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Our Prediction is Close to Reality

A few months ago, when oil was hovering in the low $50’s, we made a prediction that oil would rise to $70 sometime in 2018.  Some people scoffed.  Others laughed.  Our own friends started sending our calls straight to voicemail.  We even lost 15 followers on Instagram.  Okay, maybe we have a flair for the[…]

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108 Reasons to be Frustrated with the City of Edmonton

What follows is a sad, but true, story regarding the City of Edmonton. As part of our due diligence for one of our listings, we called the City this week looking for information, specifically if they have any records of permits on the property. The City clerk asks for the municipal address to the property[…]

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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[…]

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Our Top 5 Blog Posts from 2017

While it takes time and effort to put out a blog post each week, the hardest part is pushing forward after a string of articles have low readership.  Of the 52 blog posts we wrote last year, many had an underwhelming amount of unique views (using blogger parlance).  We’re comfortable admitting to this, since statistically[…]

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Top Instagram Accounts in Edmonton

This week Chad had an article published on Forbes about the top 10 commercial real estate accounts to follow on Instagram.  It wasn’t an article about which accounts were the most popular (for example, we found one commercial broker who had over 10,000 followers but her pictures were either of her hair, her nails, or[…]

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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[…]

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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[…]

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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[…]

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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[…]

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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[…]