Edmonton Real Estate Investor

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

July 29, 2016

Volume 21, Issue 3

Dear Friends and Partners,

Even if you try and avoid the news, its tough to miss the tension and turbulence globally. U.S. politics alternates top position with terrorist attacks in Europe. Sadly, the attacks are winning as they increase with atrocity and devastation. Europe is in a war, whether they acknowledge it or not. Some will argue that we are too...

War, terrorism, Brexits, oil, elections - influence one another. Local economies, currencies and economic platforms react and adjust. In our newsletter we focus on economic drivers by studying macro/microeconomics and global economic trends.

Well, the trend right now is a big, ugly war ahead. Some may call it something else, but that is what it is. You can focus locally and see how good it is, sure, but I think we’ll start to see changes in our neighbour countries that will affect us. This may bode well for financial gains in long-term but the short-term trade off could be tense, tighter and diminishing daily life, until global ‘peace' is restored.

**Summer is upon us. Our newsletter will take a break and enjoy the weather, resuming September 1st. Read our blog for updates.**

South East Edmonton: Ekota, Legal 4-Unit Cashflow

Turbo charge your portfolio. For those wanting a low risk investment in a great area with 4 units under one roof - here it is. 4-unit each 1300 sq ft, steps from park and school. 4 minutes to Grey Nuns Hospital, 15 to UOA and down town.

This is property has many recent upgrades and is completely self contained - tenants pay all utilities. 4 X 3 bedroom units with 3 bathrooms, built in dishwashers and in-suite laundry. 1978 built, newer roof, some windows, kitchen and laundry upgrades.

Terrific access to local amenities in sought after Ekota. This property has 8 parking stalls. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the highly rent-able neighbourhood of Ekota.

Comes complete with great tenants making this a totally turn-key property for you. Ekota is a mature neighbourhood that is convenient for tenants working in SE Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Anthony Henday and Grey Nuns Hospital Edmonton.

Purchase price: $905,000
Total Investment: $205,200
Your Estimated 5 Year Profit $126,318
Your pre-tax Total ROI is 62% or 12% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

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Varcoe: Watching the pendulum swing on Alberta’s fragile economy

By Chris Varcoe, Calgary Herald, July 23rd., 2016

ConocoPhillips Canada will cut up to 300 jobs this fall, while Encana Corp. expects to spend an additional US$200 million on capital later this year to drill more wells.
Oil prices slip below US$45 a barrel on Friday, while Canada’s largest driller says it’s noticed a positive change in customer sentiment in the past six weeks.

Like a pendulum swinging back and forth, the Alberta economy seems like it’s moving in opposite directions on an hour-by-hour basis.

“Sentiment is quite unsure,” said economist Warren Kirkland of TD Bank, which issued a report this week on the state of Alberta’s recession. READ MORE HERE

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Alberta’s economic downturn will be longest since early 1980s: TD

By The Canadian Press, July 18th, 2016

CALGARY -- A new report says Alberta's current recession is expected to shrink the economy by more than double the average of the past four recessions.
The TD Bank report released Monday said it estimates Alberta's economy will contract 6.5 per cent over 2015 and 2016, which would widely exceed the 2.7 per cent average retreat of previous economic downturns going back to the early 1980s.

The estimate came after TD tripled this year's expected GDP decline to three per cent, after factoring in the Fort McMurray fires and a higher than expected drop in industry activity.

"Based on our revised forecasts, the 2015-16 recession is likely to go down in history as one of the most severe using the GDP benchmark," TD wrote. GRAB THIS ARTICLE

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Paula Simons: New EI numbers paint perplexing picture of Edmonton economy

By Paula Simons, Edmonton Journal, July 22nd, 2016

Just how bad is it?
According to new Statistics Canada numbers released this Thursday, the number of Albertans drawing Employment Insurance benefits jumped by 21.1 per cent between April and May of this year. As of May, there were 77,800 people drawing EI in Alberta — up 58.6 per cent from May, 2015.

Here’s where things get a little more complicated.

Almost one-third of those new EI beneficiaries came from the regional municipality of Wood Buffalo, where the number of EI recipients jumped by a whopping 141.6 per cent, almost entirely as the result of the Fort McMurray fire. FOLLOW THIS STORY

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

“In a sense, terrorism blossomed in the advent of television. Television promotes terrorism in religion and politics” -Marilyn Manson

Warm Regards,

Todd and Danielle Millar

Ottawa, Alberta politicians clueless on growing economy - “In speaking to entrepreneurs,” the minister added, “I’ll ask them do you want a tax cut or do you want more revenue in your business? Any day they’ll pick more revenue. If we can actually grow this economy, the possibilities are endless.”
And that’s where the cluelessness kicks in.
First, cutting taxes IS a way to increase revenue in a business. Indeed, it is the simplest and most direct way.
If governments take less of a business’ revenues through taxes, it immediately increases the revenue in that business. Read more here

Trudeau fiddles while Alberta burns - "The longer Canada waits to build oil pipelines, the longer it will take for us to recover from the current economic downturn brought on by low world prices.
It should make Canadians’ blood boil to learn the federal Liberal government of Justin Trudeau is operating under the delusion no new pipelines are needed until 2025, so Ottawa has time to dither." Read more here

Do you have a HELOC on your home, vacation or rental property? - "If you have a Line of Credit (HELOC or LOC) on your property you are paying a much higher rate of interest to the bank. Why not put some of that money in your own pocket instead of in the bank's? Your savings will likely be in the range of 1% or more of the outstanding balance. That would amount to $3,000 per year or more on a $300,000 HELOC.

