Calgary may see a decade long recover to the floods over the last few weeks. It's terrible. I'm sure as evacuees slowly start to return home the damage may seem insurmountable.
Last year we had flooding in Edmonton after particularly heavy rain and thunder storms. One house on my street got struck by lightening and burnt to the ground. They've just started building the new foundation this summer.
One of our Millwoods places had $10k in damage. The City Flood Assistance program helped financially with the damage but there is always costs that aren't covered. Luckily I have a pretty sold reno team.
Repair costs are debilitating but there are time costs - lost rental time and nevermind lost sleep!
I wonder if this kind of flooding must be disclosed at sale too? That would also equate to lost property value in the future.....
Tuesday, June 25, 2013
Monday, June 24, 2013
Ending homelessness now - Edmonton
I'm very happy to hear that nearly halfway through Edmonton's 10 year plan to end homelessness the city is seeing remarkable results - the best in Canada.
"An early adopter of a Ten Year Plan to End Homelessness and a strong advocate of the Housing First approach, Edmonton moved aggressively to reduce homelessness,” “It has shown the strongest results for a large city in Canada, with a 30-per-cent reduction in overall homelessness since 2008.” Canadian Homelessness Research Network
Learn more about the Edmonton Homeless Commission here.
We often donate goods that help set up housing for homeless. Couches, microwaves, dishes dressers etc it's all useful and every bit helps.
"An early adopter of a Ten Year Plan to End Homelessness and a strong advocate of the Housing First approach, Edmonton moved aggressively to reduce homelessness,” “It has shown the strongest results for a large city in Canada, with a 30-per-cent reduction in overall homelessness since 2008.” Canadian Homelessness Research Network
Learn more about the Edmonton Homeless Commission here.
We often donate goods that help set up housing for homeless. Couches, microwaves, dishes dressers etc it's all useful and every bit helps.
Saturday, June 15, 2013
Like Fish in Water
"Two young fish are swimming along. And they happen to meet an older fish who is swimming the other way. He nods at them and says, "Morning boys, how's the water?" And the two young fish swim on for a bit. And then eventually one of them looks over at the other and goes, "What the hell is water?"
The point of this story is merely that the most obvious, important realities are often the ones that are hardest to see and talk about.
These are the words of David Foster Wallace and they are very relevant if you are a coach, consultant, speaker or teacher because you live in a noisy world."
Ritch Litvin wrote that bit and it's the intro for Steve Chandler's mentor program.
You've heard me talk about Steve before, because he IS awesome. Anyway, the quote is good and always relevant; we often have to stop or are stopped to notice what is around us. It could be how good (or how bad) we've got it, how the economy is, the city, the kids... it goes on and on.
Stop and observe today.
South Central Edmonton - Four Plex Cash Flow 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!
=========================
China Looks to 'Deepen' Energy Ties with Canada: Zhang Junsai
By Jeff Lewis, Financial Post, May 30th 2013
CALGARY — China is counting on “breakthroughs in energy trade” with Canada to help fuel economic growth in the world’s most populous country, one of the country’s top diplomats said Thursday.
Speaking to a Calgary business crowd, Zhang Junsai, China’s ambassador to Canada, said his country is prepared to “deepen” ties with Canada on infrastructure development to help move the country’s oil and natural gas to the West Coast for export.
China’s state-backed energy companies “are watching the development of infrastructure, including pipelines of oil, pipelines of gas,” he said, addressing a question from the floor. So long as there are no political obstacles, “definitely they will come and invest into that.” FOLLOW THIS ARTICLE
===============
Media Tycoon David Black's Kitimat Oil Refinery Gets Chinese Backing
By Claudia Cattaneo, Financial Post, May 18th 2013
CALGARY • British Columbia newspaper publisher David Black said China’s largest bank has agreed to provide financial backing for his proposed Kitimat-based heavy oil refinery.
The refinery would cost $25-billion to build and all its output would be sold to Asian markets, Mr. Black said in a statement Thursday.
Mr. Black’s company, Kitimat Clean Ltd., and the Industrial and Commercial Bank of China (ICBC) signed a memorandum of understanding in which ICBC agreed to be the refinery’s Chinese financial advisor and cooperate in financing it and associated pipelines. GRAB THIS STORY
===============
Alberta Business Owners Upbeat Over Prospects of Growth
40% Expect Province's Economy to Improve
By Mario Toneguzzi, Calgary Herald, May 31st, 2013
CALGARY — Alberta business owners are upbeat about their province’s prospects for growth, says a survey released Friday by BMO.
The survey, conducted by Pollara, said 19 per cent of Alberta business owners cite the strength of the local economy as the main advantage to doing business in Alberta; 15 per cent see taxes, which are low and stable and have helped support economic growth, as beneficial; and natural resources are cited by 11 per cent as a key aspect of the province’s competitive edge.
“The recurring theme in Alberta among business owners remains a real sense of optimism, both for the major cities of Calgary and Edmonton and the province as a whole,” said Mike Darling, vice-president of commercial banking for BMO Bank of Montreal. “This sentiment is largely driven by the oil and gas sector, which has seen expansion and growth across many areas of the industry.” 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.
