You’ll never be wrong predicting a bust.
Same with predicting a boom - the rub is trying to get the timing exactly right. You might wonder why I put this article up on our blog dedicated to investing successfully in Edmonton real estate, and the answer is that everyone is right sometimes.
I haven’t read this book as it’s not out yet. I think that it’s naive to say that there won’t be another down cycle, because there will be many more up-cycles and many more down-cycles for as long as man buys-sells-creates. Economic fluctuation is the norm.
Do I think that there is a big correction headed for CANADA in the future?
No, not really. Canada’s a big place after all.
Do I think that certain markets, property types and lending manoeuvrings may create a dangerous situation for some speculators? Yes, I do.
But, that doesn’t mean that a crash is coming and even if it did indicate that, with the right investing skills, it would create an excellent time to make strategic real estate/business buys.
Simply put - don’t believe the hype (both good and bad). Study economic fundamentals, invest using a proven strategy, buy the right property (or business). Be responsible and be active.
Showing posts with label 2014 economic forecast Alberta. Show all posts
Showing posts with label 2014 economic forecast Alberta. Show all posts
Thursday, September 25, 2014
Monday, September 15, 2014
Alberta's Story
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
September 15th., 2014
Volume 17, Issue 4
Dear Friends and Partners,
Summer sure came to halt here in Edmonton, Calgary even more so. 'What happened?’ asked all my cucumbers, withered and frozen on the vine. Despite a JOLT of winter the summer has been great - I hope yours has too.
We’re starting to see more Single Family Residential properties coming on the market and even a mortgage rate decrease. On Tuesday BMO listed a 5 year fixed rate of 2.99% to take advantage of fall home shoppers. The few points off won’t make too much of a difference to your cash flow, but will spur would-be home buyers to get active in the market after a lazy summer.
One of the best strategies for home owners to take advantage of low rates is to increase their payments as if their rates were higher. They can pay down equity faster or save the extra cash and apply it towards a down-payment on a rental. Edmonton's multi-family inventory remains tight. There is a small handful of decent properties out there, however the price point tends to be higher than what an investor needs to make it work. With that said, we continue to work with unlisted properties and pocket listings to make deals happen. You have a good window ahead for Q4/Q1 to add quality revenue property to your portfolio - take advantage of it!
Below are a few fairly stock snippets from an article on the upside of property investing and the hard work associated with it - believe me, there is a lot more of both!
"Ms. Jansson is in good company. Thousands of Canadians rely on residential income properties, whether close to home or abroad, to help them feather their financial nests.”
“It’s like any business that you want to enter. It’s all about time, money and expertise. If you don’t have the time, you at least have to have the expertise and you have to have the money to make it fly,” says Phil McDowell, a mortgage broker in Calgary.” Read the whole article here
Central Edmonton: Inglewood 4-Unit Cashflow (Purchase Plus Improvement Deal)
Turbo charge your portfolio. This 1950 built Raised-Bungalow-Style 4-Plex is located in the heart of Inglewood, minutes from trendy 124th and downtown. The airport revitalization project is sending ripples of improvement throughout this area. Easy access to the Yellowhead as well as many parks and schools to enjoy in this character -rich neighbourhood.
This property has front entrances to the 2 X 2BD main floor units and lower entrances for the 2X 1BD suites.
This property was built as a RF3 duplex and is noted as having lower-level suites in the tax assessment. This is a purchase plus improvement deal, meaning that we wrap the ($25K) renovations into a new mortgage.
Ensuite laundry to be added. Property has 1 x double detached garage . Excellent access to downtown, transit and St. Albert.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a great mature area that is a desirable for tenants working in the city or attending NAIT.
HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core. Purchase price factors in renovations.
Purchase price: $664,000K
Total Investment: $152,930K
Your Estimated 5 Year Profit: $86,096.28K
Your pre-tax Total ROI is 56% or 11% 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!
=========================
Painting a picture with numbers, the story of Alberta
By Karyn Mulcahy, CTV Edmonton, August 21st., 2014
We’ve heard it time and time again, Alberta is a prosperous province with a booming economy, but how do we actually stack up, numbers wise? The Alberta Office of Statistics and Information has answers.
"Last year the population in our province jumped by 3.5%, which is triple the national average. More than four million people now call Alberta home. The average rent for a two bedroom apartment in the province sat at $1,190 in April of 2014, with the cheapest rent found in Medicine Hat ($739 a month), and the most expensive in Fort McMurray ($2.061). Workers earned the highest average weekly wages in the country ($1.108.01), 22% more than the national average, and the unemployment rate sat at only 4.6%, the second lowest in the country after Saskatchewan." FOLLOW THIS ARTICLE
===============
Arctic route for Alberta could trump stalled B.C. pipeline projects
By Justin Ling, Special to Financial Post, September 5th, 2014
Alberta’s plan to get its landlocked oil to overseas markets by way of Arctic shores might just become a reality — and sooner than the stalled Northern Gateway or Keystone XL projects.
