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_urbanite said:
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"
Click to expand...

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?
 
TAS said:
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?
Click to expand...
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.
 
Screenshot 2026-01-12 at 9.58.52 AM.png
 
Gronk! said:
Not sure where else to post this


City of Edmonton looking to crack down on derelict commercial properties​

Concern raised after Alberta Avenue fire damaged vacant property near music venue​


Click to expand...
Not sure why they flag the Problem Properties Initiative here, it's much more appropriate to call on the City to expedite the expansion of the derelict property tax subclass to non-residential properties. It's already coming one way or another, but the sooner it's in place, the sooner we will see Chinatown get a second wind.
 
policyenthusiast said:
Anyone else get their residential tax assessments yet? I'm staring down a 30% YoY increase. Brutal.
Click to expand...
Are you talking about your homes assessed value, or are you talking about the mid year adjustment to your monthly payments?

If you are talking about the mid year adjustment, they initially assessed high, so I have seen a near 10% decrease.
 
policyenthusiast said:
Anyone else get their residential tax assessments yet? I'm staring down a 30% YoY increase. Brutal.
Click to expand...
NM just got mine, you are talking about the market value your home is assessed at. So your home value increased 30%. If you think this is incorrect there are ways to have the city adjust this. Make sure your home details are correct with the city. IE when we bought they assessed out basement as fully finished, it was only 40% finished. Make sure you have comparables as proof. again as I am a duplex I could point to my neighbour (duplex) and say well they have a double garage, fully finished basement with a slightly bigger lot and they are being assessed x which is equal to or more than y(me) There is an issue here. They greatly adjusted my property value. The city was very fair in their ultimate reassessment.
 
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