Edmonton Real Estate Investor: Alberta economic forecast

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

October 1st., 2015
Volume 19, Issue 5

Dear Friends and Partners,

It didn’t feel like a boom did it? The last five years were Alberta’s recovery and peak, before we navigate into a potentially downward trend. You can argue all day long that we don’t have boom and bust cycles here and you’d be right… But what we do clearly have are up and downward trends.

Over the last 5 years we’ve seen a fairly good economy and I think the shift into a slower economy is becoming more gradual than decades before. The gradual shift from high gear to low gear is becoming ever-so-slightly, softer. That’s a good thing.

It shows as a province, an economy - that we are better navigating through the cycles.

Here is an excerpt of an article we wrote 6 years back. The information is timeless and will help you understand and manage your rentals.

How to Keep Investment Properties Tenanted with Long Term Renters

"The purpose of your investment real estate is to produce positive monthly cash flow and sell for an increased value at some point in the future. The only way rental real estate will be successful is to have excellent hands-on partners in the venture, otherwise know as tenants. Great tenants are crucial to the financial success of your rental property. In fact it’s been said that the property isn’t an asset without great tenants in it. So where can you find the elusive great tenant? They’re only elusive if you don’t know how to attract them. By being open minded and pro-active, pumping up your ads and sweetening the deal you can attract great tenants like bees to honey."

BONUS Good ad writing advice:
Simple Ways To Make Your Rental Ads Stand-Out

North East Edmonton: Highlands Legal 4-Unit Cashflow

Turbo charge your portfolio. This terrific legal four-plex features separately titled suites. 1971 built, located half a block to Ada Boulevard and the river valley.

Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.

Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rentability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.

Purchase price: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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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Why Canada’s last great hope for the oil sands is no slam dunk

By Claudia Cattaneo, Financial Post, September 28th, 2015

As major bitumen pipeline options keep falling off the table, Kinder Morgan’s TransMountain pipeline expansion is becoming the last big hope to open a new market for Western Canadian oil this decade.
With Enbridge Inc.’s proposed Northern Gateway stuck trying to increase aboriginal support in British Columbia, TransCanada Corp.’s Keystone XL expected to be rejected by the White House in the coming weeks, the start date for TransCanada’s Energy East proposal pushed back to 2020 at the earliest and a marine terminal at Cacouna, Que., cancelled only the $5.4-billion TransMountain expansion (TMX) remains on track for completion in 2018. You know the reasons: Aboriginal pushback, climate change and anti-oil activism, mistrust of corporations and governments, etc.

So, it’s TMX or bust – literally. GRAB THIS STORY

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Alberta’s economy could recover in 2016, ATB’s Todd Hirsch says
Glimmer of hope depends on oil rising to $60, dollar staying weak and other sectors performing well

By CBC News, September 21st., 2015

The worst of the economic downturn could soon be over for Alberta's energy sector, according to the chief economist at ATB Financial.

There are signs the province will rebound enough to see modest growth by the second half of 2016, Todd Hirsch said on the Calgary Eyeopener Monday ahead of his address to the 2016 Economic Outlook presented by Calgary Economic Development and ATB Financial at the BMO Centre.

"So that's the good news, the bad news is that's still probably eight to 12 months away, so we do have a bit of a slog here to get through," he said. READ MORE HERE

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More layoffs anticipated as recession takes hold in Calgary and Alberta

By Mario Toneguzzi, Calgary Herald, September 21st., 2015

More job layoffs are anticipated from now until Christmas as Calgary and Alberta fight through a recession this year, but the Bank of Canada Governor says the economy is able to handle the challenges presented by a volatile resource sector.

Stephen Poloz said resources make up more than a quarter of the Alberta economy and “we’ve had to learn how to deal with large swings in their prices.”

“Any economy that relies on natural resources is naturally going to be challenged by large movements in their prices,” Poloz told a record crowd Monday at the annual 2016 Economic Outlook put on by Calgary Economic Development at the BMO Centre at Stampede Park.

“These shocks are more than just swings in Canada’s national income. They also force businesses to make decisions about the way resources such as their capital and labour are allocated. These decisions often lead to difficult adjustments, but they are necessary for maximizing our economy’s potential.” FOLLOW THIS ARTICLE

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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.

“Knowledge is an unending adventure at the edge of uncertainty.“ - Jacob Bronowski

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

It's no surprise that when an economy is active, salaries are up and so are rents - that’s the exchange you pay in any market. The opposite is true too; the cheapest rents are generally found in areas with depressed incomes. It's a lot harder to pay rent when you don't have a job.... Read Here

Here is a cool urbanist's look at Edmonton - Jump

We panicked with stocks is it time for oil now? They say YES.

