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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"
 
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 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?
 
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?
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.

Hopefully they will then also use these proceeds for another new project somewhere in Edmonton.
 

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