[Oilers99]

Here are the prices of our 10 most valuable neighbourhoods by overall stock. Obviously size of area is part of it, but some clear higher priced areas here.

Also, below are the median prices by neighbourhood. Many of the highest are outside the henday or quite close to it (very much car dependent suburb style nonetheless). ALL of the lowest are more core/central ones


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Rutherford, Hamptons, Twin Brooks, South Terwillegar and Walker are all finished subdivisions, there is no longer any development occurring in these subdivisions. Summerside is down to its last few lots and Windermere still has a number of years left in development.

New subdivisions such as Maple, Aster, Edgemont, Cy Becker, etc. actually have zero to virtually zero luxury development. They are primilarily catered at average Edmontonian income.That is what I am trying to point out to you, you are referring to older subdivisions that had luxury product, the subdivisions of the last ~3-5 years are no longer that. It is not just condominiums and townhouses that are serving the first time buyer market, it is zero lot line single family homes that prior to the recent price uptick were sub $400k. This is not something that is possible to be replicated in the inner city unfortunately. You also bring up the example of Toronto, Toronto has hopped over its greenbelt into surrounding communities such as Brampton, Milton, Burlington, Ajax, etc. which would presumably occur here if the City of Edmonton does not maintain its balanced growth.

 

[archited]

How could these private industries not have had an influence on the development patterns of our cities?

Oh, they did -- just not in the way that you have suggested.

 

[thommyjo]

Rutherford, Hamptons, Twin Brooks, South Terwillegar and Walker are all finished subdivisions, there is no longer any development occurring in these subdivisions. Summerside is down to its last few lots and Windermere still has a number of years left in development.

New subdivisions such as Maple, Aster, Edgemont, Cy Becker, etc. actually have zero to virtually zero luxury development. They are primilarily catered at average Edmontonian income.That is what I am trying to point out to you, you are referring to older subdivisions that had luxury product, the subdivisions of the last ~3-5 years are no longer that. It is not just condominiums and townhouses that are serving the first time buyer market, it is zero lot line single family homes that prior to the recent price uptick were sub $400k. This is not something that is possible to be replicated in the inner city unfortunately. You also bring up the example of Toronto, Toronto has hopped over its greenbelt into surrounding communities such as Brampton, Milton, Burlington, Ajax, etc. which would presumably occur here if the City of Edmonton does not maintain its balanced growth.

I wasn’t speaking to only developing suburbs. Sorry if there was confusion on that. I’m speaking to all newer suburbs from the 000s onwards. 23ave and south. West of henday, etc.

Again, they are building a decent amount of affordable stuff, sure, but a simple look on real estate sites shows dozens of homes in the 700k+ range in all of these suburbs. Edgemont, chapelle, keswick, etc. brand new areas, with very obviously luxury homes. The average sale point, again, is still higher in these new areas than in central neighbourhoods (excluding the glenoras and windsor parks).

Every single home in these pics are over 600k. The avg home price in Edmonton is about 450k.

 

[archited]

...and your point is?

 

[EdmTrekker]

Here are the prices of our 10 most valuable neighbourhoods by overall stock. Obviously size of area is part of it, but some clear higher priced areas here.

Also, below are the median prices by neighbourhood. Many of the highest are outside the henday or quite close to it (very much car dependent suburb style nonetheless). ALL of the lowest are more core/central ones


View attachment 380440

View attachment 380439View attachment 380436

What is the website for this data?

 

[thommyjo]

...and your point is?

They were claiming the suburbs are no longer selling luxury homes and that they are more affordable than less sprawled areas. I don’t believe that’s true to the data. And that matters cause it shows demand, trends, and where young people are buying. Unlike places like Vancouver where you go farther away to afford a home, Edmonton is still seeing affluent buyers buying in the suburbs and that’s why central areas aren’t redeveloping faster.

 

[archited]

^^^^ That's a wildly unsupported claim.

 

[quit]

They were claiming the suburbs are no longer selling luxury homes and that they are more affordable than less sprawled areas. I don’t believe that’s true to the data. And that matters cause it shows demand, trends, and where young people are buying. Unlike places like Vancouver where you go farther away to afford a home, Edmonton is still seeing affluent buyers buying in the suburbs and that’s why central areas aren’t redeveloping faster.

It is good to have a balance, so that people can choose where to live based on where they work and their chosen lifestyle. Alberta is a diverse place and not everyone wants to live centrally here or in Calgary. I think we should be thankful that housing has a wide range of options here and is still obtainable for a lot more people than say Toronto or Vancouver. New stock is bound to be higher. I don't think that is the key reason why central areas are redeveloping slower - people still own the homes that exist in central areas. You can only redevelop so fast as people are willing to sell.

 

[itom987]

^ That doesn't account for the people working on Blatchford, they are going at a snail's pace compared to their competitors in the suburbs.

 

[Gronk!]

^ That doesn't account for the people working on Blatchford, they are going at a snail's pace compared to their competitors in the suburbs.

https://imgur.com/V1FQotF

 

[CplKlinger]

https://imgur.com/V1FQotF

I still think it'll start picking up now. All but two of the plots (the largest multi-unit building plots) in the first phase are pending or sold, and residents have had good things to say so far. Builders see that the concept sells well, that the geothermal heating/cooling system works, and that the LRT is on its way. I'm feeling optimistic for its growth in the coming years.

 

[archited]

There is a HUGE growth engine coming to Blatchford (I almost hate to say this because it leads to people asking me to divulge something that I know that is covered by NDAs). I cannot say what it is, but it is real and it is powerful -- we (myself and others) are working on it now and it will be a huge boon to Blatchford and to NAIT. Btw, NAIT expansion on its own will be dramatic over the next decade and beyond.

 

[soupcrate]

There is a HUGE growth engine coming to Blatchford (I almost hate to say this because it leads to people asking me to divulge something that I know that is covered by NDAs). I cannot say what it is, but it is real and it is powerful -- we (myself and others) are working on it now and it will be a huge boon to Blatchford and to NAIT. Btw, NAIT expansion on its own will be dramatic over the next decade and beyond.

That's super exciting to hear. Are you able to share around about when the public might hear about this?

 

[archited]

@soupcrate -- within 90 days.

 

[CplKlinger]

There is a HUGE growth engine coming to Blatchford (I almost hate to say this because it leads to people asking me to divulge something that I know that is covered by NDAs). I cannot say what it is, but it is real and it is powerful -- we (myself and others) are working on it now and it will be a huge boon to Blatchford and to NAIT. Btw, NAIT expansion on its own will be dramatic over the next decade and beyond.

Thanks for dropping this nugget, my heart is all a-flutter! Can you please clarify something I've always wondered? Will buildings on NAIT's Blatchford property need to meet the same environmental requirements – EG carbon emissions, green building codes, etc – as buildings on Blatchford proper? Or did Edmonton agree to modify the requirements for NAIT?

Also, can you please divulge something that you know is covered by NDAs?