Monday, August 14, 2017

August This and That

What a beautiful hot summer in Edmonton. We've had some spectacular hail and thunderstorms. The only thing I'd complain about is the mosquitoes...

LNG possibility lives on, even after death of Pacific NorthWest LNG
Gordon Hoekstra, Vancouver Sun  08.02.2017
"This week, just seven days after B.C. Premier John Horgan and his NDP cabinet were sworn in, global energy heavyweight Petroliam Nasional Bhd killed its mega-project Pacific NorthWest LNG, citing poor market conditions.

With a price tag of $11.4 billion for the liquefied natural gas (LNG) plant and a docking terminal that would have loaded tankers bound for new markets in Asia, another $6 billion for a pipeline to carry gas from northeast B.C., and billions more needed to develop gas resources, this was no small cancellation.

There were as many as 4,500 jobs estimated for the project’s construction peak and another 300 or so estimated permanent jobs in northwest B.C., which has been hit hard by thousands of permanent job losses in the forestry sector, including from pulp mill and sawmill closures.

LNG was a nascent sector that had been touted by former Premier Christy Clark and her Liberal government as a new underpinning for the province’s economy." Read more
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Artificial Intelligence industry takes root in Alberta
By: Aaron Chatha Metro Published on Tue Aug 08 2017
"Alberta is becoming a hotbed for developing artificial intelligence, or machine learning technology.

Alberta technical agency Cybera thinks that AI research in the province could lead to more jobs, and a better retention of our best and brightest talent.

To start, the University of Alberta in Edmonton has led the charge in AI research for decades now. In fact, the federal government recently budgeted $125 million for AI research, and $25 million of that is already allocated for the U of A’s machine learning lab.

But the real kickstarter for Alberta’s AI industry is that DeepMind, a pioneer organization in machine learning, is opening their first-ever international AI research office in Edmonton." Jump
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 Edmonton welcomes new modular apartment
Tuesday, August 1, 2017

"Edmonton’s first modular apartment made entirely of shipping containers is opening this month at 95th Avenue and 163th Street. Known as Westgate Manor, the three-storey, 20-unit multifamily development will bring much needed affordable housing to the area.

Constructed with an innovative all-steel modular building technology that uses surplus shipping-containers as its structural core, the apartment modules are fabricated in the Ladacor factory in Calgary, then transported to the infill site to be installed. In total the process takes three months, with less than a month needed to erect the modules for the apartment block on site.

Westgate Manor features a mix of two-bedroom and one-bedroom units, all with balconies and patios, attractive landscaping, modern design, and extensive parking.

“The re-purposing of the shipping containers is both an environmental consideration, as well as providing a far superior steel structure,” said AJ Sliviniski, President of Step Ahead Properties.  “Offering schedule savings and less site disruption to the area, the non-combustible, durable steel versus wood material leads to higher public safety, and overall higher quality and lower execution risk with factory manufactured predictability. By the time the project is finished it is indistinguishable from conventional construction.”" Read more here

Thursday, August 03, 2017

False Boom?

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

August 3rd., 2017

Volume 23, Issue 03

Dear Friends and Partners,

The talk about the economy is starting to cheer up. But, there isn’t a lot of strong economic data to support it, at least not long-term anyway. We should feel optimistic with the increase in building contracts and public sector industry, but oil & gas is still taking a hiding. ‘Diversification’ is present and needs much time to grow and take root. ‘Cautiously optimistic is a good phrase’ for this summer. If you want a darker read (or perhaps a rant) go HERE

Our next newsletter will be October

Central NW Edmonton: Idylwyde, Conversion to 4 Unit - Cashflow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites. Zoned RF 4 and with potential to build a revenue increasing garage, this is a great rental and long-term money maker. 10 minute drive to downtown 10 mins to U.oA. & Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite. 1971 built, large parking pad, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Idylwyde. Purchase price to include major renovation budget to add suites and improve exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Idylwyde is a mature neighbourhood that is convenient for tenants working downtown or attending U.o.A. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $629,000
Total Investment: $111,800
Your Estimated 5 Year Profit $79,958
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 is about to be Canada’s fastest growing economy again

By Greg Quinn & Catarina Saraiva, Bloomberg, July 28th., 2017

"Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada.

Gross domestic product in the western province will rise by 2.9 percent this year, according to a Bloomberg survey of economists, up from an April estimate of 2.5 percent. That matches forecasts for neighboring British Columbia, and in 2018 Alberta comes out on top with a 2.4 percent expansion that would be tops among Canada’s 10 provinces." JUMP
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Albertans see wage increase; economist considers it encouraging sign

By Scott Johnston, Global News, July 27th., 2017

"The take-home pay of employed Albertans rose in May by 1.9 per cent. It marks what City of Edmonton chief economist John Rose considers another encouraging sign the region is now on the rebound after a recession.

Considering the numbers from Statistics Canada on the average weekly earnings, alongside improvements in employment, retail sales, wholesale activity and housing starts, Rose is cautiously optimistic." GRAB THIS ARTICLE

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Alberta economy rebounding, but deficit will remain: Conference Board of Canada

By Alyssa Julie, Global News, July 27th., 2017

"A new report suggests Alberta will have trouble getting back to a balanced budget despite an increase in oil royalties and corporate tax revenues.
The Conference Board of Canada forecast in its fiscal snapshot that Alberta’s economy would grow by more than three per cent this year and 2.3 per cent in 2018. But it said economic growth would not reach pre-recession levels."  FOLLOW THIS STORY


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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.