My acquaintance is a boilermaker. Something I have vaguely heard of which I always associated with some steampunk thing. Actually he is in a high demand and his salary reflects it. He's in Alberta for a reason.

Got a skilled trade?

Head to Calgary, Edmonton or Saskatoon – that’s where the salaries are going to increase. Recent economic projections show Alberta to be gradually gaining jobs to peak in 2019 and then remain steady into 2030.

Just in time for young children now, to be graduating from high school and entering into the work force. That is good – as there is a big exodus into retirement over the coming years as well. Read More

Maybe I'll become a boilermaker...

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

July 1st. Long Weekend, 2013
Volume 14, Issue 9

Dear Friends and Partners,

Our hearts go out to all the folks affected and displaced by the terrible floods in Southern Alberta.
I've experienced a few disasters from a flooding neighbourhood that had everyone sandbagging the sewer and streams to earthquake support and charity drives overseas.

I'm proud to say that Albertans lead the pack when crisis hits and the 'can-do!' attitude and action is on full throttle. Social media such as Twitter and Facebook proved useful tools, perhaps even life saving tools, in getting information and resources out to those who lost electricity or were displaced in the storm.

Do what you can to help Calgary and surrounding areas out even it it's just buying a donut.

South West Edmonton: Tri-Plex Cashflow Property in Ekota
Turbo charge your portfolio. This is a renovation deal that will add a new suite to the existing two units. Upgraded 1975 built legal duplex property with front and rear entrances to suites. Two units have been upgraded and a third 2 BD suite will be added, using our PPI strategy at purchase time and wrapping renovation costs into mortgage. You'll find 2 X 3BD units and 1 X 2BD unit. Spacious upper units boat new laminate, fixtures and paint. The lower unit to get full kitchen, bathroom, vanity and top of the line flooring. Each unit has en-suite laundry. Each unit has its own parking space. Excellent location in the South West with a short walk to Millwoods Park, malls and minutes to the Anthony Henday and Whitemud highway, Grey Nuns hospital is less than 5 minutes away. Fast access to to all bus routes.

Comes complete with great tenants making this a totally turn-key property for you. Convenient south west area with easy access to transit and downtown. Ekota is an established, sought after neighbourhood in the Millwoods community. 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 Southend.

Purchase price: $545K
Total Investment: $126,611.47K
Your Estimated 5 Year Profit $73,877.93K
Your pre-tax Total ROI is 58% or 12% per year

These 3 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: Little to back up all that racket about U.S. style meltdown in Canada

By Gary Lamphier, Edmonton Journal, June 21st 2013

EDMONTON - Think of it as a battle of nerds.

As slugfests go, it’s pretty tame stuff, to be sure. There will be no Zdeno Chara-style smackdowns in this polite intellectual bunfight. But Paul Krugman’s warning that Canada could be hit with a U.S.-style “deleveraging shock” has unleashed a flurry of counterpunches from Bay Street’s practictioners of the dismal science.

Personally, I think Krugman, a high-profile, Nobel prize-winning economist who also writes for The New York Times, is all wet in this case. But more on that in a moment.

First, let’s recap. On his Times blog last week, Krugman said a recent visit to Toronto to accept an honorary degree got him thinking about Canada (clearly, a rare event in itself for many who reside in The Greatest Nation on Earth, but that’s a topic for another day).

“Famously,” he sniffed, although Canada’s “old-fashioned boring banking system avoided getting caught up in the global financial crisis,” a day of reckoning may be coming, due to high Canadian consumer debt levels and persistently strong housing prices. FOLLOW THIS ARTICLE

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Alberta Economy To Be a Canadian Leader Over Next Two Years

By Mario Toneguzzi, Calgary Herald, June 19th 2013

CALGARY — Alberta’s economy is positioned to grow at the top-end of Canada’s provincial economic growth rankings in 2013 and lead the country in 2014, says a new report released Wednesday by RBC Economics.
The Provincial Outlook forecasts provincial real GDP growth of 3.0 per cent this year, down from 3.8 per cent in 2012, which was the best in Canada. This year’s economic growth in Alberta will be second in the country only to Newfoundland & Labrador’s 6.0 per cent hike.

In 2014, Alberta is forecast to lead the country with growth of 4.2 per cent.

