Category: Industry News
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Opinion: Edmonton’s Downtown Is Turning a Corner – Now Comes the Hard Part
There’s a tendency in conversations about downtown Edmonton to dwell on what’s missing. But the data tells a different and far more constructive story. Quietly and steadily, billions of dollars have flowed into the core, reshaping not just the skyline, but the trajectory of the city itself. There’s a gap between what people say about…
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Shaping Tomorrow’s Cities: Inside the University of Alberta’s New MRED+ Program
The real estate industry asked, and the Alberta School of Business delivered. After years of development, with input from industry and city-building partners, Canada’s first fully online, part-time graduate program in real estate development is now accepting applications. The Master of Real Estate Development+ (MRED+) program at the University of Alberta welcomes its first cohort…
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Soaring Municipal Charges Are Undermining New Rental Investment and Supply
Advancing Federal Advocacy to Reduce Barriers and Support Development Across Canada NAIOP Edmonton, together with all Canadian NAIOP Chapters, continues to work collaboratively at the national level to advance key advocacy priorities that support a more competitive, stable, and investment-ready development environment. This collective work ensures federal policymakers understand the unique challenges facing large scale…
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The Economic Impact of Commercial Real Estate in Canada and Here at Home
Building Alberta’s Future: CRE drives Jobs, growth, and community in Edmonton and beyond. The NAIOP Research Foundation commissioned a 2024 report to measure the economic benefits of commercial construction across four major asset classes: industrial, retail and hospitality, office, and institutional multifamily housing. The report also examines the impact of commercial brokerage, property management, and…
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Unlock Value in Your Property: New Grant Opportunities from the City of Edmonton
We’re excited to share a range of grant programs available from the City of Edmonton—designed to help property owners, developers, and businesses upgrade, redevelop, and rejuvenate their sites. Whether you’re looking to improve a storefront, undertake energy upgrades, or revitalize underused land, these programs offer financial support that can significantly reduce your out-of-pocket costs: Brownfield…
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Advocating for Fairness: Addressing Policy That Directly Affects Alberta’s Tax Regime and Its Impact on Business Growth and Investment
The Government of Alberta is inviting stakeholder feedback on the review of the Land and Property Rights Tribunal, the body responsible for hearing and making decisions on appeals related to commercial and industrial properties. Additionally, the government is seeking input on a proposed change to the Municipal Government Act, which would give municipalities the option…
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Downtown Investment Plan
Edmonton’s downtown, once contributing 10% of the municipal tax base, has seen its share plummet to just 6.4%, and that’s putting pressure on all city taxpayers to make up the difference. But now, business leaders, developers, community stakeholders, and public institutions are rallying behind a positive long-term vision for Edmonton’s downtown. “The importance of people…
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Fixing How we Pay for Infrastructure could be the Key to Building More Infill Homes in Edmonton
Most North American cities have a system to share off-site infrastructure in the suburbs, but few have a system to do this in infill areas. That’s because the costs to upgrade things like underground pipes are largely unknown, and developers don’t build infills in one area all at once. By addressing the financial uncertainties and…
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Addressing Edmonton’s Industrial Tax Challenge
–Anand Pye Edmonton has faced a significant shift in its non-residential assessment share over the past decade. In 2008, Edmonton held a commanding 72% of the region’s non-residential assessment; however, by 2022, this share had dropped to 60%. This decline has resulted in increased pressure on the remaining taxpayers. Residential taxes are up, and industrial…
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The Future of Downtown: Insights from Leaders In Edmonton and Beyond
Last month, at the NAIOP breakfast held at Edmonton’s Westin Hotel, an engaging panel conversation unfolded between two prominent figures in the Alberta real estate and economic development industry. Mark Garner, Executive Director of the Calgary Downtown Association, and Cory Wosnack, Principal and Managing Director at Avison Young, discussed the dynamic landscape of real estate…