“I feel extremely lucky, extremely grateful, and a little bittersweet, too.”
-Wentworth Miller

Warm Regards,

Todd and Danielle Millar

 

Saturday, July 15, 2017

Fair Share

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


July 15, 2017

Volume 22, Issue 12

Dear Friends and Partners,

Rate hikes may be the story this week, but it really should be a potential $20B oil project. Few other provinces (or countries) have a chance to deal with projects of this magnitude (story below).

While the rate increase affects more Canadian and grabs more attention it is a much lesser story. Premature as it is to increase rates, it is a modest climb at best and will not affect most Canadians negatively.

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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!


=========================

Yedlin: Alberta's economy heightens Bank of Canada challenge 
Deborah Yedlin Calgary Herald July 13, 2017

"Unlike British Columbia, which is expected to lead economic growth for a third consecutive year in 2017, this province is still struggling to get on its collective feet.

The disparity vividly illustrates the challenges faced by the Bank of Canada in managing an economy that varies in strength and prospects from coast to coast.

While many forecasts have shown Alberta finally bouncing off the economic bottom — Royal Bank has predicted growth of 2.9 per cent in 2017 and 3.4 per cent next year — it’s not exactly cause for celebration, given how deep a hole the province is digging out from." READ MORE

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Fort McMurray welcomes $20B oilsands mine proposal, but not its plan to fly in workers 
By David Thurton, CBC News Posted: Jun 28, 2017 5:00 AM MT

"A company's plan to construct a new $20.6-billion oilsands mine is being seen as a potential boost for Fort McMurray's ailing economy.

But even before the project gets the regulatory green light, there's concern the mine wouldn't rely on local labour."We certainly are in an economic circumstance that provides great concern," Mayor Melissa Blake "  JUMP

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Ending the Alberta transfer gravy train would add new dimension to pipeline wars
Claudia Cattaneo: Westerners are sick and tired of transferring vast wealth to the rest of Canada, while having to fight to preserve the industry that fills Ottawa’s coffers
Claudia Cattaneo, Financial Post July 14, 2017

"The debate over pipelines has surfaced some ugly Alberta bashing in recent years, but a new counterpoint is getting increasing traction in the province — no pipelines, no Alberta gravy train to fund federal programs in the rest of the country.

Alberta opposition politicians like Brian Jean are all over this, and if members of his Wildrose Party and of the Progressive Conservatives vote to support a union July 22 to create the United Conservative Party, increasing their chances of unseating the NDP in the next provincial election, expect an escalation of demands to end what is seen as an unfair transfer of wealth from Alberta to the rest of the federation, particularly Quebec, without receiving corresponding benefits along with plenty of blame for oil and gas related environmental impacts.

Jean is seeking a meeting to discuss “equalization fairness” with Prime Minister Justin Trudeau during a visit to Calgary Saturday for the Stampede. He said in a statement the program has been “ripping off Albertans for years” and needs to be redone." READ MORE

=========================
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.

All some folks want is their fair share and yours. - Arnold H. Glasow

Warm Regards,

Todd and Danielle Millar

Saturday, July 01, 2017

Canada 150

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


July 1, 2017

Volume 22, Issue 11

Dear Friends and Partners,

Happy 150th Canada Day!

Such a young country. So much promise. A great, safe place to live.

Here’s a short article to ponder about Western Canada’s Real Estate Market - great for those BBQ conversations HERE

Enjoy your long weekend and celebrate Canada. 

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow 

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. North Glenora is a mature neighbourhood that is convenient for tenants working downtown or attending Grant MacEwan. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre.


Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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!

=========================

Innovators toil to revive Canada oil sands as majors exit


By Nia Williams & Ernest Scheyder, REUTERS, June 20th., 2017

In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States.   READ MORE HERE 

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Alberta’s economy shrinks for second year running, but outlook may be improving
By Staff, Canadian Press, June 29th, 2017

EDMONTON - Alberta ended its most recent fiscal year with a $10.8 billion deficit and $33.3 billion in debt, but Finance Minister Joe Ceci said Thursday the economic outlook is improving and the NDP government still plans to balance its books in six years.

The province's year-end financial statement said the Alberta economy shrank by more than seven per cent over 2015 and 2016 as the cratering in oil prices led to tens of thousands of layoffs and sharply cut government revenues.  GRAB THIS ARTICLE

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Hicks on Biz: Alberta heading to a Red October?


By Graham Hicks, Edmonton Sun, June 22nd., 2017

An Edmonton businessman, who has succeeded within Northern Alberta’s roller-coaster economy for some 15 years, sat across from me and shook his head.

“October,” he said. “It’ll catch up to us by October.

“Red October – the streets of Edmonton will run red with financial bleeding.”

Revenues in most Edmonton-based business are either flat, or have mildly dropped year-over-year. Funny how that happens when a 50 per cent drop in oil and gas prices works through an economy.  FOLLOW THIS STORY


 ===============

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.

