News   Apr 03, 2020
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Edmonton Real Estate Market

Housing Action Plan money coming today... ~$176 mil or something.

Apparently no provincial representatives expected to be at the announcement.
But as someone stated on here, isn't Edmonton just going to use this on paying something down? I can't recall what a poster said but I swear they said it won't be used for what it's intended for. Think it was @Greenspace.

(My apologies if it wasn't you Greenspace)
 
They want to retroactively offset some of the substantial costs of their new zoning/LUB bylaw work, yes.

Approved participants can use incentive funding for investments in:

  • Housing Accelerator Fund action plans
  • affordable housing
  • housing-related infrastructure
  • community-related infrastructure that supports housing
The framework for determining the amount of incentive funding includes base funding, top-up funding and an affordable housing bonus.
 
Not they they really need to be given that it is a Federal to Muni announcement, but alignment and commitment would be nice.
The province and the Feds really don't see eye to eye on a lot of matters and there's a bit of hostility on both sides. Doesn't really surprise me that they're not putting a face on for the public and I actually kinda appreciate that.
 
Announcement: $175m
http://www.pm.gc.ca/en/news/news-rel...fford-edmonton

This compares with other cities by what has been released todate.
https://storeys.com/cmhc-housing-acc...-fund-tracker/
Around 30% less than for Calgary, unless there is some separate funding for St. Albert, Sherwood Park, etc... However, only slightly less than for Ottawa.

I don't know if the long delay is an indication of where we rank in the Feds priorities, or something local that was holding things up. I would be interested to know what it was.
 
Around 30% less than for Calgary, unless there is some separate funding for St. Albert, Sherwood Park, etc... However, only slightly less than for Ottawa.

I don't know if the long delay is an indication of where we rank in the Feds priorities, or something local that was holding things up. I would be interested to know what it was.

I think we need to wait and see if there is more for Alberta. As of today of the $4B in the program, the total amount distributed To Date is $3.406B leaving about $600M remaining. That and there is the possibility of increased funding if there is the will from the Government and the House.

Announced To Date: Communities in Alberta
  • Amount: $13.8M Towns of Banff, Sylvan Lake, Bow Island, Westlock, Smoky Lake, Duchess
  • Amount: $228M City of Calgary
  • Amount: $175M City of Edmonton
Great to see we have the support from the Federal Government but fuck all from UCP. Quebec Government matched the Feds to create a more robust effective program. Unfortunately we have worm tongue David Parker chasing scared rabbit Smith.

2024 World Review:
City of Toronto 2,928,879 received $471M per capita is $160.81
City of Edmonton 1,163,271 received $175M per capita $150.43
City of Calgary 1,506,479 received $228M per capita $151.34

Pretty equitable as far as I am concerned - and the kicker is we have lower land and construction costs than Calgary or Toronto so we might be building more with the funding. Someone else can take a deep dive - but the PM announcement stated " The Prime Minister, Justin Trudeau, today announced that the federal government has reached an agreement with the City of Edmonton, Alberta, to fast-track over 5,200 new housing units over the next three years." The Calgary announcement stated "The $228M will go towards seven initiatives fast tracking over 6,800 units of housing over the next three years"
 
B&A

Project Approval Spotlight! 🎉 We're thrilled to announce that the Canada Lands Company Village at Griesbach Northeast Corner Plan received unanimous approval from the Edmonton City Council this week! 🏙️ A BIG congratulations to Kairi P. and the Canada Lands Company / Société Immobilière du Canada team for all your hard work and leadership!

This project marks a pivotal moment in the evolution of this vibrant urban village, paving the way for the dynamic and diverse residential development known as The Northeast Corner and completing the overall Village at Griesbach Neighbourhood.

The Griesbach Collaborative is a joint effort between Canada Lands Company, the Griesbach community and our consultant team, reflecting the shared vision of residents and stakeholders alike. B&A Studios advanced overall project leadership and a highly collaborative, inclusive and innovative planning, design and engagement program that sparked the hearts and minds of the community.