So let’s take a look at the details and at my philosophy around this. I have split my thinking into two types of debt for purposes of this post." Read more here

The facelift of Fort Edmonton Park hopes to increase tourism and add more permanent jobs in a floundering economy. $33.5 Million will make the very educational park a year round facility.

I've been there quite a few times with my children. From the actual Fort to the livestock to the currency and importance of the fur trade we learned so much about Edmonton's history.

Read more here

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

July 15th., 2016
Volume 21, Issue 2

Dear Friends and Partners,

The tea leaves show a continued gloomy outlook for Alberta. For my two cents worth, I’d say Q3 of 2017 should be the turn around point unless oil goes up and gets us out faster. No real surprise there. We’ll most likely see the period of Q4, Q1and Q2 to be toughest for renters and job seekers. My mantra of 'prepare for the worst…’ should be taken to heart concerning tenanting and managing rents for the winter ahead.

And for those looking to buy…? The industrial/commercial sector is pretty beat up. If you are good at vetting tenants or have a good agent to do so, you can find a deal in the Nisku area with over 80 vacant properties there alone. You need the tenant (or the ability to find a tenant) if you plan on going out for financing. A strategy is to buy (or offer) at a reduced price now and vet your own tenant, then go for financing to extract capital after lease is in place. This is definitely not for the novice, but can be lucrative nonetheless.

For residential and commercial multifamily in Edmonton, the deals are around but you still have to hunt for them and keep a realistic expectation of rents. An upside remains; low mortgage rates.
Stony Plain: Legal 4-Unit

Turbo charge your portfolio. For those wanting to explore a little bit outside of Edmonton, visit Stony Plain - 30 minutes away. Great area, 4-unit, across from the park and near the centre of town.

This is property is in great shape and boasts 4 X 3bedroom units all with in-suite laundry. 1978 built, newer roof, some windows, kitchen and laundry. Terrific access to local amenities in sought after Forest Green.

This property has a massive lot and room for RV parking. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This property shines! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of Forest Green.

Comes complete with great tenants making this a totally turn-key property for you. Forest Green is a mature neighbourhood that is convenient for tenants working in Stony Plain or Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Stony Plain's growing status of a ‘bedroom community’ to Edmonton.

Purchase price: $635,000
Total Investment: $151,840.
Your Estimated 5 Year Profit: $91,074.
Your pre-tax Total ROI is 60% or 12% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

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New economic forecast suggest gloomy times to continue in Alberta

By Keith Gerein, Edmonton Journal, July 13th., 2016

The second half of 2016 will fail to bring much relief to a sour provincial economy, new economic forecasts revealed Tuesday, while noting the energy and housing markets show mild signs of recovery.
The latest quarterly outlook from ATB Financial offered another gloomy prognosis for the province, warning of continued job losses in the oil sector this summer that will push the unemployment rate above eight per cent. READ MORE HERE

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House prices post biggest monthly rise in a decade

By House Price Data Centre, Globe and Mail, July 13th, 2016

June showed the largest monthly rise in home prices in Canada in a decade, rising 2.3 per cent over the previous month, according to the latest Teranet-National Bank House Price Index. Year over year, prices are up 10 per cent. All markets except for Calgary and Edmonton tallied gains above the historical norm.
"What is even more striking is that this surge occurred after strong gains in the previous months. As a result, on a year-to-date basis, home prices are already up a whopping 6.8 per cent, well above the historical average of 4 per cent for the first six months of the year," said National Bank senior economist Matthieu Arseneau. — D'Arcy McGovern GRAB THIS ARTICLE

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Bank of Canada’s Poloz delivers cautiously optimistic update on Canadian economy

By Andy Blatchford, The Canadian Press, June 16th, 2016

OTTAWA - Bank of Canada governor Stephen Poloz says the country's economy is finally making progress after hobbling through the effects of the slow U.S. recovery, feeble exports and a stubborn commodity-price slump.

In a speech Wednesday, Poloz said while the economic situation remained complicated and uncertain, he was confident Canada was emerging from its stretch of slow growth.

Poloz pointed to signs that Canada is benefiting from a stronger U.S. economy, a robust level of household spending and a rebound in many non-energy export categories. FOLLOW THIS STORY

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

“I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” -Robert H. Schuller

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.

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

July 1st., 2016
Volume 21, Issue 1

Dear Friends and Partners,

Happy 149th Canada!

After the surprising outcome of Brexit last week, the sudden withdrawal of Boris Johnson in the Tory leadership race and the terrible attacks at Istanbul airport you bet Canada looks pretty calm. We certainly have our own problems be they political, economical, environmental or even extreme weather; the vast majority of Canadians have it pretty good. Let’s remember that (and the improvements we need to make) while we celebrate this Canada Day.

