Edmonton Real Estate Investor: 2017

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

December 15th, 2017

Volume 23, Issue 06

Dear Friends and Partners,

The importance of being in the now and goals. I’ve found that I get the best results out of my life by planning. I write goals, actions steps and ‘get after it!’ I measure the goals quarterly and adjust as needed. This works for me. Another thing I’ve been trying to do more is ‘be in the moment’. Here’s the trick – you can make the moment last as long as you like. Doing this allows me to enjoy what I have accomplished while still being in the mode of doing more. I’m grateful and I’m active. Try it, if you’re not already doing it.

2018 is just around the corner. I hope that you'll aim high, reach your target and have fun along the way.

As mentioned earlier, we won’t be doing a twice monthly formatted newsletter as before. Instead we shall blog more often and occasionally send out updates via mailing list. So – you need to check in often if you want to follow us & what is happening in the Edmonton real estate investment market.

Wishing you the best of the holidays and the New Year ahead!

Thank you for all your support! Todd & Danielle Millar

Central SE Edmonton: Forest Heights, 4 Unit - Cashflow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. This legal 4-Plex has independent addresses for each unit. It attracts renters who want a self contained suite in an easily accessible location. Zoned RF 4 and near the proposed LRT route, this is a great rental and longterm money maker. 12 minute drive to downtown 16 mins to U.o.A & Hospital.

This property has undergone some upgrades but will need more to make it shine which will be combined into mortgage. Well sized with 4 X 3 bd units. 1960 built, double garage, massive lot, zoned RF4 with smaller front yard. Terrific access to local amenities in sought after Forest Heights. All major renos done - purchase price to include renovation budget to upgrade exterior/interior to make it standout - all rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Height is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre.

Purchase price: $682,000
Total Investment: $161,000
Your Estimated 5 Year Profit $100,313
Your pre-tax Total ROI is 62% or 12% 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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Alberta’s oil sector is trying to recover and “make $50 oil work” but analyst Todd Hirsch says the slow growth may allow agriculture to expand with less competition for labourers.

By Barb Glen, Western Producer, December 7th., 2017

Southern Alberta’s focus on agriculture has cushioned it against the recession that devastated parts of the province where the energy sector was the economic engine.
Todd Hirsch, chief economist with ATB Financial, told those at the Alberta Irrigation Projects Association water conference Nov. 21 that agriculture has created a more consistent economic base in the south because of the sector’s ability to control costs and improve efficiency.

Though by some measures the recession is over in Alberta, Hirsch didn’t support that supposition in his keynote address.

READ MORE HERE

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Opinion: Alberta needs industry incentives to diversify the economy

By Lori Kent, Edmonton Journal, December 2nd., 2017

Alberta continues to endure the boom-and-bust struggle of a resource-based economy.
The benefits of diversifying Alberta’s economy are well-documented and most experts agree that economic diversification is imperative to the success of our province and our nation. Yet it is slow to be realized. Alberta has largely failed to attract new investment in energy-diversification projects, which has led to continued volatility in the economy, less opportunity for our children and less spending on social programs.

GRAB THIS ARTICLE

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Albertans could be about to lose billions, while banks reap a windfall

By Fenner Stewart, Financial Post, December 6th., 2017

Last month, the Supreme Court of Canada announced it would review a judgment of the Alberta Court of Appeal that threatens to eviscerate Alberta’s oil-well abandonment and reclamation program.

The Alberta court’s decision had blocked the Alberta Energy Regulator (AER) from ensuring that proceeds from the sale of a bankrupt exploration and production company’s wells are used to satisfy its outstanding environmental obligations. In short, the decision grants lenders the right to separate the wheat from the chaff when a borrower goes bankrupt.

The problem is that the chaff is the abandonment and reclamation of non-producing wells.

How dire is it that financing for the abandonment and reclamation of wells is lost?

BONUS: 2018 KEY CHARTS

FOLLOW THIS STORY

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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.

“Write it on your heart that everyday is the best day of the year.” -Ralph Waldo Emerson

Warm Regards,

Todd and Danielle Millar

===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===

There's so many financial acronyms around you could be a Y.A.W.N or maybe a D.I.N.K. or heaven forbid a S.I.N.B.A.D (single income no boyfriend and desperate!)

F.I.R.E - Financial Independence Retire Early is one I really like.

"FIRE is having a moment, and it’s not hard to understand the appeal. Financial independence? Sounds great! Retiring Early? Sign me up! It’s a movement that’s quickly gaining momentum, too. We spoke with four FIRE enthusiasts and asked them to share what the movement is all about, and what it takes to achieve this elusive goal of Financial Independence/Retire Early." Read more

One FIRE advocates take HERE

It is very simple in theory, reduce your expenses to the point where your income covers them and you have suffienct funds left over to save. That means downsizing, no venti lattes and a lot more sacrifices. However the joy you get from lying on a beach without a worry at 45, 55 or 60 will be well worth it.

Edmonton makes World’s Best Cities Top 100 list for 1st time - "For the first time, Edmonton has found itself on a list ranking the best cities in the world.

Edmonton came in at No. 60 on the World’s Best Cities 2018 list, which is compiled by global consulting firm Resonance Consultancy.

The Top 100 cities are chosen based on six key categories: place, product, programming, people, prosperity and promotion.

Edmonton scored higher in the people, place and prosperity categories, while falling short on the remaining three criteria." Read more

Red ink rising: Economic experts spar over solutions to Alberta's growing debt - "Call it the battle of the bottom line, a red ink rumble sure to take centre stage leading up to Alberta’s next provincial election.

