Alberta Oil Sands Investment Real Estate News®
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April 15th., 2012
Volume 12, Issue 4
Dear Friends and Partners,
Spring has sprung and along with it we are seeing property listings sprout up like green shoots everywhere. Many would-be-sellers waited the winter out and list with a vengeance come March and April.
In the North-side we've found a decent selection of affordable and often nicely updated homes - great for the first time home buyer. Many 'suited' properties that come up are non-conforming (not legally suited) and need several upgrades to operate safely. To register your suite and operate legally requires further upgrades (often fireproofing ceilings, hard-wiring smoke detectors, widening windows in bedrooms and separating furnaces with barrier walls) and successful approval by the city. Conforming or legal suites garner a higher dollar, are fewer in the marketplace and aren't always priced to make cash flow. Although with the Cornerstones program rumoured to make a come back making a suite legal can be affordably done.
Edmonton investors have a hungry appetite for smaller multifamily properties and when I come across one that meets all of our buying criteria, it is truly a jewel. Despite the increasing activity, market prices remain low for town houses, condos and single family residences.
Spring is here, there are many job offerings posted about and combined with the Alberta leadership race in full swing the tension is positively high in the city.
South West Edmonton: Cashflowing Two-Suiter in Queen Alexandra
Turbo charge your portfolio. Upgraded 1960 built legal 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1200 sqft upper 3 bedroom unit with beautiful oak floors, plus a spacious 3 bedroom 1000 sqft. suite down. The upper suite has new dishwasher, ceramic bathroom and fresh paint. There is a common laundry room in basement too. The lower unit has new laminate, carpet, some newer windows. The home has 2 furnaces and 2 electric meters. There is a shared fenced yard and a 2 car detached garage with automatic door and opener, bringing in additional revenue. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality home.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Established neighborhood featuring strong rental base; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's improving downtown area.
Produces $261.61 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $335K Total Investment: $79,467K. Your Estimated 5 Year Profit $41,158K. Your pre-tax Total ROI is 52% or 10.4% per year + $261.61 Cash Flow
Poised for massive growth. These 2 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!
Lamphier: Resource Sector's Bright Ideas Power Canada's Economy
By Gary Lamphier, Edmonton Journal, April 3rd, 2012
EDMONTON - High-tech is hip. Energy, mining, farming, forestry and fishing? Not so much.
High-tech has cool corporate stars like um, Research In Motion, Smart Technologies and Ballard Power.
The resource sector? It has creaky ‘old economy’ dinosaurs like Suncor, Barrick and Potash Corp. that just make bags of money, year in and year out.
High-tech boasts trendy young gazillionaires like Facebook’s Mark Zuckerberg and Google’s Larry Page. Resource firms are run by a bunch of stuffy old guys in boring grey suits.
Innovation? Clearly, that only happens in the world of high-tech, which is obsessed with discovering The Next Big Thing, and seems to espouse far higher ideals than mere money grubbing.
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Alberta Economic Snapshot For March 31st, 2012
By Troy Media, March 31st, 2012
CALGARY, AB, Mar. 31, 2012, Troy Media – The average wage earned by employees in Alberta is quite uneven across sectors, accounting for variations in education and training, as well as the demand within the specific industry for skilled workers.
But the rate at which earnings are increasing also shows some big differences across the sectors – and often the biggest jumps are for those already earning the most.
Workers in the oil and gas sector not only have the highest weekly earnings, but these workers have seen one of the biggest jumps over the past five years. In January 2007, they earned on average $1,459 per week; but in January 2012, they raked in $2,061 per week – an increase of 41.3 per cent.
READ MORE HERE
Manufacturing Data Spurs Market Gains
By Kim Covert, Post Media News. April 3rd, 2012
Resources and energy led the gains on Canada's benchmark stock index on Monday after better-than-expected manufacturing data from China and the U.S. supported confidence in a strengthening global economy.
The S&P/TSX composite index gained 114.88 points, or 0.93%, at 12,507.06. Nine of the 10 sub-indexes advanced, led by materials, up 1.55%, health, which rose 1.41%, and energy, which gained 1.11%.
"The numbers that came out (Monday) are surprisingly better than most people were thinking," Gerry Brockelsby, a money manager at Marquest Asset Management Inc. in Toronto, told Bloomberg. "This is just confirmation that China is OK, and if concerns fade, people will get more and more positive about the global economy, which we think is in great shape and improving."
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Alberta Oil Sands Investment Real Estate News®