There certainly is a lot of opinion on which way oil is going. I had a good chuckle when I read ‘5 reasons why oil is going up’ right next to ‘Oil is still heading to $10 a barrel’. One thing is certain, they both will be correct at one time or another. Invest for the longterm and remember to breathe in between.

One thing that I’ve been thinking a lot about lately is how fast paced our ‘good life’ in North America is. I returned mid June from a business trip to Europe. I toured factories, breweries and visited a selection of investment properties over 3 countries. What really struck me (as it does every time) is how productive and relaxed people are. Of course this isn’t the same for all countries and lines of work, but generally people know how to ‘turn it off’ at the end of the day. That means that they go to work and do a good job, finish and then spend more time engaged with family, friends and community be it shopping or just living.

That’s a big contrast to our way of life here and it bears consideration… I’ll continue writing about this and welcome your comments on our blog. Find the balance.

Stony Plain: Legal 4-Unit

Turbo charge your portfolio. For those wanting to explore a little bit outside of Edmonton, visit Stony Plain - 30 minutes away. Great area, 4-unit, across from the park and near the centre of town.

This is property is in great shape and boasts 4 X 3bedroom units all with in-suite laundry. 1978 built, newer roof, some windows, kitchen and laundry. Terrific access to local amenities in sought after Forest Green.

This property has a massive lot and room for RV parking. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This property shines! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of Forest Green.

Comes complete with great tenants making this a totally turn-key property for you. Forest Green is a mature neighbourhood that is convenient for tenants working in Stony Plain or Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Stony Plain's growing status of a ‘bedroom community’ to Edmonton.

Purchase price: $635,000
Total Investment: $151,840.
Your Estimated 5 Year Profit: $91,074.
Your pre-tax Total ROI is 60% 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 will stay in recession this year before rebounding in 2017, Conference Board of Canada forecasts
Spring provincial outlook says real GDP will drop 2% in 2016 and rise 2.5% in 2017

By Larry MacDougal, Canadian Press, June 13th., 2016

Alberta's economy will remain in recession this year as the province struggles with its worst downturn in three decades, but there is a recovery on the horizon, according to the Conference Board of Canada.
In the federal research organization's spring provincial outlook, released on Monday, analysts predict Alberta's real GDP to contract by two per cent for 2016.

"Business investment in the oil and gas sector fell by $17 billion last year and, with oil and gas prices forecast to remain low, a recovery in 2016 is not in the cards," the report says.

READ MORE HERE

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Oilpatch showing signs of life after string of deals
Recession isn’t over in the energy sector, but the mood is changing

By Kyle Bakx, CBC News, June 15th, 2016

Renewed interest from investors is spurring optimism in the oilpatch and helping at least one Calgary oil company pull itself from the brink of bankruptcy.
A few weeks ago, Penn West warned it may default on its debt.

The Calgary-based oil company was struggling to turn a profit. Its production was dropping, its shares were falling, and its long-term debt was nearly four times higher than its worth on the Toronto Stock Exchange.

No wonder some people were starting to write off the company. GRAB THIS ARTICLE

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Brad Wall Says oil and gas is losing the battle to environmentalists

By Ian Bickis, The Canadian Press, June 8th, 2016

CALGARY — The energy industry is losing the public relations battle against environmentalists and needs to redouble efforts to get out its side of the story, Saskatchewan Premier Brad Wall said Wednesday.
"Today there continues an existential threat to this industry,'' said Wall.

"It's posed by ... some who just aren't that comfortable that we have all this oil and what oil might mean. And it's also posed by some who just want to shut it down completely.''

FOLLOW 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.

“Life is really simple but we insist on making it complicated.” -Confucius

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.

St. Albert made the top 5 in Canada. I would say with better amenities, lower taxes that Edmonton could be right there beside it. - here

In the world Canada is number 2 - here

Why are Canadians ashamed of being oil rich? - here

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com

June 1st., 2016
Volume 20, Issue 10

Dear Friends and Partners,

Here we are starting into June. It is said that kids age you. What I interpret that to mean is that ‘kids make you aware of time.’. You begin to measure the year in terms of school, birthdays and sports events; that is a great blessing. How ever you count it, here we are.

The market has stayed relatively buoyant, all things considered. The recent uptick in oil and a strengthening CDN dollar are helping too. Rents have plateaued for the time being. Through good management and a lot of hustle, you can stay rented. Prices have softened considerably in certain neighbourhoods where inventory is ample. In the 4-10 unit multifamily market, you'll still need to hunt out the good (location & priced) deals. Edmonton and Alberta remain in a precarious position for the short-term (1-2+ years) but the long-term outlook is strong.

- Please note the next issue of our newsletter will be July 1st 2016. But don’t you worry; visit our Blog to stay updated until then! -

North Glenora: Renovation Deal - Side by Side: 4-Unit + Cashflow

Turbo charge your portfolio. Great area, non-conforming soon to be 4-unit (side by side duplex style) is 7 minutes to downtown; in the heart of North Glenora.This property can apply for legal suite zoning and upgrades to make legal.

