Oil Update – Edmonton Commercial

It may not feel like spring quite yet, but the drilling industry is in the midst of the annual “spring break-up”.  Around this time each year, the earth thaws and the ground becomes soft, muddy and generally harder to work in.  It is a period of considerable slow down, as evidenced by recent statistics showing roughly 3/4[…]

The 10 Best Books We’ve Read Recently

Before we get back to our regular blog content on Edmonton’s commercial real estate market, we wanted to give you some reading ideas* for 2018. In no particular order, here are our favorite books we’ve read recently. How to Fail at Almost Everything and Still Win Big Scott Adams, the cartoonist famous for Dilbert, is[…]

Marijuana and Edmonton Commercial Real Estate: Part Two

Last week we wrote an article about how the forthcoming legalization of marijuana could have a big impact on Edmonton’s commercial real estate market.  A number of high profile projects are already underway, and the total footprint of marijuana growers occupying industrial real estate in Greater Edmonton will exceed one million square feet before marijuana[…]

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[…]

3 Big Deals in Edmonton Worth Almost $90 Million

With the Conference Board of Canada predicting Edmonton will have the second fastest growing economy in Canada (trailing only Calgary), big deals are indeed alive and well. First, a package of hotels just sold for an impressive $65 million: Mettera: 10454 82 Avenue, 8 stories, 98 rooms, 4,248 square feet of retail space, 26 parking stalls.[…]

A Book that Anyone Involved in Commercial Real Estate Should Read

If you’re involved in commercial real estate in any capacity, we’re recommending Re-Engineering Retail by Doug Stephens.  Even more broadly, if you’re curious about what the future of retail might look like, you’ll find some very interesting predictions in this book.  While the focus is on the future of the retail landscape, there are underlying[…]

Top 10 Blogs in Edmonton

We’re proud to blog about Edmonton commercial real estate, but we’re even more proud to be Edmontonians.  Combining our passion for blogging with our love of the City, we’re pleased to present a list of our favorite blogs in Edmonton.  Each of the blogs below have two things in common: they each post interesting content[…]

Stantec Tower is an Edmonton Success Story

1947 was the year the first major oil reserve was discovered in the Edmonton region.  The site, which became known as Leduc No. 1, was the impetus for a major population spike in the 1950’s.  As word traveled that Edmonton was becoming the “Oil Capital of Canada”, many flocked to the region with big dreams[…]

How will Electric Vehicles Impact Commercial Real Estate in Alberta?

A Stanford University economist, Tony Seba, recently made two extraordinary predictions for the next 8 years: All vehicles sold world-wide will be electric; All vehicles will be self-driving. He also believes that the long term price of oil will drop to $25 / barrel as a result of this seismic change. To be clear, Seba[…]

Edmonton Commercial and Industrial Property Tax Assessments Drop 4.9%

Notices were sent out this week with commercial and industrial property owners seeing an average decrease of 4.9% from last year.  While the decline may appear to be of benefit to property owners, it’s important to differentiate between assessment and taxation.  Each year, the City of Edmonton will budget how much it needs to pay[…]