Negative absorption in Toronto at lower inventory volumes. That's insane.
Immigration and international student tap has turned off. A needed rebalancing.Negative absorption in Toronto at lower inventory volumes. That's insane.
BGO buys Edmonton's Eleanor, Laurent towers from Maclab
From last month. Very curious to see what's next for Maclab
From the article:
"Data for the full year is not yet available, but the Edmonton multifamily market has continued to be hot in 2025 after a record-setting 2024. According to a fall 2025 report published by Avison Young, multifamily transaction sales volume totalled around $1.8 billion in 2024 and was already at around $1.15 billion in 2025 after Q2"
I don't know if they sold for a profit, but these seems be a fairly successful project in an area with strong rental demand, so I would expect they wouldn't have sold now unless the sale price was attractive enough.I don't know if this helps or not, but when new concrete towers like this sell (let's assume for a profit), does that help the outlook locally to build more concrete towers?
And if not selling for a profit, I imagine that in turn hurts the feasibility?
Or is there no correlation at all?
Off-topic, but man, Stantec Tower needs way more decorative lighting. You hardly even notice it as you drive into the city.
The striped LED lighting was a design element that was cut that completely gutted the character of the overall building.Off-topic, but man, Stantec Tower needs way more decorative lighting. You hardly even notice it as you drive into the city.