"The key to immortality is first living a life worth remembering." -Bruce Lee
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.
The point of this story is merely that the most obvious, important realities are often the ones that are hardest to see and talk about.
These are the words of David Foster Wallace and they are very relevant if you are a coach, consultant, speaker or teacher because you live in a noisy world."
Ritch Litvin wrote that bit and it's the intro for Steve Chandler's mentor program.
You've heard me talk about Steve before, because he IS awesome. Anyway, the quote is good and always relevant; we often have to stop or are stopped to notice what is around us. It could be how good (or how bad) we've got it, how the economy is, the city, the kids... it goes on and on.
Stop and observe today.
South Central Edmonton - Four Plex Cash Flow Property in Forest Heights
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!
=========================
China Looks to 'Deepen' Energy Ties with Canada: Zhang Junsai
By Jeff Lewis, Financial Post, May 30th 2013
CALGARY — China is counting on “breakthroughs in energy trade” with Canada to help fuel economic growth in the world’s most populous country, one of the country’s top diplomats said Thursday.
Speaking to a Calgary business crowd, Zhang Junsai, China’s ambassador to Canada, said his country is prepared to “deepen” ties with Canada on infrastructure development to help move the country’s oil and natural gas to the West Coast for export.
China’s state-backed energy companies “are watching the development of infrastructure, including pipelines of oil, pipelines of gas,” he said, addressing a question from the floor. So long as there are no political obstacles, “definitely they will come and invest into that.” FOLLOW THIS ARTICLE
===============
Media Tycoon David Black's Kitimat Oil Refinery Gets Chinese Backing
By Claudia Cattaneo, Financial Post, May 18th 2013
CALGARY • British Columbia newspaper publisher David Black said China’s largest bank has agreed to provide financial backing for his proposed Kitimat-based heavy oil refinery.
The refinery would cost $25-billion to build and all its output would be sold to Asian markets, Mr. Black said in a statement Thursday.
Mr. Black’s company, Kitimat Clean Ltd., and the Industrial and Commercial Bank of China (ICBC) signed a memorandum of understanding in which ICBC agreed to be the refinery’s Chinese financial advisor and cooperate in financing it and associated pipelines. GRAB THIS STORY
===============
Alberta Business Owners Upbeat Over Prospects of Growth
40% Expect Province's Economy to Improve
By Mario Toneguzzi, Calgary Herald, May 31st, 2013
CALGARY — Alberta business owners are upbeat about their province’s prospects for growth, says a survey released Friday by BMO.
The survey, conducted by Pollara, said 19 per cent of Alberta business owners cite the strength of the local economy as the main advantage to doing business in Alberta; 15 per cent see taxes, which are low and stable and have helped support economic growth, as beneficial; and natural resources are cited by 11 per cent as a key aspect of the province’s competitive edge.
“The recurring theme in Alberta among business owners remains a real sense of optimism, both for the major cities of Calgary and Edmonton and the province as a whole,” said Mike Darling, vice-president of commercial banking for BMO Bank of Montreal. “This sentiment is largely driven by the oil and gas sector, which has seen expansion and growth across many areas of the industry.” 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.
"The key to immortality is first living a life worth remembering." -Bruce Lee
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.
Friday, June 14, 2013
And you thought your property taxes were high....
This luxurious condo in Vancouver sold for $25M . They new owners can look forward to $68,000 per year for property tax and $4200 monthly in condo fees.
You can also look at the listing Realtor's website lots of Real Estate eye candy here! Jump
You can also look at the listing Realtor's website lots of Real Estate eye candy here! Jump
Monday, June 10, 2013
Go Japan!
Very happy to see this article on "Abenomics" Japan has had so many set backs yet they are so innovative and resilient. Hopefully Prime Minister Abe second term can bring back Japan's economy after it's 20 year slump. I'm always on team Japan. Jump
China's very very audacious questioning of Okinawa's ownership is outrageous! I have to say that my favorite Prime Minister will always be Koizumi.
China's very very audacious questioning of Okinawa's ownership is outrageous! I have to say that my favorite Prime Minister will always be Koizumi.
Monday, June 03, 2013
Mortgage rates to rise - Peter Kinch
Peter Kinch, one of Canada's leading mortgage lenders, thinks that some fixed mortgage rates are on the rise.
"Say what? How can rates be rising when the media keeps telling us that there won't be a change in rates until 2014?
Well the media is talking about the Bank of Canada Prime Lending Rate and yes, there is no change there - But that doesn't mean that there won't be a change in the 5 year fixed rates.
Fixed rates are governed by the BOND YIELDS - and they have jumped up significantly. As the bond yield goes up - so too does the long term fixed rate.
Translation: Look for a jump in the 5, 7 and 10 year rates over the next 72 hours" Watch his video blog HERE
What does this mean for you? Lock in to one of these products now with your lender if you have a property in your sights. It's such a simple step to avoid decreased cashflow. We are locking into 10 year rates now on select properties.
"Say what? How can rates be rising when the media keeps telling us that there won't be a change in rates until 2014?
