Office in LLoydminster

Jul 26, 2010 - Frost & Associates would like to announce that we now have an office in Lloydminster servicing Vermillion, Bonnyville, Lloydminster, Cold Lake and surrounding areas.

This office has two local CRAs to service your residential needs. We also have a commercial department with three AACIs to appraise the commercial, industrial and multi-family properties in this area.

Please call our office for more details.

Edmonton Housing Market marked by High Inventory

Jul 14, 2010 - “There was less external pressure on the market from incentives or rate changes last month and as a result the market seems to be operating in a normal controlled manner,” said Larry Westergard, president of the REALTORS® Association of Edmonton. “It has been quiet on the news front but very busy in REALTORS® offices as they list client’s properties for sale, book showings for buyers and attend open houses. This has not resulted in immediate sales, however, and, in anticipation that this slowdown will continue through the year, we have reduced our 2010 sales forecast by 2,000 units from 21,000 to just 19,000.”

The slight rise in prices for single family residences in the Edmonton area in May continued in June. SFD prices are up to $391,497 – an increase of half a percent. In the first half of the year average prices are up over 7.5% and are tracking higher than 2009. Condominium prices peaked in April and then flattened out to match the prices reported in 2009. In June the average condo sold for $242,644 – down 2.4% month-over-month. Duplex and rowhouse prices of $306,905 were down 4.6% from last month. Overall, the average residential price was down $4,795 in a month. As usual prices are expected to soften in the second half of the year as sales activity slows. “With the increased choices that buyers have in the marketplace right now it is that much more imperative that sellers consult with their REALTOR® to make sure their property is priced to attract an offer,” said Westergard. read more

Colliers 2nd Quarter Office Report

Jul 1, 2010 - MARKET HIGHLIGHTS The Edmonton offi ce market for the second quarter has seen low velocity and was characterized by a lack of new deals being completed and landlords focusing on retention of tenants. In order to attract potential tenants, landlords have been offering incentives such as free rent with the hope of filling their large vacancies. Some of the most significant transactions completed this quarter were renewals including the Raymond James renewal in Scotia Place, the Fraser Milner Casgrain renewal in Manulife Place, the Ford renewal in the Ford Credit Building, and the Pricewaterhouse Coopers renewal in the TD Tower, illustrating the stagnation of the market. The only signifi cant new transaction this quarter was Remington’s build-to-suit deal for Alert (RCMP) in the West End. For the fi rst time since the end of 2008, overall vacancy rates have decreased slightly this quarter by 0.03 percent to 10.51 percent. One reason for the drop in vacancy rates is the decrease in sublease availability, which went from 1.37 percent in the first quarter to 1.18 percent in quarter two. One signifi cant sublease deal was in the Oxford Tower where SNC sublet a full floor to CIMA+. This change in overall vacancy rates may signal the recovery of the offi ce market. read more

Cushman Wakefield 1st Quarter Review

May 21, 2010 - The investment market in 2010 should continue to rebound from recent volume and sales lows of 2008 and 2009. We expect capitalization rates to remain relatively constant throughout the year but anticipate upward pressure on interest rates in the second half of the year. read more

Colliers 2010 Skyline Report

Mar 14, 2010 - DOWNTOWN OFFICE MARKET Vacancy rates have begun to stabilize. After a substantial two percent increase between the third and fourth quarter of 2009, overall vacancy increased only 0.57 percent in the fi rst quarter of 2010 to land at 10.54 percent. Edmonton’s market is balanced in relation to other major cities due in part to the more conservative nature of local developers. Until 2011/2012, there will be no new major additions to the Downtown inventory aside from the brand new EPCOR Tower and the Federal Building, which is undergoing a major renovation. The impact on vacancy rates from the redevelopment of the currently vacant Federal Building is expected to be minimal as the Annex and Terrace Buildings are scheduled for demolition on a corresponding timeline. The real story this quarter is a continuing decrease in rental rates, with Class A Financial buildings falling a further $3.00 per square foot~: however, we do not anticipate additional decreases in the near future. There has been a signifi cant increase in operating costs due in part to the City of Edmonton transferring business taxes into property taxes. read more

Cameron Walker, B.Comm, AACI, P.App joins our Commercial Division

Jan 29, 2010 - Frost & Associates is please to announce the addition of Cammeron Walker, B. Comm, AACI, P.App to our Commercial Department.

Cameron’s educational background includes completion of a Bachelor of Commerce Degree through Athabasca University, and was awarded a Post-Graduate Certificate in Valuation from the University of British Columbia.

In 2003, Cameron began a formal career in real estate as a property manager for Dewy Investments Inc., in Edmonton Alberta. In 2005, he relocated to Saskatoon, Saskatchewan, where he joined the appraisal firm Brunsdon Junor Johnson Appraisals Ltd. Cameron attained the AACI, P.App designation in late 2006, and is currently a member in good standing with the Appraisal Institute of Canada.

To date, appraisal experience has included completion of assignments relating to various forms of commercial, investment, industrial, and multi-family residential properties, as well as conducting market research and providing professional testimony.