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.