Time line on rate hike is long -
The rate debate is forefront when you are considering a new mortgage or readjusting your current. For longer holds, locking into a 10 year flat rate offers excellent value right now. If you are contemplating selling, choose to ride the fickle variable rate; still low, but watch keep an eye on the bond market to anticipate increases. Read Here
Canadian banks get ready to lend -
Relaxed mortgage criteria, LOC, business loans? Maybe, maybe not. But when a group of banks is sitting on a pot of money and your credit is good and you have a solid investment property lined up - the lights are green! Read More
Labour shortage costs Alberta Billions
I'm torn on this. Ideally the province (or arguably, the country) should first draw from its own labour pool before outsourcing. If it involves more training and extending the opportunity for employment to other provinces, than that is fantastic. But, if you have a complacent work force that isn't willing to do the work available - then hiring, training and providing an opportunity for those abroad is proactive. My comment is simplistic and assumes that salaries are balanced and workload equal based upon experience. JUMP
Showing posts with label Alberta 2013 outlook. Show all posts
Showing posts with label Alberta 2013 outlook. Show all posts
Friday, July 19, 2013
Saturday, June 01, 2013
Baby Bumps and Value Jumps
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
June 1st., 2013
Volume 14, Issue 7
Dear Friends and Partners,
Albertans were busy last year, and just as many had an 'active' 2011 with 52,398 babies being born in 2012. That sets a record for the province and has continued the pace of the last 3 years. That's just shy of a city the size of Grande Prairie being birthed; population 55,032 respectively.
Although we haven't seen a 'full bloom boom' come on, and in some cases we have seen a slow down in oil and gas production, as a province we are definitely doing well.
Population growth is a key indicator to watch as an investor. Whenever growth occurs be it from an influx of workers or just plain old procreation, you can anticipate a demand for housing. Folks will enter the housing market (starter homes), out grow their current homes (upgrade to larger ones) or in the case of workers and younger families, enter the rental market.
When choosing an investment property always consider who your ideal tenant is and even more importantly as part of your exit strategy, who your end buyer will be.
South Central Edmonton: Four-Plex Cashflow Property in Forest Heights
Turbo charge your portfolio. Upgraded 1960 built 4 unit property with front and rear entrances to suites. All units to be upgraded using our PPI strategy at purchase time and costs wrapped into mortgage. You'll find 3 X 2BD units and 1 X 1BD unit. Spacious upper units will be completed with laminate and new paint. The lower units to get vanity and bathroom updates. There is common laundry for each side. Each unit has its own parking space. Excellent location a short walk to Wayne Gretzky drive and Terrace Heights mall. 10 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away. 20 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area with easy access to transit and downtown. Forest heights is a mature, sought after area near the ravine park system. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable River Valley.
Purchase price: $K Total Investment: $136,380K. Your Estimated 5 Year Profit $75,682K. Your pre-tax Total ROI is 55% 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!
=========================
Alberta Consumer Confidence: Albertans Most Optimistic About Canadian Economy
By The Huffington Post, May 16th 2013
Canadians aren't too optimistic about what the country's economic future holds, that is, unless those Canadians live in Alberta.
The latest RBC Canadian Consumer Outlook released Thursday morning shows the majority of Canadians feel less confident about the state of the national economy currently compared to the previous quarter.
"The RBC CCO indicates that economic mood in Canada has darkened over the last quarter... the first time in nearly two years that there has been an overall decrease in the national index," the report states.
"Only six-in-ten (60 per cent) Canadians think the economy is in good shape (down a significant eight points since last quarter). More Canadians believe the economy will worsen in the next year (30 per cent) rather than improve (26 per cent)." FOLLOW THIS ARTICLE
===============
Alberta Oil Sands Production Likely to Double by 2022
By Reuters, May 8th 2013
CALGARY — Alberta’s Energy Resources Conservation Board said on Wednesday it expects output from the province’s oil sands to double to 3.8 million barrels a day by 2022.
The board, which regulates the province’s oil and gas industry, said it expects oil sands production to hit 3.8 million bpd in nine years, up from 1.9 million bpd in 2012.
Canada’s oil sands are the world’s third-largest crude reserves, behind Saudi Arabia and Venezuela, but the biggest open to investment by private oil companies.
