Industry News

Dear Members of City Council, As representatives of the downtown commercial real estate community we are writing to express our strong opposition to the proposed closure of multiple access points into downtown. We believe that this decision will have significant negative impacts on the ongoing recovery efforts downtown. Impact on Business Operations and Downtown Recovery […]

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 […]

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 taxes are […]

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 […]

NAIOP chapter leaders across Canada expressed support of the federal government’s decision to require that federal public servants return to their offices for a minimum of three days per week. “This hybrid model is consistent with the approach we are seeing across Canada in the private sector and is a positive first step towards returning […]