Edmonton Real Estate Investor

It's very hard to find out that your hard earned savings have disappeared. Especially when the culprit shows no remorse. I'm glad to see there is a jail term.

We lost a small investment when LEAGUE crashed in Victoria BC luckily it wasn't our everything. The two men that started LEAGUE are out and free which irks many people. Especially those who lost their entire retirement savings.

"An Edmonton businessman convicted of fraud has been sentenced to seven years in prison and ordered to pay more than $2 million in restitution to his victims."

The judge's written decision also noted that evidence established Iyer bought a family residence in his wife's name, bought expensive vehicles and travelled in an extravagant lifestyle. All of those purchases were paid for with money given to Trident by the investors.

Justice Andrea Moen noted that Iyer showed no remorse, steadfastly maintained his innocence and never tried to pay restitution." Read more here

There's always the "What do you get them for Christmas?" conundrum. Every year I notice I have to try and come up with something I want. The two best gifts I ever got?

1. a sleeping kit sent to a child

2. a goat

I've always followed the millennial's prioritizing experiences over belongings. Wouldn't you prefer to take a trip, have a nice meal or see that show rather than further clutter your house?

Obviously we have a lot more than we need in North America and even those in Canada who are earning less can look at this article and find ways to feel better about their financial health.

"Some of the reporting and headlines recently have been borderline irresponsible so it’s important now, more than ever, to read beyond the headlines. Included in this week’s Mortgage Minute™ is an article suggesting CMHC could lose a $Billion – but when reading further, this is only in the event of a doomsday" Peter Kinch

"A buyers market is generally defined as a period that favors buyers by offering an ample selection of property at relatively low prices and taking 3-6 months to sell" informs Todd Millar of Glenn Simon Inc., an Alberta investment firm. Read Here pages 64-68

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

December 1st., 2016

Volume 21, Issue 10

Dear Friends and Partners,

Here we are at the end of another year. 2016 has been everything but uneventful across all fronts and around the world. We’re far from smooth sailings with our local economy, but I think we are at least heading into calmer waters or getting those sea legs steady. I don’t think 2017 will be a banner year, but hopefully stability will increase with the energy sector. Although we are seeing some worrying signals and directional shifts from the federal government related to CMHC (check out Peter Kinch’s link here), plus populist environmental and trade agendas. Nonetheless - we will push forward. We will have a good year ahead! Opportunity is abound!

*This is our last newsletter for 2016, but the blog is continually updated. Regular newsletters resume January 15th 2017*

Wishing you and your family a very wonderful December and New Year ahead!

South Central Edmonton: Queen Alexandra, Legal 6-Unit Cashflow

Turbo charge your portfolio. For those wanting a low risk investment in a great area with 6 units under one roof - here it is. 6-unit with 5,600 sqft, steps from trendy Whyte Ave. and across the road from school. 5 minutes to U.O.A., 6 minutes to Hospital, 10 to downtown.

This is property has many recent upgrades and offers a self contained basement unit. 3 X 1 bedroom units with balcony, 3 X bachelor suites. 1916 built, RF3 zoned building. 6 Parking stalls and single garage. Terrific access to local amenities in sought after Queen Alexandra.
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 this highly rent-able mature U.O.A. neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Queen Alexandra is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre and University Hospital.

Purchase price: $628,000
Total Investment: $179,000
Your Estimated 5 Year Profit $91,846
Your pre-tax Total ROI is 51% or 10% per year

These 6 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!

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

Why Alberta still has the highest employment rate in the country, despite all the job losses.
Young population and older adults who continue to work to keep the province’s economy resilient, economist says

By Robson Fletcher, CBC News, November 7th., 2016

Alberta has seen tens of thousands of layoffs in the past couple of years but its employment rate — a measure of working-age people who have jobs — remains the highest in the country.

That seemingly contradictory situation is due to Alberta's relatively young population and the fact that older people in this province tend to keep working longer than other Canadians.

It also means Alberta's economy is relatively resilient, said University of Calgary economist Trevor Tombe. READ MORE HERE

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Debt-ridden Alberta should take a lesson from thrifty Texas on how to survive the oil boom and bust: report

By Geoffrey Morgan, Financial Post, November 17th, 2016

CALGARY — While Alberta and Texas both enjoyed 10-year economic booms thanks to high oil prices, the province’s “undisciplined” budgets during those years left it in a worse financial position than the state when crude tanked.

