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
April 1st., 2017
Volume 22, Issue 06
Dear Friends and Partners,
If you’ve followed the Alberta news the last couple of days you’re probably aware of the bickering between Saskatchewan’s Premier Brad Wall and Alberta’s Premier Rachel Notley (article below). As much as it frustrates me to think about companies (energy or other) leaving Alberta, Wall has the right idea to tempt them. It would be wise for Alberta’s government to assure (and ensure) to local businesses that the grass is, can and will be greener if they stay in Alberta. I can’t blame Premier Wall for trying to entice business his way, but I sure wish he didn’t.
On a different note… You can see affordability greatly improving down in Calgary. It has remained good in Edmonton for several years. This will increase activity down there as new jobs (hopefully) develop. Ahh.. spring; full of promises.
South Central Edmonton: Forest Heights, 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 4 X 2 bedroom units. Stylishly renovated up and down with coin laundry in basement. 1963 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 light 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: $692,000
Total Investment: $156,400
Your Estimated 5 Year Profit $90,462
Your pre-tax Total ROI is 58% or 12% 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!
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ATB: Big upswing in optimism shown by Alberta business owners
By Troy Gillard, ATB Business Index, March 21st., 2017
EDMONTON - Oil prices at the start of the year have owners and operators of small and mid-sized enterprises (SMEs) in our province feeling more optimistic about the economy and their business' future, says Alberta’s Crown-owned financial institution.
The ATB Business Index, which measures Alberta business owners' confidence in their own operations, measured 66.1 for the first quarter of 2017. That's the highest ATB Business Index score since the fourth quarter of 2014, when energy prices started to decline. It's also a jump of 17.6 points compared to the previous quarter, the largest quarterly increase in the ATB Business Index since its inception in 2013. A score above 50 suggests more businesses are optimistic than pessimistic. READ MORE HERE
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Brad Wall heats up spat with Rachel Notley by inviting Calgary companies to move to Saskatchewan
By Claudia Cattaneo, Financial Post, March 29th, 2017
CALGARY – Saskatchewan’s conservative premier, Brad Wall, has upped the stakes in his ongoing spat with Alberta’s NDP premier, Rachel Notley, by offering incentives to Calgary-based energy companies to relocate their headquarters to his province.
It’s a bold move at a time Calgary’s attractiveness as a head office magnet is taking a beating, and one that companies are taking seriously, said Grant Fagerheim, president and CEO of Whitecap Resources Inc. With nearly 45 per cent of its business in Saskatchewan, Whitecap is one of the targeted companies. GRAB THIS ARTICLE
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Looking for an affordable home? You may want to buy in Calgary
By Erica Alini, Global News, March 30th, 2017
The Calgary housing market is “likely to get more attention,” predicts an RBC report on housing affordability released Thursday.
That Calgary homes have become relatively cheap hasn’t really made headlines over the past year — and unsurprisingly so. After all, low prices or not, few Canadians would want to buy a house in a recession-stricken economy.
But Alberta’s economy is showing signs of recovery, noted RBC. And the fact that homes in Calgary haven’t been this affordable since the mid-1980s may soon start to turn heads, suggest economists Craig Wright and Robert Hogue. 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.
“The best preparation for tomorrow is doing your best today.” -H. Jackson Brown, Jr.
Warm Regards,
Todd and Danielle Millar
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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.
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