Family Day Weekend Flu

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

February 16th., 2017
Volume 22, Issue 3

Dear Friends and Partners,

It's seems the flu bug has stopped at our home for a visit. The bright side is that it's perfect timing on a long weekend with no plans and nothing but time to get better.

Take care and enjoy Family Day Weekend!

Central (Downtown) Edmonton: West Jasper Place, 6-Unit Cashflow Apartment

Turbo charge your portfolio. For those wanting a low risk investment in a gentrifying area with 6 units under one roof - here it is. This 6-plex offers is 5 minutes to Grant MacEwan, 6 minutes to Hospital, 10 to downtown.

This is property has many 3 of the 6 units recently upgraded. 4 X 1BD, 1 X 2 bedroom and 1 X BACH, all units are above grade (no basement suites). 1974 built, 6 parking stalls and great curb appeal.

Terrific access to local amenities in highly rent-able West Jasper Place. Property is zoned R7 and is a legal, purpose built apartment. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the transitioning neighbourhood of WJP.

Comes complete with great tenants making this a totally turn-key property for you. WJP 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: $680,000
Total Investment: $161,200
Your Estimated Pre-Tax 5 Year Profit $102,145
Total ROI is 63% or 12.6% per year

These 6 (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!





===============
Which Canadian cities will boom (or not) in 2017

By Daniel Tencer, Huffington Post Canada, January 16th., 2017

Toronto and Vancouver are once again set to come out on top of all major Canadian cities when it comes to economic growth, says an economic forecast by the Conference Board of Canada.

The two cities have seen the strongest economic growth in Canada over the past year. At one point, they accounted for all the net job growth in the country.

The Conference Board expects these cities to repeat their top performance next year, though their economies will grow more slowly due to an expected slowdown in the housing market, brought on by new mortgage rules and declining affordability.  FOLLOW THIS ARTICLE


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


Varcoe: Alberta’s report card reveals scars economic upheaval, signs of recovery


By Chris Varcoe, Calgary Herald, February 9th, 2017

Report card day arrived late last week as the provincial Finance Department unveiled its “Year in Review” study on Alberta’s sputtering economy in 2016.

It reads like a teacher’s commentary about a student having trouble concentrating in class, with lousy marks awarded in many areas interspersed with a few middling grades.

“Considering that we’ve been a straight-A student for so long, I would call 2016 a C-minus,” says ATB Financial chief economist Todd Hirsch.

“It was a pretty rough year, but not a disaster … so I’d say a C-minus, maybe bordering on a D.”

That’s fair, given the upheaval of 2016. GRAB THIS STORY
===============


Oil firms resume rail shipment as crude oil pipelines fill up again

By Jesse Snyder, Financial Post, February 13th, 2017

CALGARY — A looming pipeline shortage could force more barrels of Canadian oil onto rail cars over the next few years, as oilsands companies look for alternative shipping options amid a gradual rise in production.

The oil industry’s pipeline woes have eased in recent months after Prime Minister Justin Trudeau approved two major pipeline proposals, and after U.S. President Donald Trump invited TransCanada Corp. to resubmit the  Keystone XL pipeline permit. 

However, the earliest date of completion for any new pipeline project is around the end of 2019 — if there are no delays. With oilsands production expected to rise over the next five years, and with Canada’s pipeline system near capacity, oil firms are tapping crude-by rail once again. 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.

“We must let go of the life we planned, so as to accept the one that is waiting for us.”  -Joseph Campbell

Warm Regards,


Todd and Danielle Millar