In a study titled “One Energy Boom, Two Approaches,” the Fraser Institute compared the budgets and spending patterns of governments in Alberta and Texas between 2004 and 2014.
GRAB THIS ARTICLE

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Opinion: Alberta’s economy may be poised for a turnaround, but province’s finances still on wrong track

By Steve La Fleur & Ben Eisen, Edmonton Journal, November 21st., 2016

Albertans got some welcome news recently, when ATB Financial suggested that the worst of the oil price downturn is over and that oil prices would continue to increase in 2017.

This is, of course, encouraging for Alberta’s economic outlook. However, it’s important to recognize that while an increase in oil prices, and a return to economic growth, would help Albertans suffering from the province’s current economic malaise, it’s unlikely to solve the provincial government’s budget problems.

Specifically, unless the province reforms and reduces provincial spending, Alberta’s big deficits will likely persist for years — even if oil prices increase. 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.

“There is no decision that we can make that doesn’t come without some kind of balance or sacrifice.” -Simon Sinek

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.

Yedlin: Pipeline approvals put Canada's energy future in much clearer focus -

"Trudeau’s approvals of Kinder Morgan’s Trans Mountain expansion and Enbridge’s Line 3 project — to triple volumes shipped on both pipelines — is a clear sign Canada has found a way to balance the importance of resource-driven economic growth and environmental stewardship.

And while this could yet prove to be a difficult process and there are valid questions about how the prime minister will stand up to the inevitable backlash and court challenges, it’s a long overdue first step." Read More Here

Ottawa approves two pipelines, rejects one while imposing tanker ban on northern B.C. coast
“Canada is a country rich in energy of all kinds,” Trudeau said in approving two export pipelines and rejecting a third. “There isn’t a country in the world that would find billions of barrels of oil and leave it in the ground while there’s still a market for it.” Jump Here

This is just weird and wrong HERE

There is a quirky map showing what each country in the world excels at.

Canada ranks as #1 for Facebook addicts and USA corner the spam emails market.

More here

I love Tony Robbins and listen to his audio-seminars every time I drive. His documentary Tony Robbins : I AM NOT YOUR GURU is on my watchlist on Netflix.

His energy level is the best part. I feel pumped after listening to him speak and I'm sure I get more done on those days.

20 best money tips of all time from Tony Robbins

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

November 15th., 2016
Volume 21, Issue 9

How about that U.S. Presidential election…? Like it, love it or hate it, it was something to behold. With opinions of candidates aside, what an amazing use (or abuse) of media and ‘social clout’ was displayed (pop stars, really?).

If you haven’t seen Idiocracy, this election mirrored elements of it. Nonetheless, change is good. And one thing for certain is that a shift has been made. It may take the next 4 years for it to fully manifest, but the people have voted and have won fairly.

Meanwhile back in Canadian politics… Silence.

Bonnie Doon Bungalow Conversion: 4-Unit, Reno-deal. Cash-flow central

Turbo charge your portfolio. This is currently a Side by Side that can be turned into a 4-Unit. * These are pre-renovation pictures *

Price includes interior, exterior renovation and landscaping costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1978 German built, well maintained.

Terrific access to local amenities in mature Bonnie Doon. As part of renovation package; all new appliances, shingles, flooring and suite upgrades. This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! Renovations always present as a 10/10 on quality and style. This is a turn-key deal. Excellent access to U.O.A and 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 sought after mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $680,000
Total Investment: $160,000
Your Estimated 5 Year Profit: $108,076
Your pre-tax Total ROI is 67.5% or 13.5% 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 economy took hit in the fall, expected to rebound in 2017

EDMONTON JOURNAL
November 8, 2016

Edmonton’s economy contracted “sharply” last summer, but should improve modestly in 2017, city economist John Rose says.
In an update released Tuesday, Rose found that Edmonton’s 2016 gross domestic product and unemployment rate were worse in the third quarter of the year than he forecast last spring.

Construction and manufacturing were particularly weak.

Activity in these areas stabilized over the last two months and the rest of the economy is slowly growing, so the situation should improve modestly, Rose wrote. Read More Here.

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Edmonton real estate market burdened by job losses, stunted growth

'A weaker labour market, slower migration and reduced consumer confidence are tempering demand'

CBC News, Oct 26, 2016

Demand for new homes in Edmonton has "tempered" in light of a weaker market and reduced consumer confidence, according to new reports from the Canada Mortgage and Housing Corporation (CMHC).

