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!

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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

 

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