Well the media is talking about the Bank of Canada Prime Lending Rate and yes, there is no change there - But that doesn't mean that there won't be a change in the 5 year fixed rates.
Fixed rates are governed by the BOND YIELDS - and they have jumped up significantly. As the bond yield goes up - so too does the long term fixed rate.
Translation: Look for a jump in the 5, 7 and 10 year rates over the next 72 hours" Watch his video blog HERE
What does this mean for you? Lock in to one of these products now with your lender if you have a property in your sights. It's such a simple step to avoid decreased cashflow. We are locking into 10 year rates now on select properties.
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.
Monday, May 27, 2013
Alberta still has work to do
Although we rank high out of resource rich jurisdictions, a lofty 7 out of 58 regions, we still have to work on environmental assessments, royalties distribution and management of the Heritage Trust Fund are keeping us from really soaring.
"Andrew Bauer, economic analyst with Revenue Watch, said Alberta is “doing really well” but royalties and environmental assessments are in need of improvement.
“These resources belong to the citizens, and the question is always: How do you split the profits between companies who are doing the extraction and the government that owns the resources on behalf of the citizens?
“Alberta receives a very low share of resource rents relative to other oil- and mineral-rich jurisdictions,” Bauer said. “The discussion around how much Alberta gets and how much Alberta should get, it’s just not happening.”
Jump to read more
In other news
Clark and Redford about to thaw - will the two premiers come to some agreement on the Gateway Pipeline? Read More
Alberta power prices set for summer spikes - are you ready for a big price hike? These kinds of fluctuations in utilities can affect cash-flow if you include utilities in your rent. Jump here
"Andrew Bauer, economic analyst with Revenue Watch, said Alberta is “doing really well” but royalties and environmental assessments are in need of improvement.
“These resources belong to the citizens, and the question is always: How do you split the profits between companies who are doing the extraction and the government that owns the resources on behalf of the citizens?
“Alberta receives a very low share of resource rents relative to other oil- and mineral-rich jurisdictions,” Bauer said. “The discussion around how much Alberta gets and how much Alberta should get, it’s just not happening.”
Jump to read more
In other news
Clark and Redford about to thaw - will the two premiers come to some agreement on the Gateway Pipeline? Read More
Alberta power prices set for summer spikes - are you ready for a big price hike? These kinds of fluctuations in utilities can affect cash-flow if you include utilities in your rent. Jump here
Tuesday, May 21, 2013
Steve Chandler - Free Gift Madness
"Steve Chandler is now the author of 30 books that have been translated into over 25 languages. His personal success coaching, public speaking and business consulting have been used by CEOs, top professionals, major universities, and over 30 Fortune 500 companies. He has twice won the national Audio of the Year award from King Features Syndicate. A popular guest on TV and radio talk shows, Steve Chandler has recently been called "the most powerful public speaker in America today."
Right now if you sign up for his newsletter you can get some amazing ebooks and a couple of webinars. It's a pretty great deal!
Take a look at his BLOG
Follow this link to get the goods GO
Tuesday, May 14, 2013
Love him or loathe him...
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
May 14th., 2013
Volume 14, Issue 6
Dear Friends and Partners,
Like him or hate him, Kevin O'Leary delivers some sage advice in his interview below, be certain to read it!
Spring has sprung and with it lots of activity in the housing market. Lots of new listings and for homes that are well prices ($300K-$340K) are selling fast. Townhouses continue to lag in pricing and multifamily are selling fast and for higher prices than last fall.
I have seen tax assessments jump a $100K for small multifamily in target areas - good for what you're holding, bad for what you want to buy.
Get positioned now as there are still bargains out there.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 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 east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. 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: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% 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!
=========================
Lamphier: From the Dragon's mouth: Kevin O'Leary talks oil, government and the Chinese economy
By Gary Lamphier, Edmonton Journal, May 2nd 2013
EDMONTON - He’s the flinty, blunt-spoken star of two hit TV shows: CBC’s Dragons' Den and ABC’s Shark Tank.
Along with business journalist Amanda Lang — whom he calls “the best-looking communist on television” — he also co-hosts CBC’s daily Lang & O’Leary Exchange.
Love him or loathe him — and there are plenty of folks in the latter camp — Kevin O’Leary’s snarling mug is everywhere these days.
Like hockey loudmouth Don Cherry or real estate mogul Donald Trump, O’Leary’s bombastic, in-your-face style has earned him a kind of cult celebrity status.
The founder of The Learning Co., which he sold to Mattel for nearly $4 billion in 1999, O’Leary chairs a billion-dollar mutual fund empire (O’Leary Funds), boasts his own line of award-winning wines (O’Leary Fine Wines), and is the best-selling author of The Cold Hard Truth on Men, Women & Money. FOLLOW THIS ARTICLE
===============
Alberta Forecast to Lead Economic Growth in 2014
By Mario Toneguzzi, Calgary Herald, April 30th 2013
Alberta's economy will be second to Newfoundland & Labrabor in terms of 2013 growth before leading the country next year, according to a new RBC Economics forecast.
