Research & Forecast Report OFFICE MARKET Fourth Quarter 2018 EDMONTON OFFICE MARKET Q4 2018

The Evolution of Edmonton Downtown by the Numbers It was not long ago when the most exciting event happening The figures below show that there is new energy forming in was the 5:00 PM rush hour traffic in Downtown Edmonton, bolstered by a younger population leaving the core. Weeknights in downtown were filled with looking to enjoy an urban downtown lifestyle where one emptiness and visitors would chuckle the word can work, live, and play without having to drive anywhere. “Deadmonton” as they walk down to quickly get back to their hotel. Downtown was a place to work, The map on the following page shows a number of nothing more. upcoming multifamily developments in the downtown core. There are currently seven residential projects underway Things have really started to change and we have slowly which are slated to add approximately 1,540 units to the started to witness more people on the streets of downtown downtown market. This alone is expected to increase after hours and weekends, walking to trendy restaurants downtown population by over 18% over the next five years and bars, new specialized gyms to workout in, hip coffee as a greater percentage of the population begins to favour shops to frequent and catch up with a friend, and walking living in the downtown core over other areas of the city, to a new state-of-the-art arena. Families are also drawn due to the increasingly vibrant lifestyle it can provide‡. An downtown by the new Art Gallery, , additional seven residential projects with a total of 3,200 and the 104 Street farmer's market. units are in their preliminary stages, which would add an estimated total of 4,800 people to the downtown district The heartbeat of downtown is growing stronger and the once complete‡. future is looking positive for the core. The main reason for optimism: the growing downtown population. As new developments are completed and attract more people into downtown, this will drive a larger demand for new retail amenities, which in turn will contribute to making downtown Edmonton more attractive for employers to consider locating their offices. These are all steps towards making downtown Edmonton an exciting place to be.

PROPORTION OF YOUNGER ANTICIPATED POPULATION DEMOGRAPHIC DOWNTOWN GROWTH RATE DOWNTOWN VS. CITY OF EDMONTON VS. CITY OF EDMONTON

% of Downtown Projected Downtown population ages population growth 20-39 in 2016¹ Edmonton City Planning anticipates 24,000 from 2016-2030² people living downtown by 2030, growing from the 12,768 people currently living there.² % of City of Projected City of Edmonton Edmonton population population growth ages 20-39 in 2016² from 2016-2030†

Source: ¹City of Edmonton 2016 Census: Population by Age Range ²Capital City Downtown Plan †City of Edmonton Growth Study: March 2018 ‡Based on 1.5 persons per unit

2 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International 4 5

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NUMBER OF ESTIMATED MULTIFAMILY UNITS IN This is an unprecedented level of new residential DOWNTOWN EDMONTON construction in downtown Edmonton. The City of Edmonton is predicting the downtown residential population will Construction Underway Prelimiary double in the period between 2016 and 2030¹. More people means more vibrancy, more energy, more security 1 The Augustana 240 8 X Tower 450 and most importantly will drive commercial growth into downtown. 2 ENCORE Tower 179 9 108th Street 800 and Jasper Avenue Jane Jacobs, the famous visionary urbanist once said, 3 Symphony Tower 143 10 The Shift 700

4 The Legends 264 11 Former BMO Site 371 Private Residences The sidewalk must have users on it fairly

5 SKY Residences 483 12 Mackenzie Tower 130 continuously [...] Nobody enjoys sitting at on a stoop or looking out a window at an 6 Financial Building 78 13 Sedona 1 & 2 106 empty street. Almost nobody does such a thing. Large numbers of people entertain 7 Centre West Complex 154 14 Falcon Towers 696 themselves, off and on, by watching street activity.

