archited
Senior Member
The argument should not be about high-rise vs. mid-rise vs. low-rise; it should be about the quality of Architecture.
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Edmonton Real Estate Market
- Thread starter Daveography
- Start date
Tropical
Active Member
I was under the impression that this thread was about real estate...
IanO
Superstar
policyenthusiast
Senior Member
Wow, almost half in Toronto. I imagine there's a heavy cultural component here, but that doesn't exactly stoke optimism.
northlands
Senior Member
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The fact that it's nearly 1/3 of all 25-29 year olds in Canada is a crazy stat alone.
For most of these listed cities as well, a good portion of those who don't live with their parents are likely those who moved there from elsewhere so they don't have the option to live with parents. If you looked at 25-29 year olds in Vancouver whose parents also live in Vancouver, the number is probably same if not higher than TO.
For most of these listed cities as well, a good portion of those who don't live with their parents are likely those who moved there from elsewhere so they don't have the option to live with parents. If you looked at 25-29 year olds in Vancouver whose parents also live in Vancouver, the number is probably same if not higher than TO.
IanO
Superstar
It's also one of the reasons our condo market is abysmal. When I was 25-29, almost all of my friends had purchased a condo as their first step on the proverbial real estate ladder.
policyenthusiast
Senior Member
There are still options for people to own condos for less than rent costs all around the city, but there's not much incentive to do so with how soft the rental market is.
thommyjo
Senior Member
I also know that in the GTA, a lot of people move out for school, so that jumps their costs a lot, so then they move back in with parents after. (Live in Whitby, go to Guelph/Cambridge/waterloo for school sorta idea)
Whereas in Edmonton, way more locals stay local and save money living at home during university, which enables them to move out faster after graduation.
bodsbods9090
Senior Member
Not just GTA, all of Ontario it seems. You going away for your post secondary seems to be the norm for the province.
Oilers99
Active Member
this is not just a cost thing, changing demographics from different cultures contributes to this.
AntonK
Active Member
I don’t like sprawl, and I wish our downtown was more vibrant, but at the same time, Edmonton’s affordability works for me personally. With a wife, two kids and a dog, my quality of life is better with a house or townhome than would be with an apartment.
At the same time I’m envious of the downtowns in places like Calgary or Ottawa, but I’m not envious of their real estate prices.
At the same time I’m envious of the downtowns in places like Calgary or Ottawa, but I’m not envious of their real estate prices.
IanO
Superstar
^sure and that makes Edmonton attractive for some, but also at the expense of more central development due to cheap housing.
Tropical
Active Member
I think that was the point being made.
Much like Return to Office mandates, I refuse to advocate against people's quality of life in favor of the street vibrancy that comes from high rents and downtown cubicle farms.
AntonK
Active Member
Look, I’m not disagreeing, I’m saying it’s the conundrum and I’m using my own personal situation as an example.
I can’t speak for everybody in Edmonton, but I don’t doubt there are many in the same situation. They’re pulled in by the appeal of cheap housing and the ability to have a family and a single-family home but at the same time complain about the lack of vibrancy downtown.
David A
Senior Member
Yes, I agree suburban affordability does draw some people away from more central areas, but this is only part of the story.
If we did a better job dealing with the various serious issues or problems related to our downtown: safety, cleanliness, attracting more corporate jobs, and more retail, it would also be more attractive for people to live there and be more vibrant.