Tuesday, April 14, 2015

Wealth Creation

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

April 14th., 2015
Volume 18, Issue 7

Dear Friends and Partners,

From time to time I post a thought from Steve Chandler’s Wealth Warrior group that I belong to.

Here is another about collaboration with your partners and yourself;

"If you're doing business with partners, you'll want to meet often on the central issue of wealth creation. Most people never meet on that subject. They meet about problems. Soon they become a group of problem-analyzers, instead of a group of wealth-creators.

Have this be the subject of a meeting:  

How does this adventure of ours expand, succeed, and get more creative? 

 And if you are in business alone, as so many people are today, don't forget your meetings!  Meet with yourself for the very same objectives that a team would meet for. Let your conscious mind and your subconscious mind get to know each other. Let the left side of the brain shake hands with the right. Harmonious convergence leads to wealth."  Sign up for his newsletter here

West Edmonton: Jasper Park Legal 4-Unit Cash-flow 


Turbo charge your portfolio. This legal 4-unit, 1962 built, RA-7 zoned property is located directly across from school and park in Jasper Park. Near Telus World of Science, Edmonton Zoo, NAIT, Hospital and fast access to downtown and on either the Yellowhead or Whitemud. This property has front entrances to the 4 X1 BD and a parking pad for six cars.

This property was purpose built and is in good condition. It is rare to find a legal 4-pled for this price. Investment capital includes $15K budget slated for further renovations to modernize and improve value and rent-ability. All suites have own laundry. This is a turn-key deal. Excellent access to downtown, transit and parks.

This property comes complete with great tenants making this a totally turn-key property for you. Jasper Place is a mature area that is a desirable for tenants working in the city or attending NAITS west-side campus. HUGE upside potential due to the RA-7 zoning 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: $449,000
Total Investment: $108,500
Your Estimated 5 Year Profit $60,697
Your pre-tax Total ROI is 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!


There might be light at the bottom of the barrel

By Myke Thomas, Calgary Sun, April 4th, 2015

 Here’s what you do know: The low price of oil has taken Alberta’s roller-coaster economy on a downward spiral.
What you may not know is how did we get here and what happens going forward.

For some answers, here’s Todd Hirsch, chief economist at ATB Financial.

“The story of how we got here has been told repeatedly,” says Hirsch.

“The problem in 2014 and 2015 has been far too much global supply. OPEC has just finally said, ‘We’re not going to be the guardians of high prices anymore, we are no longer going to curtail our production in an attempt to keep oil prices high. We’re just going to turn on the spigots and produce as much as we can,’ and that of course has resulted in a global glut of oil accompanied with some weak demand globally.”  FOLLOW THIS ARTICLE


The biggest threat to our economy is fear

By Myke Thomas, The Calgary Sun, March 28th, 2015

Do not feed the fears — that was the bottom line message on Alberta’s economy, delivered by ATB economist Todd Hirsch to a gathering of residential construction executives last week.
“I think that when we’re dealing with an economy that’s moving into a rough patch, sometimes we are in danger of falling into this ‘already-living-in-a-recession mentality’ when a recession isn’t even a foregone conclusion,” said Hirsch.

“Some of us are already living in the worst of times, the worst-case scenarios that can possibly happen and very quickly that builds into our mentality and does nothing positive in terms of moving the economy forward.”  READ MORE HERE


Westjet Airlines says passenger demeaned growing despite Alberta’s sluggish economy

By Ross Marowits, Financial Post, April 6th, 2015

WestJet Airlines said Monday passenger demand keeps growing even as concerns mount about the impact on the Calgary-based carrier due to a sluggish Alberta economy following the recent collapse in oil prices. 
The airline said passenger traffic increased 1.5% in March from a year ago, as a record 1.7 million people flew on the Calgary-based airline and its regional subsidiary WestJet Encore.

However, WestJet’s capacity grew 4.8%, causing its load factor — or the amount of seats that are used — to fall by 2.7 points to 81.3%, from 84% in March 2014.   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.

“Whenever you find yourself on the side of majority, it is time to pause and reflect."  - Mark Twain

Warm Regards,

Todd and Danielle Millar

Tuesday, April 07, 2015

Are you earning enough to buy a house?

Here is an interactive map of the price of housing across Canada. You can click on the cities and see how much the average house is and what you would need to earn to purchase it.

Highest West Van - $1.7 million purchase price and  $320,000 income
Lowest Trois Rivieres - $160, 064 and $39,379 income

With a spread like this you can see why it's hard to generalize about the "Canadian Housing Market".

Take a look HERE