Why the Feds Buying Trans Mountain Helps Edmonton’s Commercial Real Estate Market

This week, the Canadian government agreed to purchase Kinder Morgan’s Trans Mountain pipeline to ensure the expansion goes ahead.  While there is a lot of criticism from environmental and indigenous groups and conservative politicians and pundits, we believe this is a big win for our economy. As we have written about previously, Edmonton’s commercial real estate[…]

Construction Project Update: Whitemud & 75th Street

The Valley Line LRT is part of the City of Edmonton’s “commitment to grow green and create a compact, more integrated urban environment where people have an opportunity and choose to use alternative transportation modes.” Originally, Edmonton’s LRT system consisted of only the Capital Line, which ran from the northeast through downtown to the university[…]

Edmonton vs Calgary: Commercial Real Estate Market Update

Edmonton and Calgary have a healthy rivalry, but it’s important to note how similar the two economies are.  As we have written about extensively, Edmonton’s economy is positively correlated to the price of oil, so it should be of little surprise to see how similar Calgary’s market has responded to the collapse of oil prices[…]

Oil Prices have Increased 70% in the Past Year

Hillary Clinton is not President of the US, and Amazon did not choose Edmonton for it’s first western Canadian fulfillment centre.  While we struck out on those two guesses, we also predicted back in November that oil would hit $70 / barrel sometime this year (which it did this week, marking a 70% increase since 2017).   While we were wrong[…]

Edmonton Commercial Property Taxes are Rising 4x Faster than Inflation

The City of Edmonton just released the tax rates for 2018, and it ain’t pretty. Before we get into the meat of the article, we’ll first provide a brief overview of how the tax rate is determined: The City prepares a budget to estimate how much it will cost to provide municipal services; Somewhat simultaneously,[…]