Edmonton Real Estate Market

[archited]

^ This (so far) only applies to Toronto and Vancouver. Both of these cities, like NYC, have foreign investors who pay oversized sums for so-called "prestige" apartments. The downside of this phenomenon is that housing prices are artificially raised as an outcome. This has not been a problem for Edmonton to date.

 

[kcantor]

How does that work for people trying to sell a vacant unit out of curiosity? Are there any caveats for single unit owners who lived there a certain amount of years and have decided to move and thus the unit is vacant?

I know very little about this stuff.

Vancouver's tax does not grant an exemption for an "ex" principal residence. Once it has been vacant for 180 days, the tax "kicks in" even if the property is listed for sale regardlss of whether it was a principal residence or a rental. Once sold, the tax won't apply to the purchaser as of the date of sale (they get a new 180 day clock) and the vendor only pays up to the date of the sale. The only ongoing exemption I'm aware of is if the property is actively undergoing "major renovations" (planned renovations don't count. To qualify, all permits must have been issued, work must be underway, and the scope of the work must be such that the property is uninhabitable.

 

[policyenthusiast]

Small Scale Housing

Bylaw #​ Nbhd​  Rezoning from:​ Rezoning to:​  Vote​ District Plan Designation ​  21320​ Belvedere​ RS​ RSM h14​ 13-0, Passed​ 149 Street Secondary Corridor​  21306​ Strathcona​  RS​  RSM h12​  13-0, Passed​  Urban Mix​ 21304​ Westmount​ DC2.1126​ RSM h12​ 12-1, Passed (Principe Opposed)​ Stony Plain Road Primary Corridor​ 21305​ Highlands​ RS​ RSM h12​ 10-3, Passed (Salvador, Principe, and Clarke Opposed)​ Urban Mix​ 21311​ Mayfield​ RS​ RSM h12​ 0-13, Failed (see below)​ Urban Mix​ 21308​ Forest Heights​ RS​ RSM h12​ 12-1, Passed (Principe Opposed)​ Local Node​

Medium and Large Scale Housing

Bylaw #​ Nbhd​  Rezoning from:​ Rezoning to:​  Vote​ District Plan Designation ​  21310​ Inglewood​ MU h16 f3.5 cf​ RM h16​ 13-0, Passed​ 118 Avenue Primary Corridor​  21330​ Mayfield​  RS​ RM h16​  13-0, Passed​ 156 Street Secondary Corridor​  21321​  Delwood​ CN, RS​ MU h16 f2.0​ 13-0, Passed​  137 Avenue Primary Corridor​ 21307​ Boyle Street​ IM​ MU h23 f3.0​ 13-0, Passed​ Stadium District Node​ 21334​ Calder​ RS​ MUN​ 13-0, Passed​ Local Node​ 21309​ Allendale​ RS​ RM h16​ 13-0, Passed​ Urban Mix ​

Employment and Industrial

Bylaw #​ Nbhd​  Rezoning from:​ Rezoning to:​  Vote​ District Plan Designation ​  21335​ McArthur's Industrial​ AG​ BE​ 13-0, Passed​ Urban Mix​