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[…]

We Got 99 Problems But This Street Ain’t One

99th Street’s Impact on Edmonton’s Commercial and Industrial Real Estate Markets In 1870, private land ownership was introduced in Alberta, but until the Calgary and Edmonton Railway (C&ER) Company decided to establish a commercial centre on the south side of the North Saskatchewan River, Old Strathcona was largely undeveloped. Until 1882, only a sparse settlement[…]

Getting Slapped in the Face by a Pipeline: A Short Story

On October 3rd, 2017, oil prices closed at $49.98 / barrel.  Fast forward one full year, and prices have increased more than 50% to close over $76 / barrel.  It would seem this news would be positive for Alberta’s economy, but the stats don’t tell the full story.  First, those prices are for West Texas[…]

A Massive Pipeline Project That Could Be a True Game Changer

Calvin Helin is a name you will want to remember. Helin is the son of a hereditary chief and the brother of the mayor of the Lax Kw’alaams Band in northern BC.  A lawyer by profession, Helin also has over 750,000 followers on Twitter. And at a time when the Trans Mountain Pipeline is being[…]

Businesses in Edmonton Are Asking For A Break in Property Taxes

Joe Rustom, chef and owner of Parkallen Restaurant, said the current business climate in Edmonton is making it difficult for small companies.  A second generation owner, Joe’s parents started the business in 1982.  Over the past decade in particular, taxes have risen considerably, with Joe now estimating his property taxes and utilities cost between $3,500 –[…]

An Eyebrow Raising Graph on City of Edmonton Spending

We’ve been sounding the alarm bell on property taxes for awhile now, so we were very glad to see a number of business associations formalize an advocacy group to encourage City Hall to put a freeze on municipal spending. The group, known as Prosperity Edmonton, has gathered data from different levels of government to show[…]

The Path to Edmonton’s Economic Recovery Is Not a Straight Line

We’re going to bury the lead a bit here.  Before we get to our blog post for the week, we want to highlight that we are eternal optimists and are proud to live and work in Edmonton.  We’re happy to say we’re from Alberta and we sing the Canadian anthem as loud as we can,[…]

Canada’s 100th Costco Opens at the Edmonton International Airport

Costco has opened its 7th location in the Edmonton region, and at 154,000 square feet it will also be the largest.  While Costco members are undoubtedly happy to have another location to shop at, what we find particularly noteworthy about this new location is the vote of confidence for the Leduc / Nisku region. For[…]