If a battle can't be won, don't fight it. - Sun Tzu

Warm Regards,

Todd and Danielle Millar

Saturday, June 17, 2017

Alberta Mid Month Update

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


June 17, 2017

Volume 22, Issue 10

Dear Friends and Partners,

Happy Father's Day Weekend!


South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow 

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital. 
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Ottewell is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.


Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 legal 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!

=========================

Ontario vs. Alberta smackdown: Which will lead Canadian growth this year? 

By Erica Alini  May 17, 2017    Global News  
  "Canada’s economy is steaming ahead, but will Ontario or Alberta take the lead?

Economists disagree on which province will post the fastest growth this year. According to the Conference Board of Canada, which published its spring economic forecast today, the crown belongs to Alberta. That province is projected to post a 3.3 per cent increase in real GDP. " HERE

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Oil majors embracing push to green energy: Wood Mackenzie
By Geoffery Morgan June 12, 2017 Financial Post

"We are able to make investments in this business where the investment proposition is right in the middle of the fairway where the risks and rewards are very similar to our core pipeline and utility businesses,” Calgary-based Enbridge Inc. executive vice-president and chief development officer Vern Yu   HERE

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After oilsands divestments, Shell Canada refocuses on gas, chemicals and renewables
By Geoffery Morgan June 6, 2017 Financial Post

"CALGARY – Shell Canada Ltd. will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company’s transition to produce less oil and more energy from natural gas, renewables and chemicals.

This follows Shell’s massive US$7.25-billion divestment of its oilsands assets, announced March 9. The company still plans to build an LNG terminal in British Colombia, but no timeline has been set."
 HERE


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 Natural gas production boom has pipeline demand exceeding supply
 By Geoffery Morgan June 14, 2017 Financial Post

"TransCanada Corp. announced Wednesday that natural gas producers had bid for more space on a new $2-billion expansion of its Nova pipeline system than was available.

“We had more people in the queue than ultimately signed contracts,” TransCanada president, Canada and Mexico natural gas and energy Karl Johannson said.

Johannson said natural gas production from the prolific Montney, Duvernay and Deep Basin formations is surging and gas reserves in those formations has grown to the point that, “I think people have stopped counting.”

The expansion project will allow gas producers in northwestern Alberta and northeastern B.C. to move an additional 2.6 billion cubic feet of gas per day out of the field and into pricing hubs. It will also allow producers to send 400 million cf/d to markets in California, Nevada and the Pacific Northwest. gas production boom has pipeline demand exceeding supply" 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.

“Brevity and consciousness are parents of correction.” -Hosea Ballou

Warm Regards,

Todd and Danielle Millar

Monday, June 12, 2017

June 2017: Top Cities to Buy Property in Canada - by James Cummingss

Vancouver, Sky-Train, Canada, Commuter, Transit

It is easy to see why property owners, Investors, developers are cautiously optimistic about the Canadian real estate market right now. While some parts of the country face certain unique challenges, the Vancouver and Toronto markets continue to experience an increased demand brought by lack of supply.

Although this has raised prices, and led to affordability concerns, the underlying message is that markets in each region present valuable opportunities for smart investors and developers. That is provided they embrace technology and correctly predict the needs of future buyers.

An economic viewpoint

Canada’s economic performance seems to have bounced back from a weak stint since 2015. The country’s economy continues to readjust itself in the wake of declining oil and other commodity prices. According to Conference Board of Canada’s Metropolitan Outlook 1 Spring 2016, the country’s GDP is expected to increase by 2.3% in 2017 and stay above 2% till 2021.

As Richard Morrison of Turbo Tap says, “While there are regional differences in the outlook for various types of property, developers, property-owners and investors are optimistic about the coming months.”

The following are some top places to buy:

Edmonton

Most people who’ve only read or heard about Edmonton think the city’s main attraction is the big West Ed Mall, but those who’d been or lived there will tell you there’s so much more from the “the blue collar city.”

Much of the wealth of Edmonton --- considered Alberta’s cultural, administrative and educational hub (the city is home to the University of Alberta (UofA)) --- owes to the trades people who work in the oil sands.

Edmonton is famously nicknamed “Canada’s Festival City,” largely because of its vast number of carnivals and thriving art scene with 82nd Avenue (around Whyte Avenue) the main hub.

People who’ve made a home or work in the city know that access to Anthony Henday Drive is the key to a good quality life, as the ring road links easily to all corners of this fast emerging Albertan city.

A lot has however changed in the last 15 years, since construction on this road first started as neighbouring communities to the Henday Drive, such as Montrose and Newton, continue to see rapid growths and expansions. Developers are refocusing attention to these city corridors but buyers could still get an older bungalow for about $275,000.

Guelph  (Ontario)

Guelph has established itself on top of the list as the city with the most attractive opportunities for real estate investors in Canada according to Moneysense’s 2017 “Buy Now” ranking. This means it has knocked Thunder Bay from its 2-year stay on that pedestal (now down to 4th position).

Over the past few weeks, government experts, economists and bank CEOs have expressed some concern about the ongoings in the property sector. In a recent report, it was revealed that the price of homes in Toronto had risen by 33%. The city’s housing market shows no signs of cooling as the price of a standard detached home in the city soared from C$1.6 Million to C$2 Million.

