Edmonton new condo sales soaring
The skyrocketing popularity of the Ice District’s Sky Residences helped Edmonton new multi-family home sales more than double during last year, a new report shows.
Sales of new condominiums and town houses rose to 766 in the last three months of 2017 from 323 in the same period of 2016, according to information released Tuesday by research firm Urban Analytics.
Much of that increase was fuelled by the 242 condos sold in the Sky Residences being built on the upper half of the 66-storey Stantec Tower, which became available to the general public at the end of October.
“The project’s location adjacent to Rogers Place arena, appealing views from all residential units (which start on the 31st level), combined with luxury finishing specifications, drew many local and out-of-province buyers,” the report says.
The units, ranging in price from about $300,000 to more than $1 million, are expected to be ready in October 2019.
There were more than 30 other multi-family home projects launched in Edmonton last year.
Downtown had a total of 319 sales in the last quarter of 2017, almost tripling from the last quarter of 2016, to make it the busiest sector of the city.