The expected increase in production in Alberta is based on new projects and expansion of existing projects by companies including Imperial Oil Ltd, Canadian Natural Resources Ltd and Suncor Energy Inc, among others. GRAB THIS STORY
===============
Oil Sands: Alberta's New Bold Stance Deserves Credit
By Claudia Cattaneo, National Post, May 17th 2013
Albertans hurt by deep budget cuts due to shrinking provincial revenue from discounted bitumen prices may question the province’s bold buildup of its international presence.
The come-from-behind victory of Christy Clark’s Liberals in Tuesday’s British Columbia election comes as a big relief to those involved in Western Canada’s energy-based economy, but the close call must serve as an impetus to find a fairer way to share the risks and benefits of development.
To the extent that the new strategy, announced Friday in Calgary, helps Alberta deal with concerns about whether it’s a responsible oil producer, it is a necessity.
Without new export pipelines and new oil customers, the future of Alberta’s economy, and as a consequence the government’s ability to support its programs, is grim. Already, the energy sector has dialed down growth plans while waiting for pipeline decisions to be made. 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.
"There is no way to prosperity, prosperity is the way. " -Wayne Dyer
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.
Tuesday, April 16, 2013
Alberta Current Market - REIN Newsletter
"When it comes to the real estate market, the conjecture is flowing, the
questions being posed, the concern mounting. In the majority of the
country, this concern is all focused on markets perceived to be
‘over-priced’ or ‘over-heated.’
However, with a quick trip west to Alberta you find the concern is on the opposite end of the scale with the experts asking the question: “Why isn’t the market booming like it was in 2007?”
This is a great question because I feel like we are back in 2006 - mortgage rates are low, employment figures are high, in-migration is visibly high and yet the house prices are lagging....
READ WHY
However, with a quick trip west to Alberta you find the concern is on the opposite end of the scale with the experts asking the question: “Why isn’t the market booming like it was in 2007?”
This is a great question because I feel like we are back in 2006 - mortgage rates are low, employment figures are high, in-migration is visibly high and yet the house prices are lagging....
READ WHY
Friday, March 01, 2013
Psst... We're doing it again
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
March 1st., 2013
Volume 14, Issue 2
Dear Friends and Partners,
We seem to be teetering back into the scary-territory for North American and European news. I touched on this a few weeks ago along with the upcoming Alberta budget and tempering talk of a 'bitumen bubble'. It's better to talk a jumper down than to shoot one, and by setting expectations of a tough budget, lower oil revenues and costs of greening the stage is set to anticipate a slower and more challenging market the other half to that being it's pretty tough to predict with certainty what will happen in the future.
Our Alberta and Edmonton economy we will do well. Yes, house prices will go up and down, as will oil. We'll eventually get it up, down and out of Alberta to 'world markets' and that will enable us to get a better dollar for it.
In the meantime we are still on a steady course with a great opportunity to pick up CF properties with stress-tests built in (for example: higher vacancy rates, higher interest rates) to buffer the storms that inevitably come up. There is a lot on the go and so much positive renewal happening in Edmonton right now, it is a shame to let some gloom shadow an otherwise positive outlook.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% 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!
=========================
Alberta Economic Snapshot
By Troy Media, February 23rd 2013
CALGARY, AB, Feb. 23, 2013/ Troy Media/ – Maybe it was the hockey lockout, or maybe just the cold weather. Whatever the reason, Albertans seemed to be in little mood in December for one of their favourite pastimes: shopping.
According to Statistics Canada, total retail sales in the province slumped to $5.712 billion in the last month of 2012, a 2.5 per cent dip from November and the second consecutive decrease. Compared to December of the previous year, total sales are higher by 1.9 per cent. The figures are adjusted for seasonal variation, so any of the effects of Christmas shopping are accounted for. GRAB THIS STORY
===============
Alberta's Housing Market and Affordability Levels Amongst the Strongest in Canada
Canadian News Wire, February 25th 2013
TORONTO, Feb. 25, 2013 /CNW/ - Alberta's housing market remained vibrant in the final quarter of last year, buoyed by attractive affordability levels, accelerating population growth, a healthy labour market and a strong provincial economy, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.
The report indicates that although the pace of home resales slowed in closing months of 2012, the housing market tightened up as fewer properties were listed for sale.