This is property is in fair shape and can have upgrades done using a PPI strategy to add legal suites and upgrades. 1954 built, newer roof, some windows, kitchen and laundry. Terrific access to local amenities in sought after North Glenora. Includes a double garage and has a large lot.

Purchase price to include reserve fund and extensive renovation budget to build lower suites - rolled into mortgage. This property will shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of North Glenora.

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

*Purchase price includes projected $60K in renovations.

Purchase price: $625,000
Total Investment: $149,240
Your Estimated 5 Year Profit $51,330
Your pre-tax Total ROI is 50% or 10% 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!

=========================

Gary Lamphier: Toronto transplant John Rose now Edmonton’s economic guru

By Gary Lamphier, Edmonton Journal, May 20th., 2016

After spending seven years abroad with Canada’s Foreign Affairs Department and more than two decades with some of North America’s largest consulting firms, John Rose had an epiphany.

It was early 2010, he was in his late 50s, his marriage was over, his children had grown up. His house had grown quiet. “Basically, I woke up one day and the nest was empty. I’d been in Toronto for 23 years and I thought, ‘What am I doing here?'”

“So I started looking around for other opportunities. Then I saw this ad for the City of Edmonton and I thought, well, I’d been consulting to municipal and regional governments for decades, so maybe it would be nice to be on the other side.”   READ MORE HERE

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Alberta Oilsands future appears strong economists say

By Gordon Kent, The Edmonton Sun, May 18th, 2016

The future of the oilsands looks bright despite the economic and environmental challenges they’ve faced over the last 18 months, a University of Alberta energy expert said Wednesday.
Oil prices that now hover between $45 US and $50 US a barrel are projected to rise to $80 US a barrel within five years, helping spur an extra one million barrels in daily oilsands production by 2030, said Carmen Velasquez, executive director of energy programs at the Alberta School of Business.

While that rise — to 3.5 million barrels of raw bitumen a day from the 2.5 million produced last year — is lower than earlier projections, expenses are also going down, she told an Economics Society of Northern Alberta luncheon.   GRAB THIS ARTICLE

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Calgary Film Center opens for business

By Melissa Ramsay, Global News, May 19th, 2016

The Calgary Film Centre opened its doors on Thursday, bringing hope to Alberta’s oil-battered economy.

The facility, located at 5750 76 Avenue S.E., features three sound stages; one 20,000-square-feet, one 18,000-square-feet and one 12,000-square-feet.   FOLLOW 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.

“We know what we are, but know not what we may be.” -William Shakespeare

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.

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., 2016
Volume 20, Issue 9

Dear Friends and Partners,

It’s amazing what can happen in a week; Fort McMurray. I’m originally from Vancouver and Danielle is from outside of Toronto. We’ve lived in Edmonton for just over 6 years now and our business has been based here for 14 years. The one thing that has always impressed and enamored us with Alberta is the friendliness of the people. You can really see that turn into action when an emergency hits. Not just Albertans stepped up but all Canadians and an especially the East-coasters.

We now face a lot of rebuilding - but it could have been worse.

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

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

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

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

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

*Purchase price includes $10K in renovations.
Purchase price: $705,000
Total Investment: $156,930
Your Estimated 5 Year Profit $101,310
Your pre-tax Total ROI is 65% or 13% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================

Tim Hortons' co-founder serves up $2M treat for Fort Mac

By Bill Kaufmann, Calgary Herald, May 13th., 2016

When the Calgarian who helped found the Tim Hortons delivered a gift to the suffering denizens of Fort McMurray, it wasn’t snack-sized.
On Friday, Ron Joyce and his family delivered $2 million to the Red Cross to keep a river of generosity flowing to about 90,000 people forced to flee wildfires and their city.

The residents of the oil-sands city simply deserve a break, said Joyce.

“With the economic downturn of the last two years and now this, the residents have had a tough time,” he said. READ MORE HERE

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New downtown buildings should help attract younger workers, seminar told

By Gordon Kent, The Edmonton Journal, May 12th, 2016

Edmonton’s downtown building boom should make it easier for companies to attract young skilled employees to the city, a real estate investment specialist says.
Many millennials — generally considered to be people in their 20s and 30s — want to work in interesting surroundings rather than just going to a job, Chris Nasim, vice-president of asset management for GWL Realty Advisors, said Thursday.

When his company tried to hire staff from the University of Alberta a few years ago, most graduates wanted to go to Calgary instead, he told an Edmonton Real Estate Forum seminar. GRAB THIS ARTICLE

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Alberta must diversify because oil prices won’t bounce back senator says

By Gordon Kent, Edmonton Journal, May 13th, 2016

Alberta needs to act soon on diversifying its economy because the energy industry is going through fundamental changes, one of the organizers of an innovation meeting said Friday.
“We have seen this movie before. The price of oil falls, we’re unhappy … The price of oil goes back up, and we all go to lunch,” Alberta Senator Doug Black said.

“This time, the price of oil is not going back.” FOLLOW 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.

