Alberta's economy to boom -
“Employment in the province is expected to increase by 2.9 per cent this year, the same as in 2013, about three times the national average. That was underlined in last Friday's labour market report from Statistics Canada which showed that of 85,500 jobs created in Canada over the last 12 months, 71,200 were in Alberta.”
I’ve said it before and I’ll say it again: job + salary = need for housing. First, folks come for the jobs and rent, some will buy a home, some continue renting and some move to another province. A strong economy is good for the housing market. HERE
Planning and protecting the Pacific Coast -
I’m sure we’ll see a mini-boom of refinery proposals for North Western B.C. when/if Northern Gateway goes through. It’s a numbers game – many will race in few will get approval and have the wherewithal to complete.
It's good to see forward looking expansion in the area, especially with the high level of environmental scrutiny in place. HERE
Alberta's Jobs -
Did I mention that a lot of jobs are created in Alberta? That’s one of the reasons why the economy is so darn good right now. HERE and HERE
Monday, June 16, 2014
And then there's Alberta
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 16th., 2014
Volume 16, Issue 10
Dear Friends and Partners,
Alberta is certainly getting a lot of well deserved attention these past months. We’re finally launching into another up-cycle. Its felt like a long time to recover from the global recession. Yes, Alberta fared much better than others but it was (and in some places is) still tough. Plan well during the up-cycle, invest prudently and early - plan your investments for the long-term; those are solid observations to follow.
We have a good buying window now, but it’ll be a short one. Take this opportunity to reposition your portfolio and cash out of some deals to fund other ones as per your investment plan and market timing.
DO - get into action.
DO - understand that everything is a cycle, both up and down; plan for both.
North West Edmonton: Calder 4-Unit Cashflow
Turbo charge your portfolio. This 2002 built 4 suite (Duplex) property is located near Grand Trunk Park and minutes from the Yellow head Trail in the transitional area of Calder.
This property has front entrances for the 2 X 3BD main floor units and rear entrances for the 2X 2BD lower units.
This is NOT a legally built 4-plex but a duplex with lower units added.
Lots of modern touches and very good square footage. Shared laundry down, parking for 6 cars. Excellent access to Yellow head, downtown and Anthony Henday.
Comes complete with great tenants making this a totally turn-key property for you. Calder is a mature area that is showing early signs of transition. HUGE upside potential due to the age of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
*Please note: this is not a target area of Glenn Simon Inc’s but does offer potential for a ‘hands on’ investor.
Purchase price: $665K Total
Investment: $165K
Your Estimated 5 Year Profit $89,085.19K
Your pre-tax Total ROI is 54% 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!
=========================
BMO on Canada’s economy: ‘There’s Alberta, then there’s everyone else.'
By Michael Babad, The Globe and Mail, June 10th, 2014
Alberta’s economy powers ahead: As Bank of Montreal puts it, there’s Alberta and then the ROC where the economy’s concerned.
Everyone knows that the province’s economy is on fire, and that’s its forecast to stay that way, but BMO economists today have fresh numbers to back up a research note titled “There’s Alberta, then there’s everyone else.”
Looking deeper into last Friday’s jobs numbers, BMO’s Benjamin Reitzes says the Statistics Canada report “reinforced that the Alberta economy is in a league of its own.”
Employment in Alberta, home to Canada’s oil industry, has climbed 3.2 per cent over the course of a year, compared to just 0.1 per cent for the rest of Canada.
FOLLOW THIS ARTICLE
===============
Lamphier: Northern Gateway may be the first big pipeline approved, last to be built
$7.9 billion pipeline faces many hurdles beyond Ottawa’s OK
By Gary Lamphier, Edmonton Journal, June 13th, 2014
EDMONTON - Neil Young insists “rock stars don’t need oil,” but since crude is Canada’s top export, our resource-driven economy certainly does.
So unless Stephen Harper suddenly changes his tune — which seems as likely as Young retooling his LincVolt to run on gasoline — Ottawa appears close to approving Enbridge’s $7.9 billion Northern Gateway pipeline project.
The Prime Minister and several of his key cabinet ministers have broadly hinted as much in recent days, so the decision itself appears to be little more than a formality, although some speculate it may yet be delayed.
But don’t attach too much significance to the ruling. This is a marathon, not a sprint, and the jockeying and legal games have just begun.
Multiple court challenges are already filed or expected from various First Nations and environmental activist groups, and the project’s many critics in British Columbia are as vocal as ever. GRAB THIS STORY
===============
Hodgson: How to keep Alberta’s economy the world’s best
By Glen Hodgson, Calgary Herald, May 16th, 2014
Like the famed Calgary Stampede, Alberta’s economy is the Greatest Show on Earth. Riding the resource wave, Alberta has the top-performing economy among the 10 provinces and 16 of the most advanced countries in the world. The challenge for Alberta is to keep it that way, as competitors rebound and the global economy continues to shift.
The Conference Board has been assessing Canada’s overall economic and social performance for almost two decades. This year, for the first time, we incorporated individual provincial results into the first of six report cards in our How Canada Performs analysis. This one — the economic report card — is a snapshot ranking of each province’s most recent performance. It reveals that Alberta gets an A+ overall, with high grades across most of the indicators that are used to assess the performance of an economy. 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.
“Opportunities are like sunrises. If you wait to long, you’ll miss them." - William Arthur Ward
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
June 16th., 2014
Volume 16, Issue 10
Dear Friends and Partners,
Alberta is certainly getting a lot of well deserved attention these past months. We’re finally launching into another up-cycle. Its felt like a long time to recover from the global recession. Yes, Alberta fared much better than others but it was (and in some places is) still tough. Plan well during the up-cycle, invest prudently and early - plan your investments for the long-term; those are solid observations to follow.
We have a good buying window now, but it’ll be a short one. Take this opportunity to reposition your portfolio and cash out of some deals to fund other ones as per your investment plan and market timing.
DO - get into action.
DO - understand that everything is a cycle, both up and down; plan for both.
North West Edmonton: Calder 4-Unit Cashflow Turbo charge your portfolio. This 2002 built 4 suite (Duplex) property is located near Grand Trunk Park and minutes from the Yellow head Trail in the transitional area of Calder.
This property has front entrances for the 2 X 3BD main floor units and rear entrances for the 2X 2BD lower units.
This is NOT a legally built 4-plex but a duplex with lower units added.
Lots of modern touches and very good square footage. Shared laundry down, parking for 6 cars. Excellent access to Yellow head, downtown and Anthony Henday.
Comes complete with great tenants making this a totally turn-key property for you. Calder is a mature area that is showing early signs of transition. HUGE upside potential due to the age of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
*Please note: this is not a target area of Glenn Simon Inc’s but does offer potential for a ‘hands on’ investor.
Purchase price: $665K Total
Investment: $165K
Your Estimated 5 Year Profit $89,085.19K
Your pre-tax Total ROI is 54% 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!
=========================
BMO on Canada’s economy: ‘There’s Alberta, then there’s everyone else.'
By Michael Babad, The Globe and Mail, June 10th, 2014
Alberta’s economy powers ahead: As Bank of Montreal puts it, there’s Alberta and then the ROC where the economy’s concerned.
Everyone knows that the province’s economy is on fire, and that’s its forecast to stay that way, but BMO economists today have fresh numbers to back up a research note titled “There’s Alberta, then there’s everyone else.”
Looking deeper into last Friday’s jobs numbers, BMO’s Benjamin Reitzes says the Statistics Canada report “reinforced that the Alberta economy is in a league of its own.”
Employment in Alberta, home to Canada’s oil industry, has climbed 3.2 per cent over the course of a year, compared to just 0.1 per cent for the rest of Canada.
FOLLOW THIS ARTICLE
===============
Lamphier: Northern Gateway may be the first big pipeline approved, last to be built
$7.9 billion pipeline faces many hurdles beyond Ottawa’s OK
By Gary Lamphier, Edmonton Journal, June 13th, 2014
EDMONTON - Neil Young insists “rock stars don’t need oil,” but since crude is Canada’s top export, our resource-driven economy certainly does.
So unless Stephen Harper suddenly changes his tune — which seems as likely as Young retooling his LincVolt to run on gasoline — Ottawa appears close to approving Enbridge’s $7.9 billion Northern Gateway pipeline project.
The Prime Minister and several of his key cabinet ministers have broadly hinted as much in recent days, so the decision itself appears to be little more than a formality, although some speculate it may yet be delayed.
But don’t attach too much significance to the ruling. This is a marathon, not a sprint, and the jockeying and legal games have just begun.
Multiple court challenges are already filed or expected from various First Nations and environmental activist groups, and the project’s many critics in British Columbia are as vocal as ever. GRAB THIS STORY
===============
Hodgson: How to keep Alberta’s economy the world’s best
By Glen Hodgson, Calgary Herald, May 16th, 2014
Like the famed Calgary Stampede, Alberta’s economy is the Greatest Show on Earth. Riding the resource wave, Alberta has the top-performing economy among the 10 provinces and 16 of the most advanced countries in the world. The challenge for Alberta is to keep it that way, as competitors rebound and the global economy continues to shift.
The Conference Board has been assessing Canada’s overall economic and social performance for almost two decades. This year, for the first time, we incorporated individual provincial results into the first of six report cards in our How Canada Performs analysis. This one — the economic report card — is a snapshot ranking of each province’s most recent performance. It reveals that Alberta gets an A+ overall, with high grades across most of the indicators that are used to assess the performance of an economy. 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.
“Opportunities are like sunrises. If you wait to long, you’ll miss them." - William Arthur Ward
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, June 03, 2014
A new low...
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 3rd, 2014
Volume 16, Issue 9
Dear Friends and Partners,
Just when you thought mortgage rates couldn’t get any lower, Scotia Bank pushes down their 5-year fixed to 2.97%. For first time home buyers these are amazing rate options and simply can’t get much lower.
