Will new PM stick to housing promises?
by Steve Randall
Canada’s new federal government will now be expected to deliver on a raft of election promises, including those on affordable housing.
Justin Trudeau made this promise a month ago: “Safe, adequate, and affordable housing is essential to building strong families, strong communities, and a strong economy.
"We have a plan to make housing more affordable for those who need it most – seniors, persons with disabilities, lower-income families, and Canadians working hard to join the middle class.”
Liberal.ca details the pledges made by the party that is now empowered to enact them; “significant new investments in affordable housing;" “tax incentives to increase and substantially renovate the supply of rental housing across Canada;” a review of government-owned land to see if it can be used for affordable homes; a modernized Home Buyers’ Plan; and a review of “escalating home prices in high-priced markets – like Vancouver and Toronto – to keep homeownership within reach for Canadians living in these areas.”
Over to you Mr Trudeau…
Tuesday, October 20, 2015
Thursday, October 15, 2015
Playing the Waiting Game
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 14th., 2015
Volume 19, Issue 6
Dear Friends and Partners,
As the warm weather stretches into October, so does the anticipation of the election. It feels like we’re holding our collective breath; for oil prices to stabilize, the Alberta budget to be announced (end of October) and the Federal leaders to be chosen.
A feeling of uncertainty leads us into Q4 and that is reflective in the housing markets (slower sales) and rental market (more vacancies). Hope for the best and plan for the worst is an ideal axiom to see you thru.
North East Edmonton: Highlands Legal 4-Unit Cashflow
Turbo charge your portfolio. This terrific legal four-plex features
separately titled suites. 1971 built, located half a block to Ada
Boulevard and the river valley.
Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.
Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rent-ability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. 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: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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!
These 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!
=========================
Homes near new arenas and stadiums can expect bumps in real estate value
By Mario Toneguzzi, Calgary Herald, October 13th, 2015
The construction of new arenas and stadiums has a positive impact on real estate values for nearby homes, says a new report by the Real Estate Investment Network.
“A key highlight of the research findings is: Homes in neighbourhoods close to new stadium builds — or proposed stadium builds — on average, have premiums ranging between three per cent and 15 per cent, depending on the different types of housing, parking options available, and the distance from the stadium itself,” said Don Campbell, senior analyst with REIN. GRAB THIS STORY
===============
Calgary, Edmonton forecast shows dramatic reversal in oil patch fortunes
By Gordon Isfeld, September 22nd., 2015
OTTAWA — The dramatic reversal of economic fortune in Alberta is most evident in its major cities, where a province-wide recession has already followed the global collapse of oil prices.
Both Calgary and Edmonton are expected to end 2015 with negative growth, as will the province as a whole, the Conference Board of Canada said in its forecasts for metropolitan economies, released Wednesday.
“After cruising at high speed over the last five years, Alberta’s economy has shifted into reverse gear this year,” the Ottawa-based think-tank said. READ MORE HERE
===============
Alberta economy to contract more than expected this year
By Mario Toneguzzi, Calgary Herald, September 22nd., 2015
Continued volatility in oil prices has “aggravated already challenging economic conditions” in Alberta, leading to a further forecast decline in the province’s economy, says RBC.
The bank’s latest provincial outlook says the Alberta economy is now expected to contract by 1.3 per cent in 2015 compared to its June forecast of a one per cent drop. A return to positive territory is expected in 2016 with 0.6 per cent growth in real gross domestic product, it said.
“A renewed downturn in crude oil prices is intensifying the pressures facing the hard-hit energy sector in 2015,” Craig Wright, senior vice-president and chief economist with RBC, said in a statement. “Prospects for a relatively short bout of contraction were further dampened with drought conditions, wildfires and disruptions to crude oil production exacerbating the economic downturn.” FOLLOW THIS ARTICLE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth. Your success continues EVERYDAY, let me help you build for tomorrow.
“It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S Truman
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.
