Although we rank high out of resource rich jurisdictions, a lofty 7 out of 58 regions, we still have to work on environmental assessments, royalties distribution and management of the Heritage Trust Fund are keeping us from really soaring.
"Andrew Bauer, economic analyst with Revenue Watch, said Alberta is
“doing really well” but royalties and environmental assessments are in
need of improvement.
“These resources belong to the citizens, and
the question is always: How do you split the profits between companies
who are doing the extraction and the government that owns the resources
on behalf of the citizens?
“Alberta receives a very low share of
resource rents relative to other oil- and mineral-rich jurisdictions,”
Bauer said. “The discussion around how much Alberta gets and how much
Alberta should get, it’s just not happening.”
Jump to read more
In other news
Clark and Redford about to thaw - will the two premiers come to some agreement on the Gateway Pipeline? Read More
Alberta power prices set for summer spikes - are you ready for a big price hike? These kinds of fluctuations in utilities can affect cash-flow if you include utilities in your rent. Jump here
Monday, May 27, 2013
Tuesday, May 21, 2013
Steve Chandler - Free Gift Madness
"Steve Chandler is now the author of 30 books that have been translated into over 25 languages. His personal success coaching, public speaking and business consulting have been used by CEOs, top professionals, major universities, and over 30 Fortune 500 companies. He has twice won the national Audio of the Year award from King Features Syndicate. A popular guest on TV and radio talk shows, Steve Chandler has recently been called "the most powerful public speaker in America today."
Right now if you sign up for his newsletter you can get some amazing ebooks and a couple of webinars. It's a pretty great deal!
Take a look at his BLOG
Follow this link to get the goods GO
Tuesday, May 14, 2013
Love him or loathe him...
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
May 14th., 2013
Volume 14, Issue 6
Dear Friends and Partners,
Like him or hate him, Kevin O'Leary delivers some sage advice in his interview below, be certain to read it!
Spring has sprung and with it lots of activity in the housing market. Lots of new listings and for homes that are well prices ($300K-$340K) are selling fast. Townhouses continue to lag in pricing and multifamily are selling fast and for higher prices than last fall.
I have seen tax assessments jump a $100K for small multifamily in target areas - good for what you're holding, bad for what you want to buy.
Get positioned now as there are still bargains out there.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable River Valley.
Purchase price: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% or 12% per year
These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Lamphier: From the Dragon's mouth: Kevin O'Leary talks oil, government and the Chinese economy
By Gary Lamphier, Edmonton Journal, May 2nd 2013
EDMONTON - He’s the flinty, blunt-spoken star of two hit TV shows: CBC’s Dragons' Den and ABC’s Shark Tank.
Along with business journalist Amanda Lang — whom he calls “the best-looking communist on television” — he also co-hosts CBC’s daily Lang & O’Leary Exchange.
Love him or loathe him — and there are plenty of folks in the latter camp — Kevin O’Leary’s snarling mug is everywhere these days.
Like hockey loudmouth Don Cherry or real estate mogul Donald Trump, O’Leary’s bombastic, in-your-face style has earned him a kind of cult celebrity status.
The founder of The Learning Co., which he sold to Mattel for nearly $4 billion in 1999, O’Leary chairs a billion-dollar mutual fund empire (O’Leary Funds), boasts his own line of award-winning wines (O’Leary Fine Wines), and is the best-selling author of The Cold Hard Truth on Men, Women & Money. FOLLOW THIS ARTICLE
===============
Alberta Forecast to Lead Economic Growth in 2014
By Mario Toneguzzi, Calgary Herald, April 30th 2013
Alberta's economy will be second to Newfoundland & Labrabor in terms of 2013 growth before leading the country next year, according to a new RBC Economics forecast.
It said Alberta's real growth domestic product will increase 3 per cent this year, with Newfoundland and Labrador at 5.1 per cent. Nationally, growth is forecast to be 1.8 per cent.
The RBC report says Alberta will best all provinces in 2014 with real GDP growth of 4.2 per cent.
Statistics Canada last week said Alberta, for a second straight year, led the country with growth of 3.9 per cent in 2012, compared with 1.8 per cent across the country. GRAB THIS STORY
===============
International Price Gap for Heavy Oil a Wasted Opportunity for Alberta
By Shawn McCarthy, Globe and Mail, May 2nd 2013
Heavy oil producers are receiving top dollar in international markets, even as Alberta oil sands producers face ongoing frustration in trying to reach the refiners who are eager to process their diluted bitumen.
Petroleos Mexicanos (Pemex) competes with Canadian heavy oil producers in the Gulf of Mexico, and its heavy Mayan crude is currently priced at $96 (U.S.) a barrel, $5 more than the trendsetting light crude, West Texas Intermediate, and nearly $30 more than Canadian heavy crude was fetching in the North American futures market. GRAB THIS STORY
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"The life of every man is a diary in which he means to write one story, and writes another." -James Matthew Barrie
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
May 14th., 2013
Volume 14, Issue 6
Dear Friends and Partners,
Like him or hate him, Kevin O'Leary delivers some sage advice in his interview below, be certain to read it!
Spring has sprung and with it lots of activity in the housing market. Lots of new listings and for homes that are well prices ($300K-$340K) are selling fast. Townhouses continue to lag in pricing and multifamily are selling fast and for higher prices than last fall.
I have seen tax assessments jump a $100K for small multifamily in target areas - good for what you're holding, bad for what you want to buy.
Get positioned now as there are still bargains out there.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable River Valley.
Purchase price: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% or 12% per year
These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Lamphier: From the Dragon's mouth: Kevin O'Leary talks oil, government and the Chinese economy
By Gary Lamphier, Edmonton Journal, May 2nd 2013
EDMONTON - He’s the flinty, blunt-spoken star of two hit TV shows: CBC’s Dragons' Den and ABC’s Shark Tank.
Along with business journalist Amanda Lang — whom he calls “the best-looking communist on television” — he also co-hosts CBC’s daily Lang & O’Leary Exchange.
