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
October 15th., 2013
Volume 15, Issue 5
Dear Friends and Partners,
Giving thanks; what a pleasure it is to be able to give.
Now that bellies are full and chins-wagged over the Thanksgiving long weekend (here in Canada), take a moment to read over the news stories we've put together this month. It looks like we have much to be thankful for in Alberta; and truly, most of Canada.
Immigration is up, in-migration is up, unemployment is down and rates are low. Reap the up-cycle as you can.
And Thank YOU for taking the time to read our newsletter, I wish you a fruitful October.
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!
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Calgary and Edmonton will be Canada's economic leaders in near future
Average annual growth of 3.1 per cent forecast for 2014-2017
By Mario Toneguzzi, Calgary Herald, September 27th, 2013
CALGARY — Calgary and Edmonton will be the country’s economic leaders in the next few years, according to the Conference Board of Canada.
In releasing its metropolitan outlook on Friday, the board said both Alberta cities will average annual economic growth of 3.1 per cent during 2014-2017.
The provincial centres will regain top billing in the country after Saskatoon and Regina, who are forecast to lead the nation in economic growth this year of 5.2 per cent and 5.0 per cent, respectively. The board predicts Edmonton will be third in Canada in 2013 at 4.2 per cent followed by Calgary at 3.3 per cent. FOLLOW THIS ARTICLE
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Enbridge planning $1-Billion pipeline to boost oil sands growth
By Carrie Tate, Globe and Mail, October 1st 2013
Enbridge Inc. wants to build a $1-billion pipeline to the oil sands designed to carry diluent – a product needed to facilitate expansion efforts for energy projects in northern Alberta.
The pipeline company on Tuesday said it wants to build a line that would send 200,000 barrels of diluent per day between Edmonton and Fort McMurray.
Diluent is used to thin heavy crude and allow it to flow through pipelines. Without an ample supply of diluents, such as light oil, the energy industry’s plans to expand bitumen production in northern Alberta could be inhibited. GRAB THIS STORY
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Alberta Sees Huge Growth Spurt
International migration also gallops ahead
By James Wood, Calgary Herald, September 27th, 2013
Alberta’s population has roared past four million, with a strong economy attracting newcomers from across Canada and around the world.
Population estimates from Statistics Canada released Thursday put the number of Alberta residents at 4,025,074 as of July 1. That represents a 3.5 per cent year-over-year increase — and the highest rate of growth since the early 1980s.
For the 12 months ending in July, the province gained 52,677 residents from other provinces — nearly double the amount from the same period a year earlier — and 52,551 international immigrants. READ MORE HERE
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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.
"Keep your eyes open to your mercies. The man who forgets to be thankful has fallen asleep in life." –Robert Louis Stevenson
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.
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