A Single Number is Driving Edmonton’s Industrial Real Estate Market

We’ve written extensively about how Edmonton’s commercial real estate market is directly linked to the price of oil.  This week, we’re going to be even more specific and show how Edmonton’s industrial real estate market is hinged to the price of Canadian oil prices (Western Canadian Select). First a bit of background: oil prices, when[…]

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[…]

Why the Feds Buying Trans Mountain Helps Edmonton’s Commercial Real Estate Market

This week, the Canadian government agreed to purchase Kinder Morgan’s Trans Mountain pipeline to ensure the expansion goes ahead.  While there is a lot of criticism from environmental and indigenous groups and conservative politicians and pundits, we believe this is a big win for our economy. As we have written about previously, Edmonton’s commercial real estate[…]

Oil Prices have Increased 70% in the Past Year

Hillary Clinton is not President of the US, and Amazon did not choose Edmonton for it’s first western Canadian fulfillment centre.  While we struck out on those two guesses, we also predicted back in November that oil would hit $70 / barrel sometime this year (which it did this week, marking a 70% increase since 2017).   While we were wrong[…]

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,[…]

Mark Zuckerberg, the Trans Mountain Pipeline, and Edmonton Commercial Real Estate

Okay, it might be a stretch connecting Mark Zuckerberg to Edmonton’s commercial real estate market, but stick with us for a minute. During his congressional hearing, Mark Zuckerberg was asked a terse question: “Will you commit to changing all the user default settings to minimize to the greatest extent possible the collection and use of users’ data?”[…]

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[…]

Our Prediction is Close to Reality

A few months ago, when oil was hovering in the low $50’s, we made a prediction that oil would rise to $70 sometime in 2018.  Some people scoffed.  Others laughed.  Our own friends started sending our calls straight to voicemail.  We even lost 15 followers on Instagram.  Okay, maybe we have a flair for the[…]