Alberta’s finance minister insists the province has the best balance sheet in the country and is sticking with a plan to balance the budget by 2024. But critics paint a far bleaker picture, arguing the NDP is crippling Alberta’s economy through a muddled strategy that won’t effectively address its ballooning debt.

Government estimates — projecting debt to reach $71.1 billion in three years — could be the best-case scenario, says a recent report by the University of Calgary’s School of Public Policy.

Penned by former Saskatchewan finance minister Janice MacKinnon and economist Jack Mintz, the report suggests Alberta’s March budget was based on “optimistic assumptions” about the price of oil.

The province pegged oil at US$68 per barrel by 2020, considerably higher than the Moody’s Investors Service forecast of US$40 to US$60 per barrel. West Texas Intermediate closed last week at US$55.64." Read More

Made-in-Alberta action plan unveiled to protect 7,000 oil and gas jobs - "Canada’s leading oil and gas industry lobby group says a “made-in-Alberta solution” to reduce methane emissions rather than proposed federal regulations could mitigate the number of job losses in the province over the coming decade.

Canadian Association of Petroleum Producers president and CEO Tim McMillan said even though its five-point plan released Monday would still cost the oil and gas industry $700 million over eight years, it would protect 7,000 jobs, inject $710 million in capital and boost the province’s gross domestic product by $2.5 billion.

The plan, which MacMillan dubbed as the “most cost-effective, but also the most jobs effective” way of meeting reduction goals, centres on the province and industry working collaboratively to create an equivalency agreement with the federal government." Read More

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, 2017

Volume 23, Issue 05

Dear Friends and Partners,

As we wind down the year you’ll notice a few changes happening in our newsletter. In the New Year we’ll be going from the current bi-monthly update to a weekly blog platform. That’ll mean that we won’t send out the newsletter on the 1st and 15th. Rather, we’ll send out the occasional update and leave it up to you to visit our website to stay updated. If you prefer to be notified for more frequent economic and property updates, just send us an email directly.

You’ll see links to oil sands news this month and a very interesting article on the petition for Amazon HQ. The last couple years have been a tough slog in AB and the province hasn’t had a good defender since the last change of government. There are signs of an improving economy and of diversification, but (like it or not) an uptick in oil is what would spur growth and confidence in the province as a diversification deepens.

Onwards and upwards!

Central SE Edmonton: Forest Heights, 4 Unit - Cashflow

Great addition to any portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. Despite being behind (the backyard) of a busy road, this 4-Plex attracts renters for its location. Zoned RF 4 and near the proposed LRT route, this is a great rental and longterm money maker.

A short 8 minute drive to downtown 14 mins to U.o.A & Hospital. This property has undergone some upgrades but will need more to make it shine which will be combined into mortgage. Well sized with 4 X 2 bedroom units. Has coin laundry area as well. 1961 built, double garage, massive lot, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Forest Heights. Purchase price to include renovation budget to upgrade exterior/interior to make it standout - all rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Height is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre.

Purchase price: $645,000
Total Investment: $150,580 ($35,000 PPI)
Your Estimated 5 Year Profit $88,123
Your pre-tax Total ROI is 58% or 11.7% 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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Battershill: We need to show the same passion for pipelines as we do for Amazon

By Cody Battershill, Calgary Herald, November 2nd., 2017

"What if we competed as hard for Canada’s energy as we did for America’s Amazon?

What if Canadians were as excited about pipelines as they seem to be about attracting the online retail giant’s second headquarters (the so-called HQ2 campaign)?

What if, at the same time Calgary tells Amazon the city would “fight a bear for you,” Calgary Mayor Naheed Nenshi were to step up efforts to get our energy resources to tidewater?

And what if our country were to coalesce behind a campaign to promote Canadian oil and gas, the largest single contributor to Canada’s economy, produced to the best environmental standards on Earth?" READ MORE HERE

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Canada oil, gas drilling to pick up in 2018: industry body

By Nia Williams, Reuters, October 30th., 2017

CALGARY, Alberta (Reuters) - "Canadian oil and gas drilling activity will climb 5 percent in 2018 as a gradual uptick in crude prices gives rise to cautious optimism among producers, an industry body forecast on Tuesday.
The Petroleum Services Association of Canada (PSAC) expects energy firms to drill 7,900 wells next year, up from 7,550 in 2017. The biggest increase in activity will be in Canada’s main crude oil and gas-producing province of Alberta.

Based on PSAC’s forecast, next year will be the busiest for drilling since 2014, when oil prices crashed because of global oversupply." GRAB THIS ARTICLE

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‘It takes forever’: Another delay hits proposed Fort McMurray oilseeds mine
‘Given the environment we’re in, it takes forever to get anything built here.’ energy critic says

By David Thurton, CBC News, November 9th., 2017

"A decision to build a massive new oilsands mine north of Fort McMurray has been delayed. And that has Alberta's Opposition party worried the proponent might back out altogether.

The proposed $20.6-billion Frontier oilsands mine, if approved, would stretch over 292 square kilometres of boreal forest. That's an area roughly the size of Mississauga, Ont.

The proponent, Teck Resources Ltd., said the mine would employ 7,000 people during peak construction and 2,500 people during its operation." FOLLOW THIS STORY
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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.

“Failure will never overtake me if my determination to succeed is strong enough.” - Og Mandino

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.

MSN news not the best news source especially since they have removed their comment section. Too often the comments spoke for the real Canadian sentiment which was quite different than their slant on it.

However their finances department has good information on wealth management, creation and preservation.

