- Aug 13, 2020
- Reaction score
Alberta is calling.
I understand why Edmonton is below most of those places on the list but not sure I follow why it would be cheaper than Winnipeg. Edmonton is larger and has seen faster population growth recently. That one I'm not sure makes sense to me.
This is why development is so difficult in Edmonton. Many on this site think it is a very simple exercise, but it is not. Rental rates have barely moved year over year in comparison to Calgary. Pro formas that build in rental growth are faulty and they are a typical part of underwriting in other markets.