No market is totally devoid of issues, but some are in a better position to buffer a market downturn. One such place is Guelph.

At the moment, homes in Guelph cost C$441,000, which is about 4 times the average household income. In comparison to markets like Saint John, Moncton or Thunder Bay, this city in Southwest Ontario is not exactly cheap, but when compared to Toronto, it can be regarded as affordable.

Toronto, Skyline, Cn Tower, Canada, Ontario



Durham (Ontario)

In spite of the predicted drop in some sales activity, Ontario’s housing markets won’t see price declines anytime soon. This is especially true for properties in the Greater Toronto Area and in the larger Ontario region called the Golden Horseshoe. This is mainly as a result of a persistent lack of supply of housing stock, especially for low-density, single-household detached homes.

The lack of supply indicates that sellers are sitting comfortably in a heated seller’s market. Figures are measured by the months of inventory ratio. The common rule is that an inventory ratio under four months (120 days) is strong seller terrain.

The lack of inventory has affected the price of housing in the last 12 months. As a result, property owners or investors looking to sell a home in Durham and surrounding areas can expect strong demand. The average price of a home in Durham is C$527, 285, which is nearly 5 times the average household income. The 5-year annual ROI average is 10.9%.



Burnaby and Burquitlam (Vancouver)  

According to MLA Advisory, a property intelligence group, an estimated 4,500 new presale condominium units will be launched in Metro Vancouver between April and June. Almost half of the new condos will be located in Burnaby and Burquitlam. According to MLA, these areas will be the busiest for concrete condo sales in Western Canada, 2017.

If you are in the market for presale condos, these areas should pique your interest. Downtown Vancouver also shows promise as a top buy location this quarter with the forthcoming 1,000 luxury units to be unveiled later this year.

Real estate properties are also selling out fast in this area. For example, Wexley and Belmont at Heritage are said to be quick approaching sell out. It is estimated that more than 35 new high-rise buildings will be launched this year in Metro Vancouver, as well as 10,700 new concrete units.

Economic growth

According to PWC, Vancouver is expected to top all cities in Canada with a GDP growth of 3.3%, driven by strong gains in employment and housing statistics. It isn’t known yet how British Columbia government’s increased property tax for foreign investors will impact the Vancouver market in the long term.

Millennials are also driving up the city’s rental market. They are looking for new, better-quality units near good facilities and close to public transit.

Following closely behind Vancouver in terms of top growth is Saskatoon, with a forecasted 3% GDP.

By James Cummings

Wednesday, May 31, 2017

Course Correction


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


June 1st., 2017

Volume 22, Issue 09

Dear Friends and Partners,

Summer is upon us - we’re already into June and it has been a tumultuous year around the globe. As you well know, I like to take a mid-year check up this month. I evaluate my life, business, health and pleasure goals and suggest you do the same.
In addition to 90 day goals a summer check up will help you make crucial course corrections so that you can end the year closer to where you wanted when you set your yearly plan into action. If you are already knocking it out of the park - tweak into the direction where you want to grow or enjoy more. This strategy is simple and it works! 

Speaking of goals - here is someone who met or beat his initial BIG goal; sure he has more to come too.


South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow 

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital. 
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Ottewell is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.


Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 legal 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’s two largest cities on the way to economic recovery

By Michael Franklin, CTV News, May 25th., 2017

 According to a new report, the economies of Calgary and Edmonton will be turning upwards, buoyed by rising oil prices through the year.

The information, published by the Conference Board of Canada, says that while energy investment will remain low, oil production will increase, meaning the worst is over for the industry.

The price of oil is expected to reach $60 US per barrel by the end of the year. READ MORE HERE 
=============


Varcoe: OPEC deal sets stage for continued Alberta recovery

By Chris Varcoe, Calgary Herald, May 24th, 2017

A pivotal moment for the province is unfolding Thursday some 8,000 kilometres away in Vienna, one that could ultimately smooth the runway for a continued economic liftoff in 2017 — or kick the skids out of the nascent rebound.

Members of the Organization of Petroleum Exporting Countries (OPEC) are gathering at the organization’s headquarters in Austria to extend production cuts that helped revive oil markets late last year. An agreement to throttle back production for another nine months was struck, following some encouraging comments made by oil ministers from Saudi Arabia, Iraq and Iran.  GRAB THIS ARTICLE


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Alberta land sales surge as producers rush into new shale pocket

By Nias Williams, Reuters, May 25th, 2017

CALGARY, ALBERTA -- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic.

Resurgent land prices are a rare bright spot for Canada's energy industry, dominated by northern Alberta's oil sands projects, a sector that global companies have withdrawn from this year because of high costs and slow returns on capital.

The Duvernay East Shale Basin is more similar to shale plays in the United States, where hydraulic fracking can unlock oil trapped between rocks in a matter of months.  FOLLOW THIS STORY


 ===============

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.

“Education’s purpose is to replace an empty mind with an open one.” -Malcolm Forbes

Warm Regards,

Todd and Danielle Millar





Tuesday, May 23, 2017

News clips and Rescues

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


May 2, 2017

Volume 22, Issue 09

Dear Friends and Partners,

Hope you enjoyed your beautiful, sunny long weekend! We spent time walking the ravine with the newest addition to our family, Greta the rottweiler.