Love him or loathe him — and there are plenty of folks in the latter camp — Kevin O’Leary’s snarling mug is everywhere these days.
Like hockey loudmouth Don Cherry or real estate mogul Donald Trump, O’Leary’s bombastic, in-your-face style has earned him a kind of cult celebrity status.
The founder of The Learning Co., which he sold to Mattel for nearly $4 billion in 1999, O’Leary chairs a billion-dollar mutual fund empire (O’Leary Funds), boasts his own line of award-winning wines (O’Leary Fine Wines), and is the best-selling author of The Cold Hard Truth on Men, Women & Money. FOLLOW THIS ARTICLE
===============
Alberta Forecast to Lead Economic Growth in 2014
By Mario Toneguzzi, Calgary Herald, April 30th 2013
Alberta's economy will be second to Newfoundland & Labrabor in terms of 2013 growth before leading the country next year, according to a new RBC Economics forecast.
It said Alberta's real growth domestic product will increase 3 per cent this year, with Newfoundland and Labrador at 5.1 per cent. Nationally, growth is forecast to be 1.8 per cent.
The RBC report says Alberta will best all provinces in 2014 with real GDP growth of 4.2 per cent.
Statistics Canada last week said Alberta, for a second straight year, led the country with growth of 3.9 per cent in 2012, compared with 1.8 per cent across the country. GRAB THIS STORY
===============
International Price Gap for Heavy Oil a Wasted Opportunity for Alberta
By Shawn McCarthy, Globe and Mail, May 2nd 2013
Heavy oil producers are receiving top dollar in international markets, even as Alberta oil sands producers face ongoing frustration in trying to reach the refiners who are eager to process their diluted bitumen.
Petroleos Mexicanos (Pemex) competes with Canadian heavy oil producers in the Gulf of Mexico, and its heavy Mayan crude is currently priced at $96 (U.S.) a barrel, $5 more than the trendsetting light crude, West Texas Intermediate, and nearly $30 more than Canadian heavy crude was fetching in the North American futures market. GRAB THIS STORY
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"The life of every man is a diary in which he means to write one story, and writes another." -James Matthew Barrie
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Tuesday, April 30, 2013
Drivers get ready
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
May 1st., 2013
Volume 14, Issue 6
Dear Friends and Partners,
As we dip into Q2 its like a touch of spring optimism with the occasional chill of winter caution. You can see some interesting developments in Northern BC and Western Alberta in regards to Suncore's sale of their conventional gas play to two U.K. based companies. I see this as a very positive sign for Suncore to redeploy this capital (along with the cancelled Voyageur upgrader) to the proposed Kitimat LNG port.
I also think that Centrica and Qatar will be keen to develop (and export) their newly acquired fields. Gas has taken a beating the past few years peaking at $14 BTU and wallowing at $2 BTU but is trading near $4.20 at the time of writing. Although most drillers want to see north of $6 to drill more, we're heading in the right direction.
Many of the economic drivers we research are lined up. Where the market seems to waiver is in confidence of which direction the global market will turn. Overall - we're sailing with a strong wind behind us.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable River Valley.
Purchase price: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% or 12% per year
These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Centrica, Qatar Buy Suncor's Gas Fields for $1 Billion
By Brian Swint and Nidaa Bakhsh, Bloomberg, April 15th 2013
Centrica Plc (CNA) and state-run Qatar Petroleum agreed to buy natural gas fields from Canada’s Suncor Energy Inc. (SU) for C$1 billion ($981 million) as the largest U.K. household-energy company seeks added supplies for North American customers.
The assets, mostly in southern and central Alberta, will be operated by Centrica and produce about 250 million cubic feet of gas a day this year, the company said in a statement today. Centrica will own 60 percent and Qatar Petroleum International 40 percent. The deal is Qatar Petroleum’s first investment in an overseas gas field and the first by the two companies under a cooperation accord signed in December 2011.
“The acquisition provides attractive returns in a region we know well, and significantly increases the size and quality of our portfolio,” Sam Laidlaw, chief executive officer of Windsor-based Centrica, said in the statement. With the prospect to develop another 1 million acres, it has “the potential to improve returns further.” FOLLOW THIS ARTICLE
===============
Will Eastern Oil Pipelines Lead to Lower Prices at the Pump for Canadians?
By Lauren Krugel, Globe and Mail, April 19th 2013
The Conservatives in Ottawa are staunch supporters, the New Democrats have called it a “win-win-win” and the premiers of Alberta and New Brunswick have loudly touted the benefits of an oil pipeline from west to east.
But the degree to which Eastern consumers will benefit at the pump is unclear, as it’s up to the pipeline’s customers – oil producers at one end and refineries at the other – to determine which barrels go where.
“One thing that I’ve learned over the years is the market will do what the market will do and it’s difficult to predict beforehand,” said Geoff Hill, oil and gas sector leader at Deloitte Canada.
The crude could flow to Eastern refineries clamoring for cheaper domestic supplies. Or, offshore buyers may drink it up. Most likely, it will be a combination of both. READ MORE HERE
===============
Energy Firms Want More Oil and Natural Gas Processing in Alberta
More oil and natural gas processing in Alberta could bring in an extra $600 million
By Beacon Reporter, Beacon News, April 17th 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
A new report says Alberta could take in an extra $600 million in annual revenue if there was more oil and natural gas processing in Alberta.
The report says processing locally instead of shipping raw to other jurisdictions could increase the province’s gross domestic product (GDP) by $6 billion a year, creating 18,000 new jobs that pay $1.8 billion a year in salaries.
The paper by a University of Calgary economist was commissioned by municipalities and energy companies in the Edmonton region known as Alberta’s Industrial Heartland Association. GRAB THIS STORY
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"It's never crowded along the extra mile." -Wayne Dyer
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Thursday, April 18, 2013
Edmonton a history in Pictures
 |
| from i65photobucket.com |
You can vote and have a say on what historical pictures of Edmonton go into a calendar they are making (not sure for when I think 2014).
