Edmonton Real Estate Market

[IanO]

For comparison

 

[Avenuer]

Good to see our market isn't over inflated like Calgary's...yet. I feel that will change next year, especially once interest rates start ticking down. There is a marked drop in Downtown sales in Calgary, quite a bit actually between Q2 and Q3.

 

[IanO]

Q3 traditionally tends to trail off versus Q1 and Q2 in most markets.

 

[TAS]

....which the City is going to apparently use for general revenue (pay retroactively for the zoning renewal), my guess is to lower tax increase this year.

@Avenuer posted we would be getting $175M federal housing grant. Feds were announcing grants every second day there for a while.

I think Nov. 30 was mentioned for the announcement date here. I don't think it happened?

Any idea when that is coming?

 

[Avenuer]

lol the Feds pushed back the announcement for some reason, they seem to always do that lately. It is coming tho

 

[archited]

It might well be aligned with some other program and a combined announcement since Edmonton is one bright spot for Western Canadian initiatives for the Liberal government.

 

[TAS]

This would be another positive move on housing by the federaL government expected to be announced tomorrow - as long as it's multi unit housing as option, too. Or just seeing smaller lots created with smaller houses like we see in McCauley for example - lots of half lots there..

Liberals to revive ‘war-time housing’ blueprints in bid to speed up builds - National | Globalnews.ca

The Liberals plan on restarting a war-time housing program in their latest attempt to ease the high cost of housing across the country.

globalnews.ca

 

[TAS]

Interesting choice of cover photo for this Oliver condo listing.

# 503 10028 119 Street Nw, Edmonton Property Listing: MLS® #E4367648

Step into your future with this architecturally brilliant high rise located in the vibrant heart of Oliver! Boasting 1089 sq ft of living space, this home radiates a loft-inspired ambiance with its 9ft ceilings and expansive floor-to-ceiling windows. The layout is an ideal two bedrooms and two...

www.edmontonrealestate.pro

 

[IanO]

Indeed.

$348/sqft for Illuminada. Damn.

 

[IanO]

 

[IanO]

Zonda Urban

 

[soupcrate]

View attachment 526934

Is that showing residential vacancy downtown? 11.8% seems awfully high.

 

[MacLac]

Is that showing residential vacancy downtown? 11.8% seems awfully high.

Don’t even look at this Fox News type of literature…..apparently YYC vacancy rate is only 3% from a high of 35%! Huh?!

 

[IanO]

This is residential, not commercial...

 

[Kosy123]

Is that showing residential vacancy downtown? 11.8% seems awfully high.

Yeah and this is in contrast to what the CoE had with that residential/office conversion grant report along with that one snippet from Urban Affairs stating that the double digit vacancy went down to 5%.

Like genuinely are we missing something here? Because from some anecdotal experience, finding a rental in the core is starting to be a bit more difficult in comparison to last year.