After fostering a few dogs over the last few months we found our new family member at WHARF. Rescues are always looking for foster homes. It's the best way to experience having a dog, all expenses paid and for a short stay only.  If you have a "foster fail" as we did, you still win by getting a new addition to your family.

Local Edmonton Pet Rescues
1) http://www.edmontonanimalrescue.org/
2) http://scarscare.org/
3) http://www.cawsab.org/
4) http://www.zoesanimalrescue.org/
5) http://humaneanimalrescueteam.ca/
6) http://aarcs.ca/
7) http://www.animalrescuetransfersociety.com/adoptions
=========================

South Central Edmonton: Ottewell, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
 This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.



Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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's economy looking up says ATB financial
By Michael Franklin, Friday May  19, 2017

"The province's economy is expected to make some advances in 2017, ATB Financial's latest report shows.

The bank released its latest quarterly outlook on Thursday and it's forecasting the economy will grow by 2.7 percent in 2017 and 2.3 in 2018.

Increased stability in the oil patch is one of the main reasons for the growth, the report indicates.

Modest growth in retail activity, housing price and the labour market will also help." Jump HERE
=========================

Lower costs drive drilling boom in "bellweather" Montney shale formation in north western Alberta, B.C 
Robert Tuttle and Kevin Orland, May 19, 2017

"Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation in northern British Columbia and Alberta, and companies like Grimes Well Servicing Ltd. are having a hard time keeping up with demand.

That's because the Montney, unlike many parts of Canada's oil and gas region, is seeing a surge of investment three years after the worst energy slump in decades. During the first four months of 2017, the number of wells drilled jumped 80 percent from a year earlier to 277, according to Calgary-based Grobes Media Inc.'s BOE Report. It's the most for the period since 2014, when oil prices were twice what they are now and natural gas was 50 percent higher. " Read More HERE
=========================

Foreclosures in Alberta up about 25% annually for past 2 years
By Emily Mertz

"More and more Albertans have or are in danger of losing their homes to the bank, according to numbers from the province.

Foreclosures are on the rise, up by abourt 25 percent annually over the past two years. Statistics from the province show a total. of 5,746 properties were foreclosed on between April 1, 2016 and March 31, 2017. Of those, 2,277 were in Calgary and 2,523 were in Edmonton." Jump Here
=========================

And on the other hand....Edmonton real estate up
 ===============

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.

“I'm not usually in a talkative mood.”
- Chris Cornell

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.











Tuesday, May 02, 2017

Positive Vibes

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


May 2, 2017

Volume 22, Issue 08

Dear Friends and Partners,

Attitude is everything, right? I’d say that it having a good attitude has to be one of the most important attributes in life. In the commerce of life - sometimes just showing up is enough, even if its with a mediocre attitude. But a person that is open to change and constant improvement, that is truly valuable.

What got me thinking about this is how we see, feel and hear our “communal attitude” in Edmonton (maybe throughout Alberta) shifting to the ever-slightly-optimistic. In my opinion, true change in an economy or a city can first be seen when the community’s attitude shifts slightly more to positive over negative.

We can start to see this now as the roots begin to take hold. You can argue the chicken and the egg here; economy starts to improve, people notice a difference, attitudes change.. vs. people have a collective shift from negative to positive in a down economy, start to think of ways to improve economy and signs of improvement occur.

It may be the Oilers, the Arena District or an uptick in economy, no matter how fragile, the mood is brightening. Of course humans are a fickle lot, but for now there is a sense of brightening in the city.

South Central Edmonton: Ottewell, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
 This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.


Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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 oilsands producers bet on a local advantage as foreign companies flee

By Kevin Orland, Bloomberg, April 20th., 2017

Now that multinational energy producers have sold their stakes in Alberta’s oilsands, local companies are hatching plans to make some real changes.

Cenovus Energy Inc. and Canadian Natural Resources Ltd. are betting they can exploit new technologies and their deeper understanding of Canadian-specific issues, such as environmental rules and relations with native communities, to profit from one of the world’s biggest hydrocarbon reserves without their former partners.

“The oilsands require a focus on environmental issues like carbon pricing, indigenous issues, things like that, that are very specific kinds of skills that companies need to have for Alberta, for Canada,” said Harrie Vredenburg, a professor at the University of Calgary’s Haskayne School of Business. “Some of the multinationals are not necessarily particularly suited to that. In all those things, it does favour the Canadian firms.” READ MORE HERE 

===============

Vancouver’s Teck bets billions on Alberta oilsands
First project due for completion this year; second one enters public comment period

By Nelson Bennet, CBC News, April 18th, 2017

The Canadian public is being asked to weigh in on a new oilsands mining project in Alberta owned by Vancouver’s Teck Resources (TSX:TECK.B).

Teck’s $20 billion Frontier oilsands mining project recently entered a joint federal-provincial review panel public comment period.

But not even Teck expects the new oilsands mine to be built before 2026. In the short term, the company is more focused on getting its $13 billion Fort Hills project finished and producing bitumen before year’s end. GRAB THIS ARTICLE

=============== 

Braid: How Donald Trump may save us from America

By Don Braid, Calgary Herald, April 18th, 2017

Donald Trump may yet save Alberta. The U.S. president is pushing the province in a direction it has long needed to go — away from the American market.