Evelyn Jacks' '10 ways to actually bring fair tax relief to Canada's middle class" is very good

"1. Collect only the right amount of tax, but no more. It was not so many years ago that the average tax refund was under $500. But today, it’s over $1,700 per person per year. That’s $3,400 per household, assuming two adult workers. By reducing the amount of taxes taken at the source, the government would accomplish something remarkable: more milk money would flow through to middle class wallets every two weeks. There would also be more after-tax cash flow to fund RRSPs, which, in turn, would increase available tax credits. "

I've noticed this myself with tenants. They struggle with rent and then hope to catch up with a huge tax return. Why over-collect?

Get all 10 tips HERE

It's no surprise businesses are revolting to Trudeau's tax overhaul. Will be interesting to see how it extends to his family fortune as well.. Read more

NDP minimum wage increase comes into effect this Sunday Read here

The ICE District is really changing downtown. A $75,000 parking stall seemed unthinkable before Jump

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

September 29th, 2017

Volume 23, Issue 04

Dear Friends and Partners,

I hope that summer been good to you. Did you take time to be with family, friends and make memories? If not now, then when. I’ve bought a ton of new audio books in a range of subjects that I hope to expand and enlighten myself with or at least, be entertained.

Fall is here and for some of us (like me) that means kids have already been in school for a few weeks and the routine has kicked into gear. Don’t get stuck though - as we finish up Q3 and get ready to enter Q4 you’ll want to continue planning and building for the new year.

We see interest rates moving upward, but still well low for great revenue buys. We see the same with property - multifamily is tighter than 6 months ago, but there are always deals if you know what to look for.

We're are transitioning our newsletter to mid-month only. The next newsletter will be November 15th, 2017. There will be more blog posts so keep an eye out there.

Central SE Edmonton: King Edward Park, Legal 4 Unit - Cashflow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. Despite being on a busy road, this 4-Plex attracts renters for its location. Zoned RF 4 and near the proposed LRT route, this is a great rental and long term money maker.

It's a 10 minute drive to downtown and 12 minutes to U.O.A & Hospital. This property has undergone many upgrades including mechanical, windows, flooring and interior upgrading.

Well sized 3 X 2 bedroom & 1 X 1 bedroom units. Has coin laundry area as well. Built in 1966, massive parking pad, zoned RF4 and wide front yard. Terrific access to local amenities in sought after King Edward. Purchase price to include minor renovation budget to upgrade exterior to make it standout - all rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. King Edward Park is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre.

Purchase price: $721,000
Total Investment: $203,350
Your Estimated 5 Year Profit $87,665
Your pre-tax Total ROI is 43% or 8.6% 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!

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Alberta’s evolving economy spins a new tale of recovery

By Claire Young, Calgary Herald, September 22nd., 2017

It turns out that when spiders go up into space, they eventually figure out how to spin webs without the help of gravity. The first webs are a bit messy and don’t work, but then the spiders adapt to new methods.
The capacity of adapting to new or unforeseen circumstances that shift the fundamentals for how work gets done is also seen in the human world, adapting to disruptors in the work world. That’s the topic of ATB Financial’s senior economist Todd Hirsch’s new book, Spiders in Space — Successfully Adapting to Unwanted Change.

It was also a thread in his economic forecast presented at the Building Industry and Land Development Alberta’s annual conference in Jasper on Sept. 15.

The price of oil crashing reverberated around Alberta, causing a fundamental shift. READ MORE HERE

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Billions of dollars spent downtown changing perceptions, survey suggests
By Claire Theobald, Edmonton Journal, August 30th., 2017

A new Downtown Business Association survey suggests billions of dollars invested in Edmonton’s downtown are changing public perceptions of the area while highlighting challenges ahead as the city looks to double the number of people living in the core.

“We’ve been doing a lot of work and putting a lot of money and time and significant investment into making downtown a more inclusive and inviting place, and we’re seeing that pay off,” said Ian O’Donnell, executive director of the Downtown Business Association (DBA), speaking at the Matrix Hotel at 10640 100 Ave. on Wednesday. GRAB THIS ARTICLE

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Edmonton to bid on ‘tasty morsel’ $5 Billion Amazon headquarters

By Catherine Griwkowsky, Edmonton Journal, September 8th., 2017

Online retail giant Amazon is looking for a second North American headquarters and Edmonton is hoping to be its home.

The Seattle-based business is looking to open what it calls Amazon HQ2, a $5-billion construction project that could bring with it 50,000 jobs.

Mayor Don Iveson said the Amazon request for proposals is a “tasty morsel” that made his ears perk up Thursday.

“If they’re looking for assets like great talent, affordable downtown real estate, one of the best machine learning and artificial intelligence shops in the world just down the train line from the university, I think we have a great case to make,” Iveson said. FOLLOW THIS STORY

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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.

“Life is too short to be living someone else’s dream..” - Hugh Hefner

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 blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

P.P.S. Don’t forget our next newsletter is November 15th, 2017!

What a beautiful hot summer in Edmonton. We've had some spectacular hail and thunderstorms. The only thing I'd complain about is the mosquitoes...

LNG possibility lives on, even after death of Pacific NorthWest LNG
Gordon Hoekstra, Vancouver Sun 08.02.2017
"This week, just seven days after B.C. Premier John Horgan and his NDP cabinet were sworn in, global energy heavyweight Petroliam Nasional Bhd killed its mega-project Pacific NorthWest LNG, citing poor market conditions.

With a price tag of $11.4 billion for the liquefied natural gas (LNG) plant and a docking terminal that would have loaded tankers bound for new markets in Asia, another $6 billion for a pipeline to carry gas from northeast B.C., and billions more needed to develop gas resources, this was no small cancellation.

