Artika | ?m | 6s | Cove Properties | Brian Allsopp

What do you think of this project?


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    21
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Don't know if it was known yet, but this one is going to be rental as per their website

Artika Apartments
 
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Le Artika
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I wish they had kept the original colour palette from the renderings. I still can’t believe how much rent is in these new buildings.

1 bedrooms starting at $1325 plus $100 for parking

but for context, in 2013 I was paying $1725 per month for a 1 bedroom in a semi comparable downtown adjacent location in Toronto... and in 2016, 1400€ ($2100?) for a 1 bedroom on an LRT line in a location similar to century park here.

So, Edmonton is still super affordable by Canada/world standards... but just surprising to me. I wonder how occupancy has been in all these new buildings. I heard that “The Oliver” has a bunch on Airbnb, so maybe there is quite a bit of vacancy?
 

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