Friday, July 01, 2016

Turn it off

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:

July 1st., 2016
Volume 21, Issue 1

Dear Friends and Partners,

Happy 149th Canada!

After the surprising outcome of Brexit last week, the sudden withdrawal of Boris Johnson in the Tory leadership race and the terrible attacks at Istanbul airport you bet Canada looks pretty calm. We certainly have our own problems be they political, economical, environmental or even extreme weather; the vast majority of Canadians have it pretty good. Let’s remember that (and the improvements we need to make) while we celebrate this Canada Day.

There certainly is a lot of opinion on which way oil is going. I had a good chuckle when I read ‘5 reasons why oil is going up’ right next to ‘Oil is still heading to $10 a barrel’. One thing is certain, they both will be correct at one time or another. Invest for the longterm and remember to breathe in between.

One thing that I’ve been thinking a lot about lately is how fast paced our ‘good life’ in North America is. I returned mid June from a business trip to Europe. I toured factories, breweries and visited a selection of investment properties over 3 countries. What really struck me (as it does every time) is how productive and relaxed people are.  Of course this isn’t the same for all countries and lines of work, but generally people know how to ‘turn it off’ at the end of the day. That means that they go to work and do a good job, finish and then spend more time engaged with family, friends and community be it shopping or just living.

That’s a big contrast to our way of life here and it bears consideration… I’ll continue writing about this and welcome your comments on our blog. Find the balance.

Stony Plain: Legal 4-Unit
Turbo charge your portfolio. For those wanting to explore a little bit outside of Edmonton, visit Stony Plain - 30 minutes away. Great area, 4-unit, across from the park and near the centre of town.

This is property is in great shape and boasts 4 X 3bedroom units all with in-suite laundry. 1978 built, newer roof, some windows, kitchen and laundry. Terrific access to local amenities in sought after Forest Green.

 This property has a massive lot and room for RV parking. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This property shines! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of Forest Green.

Comes complete with great tenants making this a totally turn-key property for you.  Forest Green is a mature neighbourhood that is convenient for tenants working in Stony Plain or Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Stony Plain's growing status of a ‘bedroom community’ to Edmonton.

Purchase price: $635,000
Total Investment: $151,840.
Your Estimated 5 Year Profit: $91,074.
Your 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!


Alberta will stay in recession this year before rebounding in 2017, Conference Board of Canada forecasts
Spring provincial outlook says real GDP will drop 2% in 2016 and rise 2.5% in 2017

By Larry MacDougal, Canadian Press, June 13th., 2016

Alberta's economy will remain in recession this year as the province struggles with its worst downturn in three decades, but there is a recovery on the horizon, according to the Conference Board of Canada.
In the federal research organization's spring provincial outlook, released on Monday, analysts predict Alberta's real GDP to contract by two per cent for 2016.

"Business investment in the oil and gas sector fell by $17 billion last year and, with oil and gas prices forecast to remain low, a recovery in 2016 is not in the cards," the report says. 



Oilpatch showing signs of life after string of deals
Recession isn’t over in the energy sector, but the mood is changing

By Kyle Bakx, CBC News, June 15th, 2016

Renewed interest from investors is spurring optimism in the oilpatch and helping at least one Calgary oil company pull itself from the brink of bankruptcy.
A few weeks ago, Penn West warned it may default on its debt.

The Calgary-based oil company was struggling to turn a profit. Its production was dropping, its shares were falling, and its long-term debt was nearly four times higher than its worth on the Toronto Stock Exchange.

No wonder some people were starting to write off the company.  GRAB THIS ARTICLE


Brad Wall Says oil and gas is losing the battle to environmentalists

By Ian Bickis, The Canadian Press, June 8th, 2016

CALGARY — The energy industry is losing the public relations battle against environmentalists and needs to redouble efforts to get out its side of the story, Saskatchewan Premier Brad Wall said Wednesday.
"Today there continues an existential threat to this industry,'' said Wall.

"It's posed by ... some who just aren't that comfortable that we have all this oil and what oil might mean. And it's also posed by some who just want to shut it down completely.''



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.

Life is really simple but we insist on making it complicated.” -Confucius 

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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