The qualifying process has become tougher than it was a few years ago, even a few months ago, with CMHC. These changes are more in-line with current global lending practices and (slightly) better designed to reduce the number of default mortgages. At least Canada doesn't have NINJA (No Income No Job or Assets) loans.
The lowest rates offered are for properties deemed 'primary residences’. However, there are many terrifically low rates available for both residential and commercial mortgages. When we entered into the last up cycle in Alberta (2004-2007) we saw rates averaging 6%.
A great wealth building tip is to pay extra on your mortgage. If you are in a variable or fixed rate at 3%, adjust your payments so you are effectively paying 4.5% either bank the difference or increase your payment amount. When rates climb up you won’t get a shock and you will have added to your equity. Veteran investors may choose to divert the cash flow generated from low rates to build down payments and add more properties.
I like to run 75% of my rentals lean and upgrade the properties for top-dollar sales as an exit strategy. I also pay down my long-term keepers (15+ years) to clear off the mortgage for maximum cash flow then refinance to reinvest in another cash flow asset. There are many different strategies that you can deploy.
When and what strategy to use can be determined by measuring your current portfolio/lifestyle against your future ideal portfolio/lifestyle; the goal being to bridge the gap while improving performance along the way.
The news for mortgages is good - be sure to make a sensible investment and take advantage of the current lending environment.
North West Edmonton: Calder 4-Unit Cashflow
Turbo charge your portfolio. This 2002 built 4 suite (Duplex) property is located near Grand Trunk Park and minutes from the Yellow head Trail in the transitional area of Calder.
This property has front entrances for the 2 X 3BD main floor units and rear entrances for the 2X 2BD lower units.
This is NOT a legally built 4-plex but a duplex with lower units added.
Lots of modern touches and very good square footage. Shared laundry down, parking for 6 cars. Excellent access to Yellow head, downtown and Anthony Henday.
Comes complete with great tenants making this a totally turn-key property for you. Calder is a mature area that is showing early signs of transition. HUGE upside potential due to the age of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
*Please note: this is not a target area of Glenn Simon Inc’s but does offer potential for a ‘hands on’ investor.
Purchase price: $665K Total
Investment: $165K
Your Estimated 5 Year Profit $89,085.19K
Your pre-tax Total ROI is 54% 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 housing market a standout performer
By Mario Toneguzzi, Calgary Herald, May 20th, 2014
CALGARY - Alberta has emerged as a standout performer in Canada’s housing market and while a slowdown in Canada’s broader housing market is underway, the province’s housing sector has been heating up, says a new report.
The Alberta Treasury Board and Finance’s Economic Spotlight said housing starts continue to trend higher, prices are accelerating, and the resale market remains firmly in seller’s territory in the province.
“The underlying driver is a robust economy. Alberta’s economy has grown at double the rate of the Canadian average over the past three years, and accounted for a disproportionately high share of the nation’s new jobs,” said the report. “ FOLLOW THIS ARTICLE
===============
Canada’s receptive oilpatch in line for trillions in new investment
By Peter Tertzakian, Globe and Mail, May 20th, 2014
The first trillion dollars came over one hundred years. The next trillion is likely to take only a dozen.
Last week, Western Canada’s oil and gas industry celebrated its centenary in Turner Valley, Alta. Since the time a big metal spike repetitively bashed a hole in the earth at an oil well named Dingman #1, Canada has grown to be the world’s fifth-largest producer of crude oil and natural gas. GRAB THIS STORY
===============
Lamphier: Ambitious industrial project to break ground this summer
By Gary Lamphier, Edmonton Journal, May 8th, 2014
EDMONTON - Edmonton’s downtown building boom gets a lot of positive media attention, as you’d expect.
The splashy new downtown arena, the new Walterdale Bridge, the growing forest of stylish new condo and office towers, and the new Royal Alberta Museum are quickly transforming the public face Edmonton presents to the world.
That’s something worth celebrating, and for most of city residents who wish Edmonton had more of Toronto’s busy urban vibe or a bit of Vancouver’s West Coast style, it can’t happen too soon. 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.
“Action is the foundational key to all success." - Pablo Picasso
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
June 3rd, 2014
Volume 16, Issue 9
Dear Friends and Partners,
Just when you thought mortgage rates couldn’t get any lower, Scotia Bank pushes down their 5-year fixed to 2.97%. For first time home buyers these are amazing rate options and simply can’t get much lower.
The qualifying process has become tougher than it was a few years ago, even a few months ago, with CMHC. These changes are more in-line with current global lending practices and (slightly) better designed to reduce the number of default mortgages. At least Canada doesn't have NINJA (No Income No Job or Assets) loans.
The lowest rates offered are for properties deemed 'primary residences’. However, there are many terrifically low rates available for both residential and commercial mortgages. When we entered into the last up cycle in Alberta (2004-2007) we saw rates averaging 6%.
A great wealth building tip is to pay extra on your mortgage. If you are in a variable or fixed rate at 3%, adjust your payments so you are effectively paying 4.5% either bank the difference or increase your payment amount. When rates climb up you won’t get a shock and you will have added to your equity. Veteran investors may choose to divert the cash flow generated from low rates to build down payments and add more properties.
I like to run 75% of my rentals lean and upgrade the properties for top-dollar sales as an exit strategy. I also pay down my long-term keepers (15+ years) to clear off the mortgage for maximum cash flow then refinance to reinvest in another cash flow asset. There are many different strategies that you can deploy.
When and what strategy to use can be determined by measuring your current portfolio/lifestyle against your future ideal portfolio/lifestyle; the goal being to bridge the gap while improving performance along the way.
The news for mortgages is good - be sure to make a sensible investment and take advantage of the current lending environment.
North West Edmonton: Calder 4-Unit Cashflow Turbo charge your portfolio. This 2002 built 4 suite (Duplex) property is located near Grand Trunk Park and minutes from the Yellow head Trail in the transitional area of Calder.
This property has front entrances for the 2 X 3BD main floor units and rear entrances for the 2X 2BD lower units.
This is NOT a legally built 4-plex but a duplex with lower units added.
Lots of modern touches and very good square footage. Shared laundry down, parking for 6 cars. Excellent access to Yellow head, downtown and Anthony Henday.
Comes complete with great tenants making this a totally turn-key property for you. Calder is a mature area that is showing early signs of transition. HUGE upside potential due to the age of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
*Please note: this is not a target area of Glenn Simon Inc’s but does offer potential for a ‘hands on’ investor.
Purchase price: $665K Total
Investment: $165K
Your Estimated 5 Year Profit $89,085.19K
Your pre-tax Total ROI is 54% 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 housing market a standout performer
By Mario Toneguzzi, Calgary Herald, May 20th, 2014
CALGARY - Alberta has emerged as a standout performer in Canada’s housing market and while a slowdown in Canada’s broader housing market is underway, the province’s housing sector has been heating up, says a new report.
The Alberta Treasury Board and Finance’s Economic Spotlight said housing starts continue to trend higher, prices are accelerating, and the resale market remains firmly in seller’s territory in the province.
“The underlying driver is a robust economy. Alberta’s economy has grown at double the rate of the Canadian average over the past three years, and accounted for a disproportionately high share of the nation’s new jobs,” said the report. “ FOLLOW THIS ARTICLE
===============
Canada’s receptive oilpatch in line for trillions in new investment
By Peter Tertzakian, Globe and Mail, May 20th, 2014
The first trillion dollars came over one hundred years. The next trillion is likely to take only a dozen.
Last week, Western Canada’s oil and gas industry celebrated its centenary in Turner Valley, Alta. Since the time a big metal spike repetitively bashed a hole in the earth at an oil well named Dingman #1, Canada has grown to be the world’s fifth-largest producer of crude oil and natural gas. GRAB THIS STORY
===============
Lamphier: Ambitious industrial project to break ground this summer
By Gary Lamphier, Edmonton Journal, May 8th, 2014
EDMONTON - Edmonton’s downtown building boom gets a lot of positive media attention, as you’d expect.
The splashy new downtown arena, the new Walterdale Bridge, the growing forest of stylish new condo and office towers, and the new Royal Alberta Museum are quickly transforming the public face Edmonton presents to the world.
That’s something worth celebrating, and for most of city residents who wish Edmonton had more of Toronto’s busy urban vibe or a bit of Vancouver’s West Coast style, it can’t happen too soon. 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.
“Action is the foundational key to all success." - Pablo Picasso
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, May 16, 2014
Mars needs women
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 15th., 2014
Volume 16, Issue 8
Dear Friends and Partners,
As bad as Mars needs Woman, Edmonton needs fish.
One would have thought that sending fresh fresh from B.C. or Eastern Canada would provide fresh and bountiful choices, but it does not. Many of the top grade selection is exported out of Canada or sold to high end commercial buyers (then resold and shipped again) at point of origin. What’s left is a small portion of select fillets and lesser grades that are shipped throughout Canada and processed.
Now, with Icelandic Air flying directly between Edmonton and Reykjavik fresh fish, make that really fresh fish, is finally here! There is discussion of sending local Bison and beef back to Iceland as well.
I like this story because it shows what can happen when Alberta opens up and begins trading on a larger scale, no matter the product. And having fresh fish is just another thing that makes Edmonton a desirable place to live, increasing the social and economic value of our province.
South Central Edmonton: Strathcona Tri-Plex Cashflow
Turbo charge your portfolio. This 100 year old, 3 floored and 3 suited property is located on a treelined street, 1 minute from park, school and 5 minutes from trendy Whyte Ave.
This 1914 built property has a covered porch entrance for the 1 X 2BD main floor unit and the 1X 2BD upper unit. The 1X 1BD basement suite has it’s private entrance around the back of the property.
This is a legal non-conforming triplex and is in great shape with an effective age of about 1980.
Our renovation team will add a few tweaks to modernize the lower unit while retaining the character of the home.
Shared laundry down, parking for 3 cars, fenced yard and garden, 2 balcony/patio suites and fireplace.
Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient and extremely sought after area with easy access to UOA, Whyte Ave., transit and downtown. Strathcona is a high demand area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $475K
Total Investment: $125K.
Your Estimated 5 Year Profit $85K.
Your pre-tax Total ROI is 68% or 13.5% 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!
=========================
Business Booming at Edmonton explosion-testing lab
By Bill Mah, Edmonton Journal, May 9th, 2014
EDMONTON — A booming resource sector means the CSA Group is seeing explosive growth of its own in Edmonton.
In fact, there will be many blow-ups at its explosive atmosphere testing laboratory in the Edmonton Research Park, which will double in size by September.
“We have explosion chambers where we actually explode the product,” said Ash Sahi, president and chief executive of CSA.
“Let’s say a valve has to be tested so we put it in an explosion chamber, pump in gas and oxygen and a flame and blow it up — just like a bomb.”
Toronto-based Sahi was in Edmonton Friday to turn the sod on an expansion of CSA’s current hazardous locations laboratory.
A new windows and doors test lab, CSA’s first, is also coming in September. FOLLOW THIS ARTICLE
===============
Land rush hits Edmonton as hopefuls camp out overnight for individual lots
By Gordon Kent, Edmonton Journal, May 9th, 2014
EDMONTON - There was a modern Edmonton land rush Thursday as people waited outside overnight for a chance to buy property in Oxford Phase 2.
About 250 people lined up to be part of the draw for 40 city-owned lots in the northwest community.
“These days, people want to build their own house the way they want … That’s the major attraction, you can build the way you want,” Rajesh Arora said. “It’s very difficult to get individual lots.”
Arora, who lives in Ellerslie, was among the first 200 people at the Central Lions Seniors Recreation Centre, so his name will be part of Monday’s draw. GRAB THIS STORY
===============
Alberta leads Canada’s economy
The Advisor.ca, May 12th, 2014
Energy is the fuel and engineering is the machine that keeps Alberta's economy running in high gear, says a BMO report.
Business dynamism in Calgary and southern Alberta continues, says Mike Darling, southern Alberta regional vice president of Commercial Banking at BMO. "Oil and gas companies still dominate the scene, but we see significant opportunity for firms that support the industry spinoffs. This particularly applies to the engineering sector.” 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 secret of getting ahead is getting started." - Mark Twain
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 15th., 2014
Volume 16, Issue 8
Dear Friends and Partners,
As bad as Mars needs Woman, Edmonton needs fish.
One would have thought that sending fresh fresh from B.C. or Eastern Canada would provide fresh and bountiful choices, but it does not. Many of the top grade selection is exported out of Canada or sold to high end commercial buyers (then resold and shipped again) at point of origin. What’s left is a small portion of select fillets and lesser grades that are shipped throughout Canada and processed.
Now, with Icelandic Air flying directly between Edmonton and Reykjavik fresh fish, make that really fresh fish, is finally here! There is discussion of sending local Bison and beef back to Iceland as well.
I like this story because it shows what can happen when Alberta opens up and begins trading on a larger scale, no matter the product. And having fresh fish is just another thing that makes Edmonton a desirable place to live, increasing the social and economic value of our province.
South Central Edmonton: Strathcona Tri-Plex Cashflow
This 1914 built property has a covered porch entrance for the 1 X 2BD main floor unit and the 1X 2BD upper unit. The 1X 1BD basement suite has it’s private entrance around the back of the property.
This is a legal non-conforming triplex and is in great shape with an effective age of about 1980.
Our renovation team will add a few tweaks to modernize the lower unit while retaining the character of the home.
Shared laundry down, parking for 3 cars, fenced yard and garden, 2 balcony/patio suites and fireplace.
Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient and extremely sought after area with easy access to UOA, Whyte Ave., transit and downtown. Strathcona is a high demand area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $475K
Total Investment: $125K.
Your Estimated 5 Year Profit $85K.
Your pre-tax Total ROI is 68% or 13.5% 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!
=========================
Business Booming at Edmonton explosion-testing lab
By Bill Mah, Edmonton Journal, May 9th, 2014
EDMONTON — A booming resource sector means the CSA Group is seeing explosive growth of its own in Edmonton.
In fact, there will be many blow-ups at its explosive atmosphere testing laboratory in the Edmonton Research Park, which will double in size by September.
“We have explosion chambers where we actually explode the product,” said Ash Sahi, president and chief executive of CSA.
“Let’s say a valve has to be tested so we put it in an explosion chamber, pump in gas and oxygen and a flame and blow it up — just like a bomb.”
Toronto-based Sahi was in Edmonton Friday to turn the sod on an expansion of CSA’s current hazardous locations laboratory.
A new windows and doors test lab, CSA’s first, is also coming in September. FOLLOW THIS ARTICLE
===============
Land rush hits Edmonton as hopefuls camp out overnight for individual lots
By Gordon Kent, Edmonton Journal, May 9th, 2014
EDMONTON - There was a modern Edmonton land rush Thursday as people waited outside overnight for a chance to buy property in Oxford Phase 2.
About 250 people lined up to be part of the draw for 40 city-owned lots in the northwest community.
“These days, people want to build their own house the way they want … That’s the major attraction, you can build the way you want,” Rajesh Arora said. “It’s very difficult to get individual lots.”
Arora, who lives in Ellerslie, was among the first 200 people at the Central Lions Seniors Recreation Centre, so his name will be part of Monday’s draw. GRAB THIS STORY
===============
Alberta leads Canada’s economy
The Advisor.ca, May 12th, 2014
Energy is the fuel and engineering is the machine that keeps Alberta's economy running in high gear, says a BMO report.
Business dynamism in Calgary and southern Alberta continues, says Mike Darling, southern Alberta regional vice president of Commercial Banking at BMO. "Oil and gas companies still dominate the scene, but we see significant opportunity for firms that support the industry spinoffs. This particularly applies to the engineering sector.” 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 secret of getting ahead is getting started." - Mark Twain
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, May 02, 2014
Renovate to Resale
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 2nd, 2014
Volume 16, Issue 7
Dear Friends and Partners,
The last couple of months we've talked about the lack of quality inventory in the Edmonton Real Estate market. Typically more properties get listed in spring and this year is no exception. The residential (SFR) sales to listings ratio is 60%, it takes approximately 44 days to sell a home and Edmonton’s Q1 is up approximately 5% from last year: stats thanks to EREB.
I want to stress that the market is stable and firmly based in the economic fundamentals of Alberta. There will be a time when prices go wonky and I’ll be the first to let you know, but we’re not anywhere near there. There’s a pressure created on sourcing new buys. But an equally positive pressure exists for smart sellers. Now is a good time to clean up your portfolio and reposition properties, be it to sell smaller ones to get into larger ones, or cull pack to keep the highest performers.
Despite the Condo/Town House market pricing remaining flat, there still exists a premium to be paid for clean, nicely renovated, turn-key properties. We’re on reno-mode for several of our Town Houses that have successfully completed the buy-hold cycle and are cashing out. Of the two (of six) we’ve listed so far, they’ve gone pending at or slightly over list price within the first 48 hours. Now, a lot went into creating these results, but you can do it too. Remember to; renovate to sell, list for the right price (don’t over list!), present your property vacant, stage it, use a marketing system to sell, professional photographs and an outstanding Realtor. In any market there are deals to be had for both buyers and sellers.
If you’re waiting to add to your portfolio my advice is to do it now as we are on a pricing upswing and its a challenge to find quality property at the moment. If you have some to sell and re-invest the profits with, now is a good time (to take advantage of buying at a lower price). If you are trying to max out your sell price, you can probably hold on a while longer depending on the property type and quality - remember not even the greatest investors are able to predict and time the market 100% of the time.
Strathcona Character Tri-Plex
Turbo charge your portfolio. This 100 year old, 3 floored and 3 suited property is located on a treelined street, 1 minute from park, school and 5 minutes from trendy Whyte Ave. This 1914 built property has a covered porch entrance for the 1 X 2BD main floor unit and the 1X 2BD upper unit. The 1X 1BD basement suite has it’s private entrance around the back of the property. This is a legal non-conforming triplex and is in great shape with an effective age of about 1980. Our renovation team will add a few tweaks to modernize the lower unit while retaining the character of there suite. Shared laundry down, parking for 3 cars, fenced yard and garden, 2 balcony/patio suites and fireplace. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient and extremely sought after area with easy access to UOA, Whyte Ave., transit and downtown. Strathcona is a high demand area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $475K
Total Investment: $125K
Your Estimated 5 Year Profit $85K.
Your pre-tax Total ROI is 68% or 13.5% 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!
=========================
Hotel Investment in Alberta see strong hike 2013
By Mario Toneguzzi, Calgary Herald, April 3rd, 2014
CALGARY - Investment in Canada’s hotel market in 2013 was one of the strongest annual performances in a decade with a healthy showing from Alberta.
The 2014 Canadian Hotel Investment Report, by Colliers International Hotels, said buoyed markets, easy access to capital, investor optimism and demand for hotel properties propelled deal activity by 72 percent year-over-year as 115 transactions were recorded in Canada, surpassing $2 billion in volume, which was significantly higher than the $1.2 billion and $1.1 billion in deal volume recorded for 2012 and 2011 respectively.
The Colliers International Hotels’ report also forecasts a robust 2014 with a solid level of deal activity ranging between $1.25 billion and $1.75 billion. FOLLOW THIS ARTICLE
===============
Edmonton revitalization project gets cash - Journal of Commerce
By Richard Gilbert, Staff Writer - Journal of Commerce, April 28th, 2014
The plan for the revitalization of downtown Edmonton has secured a long-term source of project funding, as a result of a new joint initiative between the city and the provincial government.
“By approving the Community Revitalization Levy (CRL), the Government of Alberta is showing its commitment to helping Edmonton build a stronger downtown,” said Edmonton Mayor Don Iveson.