It said Alberta's real growth domestic product will increase 3 per cent this year, with Newfoundland and Labrador at 5.1 per cent. Nationally, growth is forecast to be 1.8 per cent.
The RBC report says Alberta will best all provinces in 2014 with real GDP growth of 4.2 per cent.
Statistics Canada last week said Alberta, for a second straight year, led the country with growth of 3.9 per cent in 2012, compared with 1.8 per cent across the country. GRAB THIS STORY
===============
International Price Gap for Heavy Oil a Wasted Opportunity for Alberta
By Shawn McCarthy, Globe and Mail, May 2nd 2013
Heavy oil producers are receiving top dollar in international markets, even as Alberta oil sands producers face ongoing frustration in trying to reach the refiners who are eager to process their diluted bitumen.
Petroleos Mexicanos (Pemex) competes with Canadian heavy oil producers in the Gulf of Mexico, and its heavy Mayan crude is currently priced at $96 (U.S.) a barrel, $5 more than the trendsetting light crude, West Texas Intermediate, and nearly $30 more than Canadian heavy crude was fetching in the North American futures market. GRAB THIS STORY
===============
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.
"The life of every man is a diary in which he means to write one story, and writes another." -James Matthew Barrie
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
May 14th., 2013
Volume 14, Issue 6
Dear Friends and Partners,
Like him or hate him, Kevin O'Leary delivers some sage advice in his interview below, be certain to read it!
Spring has sprung and with it lots of activity in the housing market. Lots of new listings and for homes that are well prices ($300K-$340K) are selling fast. Townhouses continue to lag in pricing and multifamily are selling fast and for higher prices than last fall.
I have seen tax assessments jump a $100K for small multifamily in target areas - good for what you're holding, bad for what you want to buy.
Get positioned now as there are still bargains out there.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 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 east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. 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: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% 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!
=========================
Lamphier: From the Dragon's mouth: Kevin O'Leary talks oil, government and the Chinese economy
By Gary Lamphier, Edmonton Journal, May 2nd 2013
EDMONTON - He’s the flinty, blunt-spoken star of two hit TV shows: CBC’s Dragons' Den and ABC’s Shark Tank.
Along with business journalist Amanda Lang — whom he calls “the best-looking communist on television” — he also co-hosts CBC’s daily Lang & O’Leary Exchange.
Love him or loathe him — and there are plenty of folks in the latter camp — Kevin O’Leary’s snarling mug is everywhere these days.
Like hockey loudmouth Don Cherry or real estate mogul Donald Trump, O’Leary’s bombastic, in-your-face style has earned him a kind of cult celebrity status.
The founder of The Learning Co., which he sold to Mattel for nearly $4 billion in 1999, O’Leary chairs a billion-dollar mutual fund empire (O’Leary Funds), boasts his own line of award-winning wines (O’Leary Fine Wines), and is the best-selling author of The Cold Hard Truth on Men, Women & Money. FOLLOW THIS ARTICLE
===============
Alberta Forecast to Lead Economic Growth in 2014
By Mario Toneguzzi, Calgary Herald, April 30th 2013
Alberta's economy will be second to Newfoundland & Labrabor in terms of 2013 growth before leading the country next year, according to a new RBC Economics forecast.
It said Alberta's real growth domestic product will increase 3 per cent this year, with Newfoundland and Labrador at 5.1 per cent. Nationally, growth is forecast to be 1.8 per cent.
The RBC report says Alberta will best all provinces in 2014 with real GDP growth of 4.2 per cent.
Statistics Canada last week said Alberta, for a second straight year, led the country with growth of 3.9 per cent in 2012, compared with 1.8 per cent across the country. GRAB THIS STORY
===============
International Price Gap for Heavy Oil a Wasted Opportunity for Alberta
By Shawn McCarthy, Globe and Mail, May 2nd 2013
Heavy oil producers are receiving top dollar in international markets, even as Alberta oil sands producers face ongoing frustration in trying to reach the refiners who are eager to process their diluted bitumen.
Petroleos Mexicanos (Pemex) competes with Canadian heavy oil producers in the Gulf of Mexico, and its heavy Mayan crude is currently priced at $96 (U.S.) a barrel, $5 more than the trendsetting light crude, West Texas Intermediate, and nearly $30 more than Canadian heavy crude was fetching in the North American futures market. GRAB THIS STORY
===============
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.
"The life of every man is a diary in which he means to write one story, and writes another." -James Matthew Barrie
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 30, 2013
Drivers get ready
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
May 1st., 2013
Volume 14, Issue 6
Dear Friends and Partners,
As we dip into Q2 its like a touch of spring optimism with the occasional chill of winter caution. You can see some interesting developments in Northern BC and Western Alberta in regards to Suncore's sale of their conventional gas play to two U.K. based companies. I see this as a very positive sign for Suncore to redeploy this capital (along with the cancelled Voyageur upgrader) to the proposed Kitimat LNG port.
I also think that Centrica and Qatar will be keen to develop (and export) their newly acquired fields. Gas has taken a beating the past few years peaking at $14 BTU and wallowing at $2 BTU but is trading near $4.20 at the time of writing. Although most drillers want to see north of $6 to drill more, we're heading in the right direction.
