[Oliver_William]

Which building did they buy? I'm curious because a couple people I know also had offers from companies to buy them out of their buildings recently

I will share the building name after May 30 which is their drop dead date to buy. I don’t wanna jinx anything

 

[Edmontonmanía]

The building is currently around 45% and it is filling faster than expected, by summer a big jump is expected. Maybe next year they could start Falcon 2, because with these good numbers it’s easier for them to get the loan from the bank.

 

[Kosy123]

Filling faster than expected seems to be the running theme for rentals in downtown.

 

[Gronk!]

Still waiting for tower 2 to break ground

 

[IanO]

Now how about that retail...

 

[Barnaby]

Construction is going on in the north most CRU. It looks to me that it's been leased.

 

[mcr]

Construction is going on in the north most CRU. It looks to me that it's been leased.

Looks like it was originally to be a general retail store and is now being fit out as childcare

 

[archited]

Old news...

 

[edm13]

An ad on my Facebook says there are only 8 units left… surely that means phase two will go ahead?

 

[Canadian 001]

Damn Tower one is Basically Full

 

[Kosy123]

If every higher priced multi-unit rental that’s been recently built downtown is doing well, I think it’s safe to say there’s a pretty significant demand to live downtown. ,

 

[IanO]

Similar to office, 'a flight to quality'?

Or perhaps a change in perspective away from ownership to tenancy and with that no downpayment, freedom and flexibility?

 

[Barnaby]

Similar to office, 'a flight to quality'?

Or perhaps a change in perspective away from ownership to tenancy and with that no downpayment, freedom and flexibility?

I sold my house in St. Albert to rent DT...

 

[thommyjo]

I think it’s well known that Edmonton condos have struggled historically, so people are probably bearish on buying. But that’s why central neighborhood infills are important, plus high quality rentals people can stay in long term.

With all the investors underwater in Toronto and Vancouver, I doubt we see much ability to get condos sold here for a while still. In Calgary their recent projects have only been possible due to out of province investors. I suspect those wells are drying up.

 

[David A]

I think it’s well known that Edmonton condos have struggled historically, so people are probably bearish on buying. But that’s why central neighborhood infills are important, plus high quality rentals people can stay in long term.

With all the investors underwater in Toronto and Vancouver, I doubt we see much ability to get condos sold here for a while still. In Calgary their recent projects have only been possible due to out of province investors. I suspect those wells are drying up.

I really doubt how condos are faring in Toronto where prices are still around 4 times higher than here will have much impact on Edmonton and unlike Calgary very few condo's have been built centrally or elsewhere here in the last 5 years.