2015: A Year in Review

As we look back on 2015, three significant events shaped our economy: Oil continued dropping throughout the year and is currently hovering around $37 / barrel (USD$/WTI); The New Democratic Party (NDP) won a majority government in Alberta; The Liberals won a majority government in Canada. In Alberta, the electorate chose to end a 44[…]

How many Commercial Listings are there in Edmonton?

The four main databases for commercial listings in Edmonton are realtor.ca (formerly ixc.ca), loopnet.com, spacelist.ca and kijiji.ca.  For the most part, each websites allow brokers and/or owners to list commercial real estate in the Greater Edmonton area.  This includes industrial, office, retail and multi-family asset classes.  While there is undoubtedly overlap between each of the[…]

Oil Falls to a 7 Year Low

Oil prices fell below $36 / barrel (WTI/USD$) early Friday morning, which represents a 7 year low for the commodity.  While there are undoubtedly a variety of factors influencing prices, most of the selloff comes on the heels of OPEC deciding not to cut production.  While a number of the countries inside OPEC are getting[…]

Top 10 Commercial Deals in Edmonton (Year to Date)

Even with pressures in Edmonton’s commercial real estate market, there are still a number of buyers with an optimistic view.  To that extent, we have highlighted the 10 largest commercial transactions year-to-date in Edmonton.  Interestingly, multi-family properties (walk-ups and high-rise apartments) comprised 6 of the top 10 sales. We also included the top 3 land[…]