There were as many as 4,500 jobs estimated for the project’s construction peak and another 300 or so estimated permanent jobs in northwest B.C., which has been hit hard by thousands of permanent job losses in the forestry sector, including from pulp mill and sawmill closures.

LNG was a nascent sector that had been touted by former Premier Christy Clark and her Liberal government as a new underpinning for the province’s economy." Read more
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Artificial Intelligence industry takes root in Alberta
By: Aaron Chatha Metro Published on Tue Aug 08 2017
"Alberta is becoming a hotbed for developing artificial intelligence, or machine learning technology.

Alberta technical agency Cybera thinks that AI research in the province could lead to more jobs, and a better retention of our best and brightest talent.

To start, the University of Alberta in Edmonton has led the charge in AI research for decades now. In fact, the federal government recently budgeted $125 million for AI research, and $25 million of that is already allocated for the U of A’s machine learning lab.

But the real kickstarter for Alberta’s AI industry is that DeepMind, a pioneer organization in machine learning, is opening their first-ever international AI research office in Edmonton." Jump
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Edmonton welcomes new modular apartment
Tuesday, August 1, 2017

"Edmonton’s first modular apartment made entirely of shipping containers is opening this month at 95th Avenue and 163th Street. Known as Westgate Manor, the three-storey, 20-unit multifamily development will bring much needed affordable housing to the area.

Constructed with an innovative all-steel modular building technology that uses surplus shipping-containers as its structural core, the apartment modules are fabricated in the Ladacor factory in Calgary, then transported to the infill site to be installed. In total the process takes three months, with less than a month needed to erect the modules for the apartment block on site.

Westgate Manor features a mix of two-bedroom and one-bedroom units, all with balconies and patios, attractive landscaping, modern design, and extensive parking.

“The re-purposing of the shipping containers is both an environmental consideration, as well as providing a far superior steel structure,” said AJ Sliviniski, President of Step Ahead Properties. “Offering schedule savings and less site disruption to the area, the non-combustible, durable steel versus wood material leads to higher public safety, and overall higher quality and lower execution risk with factory manufactured predictability. By the time the project is finished it is indistinguishable from conventional construction.”" Read more here

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

August 3rd., 2017

Volume 23, Issue 03

Dear Friends and Partners,

The talk about the economy is starting to cheer up. But, there isn’t a lot of strong economic data to support it, at least not long-term anyway. We should feel optimistic with the increase in building contracts and public sector industry, but oil & gas is still taking a hiding. ‘Diversification’ is present and needs much time to grow and take root. ‘Cautiously optimistic is a good phrase’ for this summer. If you want a darker read (or perhaps a rant) go HERE

Our next newsletter will be October

Central NW Edmonton: Idylwyde, Conversion to 4 Unit - Cashflow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites. Zoned RF 4 and with potential to build a revenue increasing garage, this is a great rental and long-term money maker. 10 minute drive to downtown 10 mins to U.oA. & Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite. 1971 built, large parking pad, zoned RF4 and wide front yard.

Terrific access to local amenities in sought after Idylwyde. Purchase price to include major renovation budget to add suites and improve exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Idylwyde is a mature neighbourhood that is convenient for tenants working downtown or 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 growing centre.

Purchase price: $629,000
Total Investment: $111,800
Your Estimated 5 Year Profit $79,958
Your pre-tax Total ROI is 60% or 12% 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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Alberta is about to be Canada’s fastest growing economy again

By Greg Quinn & Catarina Saraiva, Bloomberg, July 28th., 2017

"Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada.

Gross domestic product in the western province will rise by 2.9 percent this year, according to a Bloomberg survey of economists, up from an April estimate of 2.5 percent. That matches forecasts for neighboring British Columbia, and in 2018 Alberta comes out on top with a 2.4 percent expansion that would be tops among Canada’s 10 provinces." JUMP
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Albertans see wage increase; economist considers it encouraging sign

By Scott Johnston, Global News, July 27th., 2017

"The take-home pay of employed Albertans rose in May by 1.9 per cent. It marks what City of Edmonton chief economist John Rose considers another encouraging sign the region is now on the rebound after a recession.

Considering the numbers from Statistics Canada on the average weekly earnings, alongside improvements in employment, retail sales, wholesale activity and housing starts, Rose is cautiously optimistic." GRAB THIS ARTICLE

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Alberta economy rebounding, but deficit will remain: Conference Board of Canada

By Alyssa Julie, Global News, July 27th., 2017

"A new report suggests Alberta will have trouble getting back to a balanced budget despite an increase in oil royalties and corporate tax revenues.
The Conference Board of Canada forecast in its fiscal snapshot that Alberta’s economy would grow by more than three per cent this year and 2.3 per cent in 2018. But it said economic growth would not reach pre-recession levels." 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.

“I feel extremely lucky, extremely grateful, and a little bittersweet, too.” -Wentworth Miller

Warm Regards,

Todd and Danielle Millar

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

July 15, 2017

Volume 22, Issue 12

Dear Friends and Partners,

Rate hikes may be the story this week, but it really should be a potential $20B oil project. Few other provinces (or countries) have a chance to deal with projects of this magnitude (story below).

While the rate increase affects more Canadian and grabs more attention it is a much lesser story. Premature as it is to increase rates, it is a modest climb at best and will not affect most Canadians negatively.

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

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 or 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 growing centre.

Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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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Yedlin: Alberta's economy heightens Bank of Canada challenge
Deborah Yedlin Calgary Herald July 13, 2017

"Unlike British Columbia, which is expected to lead economic growth for a third consecutive year in 2017, this province is still struggling to get on its collective feet.

The disparity vividly illustrates the challenges faced by the Bank of Canada in managing an economy that varies in strength and prospects from coast to coast.

