Tuesday, September 17, 2013

Life in E Town

Look at Living in Canada’s handy, updated website where you can review cities across Canada. You’ll find pros/cons, salaries and lifestyle information.

Check out Edmonton HERE

Monday, September 16, 2013

Fall into Autumn

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

September 16th., 2013
Volume 15, Issue 4

Dear Friends and Partners,

Sunday I woke up to the familiar sound of big, gusty, fall winds. It was refreshing. The funny thing was that the wind was warm, not cool like it usually is this season. Outside is warm and sunny, the temperature in the high 20's.

I look down the road and the grasses are all mown short and remain various shades of green; the vibrant dark green of a well fertilized early summer lawn to the lighter, softer colours of a suntanned late summer pitch. What I found interesting was that the leaves were changing beginning to crumple up and tumble down the street. Despite our summer weather, fall is almost here.

During this short season (here in Edmonton that is) we find it an excellent time to clean up and prep properties for the winter freeze and more importantly, the spring thaw. Cleaning gutters, adjusting downspouts, sealing and coating exterior/interior walls, repairing windows, roofs, chimneys and the like. You can find detailed lists of fall prep online.

Also with this time of year we contemplate the internal, mental prep needed to march into Q3. This is a great time to review your yearly goals, make sure you are on track to finish strong and adjust were needed.

= We’ll be closed between 9/16-10/8. Your newsletter will resume 10/15. Enjoy the autumn weather! =

South West Edmonton: 4-Unit Cashflow Property in Allendale

Turbo charge your portfolio. This side by side duplex with in-law suites is well located near UOA. Upgraded 2006 this property has front entrances for upper suites and back entrances to lower suites. Upper 2BD units have been upgraded as well as the two lower 2 BD suites with new laminate, kitchens and bathrooms. You'll find a double detached garage, adding extra income. Spacious upper units shine with original hardwood, new fixtures and paint. Excellent location near the UOA in the mature area of Allendale. A short walk to neighbourhood park, Whyte Ave, hospital and UOA. Fast access to bus routes and Whitemud Drive.

Comes complete with great tenants making this a totally turn-key property for you. Convenient south west west central area with easy access to transit and downtown. Inglewood is an established, sought after neighbourhood. Highly rentable; solid value and increasing rents. 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: $625K
Total Investment: $145,305K
Your Estimated 5 Year Profit: $81,994.20K
Your pre-tax Total ROI: 56% or 11% 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 paycheques third largest in Canada

By Andrea Sands, Edmonton Journal, September 12th, 2013

EDMONTON - New statistics on Canada’s income levels and housing show Edmonton’s economy is one of the most successful and dynamic in the country, says the city’s chief economist.

That doesn’t mean, however, that some people aren’t left behind, John Rose said. A small number of Edmontonians earning extraordinarily high incomes can skew income numbers upward, “so I’m a little nervous about income-distribution issues,” he said.  FOLLOW THIS ARTICLE


'Dutch disease' Build Healtheir Economy, Economist says

By Laura Payton, CBC News, September 5th 2013

The concept behind "Dutch disease" — the idea that a resource boom is bad for the manufacturing sector — is entirely wrong, economist Stephen Gordon argues in a new report.
Federal politicians have argued over Dutch disease as part of the debate surrounding Canada's oilsands and whether development should be slowed.

The argument says that a resource boom — like the one seen in the oilsands — drives up the value of the currency, making exports more expensive for customers outside of Canada and costing manufacturers some of their business. GRAB THIS STORY


Laphier: No need to listen to Neil Young's take on the Oilsands

By Gary Lamphier, Edmonton Journal, September 11th, 2013

EDMONTON - "As a serious-minded newspaper columnist, I woke up Wednesday with one pressing question on my mind: What does Neil Young think?
I was desperate to hear his views on just about anything - twerking, Miley Cyrus's new video, the situation in Syria, Stephen Harper's hair, Anthony Weiner's sexting habits, the Eskimos' struggling offensive line, you name it.
I need to know, because clearly, what the 67-year-old rocker and anti-oilsands activist thinks about the big issues of the day is of vital importance to the mainstream media.
Why, just yesterday the Toronto-born music icon and green crusader was prominently featured in most major newspapers (including this one) after comparing Fort McMurray toHiroshima, the Japanese city that was obliterated by a U.S. atomic bomb on Aug. 6, 1945.