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 14th., 2015
Volume 19, Issue 6
Dear Friends and Partners,
As the warm weather stretches into October, so does the anticipation of the election. It feels like we’re holding our collective breath; for oil prices to stabilize, the Alberta budget to be announced (end of October) and the Federal leaders to be chosen.
A feeling of uncertainty leads us into Q4 and that is reflective in the housing markets (slower sales) and rental market (more vacancies). Hope for the best and plan for the worst is an ideal axiom to see you thru.
North East Edmonton: Highlands Legal 4-Unit Cashflow
Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.
Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rent-ability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. 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: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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!
These 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!
=========================
Homes near new arenas and stadiums can expect bumps in real estate value
By Mario Toneguzzi, Calgary Herald, October 13th, 2015
The construction of new arenas and stadiums has a positive impact on real estate values for nearby homes, says a new report by the Real Estate Investment Network.
“A key highlight of the research findings is: Homes in neighbourhoods close to new stadium builds — or proposed stadium builds — on average, have premiums ranging between three per cent and 15 per cent, depending on the different types of housing, parking options available, and the distance from the stadium itself,” said Don Campbell, senior analyst with REIN. GRAB THIS STORY
===============
Calgary, Edmonton forecast shows dramatic reversal in oil patch fortunes
By Gordon Isfeld, September 22nd., 2015
OTTAWA — The dramatic reversal of economic fortune in Alberta is most evident in its major cities, where a province-wide recession has already followed the global collapse of oil prices.
Both Calgary and Edmonton are expected to end 2015 with negative growth, as will the province as a whole, the Conference Board of Canada said in its forecasts for metropolitan economies, released Wednesday.
“After cruising at high speed over the last five years, Alberta’s economy has shifted into reverse gear this year,” the Ottawa-based think-tank said. READ MORE HERE
===============
Alberta economy to contract more than expected this year
By Mario Toneguzzi, Calgary Herald, September 22nd., 2015
Continued volatility in oil prices has “aggravated already challenging economic conditions” in Alberta, leading to a further forecast decline in the province’s economy, says RBC.
The bank’s latest provincial outlook says the Alberta economy is now expected to contract by 1.3 per cent in 2015 compared to its June forecast of a one per cent drop. A return to positive territory is expected in 2016 with 0.6 per cent growth in real gross domestic product, it said.
“A renewed downturn in crude oil prices is intensifying the pressures facing the hard-hit energy sector in 2015,” Craig Wright, senior vice-president and chief economist with RBC, said in a statement. “Prospects for a relatively short bout of contraction were further dampened with drought conditions, wildfires and disruptions to crude oil production exacerbating the economic downturn.” FOLLOW THIS ARTICLE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth. Your success continues EVERYDAY, let me help you build for tomorrow.
“It's a recession when your neighbor loses his job; it's a depression when you lose yours." - Harry S Truman
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.
Thursday, October 01, 2015
Tapping the brakes
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 1st., 2015
Volume 19, Issue 5
Dear Friends and Partners,
It didn’t feel like a boom did it? The last five years were Alberta’s recovery and peak, before we navigate into a potentially downward trend. You can argue all day long that we don’t have boom and bust cycles here and you’d be right… But what we do clearly have are up and downward trends.
Over the last 5 years we’ve seen a fairly good economy and I think the shift into a slower economy is becoming more gradual than decades before. The gradual shift from high gear to low gear is becoming ever-so-slightly, softer. That’s a good thing.
It shows as a province, an economy - that we are better navigating through the cycles.
Here is an excerpt of an article we wrote 6 years back. The information is timeless and will help you understand and manage your rentals.
How to Keep Investment Properties Tenanted with Long Term Renters
"The purpose of your investment real estate is to produce positive monthly cash flow and sell for an increased value at some point in the future. The only way rental real estate will be successful is to have excellent hands-on partners in the venture, otherwise know as tenants. Great tenants are crucial to the financial success of your rental property. In fact it’s been said that the property isn’t an asset without great tenants in it. So where can you find the elusive great tenant? They’re only elusive if you don’t know how to attract them. By being open minded and pro-active, pumping up your ads and sweetening the deal you can attract great tenants like bees to honey."
