History of St Albert Trail – Connecting Edmonton and St. Albert

Originally a primary trail between Fort Edmonton and “God’s Lake” (Lac Ste. Anne), the road we now know as St. Albert Trail has its roots in 1860 as a shipping route for whitefish, though it wasn’t established as St. Albert Trail until 1889. When the railways on Edmonton’s south side arrived in 1891, Edmonton stopped[…]

Multi-Million Dollar Sales Piling up in Edmonton

2018 is shaping up to see some huge deals in Edmonton’s commercial real estate market. As we reported a few weeks ago, there have already been some noteworthy sales, with the sale of Edmonton Tower for $400 million leading the way. There are clearly a healthy number of buyers in the market as a number of other[…]

Alberta Population to Hit 6.4 Million by 2046

The Government of Alberta has released a 29 (!) year projection on where they expect the provincial population to be in 2046. That could be an interesting time in the history of mankind, as futurist Ray Kurzweil predicts we’ll have singularity (the point at which technology becomes smarter than humans) in 2045. Notwithstanding the follies[…]

2018 Has Seen an Increase in Commercial Sales Activity

As oil prices have increased over the past year, so has commercial real estate activity in Edmonton. 2018 Mid-year 2017 Mid-year 2016 Mid-year Land $228,859,462 $132,533,862 $189,846,527 Buildings $1,082,145,037 $1,077,442,119 $675,904,126 Total $1,311,044,499 $1,209,975,981 $865,750,653 It’s not just the average sale price that has increased either, as the number of total sales has increased from[…]

Edmonton Office Tower Sells for $400 Million

Less than 3 years after it was built, Edmonton Tower has been sold for $400 million.  We mentioned earlier this year that Edmonton Tower, along with Stantec Tower, were both rumored to be for sale, and at the time we expected buyers to quickly come forward.   Enter the Alberta Investment Management Corporation (AIMCo), a large[…]

Construction Project Update: NAIT’s Productivity and Innovation Centre

With a growing population over one million, Edmonton is the province’s post-secondary destination, teaching nearly 200,000 students each year. Between the University of Alberta, MacEwan University, Concordia University of Edmonton, King’s College, and Norquest, Edmonton is a leader in academics. But one of the city’s shining stars is NAIT. A polytechnic school that offers both[…]

242 Applications to Open Retail Pot Locations in Edmonton

The City of Edmonton just released information pertaining to the applications they’ve received for cannabis retail locations.  What caught our attention was the fact that 242 applications were received in Edmonton alone, yet AGLC is estimating they will only issue 250 licenses province-wide. Since AGLC has not disclosed how many will be in Edmonton, we[…]

Should Edmonton Property Taxes Continuously Rise to Fund Population Growth?

We’re proud Edmontonians. That was the takeaway Chad wanted to highlight on the Ryan Jespersen Show this week.  On behalf of Prosperity Edmonton, Chad was discussing the need for  the City of Edmonton to hold the line on taxes this year.  Although the rampant increase in City spending put a negative tone on the interview,[…]

New Group Aims to Reduce the Heavy Burden of Edmonton Property Taxes

We’ve written extensively about non-residential property taxes in Edmonton.  Whether it is comparing the tax rate to surrounding municipalities, or showing how egregious the increases have been compared to inflation, this is a problem that has attracted the attention of numerous businesses and industry groups.  Just recently, a group of for-profit and non-profit members has gathered to[…]

$1 Million / Acre Land in Edmonton

$1 million / acre land used to seem far-fetched.  Somewhere along the line, high profile land in dense areas reached that milestone, followed not too long after by land simply on a main road. Now we are even seeing land all over Greater Edmonton selling for over $1 million / acre.  To illustrate, we did[…]