Teamwork

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


February 15th., 2014
Volume 16, Issue 2

Dear Friends and Partners,

Denny Morrison almost never falls. He could never remember falling in a race, and maybe only three times in more than a decade of training. But in late December, on his final lap of the 1,000-metre race at the Canadian Olympic trials, with the Olympics perhaps 50 metres away, the veteran speed skater clipped his right heel, and he fell.

He slid across the line late and failed to qualify. Morrison had hit low points before — he broke his leg while skiing in 2012 — but this time, he needed someone to pick him up.

 If you’re not familiar with this story read it here.

Rarely do we see genuine teamwork in action unless we are personally involved with the team, the business or the group. I found Gilmore Junio’s decision to put his team and his teammate in front of his own personal goals so powerful and exciting; even ‘fresh’.

It's ironic to say that putting a team mate ahead of one’s self is a ‘fresh’ or new idea because it is in fact one of the oldest and most ingrained in true character. Maybe it is simply ‘refreshing’ to see it in action when the stakes are so high.

Let’s all take a page from Junio and a page from Morrison on what actions to model, victories to strive for. Well done!


North West Edmonton: Cash-flow: Suited Bungalow Reno Property in Glengarry

Turbo charge your portfolio. This semi-suited bungalow is located in the mature area of Glengarry. It is rough, ugly and bought for good value.

This 1962 built property has a front entrance for the upper unit and a rear entry for the lower suite. Our renovation team will fix this from top to bottom.

Renos to include all flooring, kitchens, bathrooms, fixtures, paint and much more. We use our special PPI strategy to wrap the repairs into the mortgage.

The suite is to be completed up to city code. 3 BD upper, 1 BD lower, en suite laundry and detached garage. Great access to 137 AV and 82nd st right to the Yellowhead and downtown.

Purchase price is $265K + $50K renovation package for a total of $315K - CF all day long and equity of approximately $20K.

Comes complete with great tenants making this a totally turn-key property for you. Convenient north west area with easy access to transit and downtown. Glengarry is a mature area with plenty of schools, park and amenities. Highly rent-able; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.

Purchase price: $315K
Total Investment: $75,341K.
Your Estimated 5 Year Profit $42,432.65K.
Your pre-tax Total ROI is 56% or 11% per year

These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
=========================

Alberta workers most confident in economy
Also most confident in Canada in finding new jobs

By Mario Toneguzzi, Calgary Herald, January 23rd, 2014

CALGARY - Alberta workers are the most confident in the country when it comes to the strength of the Canadian economy.

A new study, conducted by Ipsos-Reid on behalf of Randstad Canada and released Thursday, said 35 per cent of workers in Alberta were more positive this year than last year about the overall economy followed by 32 per cent in British Columbia.

The Randstad Canada Labour Trends Study 2014 found that 30 per cent of Canadians feel more confident about the economy heading into 2014 than last year.

Overall, 25 per cent of Canadians felt more confident in the job market this year than last year with 31.3 per cent of Albertans feeling that way.

“While 2013 may not stand out in anyone’s mind as a banner year for the Canadian job market or the economy overall, it is encouraging to see even cautious optimism from both employees and employers about this year’s prospects on both fronts,” said Tom Turpin, president of Randstad Canada, in a news release.
 FOLLOW THIS ARTICLE


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

Alberta’s Oilsands touted as giants of Canada’s economy
Calgary Chamber of Commerce not surprised by IHS report

By CBC News, February 13th, 2014

Alberta's oilsands contributed more to Canada's economy than the entire province of Saskatchewan, suggests a new study released Wednesday. According to Oilsands Economic Benefits: Today and in the Future, the oilsands contributed $91 billion of Canada's gross domestic product (GDP) and is the giant of Canada's economy.
"[Oilsands] production already represents a significant economic contribution to the Canadian economy, with annual expenditures already greater than the gross domestic product of half of the Canadian provinces," said Jackie Forrest, IHS's senior director in charge of the Oil Sands Dialogue project.

"Those contributions, in terms of jobs, economic growth and government revenues will continue to grow along with [oilsands] development."

The report suggests the oilsands will support more than 753,000 jobs by 2025.

That number is nearly double the current number of jobs supported by the fields, which hovers around 478,000, and would be equivalent to five per cent of Canada's total employment in 2012.   READ MORE HERE

 
===============

Alberta Welfare Rate dips to lowest level since 1970s

By Jason Van Rassel, Calgary Herald, February 13th, 2014

The current welfare rate in Alberta is half that of Ontario’s and the lowest it has been since the 1970s, according to data compiled by University of Calgary researchers.
A study released Thursday documents overall welfare rate declines across the country — what it doesn’t do, however, is explain the trend.

“Is it a positive sign suggesting that the country has made significant strides in keeping people from needing to receive social assistance or is it a sign that public policies have simply made it too difficult for those deserving of support to receive it?,” wrote the authors, U of C School of Public Policy professors Ron Kneebone and Katherine White.
 READ MORE HERE

 
===============


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

“An ounce of performance is worth a pound of promises." - Mae West

Warm Regards,

Todd and Danielle Millar


===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

P.S. Stay ahead by checking out Danielle's  blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.