BONUS Good ad writing advice:
Simple Ways To Make Your Rental Ads Stand-Out
North East Edmonton: Highlands Legal 4-Unit Cashflow
Turbo charge your portfolio. This terrific legal four-plex features separately titled suites. 1971 built, located half a block to Ada Boulevard and the river valley.
Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.
Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rentability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. 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: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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!
=========================
Why Canada’s last great hope for the oil sands is no slam dunk
By Claudia Cattaneo, Financial Post, September 28th, 2015
As major bitumen pipeline options keep falling off the table, Kinder Morgan’s TransMountain pipeline expansion is becoming the last big hope to open a new market for Western Canadian oil this decade.
With Enbridge Inc.’s proposed Northern Gateway stuck trying to increase aboriginal support in British Columbia, TransCanada Corp.’s Keystone XL expected to be rejected by the White House in the coming weeks, the start date for TransCanada’s Energy East proposal pushed back to 2020 at the earliest and a marine terminal at Cacouna, Que., cancelled only the $5.4-billion TransMountain expansion (TMX) remains on track for completion in 2018. You know the reasons: Aboriginal pushback, climate change and anti-oil activism, mistrust of corporations and governments, etc.
So, it’s TMX or bust – literally. GRAB THIS STORY
===============
Alberta’s economy could recover in 2016, ATB’s Todd Hirsch says
Glimmer of hope depends on oil rising to $60, dollar staying weak and other sectors performing well
By CBC News, September 21st., 2015
The worst of the economic downturn could soon be over for Alberta's energy sector, according to the chief economist at ATB Financial.
There are signs the province will rebound enough to see modest growth by the second half of 2016, Todd Hirsch said on the Calgary Eyeopener Monday ahead of his address to the 2016 Economic Outlook presented by Calgary Economic Development and ATB Financial at the BMO Centre.
"So that's the good news, the bad news is that's still probably eight to 12 months away, so we do have a bit of a slog here to get through," he said. READ MORE HERE
===============
More layoffs anticipated as recession takes hold in Calgary and Alberta
By Mario Toneguzzi, Calgary Herald, September 21st., 2015
More job layoffs are anticipated from now until Christmas as Calgary and Alberta fight through a recession this year, but the Bank of Canada Governor says the economy is able to handle the challenges presented by a volatile resource sector.
Stephen Poloz said resources make up more than a quarter of the Alberta economy and “we’ve had to learn how to deal with large swings in their prices.”
“Any economy that relies on natural resources is naturally going to be challenged by large movements in their prices,” Poloz told a record crowd Monday at the annual 2016 Economic Outlook put on by Calgary Economic Development at the BMO Centre at Stampede Park.
“These shocks are more than just swings in Canada’s national income. They also force businesses to make decisions about the way resources such as their capital and labour are allocated. These decisions often lead to difficult adjustments, but they are necessary for maximizing our economy’s potential.” FOLLOW THIS ARTICLE
===============
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.
“Knowledge is an unending adventure at the edge of uncertainty.“ - Jacob Bronowski
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
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 1st., 2015
Volume 19, Issue 5
Dear Friends and Partners,
It didn’t feel like a boom did it? The last five years were Alberta’s recovery and peak, before we navigate into a potentially downward trend. You can argue all day long that we don’t have boom and bust cycles here and you’d be right… But what we do clearly have are up and downward trends.
Over the last 5 years we’ve seen a fairly good economy and I think the shift into a slower economy is becoming more gradual than decades before. The gradual shift from high gear to low gear is becoming ever-so-slightly, softer. That’s a good thing.
It shows as a province, an economy - that we are better navigating through the cycles.
Here is an excerpt of an article we wrote 6 years back. The information is timeless and will help you understand and manage your rentals.