“The CRL is a vital piece in implementing the catalyst projects outlined in the city’s award-winning downtown plan. We’ve seen that investments in public infrastructure encourage growth, and using that strategy, Edmonton is dedicated to building a vibrant capital city.” READ MORE HERE
===============
Canadian oil and gas touted for Europe amid Ukraine troubles
The Canadian Press, April 23rd, 2014
The Russian invasion of Crimea is making Alberta's oil and gas more attractive in European capitals, says Poland's ambassador to Canada.
Poland supports the idea of importing Canadian oil and gas, envoy Marcin Bosacki said Wednesday prior to the start of a two-day visit to his country by Foreign Affairs Minister John Baird.
"This point of view is being shared in a growing number of European capitals in the last two months since the Crimea invasion," Bosacki said.
"Of course, we are absolutely in favour of increasing the abilities of ... western Canada oil and gas to be exported also to Europe."
Earlier this week, Polish Prime Minister Donald Tusk argued in an article in the Financial Times that the European Union should become less dependent on Russian energy sources. 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.
“One secret of success in life is for a man to be ready for his opportunity when it comes." - Benjamin Disraeli
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 2nd, 2014
Volume 16, Issue 7
Dear Friends and Partners,
The last couple of months we've talked about the lack of quality inventory in the Edmonton Real Estate market. Typically more properties get listed in spring and this year is no exception. The residential (SFR) sales to listings ratio is 60%, it takes approximately 44 days to sell a home and Edmonton’s Q1 is up approximately 5% from last year: stats thanks to EREB.
I want to stress that the market is stable and firmly based in the economic fundamentals of Alberta. There will be a time when prices go wonky and I’ll be the first to let you know, but we’re not anywhere near there. There’s a pressure created on sourcing new buys. But an equally positive pressure exists for smart sellers. Now is a good time to clean up your portfolio and reposition properties, be it to sell smaller ones to get into larger ones, or cull pack to keep the highest performers.
Despite the Condo/Town House market pricing remaining flat, there still exists a premium to be paid for clean, nicely renovated, turn-key properties. We’re on reno-mode for several of our Town Houses that have successfully completed the buy-hold cycle and are cashing out. Of the two (of six) we’ve listed so far, they’ve gone pending at or slightly over list price within the first 48 hours. Now, a lot went into creating these results, but you can do it too. Remember to; renovate to sell, list for the right price (don’t over list!), present your property vacant, stage it, use a marketing system to sell, professional photographs and an outstanding Realtor. In any market there are deals to be had for both buyers and sellers.
If you’re waiting to add to your portfolio my advice is to do it now as we are on a pricing upswing and its a challenge to find quality property at the moment. If you have some to sell and re-invest the profits with, now is a good time (to take advantage of buying at a lower price). If you are trying to max out your sell price, you can probably hold on a while longer depending on the property type and quality - remember not even the greatest investors are able to predict and time the market 100% of the time.
Strathcona Character Tri-Plex
Turbo charge your portfolio. This 100 year old, 3 floored and 3 suited property is located on a treelined street, 1 minute from park, school and 5 minutes from trendy Whyte Ave. This 1914 built property has a covered porch entrance for the 1 X 2BD main floor unit and the 1X 2BD upper unit. The 1X 1BD basement suite has it’s private entrance around the back of the property. This is a legal non-conforming triplex and is in great shape with an effective age of about 1980. Our renovation team will add a few tweaks to modernize the lower unit while retaining the character of there suite. Shared laundry down, parking for 3 cars, fenced yard and garden, 2 balcony/patio suites and fireplace. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient and extremely sought after area with easy access to UOA, Whyte Ave., transit and downtown. Strathcona is a high demand area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $475K
Total Investment: $125K
Your Estimated 5 Year Profit $85K.
Your pre-tax Total ROI is 68% or 13.5% per year
=========================
Hotel Investment in Alberta see strong hike 2013
By Mario Toneguzzi, Calgary Herald, April 3rd, 2014
CALGARY - Investment in Canada’s hotel market in 2013 was one of the strongest annual performances in a decade with a healthy showing from Alberta.
The 2014 Canadian Hotel Investment Report, by Colliers International Hotels, said buoyed markets, easy access to capital, investor optimism and demand for hotel properties propelled deal activity by 72 percent year-over-year as 115 transactions were recorded in Canada, surpassing $2 billion in volume, which was significantly higher than the $1.2 billion and $1.1 billion in deal volume recorded for 2012 and 2011 respectively.
The Colliers International Hotels’ report also forecasts a robust 2014 with a solid level of deal activity ranging between $1.25 billion and $1.75 billion. FOLLOW THIS ARTICLE
===============
Edmonton revitalization project gets cash - Journal of Commerce
By Richard Gilbert, Staff Writer - Journal of Commerce, April 28th, 2014
The plan for the revitalization of downtown Edmonton has secured a long-term source of project funding, as a result of a new joint initiative between the city and the provincial government.
“By approving the Community Revitalization Levy (CRL), the Government of Alberta is showing its commitment to helping Edmonton build a stronger downtown,” said Edmonton Mayor Don Iveson.
“The CRL is a vital piece in implementing the catalyst projects outlined in the city’s award-winning downtown plan. We’ve seen that investments in public infrastructure encourage growth, and using that strategy, Edmonton is dedicated to building a vibrant capital city.” READ MORE HERE
===============
Canadian oil and gas touted for Europe amid Ukraine troubles
The Canadian Press, April 23rd, 2014
The Russian invasion of Crimea is making Alberta's oil and gas more attractive in European capitals, says Poland's ambassador to Canada.
Poland supports the idea of importing Canadian oil and gas, envoy Marcin Bosacki said Wednesday prior to the start of a two-day visit to his country by Foreign Affairs Minister John Baird.
"This point of view is being shared in a growing number of European capitals in the last two months since the Crimea invasion," Bosacki said.
"Of course, we are absolutely in favour of increasing the abilities of ... western Canada oil and gas to be exported also to Europe."
Earlier this week, Polish Prime Minister Donald Tusk argued in an article in the Financial Times that the European Union should become less dependent on Russian energy sources. 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.
“One secret of success in life is for a man to be ready for his opportunity when it comes." - Benjamin Disraeli
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 15, 2014
An offer no one could refuse
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., 2014
Volume 16, Issue 6
Dear Friends and Partners,
The last couple weeks have started to show a burst of new properties hit the market.
Although many of the multi-units ones are still far from an ideal buy, its encouraging to see some variety.
What we’re finding is that with the pent up demand for investors, any halfway decent property (that is priced right) will get multiple offers within 2 days of list.
This is a key time to know what you want to buy, where, your maximum purchase price and what kind of offer to write. If you’re looking for a house the same notes apply, but you have better selection and slightly less pressure.
The townhouse resale market remains plentiful and there are many good opportunities to be found with a lot less pressure.
For more tips on buying and writing offers visit our NuWire page.
South Central Edmonton: Cashflow in this Bonnie Doon, Suited Bungalow
Turbo charge your portfolio. This suited bungalow is located on a tree lined street, across from Bonnie Doon Mall.
This 1953 built property has a front entrance for the upper 3 bedroom unit and a rear entry for the lower 2 bedroom suite. The lower unit has been nicely renovated and the top floor is in great shape.
Our renovation team will add a few tweaks to modernize the units and make certain that they comply with safety regulations, but its ready to go! There is shared laundry down, a 2 car detached garage as well as stall parking for 6. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south area with easy access to transit and downtown. Bonnie Doon is a sought after, mature area with plenty of schools, parks and amenities.
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 growing core.
Purchase price: $349,000
Total Investment: $81,979
Your Estimated 5 Year Profit: $49,532
Your pre-tax Total ROI is 60% or 12% per year
These 2 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!
=========================
Hot Edmonton Market Leads to Bidding Wars
By Staff Writers, Global News, April 2nd, 2014
EDMONTON — Spring is a traditionally busier time for the real estate market, but a new trend is emerging.
Homes that have hardly been on the market are being quickly snapped up by over-bidding buyers.
It was the perfect set-up for Sean Pateman, who was looking to sell his Lewis Estates home. After being on the market for only one day, it had already garnered five showings.
“I knew the market was hot right now,” he said. “Figure, I’d throw it out there and see what happens.” FOLLOW THIS ARTICLE
===============
Alberta economy the envy of most regions in Canada
By Mario Toneguzzi, Calgary Herald, April 9th, 2014
CALGARY - Alberta’s economic performance since the 2008-09 downturn has been the envy of most regions in Canada as the province will lead the country in growth this year and in 2015, says a report released Wednesday by TD Economics.
“Healthy gains in oil production – just under 10 per cent average annual increases over the 2009-13 period – combined with a surge of oilsands investment has fueled economic activity,” said the report. “The June 2013 flooding that immediately disrupted provincial economic activity has had the perverse effect of stimulating economic growth since the second half of 2013 through reconstruction activity and a bounce back in output. This has helped to create a strong handoff in 2014.” GRAB THIS STORY
===============
Average single family home price in Edmonton at record high
By Emily Mertz, Global News, April 2nd, 2014
EDMONTON – The Realtors Association of Edmonton says the average cost of a single family detached home in the city has reached a new high.
The average price for a single family home in Edmonton in the first quarter of 2014 was $432,000.
That price topped the previous record – set in May 2007 – by about $6,000.
“We’re just slightly beyond that record level,” said Realtors Association of Edmonton President Greg Steele.
“For the single family, in May of 2007, we were about $425,000 so about $6,000 higher,” he explained. 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.
“Belief creates the actual fact." - William James
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., 2014
Volume 16, Issue 6
Dear Friends and Partners,
The last couple weeks have started to show a burst of new properties hit the market.
Although many of the multi-units ones are still far from an ideal buy, its encouraging to see some variety.
What we’re finding is that with the pent up demand for investors, any halfway decent property (that is priced right) will get multiple offers within 2 days of list.