Some are so interesting as you can see huge changes to familiar areas now. The comments are also enlightening hearing from people who these pictures spark memories of events from their lives.
Check it out! Vintage Edmonton
Tuesday, April 16, 2013
Alberta Current Market - REIN Newsletter
"When it comes to the real estate market, the conjecture is flowing, the
questions being posed, the concern mounting. In the majority of the
country, this concern is all focused on markets perceived to be
‘over-priced’ or ‘over-heated.’
However, with a quick trip west to Alberta you find the concern is on the opposite end of the scale with the experts asking the question: “Why isn’t the market booming like it was in 2007?”
This is a great question because I feel like we are back in 2006 - mortgage rates are low, employment figures are high, in-migration is visibly high and yet the house prices are lagging....
READ WHY
However, with a quick trip west to Alberta you find the concern is on the opposite end of the scale with the experts asking the question: “Why isn’t the market booming like it was in 2007?”
This is a great question because I feel like we are back in 2006 - mortgage rates are low, employment figures are high, in-migration is visibly high and yet the house prices are lagging....
READ WHY
Monday, April 15, 2013
The Rabbit and The Crow
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
April 15th., 2013
Volume 14, Issue 5
Dear Friends and Partners,
A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not." So, the rabbit sat on the ground below the crow, and rested. All of a sudden a fox appeared, jumped on the rabbit, and ate it.
Management Lesson:
To be sitting and doing nothing, you must be sitting very, very high up.
I was reminded of this parable while watching my two sons play; I watch my older son do things that immediately are copied by the 17 month old with completely different and often disastrous results. Such is life.
It reminds me to keep me that what others are doing isn't necessarily good for me. I have to weigh every choice that comes my way and determine it's future effect on my portfolio/life/waistline.
If only that rabbit had weighed his options just a little longer...
South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Momentum Builds for Alberta Oil Pipeline to East Coast TransCanada asks producers to sign take-or-pay contracts
By Dan Healing, Calgary Herald, April 2nd 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
Calgary-based TransCanada Corp. — the energy transporter trying to build the Keystone XL pipeline to Texas — announced it will hold a binding open season on its proposed Energy East Pipeline to gauge shipper support.
The project, estimated to cost between $5 billion and $6 billion, would involve converting part of its existing west-to-east natural gas Mainline to carry oil from Alberta to Quebec, with a new extension to the port city of Saint John, N.B., where it would be able to access export markets where oil currently fetches higher prices. GRAB THIS STORY
===============
The Oil Sands are an Amazing Story Canada's Not Telling
By Todd Babiak, Globe and Mail, March 1st 2013
How Green Was My Valley, the novel by Welsh writer Richard Llewellyn, is about a young man born into a village of black air, of strikes, of deadly explosions. At the end, you’re keen to accompany the hero, Huw Morgan, out of the coal mines.
More than 50 years earlier, Émile Zola had come to similar conclusions in Germinal.
The novelists and filmmakers who adapted these two works for cinema focused on people – particularly the miners. They were sad, happy, passionate, defeated, pure, compromised, creative, dull, intelligent, stupid.
That is, alive. FOLLOW THIS ARTICLE
===============
Alberta's Bold Plan to Cut Emissions Stuns Ottawa and Oil Industry
By Shawn McCarthy and Nathan Vanderklippe, Globe and Mail, April 4th 2013
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
Alberta Environment Minister Diana McQueen stunned a recent meeting in Calgary attended by senior oil executives and her federal counterpart, Peter Kent, with the proposal, which goes well beyond anything Ottawa or the companies contemplated, industry and government sources said Wednesday.
The three sides are engaged in intense negotiations, with the industry warning that regulations that are too onerous could undermine the competitiveness of the oil sands sector as it seeks international investment to drive production growth. READ MORE HERE
===============
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner." -Les Brown
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
April 15th., 2013
Volume 14, Issue 5
Dear Friends and Partners,
A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not." So, the rabbit sat on the ground below the crow, and rested. All of a sudden a fox appeared, jumped on the rabbit, and ate it.
Management Lesson:
To be sitting and doing nothing, you must be sitting very, very high up.
I was reminded of this parable while watching my two sons play; I watch my older son do things that immediately are copied by the 17 month old with completely different and often disastrous results. Such is life.
It reminds me to keep me that what others are doing isn't necessarily good for me. I have to weigh every choice that comes my way and determine it's future effect on my portfolio/life/waistline.
If only that rabbit had weighed his options just a little longer...
South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Momentum Builds for Alberta Oil Pipeline to East Coast TransCanada asks producers to sign take-or-pay contracts
By Dan Healing, Calgary Herald, April 2nd 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
Calgary-based TransCanada Corp. — the energy transporter trying to build the Keystone XL pipeline to Texas — announced it will hold a binding open season on its proposed Energy East Pipeline to gauge shipper support.
The project, estimated to cost between $5 billion and $6 billion, would involve converting part of its existing west-to-east natural gas Mainline to carry oil from Alberta to Quebec, with a new extension to the port city of Saint John, N.B., where it would be able to access export markets where oil currently fetches higher prices. GRAB THIS STORY
===============
The Oil Sands are an Amazing Story Canada's Not Telling
By Todd Babiak, Globe and Mail, March 1st 2013
How Green Was My Valley, the novel by Welsh writer Richard Llewellyn, is about a young man born into a village of black air, of strikes, of deadly explosions. At the end, you’re keen to accompany the hero, Huw Morgan, out of the coal mines.
More than 50 years earlier, Émile Zola had come to similar conclusions in Germinal.
The novelists and filmmakers who adapted these two works for cinema focused on people – particularly the miners. They were sad, happy, passionate, defeated, pure, compromised, creative, dull, intelligent, stupid.
