Friday, October 28, 2016
Monday, October 17, 2016
Thanksgiving and Gratitude
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
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 centralThis 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
Tuesday, October 11, 2016
I found this interesting...
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"
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"
Tuesday, October 04, 2016
This and That October 2016
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
“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
Monday, October 03, 2016
2017 - The Mystery of Alberta's Economy
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.
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.
“No great thing is created suddenly.” -Epictetus
Warm Regards,
Todd and Danielle Millar
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 centralThis 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.
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.
“No great thing is created suddenly.” -Epictetus
Warm Regards,
Todd and Danielle Millar
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