January 2021

Edmonton is the capital city of Alberta and the principal city within the Edmonton Metropolitan Region. It is the north anchor of what is known as the Calgary-Edmonton Corridor. With a population of 1,461,000, Edmonton is Alberta's second-largest city, trailing only Calgary, and Canada's fifth-largest municipality overall.

Edmonton is considered to be a cultural, educational, and governmental hub, in addition to Alberta's petrochemical powerhouse. Supply and service industries support the region's energy extraction efforts, while new technologies and value-added processing have resulted from research targeting the energy sector. Its massive oil, gas, and oil sand reserves are reportedly the second-largest in the world, behind only Saudi Arabia.

Edmonton is the capital of Alberta and the province's cultural, governmental, and education centre. Located on the North Saskatchewan River, Edmonton has a population of 1,461,000. It is Alberta's second-largest city and Canada's fifth-largest city overall. Historically, the city's growth has been augmented by the absorption and annexation of a number of adjacent urban municipalities.

Edmonton serves as the north anchor of what is described as the Calgary-Edmonton Corridor. The city is known for its full slate of festivals every year, earning the nickname "Canada's Festival City." It is also home to North America's largest mall, West Edmonton Mall. Of the major housing markets in Canada, Edmonton is considered to be one of the most affordable,

Due to the pandemic, renters in the commercial space market are requiring less space. Research by CBRE revealed a 200,000 sq ft dip in office space uptake during the last quarter of 2020.

Whether you want to manage it yourself or you have hired a commercial property management firm, ensuring that your property delivers an excellent business environment for your renters is a top priority.

Use this guide to deliver excellent service and the perfect premises for the renter. 

What makes Commercial Property Management so Different from Residential?

Is your forte managing residential properties? Would you like to delve into commercial properties? Understand that it’s a whole new ball game. Residential and Commercial property management is like

Homeowners and new home buyers have been reaping the benefits of record-low mortgage interest rates in Canada, with current homeowners being able to lock-in lower rates while new home buyers have found mortgages to be more affordable. Mortgage refinances increased by 21% in the first quarter of 2020 compared to 2019. But why have rates dropped to such low levels?

Interest rate drops give opportunity to hopeful homeowners 

A slumping economy amid the COVID-19 pandemic has caused the Bank of Canada to react by dropping their policy interest rate to just 0.25% during the spring of 2020, compared to a policy rate of 1.75% the year prior. This policy rate affects short-term interest rates, such as the prime rate, which banks use for things like