Monday, November 16, 2015

Wealth Warriors

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 16th., 2015
Volume 19, Issue 8

Dear Friends and Partners,

I belong to Steve Chandler’s Wealth Warrior Group. This is the last year as they’re wrapping it up to focus more on coaching as that is his real passion. Here is a timely thought from Steve Chandler:

"Well, you know, fears are something that we multiply in our mind, and we multiply them so that every fear that everyone has, in their mind they've multiplied by a factor of about 100.  So the fear is so much worse than doing the actual thing would be, and then by not doing it it grows and grows and grows.  And then finally, if for some reason we just have to do it, we're really exhilarated and we almost feel giddy because, my gosh, there's only one way around that.  And that is to find a way to walk toward that fear and deal with it in a way that isn't frightening.  Now, if people will take time, they will be able to come up with a way, a routine, a structure, to deal with any fear they have in grown up life that does not scare them.  But they don't take the time because they're too afraid to even look at the issue. And that occurs over and over and over. "

“If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” - Marcus Aurelius

North West Edmonton: Canora 4-Unit Cashflow 

Turbo charge your portfolio. This bright and open four-unit is listed as a side by side Duplex with condo titles (I interpret that to mean that the lower suites are non-conforming and not legal). 1997 built, located a few blocks from 107th it has good access to local amenities.

Walking distance to schools, transport and close to downtown. This property has separate entrances to each suite; 2 X 3 bd and 2 X 2 bd, single garages, plus pad. This property was well designed for light and spaciousness, it’s in good condition.

This is a turn-key deal. Good access to downtown and in a rent-able, working-class neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Canora is a mature neighbourhood that is desirable for tenants working in the Westend and downtown. 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: $664,000
Total Investment: $153,540
Your Estimated 5 Year Profit $89,900
Your pre-tax Total ROI is 58% or 11.7% 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!

Gary Lamphier: Canadian Western Bank sees growth beyond Alberta

By Gary Lamphier, Edmonton Journal, November 6th, 2015

In a year that has been chock full of lousy economic news, this was an especially depressing week for Alberta.
Long-slumping oil prices slid anew Friday, closing at just $44.29 US a barrel, down nearly five per cent from the previous Friday.

On the employment front, Alberta shed another 11,000 jobs in October, according to Statistics Canada’s latest monthly data, even as Canada gained more than 44,000 jobs.

That pushed Alberta’s unemployment rate to 6.6 per cent, up from just 4.4 per cent a year ago, leaving tens of thousands of people out of work.

Just for good measure, U.S. President Barack Obama piled on Friday, putting the final nail in the coffin of TransCanada’s long-proposed Keystone XL oil pipeline project.

While Obama’s decision surprised no one, it inflicted another psychological wound on Alberta’s struggling oilpatch, which is bracing for tougher emissions penalties and a possible hike in royalty rates by year’s end, courtesy of Alberta’s new NDP government.   GRAB THIS STORY


Alberta loses nearly 11,000 jobs as unemployment rate rises to 6.6%

By Mario Toneguzzi, Calgary Herald, November 6th, 2015

Alberta’s unemployment rate crept higher as the province lost nearly 11,000 jobs in October, including 3,600 in Calgary, Statistics Canada reported Friday.

The unemployment rate rose to 6.6 per cent, from 6.5 in September.

StatsCan said the job losses provincially were full-time — 11,600 fewer positions month-over-month — while part-time employment rose by 800 jobs.

On an annual basis, employment was up by 13,400 positions, but the gains were in part-time work, which saw a gain of 35,500 positions. The number of full-time jobs in Alberta fell 22,100 from October 2014.

The unemployment rate is 2.2 points higher than it was in October 2014, due largely to a 70,000-person increase in the size of Alberta’s labour force — people who are working or looking for work. READ MORE HERE


Shell says it halted oilsands pipeline over uncertainty

By Jeff Lewis, The Globe and Mail, November 6th., 2015 

Royal Dutch Shell’s chief executive says uncertainty over pipelines such as Keystone XL, killed by the U.S. government on Friday, played a role in the company’s decision to scrap a major oil sands project last month – a sign that export constraints are squeezing some of the industry’s largest players.

Last month, Shell took a $2-billion (U.S.) hit after halting construction of its 80,000 barrel-per-day Carmon Creek development in northwest Alberta. It cited high costs and insufficient pipeline capacity to move the supplies to market as reasons.

On Friday, Ben van Beurden said the project’s economics were subject to a “very, very wide range of outcomes,” including the fate of major pipelines, undermining its viability as the energy giant reins in spending to cope with lower oil prices.

“It was basically a clear, straight-forward economical decision,” he said during a meeting with reporters at the company’s Scotford refining complex northwest of Edmonton.  FOLLOW THIS ARTICLE


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.

"Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy." - Dale Carnegie

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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