Source: ¹ Capital City Downtown Plan

3 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Why Downtown is Becoming More Vibrant

The residential growth is due in part to downtown stores and urban green spaces were almost non-existent. providing a better urban experience for Edmontonians However, as these new developments are completed and than ever before. Urbanites want amenities that support attract more people into downtown, this will drive a larger their lifestyle and provide everyday necessities. Looking demand for new amenities and further commercialization back ten years ago, the downtown core provided very of the area. The following are some of the fundamental few options that would attract individuals to live, work or reasons why people are being drawn to the core: play. Amenities such as wellness facilities, boutique retail

SHOPPING AND SERVICES TRANSPORTATION As downtown Edmonton’s population grows, it is expected While construction of the Valley Line is a good start, it will that additional retail amenities will be added to the area to be important for the City of Edmonton to thoughtfully plan accommodate the associated increased demand. out additional transit options through the core as it provides downtown residence easy access to other parts of the city Residents require access to well-stocked grocery stores, and provide surburbanites easy access to downtown. clothing stores, and other retail amenities to ensure that they are able to get everything they need without having to As the downtown population increases, it is crucial that it travel outside of downtown. The availability of services like be accessible via multiple modes of transportation, that child care, pet care, dry cleaning services, medical downtown is fully accessible from all parts of the city, and amenities, and other service focused amenities will have to that one does not necessarily need a car to get to their increase in order to provide the same level of offerings that destination. A good example is the development of the a typical suburban neighbourhood would offer. Downtown Bike Network, as it provides an alternate transportation option giving downtown commuters a safer, As more people move into the core, we anticipate that we environmentally friendly option to travel through the core. will see an increase in demand for these services, and The implementation of an effective city-wide bike share downtown will need to see a proportional increase in these system will also help encourage additional use of the retail options for the growing population. Downtown Bike Network; thus, bringing more life to the streets.

4 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International URBAN GREEN SPACE ARTS/ENTERTAINMENT The City of Edmonton has approved the expropriation of The newly finished Royal Alberta Museum, Art Gallery of 1.25 hectares in the downtown core and plans to build a Alberta, Winspear Centre, and are prime large urban greenspace dubbed “Warehouse Central Park” examples of venues that bring in world-class exhibits and along both sides of 107 Street between Jasper Avenue and shows to the heart of the city. 102 Avenue. This project will be a catalyst for further development of residential towers in the surrounding areas The completion of in 2016 has also brought and will provide residents with green space within walking significant life to the core, where it plays host to hockey distance, providing a human scale oasis amongst all the games, concerts and other events. We have still not density. realized the full potential of Rogers Place or the ICE District, with the Winter Garden and remainder of the ICE In addition to Warehouse Central Park, there has been a District yet to be completed. However, there is no denying renewed focus on increasing accessibility to Edmonton’s the net positive impact the arena has had on the area to River Valley, the largest urban park in North America. The date. Companies and citizens alike are excited at the City has recognized that both initiatives will be important in prospect of being located within walking distance to the bringing new development and new life into the area. ICE District and this excitement will grow as the area develops further.

FESTIVALS Edmonton is known as the “Festival City," as there is no shortage of festivals and activities to take part in.

As the downtown core continues to grow, events like “Taste of Edmonton” and the recently hosted festivities for the 106th Grey Cup showcased how downtown infrastructure can and should be used to its fullest potential, drawing outside attention from tourists, new businesses and investors. These festivals and celebrations in the core bring excitement to the streets, and do an excellent job of showcasing what downtown has to offer. As the population grows, it would be expected that more events are held within the downtown core.

Photo Credit (Clockwise): Government of Alberta, Mack Male, Chris Spillios

5 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International FOOD SCENE According to OpenTable, nine of “The 100 Best Restaurants for Foodies in Canada” are located in Edmonton¹. As Edmonton becomes a premier food destination, residents and employees are given more reason to dine out in the downtown area.

With over 300 restaurants downtown (and growing)², there are high-quality options for people to choose from, which brings more business to the downtown core, as commuters stay downtown longer, and residents are given a more compelling reason to live nearby.

Photo Credit: Mack Male

EDUCATION MacEwan University, now home to almost 20,000 full- time and part-time students, is a great example of how educational institution development in downtown can expand to add a young, upbeat energy to the core³.

Edmonton is well regarded globally for its strength in post- secondary education, and other institutions such as the University of Alberta, Northern Alberta Institute of Technology (NAIT), Norquest College, Academy of Learning and Robertson College have also invested significant capital into establishing their downtown presence. This brings new life into the core, while also indirectly encouraging students located downtown to enjoy the benefits of living/working in the area before starting their careers. As students graduate, there may be a portion who opt to continue living in the downtown core, as the pros of doing so begin to outweigh the drawbacks.