The plan, until recently dismissed as dubious by some skeptics, may have finally found the right combination of winning conditions: a hunger for resource development in Yellowknife, a desperate need to find new markets for oil-sands bitumen, an aggressive push from the federal government to reduce environmental oversight in the territory, and the changing northern climate. GRAB THIS STORY
===============
Pembina Pipeline strikes Billion-dollar energy deals
By Bertrand Marotte, The Globe and Mail, September 2nd, 2014
Pembina Pipeline Corp. has struck a deal to build a West Coast propane export terminal in Portland, Oregon and is also tapping into the prolific North Dakota Bakken play with the acquisition of an ethane pipeline.
Calgary-based Pembina said on Tuesday it plans to develop a 37,000-barrel-per-day export facility in Portland’s port at a cost of about $500-million (U.S.). READ MORE HERE
===============
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.
“Show class, have pride, and display character. If you do, winning takes care of itself." - Paul Bryant
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
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
September 15th., 2014
Volume 17, Issue 4
Dear Friends and Partners,
Summer sure came to halt here in Edmonton, Calgary even more so. 'What happened?’ asked all my cucumbers, withered and frozen on the vine. Despite a JOLT of winter the summer has been great - I hope yours has too.
We’re starting to see more Single Family Residential properties coming on the market and even a mortgage rate decrease. On Tuesday BMO listed a 5 year fixed rate of 2.99% to take advantage of fall home shoppers. The few points off won’t make too much of a difference to your cash flow, but will spur would-be home buyers to get active in the market after a lazy summer.
One of the best strategies for home owners to take advantage of low rates is to increase their payments as if their rates were higher. They can pay down equity faster or save the extra cash and apply it towards a down-payment on a rental. Edmonton's multi-family inventory remains tight. There is a small handful of decent properties out there, however the price point tends to be higher than what an investor needs to make it work. With that said, we continue to work with unlisted properties and pocket listings to make deals happen. You have a good window ahead for Q4/Q1 to add quality revenue property to your portfolio - take advantage of it!
Below are a few fairly stock snippets from an article on the upside of property investing and the hard work associated with it - believe me, there is a lot more of both!
"Ms. Jansson is in good company. Thousands of Canadians rely on residential income properties, whether close to home or abroad, to help them feather their financial nests.”
“It’s like any business that you want to enter. It’s all about time, money and expertise. If you don’t have the time, you at least have to have the expertise and you have to have the money to make it fly,” says Phil McDowell, a mortgage broker in Calgary.” Read the whole article here
Central Edmonton: Inglewood 4-Unit Cashflow (Purchase Plus Improvement Deal)
Turbo charge your portfolio. This 1950 built Raised-Bungalow-Style 4-Plex is located in the heart of Inglewood, minutes from trendy 124th and downtown. The airport revitalization project is sending ripples of improvement throughout this area. Easy access to the Yellowhead as well as many parks and schools to enjoy in this character -rich neighbourhood.
This property has front entrances to the 2 X 2BD main floor units and lower entrances for the 2X 1BD suites.
This property was built as a RF3 duplex and is noted as having lower-level suites in the tax assessment. This is a purchase plus improvement deal, meaning that we wrap the ($25K) renovations into a new mortgage.
Ensuite laundry to be added. Property has 1 x double detached garage . Excellent access to downtown, transit and St. Albert.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a great mature area that is a desirable for tenants working in the city or attending NAIT.
HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core. Purchase price factors in renovations.
Purchase price: $664,000K
Total Investment: $152,930K
Your Estimated 5 Year Profit: $86,096.28K
Your pre-tax Total ROI is 56% or 11% 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!
=========================
Painting a picture with numbers, the story of Alberta
By Karyn Mulcahy, CTV Edmonton, August 21st., 2014
We’ve heard it time and time again, Alberta is a prosperous province with a booming economy, but how do we actually stack up, numbers wise? The Alberta Office of Statistics and Information has answers.
"Last year the population in our province jumped by 3.5%, which is triple the national average. More than four million people now call Alberta home. The average rent for a two bedroom apartment in the province sat at $1,190 in April of 2014, with the cheapest rent found in Medicine Hat ($739 a month), and the most expensive in Fort McMurray ($2.061). Workers earned the highest average weekly wages in the country ($1.108.01), 22% more than the national average, and the unemployment rate sat at only 4.6%, the second lowest in the country after Saskatchewan." FOLLOW THIS ARTICLE
===============
Arctic route for Alberta could trump stalled B.C. pipeline projects
By Justin Ling, Special to Financial Post, September 5th, 2014
Alberta’s plan to get its landlocked oil to overseas markets by way of Arctic shores might just become a reality — and sooner than the stalled Northern Gateway or Keystone XL projects.
The plan, until recently dismissed as dubious by some skeptics, may have finally found the right combination of winning conditions: a hunger for resource development in Yellowknife, a desperate need to find new markets for oil-sands bitumen, an aggressive push from the federal government to reduce environmental oversight in the territory, and the changing northern climate. GRAB THIS STORY
===============
Pembina Pipeline strikes Billion-dollar energy deals
By Bertrand Marotte, The Globe and Mail, September 2nd, 2014
Pembina Pipeline Corp. has struck a deal to build a West Coast propane export terminal in Portland, Oregon and is also tapping into the prolific North Dakota Bakken play with the acquisition of an ethane pipeline.
