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The Future of Western Canada

We see a very bright future ahead of Western Canada. We have a resource-based economy, giving Western Canada a great position there. Over the course of the past 2-3 years where the movement has been towards renewable energy, it has shifted to some degree. Those who are inside and outside of the oil and gas district recognize that we need to do something.

The biggest aha! moment for everyone was when we realized we needed affordable energy. That put Alberta, Saskatchewan, and BC in a very good position from a natural gas standpoint. This also creates a much more sustainable growth situation as opposed to the boom-bust cycle. Companies have also realized this—giving more attention to paying down debt vs. increasing production. Those companies are going to be responsible for getting us to net zero by 2050!

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Tenants-First Case Study

We’ve had one client who was looking to consolidate two or three of their locations into one. In this specific case, they were very specific in the size that they were looking for. We went out and searched the market, found a really good location and a great looking building. However, it turned out to be twice the size they were looking for.

We showed it to them nonetheless, and they ended up moving forward with it. What we learned from this situation is that sometimes, you’re given a task but you don’t know what the ultimate goal is. By providing that solution to the tenant, they realized that they can create a new business model with the additional space. Simultaneously, we were able to work out a deal for both parties where they were able to continue their normal course of business but also allowed them to invest in another business to grow.

 

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