Source: ¹ OpenTable: Best Foodie Restaurants in Canada ² Zomato: Edmonton Downtown Restaurants ³ MacEwan University: Our Story 'Facts and Figures' Photo Credit (Top to Bottom): MacEwan University, Mack Male

6 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International HOTELS FITNESS AND WELLNESS FACILITIES As more life and new events are held in the downtown Recent fitness trends have brought those located downtown core it is important to properly showcase the city to guests a new way to stay in shape in the form of boutique fitness and visitors. studios, which offer HIIT Training, spin classes, yoga and boxing classes. Developers have recognized that having newer hotels in the heart of the city is critical to properly showcase The demand for all access fitness facilities in the downtown Edmonton and what it has to offer to guests and visitors. core can be seen as a new Crunch Fitness location has The pending completion of the JW Marriott in the ICE recently opened in Canadian Western Bank Place and a District, the Hyatt Hotel (formerly Enbridge Tower), and new GoodLife Fitness facility will be opening in Commerce the planned Mackenzie Tower are all key examples of the Place this summer. investment developers have made in the hospitality As more people begin to embrace a healthy lifestyle, many industry to help bring additional life to the downtown core downtown landlords are beginning to understand the outside of working hours, and additional outside attention importance of providing tenants with an option in their to Edmonton as a city. buildings to stay in shape in the form of tenant-only fitness facilities, showers, and locker rooms.

It will be important to continue to develop these types of amenities to ensure fitness facilities are not forced to operate above capacity to accommodate this growing demand.

As the services and amenities in the core increase in scale, downtown will not only continue to become a better place to live, but also a great place to work. The new sentiment across the market is that the office is more than just a place to work, and should incorporate and welcome other aspects of a balanced lifestyle. The above amenities are just some of the things that have become important to employers whose main goal is to attract and retain top talent by offering employees the ideal working lifestyle. This new mindset alongside the predicted increase in the downtown residential population, will help create a healthy live-work-play ecosystem for decades to come in our core. Photo Credit: Chris Spillios

7 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Impact on the Office Market We are starting to see the impact of the renewed interest in downtown with 2018 being the first year in four years for the Edmonton office market to experience positive absorption. With the majority percentage of that absorption occurring downtown (333,094 SF), this could be a result of the anticipated increase of access to amenities in the core and vibrancy expected to develop in the near future. As a result, downtown is starting to attract new industries, most notably the technology sector due to the industry’s emphasis on employee attraction and retention.

Edmonton is home to one of the largest clusters of Artificial Intelligence (AI) research in Canada, the city has received global attention and investment due to its strengths in this area.

Groups like Google’s DeepMind have set up their first office outside of London in the First & Jasper Building, along with keep and attract employees. As Edmonton’s tech industry Improbable, another London based video-game developer continues to grow, we expect that both new and homegrown who will be establishing their first Canadian location in the groups will continue to cluster closely together downtown, Metals Building. One of Edmonton’s homegrown success similar to what has occurred in other more established stories, BioWare, has also opted to relocate their offices Canadian technology hubs like Toronto and Montreal, from south Edmonton to EPCOR Tower: within metres of bringing new employees, residents and life to the area. Rogers Place. Other tech groups who have located their offices downtown include the Alberta Machine Intelligence In addition to the emerging tech industry downtown, recent Institute (Amii) and Trust Science who have also set up in investment in the downtown core has also made a First & Jasper, along with other local companies such as significant impact on the Edmonton Office Market, sparked AltaML and Granify opting to take space in the 103 Street by the introduction of 1.5 million new square feet of space Tower (formerly Enbridge Place). in the form of the Enbridge Centre, , and Edmonton Tower. While the introduction of these towers increased vacancy throughout the market (especially as this was during a long 3-year period of negative absorption), We're thrilled to be moving these new developments will have a positive long-term into a modern, state-of-the-art effect on the core as a whole, as they provide new amenities and are designed to promote a balanced lifestyle for facility and live in a space that employees of those who look to set up their offices in these empowers and inspires us to do buildings. our best work everyday¹. As a large portion of tenants within the marketplace now operate under the mandate to attract and retain top talent BioWare's General Manager, Casey Hudson in their respective industries, these new AA Class properties and the subsequent flight-to-quality of tenants that followed The increasing number of both international and local tech has forced landlords across the market to companies taking on space in the core are further proof re-evaluate their buildings to determine what other that this industry recognizes the benefits of being located investments (typically in the form of building upgrades and in a re-vitalized downtown as it offers a highly sought-after improved amenity offerings) could be done to cater their lifestyle that helps companies to win the ongoing battle to buildings more to fit a balanced downtown lifestyle.