That is, alive. FOLLOW THIS ARTICLE
===============
Alberta's Bold Plan to Cut Emissions Stuns Ottawa and Oil Industry
By Shawn McCarthy and Nathan Vanderklippe, Globe and Mail, April 4th 2013
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
Alberta Environment Minister Diana McQueen stunned a recent meeting in Calgary attended by senior oil executives and her federal counterpart, Peter Kent, with the proposal, which goes well beyond anything Ottawa or the companies contemplated, industry and government sources said Wednesday.
The three sides are engaged in intense negotiations, with the industry warning that regulations that are too onerous could undermine the competitiveness of the oil sands sector as it seeks international investment to drive production growth. READ MORE HERE
===============
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner." -Les Brown
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Thursday, April 11, 2013
Never Stop Learning
I signed up for a seminar from Chris at Credit Info Canada. I love seminars. Even at the worst ones I've been able to come away with 1 nugget that will help me improve my business.
I also love meeting people who are going through the exact same challenges day in and day out that I am. We share ideas, contacts and who knows you may even walk away with the golden egg in Alberta - a good handyman.
Chris has been a featured speaker at REIN events and his company fills a unique niche for landlords. They offer special packages from simple credit screenings to tenanting to evictions. I've received money from bad debt that Chris has managed to collect - big smiles here.
I also love meeting people who are going through the exact same challenges day in and day out that I am. We share ideas, contacts and who knows you may even walk away with the golden egg in Alberta - a good handyman.
Chris has been a featured speaker at REIN events and his company fills a unique niche for landlords. They offer special packages from simple credit screenings to tenanting to evictions. I've received money from bad debt that Chris has managed to collect - big smiles here.
Advanced landlording
101
“Minimize your
headaches, maximize your returns”
Please accept
this invitation to attend the ‘rental course’ that may change the way you do
business.
After
numerous requests, Chris Bradnam, owner of Credit Info Canada, considered one
of the leading experts in Canada dealing with the Residential Tenancy market,
is offering this live premium interactive course to answer all your landlording
questions you seek. For the first time
landlord to the experienced investor or management company, this course is
designed to provide current information on taking a tactical and profitable
approach to all matters in your rental and investment dealings.
Here’s a
brief description of the agenda, act fast as seats are limited:
· Investment locations
· Credit Profiling
· Tenant Demographics
· Evictions
· Advertising your rental
· Self-Management of your property
· Tenant Screening
· Lease and rent to own investments
and much much more!
Cost of this event is $200.00. For reservations of booking information,
please contact the offices of Credit Info Canada directly at (780) 486-1183
‘or’ by email at creditinfocanada@gmail.com.
Date May
4, 2013
Event locale The Coast
Edmonton Plaza Hotel
10155
105th Street Edmonton, Alberta
Time 1:00
p.m. to 6:00 p.m.
Advanced
booking is taking place now. Due to
limited seating, all reservations are final.
Tuesday, April 02, 2013
Don Campbell says Chill out
“There is no Canadian housing market...At no other time in history has the real estate market in Canada been so regional,”
“If you go to Hamilton, that market is strong. But in Waterloo the market is starting to slow down, even though the cities are only half an hour apart. And what’s going on in Ottawa has nothing to do with Halifax.” Don Campbell, senior analyst and founding partner with the 2,900-member Real Estate Investment Network (REIN).
Alberta's economy is drawing people from all across Canada. Read More Here
Monday, April 01, 2013
Take two aspirin and call me...
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
April 1st., 2013
Volume 14, Issue 4
Dear Friends and Partners,
When were you last on all fours, head in the toilet, gut heaving and eyes popping; when was your last hangover? I have quaffed less than half a bottle of fine vino over the past decade. The last time I drank too much was probably sometime back in my 20's. Its hard to remember how great the night was, or how much fun I was having, but I sure do remember how bad I felt the next day.
I bring up this disgusting image because I realize that it is very much a kin to a marketplace hangover. See, we have a lot of good news stories in Alberta and then we have the scary global ones. We take two, three, four steps forward with our Alberta economy and then a giant one backwards with politics and pipelines. When we scrutinize a proper real estate investment here, we get excited because it IS a good deal and it will do well. But, just like you might never drink Malibu again, that hangover can burn an image in your mind that really turns your stomach.
For those of us that bought in the late 90's or pre mid-2007 we look back without hangover... For those of us that bought at the party's height, we may still feel a tinge of pain in the temple when we see all the 'good news' stories in Alberta and wonder 'When the heck will my property be at that value again?!"
Real Estate investing is a long-term game. The cycles can last for years and sometimes even decades, just as you can flip a house in a day and make money. Unfortunately real estate isn't a very liquid asset and the time we want to, or need to, cash out may be at the worst time in the cycle.
Moving forward, investing in Edmonton and other parts of Alberta is going to seem like a warm house-party. There will be good news stories, lots of laughs and long friendships made. Some will enjoy the festivities too much and leave with a hangover while others will have made friends (investments) for life.
The best thing you can do is stress-test your potential property by calculating higher interest rates, factor in lower rents, use down payments of 20% or more, manage effectively and know what your exit strategy is before you buy. There are more ways to mitigate risk and different strategies to employ that will allow you to leverage better and protect yourself more, but for now we will focus on avoiding a hangover.
South Central Edmonton: 4 Suite Cash Flow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Alberta Economy Continuing its Impressive Boom
By Mario Toneguzzi, Calgary Herald, March 19th 2013
CALGARY — Any dark clouds that are currently hanging over Alberta will clear by 2014, paving the way for strong business and consumer activity, says a report by RBC Economics.
The bank’s latest Provincial Outlook, released Tuesday, said the province’s economy will continue its “impressive boom” through 2013, after leading the country’s economic growth in 2012, despite facing challenges.
RBC forecasts a provincial real GDP growth rate of three per cent due to strong crude oil production as well as high levels of capital investment, employment and population growth. This will be second in the country behind the 5.1 per cent growth expected in Newfoundland & Labrador. GRAB THIS STORY
===============
Lamphier: Alberta's population Boom isn't Shaking Foundation of housing Market
By Gary Lamphier, Edmonton Journal, March 22nd 2013
EDMONTON - If you’re looking for a job in Newfoundland and Labrador, good luck. You’ll need plenty of it.
