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[…]

Tension is Growing in the Sandbox

One marvel of human progress is how interconnected global trade has become.  The amount of free trade agreements in Canada provides a staggering glimpse into all the different agreements that exist worldwide.   The prevailing wisdom suggests global trade is a giant sandbox, with everyone having a collective goal of making the sandbox bigger and more efficient. […]

The 10 Most Expensive Sales in 2017

Edmonton’s commercial real estate market was busy last year with the top 10 sales alone amounting to over $700 million.  Similar to the past two years, multi-family properties have represented a large portion of the top 10 most expensive transactions, with office, retail and land sales rounding out the rest of the list. Property Class Address  Sale Price  Sale[…]

Don’t Forget Your Tools – A Short Story on Crime in Edmonton’s Industrial Parks

Crime and No Punishment A Story With a Bad Title and a Sad Ending Last month, a construction worker parked his truck in a fenced yard compound behind his company’s building.  While he had parked there countless times before, that night was the first time he forgot to take his tools.  It turned out to[…]

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[…]

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[…]

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[…]

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[…]

Blockchain and Commercial Real Estate

While most people have a cursory understanding of Bitcoin, few would have predicted the staggering growth over the past few years.  In 2011, you could have bought 1 Bitcoin for approximately $1.00.  Looking at the chart below, that same Bitcoin is now worth $7,425.  Had you bought $135 worth of Bitcoin six years ago, today you[…]

Brick-and-Mortar Retailers are Under Siege

We wrote an article a few weeks ago where we highlighted a number of changes expected to occur in the retail industry.  The impetus for that article was a book by Doug Stephens called Re-engineering Retail.  Stephens, a self-described futurist, laid out a compelling argument on how retail is in the midst of radical change.  Ecommerce[…]