[Yeggy]

No it is an Edmonton specific problem, when you have an influx of new residents and no new projects and prices decline. Ultima, Fox, Encore were all presold prior to the influx of new people. Westrich did not do another condo tower and Langham converted Falcon from condo to rental. I'm not sure how much more data people need to see, numbers do not pencil in Edmonton the way people think they do. Furthermore, downtown rental buildings have been very sluggish on absorption and new projects are not being green lit.

except there have been new projects green lit and arent we about to see new student housing start to be built?

I have no idea whats up with your bias towards rentals/renters.

 

[Oilers99]

Comparing a specific property to city wide aggregate numbers like they are the same is flawed.

There are always winners and losers in the broader market, but you knos this and are only acting cute.

How am I acting cute? I picked the last for sale condo projects in downtown Edmonton?

 

[Oilers99]

except there have been new projects green lit and arent we about to see new student housing start to be built?

I have no idea whats up with your bias towards rentals/renters.

I have no bias toward renters, a healthy market has condo projects as well. But I said we don’t have any new downtown rental projects either?

 

[Oilers99]

As we post national record amounts of in fill building and population increases whilst other major cities see population decline.

You are being overly negative and are hard to take seriously.

Okay don’t take me seriously, the development community is showing what I am saying.

 

[IanO]

I have no bias toward renters, a healthy market has condo projects as well. But I said we don’t have any new downtown rental projects either?

oh?

 

[Oilers99]

oh?

sorry yes we do but I meant limited high rise on the rental side.

 

[bodsbods9090]

Edmonton retailers favour the suburbs, CBRE report finds

A recent CBRE report highlights changes to Edmonton's retail landscape, particularly in downtown with shake ups in building names and occupation.

edmontonjournal.com

In other news, water is wet...

 

[Kosy123]

In other new, water is wet...

Yeah, most of our residential growth has been in the suburbs over the last 10 years. It's not until last year that we've finally seen good movement in both mature infill and downtown residential units.

Plus I wonder how much of that vacancy is just City Centre Mall.

 

[_urbanite]

Amazon buys 50 acres for a new fulfilment centre in Edmonton

Tech giant Amazon has acquired a large industrial property in Edmonton and has plans for a new fulfillment centre, Western Investor has learned.

The deal saw Amazon Canada Fulfillment Services ULC acquire 50 acres at 16404 145 Ave. in northwest Edmonton, near the intersection of 170 Street NW and Anthony Henday Drive NW, for $39.7 million in the final quarter of 2025. That works out to just over $793,000 per acre.

Located within the city borders

 

[archited]

^ And the City's retail scene in terms of street locales takes another gigantic hit. There is a well-defined choice between ordering online and having deliveries to your door vs supporting local retailers in bricks-and-mortar locations on the City Streets.

 

[channing76]

Amazon buys 50 acres for a new fulfilment centre in Edmonton



Located within the city borders

This the 4th one in the metro?

 

[johnnyboy]

^ And the City's retail scene in terms of street locales takes another gigantic hit. There is a well-defined choice between ordering online and having deliveries to your door vs supporting local retailers in bricks-and-mortar locations on the City Streets.

I'm not a big Amazon customer (maybe 3-4 times a year; their product search is terrible now), but their growth in this city seems almost exponential. Three years ago, 9 stops away generally meant within my neighbourhood or the next neighbourhood over when tracking a parcel delivery. These days, 9 stops away is often on my own street.

 

[roe_]

I'm not a big Amazon customer (maybe 3-4 times a year; their product search is terrible now), but their growth in this city seems almost exponential. 2-3 years ago, 9 stops away generally meant within your neighbourhood or the next neighbourhood over when tracking a parcel delivery. These days, 9 stops away is often on my own street.

Why isn't there any competition? We used to have Consumers Distributing, which was essentially an analog version of Amazon...

 

[David A]

Why isn't there any competition? We used to have Consumers Distributing, which was essentially an analog version of Amazon...

Consumers Distributing is an interesting analogue, although it did have a number of retail locations it was really set up for catalogue shopping. I only looked at a few smaller items there, I don't know if they did much home delivery.

 

[ADob]

We got rid of our Prime membership because we weren't watching any of the shows and I found that it was wayyy too easy to buy stuff we didn't need because it was a click of the mouse, which skips over the rational thinking parts of the brain. I'll admit, I don't miss it.