According to the CMHC Housing Market Outlook and Housing Market Assessment released Wednesday, housing starts have slowed as stunted income growth, job losses and slowing population growth put a chill on the local market. Grab this story

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ANALYSIS: Why Calgary's and Edmonton's job markets are so different
Calgary's unemployment rate is going up, Edmonton's rate is going down. What gives?

By Tracy Johnson, CBC News, Nov 08, 2016

A curious thing is happening in Alberta's job market: While the province as a whole is suffering, with an unemployment rate of 8.5 per cent, Calgary and Edmonton are seeing their fortunes diverge, with Calgary taking the brunt of the downturn.

Two years ago, the two cities had similar unemployment rates of roughly five per cent. Last month, Calgary's rate hit 10.2 per cent, a multi-decade high, while Edmonton is sitting pretty (relatively speaking), with a jobless rate of 6.9 per cent — just below the national average. 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.

“Leadership is not about the next election, it's about the next generation.” - Simon Sinek

"Trump had expressed unqualified support for importing Canadian energy in general, and the Keystone XL pipeline in particular. Clinton, on the other hand, once a staunch Keystone backer, had chosen to flip and turn against it, as a way to appease the most left-wing Democrats. Canadians, and struggling Albertans especially, can renew their hopes that we might soon be sending up to a million more barrels of our oil every day to American refineries.

Just as importantly for Canada’s exporters, Trump has promised to slash U.S. federal corporate income taxes — those combined top marginal corporate rates are currently some of the highest in the world — from 35 per cent to 15 per cent. Eager to lure home the US$2.4 trillion of American corporate profits sitting idle offshore, Trump has shrewdly promised a one-time, low tax rate of 10 per cent that, if enacted, will encourage major corporations to repatriate their cash and reinvest it back in the U.S., a massive private stimulus program that will do much to spur demand for Canadian exports." Kevin Libin Financial Post Read more here

And don't forget the beleaguered Keystone XL

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

November 1st., 2016
Volume 21, Issue 8

Dear Friends and Partners,

I write our newsletters a few days early in the hopes to have them out to you in time. Thus, we’re a few days before Halloween and I thought I’d repost some scary house stories.

10 Horrifyingly True Real Estate Stories from Curbed Readers,
Michelle Goldchain, originally published January 7, 2015.

"Last Halloween, we published three horrifyingly true stories from real estate agents. Despite raccoon carcasses and a naked woman, many of our readers found the stories to not be horrifying enough. Because of this, many decided to supply their own stories, definitely one-upping the ones we had. We compiled the 10 best stories from our readers, unedited and untampered with. We're unsure of just how "true" these stories are, but if you're looking for spooky stories to read at night, then these should help keep you up. If you think you can one-up these stories as well, feel free to add your own experiences in the comments. Read them all here …"

If those aren't scary enough try these:

22 Shiver-inducing stories behind America's most haunted houses HERE
True Canadian Ghost Stories HERE

Bonnie Doon Bungalow Conversion: 4-Unit, Reno-deal. Cash-flow central

Turbo charge your portfolio. This is currently a Side by Side that can be turned into a 4-Unit. * These are pre-renovation pictures *

Price includes interior, exterior renovation and landscaping costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1978 German built, well maintained.

Terrific access to local amenities in mature Bonnie Doon. As part of renovation package; all new appliances, shingles, flooring and suite upgrades. This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! Renovations always present as a 10/10 on quality and style. This is a turn-key deal. Excellent access to U.O.A and 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 sought after mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $680,000
Total Investment: $160,000
Your Estimated 5 Year Profit: $108,076
Your pre-tax Total ROI is 67.5% or 13.5% 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: RMS Builders still among Canada’s fastest growing companies

By Gary Lamphier Edmonton Journal, October 28th., 2016

A year ago, RMS Builders joined a star-studded cast of promising junior firms when it was named the fastest-growing builder and the second fastest growing company in Canada.

The honour was bestowed on the low-profile, Edmonton-based general contractor and real estate developer by Canadian Business magazine in its annual Profit 500 rankings.

RMS earned the spotlight by generating 2014 revenues of more than $30 million, up an eye-popping 15,000 per cent over the previous five-year period. RMS has built its business one small step at a time, on bread-and-butter projects such as suburban hotels and car dealerships.

FOLLOW THIS ARTICLE

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

Gary Lamphier: Tepid economic growth to slow even further, says Bank of Canada

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

Although he’s more folksy and plain spoken than his predecessor, Bank of Canada governor Stephen Poloz doesn’t exactly peel the paint off the walls when describing the feeble state of the economy.

