What Will Edmonton Property Taxes Look Like in 2050?

We have to give credit to the City of Edmonton: they sure are experts in drawing attention away from the huge tax increases over the past decade. The tactics being used are actually a form of crowd manipulation, whereby psychological techniques are used to influence a large group of people. For example, in a recent report[…]

Edmonton Commercial Property Taxes: Limited Time To Act

The City of Edmonton released its draft operating budget today, and to no one’s surprise, they are setting the stage for yet another large increase in property taxes.  While it’s just a draft at this stage, it’s worth noting that the proposed increases does not even take into account other projects such as the Lewis[…]

Business Tip – Make Sure Your Website Isn’t Missing This

This won’t be a typical post of ours.  Instead of rambling on about Edmonton’s commercial real estate market, the economy, pipelines, oil prices, or the overnight rate, we’re writing this week about our website itself, and it’s on a topic that may have implications for you too.   Outside our group of tech savvy friends[…]

Multi-Million Dollar Sales Piling up in Edmonton

2018 is shaping up to see some huge deals in Edmonton’s commercial real estate market. As we reported a few weeks ago, there have already been some noteworthy sales, with the sale of Edmonton Tower for $400 million leading the way. There are clearly a healthy number of buyers in the market as a number of other[…]

Alberta Population to Hit 6.4 Million by 2046

The Government of Alberta has released a 29 (!) year projection on where they expect the provincial population to be in 2046. That could be an interesting time in the history of mankind, as futurist Ray Kurzweil predicts we’ll have singularity (the point at which technology becomes smarter than humans) in 2045. Notwithstanding the follies[…]

2018 Has Seen an Increase in Commercial Sales Activity

As oil prices have increased over the past year, so has commercial real estate activity in Edmonton. 2018 Mid-year 2017 Mid-year 2016 Mid-year Land $228,859,462 $132,533,862 $189,846,527 Buildings $1,082,145,037 $1,077,442,119 $675,904,126 Total $1,311,044,499 $1,209,975,981 $865,750,653 It’s not just the average sale price that has increased either, as the number of total sales has increased from[…]

Edmonton Office Tower Sells for $400 Million

Less than 3 years after it was built, Edmonton Tower has been sold for $400 million.  We mentioned earlier this year that Edmonton Tower, along with Stantec Tower, were both rumored to be for sale, and at the time we expected buyers to quickly come forward.   Enter the Alberta Investment Management Corporation (AIMCo), a large[…]

Construction Project Update: NAIT’s Productivity and Innovation Centre

With a growing population over one million, Edmonton is the province’s post-secondary destination, teaching nearly 200,000 students each year. Between the University of Alberta, MacEwan University, Concordia University of Edmonton, King’s College, and Norquest, Edmonton is a leader in academics. But one of the city’s shining stars is NAIT. A polytechnic school that offers both[…]

242 Applications to Open Retail Pot Locations in Edmonton

The City of Edmonton just released information pertaining to the applications they’ve received for cannabis retail locations.  What caught our attention was the fact that 242 applications were received in Edmonton alone, yet AGLC is estimating they will only issue 250 licenses province-wide. Since AGLC has not disclosed how many will be in Edmonton, we[…]

Should Edmonton Property Taxes Continuously Rise to Fund Population Growth?

We’re proud Edmontonians. That was the takeaway Chad wanted to highlight on the Ryan Jespersen Show this week.  On behalf of Prosperity Edmonton, Chad was discussing the need for  the City of Edmonton to hold the line on taxes this year.  Although the rampant increase in City spending put a negative tone on the interview,[…]