Many of the economic drivers we research are lined up. Where the market seems to waiver is in confidence of which direction the global market will turn. Overall - we're sailing with a strong wind behind us.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 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 east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. 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: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% 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!
=========================
Centrica, Qatar Buy Suncor's Gas Fields for $1 Billion
By Brian Swint and Nidaa Bakhsh, Bloomberg, April 15th 2013
Centrica Plc (CNA) and state-run Qatar Petroleum agreed to buy natural gas fields from Canada’s Suncor Energy Inc. (SU) for C$1 billion ($981 million) as the largest U.K. household-energy company seeks added supplies for North American customers.
The assets, mostly in southern and central Alberta, will be operated by Centrica and produce about 250 million cubic feet of gas a day this year, the company said in a statement today. Centrica will own 60 percent and Qatar Petroleum International 40 percent. The deal is Qatar Petroleum’s first investment in an overseas gas field and the first by the two companies under a cooperation accord signed in December 2011.
“The acquisition provides attractive returns in a region we know well, and significantly increases the size and quality of our portfolio,” Sam Laidlaw, chief executive officer of Windsor-based Centrica, said in the statement. With the prospect to develop another 1 million acres, it has “the potential to improve returns further.” FOLLOW THIS ARTICLE
===============
Will Eastern Oil Pipelines Lead to Lower Prices at the Pump for Canadians?
By Lauren Krugel, Globe and Mail, April 19th 2013
The Conservatives in Ottawa are staunch supporters, the New Democrats have called it a “win-win-win” and the premiers of Alberta and New Brunswick have loudly touted the benefits of an oil pipeline from west to east.
But the degree to which Eastern consumers will benefit at the pump is unclear, as it’s up to the pipeline’s customers – oil producers at one end and refineries at the other – to determine which barrels go where.
“One thing that I’ve learned over the years is the market will do what the market will do and it’s difficult to predict beforehand,” said Geoff Hill, oil and gas sector leader at Deloitte Canada.
The crude could flow to Eastern refineries clamoring for cheaper domestic supplies. Or, offshore buyers may drink it up. Most likely, it will be a combination of both. READ MORE HERE
===============
Energy Firms Want More Oil and Natural Gas Processing in Alberta
More oil and natural gas processing in Alberta could bring in an extra $600 million
By Beacon Reporter, Beacon News, April 17th 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
A new report says Alberta could take in an extra $600 million in annual revenue if there was more oil and natural gas processing in Alberta.
The report says processing locally instead of shipping raw to other jurisdictions could increase the province’s gross domestic product (GDP) by $6 billion a year, creating 18,000 new jobs that pay $1.8 billion a year in salaries.
The paper by a University of Calgary economist was commissioned by municipalities and energy companies in the Edmonton region known as Alberta’s Industrial Heartland Association. GRAB THIS STORY
===============
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.
"It's never crowded along the extra mile." -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.
Thursday, April 18, 2013
Edmonton a history in Pictures
 |
| from i65photobucket.com |
You can vote and have a say on what historical pictures of Edmonton go into a calendar they are making (not sure for when I think 2014).
Some are so interesting as you can see huge changes to familiar areas now. The comments are also enlightening hearing from people who these pictures spark memories of events from their lives.
Check it out! Vintage Edmonton
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
Monday, April 15, 2013
The Rabbit and The Crow
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
April 15th., 2013
Volume 14, Issue 5
Dear Friends and Partners,
A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not." So, the rabbit sat on the ground below the crow, and rested. All of a sudden a fox appeared, jumped on the rabbit, and ate it.
Management Lesson:
To be sitting and doing nothing, you must be sitting very, very high up.
I was reminded of this parable while watching my two sons play; I watch my older son do things that immediately are copied by the 17 month old with completely different and often disastrous results. Such is life.
It reminds me to keep me that what others are doing isn't necessarily good for me. I have to weigh every choice that comes my way and determine it's future effect on my portfolio/life/waistline.
If only that rabbit had weighed his options just a little longer...
South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. 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 south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
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!
===============
Momentum Builds for Alberta Oil Pipeline to East Coast TransCanada asks producers to sign take-or-pay contracts
By Dan Healing, Calgary Herald, April 2nd 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
Calgary-based TransCanada Corp. — the energy transporter trying to build the Keystone XL pipeline to Texas — announced it will hold a binding open season on its proposed Energy East Pipeline to gauge shipper support.
The project, estimated to cost between $5 billion and $6 billion, would involve converting part of its existing west-to-east natural gas Mainline to carry oil from Alberta to Quebec, with a new extension to the port city of Saint John, N.B., where it would be able to access export markets where oil currently fetches higher prices. GRAB THIS STORY
===============
The Oil Sands are an Amazing Story Canada's Not Telling
By Todd Babiak, Globe and Mail, March 1st 2013
How Green Was My Valley, the novel by Welsh writer Richard Llewellyn, is about a young man born into a village of black air, of strikes, of deadly explosions. At the end, you’re keen to accompany the hero, Huw Morgan, out of the coal mines.
