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November 2018 Archives

Real estate transactions: Alberta market is pot on

The real estate market has been buzzing with activity ever since the legalization of cannabis on Oct. 17. Investors and business people are snapping up property in western Canada, particularly in Alberta, which has seen an uptick in real estate transactions in the last few months. Developers have been looking for both office spaces and industrial lands for marijuana production facilities and dispensaries.

Residential real estate: Chinese show renewed interest in Calgary

Chinese investors are showing keen interest in Calgary. They are apparently making increased inquiries regarding the residential real estate market in Alberta's Cow Town. Some Calgary realtors have said that they have made significant sales to some Chinese investors.

Residential real estate: Gadsby Lake estate listed for $15.5M

The Beverley Hillbillies didn't have it this good. The residential real estate market in Alberta just got a little richer with a $15.5 million estate in Lacombe County recently put up for sale. The Gadsby Lake estate, tucked away in the Shorthills, is one of the province's most elaborate properties.

Commercial real estate: Legal cannabis poses retail positives

The legalization of marijuana could mean a boom for real estate. Akin to the gold rush of days of yore, this green rush could really have an impact on commercial real estate transactions in Canada. Investors have been scrambling to get their feet in on the ground level and to sell cannabis legally, particularly in Alberta where the province has decided to allow marijuana to be sold in private retail outlets -- not to mention the space it takes to grow -- so commercial space is becoming a hot commodity.

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