Commercial tax rates continue to rise in Edmonton and Calgary

Concurrently, their periphery markets ranked among most entrepreneurial in Canada.

I’d like to begin this post about a recent client I worked with who was trying to lease out their property located within the City of Edmonton. Their property taxes equalled an astounding $6.00 per SF in an area notoriously known for not having full city services. In a market that has seen record high vacancies, with City-wide average net industrial rents equaling approximately $8.75 per SF (Q1 2019), this is completely unsustainable.

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