For Trump this week, it’s goodbye Canadian dairy subsidies.

For the Alberta government, it’s hello China.

Premier Rachel Notley and officials are there now on a 10-day trade mission that also includes Japan. Those countries are already Alberta’s second- and third-biggest trading partners, respectively, after the U.S.

Alberta premiers have long courted the key Asian markets. The opposition parties may be temped to blast Notley for the $160,000 trip, but if they were in office they’d likely be doing exactly the same thing.  FOLLOW THIS STORY


 ===============

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.

“Never give up, for that is just the place and time that the tide will turn.”
- Harriet Beecher Stowe

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.





Tuesday, April 18, 2017

Spring in the Snow

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 18th., 2017

Volume 22, Issue 07

Dear Friends and Partners,

Hope you had a Happy Easter. Here are a few updates from the news below.



 South Central Edmonton: Forest Heights, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is. This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.

This is property has many recent upgrades and offers 4 X 2 bedroom units. Stylishly renovated up and down with coin laundry in basement. 1963 built, 6 parking stalls and wide front yard.
Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.


Purchase price: $692,000
Total Investment: $156,400
Your Estimated 5 Year Profit $90,462
Your pre-tax Total ROI is 58% or 12% per year

These 4 (non-conforming) 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!

=========================

Jobs data more good news for Alberta but concerns remain


By Gordon Kent, Edmonton Sun, April 20th., 2017

Edmonton is sharing in Alberta's recent strong job growth as the city continues to recover from tough times created by the crash in oil prices.

The capital region gained 6,400 jobs last month, part of the province's unexpectedly large increase of 20,400 positions that was concentrated mainly in the categories of finance, insurance, real estate, rental and leasing; wholesale and retail trade; and manufacturing.  READ MORE HERE 
==============

New startups optimistic despite sluggish economy Alberta economy

By Kyle Bakx, CBC News, April 4th, 2017

Aja Horsley was working a stable job as an agriculture researcher for a Calgary college when she decided to leave and launch a startup. Seven months ago she entered the business of selling honey, and she is now selling her product on store shelves in every province in the country.

Horsley is one of a number of entrepreneurs spurning the downturn to start a new business, according to city data.

In fact, she credits some of her sweet success to the sluggish Calgary economy: it compelled her to try her absolute hardest. GRAB THIS ARTICLE

===============

Two Alberta economies: 20,000 new jobs, but not much for laid-off energy workers

By Reid Southwick, Calgary Herald, April 7th, 2017

The latest jobs report spins a tale of two economies in Alberta.

Statistics Canada’s labour market survey for March shows that 63,000 people — roughly the population of Medicine Hat — have been unemployed for six months or longer.

There haven’t been this many workers out of a job for so long since before the recession began. It suggests the pain of mass layoffs in the oilpatch continues to be felt by many Alberta families.
FOLLOW THIS STORY

 ===============

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.

“Spring is Nature’s way of saying “Let’s Party!”.” -Robin Williams

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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.










Friday, March 31, 2017

Poaching Season

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 1st., 2017

Volume 22, Issue 06

Dear Friends and Partners,

If you’ve followed the Alberta news the last couple of days you’re probably aware of the bickering between Saskatchewan’s Premier Brad Wall and Alberta’s Premier Rachel Notley (article below). As much as it frustrates me to think about companies (energy or other) leaving Alberta, Wall has the right idea to tempt them. It would be wise for Alberta’s government to assure (and ensure) to local businesses that the grass is, can and will be greener if they stay in Alberta. I can’t blame Premier Wall for trying to entice business his way, but I sure wish he didn’t.

On a different note… You can see affordability greatly improving down in Calgary. It has remained good in Edmonton for several years. This will increase activity down there as new jobs (hopefully) develop. Ahh.. spring; full of promises.

 South Central Edmonton: Forest Heights, 4-Unit Cashflow 

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is. This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.

This is property has many recent upgrades and offers 4 X 2 bedroom units. Stylishly renovated up and down with coin laundry in basement. 1963 built, 6 parking stalls and wide front yard.
Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.


Purchase price: $692,000
Total Investment: $156,400
Your Estimated 5 Year Profit $90,462
Your pre-tax Total ROI is 58% or 12% per year

These 4 (non-conforming) 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!

=========================

ATB: Big upswing in optimism shown by Alberta business owners

By Troy Gillard, ATB Business Index, March 21st., 2017

EDMONTON - Oil prices at the start of the year have owners and operators of small and mid-sized enterprises (SMEs) in our province feeling more optimistic about the economy and their business' future, says Alberta’s Crown-owned financial institution.

The ATB Business Index, which measures Alberta business owners' confidence in their own operations, measured 66.1 for the first quarter of 2017. That's the highest ATB Business Index score since the fourth quarter of 2014, when energy prices started to decline. It's also a jump of 17.6 points compared to the previous quarter, the largest quarterly increase in the ATB Business Index since its inception in 2013. A score above 50 suggests more businesses are optimistic than pessimistic.  READ MORE HERE 


===============

Brad Wall heats up spat with Rachel Notley by inviting Calgary companies to move to Saskatchewan

By Claudia Cattaneo, Financial Post, March 29th, 2017

CALGARY – Saskatchewan’s conservative premier, Brad Wall, has upped the stakes in his ongoing spat with Alberta’s NDP premier, Rachel Notley, by offering incentives to Calgary-based energy companies to relocate their headquarters to his province.

