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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 

November 15th., 2016
Volume 21, Issue 9


How about that U.S. Presidential election…? Like it, love it or hate it, it was something to behold. With opinions of candidates aside, what an amazing use (or abuse) of media and ‘social clout’ was displayed (pop stars, really?).

If you haven’t seen Idiocracy, this election mirrored elements of it. Nonetheless, change is good. And one thing for certain is that a shift has been made. It may take the next 4 years for it to fully manifest, but the people have voted and have won fairly.

Meanwhile back in Canadian politics… Silence.

Bonnie Doon Bungalow Conversion: 4-Unit, Reno-deal. Cash-flow central

Turbo charge your portfolio. This is currently a Side by Side that can be turned into a 4-Unit. * These are pre-renovation pictures *

Price includes interior, exterior renovation and landscaping costs. Great, soon to be 4-unit bungalow, 10 minutes from downtown; a winner to add to any portfolio. 1978 German built, well maintained.

Terrific access to local amenities in mature Bonnie Doon. As part of renovation package; all 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! Renovations always present as a 10/10 on quality and style. This is a turn-key deal. Excellent access to U.O.A and downtown and in the highly rentable and desirable neighbourhood of Bonnie Doon.

Comes complete with great tenants making this a totally turn-key property for you. Bonnie Doon is a sought after 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: $680,000
Total Investment: $160,000
Your Estimated 5 Year Profit: $108,076
Your pre-tax Total ROI is 67.5% or 13.5% 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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Edmonton economy took hit in the fall, expected to rebound in 2017

EDMONTON JOURNAL
November 8, 2016

Edmonton’s economy contracted “sharply” last summer, but should improve modestly in 2017, city economist John Rose says.
In an update released Tuesday, Rose found that Edmonton’s 2016 gross domestic product and unemployment rate were worse in the third quarter of the year than he forecast last spring.

Construction and manufacturing were particularly weak.

Activity in these areas stabilized over the last two months and the rest of the economy is slowly growing, so the situation should improve modestly, Rose wrote. Read More Here.

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Edmonton real estate market burdened by job losses, stunted growth

'A weaker labour market, slower migration and reduced consumer confidence are tempering demand'

CBC News, Oct 26, 2016

Demand for new homes in Edmonton has "tempered" in light of a weaker market and reduced consumer confidence, according to new reports from the Canada Mortgage and Housing Corporation (CMHC).

According to the CMHC Housing Market Outlook and Housing Market Assessment released Wednesday, housing starts have slowed as stunted income growth, job losses and slowing population growth put a chill on the local market. Grab this story

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ANALYSIS: Why Calgary's and Edmonton's job markets are so different
Calgary's unemployment rate is going up, Edmonton's rate is going down. What gives?

By Tracy Johnson, CBC News, Nov 08, 2016

A curious thing is happening in Alberta's job market: While the province as a whole is suffering, with an unemployment rate of 8.5 per cent, Calgary and Edmonton are seeing their fortunes diverge, with Calgary taking the brunt of the downturn.

Two years ago, the two cities had similar unemployment rates of roughly five per cent. Last month, Calgary's rate hit 10.2 per cent, a multi-decade high, while Edmonton is sitting pretty (relatively speaking), with a jobless rate of 6.9 per cent — just below the national average. Read more here.

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


“Leadership is not about the next election, it's about the next generation.” - Simon Sinek