While many forecasts have shown Alberta finally bouncing off the economic bottom — Royal Bank has predicted growth of 2.9 per cent in 2017 and 3.4 per cent next year — it’s not exactly cause for celebration, given how deep a hole the province is digging out from." READ MORE

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Fort McMurray welcomes $20B oilsands mine proposal, but not its plan to fly in workers
By David Thurton, CBC News Posted: Jun 28, 2017 5:00 AM MT

"A company's plan to construct a new $20.6-billion oilsands mine is being seen as a potential boost for Fort McMurray's ailing economy.

But even before the project gets the regulatory green light, there's concern the mine wouldn't rely on local labour."We certainly are in an economic circumstance that provides great concern," Mayor Melissa Blake " JUMP

=========================

Ending the Alberta transfer gravy train would add new dimension to pipeline wars
Claudia Cattaneo: Westerners are sick and tired of transferring vast wealth to the rest of Canada, while having to fight to preserve the industry that fills Ottawa’s coffers
Claudia Cattaneo, Financial Post July 14, 2017

"The debate over pipelines has surfaced some ugly Alberta bashing in recent years, but a new counterpoint is getting increasing traction in the province — no pipelines, no Alberta gravy train to fund federal programs in the rest of the country.

Alberta opposition politicians like Brian Jean are all over this, and if members of his Wildrose Party and of the Progressive Conservatives vote to support a union July 22 to create the United Conservative Party, increasing their chances of unseating the NDP in the next provincial election, expect an escalation of demands to end what is seen as an unfair transfer of wealth from Alberta to the rest of the federation, particularly Quebec, without receiving corresponding benefits along with plenty of blame for oil and gas related environmental impacts.

Jean is seeking a meeting to discuss “equalization fairness” with Prime Minister Justin Trudeau during a visit to Calgary Saturday for the Stampede. He said in a statement the program has been “ripping off Albertans for years” and needs to be redone." READ MORE

=========================
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.

“All some folks want is their fair share and yours.” - Arnold H. Glasow

Warm Regards,

Todd and Danielle Millar

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

July 1, 2017

Volume 22, Issue 11

Dear Friends and Partners,

Happy 150th Canada Day!

Such a young country. So much promise. A great, safe place to live.

Here’s a short article to ponder about Western Canada’s Real Estate Market - great for those BBQ conversations HERE

Enjoy your long weekend and celebrate Canada.

Central NW Edmonton: North Glenora, Conversion to 4 Unit - Cash flow

Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. The intention is to turn this semi-suited, duplex, bungalow into 4 separate suites.

Zoned RF 4 and on the proposed LRT route, this is a great rental and long-term money maker. 8 minute drive to downtown 12 minutes to Royal Alex Hospital.

This property will undergo many upgrades including mechanical, addition of suite and full interior upgrading. After renos will offer 2 X 3 & 2 X 2 bedroom units. Separate laundry in suite.

1954 built, double detached garage, zoned RF4 and wide front yard. Terrific access to local amenities in sought after North Glenora. Purchase price to include major renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

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 or 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 growing centre.

Purchase price: $645,000
Total Investment: $147,900 plus $100,000 Purchase Plus Improvement
Your Estimated 5 Year Profit $98,743 or 67%

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!

=========================

Innovators toil to revive Canada oil sands as majors exit

By Nia Williams & Ernest Scheyder, REUTERS, June 20th., 2017

In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States. READ MORE HERE

===============

Alberta’s economy shrinks for second year running, but outlook may be improving
By Staff, Canadian Press, June 29th, 2017

EDMONTON - Alberta ended its most recent fiscal year with a $10.8 billion deficit and $33.3 billion in debt, but Finance Minister Joe Ceci said Thursday the economic outlook is improving and the NDP government still plans to balance its books in six years.

The province's year-end financial statement said the Alberta economy shrank by more than seven per cent over 2015 and 2016 as the cratering in oil prices led to tens of thousands of layoffs and sharply cut government revenues. GRAB THIS ARTICLE

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Hicks on Biz: Alberta heading to a Red October?

By Graham Hicks, Edmonton Sun, June 22nd., 2017

An Edmonton businessman, who has succeeded within Northern Alberta’s roller-coaster economy for some 15 years, sat across from me and shook his head.

“October,” he said. “It’ll catch up to us by October.

“Red October – the streets of Edmonton will run red with financial bleeding.”

Revenues in most Edmonton-based business are either flat, or have mildly dropped year-over-year. Funny how that happens when a 50 per cent drop in oil and gas prices works through an economy. 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.

“If a battle can't be won, don't fight it.” - Sun Tzu

Warm Regards,

Todd and Danielle Millar

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 17, 2017

Volume 22, Issue 10

Dear Friends and Partners,

Happy Father's Day Weekend!

South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital.
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Ottewell is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.

Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 legal 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!

=========================

Ontario vs. Alberta smackdown: Which will lead Canadian growth this year?

By Erica Alini May 17, 2017 Global News
"Canada’s economy is steaming ahead, but will Ontario or Alberta take the lead?

Economists disagree on which province will post the fastest growth this year. According to the Conference Board of Canada, which published its spring economic forecast today, the crown belongs to Alberta. That province is projected to post a 3.3 per cent increase in real GDP. " HERE

=========================

Oil majors embracing push to green energy: Wood Mackenzie
By Geoffery Morgan June 12, 2017 Financial Post

"We are able to make investments in this business where the investment proposition is right in the middle of the fairway where the risks and rewards are very similar to our core pipeline and utility businesses,” Calgary-based Enbridge Inc. executive vice-president and chief development officer Vern Yu HERE

=========================

After oilsands divestments, Shell Canada refocuses on gas, chemicals and renewables
By Geoffery Morgan June 6, 2017 Financial Post

"CALGARY – Shell Canada Ltd. will soon announce a project to turn vegetable products into diesel fuel in Alberta, as part of the company’s transition to produce less oil and more energy from natural gas, renewables and chemicals.

