Great to see these are progressing. Any idea on how Truman is getting the $$ for this project? The hotel component is covered, but I haven't seen any advertising or pitches to investors for the residential portion.

Good to hear it's close to breaking ground. I had heard that this was for sure getting built, but it's taking its sweet time.

I talked about this in another thread so it might be somewhat redundant, but the short answer is that it's a simple case of dollars and cents. Concrete highrises in Edmonton are a challenge financially. Calgary's rents might have been declining at the time of your post, I don't know Calgary's...

I’ve heard some timelines thrown around for this one, but as we’ve seen in the past it’s anyone’s guess. I will say that this development has been actively worked on and they plan to build it.

Cap rates are a kind of a nebulous number. Every city is going to have different Rates for different types of housing, but in the end it is going to come down to other factors. To make good use of them, you need to compare apples to apples, comparing specific cases to other specific cases. For...

I’ve asked around and this is still going ahead supposedly. I don’t know anyone at Cantiro, so it’s third hand info, but that’s what I’ve been told.

I asked around and it doesn’t sound like construction is starting on this quite yet. On the positive side, apparently there has been lots of interest on the condo units. The plan is to build the taller of the two condo towers and the rental tower at the same time. If you guys crowd fund enough...

High rise buildings are always in fashion as long as the dollars work. There were some builds in Edmonton in recent years when the interest rates were lower. House prices need to be higher for it to work. That’s why a similar sized city like Calgary has 22 high rises u/c and Ottawa has a dozen...

Are you asking me? If so, I’m not sure why. The poster asked why there aren’t more high rises and I was offering an answer. Personally, I like to see a balanced mix of housing types. IMO, Edmonton and Calgary have the best mix of new housing. SFH’s, rowhomes, and apartments. My city of Vancouver...

Quick answer, the dollars don’t work very easily. Of all cities over 500k (with the exception of Winnipeg) Edmonton is the toughest pencil out high rises. The price of housing is quite low compared to the others. They were getting built in previous years when the interest rate was really low...

One thing I forgot to mention with regards to concrete builds is for rental towers it’s partly about rent prices, but more importantly about what the developers think the building will be worth in 10 or 15 years. Higher rents and strong demand over a long term make the buildings worth more.

Most wood frame builds in Calgary and Edmonton aren’t much different. In general builds in Calgary will splurge a bit more for brick than in Edmonton, but for the most part they are similar. Yes this is true. Higher sales or rental prices have an effect on concrete builds. Someone in this...

Sorry it’s a bad riddle. The company name sounds a lot like 80’s wave band XTC.

I don’t know when that’s happening, only that the GC has been chosen and it’s going ahead. Can’t say who the GC is but their name reminds me of the Nestle plunge.😉

The GC has been chosen, and is closer to going ahead. It’s only a matter of when.