This is a key time to know what you want to buy, where, your maximum purchase price and what kind of offer to write. If you’re looking for a house the same notes apply, but you have better selection and slightly less pressure.
The townhouse resale market remains plentiful and there are many good opportunities to be found with a lot less pressure.
For more tips on buying and writing offers visit our NuWire page.
South Central Edmonton: Cashflow in this Bonnie Doon, Suited Bungalow
Turbo charge your portfolio. This suited bungalow is located on a tree lined street, across from Bonnie Doon Mall.This 1953 built property has a front entrance for the upper 3 bedroom unit and a rear entry for the lower 2 bedroom suite. The lower unit has been nicely renovated and the top floor is in great shape.
Our renovation team will add a few tweaks to modernize the units and make certain that they comply with safety regulations, but its ready to go! There is shared laundry down, a 2 car detached garage as well as stall parking for 6. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south area with easy access to transit and downtown. Bonnie Doon is a sought after, mature area with plenty of schools, parks and amenities.
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 growing core.
Purchase price: $349,000
Total Investment: $81,979
Your Estimated 5 Year Profit: $49,532
Your pre-tax Total ROI is 60% or 12% per year
These 2 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!
=========================
Hot Edmonton Market Leads to Bidding Wars
By Staff Writers, Global News, April 2nd, 2014
EDMONTON — Spring is a traditionally busier time for the real estate market, but a new trend is emerging.
Homes that have hardly been on the market are being quickly snapped up by over-bidding buyers.
It was the perfect set-up for Sean Pateman, who was looking to sell his Lewis Estates home. After being on the market for only one day, it had already garnered five showings.
“I knew the market was hot right now,” he said. “Figure, I’d throw it out there and see what happens.” FOLLOW THIS ARTICLE
===============
Alberta economy the envy of most regions in Canada
By Mario Toneguzzi, Calgary Herald, April 9th, 2014
CALGARY - Alberta’s economic performance since the 2008-09 downturn has been the envy of most regions in Canada as the province will lead the country in growth this year and in 2015, says a report released Wednesday by TD Economics.
“Healthy gains in oil production – just under 10 per cent average annual increases over the 2009-13 period – combined with a surge of oilsands investment has fueled economic activity,” said the report. “The June 2013 flooding that immediately disrupted provincial economic activity has had the perverse effect of stimulating economic growth since the second half of 2013 through reconstruction activity and a bounce back in output. This has helped to create a strong handoff in 2014.” GRAB THIS STORY
===============
Average single family home price in Edmonton at record high
By Emily Mertz, Global News, April 2nd, 2014
EDMONTON – The Realtors Association of Edmonton says the average cost of a single family detached home in the city has reached a new high.
The average price for a single family home in Edmonton in the first quarter of 2014 was $432,000.
That price topped the previous record – set in May 2007 – by about $6,000.
“We’re just slightly beyond that record level,” said Realtors Association of Edmonton President Greg Steele.
“For the single family, in May of 2007, we were about $425,000 so about $6,000 higher,” he explained. 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.
“Belief creates the actual fact." - William James
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 01, 2014
Holding Out
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., 2014
Volume 16, Issue 5
Dear Friends and Partners,
So, what’s up with Edmonton’s housing supply?
That’s what all the Realtors and investors are asking. Aside from Town Houses, every property type is depleted. Almost every Realtor I know is begging their would-be sellers to list (please!).
I think Edmontonians feel the economy moving and are waiting for the ‘best time’ to list their property for top dollar. The fact that inventory is so low is making even the ugly or poorly located properties get attention. That same attention is making some sellers both greedy and lazy. I’m seeing many poorly maintained properties, lax rents and sloppy ads (what kind of property IS that anyway?).
I’m starting to feel that the bulk of sellers may hold off until NEXT spring and I think if that happens that the massive influx of ‘new’ property may over quench the demand and temporarily stall prices. That’s only speculation as the market may see any number of other scenarios just as easily. I’d prefer to see a gradual listing of new properties from now into winter, creating a normal price gain rather than a concentrated spike up (or other).
The townhouse market is still plentiful and if you’re looking to buy, you have many choices. Small multifamily, suited homes and regular SFR in good condition/location continue to sell fast. Be quick and thoughtful when getting your offers in.
South Central Edmonton: Cashflow in this Bonnie Doon, Suited Bungalow
Turbo charge your portfolio.
This suited bungalow is located on a treelined street, across from Bonnie Doon Mall.
This 1953 built property has a front entrance for the upper 3 bedroom unit and a rear entry for the lower 2 bedroom suite.
The lower unit has been nicely renovated and the top floor is in great shape.
Our renovation team will add a few tweaks to modernize the units and make certain that they comply with safety regulations, but its ready to go! There is shared laundry down, a 2 car detached garage as well as stall parking for 6. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south area with easy access to transit and downtown. Bonnie Doon is a sought after, mature area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $349,000
Total Investment: $81,979
Your Estimated 5 Year Profit: $49,532
Your pre-tax Total ROI is 60% or 12% per year
These 2 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!
=========================
Gunter: Downtown boom has nothing to do with arena
By Lorne Gunter, Edmonton Sun, March 24th, 2014
Until about 10 years ago, I worked downtown. Most days after 5 p.m., you could fire a canon off in any direction and not hit anyone.
It was hard to find a place to eat that was open. There were a couple of donair places, a sub shop, a doughnut place or two. Rice Howard Way had a fish-and-chip pub and a few hotels had decent restaurants. At lunch there were many choices, but not at dinner.
If you were the rare individual who lived in the core (between 97 Street in the east and 109 Street in the west, and 98 Avenue in the south and 104 Avene in the north), you needed a car (or cab) to shop for groceries. The nearest grocery store was 20 blocks west or across the river in Garneau.
But no longer. FOLLOW THIS ARTICLE
===============
City looking to spruce up some of Edmonton’s old shopping sites
By Caley Ramsay, Global News, March 21st, 2014
EDMONTON – The City of Edmonton is working on a new pilot project aimed at sprucing up some of the city’s older community shopping sites.
“We’re talking about these older neighbourhoods that were planned in the 50s and 60s, where there’s a pocket of neighbourhood commercial embedded in the community,” said Walter Trocenko, with the city’s Housing & Economic Sustainability department.
“That pocket of neighbourhood commercial would have had the drug store, some small bakery, the butcher shop.”
The city’s ‘Corner Store Program’ would see some public dollars used to help revitalize older buildings in Edmonton’s mature neighbourhoods. READ MORE HERE
===============
Canadian home sales: How healthy is your housing market?
By Staff Writers, Financial Post, March 17th, 2014
Canadian existing home sales edged up 0.3% in February, breaking a five-month run of declines, but the national view doesn’t tell the whole story.
Nationally, home sales are up 1.9% from a year ago, but BMO senior economist Robert Kavcic says markets vary widely across the country with half of Canada’s largest cities reporting a sales dip from a year ago.
To get a more comprehensive view here’s Kavcic’s survey of the health of the country’s major markets, from strongest to weakest: 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.
“Pessimism leads to weakness, optimism to power ." - William James
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., 2014
Volume 16, Issue 5
Dear Friends and Partners,
So, what’s up with Edmonton’s housing supply?
That’s what all the Realtors and investors are asking. Aside from Town Houses, every property type is depleted. Almost every Realtor I know is begging their would-be sellers to list (please!).
I think Edmontonians feel the economy moving and are waiting for the ‘best time’ to list their property for top dollar. The fact that inventory is so low is making even the ugly or poorly located properties get attention. That same attention is making some sellers both greedy and lazy. I’m seeing many poorly maintained properties, lax rents and sloppy ads (what kind of property IS that anyway?).
I’m starting to feel that the bulk of sellers may hold off until NEXT spring and I think if that happens that the massive influx of ‘new’ property may over quench the demand and temporarily stall prices. That’s only speculation as the market may see any number of other scenarios just as easily. I’d prefer to see a gradual listing of new properties from now into winter, creating a normal price gain rather than a concentrated spike up (or other).
The townhouse market is still plentiful and if you’re looking to buy, you have many choices. Small multifamily, suited homes and regular SFR in good condition/location continue to sell fast. Be quick and thoughtful when getting your offers in.
South Central Edmonton: Cashflow in this Bonnie Doon, Suited Bungalow
Turbo charge your portfolio.This suited bungalow is located on a treelined street, across from Bonnie Doon Mall.
This 1953 built property has a front entrance for the upper 3 bedroom unit and a rear entry for the lower 2 bedroom suite.
The lower unit has been nicely renovated and the top floor is in great shape.
Our renovation team will add a few tweaks to modernize the units and make certain that they comply with safety regulations, but its ready to go! There is shared laundry down, a 2 car detached garage as well as stall parking for 6. Great access to UOA, Whyte Ave., downtown and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south area with easy access to transit and downtown. Bonnie Doon is a sought after, mature area with plenty of schools, parks and amenities. 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 growing core.
Purchase price: $349,000
Total Investment: $81,979
Your Estimated 5 Year Profit: $49,532
Your pre-tax Total ROI is 60% or 12% per year
These 2 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!
=========================
Gunter: Downtown boom has nothing to do with arena
By Lorne Gunter, Edmonton Sun, March 24th, 2014
Until about 10 years ago, I worked downtown. Most days after 5 p.m., you could fire a canon off in any direction and not hit anyone.
It was hard to find a place to eat that was open. There were a couple of donair places, a sub shop, a doughnut place or two. Rice Howard Way had a fish-and-chip pub and a few hotels had decent restaurants. At lunch there were many choices, but not at dinner.
If you were the rare individual who lived in the core (between 97 Street in the east and 109 Street in the west, and 98 Avenue in the south and 104 Avene in the north), you needed a car (or cab) to shop for groceries. The nearest grocery store was 20 blocks west or across the river in Garneau.
