News   Apr 03, 2020
From the Editor: A Message to Our Readers
 8.3K     3 
News   Apr 02, 2020
Topping Off March 2020: What's Hot on SkyriseEdmonton
 9.5K     0 
News   Apr 02, 2020
News Roundup for April 2, 2020
 3.1K     0 

Edmonton Real Estate Market

Kosy123 said:
www.bankofcanada.ca

Bank of Canada reduces policy rate by 25 basis points

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
www.bankofcanada.ca www.bankofcanada.ca

IT'S RATE CUT TIME wooooo

Any indications if this would spur more multifamily development?
Click to expand...
I would believe so, but I wouldn't expect a big uptick until the next cut (likely August).
 
Kosy123 said:
www.bankofcanada.ca

Bank of Canada reduces policy rate by 25 basis points

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
www.bankofcanada.ca www.bankofcanada.ca

IT'S RATE CUT TIME wooooo

Any indications if this would spur more multifamily development?
Click to expand...
It helps, but to be honest it doesn't move the needle all that much. Modest uptick in activity at the most.
 
thommyjo said:
Better money from selling condos vs purpose built rentals. That’s why I’m pretty sure. We can’t sell condos here, so we get more rentals.
Click to expand...
It has more to do with how long it takes to repatriate equity and profit. In condo projects there is a defined exit based on the velocity of sales. In and out. Rentals provide a return over a longer term horizon. Capital is tied up for longer.
 
cmd uw said:
It has more to do with how long it takes to repatriate equity and profit. In condo projects there is a defined exit based on the velocity of sales. In and out. Rentals provide a return over a longer term horizon. Capital is tied up for longer.
Click to expand...

It seems at least some of the time that rentals provide a faster return than over a longer term horizon - it doesn't seem uncommon rental buildings get built and then sold off?
 
blog.remax.ca

Edmonton Commercial Real Estate Expected to Flourish as Population Surges

Due to a growing population, demand for rental housing is front and centre in the Edmonton commercial real estate market.
blog.remax.ca blog.remax.ca

CMHC’s mortgage loan insurance for multi-unit student housing has also attracted capital investment from outside the province, with several large student housing projects underway near the University of Alberta, MacEwan University, Concordia University and NorQuest College.
Click to expand...
Did we miss something here?

Efforts underway to improve the downtown business district have resulted in some success, best illustrated by the increase in foot traffic. Restaurants are reaping the rewards as more people are drawn to the core in large part due to greater safety and security measures, hybrid work models and large-scale events including concerts and hockey games. New purpose-built rentals complement existing condominium developments in the core, with some office spaces transitioning to residential.
Click to expand...
Good to see some positive remarks about downtown though for once.
 
Kosy123 said:
blog.remax.ca

Edmonton Commercial Real Estate Expected to Flourish as Population Surges

Due to a growing population, demand for rental housing is front and centre in the Edmonton commercial real estate market.
blog.remax.ca blog.remax.ca


Did we miss something here?
Click to expand...
IMO this is a junk report

There is no student housing project underway anywhere near Concordia.

The only residential project underway near NorQuest is The Parks, which isn't really "student" housing necessarily in the same way that Horizon Residences or The Laurent are student housing.

Similarly, it's the same for MacEwan, where Station Lands (and I suppose The Parks also) is really only the nearby multi-fam under construction, and again it's not really student housing. Sync111 could maybe count, but it's been past substantial completion for a whole year now.

That, or the author has some real loose definitions of "underway", "student housing" and "near"
 
Last edited:
northlands said:
IMO this is junk reporting.

There is no student housing project underway anywhere near Concordia.

The only residential project underway near NorQuest is The Parks, which isn't really "student" housing necessarily in the same way that Horizon Residences or The Laurent are student housing.

Similarly, it's the same for MacEwan, where Station Lands (and I suppose The Parks also) is really only the nearby multi-fam under construction, and again it's not really student housing. Sync111 could maybe count, but it's been past substantial completion for a whole year now.

That, or the author has some real loose definitions of "underway", "student housing" and "near"
Click to expand...
Yeah which is why I got confused by that statement. Unless we missed something or they know something else we don't (which I sorta doubt)
 
northlands said:
IMO this is junk reporting.

There is no student housing project underway anywhere near Concordia.

The only residential project underway near NorQuest is The Parks, which isn't really "student" housing necessarily in the same way that Horizon Residences or The Laurent are student housing.

Similarly, it's the same for MacEwan, where Station Lands (and I suppose The Parks also) is really only the nearby multi-fam under construction, and again it's not really student housing. Sync111 could maybe count, but it's been past substantial completion for a whole year now.

That, or the author has some real loose definitions of "underway", "student housing" and "near"
Click to expand...
Well first of all, Remax is a real estate company, not a newspaper or media business. I agree, their blog could use a a bit of editing, in particular referring to student housing there either was lazy, sloppy or written by someone not very knowledgeable of the local market. The distinction between housing designed specifically for students and housing in the vicinity of educational institutions was apparently lost on whoever wrote this.
 
HAF funding plan

1718041363334.png

1718041398794.png
 
Greenspace said:

Annex Land… And Then Sit on our Hands?​

Council's push to put the brakes on southern development is so 2007
BY MICHAEL WALTERS JUNE 14, 2024

urbanaffairs.ca

Annex Land… And Then Sit on our Hands? | Urban Affairs

Council’s push to put the brakes on southern development is so 2007
urbanaffairs.ca urbanaffairs.ca
Click to expand...
No more sprawl that isn't heavily serviced by rail transit. That should be the line in the sand. Getting developers to fund LRT extensions is the logical way forward.
 
You must log in or register to post here.

Back
Top