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February 2018 Archives

Real estate transactions and the burgeoning pot industry

On the eve of legalization of recreational marijuana in Canada, landlords of retail space are preparing for an onslaught of potential business. Commercial real estate transactions in Alberta are expected to go through the roof as entrepreneurs prepare for the sale of cannabis in retail spaces. Despite the rules surrounding weed sales in Alberta not being defined as of yet (although it has been decided that the private sector in the province will be overseeing over-the-counter sales), some people are securing retail space without knowing if they'll even get permits to sell the herb.

Real estate transactions: Pot-friendly buildings in the future?

With the advent of legal marijuana on the horizon, a few Albertans are thinking about cannabis-friendly buildings. It will make some real estate transactions interesting. Canada is set to legalize pot this summer, and some building owners who already use marijuana are thinking about allowing their tenants to smoke weed in their buildings -- and going a step further and actually seeking tenants who are cannabis users.

Calgary on list of likely commercial real estate hotspots in 2018

A recent report lists Calgary as one of five Canadian cities that will heat up commercially in 2018. The Alberta city made the list alongside Vancouver, Toronto, Montreal and Ottawa. The report indicates there is a sizable amount of capital to be invested in commercial real estate in these cities over this year and beyond, adding that  the commercial sector will be both competitive and busy. 

Residential real estate continues to fight tough times in Alberta

There are times when the real estate market gets pummelled because of general economic woes. For a while now,  residential real estate in Alberta has been suffering the backlash of difficult times in the oil sector. That is expected to continue into 2019, but there is positive change in the air, too, according to some experts. A spokesperson for a major Alberta construction company estimates the spring will see construction increase with demand on the heels of recovering economy.

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