It’s a bold move at a time Calgary’s attractiveness as a head office magnet is taking a beating, and one that companies are taking seriously, said Grant Fagerheim, president and CEO of Whitecap Resources Inc. With nearly 45 per cent of its business in Saskatchewan, Whitecap is one of the targeted companies.  GRAB THIS ARTICLE


===============

Looking for an affordable home? You may want to buy in Calgary

By Erica Alini, Global News, March 30th, 2017


The Calgary housing market is “likely to get more attention,” predicts an RBC report on housing affordability released Thursday.
That Calgary homes have become relatively cheap hasn’t really made headlines over the past year — and unsurprisingly so. After all, low prices or not, few Canadians would want to buy a house in a recession-stricken economy.

But Alberta’s economy is showing signs of recovery, noted RBC. And the fact that homes in Calgary haven’t been this affordable since the mid-1980s may soon start to turn heads, suggest economists Craig Wright and Robert Hogue.  FOLLOW THIS STORY

 ===============

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 best preparation for tomorrow is doing your best today.” -H. Jackson Brown, Jr.

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

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.




Friday, March 17, 2017

Alberta's Budget

Varcoe: Good, bad and way too much ugly in new Alberta budget - The flip side of this inaction means a $10.3-billion deficit this year. Meanwhile, debt is expected to hit $45 billion in this new budget year and escalate to $71 billion by 2019-2020. Read it HERE

Trudeau Cabinet Approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway - "That is less economic, and more dangerous for communities, and is higher in terms of greenhouse gas emissions than modern pipelines would be." Read More Here 

Winners and losers in Alberta’s 2017 budget - Winners and losers listed here

Thursday, March 16, 2017

Frontload your life


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 16th., 2017

Volume 22, Issue 05

Dear Friends and Partners,

Frontloading… I associated this term with the bulk of fees paid upfront when investing in managed funds and various paper assets. Then I stumbled across an article that uses this term as a way to invest early, do the hardworking upfront and reap the rewards later.

Its sage advice to start early, invest as much as you can and grow your assets from as young an age as possible. But, not everyone does. In the article (link below) that promotes this - it takes a rather naive spin on it, but the basics are right. I say naive because all sorts of s*it can and will hit the fan that you have to adjust to in life.

Thrifty, money minded Millennials promote staying at home and saving money before going out on their own. Sure, we did it differently and it worked. These guys will do it there way and it should work out too - unless of course they want to live in 250 sqft ergonomic, recycled, biodegradable communal boxes, then the plan may need readjustment…

Good advice for the younglings though: "Frontloading your life is working hard now so that you don’t have to work so hard later. It’s kind of like making a snowball. At first you’re packing the snow and rolling the ball around to make it bigger. After a little work your ball starts to roll down a hill and gets bigger and bigger and bigger, all on its own.”  Read it here.

 King Edward Park: 4-Plex Apartment, cash-flow central 

Turbo charge your portfolio. This legal 4-Plex apartment has great upgrades and terrific curb appeal. Excellent access; 10 minutes from downtown; 8 minutes to UoA, a winner to add to any portfolio. 1972 built, meticulously maintained.

 Newer appliances, shingles, flooring and suite upgrades over the past 1-5 years. Coin laundry down, separate meters for each unit and a mix of 3 X 3 bd suites and 1 X 2 bd - all above ground. Features oversized parking pad.

This property has a tried and true layout and is built to last.Terrific access to local amenities in mature King Edward.  Price includes reserve fund and light reno conversion costs to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of King Edward.
  
Comes complete with great tenants making this a totally turn-key property for you. King Edward is a mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $849,000
Total Investment: $200,030
Your Estimated 5 Year Profit $172,599
Your pre-tax Total ROI is 80% or 15% 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!


===============

Shell’s high-tailing is annoying, but there is lots to like about the Canadianization of the oil sands

By Claudia Cattano, Financial Post, March 14th., 2017

After a couple of decades of globalization, the oilsands are back to being owned and run by a tight oligopoly of Canadian companies.

The rush of foreign players brought capital, research and development, employment and an international flavour to the industry. But it also pushed up costs because of an escalation of competition, moved control and profits abroad, slowed down decision making and attracted a lot of bad publicity to the deposits by making them the poster child for the international anti-fossil fuel movement. READ MORE HERE 

===============


Tough times remain even as turnaround year predicted for Alberta economy
“It’s going to take quite some time before it gets back to where it was before the crash in oil prices."

By CBC News, March 10th, 2017

The worst may be over for Alberta's economy but 2017 will still feel like "tough times" for many people living in the province, says the Conference Board of Canada's chief economist.Craig Alexander discussed Alberta's economy — expected to lead the nation in growth this year at 2.8 per cent — during a conference in Calgary on Friday.   GRAB THIS ARTICLE

===============


Economy may be improving, but many Alberta oil patch jobs will never come back

By Ian Bickis, The Canadian Press, March 1st, 2017

Tens of thousands of oil and gas workers laid off during the downturn have been waiting for the patch to get back on its feet, but many of the jobs could be gone for good.

