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
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


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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