Like any central banker, Poloz speaks in code, doling out highly nuanced, carefully worded tidbits on manufacturing, housing, exports, investment and other key aspects of Canada’s $2-trillion economy.

But no matter how opaque his language, it’s hard to miss the central point of the Bank of Canada’s latest monetary policy report, delivered by Poloz Wednesday in Ottawa: Canada’s economy sucks. In fact, it sucks even more than he thought just a few months ago. GRAB THIS STORY

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Opinion: Time for Alberta to invest in a new kind of energy workforce

By Kerry Oxford, Edmonton Journal, October 28th, 2016

As a mechanical engineering technologist who’s been stuck in the boom-and-bust cycles of oil and gas, I’ve come to realize that it’s time for a change. We need to create a more stable and diversified future.

My work experience has taught me that much of what the industry has been doing is both short-sighted and unnecessary. Albertans and other Canadians affected by the latest commodity bust deserve a more stable economy — and that’s within our reach.

I was born in England but have lived in Calgary most of my life. When I was laid off from my welding job in 2009, I went back to school and got a diploma in engineering technology. When I was laid off again in 2015, I decided I would rather work for myself than be reliant on the volatile fossil fuel industry. READ MORE HERE

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

I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.

Your success continues EVERYDAY, let me help you build for tomorrow.

“Don’t watch the clock. Do what it does and keep going!” -Sam Levenson

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

October 17th., 2016
Volume 21, Issue 7

Dear Friends and Partners,

My friend and I start every day by texting each other 3 things we are grateful for. The only rule is no repeats, each text must hold three new things we find to express our gratitude.

Sometimes there are backhanded; "I'm grateful I have kids who keep me up all night" or "I'm grateful it wasn't freezing when my dog wanted to go out at 2am" others for simple North American privileges "I'm grateful my water is safe to drink"or "I'm glad I have a nice warm house".

If you can do this for at least a month your view of your life and problems will change.

I'll leave you with this powerful quote:

Vice president of product at Airbnb

Courtesy of Airbnb

“I once sent an email to my PhD advisor at Caltech, Niles Pierce, complaining about something difficult I was struggling with. I saved his response. He said, ‘I guarantee you 100% that the tough problems you do decide to confront and master will be the experiences you value the most when you look back.’ That quote has always stuck with me in the back of my mind and encouraged me to seek out difficult challenges and get even more excited when things get hard.”

King Edward Bungalow Conversion: 4-Plex, cash-flow central

This is currently a Side by side that can be turned into a 4-Plex. Price includes renovation costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1967 built, meticulously maintained. Terrific access to local amenities in mature King Edward. New appliances, shingles, flooring and suite upgrades.

This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of King Edward.

Comes complete with great tenants making this a totally turn-key property for you. King Edward is a mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $600,000 plus $75,000 Purchase Plus Improvements
Total Investment: $141,720
Your Estimated 5 Year Profit $95,232
Your pre-tax Total ROI is 67% or 13.4% 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!

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

The new two solitudes: 'Alberta and the rest of the Canada'

By Robson Fletcher, CBC News, October 3rd., 2016

Sumara Diaz was laid off in February, and she counts herself among the lucky ones.

It was the first layoff of her 17-year career in Alberta's oil and gas sector, and she's well aware that many of her colleagues have been through the experience multiple times. She's spent the last eight months hunting for jobs, networking and trying to stay positive.

She doesn't expect much from others — she finds it hard to ask for help — but she says a little support from the rest of the country for the tens of thousands of other Albertans like her would be nice.

"Alberta has always been the strong province that has helped the other provinces," Diaz said.

FOLLOW THIS ARTICLE

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

Opinion: George Brookman on Albertans’ growing anger, and Calgary’s future

By George Brookman, CBC News Canada, October 10th, 2016

"Nothing Ever Happens Until Somebody Sells Something."

Those words were spoken to me by my Dad when I was a very young little guy and they were repeated over and over as I grew. Today, both of my own daughters have heard them so often they will say "yes, yes Dad, we know."
Whether you want to get a date, convince your parents to buy a puppy, sell a house or a car, promote a fund raiser or convince your children about the merits of secondary education, the simple truth is that you are always selling. GRAB THIS STORY

————————

The state of Edmonton’d economy: House prices, migration and an economic outlook
A Q & A with Edmonton chief economist John Rose
By Alex Boyd, Metro, October 4th, 2016

In the latest bit of Alberta economic gloom, the Royal LePage House Price Survey detailed Tuesday that Edmonton average home prices declined by 3.1 per cent, to $374,712, compared to the same quarter last year.

