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[…]

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[…]

$1 Million / Acre Land in Edmonton

$1 million / acre land used to seem far-fetched.  Somewhere along the line, high profile land in dense areas reached that milestone, followed not too long after by land simply on a main road. Now we are even seeing land all over Greater Edmonton selling for over $1 million / acre.  To illustrate, we did[…]

Are Tax Payers Subsidizing Edmonton Golf Courses?

Golf courses are often owned by wealthy people seeking trophy assets.  Along the lines of a wine vineyard or sports team, the owners are less concerned about the investment returns, and more interested in the bragging rights.   There are exceptions of course, as some astute owners have found ways to profit from golf courses.  Consider[…]

Edmonton Commercial Property Taxes are Rising 4x Faster than Inflation

The City of Edmonton just released the tax rates for 2018, and it ain’t pretty. Before we get into the meat of the article, we’ll first provide a brief overview of how the tax rate is determined: The City prepares a budget to estimate how much it will cost to provide municipal services; Somewhat simultaneously,[…]

Now Hiring!

Now Hiring for our Mentorship Program Job purpose Assist, learn and develop alongside three seasoned brokers.  The candidate will learn firsthand about the sales and leasing process.  This includes the opportunity to make important contacts, tour properties, prospect and negotiate with tenants, landlords, buyers and sellers.  The candidate will have the ability to take deals[…]

Several Large Commercial Sales Kick Off 2018

It’s interesting how expensive homes always seem to make the news, but commercial transactions with much higher values happen regularly.  By comparison, there have been two residential properties that have sold over $2M this year ($2M and $2.3M, to be precise), whereas there have been several commercial sales well in excess of that. For example, the[…]

Where Do I Find Commercial Real Estate Listings in Edmonton?

If you’ve ever been frustrated trying to find commercial real estate listings in Edmonton, you’re not alone.  Drive around any commercial area in Edmonton and you’ll see dozens of For Lease and For Sale signs.  Some may be the wrong size, while others might have the wrong zoning. Even worse, some may have worked but were[…]

There’s a New Big Dog in Town

If you read the headline and saw the cover picture, you may think we’re talking about Rogers Place or Stantec Tower. However, in this case the big dog is Choice Properties Real Estate Investment Trust and the town is all of Canada.  Admittedly, we might be guilty of click-bait here, but if we haven’t lost you[…]

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[…]