“Every little thing counts in a crisis” - Jawaharlal Nehru

Warm Regards,

Todd and Danielle Millar

"Here’s a live feed of various emergency services, government agencies and @YMMHelp, a crowdsourced resource for evacuees and those offering them shelter"

Globe and Mail the article has more links for evacuation details and emergency services updates. GO HERE

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 1st., 2016
Volume 20, Issue 8

Dear Friends and Partners,

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

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

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

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

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

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

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

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

*Purchase price includes $10K in renovations.
Purchase price: $705,000
Total Investment: $156,930
Your Estimated 5 Year Profit $101,310
Your pre-tax Total ROI is 65% or 13% per year

These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

=========================

Edmonton mayor seeks to make city a leader in health innovation

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

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

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

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Why Trudeau must approve one of these pipelines

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

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

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

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

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

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

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

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

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

Warm Regards,

Todd and Danielle Millar

ATB business survey: Alberta's economy hasn't hit bottom yet - "The provincial economy has yet to reach bottom, say nearly three-quarters of small- and medium-sized business owners who responded to a recent ATB Financial survey.

In its quarterly Business Beat survey, ATB found just 12% of business owners believe the economy will be better six months from now, versus 74% who believe it will be worse. The financial institution says continued low oil prices, uncertainty in government, high unemployment and a low loonie were among the reasons cited by respondents."

You can even take part of the survey here

Alberta man walks to legislature to demand action on economy - "It's one step at a time for Jason Dubrule.
The oilfield construction worker is walking more than 430 kilometres from his hometown of Falher, Alta., to the legislature in Edmonton.
The walk, titled Go Hard or lose your home, job and country, is Dubrule's one-man mission to raise awareness about Alberta families facing financial hardship in the downturn." Read about his journey here

Alberta Budget 2016: NDP spends $7B on roads, hoping to boost economy, jobs - "The Alberta NDP unveiled more details of its budget Tuesday, specifically where it will spend more than $7 billion on Alberta roads and bridges.

The money will be spent over five years under the Alberta Jobs Plan, which is what the government named its latest budget document." Read more here

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., 2016
Volume 20, Issue 7

Dear Friends and Partners,

Q: What are Mcdonald's employees now asking customers?
A: Can you afford fries with that?

Ok, I know, bad joke. We’re seeing a small percentage of tenants not renewing their leases because they are looking for something cheaper. Guess what we’re seeing with new applicants? A percentage of them moving to a unit with lower rents. This makes economic sense for some.

When we started this decline we talked about preparing for a slower market and how to manage vacancies, now that we’re in the middle of it I think prudence is paying of for those that applied it. Matching market rents, ensure units are looking good and using a plethora of ways to advertise is essential.

Keeping communication open with tenants is important too so that you can retain the good ones. During a downturn, renovating your units can be more affordable and is a must for staying competitive in the market.

Bonnie Doon: Side by Side, 4-plex Conversion - Cash-flowing diamond in the rough

Turbo charge your portfolio. Great, soon-to-be 4-plex (side by side duplex style) is 7 minutes to downtown; in the heart of Bonnie Doon. I won’t lie, it’s a bit ugly right now and that’s where the opportunity is. This is a renovation deal where we use PPI to add a suite and improve this building. 1971 built, with good bones. Terrific access to local amenities in sought after Bonnie Doon.

We will add new furnace, windows, full upgrades, fire prevention system and complete suite. This property has potential for 4 X 2 bd suites. Includes a double garage, pad and large lot. Purchase price includes reserve fund and large renovations put into mortgage, to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of Bonnie Doon.

Comes complete with great tenants making this a totally turn-key property for you. Bonnie Doon is a mature neighbourhood that is convenient for tenants working downtown and attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core. *Purchase price includes $100K in renovations.

Purchase price: $625,000
Total Investment: $149,170
Your Estimated 5 Year Profit $88,841
Your pre-tax Total ROI is 60% 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!

=========================

Edmonton house prices hold steady despite economic downturn

By Gordon Kent, Edmonton Sun, April 4th., 2016

Edmonton-area home prices rose slightly in March compared to the same month last year despite Alberta's economic downturn, new Realtors Association of Edmonton figures show.

The average home in the region sold for $379,524 last month, up nearly two per cent from $372,289 in March 2015, according to statistics released Monday. READ MORE HERE

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Varcoe; Miserable Alberta recession no match for 80’s upheaval

By Chris Varcoe, Calgary Herald, April 5th, 2016

If you’re a fan of losing sports squads — hello Toronto Maple Leafs, Chicago Cubs or Cleveland Browns — you might be compelled in some dark moments to compare just how bad things are today with the past.

It might be masochistic, but looking back on a losing streak is often the only way to see if the situation is truly as painful as it seems, or if there’s a way out. GRAB THIS ARTICLE

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Oil and gas sector says investment will drop by $50B
Canada’s energy industry says it’s facing its biggest drop ever in capital spending

By Tracey Johnson, CBC News, April 7th, 2016

Capital spending in Canada's oil and gas industry will drop by more than half — $50 billion — by the end of 2016 as compared to 2014, according to a forecast released by the Canadian Association of Petroleum Producers.
In 2014, capital spending in the oil and natural gas sector amounted to $81 billion.

In 2016, that number is set to drop to $31 billion, a 62 per cent decline, as companies continue to cut back because of persistently low energy prices. FOLLOW 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.