A rapid change in technology is playing out across the industry, after plummeting crude prices that began in 2015 forced companies to cut jobs and other costs wherever they could over the past two years.

Now, with oil holding steady above US$50 a barrel since December after having bottomed out to about $26 in early 2016, energy analysts say the growth of automation and other labour-saving efficiencies could hold back many jobs from returning with the economic recovery. FOLLOW THIS STORY

 ===============

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.

“It's amazing how nice people are to you when they realize you’re not going away.” -Michael Arlen

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===


Wednesday, March 01, 2017

Spring Uplift

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

Dear Friends and Partners,

Talk is turning more positive as of late in AB. Perhaps part Trump, trade deals, pipelines or simply – spring, the news is brightening. It’d be nice if we could talk ourselves into an improving economy but it doesn’t always work that way.

The real tangible forecast we have to work with  will release their budget in Q2. This is expected to bring some major projects on the books bolstered by private or 3P projects as well; Cross Cancer (Calgary), 2 hospitals in Edmonton as well as the EAD Tower builds will continue to add more labour jobs. Fort Mac will continue to rebuild and ramp up from spring (more government rebuilds on way) this is obviously a mixed blessing; jobs for some, relocations for others and cost to infrastructure.

There is also development in bio-pharma in AB with one large facility looking to be built around Edmonton (see article below). The wild card is oil; cyclically speaking we’ve seen prices stabilize at around $48 bl. If $48 is the new norm (or less) and we can make it work through new technology, then great. If we are headed to a ‘forced diversification’ and over supply, not so good. But, at least we’re ready for that now.

Real Estate is flat except for key areas and building types. Rates are still low, but on the move up. Most energy and construction related projects take 18 months to gear up. That means that we need to continue to manage diligently and keep an eye out for sharp deals as we play the long-term strategy.

With proper management and solid reserves, now is a good time to add to your (residential) portfolio provided you have the tenacity to ride a 5-7 year plus cycle. Commercial and industrial you’ll need to be more selective and prudent with lease-ups (forget DT office space). If in the right area (yup – still “Location, location, location!”) you can benefit from properties that serve the growing industries. Onwards and upwards!

King Edward Park: 4-Plex Apartment, cash-flow central 

Turbo charge your portfolio. This legal 4-Plex apartment has great upgrades and terrific curb appeal. Excellent access; 10 minutes from downtown & 8 minutes to UoA, a winner to add to any portfolio. 1972 built, meticulously maintained. 

Newer appliances, shingles, flooring and suite upgrades over the past 1-5 years. Coin laundry down, separate meters for each unit and a mix of 3 X 3 bd suites and 1 X 2 bd - all above ground. Features oversized parking pad. 

This property has a tried and true layout and is built to last.Terrific access to local amenities in mature King Edward.  Price includes reserve fund and light reno conversion costs to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of King Edward. 
    
Comes complete with great tenants making this a totally turn-key property for you. King Edward is a mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $849,000
Total Investment: $200,030
Your Estimated 5 Year Profit $172,599
Your pre-tax Total ROI is 80% or 15% 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 economy on road to recovery Alberta conference board says 
By Gordon Kent, Edmonton Journal, February 23rd., 2017

Alberta should post Canada's fastest economic growth this year as the energy industry improves and consumer spending picks up, a Conference Board of Canada report says.
The provincial economy is expected to grow by 2.8 per cent in 2017 and a further 1.9 per cent in 2018, according to the non-profit research group's winter provincial outlook released Thursday.
Alberta posted Canada's largest economic decline in 2016.
"After two tough years, the bleeding in Alberta's oil and gas industry is finally being staunched and the province's economy is on the road to recovery," the report said.  FOLLOW THIS ARTICLE 

=========================

City opens first office tower in Edmonton'd Ice District
By Gordon Kent, Edmonton Journal, February 22nd., 2017

Acrobats and jugglers performed Wednesday in the lobby of the Edmonton Tower for the official opening of the first major office building completed in the downtown Ice District.
The 27-storey structure at 101 Street and 104 Avenue will house about 2,000 city employees, including 100 who starting Monday will run a new second-floor customer service centre where people can buy licences and permits, pay taxes and pick up transit tickets.
Seven downtown counters that now provide these services will close Friday, including ones in City Hall and Chancery Hall.
"This tower's significance for the City of Edmonton as a municipal corporation is that it is already changing the way we work as an organization, and very soon it will change the way that Edmontonians access services," Mayor Don Iveson said.   GRAB THIS STORY
=========================

Council sends 80-storey tower proposal back to developer
By Elise Stolte, Edmonton Journal, February 21st., 2017

City council sent a contentious parkland deal back to the developer Tuesday, saying more work is needed to protect the public interest.
"If this all comes together, the city would get a landmark building with a really innovative approach to a park with permanent public access. If it doesn't come together, the city needs a way to cost-effectively go back to Plan A," said Mayor Don Iveson, after council debated in private the land sale meant to enable an 80-storey tower project in The Quarters.
Plan A was to expropriate the Alldritt Group land, which currently has two derelict buildings, and build a signature park at the end of the new Armature Park, creating a direct connection with the river valley.  MORE HERE
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