RECA regulates commercial real estate licensees, ensuring they have the specific licence required to facilitate transactions, leases, and property management in this sector. And we’re here to make sure they meet their professional standards so you are protected.
In Alberta, a commercial property is generally defined as real estate that is used for business purposes rather than residential living. Commercial properties typically include:
Office Buildings – Spaces leased or owned for business operations.
Retail Properties – Shopping centers, storefronts, and malls.
Industrial Properties – Warehouses, manufacturing plants, and distribution centers.
Multi-Family Residential (4+ Units) – Apartment buildings and condominiums with four or more units.
Hospitality & Special Use – Hotels, motels, and other specialized business properties.
Vacant Land for Commercial Use – Land designated for future commercial development.
Agriculture – Land used for farming, ranching, or other commercial activity.
Investing in commercial real estate is a significant decision that requires careful planning and industry knowledge.
Whether you’re purchasing office space, retail property, agricultural land, or an industrial site, it’s important you understand zoning laws, financing options, and market conditions is essential. These fall outside RECA’s mandate, but will impact your decision. This section provides key insights on property types, due diligence, and legal considerations—along with essential resources—to help you make a confident and informed investment.
Here are some tips to discuss with your commercial real estate licensee:
- Zoning & Land Use Regulations & Restrictions
- Location & Accessibility
- Property Condition & Compliance
- Financing & Costs Beyond Purchase Price
- Growth Potential & Investment Value
A licenced commercial real estate professional is trained and able to walk you through each of these steps. And we’re here to make sure you’re protected throughout your transactions.