For every job opening, there were 16 job seekers in December, according to recent StatsCan data. In New Brunswick, the ratio was a still-stratospheric 10.5-to-one.
The odds of landing a job were only marginally better in Ontario, where eight applicants fought over every vacancy.
Here in Alberta? It’s a completely different story. For each unfilled job there were fewer than two people unemployed in December. No wonder newcomers continue to beat a path to Wild Rose country. Despite worries that discounted crude prices may prompt a slowdown in the oilpatch, the stampede shows no signs of abating. FOLLOW THIS ARTICLE
===============
Alex McBrien: Why Alberta Needs a Diversified Economy and, Three Ways We Can Get There
By Alex McBrein, Huffington post, March 23rd 2013
The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.
All of these will certainly be needed in the short term, to some degree or another, to get Alberta's finances back on stable footing. However, all of the above are just that, short-term solutions to a more systematic issue facing Alberta's economy. University of Calgary economist Ron Kneebone was right to suggest that the real issue at hand is "the [provincial] government's historic reliance on resource revenues to bankroll its operations". Instead, what is needed to mitigate the economic risks associated with being a resource- based economy is a sustained focus on diversifying Alberta's economic base.
This will be a complex and challenging task (as it is for most resource-based economies), however placing focus on areas that build off of Alberta's current economic strengths, that make it easier to set up a small business, and that increase investment in arts and culture are sure to go a long way in achieving this goal. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Always hold your head up, but be careful to keep your nose at a friendly level." -Max L. Foreman
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
April 1st., 2013
Volume 14, Issue 4
Dear Friends and Partners,
When were you last on all fours, head in the toilet, gut heaving and eyes popping; when was your last hangover? I have quaffed less than half a bottle of fine vino over the past decade. The last time I drank too much was probably sometime back in my 20's. Its hard to remember how great the night was, or how much fun I was having, but I sure do remember how bad I felt the next day.
I bring up this disgusting image because I realize that it is very much a kin to a marketplace hangover. See, we have a lot of good news stories in Alberta and then we have the scary global ones. We take two, three, four steps forward with our Alberta economy and then a giant one backwards with politics and pipelines. When we scrutinize a proper real estate investment here, we get excited because it IS a good deal and it will do well. But, just like you might never drink Malibu again, that hangover can burn an image in your mind that really turns your stomach.
For those of us that bought in the late 90's or pre mid-2007 we look back without hangover... For those of us that bought at the party's height, we may still feel a tinge of pain in the temple when we see all the 'good news' stories in Alberta and wonder 'When the heck will my property be at that value again?!"
Real Estate investing is a long-term game. The cycles can last for years and sometimes even decades, just as you can flip a house in a day and make money. Unfortunately real estate isn't a very liquid asset and the time we want to, or need to, cash out may be at the worst time in the cycle.
Moving forward, investing in Edmonton and other parts of Alberta is going to seem like a warm house-party. There will be good news stories, lots of laughs and long friendships made. Some will enjoy the festivities too much and leave with a hangover while others will have made friends (investments) for life.
The best thing you can do is stress-test your potential property by calculating higher interest rates, factor in lower rents, use down payments of 20% or more, manage effectively and know what your exit strategy is before you buy. There are more ways to mitigate risk and different strategies to employ that will allow you to leverage better and protect yourself more, but for now we will focus on avoiding a hangover.
South Central Edmonton: 4 Suite Cash Flow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 Cash Flow
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Alberta Economy Continuing its Impressive Boom
By Mario Toneguzzi, Calgary Herald, March 19th 2013
CALGARY — Any dark clouds that are currently hanging over Alberta will clear by 2014, paving the way for strong business and consumer activity, says a report by RBC Economics.
The bank’s latest Provincial Outlook, released Tuesday, said the province’s economy will continue its “impressive boom” through 2013, after leading the country’s economic growth in 2012, despite facing challenges.
RBC forecasts a provincial real GDP growth rate of three per cent due to strong crude oil production as well as high levels of capital investment, employment and population growth. This will be second in the country behind the 5.1 per cent growth expected in Newfoundland & Labrador. GRAB THIS STORY
===============
Lamphier: Alberta's population Boom isn't Shaking Foundation of housing Market
By Gary Lamphier, Edmonton Journal, March 22nd 2013
EDMONTON - If you’re looking for a job in Newfoundland and Labrador, good luck. You’ll need plenty of it.
For every job opening, there were 16 job seekers in December, according to recent StatsCan data. In New Brunswick, the ratio was a still-stratospheric 10.5-to-one.
The odds of landing a job were only marginally better in Ontario, where eight applicants fought over every vacancy.
Here in Alberta? It’s a completely different story. For each unfilled job there were fewer than two people unemployed in December. No wonder newcomers continue to beat a path to Wild Rose country. Despite worries that discounted crude prices may prompt a slowdown in the oilpatch, the stampede shows no signs of abating. FOLLOW THIS ARTICLE
===============
Alex McBrien: Why Alberta Needs a Diversified Economy and, Three Ways We Can Get There
By Alex McBrein, Huffington post, March 23rd 2013
The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.
All of these will certainly be needed in the short term, to some degree or another, to get Alberta's finances back on stable footing. However, all of the above are just that, short-term solutions to a more systematic issue facing Alberta's economy. University of Calgary economist Ron Kneebone was right to suggest that the real issue at hand is "the [provincial] government's historic reliance on resource revenues to bankroll its operations". Instead, what is needed to mitigate the economic risks associated with being a resource- based economy is a sustained focus on diversifying Alberta's economic base.
