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
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 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!

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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

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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


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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

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

“No great thing is created suddenly.”  -Epictetus

Warm Regards,

Todd and Danielle Millar