More than 50 years earlier, Émile Zola had come to similar conclusions in Germinal.
The novelists and filmmakers who adapted these two works for cinema focused on people – particularly the miners. They were sad, happy, passionate, defeated, pure, compromised, creative, dull, intelligent, stupid.
That is, alive. FOLLOW THIS ARTICLE
===============
Alberta's Bold Plan to Cut Emissions Stuns Ottawa and Oil Industry
By Shawn McCarthy and Nathan Vanderklippe, Globe and Mail, April 4th 2013
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
Alberta Environment Minister Diana McQueen stunned a recent meeting in Calgary attended by senior oil executives and her federal counterpart, Peter Kent, with the proposal, which goes well beyond anything Ottawa or the companies contemplated, industry and government sources said Wednesday.
The three sides are engaged in intense negotiations, with the industry warning that regulations that are too onerous could undermine the competitiveness of the oil sands sector as it seeks international investment to drive production growth. 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.
"Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner." -Les Brown
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
April 15th., 2013
Volume 14, Issue 5
Dear Friends and Partners,
A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not." So, the rabbit sat on the ground below the crow, and rested. All of a sudden a fox appeared, jumped on the rabbit, and ate it.
Management Lesson:
To be sitting and doing nothing, you must be sitting very, very high up.
I was reminded of this parable while watching my two sons play; I watch my older son do things that immediately are copied by the 17 month old with completely different and often disastrous results. Such is life.
It reminds me to keep me that what others are doing isn't necessarily good for me. I have to weigh every choice that comes my way and determine it's future effect on my portfolio/life/waistline.
If only that rabbit had weighed his options just a little longer...
South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. 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 south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
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!
===============
Momentum Builds for Alberta Oil Pipeline to East Coast TransCanada asks producers to sign take-or-pay contracts
By Dan Healing, Calgary Herald, April 2nd 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
Calgary-based TransCanada Corp. — the energy transporter trying to build the Keystone XL pipeline to Texas — announced it will hold a binding open season on its proposed Energy East Pipeline to gauge shipper support.
The project, estimated to cost between $5 billion and $6 billion, would involve converting part of its existing west-to-east natural gas Mainline to carry oil from Alberta to Quebec, with a new extension to the port city of Saint John, N.B., where it would be able to access export markets where oil currently fetches higher prices. GRAB THIS STORY
===============
The Oil Sands are an Amazing Story Canada's Not Telling
By Todd Babiak, Globe and Mail, March 1st 2013
How Green Was My Valley, the novel by Welsh writer Richard Llewellyn, is about a young man born into a village of black air, of strikes, of deadly explosions. At the end, you’re keen to accompany the hero, Huw Morgan, out of the coal mines.
More than 50 years earlier, Émile Zola had come to similar conclusions in Germinal.
The novelists and filmmakers who adapted these two works for cinema focused on people – particularly the miners. They were sad, happy, passionate, defeated, pure, compromised, creative, dull, intelligent, stupid.
That is, alive. FOLLOW THIS ARTICLE
===============
Alberta's Bold Plan to Cut Emissions Stuns Ottawa and Oil Industry
By Shawn McCarthy and Nathan Vanderklippe, Globe and Mail, April 4th 2013
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
Alberta Environment Minister Diana McQueen stunned a recent meeting in Calgary attended by senior oil executives and her federal counterpart, Peter Kent, with the proposal, which goes well beyond anything Ottawa or the companies contemplated, industry and government sources said Wednesday.
The three sides are engaged in intense negotiations, with the industry warning that regulations that are too onerous could undermine the competitiveness of the oil sands sector as it seeks international investment to drive production growth. 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.
"Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner." -Les Brown
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.
Thursday, April 11, 2013
Never Stop Learning
I signed up for a seminar from Chris at Credit Info Canada. I love seminars. Even at the worst ones I've been able to come away with 1 nugget that will help me improve my business.
I also love meeting people who are going through the exact same challenges day in and day out that I am. We share ideas, contacts and who knows you may even walk away with the golden egg in Alberta - a good handyman.
Chris has been a featured speaker at REIN events and his company fills a unique niche for landlords. They offer special packages from simple credit screenings to tenanting to evictions. I've received money from bad debt that Chris has managed to collect - big smiles here.
I also love meeting people who are going through the exact same challenges day in and day out that I am. We share ideas, contacts and who knows you may even walk away with the golden egg in Alberta - a good handyman.
Chris has been a featured speaker at REIN events and his company fills a unique niche for landlords. They offer special packages from simple credit screenings to tenanting to evictions. I've received money from bad debt that Chris has managed to collect - big smiles here.
Advanced landlording
101
“Minimize your
headaches, maximize your returns”
Please accept
this invitation to attend the ‘rental course’ that may change the way you do
business.
After
numerous requests, Chris Bradnam, owner of Credit Info Canada, considered one
of the leading experts in Canada dealing with the Residential Tenancy market,
is offering this live premium interactive course to answer all your landlording
questions you seek. For the first time
landlord to the experienced investor or management company, this course is
designed to provide current information on taking a tactical and profitable
approach to all matters in your rental and investment dealings.
