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
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February 14th., 2015
Volume 18, Issue 3
Dear Friends and Partners,
Not all the news stories are bad. I met my friend early in the morning on Monday and he looked really tired. He said that he’d been volunteering (1 of 3 shifts) for The World's Longest Hockey Game. He’d spent from 2:AM-6:AM scorekeeping.
That meant standing on the cold balcony watching the game at the house of Dr. Brent Saik's of Saiker's Acres hockey rink who has been hosting the event. He said it's amazing to take part.
You can see more here and donate here. Keep the good news coming.
Turbo charge your portfolio. This 1977 built Side X Side Duplex with fully finished basement suites is located a few blocks from the old municipal airport, which is to be redeveloped into an urban living/green space. Inglewood offers easy access to Downtown, Grant MacEwan and Yellowhead Highway as well as many parks and schools to enjoy in this desirable, mature neighbourhood.
This property has front entrances to each side of the 2 X 3BD halves. This property was built as a duplex and features 2 x 1BD (non-conforming) basement suites. Slated to renovate and modernize to improve value and rent-ability. This will become a turn-key deal. The property has a double car garage and driveway. Excellent access to downtown, transit and parks.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a great mature area that is a desirable for tenants working in the city or attending Grant MacEwan. HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
Purchase price: $679,000
Total Investment: $158,900
Your Estimated 5 Year Profit $96,725
Your Estimated 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!
Short-term slowdown predicted
By Myke Thomas , Calgary Sun, January 17th, 2015
The sudden and precipitous drop in the price of oil has put a huge question mark over the Calgary housing market in 2015 and Calgarians are looking for answers.
The economists have answered with their thoughts below.
Canada Mortgage and Housing Corporation
CMHC predicted a housing market slowdown in the fall, before oil prices plunged, with expectations for total housing starts to decline 16% and net migration to slow by 17%, with an increase of 2% in MLS sales this year over last. FOLLOW THIS ARTICLE
Analysis: Job figures show oil price drop hasn’t sunk employment
Employers watch numbers for impact of declining spending on oil exploration
By Don Pitis, CBC News, February 6th, 2015
Oil companies across Canada have been slashing their budgets. In previous months, those cuts have not showed up in Canadian unemployment numbers, but today's job numbers offer a new window on the state of the U.S. and Canadian economies.
The numbers were a surprise to the upside, with Canada's economy adding 35,000 jobs during the month — much better than the 5,000 jobs that economists had been expecting.
Jobless figures give unemployed people an update on their prospects for finding work, but labour force statistics do a lot more than that. GRAB THIS STORY
Keep building during downturn Consulting Engineers of Alberta urge
By David Howell , Edmonton Journal, February 5th, 2015
Alberta’s economic woes have prompted the Consulting Engineers of Alberta to ask members to hold their 2015 rates for consulting services at 2014 levels, as part of a wider effort to encourage continued spending on infrastructure.
In December, the association recommended a 3.3-per-cent increase to 2015 contracts. But after a vigorous debate this week, board members voted unanimously to ask all firms to hold the line, CEA president Matt Brassard said Thursday. READ 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.
“If you’re going through hell, keep going!" - Winston Churchill
Todd and Danielle Millar