But no longer. FOLLOW THIS ARTICLE
===============
City looking to spruce up some of Edmonton’s old shopping sites
By Caley Ramsay, Global News, March 21st, 2014
EDMONTON – The City of Edmonton is working on a new pilot project aimed at sprucing up some of the city’s older community shopping sites.
“We’re talking about these older neighbourhoods that were planned in the 50s and 60s, where there’s a pocket of neighbourhood commercial embedded in the community,” said Walter Trocenko, with the city’s Housing & Economic Sustainability department.
“That pocket of neighbourhood commercial would have had the drug store, some small bakery, the butcher shop.”
The city’s ‘Corner Store Program’ would see some public dollars used to help revitalize older buildings in Edmonton’s mature neighbourhoods. READ MORE HERE
===============
Canadian home sales: How healthy is your housing market?
By Staff Writers, Financial Post, March 17th, 2014
Canadian existing home sales edged up 0.3% in February, breaking a five-month run of declines, but the national view doesn’t tell the whole story.
Nationally, home sales are up 1.9% from a year ago, but BMO senior economist Robert Kavcic says markets vary widely across the country with half of Canada’s largest cities reporting a sales dip from a year ago.
To get a more comprehensive view here’s Kavcic’s survey of the health of the country’s major markets, from strongest to weakest: 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.
“Pessimism leads to weakness, optimism to power ." - William James
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.
Saturday, March 15, 2014
It's never as hard as you think
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 15th., 2014
Volume 16, Issue 4
Dear Friends and Partners,
For our mid-month newsletter ponder, or put into action, this thought by the great, Steve Chandler:
"Nothing is ever as hard as the mind makes it when thinking about it in advance. Nobody would ever get any results if they stayed in their minds, thinking about what has to be done in the future. Results happen when the mind is left behind in favor of fresh, exciting, creative action.
Nobody cares what you think. No one cares what you are committed to. Only action communicates with others. Only action commands attention."
North West Edmonton: 6-Plex Cashflow Apartment
Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units. Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.
*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.
Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)
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!
=========================
Job growth has flatlined across the country - except in Alberta
By Jamie Sturgeon, Global News, March 12th, 2014
The February jobs report released by Statistics Canada last week is driving home a trend experts have been taking note of: Alberta’s economy is leaving the rest of the country in the dust.
While last month’s labour force survey painted a dismal jobs picture across much of the country, Alberta was the major exception.
A potent energy sector is the engine of a provincial economy that is booming, registering a pop of 18,000 jobs or 3.8 per cent last month while the rest of the country laboured under lacklustre or even negative job growth. FOLLOW THIS ARTICLE
===============
Alberta promises cash, interest-free loan for Edmonton LRT expansion
By Dave Lazzarino, Edmonton Sun, March 11th, 2014
Mill Woods residents may have a new way to get downtown as soon as 2020 as the last financial spike for the Valley Line LRT was driven home Tuesday.
Premier Alison Redford and Edmonton Mayor Don Iveson met at Churchill Station with numerous fellow politicians in tow to announce a solution to the city’s $365 million shortfall for the $1.8-billion LRT line construction.
“Edmonton told us we needed more. Our caucus told us we needed more. And we listened,” said Redford, before outlining how the province will be providing $600 million toward the rail line that will run from Mill Woods to downtown.
The details involve the city being eligible for $250 million in Green Trip funding, a further $150 million to match federal grant dollars and a $200 million 10-year, no-interest loan from the province. GRAB THIS STORY
===============
Canada’s best places to live
By Melissa Ramsay, Global News, March 12th, 2014
CALGARY – A city in Alberta has been named Canada’s best place to live by Money Sense magazine.
St. Albert, located northwest of Edmonton on the Sturgeon River, topped the magazine’s annual list for the very first time.
It nabbed the esteemed spot thanks to several factors, such as boasting some of the highest incomes in the country, its unemployment rate — which sits at just above four per cent — and crime rates which are steadily falling.
In addition, officials say while winters in St. Albert can be skin-splittingly cold, it’s at least sunny all year round. 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.
“In the realm of ideas everything depends on enthusiasm… in the real world all rests on perseverance. " - Johann Wolfgang von Goethe
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
March 15th., 2014
Volume 16, Issue 4
Dear Friends and Partners,
For our mid-month newsletter ponder, or put into action, this thought by the great, Steve Chandler:
"Nothing is ever as hard as the mind makes it when thinking about it in advance. Nobody would ever get any results if they stayed in their minds, thinking about what has to be done in the future. Results happen when the mind is left behind in favor of fresh, exciting, creative action.
Nobody cares what you think. No one cares what you are committed to. Only action communicates with others. Only action commands attention."
North West Edmonton: 6-Plex Cashflow Apartment
Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units. Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.
*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.
Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)
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!
=========================
Job growth has flatlined across the country - except in Alberta
By Jamie Sturgeon, Global News, March 12th, 2014
The February jobs report released by Statistics Canada last week is driving home a trend experts have been taking note of: Alberta’s economy is leaving the rest of the country in the dust.
While last month’s labour force survey painted a dismal jobs picture across much of the country, Alberta was the major exception.
A potent energy sector is the engine of a provincial economy that is booming, registering a pop of 18,000 jobs or 3.8 per cent last month while the rest of the country laboured under lacklustre or even negative job growth. FOLLOW THIS ARTICLE
===============
Alberta promises cash, interest-free loan for Edmonton LRT expansion
By Dave Lazzarino, Edmonton Sun, March 11th, 2014
Mill Woods residents may have a new way to get downtown as soon as 2020 as the last financial spike for the Valley Line LRT was driven home Tuesday.
Premier Alison Redford and Edmonton Mayor Don Iveson met at Churchill Station with numerous fellow politicians in tow to announce a solution to the city’s $365 million shortfall for the $1.8-billion LRT line construction.
“Edmonton told us we needed more. Our caucus told us we needed more. And we listened,” said Redford, before outlining how the province will be providing $600 million toward the rail line that will run from Mill Woods to downtown.
The details involve the city being eligible for $250 million in Green Trip funding, a further $150 million to match federal grant dollars and a $200 million 10-year, no-interest loan from the province. GRAB THIS STORY
===============
Canada’s best places to live
By Melissa Ramsay, Global News, March 12th, 2014
CALGARY – A city in Alberta has been named Canada’s best place to live by Money Sense magazine.
St. Albert, located northwest of Edmonton on the Sturgeon River, topped the magazine’s annual list for the very first time.
It nabbed the esteemed spot thanks to several factors, such as boasting some of the highest incomes in the country, its unemployment rate — which sits at just above four per cent — and crime rates which are steadily falling.
In addition, officials say while winters in St. Albert can be skin-splittingly cold, it’s at least sunny all year round. 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.
“In the realm of ideas everything depends on enthusiasm… in the real world all rests on perseverance. " - Johann Wolfgang von Goethe
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.
Wednesday, March 05, 2014
When your house goes "Snap, Crackle and Pop"
Over the last few days we've had some pretty cold weather in Edmonton. I don't think it's unseasonably cold but after plus temperatures in January, we're all surprised by winter's return.
The other night I was sitting by the fireplace when a loud cracking boom came from the wall beside me. I got up and looked out the windows and suspiciously at the wall. It happened about 4 other times that night. When the roof didn't cave in I realized it was some kind of settling in the house and Googled the phenomena. This is what I found:
"Ottawa Police received numerous calls reporting gunshots, noise bylaw violations and feared break-and-enters when the thermometre dropped drastically in late January. While most of these were false alarms, many residents were awakened by noises of unknown origin. The source may have been the very enclosure that protected the residents; their houses were quaking.
In extreme cold weather conditions we can learn rudimentary lessons in physics. Materials that make up our buildings change with their environment. In the winter, all exposed materials will slowly shrink as the temperature falls. In addition, fibrous or porous materials, such as wood, will also give up moisture to the surrounding dry winter air, accentuating their shrinking or contraction. In the spring, as the environment warms and the air gains moisture, wood will gradually swell and expand to its “normal” size and proportions."
Get the final answer at Carlton Now
The other night I was sitting by the fireplace when a loud cracking boom came from the wall beside me. I got up and looked out the windows and suspiciously at the wall. It happened about 4 other times that night. When the roof didn't cave in I realized it was some kind of settling in the house and Googled the phenomena. This is what I found:
"Ottawa Police received numerous calls reporting gunshots, noise bylaw violations and feared break-and-enters when the thermometre dropped drastically in late January. While most of these were false alarms, many residents were awakened by noises of unknown origin. The source may have been the very enclosure that protected the residents; their houses were quaking.
In extreme cold weather conditions we can learn rudimentary lessons in physics. Materials that make up our buildings change with their environment. In the winter, all exposed materials will slowly shrink as the temperature falls. In addition, fibrous or porous materials, such as wood, will also give up moisture to the surrounding dry winter air, accentuating their shrinking or contraction. In the spring, as the environment warms and the air gains moisture, wood will gradually swell and expand to its “normal” size and proportions."
Get the final answer at Carlton Now
Saturday, March 01, 2014
Keeping cool when markets get hot
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., 2014
Volume 16, Issue 3
Dear Friends and Partners,
I received an email from an investment group based overseas. The email stated that “Property prices have gone up 37% this year!” it went on to say that now is the time to invest.
There is nothing wrong buying quality assets, that cash-flow after stress tests, are in solid areas and offer value. There is something really wrong with buying a property in a frothy market, with sketchy economic fundamentals (if any) just because, well the market is rising. If you are an experienced flipper and are willing to gamble on buying near the peak, that may be a risk you are willing to take.
For me, I want to invest in assets that can weather economic storms, are well priced and deliver value even when the economy is in a down-cycle. I’ve reflected on that a lot lately; our market here in Edmonton is good and moving into an upward trend, it still means that one has to buy right. Even if that means letting other investors pay a premium to own an asset.
Keep your head in a hot market, but do pull the trigger and buy at the price that makes sense.
North West Edmonton: 6-Plex Cashflow Apartment
Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units. Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.
*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.
Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)
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!
=========================
Edmonton on the rise as building permits boom, says city’s chief economist
By Dan Barnes, Edmonton Journal, February 6th, 2014
Look out Calgary, Edmonton is building momentum, along with all those houses, condos, office towers, industrial warehouses and storefronts.
In fact, with a staggering value of $5.53 billion, 2013 was either the biggest year for building permits in the Edmonton census metropolitan area, or in the top three, according to the city’s chief economist John Rose. And the city is gaining fast on Calgary, which reported $6.04 billion in permit value for 2013.
“Right now, we’re neck and neck,” said Rose. “Typically we’ve been behind Calgary. We’re doing very, very well indeed.”
And, if the building permit for the proposed Katz Group tower that will house all Edmonton city employees is issued in 2014, there could be a change at the top. FOLLOW THIS ARTICLE
===============
Alberta’s business leaders and consumers optimistic
But small drop in confidence about economy
By Mario Toneguzzi, Calgary Herald, February 6th, 2014
CALGARY - Alberta business leaders and consumers remain optimistic overall despite the latest PwC Business and Consumer Confidence Index showing a small drop in confidence in the economy since November.
PwC said responses from business leaders about economic confidence has fallen compared with November (2.8 per cent decrease). Confidence in current business conditions has declined by 7.9 per cent in January after an upward trend. Optimism about future employment decreased by 4.9 per cent compared with November, continuing the downward trend.
“There’s a bit of a near-term caution and that’s reflected by the downward trend in the current business conditions index which is an indicator of what people think today,” said Ian Gunn, Alberta Private Company Services Leader at PwC in Calgary. The good sign is the long-term view is positive and actually increased slightly.” GRAB THIS STORY
===============
Alberta annual retail sales growth best in Canada despite drop in December
“Extreme weather” and Black Friday keep sales under November total
By Mario Toneguzzi, Calgary Herald, February 21st, 2014
CALGARY - While retail sales dropped in Alberta in December due to cold weather and November Black Friday promotions, the province still led the country with the highest annual growth rate as sales reached $6.2 billion for the month.
Statistics Canada reported Friday that sales in Alberta fell by 1.1 per cent from November and they were down 1.8 per cent across the country to $40.2 billion.
But on a year-over-year basis, retail sales were up by 7.3 per cent in Alberta, which was the highest in the country, and by 3.4 per cent in Canada.
Wayne Renick, president and chief executive of Jersey City, a Calgary-based sports merchandising company, said the business did well in December and the first part of the new year is promising thanks to the Olympics taking place. 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.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen
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
March 1st., 2014
Volume 16, Issue 3
Dear Friends and Partners,
I received an email from an investment group based overseas. The email stated that “Property prices have gone up 37% this year!” it went on to say that now is the time to invest.
There is nothing wrong buying quality assets, that cash-flow after stress tests, are in solid areas and offer value. There is something really wrong with buying a property in a frothy market, with sketchy economic fundamentals (if any) just because, well the market is rising. If you are an experienced flipper and are willing to gamble on buying near the peak, that may be a risk you are willing to take.
For me, I want to invest in assets that can weather economic storms, are well priced and deliver value even when the economy is in a down-cycle. I’ve reflected on that a lot lately; our market here in Edmonton is good and moving into an upward trend, it still means that one has to buy right. Even if that means letting other investors pay a premium to own an asset.
Keep your head in a hot market, but do pull the trigger and buy at the price that makes sense.
North West Edmonton: 6-Plex Cashflow Apartment
Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units. Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.
*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.
Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)
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!
=========================
Edmonton on the rise as building permits boom, says city’s chief economist
By Dan Barnes, Edmonton Journal, February 6th, 2014
Look out Calgary, Edmonton is building momentum, along with all those houses, condos, office towers, industrial warehouses and storefronts.
In fact, with a staggering value of $5.53 billion, 2013 was either the biggest year for building permits in the Edmonton census metropolitan area, or in the top three, according to the city’s chief economist John Rose. And the city is gaining fast on Calgary, which reported $6.04 billion in permit value for 2013.
“Right now, we’re neck and neck,” said Rose. “Typically we’ve been behind Calgary. We’re doing very, very well indeed.”
And, if the building permit for the proposed Katz Group tower that will house all Edmonton city employees is issued in 2014, there could be a change at the top. FOLLOW THIS ARTICLE
===============
Alberta’s business leaders and consumers optimistic
But small drop in confidence about economy
By Mario Toneguzzi, Calgary Herald, February 6th, 2014
CALGARY - Alberta business leaders and consumers remain optimistic overall despite the latest PwC Business and Consumer Confidence Index showing a small drop in confidence in the economy since November.
PwC said responses from business leaders about economic confidence has fallen compared with November (2.8 per cent decrease). Confidence in current business conditions has declined by 7.9 per cent in January after an upward trend. Optimism about future employment decreased by 4.9 per cent compared with November, continuing the downward trend.
“There’s a bit of a near-term caution and that’s reflected by the downward trend in the current business conditions index which is an indicator of what people think today,” said Ian Gunn, Alberta Private Company Services Leader at PwC in Calgary. The good sign is the long-term view is positive and actually increased slightly.” GRAB THIS STORY
===============
Alberta annual retail sales growth best in Canada despite drop in December
“Extreme weather” and Black Friday keep sales under November total
By Mario Toneguzzi, Calgary Herald, February 21st, 2014
CALGARY - While retail sales dropped in Alberta in December due to cold weather and November Black Friday promotions, the province still led the country with the highest annual growth rate as sales reached $6.2 billion for the month.
Statistics Canada reported Friday that sales in Alberta fell by 1.1 per cent from November and they were down 1.8 per cent across the country to $40.2 billion.
But on a year-over-year basis, retail sales were up by 7.3 per cent in Alberta, which was the highest in the country, and by 3.4 per cent in Canada.
Wayne Renick, president and chief executive of Jersey City, a Calgary-based sports merchandising company, said the business did well in December and the first part of the new year is promising thanks to the Olympics taking place. 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.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen
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.
Saturday, February 15, 2014
Investment income brings you to the 1%
This Globe and Mail video looks and the income and demographics of Canada's 1%.
I knew they would be in management and health related industries but I was happy to learn they are also likely to be self-employed and/or earn their income from investments.
They also pay 42% of the taxes in Canada. A further by province breakdown relating to taxes can be found here.
There used to be and All Canadian wealth test but it is down. If you'd like to know where you rate try CNN's wealth test.
I knew they would be in management and health related industries but I was happy to learn they are also likely to be self-employed and/or earn their income from investments.
They also pay 42% of the taxes in Canada. A further by province breakdown relating to taxes can be found here.
There used to be and All Canadian wealth test but it is down. If you'd like to know where you rate try CNN's wealth test.
Teamwork
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
February 15th., 2014
Volume 16, Issue 2
Dear Friends and Partners,
Denny Morrison almost never falls. He could never remember falling in a race, and maybe only three times in more than a decade of training. But in late December, on his final lap of the 1,000-metre race at the Canadian Olympic trials, with the Olympics perhaps 50 metres away, the veteran speed skater clipped his right heel, and he fell.
He slid across the line late and failed to qualify. Morrison had hit low points before — he broke his leg while skiing in 2012 — but this time, he needed someone to pick him up.
If you’re not familiar with this story read it here.
Rarely do we see genuine teamwork in action unless we are personally involved with the team, the business or the group. I found Gilmore Junio’s decision to put his team and his teammate in front of his own personal goals so powerful and exciting; even ‘fresh’.
It's ironic to say that putting a team mate ahead of one’s self is a ‘fresh’ or new idea because it is in fact one of the oldest and most ingrained in true character. Maybe it is simply ‘refreshing’ to see it in action when the stakes are so high.
Let’s all take a page from Junio and a page from Morrison on what actions to model, victories to strive for. Well done!
North West Edmonton: Cash-flow: Suited Bungalow Reno Property in Glengarry
Turbo
charge your portfolio. This semi-suited bungalow is located in the
mature area of Glengarry. It is rough, ugly and bought for good value.
This 1962 built property has a front entrance for the upper unit and a rear entry for the lower suite. Our renovation team will fix this from top to bottom.
Renos to include all flooring, kitchens, bathrooms, fixtures, paint and much more. We use our special PPI strategy to wrap the repairs into the mortgage.
The suite is to be completed up to city code. 3 BD upper, 1 BD lower, en suite laundry and detached garage. Great access to 137 AV and 82nd st right to the Yellowhead and downtown.
Purchase price is $265K + $50K renovation package for a total of $315K - CF all day long and equity of approximately $20K.
Comes complete with great tenants making this a totally turn-key property for you. Convenient north west area with easy access to transit and downtown. Glengarry is a mature area with plenty of schools, park and amenities. Highly rent-able; 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 growing core.
Purchase price: $315K
Total Investment: $75,341K.
Your Estimated 5 Year Profit $42,432.65K.
Your pre-tax Total ROI is 56% or 11% per year
These 2 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 workers most confident in economy
Also most confident in Canada in finding new jobs
By Mario Toneguzzi, Calgary Herald, January 23rd, 2014
CALGARY - Alberta workers are the most confident in the country when it comes to the strength of the Canadian economy.
A new study, conducted by Ipsos-Reid on behalf of Randstad Canada and released Thursday, said 35 per cent of workers in Alberta were more positive this year than last year about the overall economy followed by 32 per cent in British Columbia.
The Randstad Canada Labour Trends Study 2014 found that 30 per cent of Canadians feel more confident about the economy heading into 2014 than last year.
Overall, 25 per cent of Canadians felt more confident in the job market this year than last year with 31.3 per cent of Albertans feeling that way.
“While 2013 may not stand out in anyone’s mind as a banner year for the Canadian job market or the economy overall, it is encouraging to see even cautious optimism from both employees and employers about this year’s prospects on both fronts,” said Tom Turpin, president of Randstad Canada, in a news release.