Here’s a
brief description of the agenda, act fast as seats are limited:
· Investment locations
· Credit Profiling
· Tenant Demographics
· Evictions
· Advertising your rental
· Self-Management of your property
· Tenant Screening
· Lease and rent to own investments
and much much more!
Cost of this event is $200.00. For reservations of booking information,
please contact the offices of Credit Info Canada directly at (780) 486-1183
‘or’ by email at creditinfocanada@gmail.com.
Date May
4, 2013
Event locale The Coast
Edmonton Plaza Hotel
10155
105th Street Edmonton, Alberta
Time 1:00
p.m. to 6:00 p.m.
Advanced
booking is taking place now. Due to
limited seating, all reservations are final.
Tuesday, April 02, 2013
Don Campbell says Chill out
“There is no Canadian housing market...At no other time in history has the real estate market in Canada been so regional,”
“If you go to Hamilton, that market is strong. But in Waterloo the market is starting to slow down, even though the cities are only half an hour apart. And what’s going on in Ottawa has nothing to do with Halifax.” Don Campbell, senior analyst and founding partner with the 2,900-member Real Estate Investment Network (REIN).
Alberta's economy is drawing people from all across Canada. Read More Here
Monday, April 01, 2013
Take two aspirin and call me...
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
April 1st., 2013
Volume 14, Issue 4
Dear Friends and Partners,
When were you last on all fours, head in the toilet, gut heaving and eyes popping; when was your last hangover? I have quaffed less than half a bottle of fine vino over the past decade. The last time I drank too much was probably sometime back in my 20's. Its hard to remember how great the night was, or how much fun I was having, but I sure do remember how bad I felt the next day.
I bring up this disgusting image because I realize that it is very much a kin to a marketplace hangover. See, we have a lot of good news stories in Alberta and then we have the scary global ones. We take two, three, four steps forward with our Alberta economy and then a giant one backwards with politics and pipelines. When we scrutinize a proper real estate investment here, we get excited because it IS a good deal and it will do well. But, just like you might never drink Malibu again, that hangover can burn an image in your mind that really turns your stomach.
For those of us that bought in the late 90's or pre mid-2007 we look back without hangover... For those of us that bought at the party's height, we may still feel a tinge of pain in the temple when we see all the 'good news' stories in Alberta and wonder 'When the heck will my property be at that value again?!"
Real Estate investing is a long-term game. The cycles can last for years and sometimes even decades, just as you can flip a house in a day and make money. Unfortunately real estate isn't a very liquid asset and the time we want to, or need to, cash out may be at the worst time in the cycle.
Moving forward, investing in Edmonton and other parts of Alberta is going to seem like a warm house-party. There will be good news stories, lots of laughs and long friendships made. Some will enjoy the festivities too much and leave with a hangover while others will have made friends (investments) for life.
The best thing you can do is stress-test your potential property by calculating higher interest rates, factor in lower rents, use down payments of 20% or more, manage effectively and know what your exit strategy is before you buy. There are more ways to mitigate risk and different strategies to employ that will allow you to leverage better and protect yourself more, but for now we will focus on avoiding a hangover.
South Central Edmonton: 4 Suite Cash Flow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. 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 south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
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 Economy Continuing its Impressive Boom
By Mario Toneguzzi, Calgary Herald, March 19th 2013
CALGARY — Any dark clouds that are currently hanging over Alberta will clear by 2014, paving the way for strong business and consumer activity, says a report by RBC Economics.
The bank’s latest Provincial Outlook, released Tuesday, said the province’s economy will continue its “impressive boom” through 2013, after leading the country’s economic growth in 2012, despite facing challenges.
RBC forecasts a provincial real GDP growth rate of three per cent due to strong crude oil production as well as high levels of capital investment, employment and population growth. This will be second in the country behind the 5.1 per cent growth expected in Newfoundland & Labrador. GRAB THIS STORY
===============
Lamphier: Alberta's population Boom isn't Shaking Foundation of housing Market
By Gary Lamphier, Edmonton Journal, March 22nd 2013
EDMONTON - If you’re looking for a job in Newfoundland and Labrador, good luck. You’ll need plenty of it.
For every job opening, there were 16 job seekers in December, according to recent StatsCan data. In New Brunswick, the ratio was a still-stratospheric 10.5-to-one.
The odds of landing a job were only marginally better in Ontario, where eight applicants fought over every vacancy.
Here in Alberta? It’s a completely different story. For each unfilled job there were fewer than two people unemployed in December. No wonder newcomers continue to beat a path to Wild Rose country. Despite worries that discounted crude prices may prompt a slowdown in the oilpatch, the stampede shows no signs of abating. FOLLOW THIS ARTICLE
===============
Alex McBrien: Why Alberta Needs a Diversified Economy and, Three Ways We Can Get There
By Alex McBrein, Huffington post, March 23rd 2013
The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.
