A Step in the Right Direction by the City of Edmonton (With More Steps Still Required)

Whether it’s segmenting industrial areas apart from residential areas, or ensuring commercial areas are restricted to areas with adequate parking and traffic capacity, the City of Edmonton uses the existing zoning bylaw to allow and restrict what uses can occupy any given property or piece of land. Looking at a section of Edmonton provides an overview[…]

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[…]

$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[…]

Construction Project Update: Whitemud & 75th Street

The Valley Line LRT is part of the City of Edmonton’s “commitment to grow green and create a compact, more integrated urban environment where people have an opportunity and choose to use alternative transportation modes.” Originally, Edmonton’s LRT system consisted of only the Capital Line, which ran from the northeast through downtown to the university[…]

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[…]

Idle Trains, Stalled Pipelines and $70 Oil

There’s an optimism in Edmonton’s industrial market that we haven’t seen since 2014.  Not that it’s anywhere close to the flurry of activity we saw prior to the plunge of oil prices, but it’s markedly better than it’s been the past few years.  If we were to do a rough sketch of the activity we’re seeing,[…]

Oil Update – Edmonton Commercial

It may not feel like spring quite yet, but the drilling industry is in the midst of the annual “spring break-up”.  Around this time each year, the earth thaws and the ground becomes soft, muddy and generally harder to work in.  It is a period of considerable slow down, as evidenced by recent statistics showing roughly 3/4[…]