This will be a complex and challenging task (as it is for most resource-based economies), however placing focus on areas that build off of Alberta's current economic strengths, that make it easier to set up a small business, and that increase investment in arts and culture are sure to go a long way in achieving this goal. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Always hold your head up, but be careful to keep your nose at a friendly level." -Max L. Foreman
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Saturday, March 23, 2013
The real estate in my tummy
We're going out to a restaurant tonight that we had to book 6 weeks in advance to get a seat. It's a lot of expectation but apparently this place can deliver. While browsing their site I found this wonderful video.
Which lead me to this channel. I'm not eating lunch today!
Which lead me to this channel. I'm not eating lunch today!
Monday, March 18, 2013
This and That March
Alberta's economic snapshot for March 16, 2013 - With many of Alberta’s economic indicators showing some slowdown over
the past several months, it wouldn’t be a big surprise to see more
households with strained debt levels. However, according to the number
of personal bankruptcies filed at the end of last year, consumers appear
to have things under control. Go Read it Here
In my line of work I do see people struggling to keep their finances in order. Recently I have less tenants making late payments than ever.
Fears of a Canada Bubble unfounded - BMO report - Despite significant price hikes the last 10 years, house prices remain affordable across most of the country, with mortgage payments on the average Canadian home eating up a “moderate” 28 per cent of family income, and just 23 per cent when the two costliest cities, Vancouver and Toronto, are factored out, says BMO senior economist Sal Guatieri. Jump to it
Canada's high credit ratings entice global investors - “Money is coming to Canada and for good reason,” “Typically when international markets buckle a little bit, that’s when you see more participants come to Canada.”says Grant Berry, managing director and head of government finance at RBC Capital Markets. Read More
We see Canadian real estate featured in investment shows all around the world. Not because of Canada's "great beaches" but because it's a great investment.
Canada's Shale Boom - Unlocking Alberta's oil and gas -
“80% of the world’s oil reserves are held by national oil companies (NOCs)” says Ken Hughes, Alberta’s Minister of Energy. Hughes is referencing the simple fact that countries — like Saudi Arabia, Iran, Russia, Venezuela, Nigeria, Brazil, Mexico and others — have nationalized their oil industry. Indeed, 80% of the world’s oil reserves are “hands off” for you and me. Although, “of the other 20%” Hughes concludes, “HALF are here in Alberta.” Read more
It seems like a pretty amazing time to be in Alberta.
In my line of work I do see people struggling to keep their finances in order. Recently I have less tenants making late payments than ever.
Fears of a Canada Bubble unfounded - BMO report - Despite significant price hikes the last 10 years, house prices remain affordable across most of the country, with mortgage payments on the average Canadian home eating up a “moderate” 28 per cent of family income, and just 23 per cent when the two costliest cities, Vancouver and Toronto, are factored out, says BMO senior economist Sal Guatieri. Jump to it
Canada's high credit ratings entice global investors - “Money is coming to Canada and for good reason,” “Typically when international markets buckle a little bit, that’s when you see more participants come to Canada.”says Grant Berry, managing director and head of government finance at RBC Capital Markets. Read More
We see Canadian real estate featured in investment shows all around the world. Not because of Canada's "great beaches" but because it's a great investment.
Canada's Shale Boom - Unlocking Alberta's oil and gas -
“80% of the world’s oil reserves are held by national oil companies (NOCs)” says Ken Hughes, Alberta’s Minister of Energy. Hughes is referencing the simple fact that countries — like Saudi Arabia, Iran, Russia, Venezuela, Nigeria, Brazil, Mexico and others — have nationalized their oil industry. Indeed, 80% of the world’s oil reserves are “hands off” for you and me. Although, “of the other 20%” Hughes concludes, “HALF are here in Alberta.” Read more
It seems like a pretty amazing time to be in Alberta.
Thursday, March 14, 2013
Keep Calm and Carry On
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., 2013
Volume 14, Issue 3
Dear Friends and Partners,
Last Wednesday Danielle and I attended Dr. Paul Stoltz's Adversity Quotient seminar. Dr. Stoltz is an energetic and engaging speaker for sure, but I was a little disappointed with the content. Dr. Stoltz could have crammed some tips and strategies into the 3 plus hours of his monologue. There were probably a few 'nuggets' but none spring to mind.
To give you the overall gist, if life were a mountain full of adversity there are two types of people; those that climb (the climbers) and overcome adversity, and those that camp (the campers) that sit out until the trouble passes and/or consumes their lives. So, which do you want to be? Yup, a climber.
Well, unfortunately, Dr. Stoltz was a little shy on telling you how to actually overcome adversity. I'd say that you need to stay on course, have endurance and continually reprogram your brain by incorporating positive patterns that help you deal with challenges. For example, pay attention to your health, relaxation, relationships, goal setting and all the steps/tools you need to learn to educate yourself to reach the 'summit'.
There I saved you a few bucks. You're welcome. I would consider downloading the audiobook and prying out whatever nuggets are hidden in there. In the meantime, keep your chin up, eye on the target and push forward.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% or 12% per year
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Heavy Crude Discount No Cause For Panic
By Yadullah Hussain, Financial Post, February 3rd 2013
While the widening Canadian heavy crude discount has sent the Alberta government scrambling to make up for the shortfall, the province’s oil sands companies are not pressing the panic button — yet.
Stronger balance sheets backing projects, foreign capital and risk-sharing will help the industry weather the downside, Bob German, chief executive of contracting firm Horizon North Logistics Inc., told a recent investor conference.
“Many companies, five years ago, did not partner with anybody to share the risk, but are doing so now.
The staying power given the long-term nature of these projects and through dips in commodity prices are better than they were five years ago,” he said. GRAB THIS STORY
===============
Alberta's Real Economic Advantage
Diane Francis, Huffington Post, March 4th 2013
Albertans are unique because they don't occupy a parallel universe, living on other peoples' money. They live in the real world and the province's current fiscal deficit has sparked intelligent conversation.