"While homes are not particularly cheap in the province, Albertans boast the highest household incomes in Canada, which helps ensure that the share of their budget taken up by homeownership costs is easily manageable," said Craig Wright, senior vice-president and chief economist, RBC. "Barring an unexpected shock to the economy, housing market conditions in Alberta should remain positive in 2013." FOLLOW THIS ARTICLE
===============
Redford Signals New Spending for Alberta's non-oil economy in Coming Budget
By Kevin Carmichael, Globe and Mail, February 24th 2013
Alberta Premier Alison Redford is signalling she will not roll out an austerity-minded budget as her government confronts an unexpectedly growing deficit, instead pledging new spending aimed at making her province less dependent on oil.
In an interview in Washington on the weekend, Ms. Redford addressed the debt-and-deficit issue more in the style of President Barack Obama than Ralph Klein, the former Progressive Conservative premier who made balancing budgets his overarching priority. 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.
"Ambition is the path to success. Persistence is the vehicle you arrive in." -Bill Bradley
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 daily 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
March 1st., 2013
Volume 14, Issue 2
Dear Friends and Partners,
We seem to be teetering back into the scary-territory for North American and European news. I touched on this a few weeks ago along with the upcoming Alberta budget and tempering talk of a 'bitumen bubble'. It's better to talk a jumper down than to shoot one, and by setting expectations of a tough budget, lower oil revenues and costs of greening the stage is set to anticipate a slower and more challenging market the other half to that being it's pretty tough to predict with certainty what will happen in the future.
Our Alberta and Edmonton economy we will do well. Yes, house prices will go up and down, as will oil. We'll eventually get it up, down and out of Alberta to 'world markets' and that will enable us to get a better dollar for it.
In the meantime we are still on a steady course with a great opportunity to pick up CF properties with stress-tests built in (for example: higher vacancy rates, higher interest rates) to buffer the storms that inevitably come up. There is a lot on the go and so much positive renewal happening in Edmonton right now, it is a shame to let some gloom shadow an otherwise positive outlook.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% 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!
=========================
Alberta Economic Snapshot
By Troy Media, February 23rd 2013
CALGARY, AB, Feb. 23, 2013/ Troy Media/ – Maybe it was the hockey lockout, or maybe just the cold weather. Whatever the reason, Albertans seemed to be in little mood in December for one of their favourite pastimes: shopping.
According to Statistics Canada, total retail sales in the province slumped to $5.712 billion in the last month of 2012, a 2.5 per cent dip from November and the second consecutive decrease. Compared to December of the previous year, total sales are higher by 1.9 per cent. The figures are adjusted for seasonal variation, so any of the effects of Christmas shopping are accounted for. GRAB THIS STORY
===============
Alberta's Housing Market and Affordability Levels Amongst the Strongest in Canada
Canadian News Wire, February 25th 2013
TORONTO, Feb. 25, 2013 /CNW/ - Alberta's housing market remained vibrant in the final quarter of last year, buoyed by attractive affordability levels, accelerating population growth, a healthy labour market and a strong provincial economy, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.
The report indicates that although the pace of home resales slowed in closing months of 2012, the housing market tightened up as fewer properties were listed for sale.
"While homes are not particularly cheap in the province, Albertans boast the highest household incomes in Canada, which helps ensure that the share of their budget taken up by homeownership costs is easily manageable," said Craig Wright, senior vice-president and chief economist, RBC. "Barring an unexpected shock to the economy, housing market conditions in Alberta should remain positive in 2013." FOLLOW THIS ARTICLE
===============
Redford Signals New Spending for Alberta's non-oil economy in Coming Budget
By Kevin Carmichael, Globe and Mail, February 24th 2013
Alberta Premier Alison Redford is signalling she will not roll out an austerity-minded budget as her government confronts an unexpectedly growing deficit, instead pledging new spending aimed at making her province less dependent on oil.
In an interview in Washington on the weekend, Ms. Redford addressed the debt-and-deficit issue more in the style of President Barack Obama than Ralph Klein, the former Progressive Conservative premier who made balancing budgets his overarching priority. 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.
"Ambition is the path to success. Persistence is the vehicle you arrive in." -Bill Bradley
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 daily 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.
