Uncompetitive Taxes Shifting Millions of Square Feet of Development to Edmonton's Periphery Markets

This past week at the Edmonton Real Estate Forum, the Industrial Panel took a run at some of the huge challenges faced by industry in the Edmonton market due to the ever increasing property tax rates and reimbursement expectations from our Councillors. With over 1.5 Million square feet of industrial product under construction this past quarter (Q1 2018) and the majority being located outside of Edmonton, what more can we say.

Development, Economics, InvestmentBronwyn Scrivens, Omada CommercialMay 17, 2018Development, Acheson, Parkland County, Leduc, Periphery, Taxes, Industrial, Cannabis Comment

The budding industry that is taking over Alberta

The cannabis industry has proven to be a game changer in states that have already gone through recreational legalization, and from what we are currently witnessing locally, there's no doubt that it is already having a tangible effect on our commercial real estate market here in Edmonton.

Investment, Market, TrendsBronwyn ScrivensJanuary 31, 2018Lease, Sale, Industrial, Trends, Cannabis, Edmonton, AlbertaComment

Thought Leadership

Bronwyn Scrivens, SIOR is a licensed real estate agent with: