{"id":1868,"date":"2012-11-29T16:43:34","date_gmt":"2012-11-29T21:43:34","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1868"},"modified":"2013-05-29T16:56:46","modified_gmt":"2013-05-29T20:56:46","slug":"saskatoon-high-performing-market","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/saskatoon-high-performing-market\/","title":{"rendered":"Saskatoon\u2019s High-Performing Market"},"content":{"rendered":"

Our construction costs are still 20 or 30% higher for an identically-spec\u2019d building in Vancouver or Toronto,\u201d says Saskatoon developer<\/strong><\/span><\/p>\n

\"Dub\u00e9<\/a>Midmarket cities in western Canada have economies that are outperforming those in the major metro markets in the country, and that\u2019s leading to increased demand across all asset classes.<\/p>\n

We\u2019re commodity-rich in the west,\u201d says David Dub\u00e9, president & CEO of Concorde Group Corp. \u201cThat\u2019s driving a lot of capital spending for exploration and development. Cities like Saskatoon, Regina and some of the smaller regional centres in Alberta and British Columbia are seeing a recalibration of real estate markets that were historically depressed for some twenty or thirty years. Some of it\u2019s a correction in the marketplace, but we\u2019ve passed that now to where it\u2019s a demand-driven market that\u2019s driving development.\u201d<\/span><\/p><\/blockquote>\n

Concorde owns subsidiary Biz-Hub Developments, which operates a 500-acre light industrial park north west of Saskatoon. The first phase is already sold out and the company is in the midst of launching the second phase.<\/p>\n

Dub\u00e9 says their success is due to strategic planning for growth over the long term. \u201cThere\u2019s been a shortage of big-box development land within the city,\u201d he says. \u201cThey didn\u2019t have a ready-for-growth strategy in the can, so city planners are now playing catch-up.\u201d<\/p>\n

At the same time, labour shortages are driving construction costs higher than they should be. Dub\u00e9 thinks a slow-down might be beneficial for everyone. \u201cIf demand would plateau for 18 months, I think it would be a healthy prospect for the market.\u201d<\/p>\n

Note: This article appeared on p 38 of\u00a0Canada’s Leading Real Estate Forum Magazine, Winter 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

Our construction costs are still 20 or 30% higher for an identically-spec\u2019d building in Vancouver or Toronto,\u201d says Saskatoon developer Midmarket cities in western Canada have economies that are outperforming those in the major metro markets in the country, and that\u2019s leading to increased demand across all asset classes. We\u2019re commodity-rich in the west,\u201d says […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1868","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-u8","jetpack-related-posts":[{"id":239,"url":"https:\/\/traceyarial.com\/blog\/en\/john-cleese\/","url_meta":{"origin":1868,"position":0},"title":"Funny Friday: John Cleese comes to Canada","author":"Tracey Arial","date":"January 4, 2019","format":false,"excerpt":"John Cleese is coming to Canada in May. He's not coming to Montreal, but if you live in Halifax, Toronto, Kitchener, London, Saskatoon, Edmonton, Calgary or Victoria, you're in luck. Get your tickets before they sell out.","rel":"","context":"In "Humour"","block_context":{"text":"Humour","link":"https:\/\/traceyarial.com\/blog\/en\/category\/cultural-identity\/humour\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/SoAnywayBookCoverjpg.jpg?fit=292%2C450&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1484,"url":"https:\/\/traceyarial.com\/blog\/en\/montreal-business-costs-lower-than-toronto-and-vancouver-but-retailers-dont-benefit\/","url_meta":{"origin":1868,"position":1},"title":"Montreal business costs lower than Toronto and Vancouver, but retailers don\u2019t benefit","author":"Tracey Arial","date":"February 26, 2013","format":false,"excerpt":"Verdun bookstore owner Philippe Sarrasin wasn\u2019t wrong to question his commercial taxes. 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Crabapple (Malus \u2018Lollizam\u2019) Lollipop crabapples grow 10ft-high and get white flowers in spring. Small yellow fruit appears in the fall. Pear (Pyrus communis 'Savignac') One of\u2026","rel":"","context":"In "Gardening"","block_context":{"text":"Gardening","link":"https:\/\/traceyarial.com\/blog\/en\/category\/seasonal-living\/gardening\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/2012\/05\/strawberry.jpg?fit=300%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":380,"url":"https:\/\/traceyarial.com\/blog\/en\/farm-fresh-produce-in-the-city\/","url_meta":{"origin":1868,"position":3},"title":"Farm Fresh Produce in the City","author":"Tracey Arial","date":"May 8, 2012","format":false,"excerpt":"Fresh apples, fall lamb, guinea fowl plus pears, raspberries, chives and lots of picnics at a farm a couple of hours drive away. 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