“You’ve got to stay strong to be strong in tough times.” -Tilman J. Fertitta

Warm Regards,

Todd and Danielle Millar

Here is an interesting article interviewing Robert Kiyosaki of Rich Dad. Especially the part about resource based countries Read more

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., 2016
Volume 20, Issue 6

Dear Friends and Partners,

I wish I was kidding about that, but I’m not. Bill 202 has been tabled to form a committee to monitor rents… You can read more about this and the actual Bill below. Bills like this are insidious and frankly not very democratic. In the coming weeks I’ll let you know what we are doing to stop the Bill and how (if you choose) you can help too.

In the meantime we’ve got a mixed bag of news for Edmonton and Alberta. Overall, Edmonton is like a beleaguered fighter in the 5th round, beaten but not defeated. We’ve still got a lot more ahead of us, but we’re holding our own; Calgary is taking some hard hits. We’ve got to hang in there, communicate with our tenant base, keep providing and delivering value.

All storms pass and there are great opportunities along the way for business, properties, new systems and creativity - we also have great mortgage rates.

Bonnie Doon: Side by Side, 4-plex Conversion - Cash-flowing diamond in the rough

Turbo charge your portfolio. Great, soon-to-be 4-plex (side by side duplex style) is 7 minutes to downtown; in the heart of Bonnie Doon. I won’t lie, it’s a bit ugly right now and that’s where the opportunity is. This is a renovation deal where we use PPI to add a suite and improve this building. 1971 built, with good bones. Terrific access to local amenities in sought after Bonnie Doon.

We will add new furnace, windows, full upgrades, fire prevention system and complete suite. This property has potential for 4 X 2 bd suites. Includes a double garage, pad and large lot. Purchase price includes reserve fund and large renovations put into mortgage, to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of Bonnie Doon.

Comes complete with great tenants making this a totally turn-key property for you. Bonnie Doon is a mature neighbourhood that is convenient for tenants working downtown and attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core. *Purchase price includes $100K in renovations.

Purchase price: $625,000
Total Investment: $149,170
Your Estimated 5 Year Profit $88,841
Your pre-tax Total ROI is 60% 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!

=========================

Notley’s Bill 202 targets Alberta landlords: trample on private property rights

By Sheila Gunn Reid, Rebel Media, March 29th., 2016

Sheila Gunn Reid discusses Rachel Notley's Bill 202, officially "Alberta Affordable Housing Review Committee Act", a dangerous bill that makes drastic changes to how landlords manage rental properties and is no more about affordable housing than Bill 6 was about safety. It's about bringing people under government control.

Want to know what BILL 202 Says? Polarizing video but Bill 202 Facts remain the same.

The Act, called the Alberta Affordable Housing Review Committee Act, or Bill 202, enables the creation of a committee consisting of no fewer than 3 members that will, “prepare and submit to the Minister a report on the accessibility and affordability of housing in Alberta, which must include any recommendations of the Committee for improving the access of all Albertans to safe, appropriate and affordable housing.

Further, the report must include, but is not limited to, a review of the following subject areas and any related recommendations of the committee:

(a) rent regulation

(b) rent subsidies

(c) security deposits

(d) affordability of rental rates including rates for the rental of mobile home sites

(e) affordability of home ownership and mechanisms to support affordability

Download the Bill Here
Read more here

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Alberta’s Economy needs more than stimulus

By Chris Varcoe, Calgary Herald, March 23rd, 2016

When stuck in a rainstorm, people are always looking for the nearest umbrella.

Sometimes, a newspaper over the head is the best you can do.

Alberta’s economy is sputtering today. Unemployment is up, private investment is down and the oilpatch is sideways, waiting for higher commodity prices.

Under such an economic deluge, the new federal budget offers a smattering of help, from bolstering employment insurance (EI) benefits to ramping up infrastructure spending.

GRAB THIS ARTICLE

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Alberta’s economy will shrink for second straight year: Conference Board

By Bill Mah, Edmonton Sun, March 2nd, 2016

Alberta's faltering economy will contract for the second straight year in 2016, a recessionary streak not seen since the bleak years of 1982-83, says to the Conference Board of Canada's deputy chief economist.

The economic malaise will also spread from the oilpatch into the rest of the provincial economy, Pedro Antunes said Wednesday at the not-for-profit economic research group's western business outlook in Edmonton. "The problem for Alberta is that $37-a-barrel oil price doesn't kick up the economy at all," he said

"In fact, we're going to see another hit to Alberta's economy.” FOLLOW 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.

“Three things cannot be hidden: the sun, the moon and the truth.” -Buddha

Warm Regards,

Todd and Danielle Millar

Lucky for us in Alberta we have a relatively easy eviction process. The biggest wait is getting into the Residential Tenancy Dispute Resolution Service (RTDRS) for a hearing date. If the landlord then files with the Queen's Bench that dispute is on the public record for all other landlords to find.

In other provinces it's not so easy. There are waiting periods before you can file and the process can take months. All the while your property is perhaps being damaged and rent not getting paid.