The Alberta Advantage is its adherence to discipline and is why it has the lowest taxes in the country. Alberta is the only debt-free sub-national in the Western Hemisphere. And now that a rainy day has hit, the province is financially resilient: it has some $16 billion (in a stability fund) on hand to ride out shortfalls, a $16 billion Heritage Fund and, most importantly, the backing of its voters to cut spending rather than raise taxes. "There will be no taxes raised," said Premier Alison Redford in a discussion I had with her at an Alberta Enterprise Group gathering this week. FOLLOW THIS ARTICLE
===============
Highest Average Weekly Earnings in Alberta Tops all province's at $1,094 per week
By Mario Toneguzzi, Calgary Herald, February 26th 2013
CALGARY — Average weekly earnings of non-farm payroll employees in Alberta remained the highest of all provinces in the country in December, according to Statistics Canada.
The federal agency reported Tuesday that earnings in the province were $1,093.58, up 1.2 per cent from the previous month and an increase of 4.2 per cent from December 2011.
“This earnings level was at least 17 per cent higher than that of any other province,” said Statistics Canada. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"It always seems impossible until its done." -Nelson Mandela
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., 2013
Volume 14, Issue 3
Dear Friends and Partners,
Last Wednesday Danielle and I attended Dr. Paul Stoltz's Adversity Quotient seminar. Dr. Stoltz is an energetic and engaging speaker for sure, but I was a little disappointed with the content. Dr. Stoltz could have crammed some tips and strategies into the 3 plus hours of his monologue. There were probably a few 'nuggets' but none spring to mind.
To give you the overall gist, if life were a mountain full of adversity there are two types of people; those that climb (the climbers) and overcome adversity, and those that camp (the campers) that sit out until the trouble passes and/or consumes their lives. So, which do you want to be? Yup, a climber.
Well, unfortunately, Dr. Stoltz was a little shy on telling you how to actually overcome adversity. I'd say that you need to stay on course, have endurance and continually reprogram your brain by incorporating positive patterns that help you deal with challenges. For example, pay attention to your health, relaxation, relationships, goal setting and all the steps/tools you need to learn to educate yourself to reach the 'summit'.
There I saved you a few bucks. You're welcome. I would consider downloading the audiobook and prying out whatever nuggets are hidden in there. In the meantime, keep your chin up, eye on the target and push forward.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% or 12% per year
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Heavy Crude Discount No Cause For Panic
By Yadullah Hussain, Financial Post, February 3rd 2013
While the widening Canadian heavy crude discount has sent the Alberta government scrambling to make up for the shortfall, the province’s oil sands companies are not pressing the panic button — yet.
Stronger balance sheets backing projects, foreign capital and risk-sharing will help the industry weather the downside, Bob German, chief executive of contracting firm Horizon North Logistics Inc., told a recent investor conference.
“Many companies, five years ago, did not partner with anybody to share the risk, but are doing so now.
The staying power given the long-term nature of these projects and through dips in commodity prices are better than they were five years ago,” he said. GRAB THIS STORY
===============
Alberta's Real Economic Advantage
Diane Francis, Huffington Post, March 4th 2013
Albertans are unique because they don't occupy a parallel universe, living on other peoples' money. They live in the real world and the province's current fiscal deficit has sparked intelligent conversation.
The Alberta Advantage is its adherence to discipline and is why it has the lowest taxes in the country. Alberta is the only debt-free sub-national in the Western Hemisphere. And now that a rainy day has hit, the province is financially resilient: it has some $16 billion (in a stability fund) on hand to ride out shortfalls, a $16 billion Heritage Fund and, most importantly, the backing of its voters to cut spending rather than raise taxes. "There will be no taxes raised," said Premier Alison Redford in a discussion I had with her at an Alberta Enterprise Group gathering this week. FOLLOW THIS ARTICLE
===============
Highest Average Weekly Earnings in Alberta Tops all province's at $1,094 per week
By Mario Toneguzzi, Calgary Herald, February 26th 2013
CALGARY — Average weekly earnings of non-farm payroll employees in Alberta remained the highest of all provinces in the country in December, according to Statistics Canada.
The federal agency reported Tuesday that earnings in the province were $1,093.58, up 1.2 per cent from the previous month and an increase of 4.2 per cent from December 2011.
“This earnings level was at least 17 per cent higher than that of any other province,” said Statistics Canada. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"It always seems impossible until its done." -Nelson Mandela
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, March 01, 2013
Psst... We're doing it again
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
March 1st., 2013
Volume 14, Issue 2
Dear Friends and Partners,
We seem to be teetering back into the scary-territory for North American and European news. I touched on this a few weeks ago along with the upcoming Alberta budget and tempering talk of a 'bitumen bubble'. It's better to talk a jumper down than to shoot one, and by setting expectations of a tough budget, lower oil revenues and costs of greening the stage is set to anticipate a slower and more challenging market the other half to that being it's pretty tough to predict with certainty what will happen in the future.
Our Alberta and Edmonton economy we will do well. Yes, house prices will go up and down, as will oil. We'll eventually get it up, down and out of Alberta to 'world markets' and that will enable us to get a better dollar for it.
In the meantime we are still on a steady course with a great opportunity to pick up CF properties with stress-tests built in (for example: higher vacancy rates, higher interest rates) to buffer the storms that inevitably come up. There is a lot on the go and so much positive renewal happening in Edmonton right now, it is a shame to let some gloom shadow an otherwise positive outlook.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% or 12% per year
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Alberta Economic Snapshot
By Troy Media, February 23rd 2013
CALGARY, AB, Feb. 23, 2013/ Troy Media/ – Maybe it was the hockey lockout, or maybe just the cold weather. Whatever the reason, Albertans seemed to be in little mood in December for one of their favourite pastimes: shopping.
According to Statistics Canada, total retail sales in the province slumped to $5.712 billion in the last month of 2012, a 2.5 per cent dip from November and the second consecutive decrease. Compared to December of the previous year, total sales are higher by 1.9 per cent. The figures are adjusted for seasonal variation, so any of the effects of Christmas shopping are accounted for. GRAB THIS STORY
===============
Alberta's Housing Market and Affordability Levels Amongst the Strongest in Canada
Canadian News Wire, February 25th 2013
TORONTO, Feb. 25, 2013 /CNW/ - Alberta's housing market remained vibrant in the final quarter of last year, buoyed by attractive affordability levels, accelerating population growth, a healthy labour market and a strong provincial economy, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.
