Edmonton Real Estate Market

[inclusion]

The plan is to bring it down to manageable levels now, to alleviate current pressures and also give time to rework the whole immigration program (focus on attracting more skilled people in areas the country needs). If they will act according to that plan remains to be seen, however,

Rock and a hard place they are in. Immigration was a significant contributor to GDP growth, driven largely by sheer numbers, and insulated us from some of the effects of Trump's tariff changes. Contraction has already begun, but it could get painful along with labour shortages. The construction industry is probably paying close attention to population growth, or lack thereof. While there is still a lot of catching up to do, I won't be surprised if we end up in a position of oversupply and rental rate contraction, given the number of projects currently in the build phase. It will be interesting to see where things go from here and where we stand in a few years, particularly leading up to the 2028 US election.

 

[IanO]

 

[Offworld]

^ On the plus side, CREA still uses VECTOM and hasn't reduced the universe to MTV like many other national/multinational real estate companies have.