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
Thursday, June 09, 2016
Wednesday, June 01, 2016
Market Snapshot
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
===============
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
===============
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.
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 + CashflowTurbo 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
===============
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
===============
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.
Subscribe to:
Posts (Atom)
