Edmonton Green and Growing

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
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May 1st., 2016
Volume 20, Issue 8

Dear Friends and Partners,

Edmonton is green again. I don’t mean all the talk of diversifying into green energy, I mean spring!

 It has sprung around our city and we’re seeing lots of activity with construction. Several of our target mature neighbourhoods, are seeing prep-work for new sidewalks, roads repaved and even streetlights put in. There are lots of new builds up in Ritchie, Bonnie Doon and Westmount.

We’ve got roads being widened for LRT expansion and all to the backdrop of the arena and towers going up. Yes, there’s a fog of (legitimate) gloom that you have to peer through to see all that, but it’s happening. The grass still grows and the sun still shines. The strategy is to play a 'longterm game' at this point.


Forest Heights: Side by Side, 4-Unit. 2 Blocks from future LRT + Cashflow

Great area, non-conforming 4-plex (side by side duplex style) is 7 minutes to downtown; in the heart of Forest Heights.This property can apply for legal suite zoning and upgrades to make legal.

This is property is in good shape and can have upgrades done using a PPI strategy to add legal suites and upgrades. 1957 built, new roof, windows, kitchen and laundry.

Terrific access to local amenities in sought after Forest Heights. Includes a double garage, pad and large lot. Purchase price includes reserve fund and small renovations included into mortgage, to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Forest Heights.

Comes complete with great tenants making this a totally turn-key property for you.  Forest Heights is a mature neighbourhood that is convenient for tenants working downtown and attending UOA. 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 includes $10K in renovations.
Purchase price: $705,000
Total Investment: $156,930
Your Estimated 5 Year Profit $101,310
Your pre-tax Total ROI is 65% or 13% 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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Edmonton mayor seeks to make city a leader in health innovation

By Justin Giovannetti, Globe and Mail, April 25th., 2016

Mayor Don Iveson said Edmonton’s economy is due for a rebranding as he unveiled plans Monday to market the struggling city as Canada’s hub for health innovation.

With 250 health-science companies already based in Edmonton, many of them startups, the new marketing strategy doesn’t come with public investment attached. Instead, Mr. Iveson says all the pieces are already there, including a world-class university, a large provincial investment fund and a group of young entrepreneurs. READ MORE HERE 

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Why Trudeau must approve one of these pipelines

By Campbell Clark, The Globe and Mail, April 28th, 2016

This was supposed to be the political bargain: a pipeline to tidewater in exchange for a climate-change plan. Both Justin Trudeau and Rachel Notley sold that deal to voters.

There were always two problems with it. One was that not everyone who supported the politicians bought both sides of the bargain: Many environmentalists, for example, never accepted the pipeline. The other was that opposition to each pipeline is as much about local objections as greenhouse gas emissions, so Mr. Trudeau must spend political capital to deliver one. And the question is where it will cost the most – in B.C. or Quebec?  GRAB THIS ARTICLE


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Edmonton's Real Estate Market Will Love The Oilers’ Move To Roger’s Place

 By Wayne Karl, Huffington Post, April 7th, 2016

The NHL's Edmonton Oilers played their last game at Rexall Place on Wednesday night, and will head over to the $480-million Rogers Place in the fall. Real estate values -- as well as Oilers fans -- will love the move.

The common belief that new arenas and sports stadiums are slam-dunk wins for their billionaire owners and millionaire players, but big fat goose eggs for the local economy... Well, that could be dead wrong. A report not only suggests the opposite, but says such projects actually boost surrounding real estate values. FOLLOW THIS STORY

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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.”  -Bo Bennett

Warm Regards,

Todd and Danielle Millar

Two exciting developments for Edmonton

Agreement for Edmonton arena passed by council -
"It's 100 per cent. A deal is done. Council's approved it," Mandel said at a news conference afterwards. "But I'm ...absolutely confident that we will go ahead and at some point in time all of us will go to a new arena with great pride."
"It's spectacular. It'll be the nicest, most dynamic arena you've ever been to. It'll be cool."

The arena is coming amid mixed feelings. Lots of comments about not wanting tax dollars to go to this venture. Read Here

Hawrelak Park Lake to get $1.3M upgrade for triatholon bid - "The lake will get drained and all the sediment that's built up since '99 will be removed and there'll be a channel that will be 20 metres wide over the swim course that will be deepened,” Sheila O’Kelly with the Edmonton Triathlon Academy Read more


A swimable lake in the middle of Edmonton sounds like a good idea to me!

I'll drink to that!

Edmonton could earn more than $6.5 million a year in property taxes, which would help pay off the debt it would incur if it covered one-third of the cost of a downtown arena, city administrators told council Wednesday.

Mayor Stephen Mandel said councillors need to make up their minds to ink or tear up the deal within a month. "It's enough already. I think we're going around too many circles and let's make a decision."

Anthony Hendlay construction (5 year project), Upgrader in Fort Saskatchewan (3-5 year project), Proposed downtown bridge (3 yrs?), Various LRTs and of course don't forget the possibility of a new arena. Even during the recession Edmonton continued with infrastructure but has certainly stepped up the pace now. I think a new arena will vitalize the downtown area, but isn't necessary. Built with private money... I like that idea too.

Here on the South Side there is another interesting project in the works and that is transforming the old Molson brewery into character town-homes with a mix of commercial business and restaurant space. Great idea. I can't wait to see that. Lots of building = strong economy.

Spending now to save later.

There has been a lot of money changing hands this month in Edmonton. It is all good stuff too, which you can read about in the links below.
A new conference and exposition center, community health facility (a really BIG one) and a ramp up in infrastructure to name a few.

All of that creates strong short and long term jobs, which are great for kick-starting the economy.
The oilsands deal with China is pretty impressive to boot. I wouldn't say it pulls us out of a recession yet, but you can read the articles and decide for yourself.

Recession is over, says economist
By Mario Toneguzzi, Calgary Herald, September 12, 2009
Rising commodity prices will fuel modest economic growth in Alberta in the next two years as demand for energy grows in the world's emerging markets, says a national economist. Canada's recession is over and the country will lead all G-7 peers in economic growth next year, paced by Alberta's strong energy sector, said Benjamin Tal, senior economist with CIBC World Markets Inc.