Monday, October 15, 2012

Some Like It Hot

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:

October 15th., 2012
Volume 13, Issue 4

Dear Friends and Partners,

Although we've seen house prices stay relatively strong this year in Edmonton, when the cold weather sets in prices tend to lag. It is a strange phenomenon of colder climes; would be home buyers don't like to traipse through snow to find homes (investors do though ;)

How well they perform or how poorly depends on the property type (condo, bungalow, bilevel, etc.), condition and location of property. For example we've seen suited homes in desirable South East neighbourhoods selling in under 4 weeks. But townhouses in similar areas taking 3 months or longer.

So the good news? It's a great time to buy the right (townhouse) property in the right area for you.

The downside? If you are trying to sell your townhouse or a property that needs a little love, get renovations done in the kitchen and bathrooms, market heavily and stage it. You need to be head and shoulders above what the other sellers are doing in your market.

Alternatively, with the tighter rental market we're experiencing it may be an idea to rent over the winter, do renovations and list in a warmer month when sellers are more active.

Renovation Special - South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon

Here's a renovation special that offers value and will turbo charge your portfolio. We've added all costs to renovate and calculated post-reno projections - currently renovations have not been started. Soon to be: Upgraded 1971 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1100 sqft, 3 bedroom suites per side with some upgraded windows, appliances and new laminate. The lower units each have a 2 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a divided, shared, fenced area, and there is a double detached garage with automatic door and opener, bringing additional revenue. Some upgrades include new windows and paint. 10 minutes to U.O.A., 5 Mins to Whyte Ave. and Downtown. Fast access to the Yellowhead and Whitemud via Wayne Gretzky Drive, on bus routes. These pictures are pre-renovation.

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 $485.57 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.

Purchase price: $600K Total Investment: $139,479 K. Your Estimated 5 Year Profit $83,680. Your pre-tax Total ROI is 60% or 10% per year + $485.57 Cash Flow

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 Gains 6000 Jobs As Unemployment Rate Holds Steady - Statistics Canada

By Edmonton Journal, October 5th 2012

EDMONTON - The Edmonton region continued to churn out jobs in September, according to Statistics Canada figures released Friday.

The Edmonton census metropolitan area gained 6,000 jobs in September from the previous month and saw its unemployment rate hold steady at 4.5 per cent, the agency said. Its labour force also grew by 6,000.

The same region also generated 23,800 jobs in the 12 months since September 2011, or a 3.5-per-cent year-over-year increase.

Edmonton had the second-lowest jobless rate among major cities, behind only Regina at four per per cent. Calgary’s 4.7 per cent was third lowest. The Calgary CMA saw employment drop by 1,700 or 0.2 per cent from the previous month but it was up 15,400 jobs or 2.1 per cent year-over-year. Alberta had the country’s lowest unemployment rate at 4.4 per cent, a rate unchanged from August.  GRAB THIS STORY


University of Alberta Beats Edmonton Oilers 135-1: Report
Economic impact of institution on provincial economy pegged at $12.3B

By Dan Barnes and Dave Cooper, Edmonton Journal, October 12th 2012

EDMONTON  - A report by two professors from the Alberta School of Business claims the University of Alberta has an annual economic impact of about $12.3 billion on the provincial economy, an amount they say is 135 times higher than that of the Edmonton Oilers.
“We essentially took the economic impact of the university divided by the revenue of the Oilers in 2009. And so it’s basically that,” said Dr. Anthony Briggs, who co-authored the report with Dr. Jennifer Jennings. “The Oilers’ number is more the fuzzy one because the region doesn’t necessarily see all that revenue, so it’s sort of an ambitious number for the Oilers.”

The study replicates the methods of other Canadian regional impact studies, beginning with the University of British Columbia economic impact study in 2009 and later adopted by Simon Fraser University in 2011 and the University of Ottawa in 2012.  READ MORE HERE


Albertans In Upbeat Mood About Economy
Business Owners and Consumers Have Positive Outlook

By Mario Toneguzzi, Calgary Herald, October 3rd 2012
CALGARY — From business owners to consumers, there is a spring in most people’s steps these days, an upbeat mood about the Alberta economy despite some turbulent economic waters elsewhere in the world.

On Tuesday, a report by BMO Economics said Alberta’s economy continues to outperform amid rising oil production and accelerating inward migration. The report said the province will sit atop the Canadian leaderboard this year, with growth hitting 3.5 per cent before falling back slightly to 2.9 per cent in 2013. In Canada, GDP growth is expected to hit 2.2 per cent this year and 2.0 per cent next year.

“The energy sector remains the key driver of economic activity in the province, with crude bitumen production up 16 per cent year-over-year through the first half of the year, and the Energy Resources Conservation Board expecting  oilsands output to more than double by 2021,” said Robert Kavcic, economist with BMO Capital Markets.

Recent surveys by PwC and the Canadian Federation of Independent Business have painted a rosy mood for Albertans.

There’s no surprise there when you take a look at the latest economic indicators.  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.

"Patience, persistance and perspiration make an unbeatable combination for success."  -Napoleon Hill

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.



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