We checked in with Edmonton chief economist John Rose about that number, the city’s economic outlook and other numbers he’s watching.

Q: How concerning is the decline number?

A: It’s very difficult to square that number with the information from the Edmonton Real Estate board last week, which indicated house prices in the Edmonton region were actually down less than one per cent. So I find the three per cent number a bit high. 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.

“You have to stay true to your heritage; that's what your brand is about.” -Alice Temperley

Warm Regards,

Todd and Danielle Millar

How much Americans at every age have in their savings account.

Canadians aren't doing better. Clearly we have gone from a society of savers to a society plagued with debt.

How the wealthy think - "Don't look for jobs with the greatest salary potential. Rather, "focus on work that has the most fulfillment potential. Once you find it, invest so much heart and soul into your work that you become one of the most competent people in your field. You'll be rewarded with uncommon wealth." Self-made millionaire Steve Siebold from his book "How Rich People Think"

The trouble with B.C. Premier Clark's jab at Alberta's oil economy - "In stating her support for the project, Clark happened to utter a phrase remarkably similar to one made countless times by pretty much every political leader in neighbouring Alberta.

“We want to make sure we can get these goods… to market,” she said.

Many were likely unamused by the irony of that statement, and with good reason. It was Clark’s government that responded to various calls from Alberta to get its own goods to market by imposing strict conditions on Alberta’s attempts to reach those markets.

Clark’s resistance emboldened opponents to new oil sands pipelines in her province, contributing to the economic challenges Alberta now faces as its oil sands industry continues to sell its output at a substantial discount due largely to a lack of market access new pipelines would have created. The B.C. Premier acknowledged those challenges in her comments." Read more here

Alberta announces $100M in investments to diversify economy - "Alberta has announced close to $100 million in investments as part of its stated goal to further diversify the provincial economy.

Economic Development Minister Deron Bilous said the money will be used to support job creation and innovation in the renewable energy and natural gas sectors.

He said almost $46 million will to go TransAlta Renewables to expand developments in clean energy.

Another $46 million will to Calfrac Well Services to further environmental innovation in the oil and gas industry." Read more here

Edmonton's real estate market holds steady despite economic slump - “Alberta’s economy has been under enormous pressure for some time, but the residential real estate market in the Edmonton census metropolitan area continues to hold,”

“Prices and unit sales for residential homes are consistent with last year, down less than one per cent and two per cent respectively.” Steve Sedgwick, chairman of the Realtors Association of Edmonton, said in a statement -Read more here

Alberta premier applauds Ceapro's new biotech facility as a model of economic diversification -
"Ceapro Inc. - which employs about 30 people — specializes in taking raw materials, such as oats, and turning them into active ingredients in healthcare and cosmetic products. The company is opening a new facility which will provide jobs to another 30 . " 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

October 3rd., 2016
Volume 21, Issue 6

Dear Friends and Partners,

As we head into Q4 we’ve got a mix of conflicting reports on how bad and/or how good the economy is. A few years ago we forecast that Q2 2017 could be the turn around point.

I still think that may be, albeit a gradual one. If oil were to spike upward, then that would pull Alberta out of the fire until the last 2 years of accumulated debt can start to be repaid. Some of the ‘forward looking’ articles say we’re entering into a turnaround and hey, if that’s true, that’s fantastic news. I just don’t see a firm enough foundation for that yet.

King Edward Bungalow Conversion: 4-Plex, cash-flow central

This is currently a Side by side that can be turned into a 4-Plex. Price includes renovation costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1967 built, meticulously maintained. Terrific access to local amenities in mature King Edward. New appliances, shingles, flooring and suite upgrades.

This property will have 2 X 2 bd suites added down. Plus 2 X 3 bd on the main. Features oversized double garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and large reno conversion costs to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rentable and desirable neighbourhood of King Edward.

Comes complete with great tenants making this a totally turn-key property for you. King Edward is a mature neighbourhood that is convenient for tenants working downtown and attending U.O.A. 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: $600,000 plus $75,000 Purchase Plus Improvements
Total Investment: $141,720
Your Estimated 5 Year Profit $95,232
Your pre-tax Total ROI is 67% or 13.4% 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!

