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Edmonton Real Estate Market

I go to this every year and it is 100% worth it. The price this year appears to have tripled which is a real shame, but it's every Edmonton construction/development leader in a room.
 
I am a bit surprised by how Montreal and Quebec continues to do well. I feel we are in a bit of a Goldilocks zone for price increases now, good for sellers but not too uncomfortable for buyers.

Calgary as often is the case overheats and then pulls back some. We seem to be a more steady, stable market.
 
I am a bit surprised by how Montreal and Quebec continues to do well. I feel we are in a bit of a Goldilocks zone for price increases now, good for sellers but not too uncomfortable for buyers.

Calgary as often is the case overheats and then pulls back some. We seem to be a more steady, stable market.
In Montreal, I think it's partly cultural. (Not so much in Quebec, which has always been more owner-dominated.) Central-ish Montreal neighborhoods are much more desirable to people with money than they were 30 years ago. Neighborhoods that have generally been very renter-dominated are seeing more and more ownership and conversions from duplexes and triplexes to single-family houses—to the point that the Plateau has banned those conversions to protect the rental housing stock. So there's been a bit of a rush to buy and a steady increase in prices, even as the city population hasn't grown that much.
 
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Interesting, certainly skewed towards the American context. This would classify the MacEwan neighbourhood as “dense urban”
I almost didn't believe that but wow the ASP called for 6165 people over 111 ha of total land (~5500pop/sqkm) which is firmly within dense urban. And the 2021 census data shows the population is just under 6k so the ASP wasn't far off at all.

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