Edmonton Real Estate Market

[archited]

^^^^ You forgot to mention "winter" but maybe that's just as well as the Gods of Nature are trying to cancel it anyway.

 

[IanO]

Prohibition on the Purchase of Residential Property by Non-Canadians Act Loi sur l’interdiction d’achat d’immeubles r sidentiels par des non-Canadiens
AMENDMENTS NOT IN FORCE MODIFICATIONS NON EN VIGUEUR
Current to August 28, 2022 5   jour au 28 ao t 2022
AMENDMENTS NOT IN FORCE MODIFICATIONS NON EN
VIGUEUR
— 2022, c. 10, s. 236 — 2022, ch. 10, ar t . 236
Repeal Abrogation
236 The Prohibition on the Purchase of Residential
Property by Non-Canadians Act is repealed.
236 La Loi sur l’interdiction d’achat d’immeubles
r sidentiels par des non-Canadiens est
abrog e.

Prohibition on the Purchase of Residential Property by Non-Canadians Act

Federal laws of Canada

laws-lois.justice.gc.ca

 

[IanO]

This is trending the right way for other spinoffs and economic impacts.

---

Jim McKinnon
• 1st
Partner - AICRE - 780.719.8183 - ALBERTA INDUSTRIAL & COMMERCIAL REAL ESTATE
3d •EDMONTON INDUSTRIAL VACANCY UNDER 4% - SEPT 2022:
Vacancy has dropped from almost 7% to now in the high 3% range (over the past 2 years). Expect lease rates to increase into 2023 as availability of space reduces (mid to low 3% range by mid 2023).

https://www.linkedin.com/in/jimdmck...age:d_flagship3_feed;LP9JYuKbTiGMiZPJQFxRvA==

 

[occidentalcapital]

Edmonton Seeing Retail Revival as Vacancies Plummet and Consumers Return: Avison Young

Edmonton's demographics and market dynamics are attractive to US retailers and foodservice businesses looking to expand, and the city has an advantage over Calgary for several reasons according to an expert.

retail-insider.com

 

[IanO]

Love how it shows ECC and 102 Avenue in this article... both solidifying this retail resurgence.

 

[IanO]

https://www.linkedin.com/in/nicholas-hrebien-41386285?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABIaJc8BmsNk_Xg4aZhjHhoqX0nr8FuMHNA&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BpfqZ3ZgsSdKmNGCH%2FzFqLA%3D%3D

 

[IanO]

It's not a trend, it's a movement.

Edmonton Infills - Business In Edmonton

Spiking mortgage rates, the ‘hot market’ trends, post-pandemic recovery, affordability, the increasing popularity of infills and the high and lows of real estate, continue to make fort an interesting but bumpy ride for the Edmonton real estate market. “Looking back at the start of the global...

businessinedmonton.com

 

[IanO]

https://www.linkedin.com/in/jackson-cornelius-82b13b86?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABIsbeMB31HHNCwL9GyyCtWPdd1Tv9olmlM&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BetpSmxoRQjWSwMWnlUFA6g%3D%3D

 

[IanO]

Housing Supply Report

Our Housing Supply Report provides insights into housing supply in Canada’s major cities and urban areas. Use the data and analysis to inform decisions around improving housing affordability.

www.cmhc-schl.gc.ca

 

[IanO]

https://www.linkedin.com/in/nicholas-hrebien-41386285?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABIaJc8BmsNk_Xg4aZhjHhoqX0nr8FuMHNA&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3BS4GpkZb%2FREiRjKQdrXJBbw%3D%3D

 

[IanO]

Did you know one of The City Plan’s long-term targets is to add 50 per cent of new units through infill citywide? Check out this new interactive map that helps visualize and track residential infill patterns in the city’s redeveloping area.

ArcGIS Dashboards

ArcGIS Dashboards

gis.edmonton.ca

 

[EdmTrekker]

Toronto Downtown as per wiki is 16.6 km2 and 238,000 people or 14,337.35 persons per km2
https://en.wikipedia.org/wiki/Downtown_Toronto

Montreal Downtown as per wiki is 13.2 km2 and 88,000 people or 6,666 persons per km2.
https://en.wikipedia.org/wiki/Downtown_Montreal

Edmonton Downtown as per Wiki is 11.2 km2 and 57,000 people or 5100 persons per km2
https://en.wikipedia.org/wiki/Downtown_Edmonton

Calgary Downtown as per wiki is 6.0 km2 and 39,000 people or 6500 persons per km2
https://en.wikipedia.org/wiki/Downtown_Calgary

Vancouver Downtown as per wiki is 3.7 km2 and 62,000 people or 16758 persons per km2
https://en.wikipedia.org/wiki/Downtown_Vancouver
So how is "downtown" determined by StatsCan and/or how have the Wiki editors used the available information? Here are the facts: https://www150.statcan.gc.ca/n1/pub/...021001-eng.htm

 

[IanO]

I question the Montreal numbers given the recent additions/growth, but perhaps given the large swaths of uses it skews it?

More on MTL

Montréal's downtown grew at the second-fastest pace nationally from 2016 to 2021, while its distant suburb is also rising fast

none

www150.statcan.gc.ca

 

[EdmTrekker]

I question the Montreal numbers given the recent additions/growth, but perhaps given the large swaths of uses it skews it?

More on MTL

Montréal's downtown grew at the second-fastest pace nationally from 2016 to 2021, while its distant suburb is also rising fast

none

www150.statcan.gc.ca

Well - here is the map for Montreal. Area pretty large and larger than Edmonton. And the StatsCan numbers are what they are.

https://www150.statcan.gc.ca/n1/en/pub/91f0015m/2021001/m-c/m-c-montreal-eng.pdf?st=xKLpPCS_

 

[Stevey_G]

I haven’t looked at the other citie, but the stats can numbers don’t jive with Edmontons municipal census numbers. If I recall, our downtown population is around 14-15000. Which makes me suspect that stats can is arbitrarily identifying populations by a different measure rather than the more correct usage of municipal wards.

If our downtown had 50,000 localized residents the businesses in our immediate vicinity would be rocking and rolling.