We extend our heartfelt gratitude to the community for their unwavering support and active involvement throughout the master planning and plan amendment process. This milestone achievement is a testament to the dedication and hard work of the entire team, including our valued consulting partners:

- Katie Soles – (Soles and Company) – Community Engagement
- Toole Design Group – Transportation and Mobility
- Kasian Architecture Interior Design and Planning – Architectural Services
- Scatliff + Miller + Murray Inc. – Landscape Architecture and Open Space
- Level Playing Field – Accessibility
- Teneya Gwin (Eleven Eleven Consulting) – Indigenous Engagement
- Select Engineering Consultants Ltd. – Civil Engineering and Servicing
- Intelligence House Ltd. – Residential Market Assessment
- Avison Young | Canada Young – Commercial Market Assessment
- RWDI – Environmental Noise Assessment

1708703909056

 
B&A

Project Approval Spotlight! 🎉 We're thrilled to announce that the Canada Lands Company Village at Griesbach Northeast Corner Plan received unanimous approval from the Edmonton City Council this week! 🏙️ A BIG congratulations to Kairi P. and the Canada Lands Company / Société Immobilière du Canada team for all your hard work and leadership!

This project marks a pivotal moment in the evolution of this vibrant urban village, paving the way for the dynamic and diverse residential development known as The Northeast Corner and completing the overall Village at Griesbach Neighbourhood.

The Griesbach Collaborative is a joint effort between Canada Lands Company, the Griesbach community and our consultant team, reflecting the shared vision of residents and stakeholders alike. B&A Studios advanced overall project leadership and a highly collaborative, inclusive and innovative planning, design and engagement program that sparked the hearts and minds of the community.

We extend our heartfelt gratitude to the community for their unwavering support and active involvement throughout the master planning and plan amendment process. This milestone achievement is a testament to the dedication and hard work of the entire team, including our valued consulting partners:

- Katie Soles – (Soles and Company) – Community Engagement
- Toole Design Group – Transportation and Mobility
- Kasian Architecture Interior Design and Planning – Architectural Services
- Scatliff + Miller + Murray Inc. – Landscape Architecture and Open Space
- Level Playing Field – Accessibility
- Teneya Gwin (Eleven Eleven Consulting) – Indigenous Engagement
- Select Engineering Consultants Ltd. – Civil Engineering and Servicing
- Intelligence House Ltd. – Residential Market Assessment
- Avison Young | Canada Young – Commercial Market Assessment
- RWDI – Environmental Noise Assessment

1708703909056

Blatchford Alpha.

Real blatchford is the beta
 
A report details the 14 goals of the City Plan and establishes baselines to measure success. Goals include keeping the city’s net carbon emissions under 135 million tonnes and being net-neutral by 2050. But the report suggests that, at the city’s current rate, the carbon budget will deplete by 2037, 13 years ahead of schedule. Another goal is to welcome 600,000 new residents into Edmonton’s redeveloping area, generally defined as inside Anthony Henday Drive. The current baseline population is about 811,000. One goal aims to have 50% of resident trips made using transit and active transportation; the baseline is 15%, a measurement from 2015. The city said the percentage has remained stable over the last 30 years, requiring “different and transformative approaches.” The goals also include ensuring no one is in core housing need, meaning their housing is an appropriate size and costs less than 30% of their pre-tax income. The baseline for those in core housing need is a 2016 measurement, when nearly 50,000 residents faced such a challenge.
-Taproot
7.2
 
A report details the 14 goals of the City Plan and establishes baselines to measure success. Goals include keeping the city’s net carbon emissions under 135 million tonnes and being net-neutral by 2050. But the report suggests that, at the city’s current rate, the carbon budget will deplete by 2037, 13 years ahead of schedule. Another goal is to welcome 600,000 new residents into Edmonton’s redeveloping area, generally defined as inside Anthony Henday Drive. The current baseline population is about 811,000. One goal aims to have 50% of resident trips made using transit and active transportation; the baseline is 15%, a measurement from 2015. The city said the percentage has remained stable over the last 30 years, requiring “different and transformative approaches.” The goals also include ensuring no one is in core housing need, meaning their housing is an appropriate size and costs less than 30% of their pre-tax income. The baseline for those in core housing need is a 2016 measurement, when nearly 50,000 residents faced such a challenge.
-Taproot
7.2
The active transportation and transit failures for hitting the 50% goal are astounding to say the least.

Literally so far off from these goals it’s laughable.

Why we aren’t dropping temporary concrete barriers for 100kms of temporary bike infrastructure while we work to build permanent stuff is wild to me. At our current rate, 50% of the city won’t even have bike infrastructure beyond an arterial MUP within a 10min walk of them by 2050. All the new stuff continues to be built poorly for transit/biking/walking. (Schools, new suburbs, shopping centres). And the older areas are seeing basically no changes close to a decade after the bike plan dropped…

And our care and improvement for transit…what more needs to be said. We’re literally losing ground on transit ridership.
 

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