Source: ¹ Edmonton Journal: 'It's really fun to see': BioWare, DeepMind part of tech surge in downtown Edmonton's office market

8 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International This is Just the Beginning As Edmonton’s heartbeat begins to pulse harder, we must window of tenant-favored market conditions today, while realize that this is just the beginning. The general perception establishing themselves to succeed as a business for years of downtown is starting to evolve to one that is full of to come. Tenants look to retain and attract top talent not energy, excitement, and is slowly becoming a place where only within the city, but from around the world by providing young professionals want to be. The foundation of what them with an affordable, desirable lifestyle right in the can be a vibrant downtown in a great city has been downtown core. Creation of a vibrant downtown core will established, and can be built upon by supporting downtown be vital in helping these companies attract this talent. amenities, investing directly in the tech industry, and Edmonton has begun to prove to the world that it is more making downtown attractive to a broader demographic of than just a city that revolves solely around oil and gas, and people. While there is certainly reason for long-term is shaking off its “Deadmonton” label. optimism, there is still a long way to go for the office market to reach a balanced state. Creating a downtown with a new look and feel will require investment in many sectors supporting the area, but recent As the city continues to grow, and assuming we continue to developments in the city suggest that Edmontonians are up see a trend of positive absorption, tenants are in a unique for the challenge. position where they are able to take advantage of the closing

9 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Downtown Financial District

For the first time in 2018, the Downtown Financial district reported an slight increase in vacancy to 16.4% and negative absorption of 13,586 square feet. Trends & Observations >> DLA Piper's move into Stantec Tower for 25,317 square feet from is recognized this quarter, with a slight expansion of approximately 2,400 square feet.

>> WiPro completed an expansion in 10405 Jasper Ave for 15,144 A square feet on two floors within that building, and Aviva Insurance 1 is taking a full floor at Enbridge Place while HSBC Bank Place undergoes a major revitalization. 3

>> 22,211 square feet will be available in April 2019 as ATB vacates 2 4 a full floor within TELUS House, and an additional 15,745 square feet is coming available within Bell Tower as Katz Group Real Estate vacates.

Notable Lease Notable Sale Construction

Notable Lease Transactions Summary Statistics 2018 Q3 2018 Q4 Trend APPROXIMATE TENANT - BUILDING TYPE SIZE (SF) Office Inventory 12,943,778 12,943,778 1. DLA Piper - Stantec Tower New Lease 25,317

Net Absorption 140,671 (13,586) 2. WiPro - 10405 Jasper Avenue New Lease 15,144

Aviva Insurance - Enbridge Vacancy Rate 16.68% 17.40% 3. New Lease 11,500 Place Canadian Western Bank - 4. Expansion 7,259 Canadian Western Bank Place

District Breakdown Vacancy Rate Absorption (SF) Financial AA 15.79% 20,173

Financial A 19.26% (30,498)

Financial B 13.73% (5,067)

Financial C 25.93% 1,806

Total 17.40% (13,586)

Construction

BUILDING NAME ADDRESS CLASS FLOORS OFFICE AREA (SF) DEVELOPER STATUS / DATE A. Stantec Tower 103 Avenue & 102 Street AA 62 600,000 EAD Joint Venture Open (office portion)

10 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Downtown Government District

The Government District reported a drop in vacancy from 13.46% to 12.44%, with positive absorption of 7,554 square feet; an improvement over previous quarters thanks in part to a large sublease transaction completed in Stantec Technology Centre. Trends & Observations >> Capital Region Housing Corporation leased 47,430 SF within the 1 Stantec Technology Centre while renovations are completed at 3 their permanent location (10232 - 112 Street). >> In the 9925 Building, Alberta Infrastructure leased approximately 2 8,177 square feet of space while Harvard Property Management completed a 6,481 square foot transaction at Energy Square. >> 8,076 square feet of space has come available at the Intact Building on the fourth floor as Intact Insurance downsizes, and an additional 6,240 square feet of space is coming up within the Peace Hills Insurance Building as GFI Systems moves to Beaver House (located in the Financial District).