All of these will certainly be needed in the short term, to some degree or another, to get Alberta's finances back on stable footing. However, all of the above are just that, short-term solutions to a more systematic issue facing Alberta's economy. University of Calgary economist Ron Kneebone was right to suggest that the real issue at hand is "the [provincial] government's historic reliance on resource revenues to bankroll its operations". Instead, what is needed to mitigate the economic risks associated with being a resource- based economy is a sustained focus on diversifying Alberta's economic base.
This will be a complex and challenging task (as it is for most resource-based economies), however placing focus on areas that build off of Alberta's current economic strengths, that make it easier to set up a small business, and that increase investment in arts and culture are sure to go a long way in achieving this goal. 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.
"Always hold your head up, but be careful to keep your nose at a friendly level." -Max L. Foreman
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
April 1st., 2013
Volume 14, Issue 4
Dear Friends and Partners,
When were you last on all fours, head in the toilet, gut heaving and eyes popping; when was your last hangover? I have quaffed less than half a bottle of fine vino over the past decade. The last time I drank too much was probably sometime back in my 20's. Its hard to remember how great the night was, or how much fun I was having, but I sure do remember how bad I felt the next day.
I bring up this disgusting image because I realize that it is very much a kin to a marketplace hangover. See, we have a lot of good news stories in Alberta and then we have the scary global ones. We take two, three, four steps forward with our Alberta economy and then a giant one backwards with politics and pipelines. When we scrutinize a proper real estate investment here, we get excited because it IS a good deal and it will do well. But, just like you might never drink Malibu again, that hangover can burn an image in your mind that really turns your stomach.
For those of us that bought in the late 90's or pre mid-2007 we look back without hangover... For those of us that bought at the party's height, we may still feel a tinge of pain in the temple when we see all the 'good news' stories in Alberta and wonder 'When the heck will my property be at that value again?!"
Real Estate investing is a long-term game. The cycles can last for years and sometimes even decades, just as you can flip a house in a day and make money. Unfortunately real estate isn't a very liquid asset and the time we want to, or need to, cash out may be at the worst time in the cycle.
Moving forward, investing in Edmonton and other parts of Alberta is going to seem like a warm house-party. There will be good news stories, lots of laughs and long friendships made. Some will enjoy the festivities too much and leave with a hangover while others will have made friends (investments) for life.
The best thing you can do is stress-test your potential property by calculating higher interest rates, factor in lower rents, use down payments of 20% or more, manage effectively and know what your exit strategy is before you buy. There are more ways to mitigate risk and different strategies to employ that will allow you to leverage better and protect yourself more, but for now we will focus on avoiding a hangover.
South Central Edmonton: 4 Suite Cash Flow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. 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 south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
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 Economy Continuing its Impressive Boom
By Mario Toneguzzi, Calgary Herald, March 19th 2013
CALGARY — Any dark clouds that are currently hanging over Alberta will clear by 2014, paving the way for strong business and consumer activity, says a report by RBC Economics.
The bank’s latest Provincial Outlook, released Tuesday, said the province’s economy will continue its “impressive boom” through 2013, after leading the country’s economic growth in 2012, despite facing challenges.
RBC forecasts a provincial real GDP growth rate of three per cent due to strong crude oil production as well as high levels of capital investment, employment and population growth. This will be second in the country behind the 5.1 per cent growth expected in Newfoundland & Labrador. GRAB THIS STORY
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Lamphier: Alberta's population Boom isn't Shaking Foundation of housing Market
By Gary Lamphier, Edmonton Journal, March 22nd 2013
EDMONTON - If you’re looking for a job in Newfoundland and Labrador, good luck. You’ll need plenty of it.
For every job opening, there were 16 job seekers in December, according to recent StatsCan data. In New Brunswick, the ratio was a still-stratospheric 10.5-to-one.
The odds of landing a job were only marginally better in Ontario, where eight applicants fought over every vacancy.
Here in Alberta? It’s a completely different story. For each unfilled job there were fewer than two people unemployed in December. No wonder newcomers continue to beat a path to Wild Rose country. Despite worries that discounted crude prices may prompt a slowdown in the oilpatch, the stampede shows no signs of abating. FOLLOW THIS ARTICLE
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Alex McBrien: Why Alberta Needs a Diversified Economy and, Three Ways We Can Get There
By Alex McBrein, Huffington post, March 23rd 2013
The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.
All of these will certainly be needed in the short term, to some degree or another, to get Alberta's finances back on stable footing. However, all of the above are just that, short-term solutions to a more systematic issue facing Alberta's economy. University of Calgary economist Ron Kneebone was right to suggest that the real issue at hand is "the [provincial] government's historic reliance on resource revenues to bankroll its operations". Instead, what is needed to mitigate the economic risks associated with being a resource- based economy is a sustained focus on diversifying Alberta's economic base.
This will be a complex and challenging task (as it is for most resource-based economies), however placing focus on areas that build off of Alberta's current economic strengths, that make it easier to set up a small business, and that increase investment in arts and culture are sure to go a long way in achieving this goal. 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.
"Always hold your head up, but be careful to keep your nose at a friendly level." -Max L. Foreman
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.
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