FOLLOW THIS ARTICLE
===============
Alberta’s Oilsands touted as giants of Canada’s economy
Calgary Chamber of Commerce not surprised by IHS report
By CBC News, February 13th, 2014
Alberta's oilsands contributed more to Canada's economy than the entire province of Saskatchewan, suggests a new study released Wednesday. According to Oilsands Economic Benefits: Today and in the Future, the oilsands contributed $91 billion of Canada's gross domestic product (GDP) and is the giant of Canada's economy.
"[Oilsands] production already represents a significant economic contribution to the Canadian economy, with annual expenditures already greater than the gross domestic product of half of the Canadian provinces," said Jackie Forrest, IHS's senior director in charge of the Oil Sands Dialogue project.
"Those contributions, in terms of jobs, economic growth and government revenues will continue to grow along with [oilsands] development."
The report suggests the oilsands will support more than 753,000 jobs by 2025.
That number is nearly double the current number of jobs supported by the fields, which hovers around 478,000, and would be equivalent to five per cent of Canada's total employment in 2012. READ MORE HERE
===============
Alberta Welfare Rate dips to lowest level since 1970s
By Jason Van Rassel, Calgary Herald, February 13th, 2014
The current welfare rate in Alberta is half that of Ontario’s and the lowest it has been since the 1970s, according to data compiled by University of Calgary researchers.
A study released Thursday documents overall welfare rate declines across the country — what it doesn’t do, however, is explain the trend.
“Is it a positive sign suggesting that the country has made significant strides in keeping people from needing to receive social assistance or is it a sign that public policies have simply made it too difficult for those deserving of support to receive it?,” wrote the authors, U of C School of Public Policy professors Ron Kneebone and Katherine White.
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.
“An ounce of performance is worth a pound of promises." - Mae West
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
February 15th., 2014
Volume 16, Issue 2
Dear Friends and Partners,
Denny Morrison almost never falls. He could never remember falling in a race, and maybe only three times in more than a decade of training. But in late December, on his final lap of the 1,000-metre race at the Canadian Olympic trials, with the Olympics perhaps 50 metres away, the veteran speed skater clipped his right heel, and he fell.
He slid across the line late and failed to qualify. Morrison had hit low points before — he broke his leg while skiing in 2012 — but this time, he needed someone to pick him up.
If you’re not familiar with this story read it here.
Rarely do we see genuine teamwork in action unless we are personally involved with the team, the business or the group. I found Gilmore Junio’s decision to put his team and his teammate in front of his own personal goals so powerful and exciting; even ‘fresh’.
It's ironic to say that putting a team mate ahead of one’s self is a ‘fresh’ or new idea because it is in fact one of the oldest and most ingrained in true character. Maybe it is simply ‘refreshing’ to see it in action when the stakes are so high.
Let’s all take a page from Junio and a page from Morrison on what actions to model, victories to strive for. Well done!
North West Edmonton: Cash-flow: Suited Bungalow Reno Property in Glengarry
Turbo
charge your portfolio. This semi-suited bungalow is located in the
mature area of Glengarry. It is rough, ugly and bought for good value.This 1962 built property has a front entrance for the upper unit and a rear entry for the lower suite. Our renovation team will fix this from top to bottom.
Renos to include all flooring, kitchens, bathrooms, fixtures, paint and much more. We use our special PPI strategy to wrap the repairs into the mortgage.
The suite is to be completed up to city code. 3 BD upper, 1 BD lower, en suite laundry and detached garage. Great access to 137 AV and 82nd st right to the Yellowhead and downtown.
Purchase price is $265K + $50K renovation package for a total of $315K - CF all day long and equity of approximately $20K.
Comes complete with great tenants making this a totally turn-key property for you. Convenient north west area with easy access to transit and downtown. Glengarry is a mature area with plenty of schools, park and amenities. Highly rent-able; 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 growing core.
Purchase price: $315K
Total Investment: $75,341K.
Your Estimated 5 Year Profit $42,432.65K.
Your pre-tax Total ROI is 56% or 11% per year
These 2 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 workers most confident in economy
Also most confident in Canada in finding new jobs
By Mario Toneguzzi, Calgary Herald, January 23rd, 2014
CALGARY - Alberta workers are the most confident in the country when it comes to the strength of the Canadian economy.
A new study, conducted by Ipsos-Reid on behalf of Randstad Canada and released Thursday, said 35 per cent of workers in Alberta were more positive this year than last year about the overall economy followed by 32 per cent in British Columbia.
The Randstad Canada Labour Trends Study 2014 found that 30 per cent of Canadians feel more confident about the economy heading into 2014 than last year.
Overall, 25 per cent of Canadians felt more confident in the job market this year than last year with 31.3 per cent of Albertans feeling that way.
“While 2013 may not stand out in anyone’s mind as a banner year for the Canadian job market or the economy overall, it is encouraging to see even cautious optimism from both employees and employers about this year’s prospects on both fronts,” said Tom Turpin, president of Randstad Canada, in a news release.
FOLLOW THIS ARTICLE
===============
Alberta’s Oilsands touted as giants of Canada’s economy
Calgary Chamber of Commerce not surprised by IHS report
By CBC News, February 13th, 2014
Alberta's oilsands contributed more to Canada's economy than the entire province of Saskatchewan, suggests a new study released Wednesday. According to Oilsands Economic Benefits: Today and in the Future, the oilsands contributed $91 billion of Canada's gross domestic product (GDP) and is the giant of Canada's economy.
"[Oilsands] production already represents a significant economic contribution to the Canadian economy, with annual expenditures already greater than the gross domestic product of half of the Canadian provinces," said Jackie Forrest, IHS's senior director in charge of the Oil Sands Dialogue project.
"Those contributions, in terms of jobs, economic growth and government revenues will continue to grow along with [oilsands] development."
The report suggests the oilsands will support more than 753,000 jobs by 2025.
That number is nearly double the current number of jobs supported by the fields, which hovers around 478,000, and would be equivalent to five per cent of Canada's total employment in 2012. READ MORE HERE
===============
Alberta Welfare Rate dips to lowest level since 1970s
By Jason Van Rassel, Calgary Herald, February 13th, 2014
The current welfare rate in Alberta is half that of Ontario’s and the lowest it has been since the 1970s, according to data compiled by University of Calgary researchers.
A study released Thursday documents overall welfare rate declines across the country — what it doesn’t do, however, is explain the trend.
“Is it a positive sign suggesting that the country has made significant strides in keeping people from needing to receive social assistance or is it a sign that public policies have simply made it too difficult for those deserving of support to receive it?,” wrote the authors, U of C School of Public Policy professors Ron Kneebone and Katherine White.
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.
“An ounce of performance is worth a pound of promises." - Mae West
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, February 06, 2014
Wednesday, February 05, 2014
My CDs
I've rediscovered all my old CDs. They aren't music albums but 1000's of hours of business leaders, self help, motivational speakers and business gurus.
Right now I'm listening to Robert Kiyosaki. He talks about the velocity of investing how some people go slow and steady while others constantly propel their money to greater rewards.
It made me think of one of the first houses Todd and I bought in Edmonton. It's a suited bungalow in an EXCELLENT area:
Main - 3 bedroom 1 bath
Basement 2 bedroom 1 bath
Beautiful (only an investor or mechanic thinks like this) Double Detached Garage
We bought it in 2005 for $225,000 with $25,000 down payment. We haven't accerated our mortgage and we haven't always gotten the best rates. It's just been slow and steady with this property.
Current specs
Total income $2315/month
Total expenses $1942/month
NET CASH FLOW $373 per month
It's not grand cash flow but that's pretty good. We use a rule of a minimum of $150 a door to be a good rental property.
The best part is the equity and the appreciation over the last 9 years. That house with the suite would sell for $350,000 (modest estimate) in this market. My mortgage balance is $145,000.
We have over $205,000k equity in that house. Of course some say the value could drop, the rents could decrease the sky could fall. They did in 2007 but I still have that house.
I have many outs (ways to leave an investment) with this property.
1. I could sell it
2. I could pay it down and live off income
3. I could give it to my children - an incredible gift
4. I could refinance it and buy a new investment = two streams of income.
5. I could do nothing
We've done nothing special, just paid the mortgage and plodded on with this property. Yet the velocity and growth of that initial $25k is phenomenal.
Do you see the value in real estate? Now imagine if you buy 3 or 5?
Right now I'm listening to Robert Kiyosaki. He talks about the velocity of investing how some people go slow and steady while others constantly propel their money to greater rewards.
It made me think of one of the first houses Todd and I bought in Edmonton. It's a suited bungalow in an EXCELLENT area:
Main - 3 bedroom 1 bath
Basement 2 bedroom 1 bath
Beautiful (only an investor or mechanic thinks like this) Double Detached Garage
We bought it in 2005 for $225,000 with $25,000 down payment. We haven't accerated our mortgage and we haven't always gotten the best rates. It's just been slow and steady with this property.
Current specs
Total income $2315/month
Total expenses $1942/month
NET CASH FLOW $373 per month
It's not grand cash flow but that's pretty good. We use a rule of a minimum of $150 a door to be a good rental property.
The best part is the equity and the appreciation over the last 9 years. That house with the suite would sell for $350,000 (modest estimate) in this market. My mortgage balance is $145,000.
We have over $205,000k equity in that house. Of course some say the value could drop, the rents could decrease the sky could fall. They did in 2007 but I still have that house.
I have many outs (ways to leave an investment) with this property.
1. I could sell it
2. I could pay it down and live off income
3. I could give it to my children - an incredible gift
4. I could refinance it and buy a new investment = two streams of income.
5. I could do nothing
We've done nothing special, just paid the mortgage and plodded on with this property. Yet the velocity and growth of that initial $25k is phenomenal.
Do you see the value in real estate? Now imagine if you buy 3 or 5?
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