I think we could be up another 30% from here by Fall.

Great comp! That should raise the price of everything in the building, and give developers confidence that new luxury towers in downtown Edmonton could get $1,000 per sq. ft. for presales.

This is a 20 year plan. This development will be attractive to future generations. I wouldn't expect much movements in the short term.

Wow. Now I'm almost 100% sure they'll be resold at a higher price. That's crazy low.

Not for a great location like this. I think any new owner could easily get $2,200 to $2,400 per square foot. I don't see how current ownership can make any money anymore, so why would anyone lend them money to finish the project? If there is a sale and ownership change, we could be looking at...

I hate to break this to you, but it's unlikely that this gets built by the current developer IMO. I suspect that another developer may take it over at some point a couple years from now, and cancel pre-orders. I can't imagine that they, as they currently stand, can make any money since they've...

Awesome! Hopefully they can start construction next year :)

With their sales centre opening soon, does anyone know when they may get a permit for the tower? Have they applied yet?

They own the land, it'll revitalize that part of downtown, it's near the conference centre, and no other tower would have as good of a view.

Hopefully they start construction, at least on the pilings, this Spring.

That's true. This is a hotel development. I had a place in the Shangri-la in Toronto up until 2019. The condo fee was quite high, and it was increasing at a rapid pace, which led me to sell it. My rental just didn't make sense anymore.

Condo fees aren't usually this high, even in Toronto.

A lot of people are pretty desperate to sell. Might still be worth it to offer $70K less... I'll bet you could get it for $4XX,XXX.

Still WAY overpriced, IMO. This one will sit unless they reduce the price.

Love it! Hopefully we can stop the sprawl, and have most families consider downtown as their first option for buying a condo and raising children. We just need to implement a moratorium on new suburban development for five years. I have contacted my councilor, and I encourage others to do so...