At first I thought it was a ridiculous, wholly inappropriate analogy from a guy who knows little about the energy industry. Fort McMurray is like Hiroshima? Really? That seemed utterly absurd, not to mention an insult to the memories of the thousands who died that terrible day." READ MORE HERE

= We’ll be closed between 9/16-10/8. Your newsletter will resume 10/15. Enjoy the autumn weather =

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.

"In order to succeed your desire for success should be greater than your fear of failure."  –Bill Cosby

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  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.

Thursday, September 05, 2013

September This and That

New mortality study highlights risks of increasing life expectancy

TORONTO, Aug. 6, 2013 /CNW/ - "It's official -- not only are Canadians getting older, we're also living longer. Last week, the Canadian Institute of Actuaries (CIA) released a draft set of updated mortality tables, used by actuaries to measure pension plan liabilities, or the amount of money needed to pay current and future pensioners. According to the study results, which are based on a review of recent pensioner mortality rates and future life expectancy improvements anticipated by the study's authors, the life expectancy of a 60 year old male today has increased by 2.9 years (from 24.4 to 27.3 years) compared to pension mortality tables currently in use. The life expectancy of a 60 year old female has increased by 2.7 years (from 26.7 years to 29.4 years)."

The good news: Canadians are living longer.
The bad news: they don't have enough money to do so. 

Well that is unless they start saving more now, putting their cash into income generating investments and pair down their spending - all doable depending upon your age.  When you look at the numbers it shows we need to SAVE MORE and SPEND LESS.

Harper Briefing Note Plays Down Low Interest Rate Dangers

OTTAWA - "The prime minister's advisers have dismissed a warning by a respected think tank that ultra-low interest rates need to start rising now to avoid damage to the Canadian economy.

In a paper for the C.D. Howe Institute, economist Paul Masson argued in May that the Bank of Canada should nudge rates higher to forestall real-estate bubbles, excessive household debt, pension-fund woes and other dangers.

But a May 31 briefing note requested by Stephen Harper's office on the controversial paper notes that Masson's arguments are "at odds" with the views of most economists.

I'm particularly interested in this article about low interest rates. Though I'm more concerned about people not paying down debt during times of low interest rates.

Prime Minister Harper may be able to lead the horse to water, but in these 'handholding' times when most folks struggle to be accountable for the pickle they got themselves into, you can't make that horse drink the water.

Scroll down to the slide show that shows debt by province and then by country - that's the real gem in this article.

And what everyone's talking about

Peter Sagan wins prologue of Tour of Alberta -   EDMONTON -- Pre-race favourite Peter Sagan made a little bit of history Tuesday night when he became the first man to wear the yellow jersey in the inaugural stage of the Tour of Alberta cycling race.

The Cannondale team rider took a commanding 13-second lead over his nearest competitor in the opening 7.3-kilometre time trial. Victoria's Ryder Hesjedal sits in 10th, 30 seconds back of Sagan.

"I was trying to do well here," said Sagan, a 23-year-old Slovak rider. "It's the first stage and it's important. I felt very very good."

Tuesday, September 03, 2013

Next Stop Iceland

Flights to Iceland will start departing from Edmonton International Airport next March, city and airport officials announced on Tuesday.

Icelandair will operate the non-stop flights on Mondays, Wednesdays, Fridays and Saturdays.

Helgi Már Björnvinsson, senior vice-president of marketing and sales, says Icelandair believes that Edmonton is going to be a great market for flights in and out of Iceland.

“We believe that a lot of the people in this area are going to use our service to go to Europe," he said. "We fly to over 25 different destinations in Europe.” The airline also announced on Tuesday that is launching a new route between Reykjavik and Vancouver.

The six-hour, 20 minute flight will leave Edmonton at 6:30 p.m. and arrive in Iceland at 6:50 the next morning. People can also connect with flights to Europe from Reykjavik.

Return flights will leave Iceland at 4:45 p.m. and arrive in Edmonton at 5:30 p.m.

The Edmonton service launches on March 26, 2014.

Yeah Iceland Air!

This is fantastic; fly from Edmonton direct to Iceland and then onward to Europe. I love this for business travel and expansion. This link will open up a new, faster route for Albertans flying out for leisure travel as well as Europeans flying in for tourism, plus business. I'm certainly going to use it instead of the tedious layovers we suffer through now to get to Europe.