Saturday, January 31, 2015

Waves we must ride

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:

January 31st., 2015
Volume 18, Issue 2

Dear Friends and Partners,

Wringing your hands over low oil prices? Fair enough. The tone of the media is certainly off to a gloomy start for 2015.  It’s looking like we will have a good buyer’s window for Q2/Q3 as oil prices stay down. This is great news for long-term investors as well as those looking to strategically build up their portfolio; not such good news for sellers. You can hear Don Campbell’s take on oil prices here.

In a recent economic update Don Campbell joked about the tongue-in-cheek abbreviation emerging on social media:

 F.W.F.A.Y.S. = Follow Wrong Feed And You're Screwed.

That speaks to the concern of getting bombarded with negative news and following the spiral of depressing messages downward. It’s crucial to remain informed and have a balanced opinion of what is going on.

Personally, I read and listen to people that deliver the facts in as much of an unbiased way as possible. I also tune into stations that ‘report’ more than they ‘spin’ media messages. Still, some days it's tough and you need to unplug and/or get a dose of something positive (Danielle likes Hayhouse) to counter balance.

 Central Edmonton: Inglewood 4-Unit Cashflow

Turbo charge your portfolio. This 1977 built Side X Side Duplex with fully finished basement suites is located a few blocks from the old municipal airport, which is to be redeveloped into an urban living/green space. Inglewood offers easy access to Downtown, Grant MacEwan and Yellowhead Highway as well as many parks and schools to enjoy in this desirable, mature neighbourhood.

This property has front entrances to each side of the 2 X 3BD halves.  This property was built as a duplex and features 2 x 1BD (non-conforming) basement suites. Slated to renovate and modernize to improve value and rent-ability. This will become a turn-key deal. The property has a double car garage and driveway. Excellent access to downtown, transit and parks.

Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a great mature area that is a desirable for tenants working in the city or attending Grant MacEwan. HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.

Purchase price: $679,000
Total Investment: $158,900
Your Estimated 5 Year Profit $96,725
Your Estimated pre-tax Total ROI is 60% or 12% 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!


Simons: In spite of lower oil prices, Edmonton economy still chugging along

By Paula Simons, Edmonton Journal, January 10th., 2015

“The cyclical collapse of oil prices is as predictable as death. We all know we are going to die. The only surprise is when.”

— Former Alberta finance minister Ted Morton in the Globe and Mail.

EDMONTON - Through Edmonton, a cold wind is blowing.
Not the kind Environment Canada predicts. This is the kind of wind chill forecast that gives people the financial shivers.

Oil prices have plummeted to $48 a barrel. The provincial government has changed its budget projections from a $1.5-billion surplus to a $500-million deficit. Oil producers are starting to talk about layoffs.

It’s the most serious fiscal circumstance we’ve seen in a generation in this province,” Jim Prentice said Thursday.   FOLLOW THIS ARTICLE


Alberta cannot just sit and wait for the next oil boom

By Andrew Leach, Globe and Mail, January 23rd, 2015

That Alberta is dependent on its resource sector is hardly news – the province has long relied on both the economic activity and the direct revenue from royalties and land sales to underpin government budgets.

However, to listen to many opining on Alberta’s finances and offering solutions to our fiscal “crisis,” you’d think that Alberta was more dependent on resources than it has ever been – and that’s not at all the case.

Alberta’s government revenue story is best summed up by three words: growing; cyclical and diversification. For that story to continue, however, Alberta is going to have to do a lot more than pray for another oil boom to come along.  GRAB THIS STORY


Will oil’s big drop pop Canada’s housing bubble?

By Megan McArdle, Bloomberg News, January 27th, 2015

If you watch any amount of HGTV — which is to say, if you are a middle-aged married person — then you’ve probably noticed something funny: A lot of the people on shows such as “Property Brothers” seem to have Canadian accents. And you’ve probably noticed something else a bit funny:

Those people are paying a heck of a lot for claustrophobic row houses on so-so streets.  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.

“The way to get started is to quit talking and start doing."  - Walt Disney

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.

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