If you’ve read any of our previous posts, you’ll know we have been proud to promote the initiatives being conducted by Prosperity Edmonton. To that extent, Chad has also had the opportunity to speak to Global, 630 CHED and CBC to talk about how recent increases in municipal spending has lead to unsustainable increases in property taxes. We have volunteered this time and effort to show we’re passionate advocates for businesses and property owners in the city.
As the process for the upcoming budget cycle advances in November, Edmontonians had the opportunity yesterday to voice their concerns in a public forum. In fact, so many people signed up to speak that the City had to add another day in late November so that everyone can be heard.
To continue the dialog, Chad was fortunate to speak as a small business owner, but also as a born and raised, proud Edmontonian. Contrary to expectations of talking exclusively about tax cuts, Chad made an effort to thank the mayor and councillors for the untold and thankless hours they invest meeting with industry groups, community leagues and constituents. As a team, we are also proud of a number of services our city offers which makes us truly world class.
We subscribe to the notion that businesses cannot be successful if the residents are unhappy, and the other side of that coin suggests that residents will not be happy if businesses are failing.
This lead in to an explanation that Prosperity Edmonton was created on behalf of businesses concerned about the rise in property taxes over the past decade. Contrary to misconceptions about us wanting deep cuts in spending similar to those that occurred in the 90’s, our position is that we want to ensure our City continues offering key services and investing in core infrastructure, but to ensure every dollar is spent at peak efficiency. Following a period of tax increases rising at a pace far greater than combined inflation and population growth, Prosperity Edmonton is asking for a freeze in property taxes in the upcoming budget.
Councillors undoubtedly have a tough task ahead of them. There are passionate people on both sides of the equation, each with compelling arguments on how money should be spent, eliminated or made more efficient.
Attending the public forum was a fascinating event, and what resonated most profoundly for us was the undisputed fact that there are a lot of amazing Edmontonians, all of whom are looking to make our city a better place to live and work.
NEW! We now offer the option for you to subscribe to receive our blog posts directly to your inbox. Sign up below to receive Edmonton commercial real estate news weekly or a digest once per month:
Chad GriffithsPartner, SIOR, CCIM
Chad is a partner with NAI Commercial Real Estate and focuses on the Greater Edmonton area. Chad entered the industry in 2004 and has completed over 400 commercial transactions with clients ranging from small, local companies to large institutional owners. Chad has been a top 15 producer with NAI Canada-wide since 2013.
Ryan BrownPartner, BCom, SIOR
Ryan is a partner with NAI Commercial Real Estate in Edmonton and is currently ranked nationally as one of NAI's top advisors. Having executed in excess of $100 Million worth of sales transactions and over 2 Million square feet of lease transactions, Ryan has developed a firm understanding of asset evaluation and an aptitude for building design, functionality, and long-term practicality.
Darcie is a licensed Commercial Real Estate Agent in the Province of Alberta with a focus on the Edmonton market and its surrounding areas. Darcie accomplishes custom solutions for her clients through her personable nature and results driven attitude. Darcie can help if you are looking to invest in commercial real estate or are looking for representation for a sale or lease transactions.
EdmontonCommercial.com offers expert analysis and research in a weekly blog along with resources for landlords, tenants, sellers and buyers in the market. Seeking to buy or lease? We track every property available for sale and for lease in Greater Edmonton. Get the latest news and check the latest listings—anytime.