Edmonton Commercial Mike Mack

Celebrating a Local Author’s Book Launch

We’ve explored some interesting topics this year relating to Edmonton’s commercial real estate market.  Our article about 4 Edmonton office towers that lost $163 million in value received a lot of attention, and to date has been our most popular article.  We’ve also researched more abstract topics, such as Blockchain technology and self-driving cars, and[…]

Walterdale Night Small

Oil Prices and Edmonton’s Commercial Real Estate Market

Edmonton’s commercial real estate market is undeniably tied to the price of oil.  We illustrated this in September when we compared the price of oil over the past few years to the stock price of Melcor, which is a publicly-traded real estate developer with heavy exposure to Alberta.  You’ll see Melcor’s stock price was rising[…]

coins-948603_1920

Get Ready for Higher Property Taxes

City of Edmonton Counselors are patting themselves on the back this week after announcing that property tax rates are only projected to rise 3.6% next year.  While it is lower than the 5% they originally suggested in April, it’s still 3 times higher than what CPI has averaged this past year. The City clearly has[…]

oil-106913_1280

Oil is Heading to $70

Yes, it’s a bold headline, and we should disclose ahead of time that we’ve been atrociously wrong on previous predictions (ie/ Trump and Amazon*).  You might be wondering what makes this prediction different.  The answer: not much.  This is purely speculative on our behalf so don’t rely on any of this for investment, financial or[…]

pexels-photo-221047

Edmonton Misses Out on Amazon Distribution Centre

A few months ago we made a prediction that Amazon would be looking to open a distribution centre in Western Canada, and outlined why we thought Edmonton would be a great choice (ie/ CN Rail mainline from both the Vancouver and Prince Rupert Ports, CP Rail planning a large intermodal yard with excellent access to[…]