This professional tenant cost Ontario seniors an estimated $30,000 and probably a lot of grief and sleepless nights. She didn't pay rent or utilities for 6 months and changed the locks. Apparently she's done this over and over again but because of privacy laws it's hard for landlords to discover. Read more

PHOTO COURTESY OF © Torstar News Service

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., 2016
Volume 20, Issue 5

Dear Friends and Partners,

Although the majority of news coming out of Alberta lately has been negative, and surely more is one the way, Alberta is never idle. There is substantial evolution taking place. Despite having a dose of ‘it’ll get worse before it can get better disease’, we have the downtown core growing and a tireless energy sector striving for innovation.

I was part of a small group that attended a bespoke economic presentation from the government of AB last week. The major takeaways were that we (Alberta) need to continue strategically diversifying (I say continue, because we’ve been diversifying for 20 years) our energy sector. Alberta is a great innovator but ideas need to be focused on a collective goal, not independently. The guiding target that was presented was to reduce oilsands water consumption by 50% before 2030. This idea has been discussed before, but I feel there is an urgency to work collectively on this goal.

Focused diversification within the energy sector and on a measurable target, makes sense. By reducing the amount of water used in extracting oil, we can decrease cost and further reduce environmental impact.

Until we make this change (and others) we remain increasingly vulnerable to low oil prices, political agendas and (for right or wrong) environmental critique. Jump to one idea here.

Prince Rupert Bungalow: 2 Legal suites, cash-flow central

Turbo charge your portfolio. Great, 2-unit bungalow, 7 minutes from downtown; a winner to add to any portfolio. 1952 built, meticulously maintained. Terrific access to local amenities in mature Prince Rupert. New furnace, electric panels and suite upgrades. This property has a legal 2 bd suite down and 3 bd on the main, plus over-sized single garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and small renos to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Prince Rupert.

Comes complete with great tenants making this a totally turn-key property for you. Prince Rupert is a mature neighbourhood that is convenient for tenants working downtown and attending NAIT. 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: $385,000
Total Investment: $88,500
Your Estimated 5 Year Profit $54,760 Your pre-tax Total ROI is 62% 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!

=========================

How the West was done: Plummeting oil prices and political change cosier to stall Canada’s growth engine

By Claudia Cattaneo, Financial Post Media, March 2nd, 2016

As painful as it is, there is much to be learned from Canada’s economic decline, such as: We are getting lots of what we (and many of our politicians) wished for and finally getting a clear picture of what Canada looks like without a strong oil sector.

Partly due to the oil price collapse, partly by the design of new governments in Alberta and Ottawa, oil no longer fuels the economic engine. Climate change policy has won the day and the oil sands’ industry has been kneecapped.

Proposed bitumen pipelines have been gutted by organized campaigns and red tape. The West’s economic leadership has been quashed, and with that — for now — its political clout. THIS ARTICLE

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Rob Roach: Alberta’s identity is built on growth for good reason

By Rob Roach, Edmonton Journal, March 10th, 2016

When it comes to population growth, Alberta is an outlier.

Our GDP per capita is among the highest in the world, but our population growth rate is more in keeping with relatively poor places such as Ethiopia and Nigeria.

While the populations of wealthy countries like Japan and Germany are shrinking, Alberta’s average annual population growth between 2004-14 was over eight times greater than in the European Union and almost three times the rate in the United States.

Alberta’s population has increased by 1.2 million people since 2000 — roughly equivalent to adding another Calgary or Edmonton to the province. GRAB THIS STORY

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Why reducing water consumption is critical to Oil Sands competitiveness
Despite considerable progress, thermal oil sands producers desperately need to reduce water consumption. Are solvents the answer?

By Jesse Snyder, Alberta Oil, March 2nd., 2016

For the people who operate and manage steam-assisted gravity drainage (SAGD) projects, oil is almost treated as a by-product to what is actually their primary concern: water. Indeed, SAGD operations are basically just “water facilities with an oil problem,” according to Darren Massey, a programs leader at GE’s Customer Innovation Centre, a Calgary-based facility where energy companies try to tackle the fundamental challenges inherent in developing heavy oil. “Water is really the main resource that you have to manage here,” he says. “The energy that you put in to generate that high-temperature steam accounts for a substantial portion of your total costs.” 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.

“Perseverance is failing 19 times and succeeding the 20th.” -Julie Andrews

Warm Regards,

Todd and Danielle Millar

Balancing Act: Inside the Alberta Governments New Deal on Energy - "Notley didn’t kill the province’s golden goose. Drilling rigs won’t be trundling next door to Saskatchewan or over the southern border to avoid a cash-grab royalty regime. The oil patch’s sigh of relief was heard across the prairies. The government’s election promise was to review if Albertans are getting their fair share of royalties, and it’s been decided that yes, they are.

The review panel said, “Overall, Alberta’s royalties are comparable with other jurisdictions,” and that the existing regime gives the province an “appropriate share of value.” Broadly, it was well-received by the industry. “[The] announcement has been the result of a fair and credible process, one Albertans can trust,” says Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers (CAPP)." Read more

Still afloat in Alberta despite tighter competition - "While Alberta's contracting economy is not yet causing panic among some Edmonton general contractors, its effects are taking hold. Competition is heating up for smaller-scale projects and dollars are being squeezed in bids, according to some industry executives.

