen Mandel said.

He called it a cornerstone project that will spur development in the area. Already, the city is working with the arts community to build an artists habitat nearby and with the Chinese community on other projects, he said.

“We’re lucky to have special people in our community like Prem Singhmar, who have a great vision for what things can be, rather than what they aren’t.” READ MORE HERE


Edmonton Firms Head To Seattle Seeking Trained Workers To Fill
Manpower Gaps
By Bill Mah, Edmonton Journal, July 4th 2012

EDMONTON - A newly launched campaign to recruit skilled workers from the United States by industry and the Edmonton Economic Development Corp. (EEDC) got a publicity boost from a major American news outlet Wednesday.

But the online report on also had officials at the city’s economic booster agency scratching their heads.

The Fox program reported EEDC was wooing U.S. military veterans and active-duty soldiers across the border to fill as many as 114,000 skilled-labour jobs including working on Canada’s section of the Keystone XL pipeline — a project which isn’t scheduled to start any time soon since Keystone has not been approved in the United States. FOLLOW THIS ARTICLE

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.

"Failure teaches success"
-Japanese proverb

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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.


Anonymous said...

I've followed your blog for years. You guys have a very clear message and sound advice. I am in the industry (lending) and often use your website as a reference, especially for my customers that are newbee investors. Thank you.

Don Lohnvony

Alberta Oil Sands Investor Abroad said...

Thank you for your comment!