Tuesday, January 15, 2013
8 Steps To The Life You've Always Wanted
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
January 15th., 2013
Volume 13, Issue 9
Dear Friends and Partners,
Nice to see you again! Hope the holidays were good and that Santa visited you and your loved ones over the break. But what about you; Have you stepped into your groove for this New Year or are things pretty much the same as the last one? I see a year full of opportunity despite the anxiety and uncertainty others would have you believe. There never is a 'safe time, a right time or even a 'perfect time' other than the ones we create or work towards changing. Maybe its time to set the tone...
Dr. Demartini has put together 'The 8 Steps To The Life You've Always Wanted'. You can go to Dr. Demartini's page here and read more of his insights too. BTW - He'll be in Toronto and Calgary this March/April.
The 8 Steps To The Life You've Always Wanted
1. Every day sit for a moment in silent meditation and concentrate on exactly what you would love to create in your life. Imagine every detail you can and then even more. Imagine your life exactly the way you would love it to be. Let your imagination be real enough to have it come true, yet ideal enough to inspire and stretch you.
2. Write as many details as you can imagine down and begin a dream or goal plan. Writing these down helps make dreams come true. Remember the details.
3. Every day take at least one if not three or even seven action steps to make this goal come true. What you move toward move towards you.
4. Keep records of every synchronous and goal aligning event that occurs, they surround your life. Write all the events that come true each day that demonstrates that you are moving in the direction of your goals.
5. Keep refining your goals, so as to become clearer and clearer each day on your outcomes.
6. As they begin to become real be sure to add new ones all revolving around your chief aim or purpose in life.
7. Be thankful for every supportive and challenging event that helps provide you feedback and fulfillment.
8. Remember the art of creation is set goals aligned to your values* then hold the image through time - the only way to hold the image through time is to keep it in motion and the only way to keep it in motion is to focus on the ever finer details.
Read, Reflect and Do - make everyday count!
North Central Edmonton: 6-Suite Cashflow Property in Kilarney
Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving North East.
Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year
These 6 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!
=========================
Lamphier: Alberta Leads The Pack in 2013 Forecasts
By Gary Lamphier, Edmonton Journal, January 2nd 2013
EDMONTON - Headaches? Sure. Alberta’s energy-fuelled economy has plenty of them.
Take your pick: From hefty oil price discounts to pipeline bottlenecks and growing labour shortages, there’s a lot to worry about.
The global threats to growth are even more troubling, including Europe’s stubborn debt crisis and the political jockeying in Washington, D.C., over the fiscal cliff and federal debt ceiling.
But despite the likelihood of more stormy seas ahead, most economists believe Alberta’s ship will continue to sail at a rapid clip in 2013, leading the nation in economic growth this year and beyond. GRAB THIS STORY
===============
Edmonton Housing Market Strong: Realtors
By Ryan Tumilty, Metro Edmonton, January 9th 2013
Edmonton’s realtors see a bright future for the city’s housing market this year with strong and steady growth in Edmonton.
The Realtor’s Association of Edmonton made the announcement Wednesday saying they believe the market will grow by three percent, while housing prices will climb two per cent and condominium prices one per cent.
“We think this year very much mirrors the past couple of years with sustained growth, nothing outrageous, just very balanced,” said Darrel Cook, president of the association at the groups annual housing forecast seminar.
John Rose, the city’s chief economist, shared the rosy outlook, but warned there were some challenges ahead.
One of the areas Rose highlighted was the shortage of labour, which he cautioned could make it difficult for some business. FOLLOW THIS ARTICLE
===============
Canada's Pipeline Hits Slippery Patch
Opposition from environmental groups threatens plans to expand to new oil markets in Asia
By Paul Vieria, The Wall Street Journal, January 9th 2013
OTTAWA—Canadian Prime Minister Stephan Harper's government promised to push new oil pipelines to the Pacific—a gateway to thirsty Asian markets—after Washington early last year rejected a pipeline expansion to boost Canadian exports to the U.S.
But the pillar of that plan—a 730-mile line called the Northern Gateway that would carry crude from landlocked Alberta to the Pacific port of Kitimat—is mired in political and public opposition, focused in the province of British Columbia. That is threatening Mr. Harper's efforts to open new markets for Canada's crude. British Columbia has historically been a hotbed of the environmental movement in Canada. 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.
