The industry's own research.
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The company's net revenue rose in the quarter to $1.78 billion, while profit was up to $150.3 million
Westrich Pacific co-CEO: 'It's transformational, and it can't happen without major stakeholders'
The property was ordered into receivership last year for failing to repay loans in excess of $139 million
Overall, tightening inventory will be the prevailing storyline for Edmonton's markets, said McGavigan.
Some communities are pushing back. Rocky View County, near Calgary, has imposed a temporary moratorium on new data centre proposals
Albertans don’t appear to be sold on data centres, and they aren’t overwhelmingly skeptical either, a new Leger survey suggests. Forty-two per cent of those polled said they want a temporary pause on new approvals for large AI data centres until an independent public review examines the effects on electricity…
'What we'd like to do is sell it to someone that's going to treat it like a generational asset'
In Edmonton, luxury sales from January to April were up 47.7 per cent, compared to the same period last year
"These aren't your typical condos. I like to think of it as a series of stacked luxury homes within one building."
For years, the Canadian market has struggled to attract new listings, especially as consolidation and take-private deals remove stocks from the TSX
'CFB Edmonton remains ready to support the Canadian Army as it expands to meet these important obligations'
'Where I get concerned is if we start to see outflows'
Skyline Apartment REIT completed a sale of the Portofino Suites property in Edmonton, Alberta.
“Those are a lot of primary investments, and then those will have spinoff effects to labourers, small businesses, service providers ..."
The 650-megawatt natural gas power plant is proposed for northeast of Peace River and is highlighting broader environmental concerns about Alberta's rapidly expanding AI data centre industry
Edmonton multifamily vacancy rose only 70 basis points last year and completions are set to rebound above 7,000 units in 2026.
Edmonton recorded 96,144 square feet of positive net absorption in Q1 2026, with overall vacancy holding steady at 15.4%, as downtown strength—driven by the Financial district and Government cluster—offset modest suburban softness. The market is shifting toward "flight to experience" strategies where high-tier properties emphasize hospitality-driven services and plug-and-play solutions, while tenants increasingly favor flexible lease terms and furnished suites to manage build-out costs and timelines.
The Edmonton Industrial Market Report for Q1 2026 from Avison Young documents Greater Edmonton's industrial market conditions, noting 12,044 square feet of negative absorption with vacancy remaining flat at 3.8%, driven partly by a single large-scale older generation property of 277,606 square feet entering the market. The report identifies three key market drivers: defense industry positioning linked to Canadian Forces Base Edmonton and the Royal Canadian Air Force's anticipated Western Main Operating Base; recreation operators (pickleball clubs, climbing facilities, sports leagues) leasing mid-size industrial spaces between 15,000 to 45,000 square feet; and data centre development momentum around powered sites including the Keephills project involving TransAlta, CPP Investments, and Brookfield, and Project Greenlight in Sturgeon County backed by Pembina, Kineticor, and OPTrust.
The Edmonton office market in Q1 2026 experienced positive absorption of 23,278 square feet, reducing the city-wide vacancy rate to 17.8%, with gross asking rents at $32.51 per square foot across all property classes. Notable activity included ATCO's announced relocation to ATCO Centre (accommodating approximately 1,200 employees), the Intact Building sale for $24 million at a 10.22% capitalization rate, and increased downtown foot traffic following the Alberta government's October 2025 announcement of mandatory full-time in-office work beginning February 2026.
The Edmonton industrial market recorded 87,529 square feet of net absorption in Q1 2026, reducing overall vacancy to 5.7%, with the Southeast and Leduc/Nisku submarkets leading positive leasing momentum. Alberta's real GDP growth is expected to moderate to 2.0% in both 2026 and 2027 amid geopolitical headwinds, while construction activity is projected to accelerate with over 1,000,000 square feet expected for completion by year-end 2026, with approximately 77% already pre-leased.
This is a market report published by JLL in March 2026 covering industrial sector dynamics in Edmonton, Alberta during the first quarter of 2026.
Edmonton's rental market demonstrated resilience through 2025 with rents reaching new highs despite elevated vacancy and substantial construction activity, supported by strong population inflows of young adults attracted to affordability and employment in public administration, health care, logistics, and technology. The report projects that steady in-migration, improved labor conditions, and Edmonton's affordability advantage will sustain moderate, inflation-paced rent growth through 2026 as the market absorbs elevated completions.
This is a market data report published by CBRE on March 31, 2026, presenting industrial sector figures for Edmonton, Alberta for the first quarter of 2026.
This is a data figures report published by CBRE on March 31, 2026, presenting office sector metrics for Edmonton, Alberta in the first quarter of 2026.
This is a market report published by JLL on December 31, 2025, covering office sector dynamics in Edmonton, Alberta, Canada for the fourth quarter of 2025.
Edmonton's retail market demonstrates resilience with a 4.9% vacancy rate (up 0.4% from 2024), 37.9 million square feet of total inventory (up 365,000 sf from 2024), 543,000 square feet under construction year-to-date 2025, and average base rent of $36.14 per square foot (up $3.88 from 2024), signaling ongoing recovery and stability following pandemic disruptions. The document identifies three key retail trends: Edmonton leads Canada in per capita retail expenditures driven by energy-sector employment and population growth; federal-provincial childcare funding has reshaped the market toward non-profit and preschool-only operators; and Competition Bureau enforcement has placed new scrutiny on exclusivity clauses and restrictive covenants in retail leases across all sectors.
Edmonton's multifamily rental market in the first half of 2025 experienced moderated migration growth, a 3.1% vacancy rate as of October 2024, and median rents of $1,295 for one-bedroom and $1,629 for two-bedroom units—both below national averages. The market fundamentals show 127 total properties sold with $779.1 million in sales volume year-to-date, an unemployment rate of 7.3%, and multiple developments in the construction pipeline expected to deliver over 1,500 new rental units by 2026, with The Parks downtown introducing 363 units in the first half of 2025.