Oilers99
Active Member
the $12.5M purchase price is not a real purchase price for this parcel.
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Edmonton Real Estate Market
- Thread starter Daveography
- Start date
What do you figure it would sell for?
ChazYEG
Senior Member
Back-of-the-napkin, based on real estate deals I've been seeing, about half of that would already be too much, but still reasonable, if we're thinking about just the land. If we consider the buildings as somewhat useful, $8~10M.
Oilers99
Active Member
I would say less than that. As mentioned nearby Strathcona lots sell for $375-$450k. Even on the high side and a bonus for the assembly of let's say $550k/lot that is still only $5.5M.
IanO
Superstar
I don't disagree that this price is high, but:
-it's fully assembled
-it's a view lot
-it's a highly unique redevelopment opportunity
-it has very little in terms of comps or competition
Factor that all in and you could get a 2x from this.
-it's fully assembled
-it's a view lot
-it's a highly unique redevelopment opportunity
-it has very little in terms of comps or competition
Factor that all in and you could get a 2x from this.
IanO
Superstar
Trudeau just announced a 'two year ban on foreign buyers' (for housing) to get more Canadians into homes. Curious to see if this has any meaningful impacts, can be skirted and if it would hold up in court.
ChazYEG
Senior Member
- It was announced in the budget
- It will be fairly pointless for cities like Edmonton and Calgary, should do something, albeit not very significant, for Vancouver and Toronto.
- Canada is under absolutely no obligation to let foreigners buy property in the country. In fact, most countries have much stricter laws about foreign property ownership than Canada (ban included).
IanO
Superstar
^Correct, but he shared it in the more formal announcement today.
-Agreed
-As in 3rd party ways to circumvent this and how that would be dealt with in the courts.
-Agreed
-As in 3rd party ways to circumvent this and how that would be dealt with in the courts.
EdmTrekker
Senior Member
They should seize all Russian owned properties without compensation and auction them off.
IanO
Superstar
Will this ban impact commercial (visitor accommodation) or recreational?
If not, this could redirect those investors into other very heated markets.
If not, this could redirect those investors into other very heated markets.
archited
Senior Member
^^^^ Or into other markets that are not Vancouver and Toronto -- e.g. Edmonton & Calgary.
Gronk!
Senior Member
Globe editorial: You’ll never guess which city has the answer to Canada’s housing crisis
Amidst Canada’s housing crisis, Edmonton is an example of what’s possible – and a warning of how long change can take
www.theglobeandmail.com
KyleBlanchett
Active Member
U.S.-based outdoor specialty retailer L.L.Bean has announced that it will open five more Canadian stores this year as the company continues with its Canadian expansion into new markets. Each of the five stores will be firsts for the Moncton, Kitchener, Kingston, Edmonton and Niagara Falls regions.
retail-insider.com
- Edmonton, Alberta – Opening Fall 2022
L.L.Bean Announces Plans to Open 5 More Canadian Stores
By the end of the year the retailer will have 14 stores in Canada after opening the first location a few months before the start of the pandemic.
retail-insider.com
Avenuer
Senior Member
I wonder if it'll be mall-based or a standalone box store?U.S.-based outdoor specialty retailer L.L.Bean has announced that it will open five more Canadian stores this year as the company continues with its Canadian expansion into new markets. Each of the five stores will be firsts for the Moncton, Kitchener, Kingston, Edmonton and Niagara Falls regions.
- Edmonton, Alberta – Opening Fall 2022
L.L.Bean Announces Plans to Open 5 More Canadian Stores
By the end of the year the retailer will have 14 stores in Canada after opening the first location a few months before the start of the pandemic.
archited
Senior Member
Stand Alone -- I like guessing?