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kcantor said:
Vancouver's tax does not grant an exemption for an "ex" principal residence. Once it has been vacant for 180 days, the tax "kicks in" even if the property is listed for sale regardlss of whether it was a principal residence or a rental. Once sold, the tax won't apply to the purchaser as of the date of sale (they get a new 180 day clock) and the vendor only pays up to the date of the sale. The only ongoing exemption I'm aware of is if the property is actively undergoing "major renovations" (planned renovations don't count. To qualify, all permits must have been issued, work must be underway, and the scope of the work must be such that the property is uninhabitable.
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That’s reasonable. A property fairly priced in the lower mainland will never sell in more than 3 months.
 
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inclusion said:
That drop in population growth is concerning. Perhaps we swung too far in the other direction on immigration, which often occurs when knee-jerk policy decisions are made.
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It's what popular will demanded. I don't doubt that we're still going to get good pop growth numbers in Edmonton based on inter and intra-provincial numbers, we still did good on those even throughout 2015-2019 outperforming Calgary.

But I wouldn't be surprised if we get a severe labour crunch and the pendulum swings the other way again before the end of the decade.
 
Kosy123 said:
It's what popular will demanded. I don't doubt that we're still going to get good pop growth numbers in Edmonton based on inter and intra-provincial numbers, we still did good on those even throughout 2015-2019 outperforming Calgary.

But I wouldn't be surprised if we get a severe labour crunch and the pendulum swings the other way again before the end of the decade.
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I think Edmonton will be ok for growth, but that is my concern too, the over reaction will lead to labour problems in several years. I hope the government will be smart enough to ease up on the immigration restrictions before that happens.
 
David A said:
I think Edmonton will be ok for growth, but that is my concern too, the over reaction will lead to labour problems in several years. I hope the government will be smart enough to ease up on the immigration restrictions before that happens.
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The plan is to bring it down to manageable levels now, to alleviate current pressures and also give time to rework the whole immigration program (focus on attracting more skilled people in areas the country needs). If they will act according to that plan remains to be seen, however,
 
ChazYEG said:
The plan is to bring it down to manageable levels now, to alleviate current pressures and also give time to rework the whole immigration program (focus on attracting more skilled people in areas the country needs). If they will act according to that plan remains to be seen, however,
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Rock and a hard place they are in. Immigration was a significant contributor to GDP growth, driven largely by sheer numbers, and insulated us from some of the effects of Trump's tariff changes. Contraction has already begun, but it could get painful along with labour shortages. The construction industry is probably paying close attention to population growth, or lack thereof. While there is still a lot of catching up to do, I won't be surprised if we end up in a position of oversupply and rental rate contraction, given the number of projects currently in the build phase. It will be interesting to see where things go from here and where we stand in a few years, particularly leading up to the 2028 US election.
 
Since 2025 YTD does not include the last quarter of the year then one could project that 2025 will end up being similar in total to 2024
 
Yes, average office vacancy rates in Canada have declined by 0.7% to 18%. I'm not sure what Edmonton's rate is right now, but in the recent past we have been fairly close to the national average.

www.thecanadianpressnews.ca

Office vacancy rate dips as return-to-office shift picks up: CBRE report

TORONTO - The Canadian office vacancy rate dipped last year for the first time since the pandemic as the return-to-office trend accelerated, said a report out Wednesday from CBRE Ltd.
www.thecanadianpressnews.ca www.thecanadianpressnews.ca
 
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