Notable Lease Notable Sale Construction

Notable Lease Transactions Summary Statistics 2018 Q3 2018 Q4 Trend APPROXIMATE TENANT - BUILDING TYPE SIZE (SF) Office Inventory 5,420,287 5,420,287 Capital Region Housing 1. Corporation - Stantec Sublease 47,430 Technology Centre Net Absorption (2,656) 7,554 Alberta Infrastructure - 9925 2. New Lease 8,177 Building Vacancy Rate 13.46% 12.44% Harvard Property Management 3. New Lease 6,481 - Energy Square

District Breakdown Vacancy Rate Absorption (SF)

Government A 17.57% 7,344

Government B 9.91% (452)

Government C 5.11% 662

Total 12.44% 7,554

Construction

BUILDING NAME ADDRESS CLASS FLOORS OFFICE AREA (SF) DEVELOPER STATUS ------

11 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Southside, South Henday, Whyte Avenue, Eastgate & Sherwood Park Trends & Observations >> The Southside district reported positive absorption, marking a departure from the previous two quarters. Radient Technologies leased a full floor (sublease) within Elm Business Park Building IV, and Telecon completed an expansion within the Commerce South 2 building. >> South Henday reported a slight increase in vacancy over last quarter to 17.95 %, with negative absorption of 4,058 square feet. 1 3 There was a substantial amount of leasing activity completed by way of several small transactions within Ellwood Corner Commercial Building, but any positive absorption created by these transactions were offset by a large pocket of space coming available within The Steppes Office Campus. >> Following the momentum of last quarter, Sherwood Park is once again reporting positive absorption of 11,685 square feet, 2 with vacancy decreasing slighting to 25.75%. Transactions were completed in Broadmoor Place Buildings 4, 7 & 8 this quarter, for a total slightly over 15,000 square feet of positive leasing activity.

Notable Lease Notable Sale Construction

Notable Lease Transactions

APPROXIMATE TENANT - BUILDING TYPE SIZE (SF) Radient Technologies - Elm 1. Sublease 19,000 Building IV Various Tenants - Ellwood Summary 2. New Leases 12,112 South Whyte Sherwood Corner Commercial Building Statistics South Henday Avenue Eastgate Park 3. Telecon - Commerce South 2 Expansion 6,142 Q4 2018

Vacancy 16.31% 17.95% 16.28% 35.36% 25.75%

Net Absorption 24,365 (4,058) 5,399 939 11,685

Q3 2018

Vacancy 17.26% 17.80% 17.93% 36.31% 26.25%

Net Absorption (102,437) 34,358 (1,873) (757) 10,556

Construction

BUILDING NAME ADDRESS CLASS FLOORS OFFICE AREA (SF) DEVELOPER STATUS ------

12 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International West End, 149th Street, 124th Street & 118th Avenue Trends & Observations >> The 124th Street district reported a decrease in vacancy rates to 23.42% this quarter, with positive absorption of 9,228 square feet. The majority of this activity was seen within LeMarchand Mansion, with the completion of several smaller transactions. An additional transaction was completed within the 124th Street East Business Park for 1,622 square feet

>> 118th Avenue reported both an increase in vacancy and negative A absorption again this quarter, although at a slower rate than seen in Q3 2018. This is largely due a large pocket of space that came available within Mira Health Centre for 5,135 square feet as a physiotherapy clinic vacates. >> Activity within both the West End and 149th Street districts remained relatively flat this quarter, with both districts reporting a slight increase in both vacancy and negative absorption.

