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
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


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


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