Edmonton Real Estate Market

[wormwood]

Anyone know what's causing the backlog? I remember it went down because of a system transition a few years back, but I don't know what could have changes besides a demand spike.

Yes that was part of it, but mostly insufficient staffing plus a high error rate on applications which slows the process down.

 

[IanO]

ArcGIS Dashboards

ArcGIS Dashboards

gis.edmonton.ca

 

[Kosy123]

The fact we're reaching 50% and above already for some months this year when it comes to unit growth in redeveloping areas is amazing, especially since it's only year 2 of the zoning bylaw reform.

 

[policyenthusiast]

The fact we're reaching 50% and above already for some months this year when it comes to unit growth in redeveloping areas is amazing, especially since it's only year 2 of the zoning bylaw reform.

We fortunately did not elect a regressive council - shows developers that they can expect continued stability. There are some slight obstacles like design standards in the pipeline, but we're still one of (if not the single) most attractive markets to build in. Calgary deliberating a full ZBL repeal will draw even more business up here.

 

[MacLac]

More retail to 34St and the Whitemud…do we rally need more there?

 

[MacLac]

Our own version of Lombard Street?

 

[Romanov]

Graphic comparing existing available stock and % of demand for available stock for large bay industrial space.

 

[Platinum107]

I wish Edmonton had a developer like Truman. They're doing so many high-quality projects in Calgary, and it would be great if a local big developer here could raise the bar a little in terms of quality architecture and design.

 

[policyenthusiast]

Government of Ontario has taken control of RECO in response to the iPro scandal. With the Drinkwater case and others in AB, I wouldn't be surprised if the Premier was eyeing taking control of RECA.

 

[YEG imagineer]

What is RECO and RECA

 

[Romanov]

Real Estate Council

 

[policyenthusiast]

What is RECO and RECA

Sorry, forgot that the field has entirely too many acronyms. the Real Estate Council of Ontario and the Real Estate Council of Alberta. They are (were) industry-led arms-length regulators operating on behalf of the province to ensure consumer protections in real estate transactions.

They're somewhat bad at their jobs, but it's an important niche.

 

[IanO]

 

[Offworld]

Nice company you've got there, Edmonton.

 

[ChazYEG]

Nice company you've got there, Edmonton.

I am puzzled... Are you implying this is somehow a bad indicator simply because we're at the same cost range as Regina and Winnipeg?