Fearful or Greedy in Alberta?

The Canadian Drilling Association announced a somber stat this week stating “the active rig count in Western Canada…is at the same level as we experienced in 1983, one of the worst periods in our industry’s history.” Negative headlines are proliferating at an alarming rate and unquestionably exacerbating the problem.  Notwithstanding the value of financial journalism,[…]

Edmonton Commercial Permits and Business Licenses Rise Over Last Year

The City of Edmonton just released its report on the number and value of building permits issued in the third quarter of 2015.  Of note, non-residential permits dropped 6% from the previous quarter.  Non-residential generally refers to commercial, industrial, government and institutional.  Most of the drop was attributed to declines in institutional and governmental as[…]

Cracks Starting to Show in Industrial Market

While everyone is familiar with the economic conditions caused by low oil prices, people might be surprised to hear how commercial real estate prices have actually remained fairly steady through the first 3 quarters of 2015.  There has undoubtedly been downward pressure on both lease rates and sale prices but landlords and sellers have been[…]