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

Hicks on Biz: Dashboard shows Alberta in the dumper

By Graham Hicks, Edmonton Sun, September 16th, 2016

I am mystified.

The Alberta government’s Economic Dashboard, an up-to-date snapshot of the provincial economy, shows we’re truly in the dumper.

Compared to a year ago, Alberta’s unemployment rate has jumped from 6.1% to 8.4%, the number of jobs has dropped 22.6%, average weekly earnings are down 4.2% and Employment Insurance recipients are up 48%.

The only positive sign is the population has grown 1.8% to 4.2 million.

And yet downtown Edmonton is in the midst of a building boom, the likes of which we haven’t seen in 30 years.

READ THIS ARTICLE

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

Alberta’s Economy set to grow faster than any province next year

By Jesse Ferreras, Huffington post Canada, September 29th, 2016

Don't call it a comeback. Not a big one, anyway.

Alberta's economic growth is set to beat all Canadian provinces next year and the one after, says a TD Provincial Economic Forecast released Thursday.

Alberta is set to see GDP growth of over two per cent in 2017 and 2018, thanks in large part to rising oil production and new oilsands projects coming online, the forecast said.

GRAB THIS STORY

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

EI Claimant numbers in Alberta up almost 92%

By Juris Graney, Edmonton Sun, September 22nd., 2016

Employment insurance figures continue to climb in Alberta, with the number of claimants up almost 92 per cent in the 12 months to July.

Statistics Canada’s latest data shows slightly fewer than 100,000 Albertans, or four per cent of the total labour force, claimed EI in July.

Almost two-thirds of those claiming benefits were men.

Percentage increases in the past 12 months in Calgary (96.2) and Edmonton (72.5) topped the nation as the number of provincial claimants jumped almost 92 per cent in the same period.

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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.

“No great thing is created suddenly.” -Epictetus

Warm Regards,

Todd and Danielle Millar

It's very, very easy to forget how you got to where you are. Success, comfort and complacency can lead to amnesia regarding the amount of hard work and frugality it took to get to that level of success. (Think the anti vaccination movement for example)

".....Those of us in the industry know the products we develop are indispensable to the economies of the world. And so, even as we work our way through this low-price environment, we’re confident in the future.

During my 36 years with Chevron, oil prices have dropped 50 percent or more five times. In the most recent fall, oil went from a high of just over $115 a barrel to under $50 a barrel in just six months. When prices fall, industry pulls back on investment and scales back the workforce in line with activities. Ours is a long-term business, so we know that eventually supply and demand will come back into balance and prices will stabilize. The global economy depends on it.

The energy we produce enables light, heat, mobility, mechanized agriculture, modern communications, the health system that keeps us well, and the many electronic devices that keep us connected and entertained. It’s also the feedstock for everything from crayons to contact lenses, not to mention the basis of our roads and runways." Linked In Executive Editor Dan Roth

Read more here

At a cost of $10.5 Billion and bringing a whopping 7200 jobs. The windmills of Alberta seem set to waft a bad smell around the province.

"On Wednesday, NDP Environment Minister Shannon Phillips announced a plan to build 5,000 megawatts of additional “green” energy capacity in Alberta by 2030.

Be prepared to dig really deep into your pockets for this one. If the NDP are able to achieve this goal, it will only be because much of the $10.5-billion price tag is squeezed out of taxpayers." Read full article here

Can't wait to pay for this initiative and hopefully it produces more than the 4% of energy that Europe gets.

Even a seasoned landlord can forget the basics and start sliding into home base with their properties and that's when you get tagged out. I'm WAY to nice with arrears and I've had some spectacularly successful collections it's also gone the other way. That's why I hire out collections now. It's not my forte.

Some of the points are pretty basic you should KNOW exactly what your proprety will cashflow (or not) before you find it. That means all expenses. Otherwise what are you buying?

It's pretty solid advice because life is full of Murphy's Law moments....

What I Wish I Knew Before Buying Rental Property - Holly Johnson

Buying the right rental properties is a challenge in itself, but the act of being a landlord is by far the hardest part. However, owning rental properties can be the key to a great deal of profit and financial freedom if you do things the right way from the start – or at least learn from your mistakes along the way.
I wouldn’t change anything about our story, but I do wish I had known more about the business before we got started. If you are considering buying rental property, I hope you can learn from my mistakes instead of learning things the hard way. READ MORE HERE