This follows Shell’s massive US$7.25-billion divestment of its oilsands assets, announced March 9. The company still plans to build an LNG terminal in British Colombia, but no timeline has been set."
HERE

=========================
Natural gas production boom has pipeline demand exceeding supply
By Geoffery Morgan June 14, 2017 Financial Post

"TransCanada Corp. announced Wednesday that natural gas producers had bid for more space on a new $2-billion expansion of its Nova pipeline system than was available.

“We had more people in the queue than ultimately signed contracts,” TransCanada president, Canada and Mexico natural gas and energy Karl Johannson said.

Johannson said natural gas production from the prolific Montney, Duvernay and Deep Basin formations is surging and gas reserves in those formations has grown to the point that, “I think people have stopped counting.”

The expansion project will allow gas producers in northwestern Alberta and northeastern B.C. to move an additional 2.6 billion cubic feet of gas per day out of the field and into pricing hubs. It will also allow producers to send 400 million cf/d to markets in California, Nevada and the Pacific Northwest. gas production boom has pipeline demand exceeding supply" 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.

“Brevity and consciousness are parents of correction.” -Hosea Ballou

Warm Regards,

Todd and Danielle Millar

Vancouver, Sky-Train, Canada, Commuter, Transit

It is easy to see why property owners, Investors, developers are cautiously optimistic about the Canadian real estate market right now. While some parts of the country face certain unique challenges, the Vancouver and Toronto markets continue to experience an increased demand brought by lack of supply.

Although this has raised prices, and led to affordability concerns, the underlying message is that markets in each region present valuable opportunities for smart investors and developers. That is provided they embrace technology and correctly predict the needs of future buyers.

An economic viewpoint

Canada’s economic performance seems to have bounced back from a weak stint since 2015. The country’s economy continues to readjust itself in the wake of declining oil and other commodity prices. According to Conference Board of Canada’s Metropolitan Outlook 1 Spring 2016, the country’s GDP is expected to increase by 2.3% in 2017 and stay above 2% till 2021.

As Richard Morrison of Turbo Tap says, “While there are regional differences in the outlook for various types of property, developers, property-owners and investors are optimistic about the coming months.”

The following are some top places to buy:

Edmonton

Most people who’ve only read or heard about Edmonton think the city’s main attraction is the big West Ed Mall, but those who’d been or lived there will tell you there’s so much more from the “the blue collar city.”

Much of the wealth of Edmonton --- considered Alberta’s cultural, administrative and educational hub (the city is home to the University of Alberta (UofA)) --- owes to the trades people who work in the oil sands.

Edmonton is famously nicknamed “Canada’s Festival City,” largely because of its vast number of carnivals and thriving art scene with 82nd Avenue (around Whyte Avenue) the main hub.

People who’ve made a home or work in the city know that access to Anthony Henday Drive is the key to a good quality life, as the ring road links easily to all corners of this fast emerging Albertan city.

A lot has however changed in the last 15 years, since construction on this road first started as neighbouring communities to the Henday Drive, such as Montrose and Newton, continue to see rapid growths and expansions. Developers are refocusing attention to these city corridors but buyers could still get an older bungalow for about $275,000.

Guelph (Ontario)

Guelph has established itself on top of the list as the city with the most attractive opportunities for real estate investors in Canada according to Moneysense’s 2017 “Buy Now” ranking. This means it has knocked Thunder Bay from its 2-year stay on that pedestal (now down to 4th position).

Over the past few weeks, government experts, economists and bank CEOs have expressed some concern about the ongoings in the property sector. In a recent report, it was revealed that the price of homes in Toronto had risen by 33%. The city’s housing market shows no signs of cooling as the price of a standard detached home in the city soared from C$1.6 Million to C$2 Million.

No market is totally devoid of issues, but some are in a better position to buffer a market downturn. One such place is Guelph.

At the moment, homes in Guelph cost C$441,000, which is about 4 times the average household income. In comparison to markets like Saint John, Moncton or Thunder Bay, this city in Southwest Ontario is not exactly cheap, but when compared to Toronto, it can be regarded as affordable.

Toronto, Skyline, Cn Tower, Canada, Ontario

Toronto, Skyline, Cn Tower, Canada, Ontario

Durham (Ontario)

In spite of the predicted drop in some sales activity, Ontario’s housing markets won’t see price declines anytime soon. This is especially true for properties in the Greater Toronto Area and in the larger Ontario region called the Golden Horseshoe. This is mainly as a result of a persistent lack of supply of housing stock, especially for low-density, single-household detached homes.

The lack of supply indicates that sellers are sitting comfortably in a heated seller’s market. Figures are measured by the months of inventory ratio. The common rule is that an inventory ratio under four months (120 days) is strong seller terrain.

The lack of inventory has affected the price of housing in the last 12 months. As a result, property owners or investors looking to sell a home in Durham and surrounding areas can expect strong demand. The average price of a home in Durham is C$527, 285, which is nearly 5 times the average household income. The 5-year annual ROI average is 10.9%.

Burnaby and Burquitlam (Vancouver)

According to MLA Advisory, a property intelligence group, an estimated 4,500 new presale condominium units will be launched in Metro Vancouver between April and June. Almost half of the new condos will be located in Burnaby and Burquitlam. According to MLA, these areas will be the busiest for concrete condo sales in Western Canada, 2017.