Calgary-based Pembina said on Tuesday it plans to develop a 37,000-barrel-per-day export facility in Portland’s port at a cost of about $500-million (U.S.). READ MORE HERE
===============
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.
“Show class, have pride, and display character. If you do, winning takes care of itself." - Paul Bryant
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Monday, August 11, 2014
This and That August
Landlords or property managers are used to encountering strange things after a tenant has moved out. This Alaskan lady has probably topped everyone else by finding her ex-husband's body under the stairs. Strange but true read Here
Some of the best food I've eaten around the world has been underground waiting for the train (eki soba for one) ... lets hope this Edmonton cafe can deliver as promised! Jump
Edmonton is experiencing a hotel boom. That is because we need more rooms to get deals done in this city Read
Alberta economy is hot Here
Some of the best food I've eaten around the world has been underground waiting for the train (eki soba for one) ... lets hope this Edmonton cafe can deliver as promised! Jump
Edmonton is experiencing a hotel boom. That is because we need more rooms to get deals done in this city Read
Alberta economy is hot Here
Friday, December 13, 2013
Great news to finish the year....
It feels like old times with Alberta leading Canada economically. We are all very excited to see what 2014 will bring.
"Canada's oil-rich Alberta has come out of the global recession virtually unscathed, and the winning streak isn't over. Fuelled by the oil sands industry, Alberta will again be Canada's fastest growing economy in 2014.
Over the past few years, Canada has seen a two-tiered economy in which resource-rich provinces consistently outperformed the rest of the country. For three consecutive years, Alberta has been the largest contributor to economic expansion in Canada, with the energy sector fuelling virtually all the growth. In 2013 Alberta's GDP is projected to rise by 3.2% and slightly more over the following year.
According to the latest Provincial Outlook report from the Conference Board of Canada, Alberta's economy has "remained resilient" despite $1.7 billion in damages from flooding this past summer. The Board cautions that pipeline constraints remain a risk, as more bitumen will need to make its way to markets. Over the near term, however, existing capacity should do."
Read full article here
"Canada's oil-rich Alberta has come out of the global recession virtually unscathed, and the winning streak isn't over. Fuelled by the oil sands industry, Alberta will again be Canada's fastest growing economy in 2014.
Over the past few years, Canada has seen a two-tiered economy in which resource-rich provinces consistently outperformed the rest of the country. For three consecutive years, Alberta has been the largest contributor to economic expansion in Canada, with the energy sector fuelling virtually all the growth. In 2013 Alberta's GDP is projected to rise by 3.2% and slightly more over the following year.
According to the latest Provincial Outlook report from the Conference Board of Canada, Alberta's economy has "remained resilient" despite $1.7 billion in damages from flooding this past summer. The Board cautions that pipeline constraints remain a risk, as more bitumen will need to make its way to markets. Over the near term, however, existing capacity should do."
Read full article here
Wednesday, November 13, 2013
This and That
The end of the year always bears reflection on what we've done in the last 11 - 12 months. The goal sheets I crafted at the end of 2012 are examined and my highlighter joyfully crosses off what I can mark as done. I would say that the crossing off of goals with a highlighter is one of my favorite things.
Once the highlighting frenzy is over I start thinking about the next year. Not only my goals but how our economy locally, provincially and nationally will fare.
Alberta's outlook for 2014 looks sunny with a chance of headwinds . REIN puts Edmonton back as the top town to invest in but Calgary looks good as well.
"(Don) Campbell said both cities are poised to be economic leaders in Canada in 2014 and 2015 and therefore the forecast for in-migration and housing demand remains very strong."
There is a lot of uncertainty in the US and Europe if things stay on track globally it will bode well for Canada. It's been a while since we've had B.C, Alberta and the potential of the east coast all gearing up at the same time.
At any rate we can all do our part for the economy by something as simple as having a cold beer.
Once the highlighting frenzy is over I start thinking about the next year. Not only my goals but how our economy locally, provincially and nationally will fare.
Alberta's outlook for 2014 looks sunny with a chance of headwinds . REIN puts Edmonton back as the top town to invest in but Calgary looks good as well.
"(Don) Campbell said both cities are poised to be economic leaders in Canada in 2014 and 2015 and therefore the forecast for in-migration and housing demand remains very strong."
There is a lot of uncertainty in the US and Europe if things stay on track globally it will bode well for Canada. It's been a while since we've had B.C, Alberta and the potential of the east coast all gearing up at the same time.
At any rate we can all do our part for the economy by something as simple as having a cold beer.
Campbell
said both cities are poised to be economic leaders in Canada in 2014
and 2015 and therefore the forecast for in-migration and housing demand
remains very strong. - See more at:
http://www.reincanada.com/RealEstateNewsView/tabid/72/articleType/ArticleView/articleId/350/Edmonton-housing-market-overtakes-Calgary-in-investment-ranking.aspx#sthash.E92SAIXf.dpuf
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