Recent content by Oilers99

CMHC continually makes negative adjustments on the MLI product...

Conventional financing options are becoming more attractive from various lenders for well-heeled borrowers v. CMHC MLI. There are term sheets now coming out with 85% leverage on a conventional loan without the associated CMHC insurance premiums and affordability requirements. This will start to...

Decided to close up, as per my note above they weren’t making enough return contrary to what everyone thinks about greenfield development, it is not easy to make money. They did not go bankrupt or anything but decided not to continue and finished out their inventory.

Casia has shared ownership with Synergy. Synergy will build whatever Casia develops.

Trust me when I say this, developer margin is VERY thin in Edmonton and when margins are that thin it makes them difficult to finance.

if developers don't make money on projects, projects stop fast.

Having rents lower than Winnipeg and near Regina is not a good thing. Affordability is not the only thing the city should be stressing. Thanks.

why would these other cities do a cost-sharing agreement? that would never happen.

The city is doing the site servicing, not Cantiro.

The foundation will raise the funds, the board is comprised of people who know what they are doing and a lot of money has already been earmarked by major donors.

There is additional servicing capacity along 122 street as well.

Despite strong population growth, Edmonton is a tough city for developers to make money and have projects pencil. This is not limited to high rise but extends to SFH in greenfield neighborhoods. Edmonton is a highly competitive market and margins are thin.

Well the University of Alberta for starters…

The province did not solely decide the site for this location. Not sure why that is so hard to understand. Various stakeholders were involved in the decision making process.

I will go with the people that actually have spent years making this project work rather than a bunch of internet posters screaming about ETS shuttles and the LRT on a $3B hospital.