Blatchford

[chrisvazquez7]

This is the Métis Housing Development. I didn’t know it was going to have retail.

 

[CplKlinger]

Some updates over the last month or so:

1. Two or three weeks ago, shorring at the EcoDen site was seemingly completed. There's been no activity on-site since then (though, there's still been one or two people in the site office every day), so I'm guessing they're getting everything in order for the next building permit.

2. I noticed some sort of work taking place in the next stage of development, and when I asked about it in a recent post regarding utility work, Blatchford said that "shallow utilities are still able to be installed in winter." I'm guessing that's what I saw—especially since I've seen some M.A.P. pickups driving around the neighbourhood throughout the winter.

3. The Streetside townhomes along Airport Road have a lot of their cladding now.

 

[Yeggy]

Unfortunately our financial frameworks for housing (both locally and nationally) overwhelmingly support purpose-built rentals. It's good that we're boosting vacancy and keeping shelter costs stable, but without market housing supply young folks & families will still be at the whim of price volatility. At least with ownership, that volatility directly translates to the equity in the home.

The bottom rung of the housing ladder keeps getting wider, but if we don't get going on attainable starter homes, the only owners in Canada will be corporations and government.

With affordable rent and the opportunity to invest, especially early in life, can be more advantageous than ownsrship.

The money put into my house would of done way better in the market.

 

[David A]

With affordable rent and the opportunity to invest, especially early in life, can be more advantageous than ownsrship.

The money put into my house would of done way better in the market.

There are cycles in the financial markets and in housing markets too. Edmonton's housing market hasn't been that great over the last decade so there is a pervasive sense of no rush here, but I feel those counting on that to continue could be surprised sometime in the not so distant future. It can happen quickly without much warning, like when prices jumped here in the early 2000's. Those in the GTA that waited too long found themselves shut out.