If you are in the market for presale condos, these areas should pique your interest. Downtown Vancouver also shows promise as a top buy location this quarter with the forthcoming 1,000 luxury units to be unveiled later this year.

Real estate properties are also selling out fast in this area. For example, Wexley and Belmont at Heritage are said to be quick approaching sell out. It is estimated that more than 35 new high-rise buildings will be launched this year in Metro Vancouver, as well as 10,700 new concrete units.

Economic growth

According to PWC, Vancouver is expected to top all cities in Canada with a GDP growth of 3.3%, driven by strong gains in employment and housing statistics. It isn’t known yet how British Columbia government’s increased property tax for foreign investors will impact the Vancouver market in the long term.

Millennials are also driving up the city’s rental market. They are looking for new, better-quality units near good facilities and close to public transit.

Following closely behind Vancouver in terms of top growth is Saskatoon, with a forecasted 3% GDP.

By James Cummings

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., 2017

Volume 22, Issue 09

Dear Friends and Partners,

Summer is upon us - we’re already into June and it has been a tumultuous year around the globe. As you well know, I like to take a mid-year check up this month. I evaluate my life, business, health and pleasure goals and suggest you do the same.
In addition to 90 day goals a summer check up will help you make crucial course corrections so that you can end the year closer to where you wanted when you set your yearly plan into action. If you are already knocking it out of the park - tweak into the direction where you want to grow or enjoy more. This strategy is simple and it works!

Speaking of goals - here is someone who met or beat his initial BIG goal; sure he has more to come too.

South East Central Edmonton: Ottewell, Legal 2-Unit Cashflow

Turbo charge your portfolio. Perfect smaller addition or first property. Low risk investment in a great A+ area with 2 legal units under one roof. This legal suited bungalow is across from park and near school. 7 minute drive to downtown 8 minute to U.O.A. 9 minutes to Hospital.
This property has many recent upgrades including boiler and windows. Offering 1 X 3 & 1 X 2 bedroom units. Separate laundry in basement. 1962 built, double detached garage, zoned RF3 and wide front yard.

Terrific access to local amenities in sought after Ottewell. Purchase price to include renovation budget to upgrade interior and exterior to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Ottewell is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.

Purchase price: $380,000
Total Investment: $92,800
Your Estimated 5 Year Profit $54,232
Your pre-tax Total ROI is 58%

These 2 legal 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!

=========================

Alberta’s two largest cities on the way to economic recovery

By Michael Franklin, CTV News, May 25th., 2017

According to a new report, the economies of Calgary and Edmonton will be turning upwards, buoyed by rising oil prices through the year.

The information, published by the Conference Board of Canada, says that while energy investment will remain low, oil production will increase, meaning the worst is over for the industry.

The price of oil is expected to reach $60 US per barrel by the end of the year. READ MORE HERE
=============

Varcoe: OPEC deal sets stage for continued Alberta recovery

By Chris Varcoe, Calgary Herald, May 24th, 2017

A pivotal moment for the province is unfolding Thursday some 8,000 kilometres away in Vienna, one that could ultimately smooth the runway for a continued economic liftoff in 2017 — or kick the skids out of the nascent rebound.

Members of the Organization of Petroleum Exporting Countries (OPEC) are gathering at the organization’s headquarters in Austria to extend production cuts that helped revive oil markets late last year. An agreement to throttle back production for another nine months was struck, following some encouraging comments made by oil ministers from Saudi Arabia, Iraq and Iran. GRAB THIS ARTICLE

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Alberta land sales surge as producers rush into new shale pocket

By Nias Williams, Reuters, May 25th, 2017

CALGARY, ALBERTA -- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic.

Resurgent land prices are a rare bright spot for Canada's energy industry, dominated by northern Alberta's oil sands projects, a sector that global companies have withdrawn from this year because of high costs and slow returns on capital.

The Duvernay East Shale Basin is more similar to shale plays in the United States, where hydraulic fracking can unlock oil trapped between rocks in a matter of months. 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.

“Education’s purpose is to replace an empty mind with an open one.” -Malcolm Forbes

Warm Regards,

Todd and Danielle Millar

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

May 2, 2017

Volume 22, Issue 09

Dear Friends and Partners,

Hope you enjoyed your beautiful, sunny long weekend! We spent time walking the ravine with the newest addition to our family, Greta the rottweiler.

After fostering a few dogs over the last few months we found our new family member at WHARF. Rescues are always looking for foster homes. It's the best way to experience having a dog, all expenses paid and for a short stay only. If you have a "foster fail" as we did, you still win by getting a new addition to your family.

Local Edmonton Pet Rescues
1) http://www.edmontonanimalrescue.org/
2) http://scarscare.org/
3) http://www.cawsab.org/
4) http://www.zoesanimalrescue.org/
5) http://humaneanimalrescueteam.ca/
6) http://aarcs.ca/
7) http://www.animalrescuetransfersociety.com/adoptions
=========================

South Central Edmonton: Ottewell, 4-Unit Cashflow

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.

Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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!

=========================

Alberta's economy looking up says ATB financial
By Michael Franklin, Friday May 19, 2017

"The province's economy is expected to make some advances in 2017, ATB Financial's latest report shows.

The bank released its latest quarterly outlook on Thursday and it's forecasting the economy will grow by 2.7 percent in 2017 and 2.3 in 2018.

Increased stability in the oil patch is one of the main reasons for the growth, the report indicates.

