Friday, November 01, 2013

Winds of Change

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:

November 1st., 2013
Volume 15, Issue 6

Dear Friends and Partners,

Fall winds of change are blowing good things our way. October proved to be a busy month with the Mayoral election, new city councillors and a green light for $13.5B Shell & Total Energy project in Fort Hills.

With the vacancy rate hovering around 1% and a surplus of approximately 12,000 jobs for hire, coupled with an unemployment rate of 4.5%, things are starting to ramp up in Edmonton area. Of course a strong headwind may blow us of course, but for now things are looking good.

 North East Edmonton: 4-Unit Cashflow Property in Baldwin

Turbo charge your portfolio. This legal-4plex is located in the mature and transitional area of Baldwin. Upgraded in 2000 this 1964 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry.

There are 3 X 2 BD and 1 X 1BD.  Boiler was replaced 8 years ago. Suites are in good condition, but will require modernizing by our reno team. This property has been rented to longterm, senior citizen tenants.
You'll find a double detached garage, adding extra income. Spacious upper units have original hardwood, some upgraded fixtures and paint. Good access to Belvedere LRT, Fort Road and downtown. Fast access to bus routes and Saskatchewan Drive.

Comes complete with great tenants making this a totally turn-key property for you. Convenient north east area with easy access to transit and downtown. Baldwin is a mature/transitional area. Highly rent-able; 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: $640K
Total Investment: $148,418K
Your Estimated 5 Year Profit: $82,026.58K
Your pre-tax Total ROI: 55% 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!


Alberta economy at the top of the pack: BMO Report

By Michael Franklin, CTV Calgary, October 30th, 2013

According to a report from BMO Economics, Alberta’s economy is still the best among all the other provinces in the country despite suffering a hit during June’s flooding.
Robert Kavcic, a senior economist with BMO Capital Markets, says that Alberta’s real GDP will expand by 2.5 percent this year and 3.3 percent in 2014.

Kavcic admits that the initial impact of the flood was clearly negative, the subsequent repair and rebuilding activity is expected to turn things around.

“The Province estimates that repair and rebuilding activity will add 0.2 percentage points to real GDP growth in 2013," said Kavcic.

Job growth is also remaining strong in Alberta, with projected growth of 3.6 percent year over year in August.

"Alberta again leads the country by a healthy margin in job growth; the private sector has more than offset a 1 per cent year-over-year drop in public-sector employment," said Mr. Kavcic. "The labour market remains relatively tight with the jobless rate holding below 5 per cent - the second lowest in Canada. Alberta continues to draw steady inward migration flows from other provinces." FOLLOW THIS ARTICLE


Alberta and Saskatchewan Workers looking at Biggest Pay Raises in 2014: Report

By Bill Graveland, The Canadian Press, October 22nd, 2013

CALGARY – A report from the Conference Board of Canada suggests it’s better to be a rig pig on the Prairies than a health-care worker in Ontario from a labour perspective.

The board’s forecast released Tuesday says workers in Alberta and Saskatchewan will fare the best in wage increases next year largely due to a shortage of qualified employees in the energy sector.

“The divide between East and West persists. Frenzied resource development and near-bottom unemployment rates mean that Alberta and Saskatchewan are again expecting to offer the highest pay increases next year,” said Ian Cullwick, vice-president of leadership and human resources research.

The report projects average increases of 3.7 per cent in Alberta and Saskatchewan. The lowest average increases are expected in the Atlantic provinces at 2.5 per cent and Ontario at 2.6 per cent.

The Canadian average for non-unionized workers is anticipated at 2.9 per cent in 2014.

The information is based on the responses of 411 employers across the country to a survey conducted between June and August.  GRAB THIS STORY

Shell joins energy rush, green lights new Alberta oil sands project

By Jeffrey Jones, The Globe and Mail, October 31st, 2013

Royal Dutch Shell PLC has given the green light to a new steam-driven oil sands project, putting the Anglo-Dutch oil major among a handful of companies announcing big northern Alberta energy developments in the last day.
Shell said it is going ahead with the 80,000 barrel a day Carmon Creek project in the Peace River area of Alberta. It did not give a price tag for the project in a news release on Thursday, though a spokesman said it will be in the billions, rather than millions, of dollars.   READ MORE HERE


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.

"Coming together is a beginning; keeping together is progress; working together is success."  –Henry Ford

Warm Regards,

Todd and Danielle Millar


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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