Tuesday, March 03, 2015

Rate Debate

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

March 3, 2015
Volume 18, Issue 4

Dear Friends and Partners,

If you want to buy a revenue producing investment property, expand your portfolio, build the foundation for wealth - this is a great time to do it! Edmonton's experiencing a dip in its ever-cyclical real estate market that invites you, begs you, to hunt out the good deals.

If you are buying correctly (refer to our earlier blogs on how to choose an investment property) then you will see opportunity, as well as fear, in the market. What you need to do is have your parameters set tight for a property that meets your investment goal, and pull the trigger.

Are you waiting for rates to go lower?   Don't.
Do listen to what Peter Kinch has to say about that. Watch here

Here is an excerpt from Fast Company about the importance of zagging while others zig:

Disruptive strategies begin with the courage to zag where others zig. 

If your competitors are all starting to turn left, you look right. It is actually not that hard to do. It takes no brilliant foresight. It does not require seeing what others don’t. It simply requires reading the herd. When your competitors all start running in one direction, you just need to ask, "What if I ran in a different direction?”  Read it here

Central Edmonton: Allendale 5-Unit Cashflow 

This 5-unit, 1940 built mixed-use commercial multi family property is located in the heart of Allendale . Near U.O.A., Strathcona School, Hospital and fast access to downtown and the Whitemud this is a terrific location boating many parks in a desirable, mature neighbourhood.
This property has front entrances to the main suites as follows; 1X 3BD, 2X 1BD, 2X Bachelor. This property was built as a dwelling and commercial units (2). It has recently had Safe Housing upgrades as well as interior upgrades. 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: $635K
Total Investment: $139,925K.
Your Estimated 5 Year Profit $76,000K.
Your pre-tax Total ROI is 55% or 11% per year

These 5 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!


Lamphier: Alberta’s woes bring joy elsewhere
But TriWest says investors are moving in

By Gary Lamphier , Edmonton Journal, February 19th, 2015

 EDMONTON - Sometimes, Canada resembles a giant high school. Petty jealousies, parochial squabbling and ugly sniping often trumps any shared national interest.
For years, Alberta has led the nation in economic growth and job creation, generating wealth for the entire country. But too often, Alberta’s success has only stoked envy and resentment elsewhere.

Now that oil prices are down and Alberta’s economy is sputtering, there is barely disguised glee in other parts of Canada.

“Pardon my schadenfreude,” one West Coast newspaper columnist recently sniffed. “No one likes to see the job loss that the plummet in oil prices has caused in Alberta ... But the corrective effect it’s having on our neighbour’s hubris? I admit to my mean spiritedness.”

Workers, still finding jobs in Alberta, labour force numbers show

By David Howell, Edmonton Journal, February 6th, 2015

 Workers are finding jobs in Alberta but the oil and gas industry is taking a hit, January employment numbers show.
Alberta added 13,700 jobs in January, most of them full-time, bringing gains over the past 12 months to 67,000 or 3.0 per cent.

That’s the fastest growth rate among all Canadian provinces, Statistics Canada reported Friday in its monthly labour force survey.

Alberta’s unemployment rate was 4.5 per cent in January, down by 0.2 percentage points from December. Nationally, unemployment decreased slightly to 6.6 per cent.

Edmonton’s unemployment rate was unchanged at 4.8 per cent but the city enjoyed a net gain of about 1,500 jobs, said John Rose, chief economist for the City of Edmonton. GET IT HERE


Edmonton’s fast population growth to slow in 2015, city economist says.
Oil slump doesn’t mean people will stop moving here says, Rose

By David Howell and Andrea Sands , Edmonton Journal, February 11th, 2015

Edmonton has emerged from the latest Statistics Canada population snapshot as the second-fastest-growing city in Canada, behind only Calgary.
But the downturn in the economy means the rapid growth won’t continue into 2015, the city’s chief economist warns.

Between July 1, 2013, and June 30, 2014, the population of the Edmonton census metropolitan area grew 3.3 per cent to 1,328,290, Statistics Canada said Wednesday.

The Edmonton census metropolitan area includes Edmonton, St. Albert, Sherwood Park, Fort Saskatchewan, Leduc, Beaumont, Spruce Grove, Stony Plain, Morinville, Devon, Gibbons, Redwater, Calmar, Thorsby and several other communities.  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.

“Set your goals high and don’t stop until you get there."  - Bo Jackson

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.

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