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   email:

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


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


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