The report indicates that although the pace of home resales slowed in closing months of 2012, the housing market tightened up as fewer properties were listed for sale.
"While homes are not particularly cheap in the province, Albertans boast the highest household incomes in Canada, which helps ensure that the share of their budget taken up by homeownership costs is easily manageable," said Craig Wright, senior vice-president and chief economist, RBC. "Barring an unexpected shock to the economy, housing market conditions in Alberta should remain positive in 2013." FOLLOW THIS ARTICLE
===============
Redford Signals New Spending for Alberta's non-oil economy in Coming Budget
By Kevin Carmichael, Globe and Mail, February 24th 2013
Alberta Premier Alison Redford is signalling she will not roll out an austerity-minded budget as her government confronts an unexpectedly growing deficit, instead pledging new spending aimed at making her province less dependent on oil.
In an interview in Washington on the weekend, Ms. Redford addressed the debt-and-deficit issue more in the style of President Barack Obama than Ralph Klein, the former Progressive Conservative premier who made balancing budgets his overarching priority. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Ambition is the path to success. Persistence is the vehicle you arrive in." -Bill Bradley
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
March 1st., 2013
Volume 14, Issue 2
Dear Friends and Partners,
We seem to be teetering back into the scary-territory for North American and European news. I touched on this a few weeks ago along with the upcoming Alberta budget and tempering talk of a 'bitumen bubble'. It's better to talk a jumper down than to shoot one, and by setting expectations of a tough budget, lower oil revenues and costs of greening the stage is set to anticipate a slower and more challenging market the other half to that being it's pretty tough to predict with certainty what will happen in the future.
Our Alberta and Edmonton economy we will do well. Yes, house prices will go up and down, as will oil. We'll eventually get it up, down and out of Alberta to 'world markets' and that will enable us to get a better dollar for it.
In the meantime we are still on a steady course with a great opportunity to pick up CF properties with stress-tests built in (for example: higher vacancy rates, higher interest rates) to buffer the storms that inevitably come up. There is a lot on the go and so much positive renewal happening in Edmonton right now, it is a shame to let some gloom shadow an otherwise positive outlook.
Central Edmonton: 4-Suite Cash-flow Property in Queen Mary Park
Turbo charge your portfolio. The advantage of this transitional area is the nearby development of the downtown core (city airport and arena). It is a tougher area for management but offers a lot of upside. The property can be purchased low and combined with $90K of renovation wrapped into a PPI mortgage you can invest in a nice, safe, upgraded building. Note this is pre-renovation and total purchase price after renovations are approximately $550K. Upgraded 1953 built 4 unit property with separate entrance to lower suites. All units to be renovated using our PPI strategy at purchase and costs wrapped into mortgage. You'll find spacious 2 X 2 bd upstairs and bright 2 X 2 bd units downstairs. Renovations at time of purchase to include 2 HWT, windows, kitchens, bathrooms and flooring. The 2 lower units are each 1000 sqft units with access to yard. Features down to include new counters and flooring. Upper units to have newer kitchens, lighting and bathrooms. There is common laundry down. The yard is large and partially fenced. Only 5 minutes to NAIT and downtown, with routes to Yellowhead and Fort Saskatchewan. Plenty of stores, shopping and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient central area of Queen Mary Park with easy access to transit and downtown. Queen Mary Park is a mature and transitional area that will benefit from the downtown development ripple effect. Highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown core.
Produces $904.76 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $550K Total Investment: $124,376.36K. Your Estimated 5 Year Profit $76,773.38K. Your pre-tax Total ROI is 62% or 12% per year
These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================
Alberta Economic Snapshot
By Troy Media, February 23rd 2013
CALGARY, AB, Feb. 23, 2013/ Troy Media/ – Maybe it was the hockey lockout, or maybe just the cold weather. Whatever the reason, Albertans seemed to be in little mood in December for one of their favourite pastimes: shopping.
According to Statistics Canada, total retail sales in the province slumped to $5.712 billion in the last month of 2012, a 2.5 per cent dip from November and the second consecutive decrease. Compared to December of the previous year, total sales are higher by 1.9 per cent. The figures are adjusted for seasonal variation, so any of the effects of Christmas shopping are accounted for. GRAB THIS STORY
===============
Alberta's Housing Market and Affordability Levels Amongst the Strongest in Canada
Canadian News Wire, February 25th 2013
TORONTO, Feb. 25, 2013 /CNW/ - Alberta's housing market remained vibrant in the final quarter of last year, buoyed by attractive affordability levels, accelerating population growth, a healthy labour market and a strong provincial economy, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.
The report indicates that although the pace of home resales slowed in closing months of 2012, the housing market tightened up as fewer properties were listed for sale.
"While homes are not particularly cheap in the province, Albertans boast the highest household incomes in Canada, which helps ensure that the share of their budget taken up by homeownership costs is easily manageable," said Craig Wright, senior vice-president and chief economist, RBC. "Barring an unexpected shock to the economy, housing market conditions in Alberta should remain positive in 2013." FOLLOW THIS ARTICLE
===============
Redford Signals New Spending for Alberta's non-oil economy in Coming Budget
By Kevin Carmichael, Globe and Mail, February 24th 2013
Alberta Premier Alison Redford is signalling she will not roll out an austerity-minded budget as her government confronts an unexpectedly growing deficit, instead pledging new spending aimed at making her province less dependent on oil.
In an interview in Washington on the weekend, Ms. Redford addressed the debt-and-deficit issue more in the style of President Barack Obama than Ralph Klein, the former Progressive Conservative premier who made balancing budgets his overarching priority. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Ambition is the path to success. Persistence is the vehicle you arrive in." -Bill Bradley
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Subscribe to:
Posts (Atom)
