David A
Senior Member
Not yet, but once that excess supply is absorbed people may be in for more of a shock if they keep coming here.
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Edmonton Real Estate Market
- Thread starter Daveography
- Start date
whattheheck
New Member
All these people moving here and yet, despite the push for TOD's, living in the DT etc, the bulk of that growth remains in the suburban communities. What does that tells ya?!
David A
Senior Member
Houses in Edmonton are really cheap compared to elsewhere.
Barnaby
Active Member
It's cheaper
IanO
Superstar
It's cheaper and our urban core (principally the Downtown) is simply not there in terms of quality of experience, attractiveness, housing options, transit and retail/hipness.
_urbanite
Senior Member
Many people moving here from dense metro areas in BC and Ontario, are moving here for the opportunity to have a house with a yard and garage and to start a family, which isn't a realistic option for them there
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David A
Senior Member
This article is a bit more about Calgary, but is an insightful comparison between a number of US and Canadian cities, including mentioning Edmonton.
I also find the Alberta - Texas comparisons interesting, particularly the mention of the success Texas has had with diversifying its economy.
I also find the Alberta - Texas comparisons interesting, particularly the mention of the success Texas has had with diversifying its economy.
Calgary homes similar in price to Dallas
IanO
Superstar
thommyjo
Senior Member
We’re looking pretty good comparatively!
TAS
Senior Member
60% of all new office construction in Canada is happening in Vancouver, where price/sqft is also the highest.
And then about 35% is Toronto.
David A
Senior Member
Yes, the asking rent here is actually quite in line with other cities of a similar size although the vacancy rate is slightly above the national average by about 1.4%.
Not much significant new construction in most places, except Vancouver which has always had vacancy on the lower side so probably needs it and TO which probably thought at the time it was needed, but maybe now not.
IanO
Superstar
David A
Senior Member
It strikes me how the amount of office space in Vancouver is only about the same as Calgary which is half its size and it is considerably behind the bigger eastern cities.
And a lot of IT demand for Vancouver in recent years. So I think it was out of whack with the size of the market and is now being corrected.
And a lot of IT demand for Vancouver in recent years. So I think it was out of whack with the size of the market and is now being corrected.
Kosy123
Active Member
Colliers has similar office vacancy numbers. Interestingly enough, they have downtown vacancy below 20%
