Wednesday, November 15, 2017

The hero we need

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

November 15th,  2017

Volume 23, Issue 05

Dear Friends and Partners,

As we wind down the year you’ll notice a few changes happening in our newsletter. In the New Year we’ll be going from the current bi-monthly update to a weekly blog platform. That’ll mean that we won’t send out the newsletter on the 1st and 15th. Rather, we’ll send out the occasional update and leave it up to you to visit our website to stay updated. If you prefer to be notified for more frequent economic and property updates, just send us an email directly.

You’ll see links to oil sands news this month and a very interesting article on the petition for Amazon HQ. The last couple years have been a tough slog in AB and the province hasn’t had a good defender since the last change of government. There are signs of an improving economy and of diversification, but (like it or not) an uptick in oil is what would spur growth and confidence in the province as a diversification deepens.

Onwards and upwards!

Central SE Edmonton: Forest Heights, 4 Unit - Cashflow

Great addition to any portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. Despite being behind (the backyard) of a busy road, this 4-Plex attracts renters for its location. Zoned RF 4 and near the proposed LRT route, this is a great rental and longterm money maker.

A short 8 minute drive to downtown 14 mins to U.o.A & Hospital. This property has undergone some upgrades but will need more to make it shine which will be combined into mortgage. Well sized with 4 X 2 bedroom units. Has coin laundry area as well. 1961 built, double garage, massive lot, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Forest Heights. Purchase price to include renovation budget to upgrade exterior/interior to make it standout - all 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 Height 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: $645,000
Total Investment: $150,580 ($35,000 PPI)
Your Estimated 5 Year Profit $88,123
Your pre-tax Total ROI is 58% or 11.7% 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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Battershill: We need to show the same passion for pipelines as we do for Amazon

By Cody Battershill, Calgary Herald, November 2nd., 2017

"What if we competed as hard for Canada’s energy as we did for America’s Amazon?

What if Canadians were as excited about pipelines as they seem to be about attracting the online retail giant’s second headquarters (the so-called HQ2 campaign)?

What if, at the same time Calgary tells Amazon the city would “fight a bear for you,” Calgary Mayor Naheed Nenshi were to step up efforts to get our energy resources to tidewater?

And what if our country were to coalesce behind a campaign to promote Canadian oil and gas, the largest single contributor to Canada’s economy, produced to the best environmental standards on Earth?"  READ MORE HERE 

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Canada oil, gas drilling to pick up in 2018: industry body

By Nia Williams, Reuters, October 30th., 2017

CALGARY, Alberta (Reuters) - "Canadian oil and gas drilling activity will climb 5 percent in 2018 as a gradual uptick in crude prices gives rise to cautious optimism among producers, an industry body forecast on Tuesday.
The Petroleum Services Association of Canada (PSAC) expects energy firms to drill 7,900 wells next year, up from 7,550 in 2017. The biggest increase in activity will be in Canada’s main crude oil and gas-producing province of Alberta.

Based on PSAC’s forecast, next year will be the busiest for drilling since 2014, when oil prices crashed because of global oversupply."  GRAB THIS ARTICLE

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‘It takes forever’: Another delay hits proposed Fort McMurray oilseeds mine
‘Given the environment we’re in, it takes forever to get anything built here.’ energy critic says


By David Thurton, CBC News, November 9th., 2017

"A decision to build a massive new oilsands mine north of Fort McMurray has been delayed. And that has Alberta's Opposition party worried the proponent might back out altogether.

The proposed $20.6-billion Frontier oilsands mine, if approved, would stretch over 292 square kilometres of boreal forest. That's an area roughly the size of Mississauga, Ont.

The proponent, Teck Resources Ltd., said the mine would employ 7,000 people during peak construction and 2,500 people during its operation."  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.

“Failure will never overtake me if my determination to succeed is strong enough.” - Og Mandino

Warm Regards,

Todd and Danielle Millar





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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.

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