25 October 2017
Courtesy of RE/MAX of Western Canada
Edmonton saw strong year-over-year increases in total dollar value of commercial property sales during the first half of 2017 as a result of the ongoing stabilization of the oil sector. Alberta’s capital city also saw significant year-over-year growth in total sales value for commercial properties of 39 per cent, topping $1 billion at the mid-year point for the first time in three years. With the continued stabilization of the oil sector, Edmonton's commercial property market is expected to continue its slow recovery. With increased activity amongst private investors, there is a feeling of cautious optimism. We look forward to a healthy commercial property market heading into 2018.
4 August 2017
Courtesy of the Network!!
Economic conditions within the Province of Alberta and the City of Edmonton are slowly rebounding and are projected to remain upward trending for the foreseeable future. This report will highlight the total dollar volume and sales within the City of Edmonton through to June 30th, 2017, as well as the number of transactions relating to all sectors of the market covered by The Network.
14 June 2017
RE/MAX Excellence - Commercial division is honoured to be recognized as the Top RE/MAX Commercial Team in Canada, as well as the Top RE/MAX Commercial Team Worldwide. Congratulations goes to all of our fantastic team of associates!
5 May 2017
Courtesy of The Network
A quick highlight of the total dollar volume and sales for Q1 2017 as well as the number of transactions relating to all sectors of the market covered by The Network.
3 April 2017
Courtesy of Morguard
2016 saw a period of slow growth in some sectors and decline in others. Low oil prices and layoffs resulted in lowered consumer confidence.
2017 should see stabilization and increase in activity.
4 April 2017
Courtesy of RE/MAX Western Canada
Much of Western Canada continued to experience slower market activity in the first half of the year as regional economies continued to recover from the downturn in the oil sector.
The commercial real estate markets in Calgary and Edmonton continued to feel the impact of lower oil prices. In Calgary, the number of commercial properties sold during
the first two quarters of the year was down 12 per cent from the same period in 2015. The most significant impact has been seen in office space; at the end of July 2016, the
office vacancy rate was approaching 25 per cent.
In Edmonton, the number of commercial building and land sales was down eight per cent year-over-year while the value of those sales was down five per cent. This marks the
second consecutive year that total sales valued less than $1 billion by mid-year. Land sales declined by 40 per cent year-over-year, indicative of a slowing economy; however, the
total dollar value of building sales was up 13 per cent compared with the first half of 2015. There continues to be demand for good quality product in the Calgary and Edmonton
markets, though a full recovery is not expected until oil prices rebound. There will likely be some good opportunities for investors coming on to the market later this year and
next year as owners start to sell off assets.
5 May 2017
Courtesy of The Network!!
This report provides a general synopsis of overall sales activity observed within the City of Edmonton during 2016, with a 5 year summary also being presented to assist in gauging activity in 2016 in relation to the preceding 4 years. The Market Overview will key on overall sales activity and trends within the City of Edmonton as well as analysis of a number of sub-sectors.