“We expect Alberta’s economic boom to continue largely unabated this year with the majority of indicators so far pointing to rapid growth. Crude oil production is on an upswing, construction activity is rapidly expanding, and, in the second quarter to date, housing starts are at the highest level since early 2008,” said Craig Wright, senior vice-president and chief economist of RBC. “Attractive job prospects continue to be a beacon for workers from outside the province, which has boosted Alberta’s population growth above the three per cent mark for the first time since 2006.” GRAB THIS STORY

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With its entrepreneurial spirit, Alberta is no one-trick hydrocarbon pony

By Todd Hirsch, Globe and Mail Special, June 21st, 2013

Like most Albertans in the 80s, I remember the question that loomed like a nasty storm cloud on the prairie horizon: What happens when we run out of oil? It was a logical question – since oil was finite, it seemed sensible to conclude that we would eventually run out. And then what?
Three decades later, that question has been answered. Alberta will never, ever run out of molecules of oil in the ground. With new technologies that have untapped the oil sands, we now have more potential resources than ever before. There’s no way we will ever run out.

But now even stormier questions bear down on Albertans: What happens if no one wants to buy it at the price we require to dig it up? Or worse, what happens if we can’t pipe it out of here? These uglier realities are creating some worry lines on the brows of the Armani-suited in downtown Calgary. (If nothing else, there should be a good future for plastic surgeons in this city). READ MORE HERE

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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.

"Resilience is accepting your new reality, even if it's less good than the one you had before." -Elizabeth Edwards

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.

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!

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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

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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

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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

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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.

"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.

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

December 1st., 2012
Volume 13, Issue 7

Dear Friends and Partners,

I took part in pretty good workshop last week and here's one of the takeaways I got;
"If you want people to listen to you, listen to them". Simple enough, right? Something good to practice everyday and double time over the holidays.

At this event we were seated in tables of 5. I immediately noticed that my partner for the morning session had a real knack at asking excellent questions and then listening empathetically to the reply. Actually, it really wouldn't have mattered if her questions weren't as good as they were, it was at the quality and depth of her listening.

I asked her what line of work she was in and it turned out that she is a psychologist. Now you don't need to be a psychologist to listen well, but granted she's honed her skills. Nevertheless speaking with her reminded me of the effectiveness asking a few quality questions can bring. The real skill can be found in and waiting, listening and drawing out your partners reply - and not necessarily comment on it, just acknowledging it.

Another useful comment the speaker made was to 'Grow your strengths and manage your weaknesses'. It's a fairly popular adage and also a powerful one, especially when you apply it to the people that you work with, your family and your kids. Have them tell you what they perceive as strengths/weaknesses and then build them up whenever you have the chance. If you have kids you know they will love this exercise and your wife will tell you without asking!

Cashflow King - Great Price Killarny 6 Suiter

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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Alberta Oilsands to Propel Canadian Economy for Next 25-30 Years, Report Says
EDMONTON - Many Canadians don’t realize how vital the Alberta oilsands are to the national economy, and the need for a public dialogue based on facts is critical to the success of the industry, says the co-author of a report by a leading financial advisory firm.

“The oilsands are going to be the economic engine for the country for the foreseeable future, for the next 25 to 30 years, and it is akin to the impact of building the national railway in the 1880s,” said Marc Joiner, a partner at Deloitte in Toronto.

The firm’s report, Gaining Ground in the Sands 2013, outlines 10 obstacles and opportunities and cites the need for a national debate and some kind of unified action and direction, perhaps along the lines of the Canadian energy strategy being promoted by Alberta Premier Alison Redford.

The Deloitte report lists some facts about the oilsands, including the estimated generation of $2.1 trillion in economic benefits over the next 25 years and 905,000 jobs across Canada by 2035. Outside Alberta, about $5 billion each year in supplies and services will be flooding into the province, primarily from B.C., Ontario and Quebec, states the report. GRAB THIS STORY

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Finding Skilled Workers a Tough Job All Over the World, Not Just Alberta

By Gary Lamphier, Edmonton Journal, November 27th 2012

EDMONTON - With the lowest jobless rate and the fastest-growing economy in Canada, Alberta is again grappling with labour shortages.
The situation isn’t yet as severe as it was at the height of the last boom, but if existing trends persist, a repeat of 2006-2007 may be just a year or two away.

Which is why Alberta government and business leaders have spent the past year pounding the table, warning of a looming shortage of more than 100,000 workers by 2020.

What is less well known, however, is that Alberta’s labour challenges are hardly unique. If anything, the global competition for qualified workers will get far tougher in the years ahead. FOLLOW THIS ARTICLE

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Calgary Top Real Estate Investment Market in Canada, Edmonton Ranked Second

By Mario Toneguzzi, Calgary Herald, November 12th 2012

CALGARY — Calgary has been ranked as the top real estate investment market in the country followed by Edmonton by the Real Estate Investment Network Ltd.
In its Top Alberta Investment Towns report, REIN said that Alberta’s economy has come out on top after a few years of economic turbulence.

The report identifies towns and regions poised to outperform other regions of the province over the next three to five years.

And none is better than Calgary.

“After a couple of roller-coaster years, Calgary is back on a roll. The return of jobs to the city, as well as greatly reduced office vacancy rates show us that the city’s short slump has come to an end,” said the report. “Recording a GDP growth of three per cent in 2011, and one of the lowest unemployment rates in the country, it’s no wonder Calgary is sitting as one of the top places in North America for property investors. When you combine the economic fundamentals, the population growth, and a burgeoning provincial economy, it is easy to see why so many businesses and people have come to call the city home. READ MORE HERE

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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.

"Hard times arouse an instinctive desire for authenticity." -Coco Chanel

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.

This
"Since the end of 2009, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC) all have made substantial investments in the Canadian energy sector with a particular focus on the Alberta oil sands development. The China Investment Corporation - a $300 billion sovereign wealth fund - opened its first overseas office in Canada early this year and chose Canada for its only energy sector equity investment..."

And This

"These fast-paced investment activities have occurred against the backdrop of a sustained high energy demand forecast from China in the coming years and sluggish prospects for economic recovery in the United States."

Bode well for Alberta.

China isn't the only foreign investor into Alberta but their economic growth and the first $15 Billion is certainly a great start. Read More Here

To read Alberta's economic snapshot for the week of September 17, 2011 GO HERE

3.7% hike forecast for this year

"CALGARY — Alberta is positioned as one of Canada’s provincial leaders in growth, according to the latest RBC Economics Provincial Outlook report released Monday.
The provincial economy is set to grow at a rate of 3.7 per cent in 2011 and 3.9 per cent in 2012, said RBC. Both years Alberta will be second overall in the country behind nation-leading Saskatchewan’s growth rates of 4.3 per cent this year and 4.1 per cent next year. "

This has had a positive impact on employment, as more than 77,000 jobs were added to the Alberta economy in the first eight months of this year, which was the strongest gain ever recorded over this period in the province.” That's like adding two Moose Jaw Saskatchewan cities to the population at the beginning of the year! One of the major headaches the oil patch is struggling with now is employment - not having enough people. With varied hiring tactics, the energy sector hopes to diminish the approaching labour crunch - let's hope they succeed."

Read More Here

Cage Match - Ethical Oil vs Enviro Disaster Bringers - "The event was a reprise of sorts of the recent throw-down in Calgary between Levant and Andrew Nikiforuk, author of "Tar Sands: Dirty Oil and the Future of a Continent."

The writer of this article is clearly on the side of the Enviro Disaster Bringers, and admits it. I feel for Ezra Levant yet see his willingness to go and speak in a clearly hostile environment a growing trend amongst oil sands supporters.

Oil Wealth cushions Alberta from soaring loonie - "Alberta's oil wealth is somewhat cushioning the provincial economy against the hard knocks from a soaring loonie, but 2011 will still be a slow ride, says the head of Export Development Canada."

The global demand for oil is down thus limiting the growth that Alberta will experience. Even so our oil wealth will help us make it through the slightly bumpy ride 2011 is showing to be. Alberta's only limit is demand and when demand increases - from China and other growing economies so will our economic health.

This means we can repeat our real estate cycle of buying in the current low market (winter is the best for deals) and sell when the global economy ramps up.

More production means more jobs means higher incomes means more spending! In the end it all means rents increase and so do property values. Great if you own rental real estate - so why don't you again? Click here to fix that!

"While we have emerged from the recession in a very strong financial position, we are seeing that impact on the current production levels,"

Husky CEO Asim Ghosh

"Husky said it expects its 2010 production will be between 285,000 and 295,000 barrels of oil equivalent per day. That's a cut from an earlier estimate of 306,000 to 330,000 barrels.

Ghosh said Husky is looking to grow its "bread and butter" operations in Western Canadian heavy oil and is open to strategic acquisitions that would fit well with what it already has.

"You won't see us going off to Afghanistan or offshore India," Read More

Check out our updated Why Alberta page. One easy location to get all your Alberta economic, housing and forecast information.

All new pdfs from 2009 and and as recent as January 2010!

"Alberta is blessed with an abundance of natural resources—agriculture, energy, forestry— which have formed the foundation of our province's thriving economy. The Alberta government has built on these strengths by creating an economic plan that can withstand market and resource volatility. The government has also created a positive business climate by developing a competitive tax system, encouraging investment, and empowering Alberta businesses to compete around the globe. The result is one of the world's most vibrant and competitive economies." March 2009