A Massive Pipeline Project That Could Be a True Game Changer

Calvin Helin is a name you will want to remember. Helin is the son of a hereditary chief and the brother of the mayor of the Lax Kw’alaams Band in northern BC.  A lawyer by profession, Helin also has over 750,000 followers on Twitter. And at a time when the Trans Mountain Pipeline is being[…]

Businesses in Edmonton Are Asking For A Break in Property Taxes

Joe Rustom, chef and owner of Parkallen Restaurant, said the current business climate in Edmonton is making it difficult for small companies.  A second generation owner, Joe’s parents started the business in 1982.  Over the past decade in particular, taxes have risen considerably, with Joe now estimating his property taxes and utilities cost between $3,500 –[…]

An Eyebrow Raising Graph on City of Edmonton Spending

We’ve been sounding the alarm bell on property taxes for awhile now, so we were very glad to see a number of business associations formalize an advocacy group to encourage City Hall to put a freeze on municipal spending. The group, known as Prosperity Edmonton, has gathered data from different levels of government to show[…]

The Path to Edmonton’s Economic Recovery Is Not a Straight Line

We’re going to bury the lead a bit here.  Before we get to our blog post for the week, we want to highlight that we are eternal optimists and are proud to live and work in Edmonton.  We’re happy to say we’re from Alberta and we sing the Canadian anthem as loud as we can,[…]

Canada’s 100th Costco Opens at the Edmonton International Airport

Costco has opened its 7th location in the Edmonton region, and at 154,000 square feet it will also be the largest.  While Costco members are undoubtedly happy to have another location to shop at, what we find particularly noteworthy about this new location is the vote of confidence for the Leduc / Nisku region. For[…]

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[…]

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[…]