Notable Lease Notable Sale Construction

Summary Statistics West End 149th Street 124th Street 118th Avenue Q4 2018

Vacancy 12.91% 15.67% 23.42% 12.49%

Net Absorption (520) (326) 9,228 (6,019)

Q3 2018

Vacancy 12.93% 15.63% 24.49% 11.60%

Net Absorption 1,732 306 6,756 (15,103)

Construction

BUILDING NAME ADDRESS CLASS FLOORS OFFICE AREA (SF) DEVELOPER STATUS / DATE A. West Block 142 Street & Stony Plain Road A 3 53,453 Beaverbrook Developments Under construction

13 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International Downtown (Financial & Government) Historical Performance

FINANCIAL AA A B C OVERALL

Inventory (SF) 4,155,235 6,477,598 2,056,401 254,544 12,943,778

Occupied Space (SF) 3,498,953 5,229,946 1,773,978 188,540 10,691,417

Direct Available (SF) 621,457 1,077,063 282,423 66,004 2,046,947

Sublease Available (SF) 34,825 170,589 - - 205,414

Vacancy Rate 15.79% 19.26% 13.73% 26.64% 16.68%

Average Rental Rate $25.00 - $40.00 $18.00 - $26.00 $16.00 - $20.00 $10.00 - $16.00 -

Average Operating Costs $17.00 - $21.00 $17.00 - $21.00 $13.00 - $19.00 $11.00 - $16.00 -

Top Rental Rate $40.00 $25.00 $20.00 $21.00 -

Downtown Financial Historical Performance 500 30

25 400 20 300 15

200 10

100 5

0 0

Absorption SF) (Thousands Absorption -5 Vacancy (%) / Net Asking Rent ($) -100 -10

-200 -15

Net Absorption (SF) Current Quarter Average Asking Net Rent Vacancy Rate

GOVERNMENT A B C OVERALL

Inventory (SF) 1,977,236 3,139,867 303,184 5,420,287

Occupied Space (SF) 1,629,813 2,828,768 287,685 4,746,266

Direct Available (SF) 89,289 311,099 15,499 414,624

Sublease Available (SF) 258,134 1,263 - 259,397

Vacancy Rate 17.57% 9.91% 5.11% 12.44%

Average Rental Rate $18 - $25 $14 - $20 $12 - $16 -

Average Operating Costs $14.00 - $17.00 $13.00 - $19.00 $11.00 - $15.00 -

Top Rental Rate $25.00 $21.00 $16.00 -

Downtown Government Historical Performance

150 25

100 20

50 15

0 10 -50 5 -100 0 -150

Absorption SF) (Thousands Absorption -5 -200 Vacancy (%) / Net Asking Rent ($)

-250 -10

-300 -15

Net Absorption (SF) Current Quarter Average Asking Net Rent Vacancy Rate

14 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International GLOSSARY

Weighted Average Asking Net Rent: The dollar amount requested by landlords for direct available space, not including subleases, expressed in dollars per square foot per year.

Availability: The amount of available space and available space to be delivered to the market within six months, divided by the market’s inventory base including those future deliveries. Available space is space that is available for lease, and may or may not be vacant.

Net Absorption: The net change in physically occupied space between the current measurement period and the last measurement period. It can be either positive or negative.

Gross Positive Absorption: The total increase in occupied space between the current measurement period and the last measurement period while ignoring space vacated and new inventory added.

Vacancy: The amount of vacant space divided by the building inventory base. Vacant space is physically unoccupied, and it may or may not be available for lease or sublease. This is physical vacancy. It is not determined whether a tenant is paying rent on the space.

15 Research & Forecast Report | Fourth Quarter 2018 | Edmonton Office Market | Colliers International MARKET CONTACT: 413 offices in John Frederickson Regional Vice President | Prairie Region 69 countries on +1 780 969 3030 [email protected] 6 continents EDMONTON OFFICE TEAM: United States: 145 Ian Bradley | Executive Vice President Canada: 28 Phil Goh | Senior Vice President Kevin Petterson | Senior Vice President Latin America: 23 Fahad Shaikh, CPA, CA | Vice President Asia Pacific: 86 Taylor Riar | Associate Audrey Powell | Client Project Coordinator EMEA: 131 Brandon Wu | Licensed Sales Assistant Shelby Kostyshen | Sales Assistant

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