How to Keep Investment Properties Tenanted with Long Term Renters
"The purpose of your investment real estate is to produce positive monthly cash flow and sell for an increased value at some point in the future. The only way rental real estate will be successful is to have excellent hands-on partners in the venture, otherwise know as tenants. Great tenants are crucial to the financial success of your rental property. In fact it’s been said that the property isn’t an asset without great tenants in it. So where can you find the elusive great tenant? They’re only elusive if you don’t know how to attract them. By being open minded and pro-active, pumping up your ads and sweetening the deal you can attract great tenants like bees to honey."
BONUS Good ad writing advice:
Simple Ways To Make Your Rental Ads Stand-Out
North East Edmonton: Highlands Legal 4-Unit Cashflow
Walking distance to schools and transport. Close to downtown and Wayne Gretzky Drive. This property has separate entrances to each suite; 3 X 3 bd and 1 X 2 bd, double garage, plus pad. This property was purpose built and is in fair condition.
Investment capital includes $50K budget slated for further renovations to modernize, improve value, aesthetics and rentability. This is a turn-key deal. Good access to downtown and in a great, mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Highlands is a mature neighbourhood that is desirable for tenants working in the East and downtown. 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: $725,000
Total Investment: $166,575
Your Estimated 5 Year Profit $97,062.50
Your pre-tax Total ROI is 58% or 11.6% 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!
=========================
Why Canada’s last great hope for the oil sands is no slam dunk
By Claudia Cattaneo, Financial Post, September 28th, 2015
As major bitumen pipeline options keep falling off the table, Kinder Morgan’s TransMountain pipeline expansion is becoming the last big hope to open a new market for Western Canadian oil this decade.
With Enbridge Inc.’s proposed Northern Gateway stuck trying to increase aboriginal support in British Columbia, TransCanada Corp.’s Keystone XL expected to be rejected by the White House in the coming weeks, the start date for TransCanada’s Energy East proposal pushed back to 2020 at the earliest and a marine terminal at Cacouna, Que., cancelled only the $5.4-billion TransMountain expansion (TMX) remains on track for completion in 2018. You know the reasons: Aboriginal pushback, climate change and anti-oil activism, mistrust of corporations and governments, etc.
So, it’s TMX or bust – literally. GRAB THIS STORY
===============
Alberta’s economy could recover in 2016, ATB’s Todd Hirsch says
Glimmer of hope depends on oil rising to $60, dollar staying weak and other sectors performing well
By CBC News, September 21st., 2015
The worst of the economic downturn could soon be over for Alberta's energy sector, according to the chief economist at ATB Financial.
There are signs the province will rebound enough to see modest growth by the second half of 2016, Todd Hirsch said on the Calgary Eyeopener Monday ahead of his address to the 2016 Economic Outlook presented by Calgary Economic Development and ATB Financial at the BMO Centre.
"So that's the good news, the bad news is that's still probably eight to 12 months away, so we do have a bit of a slog here to get through," he said. READ MORE HERE
===============
More layoffs anticipated as recession takes hold in Calgary and Alberta
By Mario Toneguzzi, Calgary Herald, September 21st., 2015
More job layoffs are anticipated from now until Christmas as Calgary and Alberta fight through a recession this year, but the Bank of Canada Governor says the economy is able to handle the challenges presented by a volatile resource sector.
Stephen Poloz said resources make up more than a quarter of the Alberta economy and “we’ve had to learn how to deal with large swings in their prices.”
“Any economy that relies on natural resources is naturally going to be challenged by large movements in their prices,” Poloz told a record crowd Monday at the annual 2016 Economic Outlook put on by Calgary Economic Development at the BMO Centre at Stampede Park.
“These shocks are more than just swings in Canada’s national income. They also force businesses to make decisions about the way resources such as their capital and labour are allocated. These decisions often lead to difficult adjustments, but they are necessary for maximizing our economy’s potential.” FOLLOW THIS ARTICLE
===============
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.
“Knowledge is an unending adventure at the edge of uncertainty.“ - Jacob Bronowski
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
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