"We see margins right now that are so tight, it's hard for us to go any lower than that. We still have to pay the bills and pay our employees. It's tough," said Antoine Gruson, vice-president of sales and marketing for Synergy Projects." Read More

IEA for the first time sees light at the end of oil’s ‘long, dark tunnel’ - “There are signs that prices might have bottomed out,” the Paris-based adviser to 29 countries said in its monthly market report on Friday. “For prices there may be light at the end of what has been a long, dark tunnel” as market forces are “working their magic and higher-cost producers are cutting output.” Read more

You can be part of a survey to determine the direction of Northlands site. Super website, lots of information and it's very exciting to see what possibilities are there for the 160 acre site. Make history here

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., 2016
Volume 20, Issue 4

Dear Friends and Partners,

What’s in a network? You may have heard it said that if you add up the net worth of your 5 closest friends and divide, you get an amount equal to your own net worth. Now, that applies to money. But I bet it also stretches into values…

Your 5 closest friends probably have similar values to you when it comes to raising kids, managing their money, health and lifestyle. This can be either a very good thing or a really bad thing - in general terms. I know some of my best friendships are with smart folks that I don’t always agree with, but with whose opinions I respect.

Lately I have been expanding my network; talking to different people, collaborating on ideas and getting exposed to new ways of thinking. I challenge you to do the same. Start with a local group, LinkedIn or an interest group that you’ve been keen to learn more about. See what this brings to you…

Prince Rupert Bungalow: 2 Legal suites, cash-flow central

Turbo charge your portfolio. Great, 2-unit bungalow, 7 minutes from downtown; a winner to add to any portfolio. 1952 built, meticulously maintained. Terrific access to local amenities in mature Prince Rupert. New furnace, electric panels and suite upgrades. This property has a legal 2 bd suite down and 3 bd on the main, plus over-sized single garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and small renos to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Prince Rupert.

Comes complete with great tenants making this a totally turn-key property for you. Prince Rupert is a mature neighbourhood that is convenient for tenants working downtown and attending NAIT. 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: $385,000
Total Investment: $88,500
Your Estimated 5 Year Profit $54,760 Your pre-tax Total ROI is 62% 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!

=========================

The world is on the cusp of a golden age for natural gas

By Jesse Snyder, Alberta Oil, February 16th, 2016

These are the factors that could quicken — or inhibit — the rise of "the fossil fuel of the future”

“Natural gas is a fuel of the future,” wrote Daniel Yergin in his 2011 opus The Quest: Energy, Security and the Remaking of the Modern World. At the time, the notion that natural gas would eventually overtake coal – and even oil – as the most widely consumed fossil fuel in the world was not new. But it was just beginning to take on a new level of certainty. That same year the International Energy Agency (IEA) raised the question in its annual World Energy Outlook, which it called, “Are We Entering A Golden Age of Gas?” It predicted that by 2035 global natural supplies would need to grow by 1.8 trillion cubic meters per day from their current level in order to meet demand – a figure that is three times the current production of Russia. THIS ARTICLE

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Gary Lamphier: How much money has flowed out of Alberta to Ottawa? A lot.

By Gary Lamphier, Edmonton Journal, February 19th, 2016

If you’re still wondering why oil-rich Alberta doesn’t have a massive sovereign wealth fund like Norway, consider this.
Alberta is a province, not a country. Ergo, we don’t get to keep all the wealth we generate in this province. Not even close.

I realize this runs counter to the preferred narrative in Canada, where politicians and media types insist Alberta either “put all its eggs in one basket” by failing to diversify its economy (hello Christy Clark), or that Albertans “spent like drunken sailors” during boom times.

Sure, there’s some truth to those arguments. But the far bigger reason why Alberta isn’t rolling in filthy lucre is that we are part of a federation called Canada. GRAB THIS STORY

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Kristina McLean: Memo from Alberta’s economic front lines

By Kristina McLean, Edmonton Journal, February 21st., 2016
I recently passed a milestone, not an achievement by any means, nonetheless it is one that stands out for me in my profession. I delivered my 200th layoff notice in less than six months.

As I sit and provide the “You are now unemployed” letter to this employee, a father and husband, a grown man whose eyes well with tears, I realize that he is suffering the consequences of the government’s lack of effort, the international oil and gas markets egotistical tactics and the now unrealistic Alberta dream.

This employee who has dedicated his career and life to what began as the oil and gas advantage, striving towards excellence in his work, has now been told in a mere five-minute meeting that his job is over. Feeling his efforts a waste and contributions a failure, this employee has to go home and deliver the same unsettling news to his wife and children. READ MORE HERE

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

“Adopting the right attitude can convert a negative stress into a positive one.” - Hans Selye

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.

Land-lording is so stressful! Sometimes just having a group of like-minded (or situated people) to vent to can make this industry seem easier.

I also guarantee you will meet someone who will tell you a story and you walk away saying "I'm glad that's not me!" We all have bad stories and if you don't you just haven't been doing it long enough.

Here is a collection of lighthearted stories from other landlords. Think of it as Chicken Soup for the Landlord's soul. Read more here