Modest growth in retail activity, housing price and the labour market will also help." Jump HERE
=========================

Lower costs drive drilling boom in "bellweather" Montney shale formation in north western Alberta, B.C
Robert Tuttle and Kevin Orland, May 19, 2017

"Drilling rigs and roughnecks are hot commodities once again across the Montney shale formation in northern British Columbia and Alberta, and companies like Grimes Well Servicing Ltd. are having a hard time keeping up with demand.

That's because the Montney, unlike many parts of Canada's oil and gas region, is seeing a surge of investment three years after the worst energy slump in decades. During the first four months of 2017, the number of wells drilled jumped 80 percent from a year earlier to 277, according to Calgary-based Grobes Media Inc.'s BOE Report. It's the most for the period since 2014, when oil prices were twice what they are now and natural gas was 50 percent higher. " Read More HERE
=========================

Foreclosures in Alberta up about 25% annually for past 2 years
By Emily Mertz

"More and more Albertans have or are in danger of losing their homes to the bank, according to numbers from the province.

Foreclosures are on the rise, up by abourt 25 percent annually over the past two years. Statistics from the province show a total. of 5,746 properties were foreclosed on between April 1, 2016 and March 31, 2017. Of those, 2,277 were in Calgary and 2,523 were in Edmonton." Jump Here
=========================

And on the other hand....Edmonton real estate up
===============

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.

“I'm not usually in a talkative mood.” - Chris Cornell

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 blog at Edmonton Real Estate Investor for all your cutting edge market news and information.

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

May 2, 2017

Volume 22, Issue 08

Dear Friends and Partners,

Attitude is everything, right? I’d say that it having a good attitude has to be one of the most important attributes in life. In the commerce of life - sometimes just showing up is enough, even if its with a mediocre attitude. But a person that is open to change and constant improvement, that is truly valuable.

What got me thinking about this is how we see, feel and hear our “communal attitude” in Edmonton (maybe throughout Alberta) shifting to the ever-slightly-optimistic. In my opinion, true change in an economy or a city can first be seen when the community’s attitude shifts slightly more to positive over negative.

We can start to see this now as the roots begin to take hold. You can argue the chicken and the egg here; economy starts to improve, people notice a difference, attitudes change.. vs. people have a collective shift from negative to positive in a down economy, start to think of ways to improve economy and signs of improvement occur.

It may be the Oilers, the Arena District or an uptick in economy, no matter how fragile, the mood is brightening. Of course humans are a fickle lot, but for now there is a sense of brightening in the city.

South Central Edmonton: Ottewell, 4-Unit Cashflow

Turbo charge your portfolio. For those wanting a low risk investment in a great A+ area with 4 renovated units under one roof - here it is.

This 4-plex is steps from ravine and school and 5 minute drive to downtown 8 mins to U.O.A. 6 minutes to Hospital.
This is property has many recent upgrades and offers 2 X 2 & 2 X 1 bedroom units. Stylishly renovated up and down with laundry in basement. 1959 built, 6 parking stalls and wide front yard.

Terrific access to local amenities in sought after Forrest Heights. Purchase price to include reserve fund and exterior renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rentable mature neighbourhood.

Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and University.

Purchase price: $635,000
Total Investment: $146,800
Your Estimated 5 Year Profit $80,991
Your pre-tax Total ROI is 55% or 11% per year

These 4 (non-conforming) 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!

=========================

Alberta oilsands producers bet on a local advantage as foreign companies flee

By Kevin Orland, Bloomberg, April 20th., 2017

Now that multinational energy producers have sold their stakes in Alberta’s oilsands, local companies are hatching plans to make some real changes.

Cenovus Energy Inc. and Canadian Natural Resources Ltd. are betting they can exploit new technologies and their deeper understanding of Canadian-specific issues, such as environmental rules and relations with native communities, to profit from one of the world’s biggest hydrocarbon reserves without their former partners.

“The oilsands require a focus on environmental issues like carbon pricing, indigenous issues, things like that, that are very specific kinds of skills that companies need to have for Alberta, for Canada,” said Harrie Vredenburg, a professor at the University of Calgary’s Haskayne School of Business. “Some of the multinationals are not necessarily particularly suited to that. In all those things, it does favour the Canadian firms.” READ MORE HERE

===============

Vancouver’s Teck bets billions on Alberta oilsands
First project due for completion this year; second one enters public comment period

By Nelson Bennet, CBC News, April 18th, 2017

The Canadian public is being asked to weigh in on a new oilsands mining project in Alberta owned by Vancouver’s Teck Resources (TSX:TECK.B).

Teck’s $20 billion Frontier oilsands mining project recently entered a joint federal-provincial review panel public comment period.

But not even Teck expects the new oilsands mine to be built before 2026. In the short term, the company is more focused on getting its $13 billion Fort Hills project finished and producing bitumen before year’s end. GRAB THIS ARTICLE

===============

Braid: How Donald Trump may save us from America

By Don Braid, Calgary Herald, April 18th, 2017

Donald Trump may yet save Alberta. The U.S. president is pushing the province in a direction it has long needed to go — away from the American market.

For Trump this week, it’s goodbye Canadian dairy subsidies.

For the Alberta government, it’s hello China.

Premier Rachel Notley and officials are there now on a 10-day trade mission that also includes Japan. Those countries are already Alberta’s second- and third-biggest trading partners, respectively, after the U.S.

Alberta premiers have long courted the key Asian markets. The opposition parties may be temped to blast Notley for the $160,000 trip, but if they were in office they’d likely be doing exactly the same thing. 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.

“Never give up, for that is just the place and time that the tide will turn.” - Harriet Beecher Stowe

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 blog at Edmonton Real Estate Investor for all your cutting edge market news and information.