"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man. " -Benjamin Franklin
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 daily 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
January 15th., 2013
Volume 13, Issue 9
Dear Friends and Partners,
Nice to see you again! Hope the holidays were good and that Santa visited you and your loved ones over the break. But what about you; Have you stepped into your groove for this New Year or are things pretty much the same as the last one? I see a year full of opportunity despite the anxiety and uncertainty others would have you believe. There never is a 'safe time, a right time or even a 'perfect time' other than the ones we create or work towards changing. Maybe its time to set the tone...
Dr. Demartini has put together 'The 8 Steps To The Life You've Always Wanted'. You can go to Dr. Demartini's page here and read more of his insights too. BTW - He'll be in Toronto and Calgary this March/April.
The 8 Steps To The Life You've Always Wanted
1. Every day sit for a moment in silent meditation and concentrate on exactly what you would love to create in your life. Imagine every detail you can and then even more. Imagine your life exactly the way you would love it to be. Let your imagination be real enough to have it come true, yet ideal enough to inspire and stretch you.
2. Write as many details as you can imagine down and begin a dream or goal plan. Writing these down helps make dreams come true. Remember the details.
3. Every day take at least one if not three or even seven action steps to make this goal come true. What you move toward move towards you.
4. Keep records of every synchronous and goal aligning event that occurs, they surround your life. Write all the events that come true each day that demonstrates that you are moving in the direction of your goals.
5. Keep refining your goals, so as to become clearer and clearer each day on your outcomes.
6. As they begin to become real be sure to add new ones all revolving around your chief aim or purpose in life.
7. Be thankful for every supportive and challenging event that helps provide you feedback and fulfillment.
8. Remember the art of creation is set goals aligned to your values* then hold the image through time - the only way to hold the image through time is to keep it in motion and the only way to keep it in motion is to focus on the ever finer details.
Read, Reflect and Do - make everyday count!
North Central Edmonton: 6-Suite Cashflow Property in Kilarney
Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving North East.
Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year
These 6 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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Lamphier: Alberta Leads The Pack in 2013 Forecasts
By Gary Lamphier, Edmonton Journal, January 2nd 2013
EDMONTON - Headaches? Sure. Alberta’s energy-fuelled economy has plenty of them.
Take your pick: From hefty oil price discounts to pipeline bottlenecks and growing labour shortages, there’s a lot to worry about.
The global threats to growth are even more troubling, including Europe’s stubborn debt crisis and the political jockeying in Washington, D.C., over the fiscal cliff and federal debt ceiling.
But despite the likelihood of more stormy seas ahead, most economists believe Alberta’s ship will continue to sail at a rapid clip in 2013, leading the nation in economic growth this year and beyond. GRAB THIS STORY
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Edmonton Housing Market Strong: Realtors
By Ryan Tumilty, Metro Edmonton, January 9th 2013
Edmonton’s realtors see a bright future for the city’s housing market this year with strong and steady growth in Edmonton.
The Realtor’s Association of Edmonton made the announcement Wednesday saying they believe the market will grow by three percent, while housing prices will climb two per cent and condominium prices one per cent.
“We think this year very much mirrors the past couple of years with sustained growth, nothing outrageous, just very balanced,” said Darrel Cook, president of the association at the groups annual housing forecast seminar.
John Rose, the city’s chief economist, shared the rosy outlook, but warned there were some challenges ahead.
One of the areas Rose highlighted was the shortage of labour, which he cautioned could make it difficult for some business. FOLLOW THIS ARTICLE
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Canada's Pipeline Hits Slippery Patch
Opposition from environmental groups threatens plans to expand to new oil markets in Asia
By Paul Vieria, The Wall Street Journal, January 9th 2013
OTTAWA—Canadian Prime Minister Stephan Harper's government promised to push new oil pipelines to the Pacific—a gateway to thirsty Asian markets—after Washington early last year rejected a pipeline expansion to boost Canadian exports to the U.S.
But the pillar of that plan—a 730-mile line called the Northern Gateway that would carry crude from landlocked Alberta to the Pacific port of Kitimat—is mired in political and public opposition, focused in the province of British Columbia. That is threatening Mr. Harper's efforts to open new markets for Canada's crude. British Columbia has historically been a hotbed of the environmental movement in Canada. READ MORE HERE
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