archited
Senior Member
^ Out in the middle of a farmer's field (double entendre).
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- Thread starter Daveography
- Start date
bodsbods9090
Senior Member
Is 23 Clifton?
constance_chlore
Senior Member
I had wondered based on the location, and the number of units checks out. I would find it a questionable choice to use this money for a luxury building, though, even if it isn't specifically targeted at affordability.
David A
Senior Member
The headline is positive and the article seems generally positive too. While it mentions our lower property values, I feel this is to suggest probably to out of town investors there is more room for price appreciation here than in other cities and it specifically mentions condos. Many locals are used to this and take it as a given, but some outsiders may look at it differently and see opportunity that no longer exists elsewhere.
Avenuer
Senior Member
Student Housing Grant
IanO
Superstar
IanO
Superstar
bodsbods9090
Senior Member
The Big Smoke feeling the hit...
IanO
Superstar
Falling further behind the pack...
kcantor
Senior Member
Do you have any historical numbers that show this is falling further behind the pack and not in fact catching up with the pack?
In either case, you also need to balance this with increasing room rates and increasing REVPAR which are both continuing to increase quite nicely thank you and have probably more direct impact on valuations than cap rates alone.
archited
Senior Member
When your mind is set on a specific set of values that feeds your rationale, then you can blithely ignore any and all other numbers.
David A
Senior Member
Yes and I also find this chart confusing with regards to the assertion about falling behind "the pack". Edmonton actually does not seem that different from several other cities here. The ones that seem diverge more from us are mostly much larger cities (Toronto, Montreal or Vancouver) and possibly a smaller tourist destination like Victoria. I suppose it depends on which group you consider the pack, because there seem to be different ones here.
CplKlinger
Senior Member
- The initial $39 million budget available for this program was fully allocated in December 2025. In March 2026, an additional $3.9 million in existing Housing Accelerator Funds was re-allocated to the Infill Infrastructure Fund to prioritize multi-unit housing projects that are entirely non-market or mixed-market and have signed affordable housing agreements but have not yet been issued building permits.
- Applicants with affordable housing projects who have already submitted a complete application package (not just a screening form) during the initial funding cycle do not need to reapply. The Fund team will reach out directly regarding next steps in the order that completed applications were received.
- Affordable housing providers that have projects that meet the fund criteria but who have not yet applied are encouraged to submit their projects by completing the screening request form in the application process section.
- Funding for eligible housing development projects will vary based on the cost of the required off-site infrastructure.
- Funding covers up to 100% of eligible off-site infrastructure costs from a minimum of $100,000 up to a maximum of $4 million per application for market housing projects, and from a minimum of $25,000 up to a maximum of $4 million per application for non-market housing.
- The funding amount will be estimated at the time of application and will be refined through the development process and finalized at the servicing agreement stage for successful applicants.
- Eligibility requirements must continue to be met throughout the development review and approval process to maintain funding.
- Approved projects will receive 25% of the approved funding amount after the servicing agreement is executed and the balance will be disbursed after the funded infrastructure has been constructed and accepted as in-service.
- Approved projects must obtain a building permit before November 9, 2026, to receive funding.
- Contact infillinfrastructurefund@edmonton.ca with any funding allocation questions.
Gronk!
Senior Member
The Pulse: March 27, 2026
In this edition: Your turn: Budget consultations and Acheson changes; a moment in history from 1969; and more headlines and happenings
edmonton.taproot.news
- Edmonton has avoided the “missing-middle” housing problem prevalent in other Canadian cities, according to Canada Mortgage and Housing Corp.’s Spring 2026 Housing Supply Report. Favourable zoning rules, downtown revitalization, and infill development opportunities contribute to affordable housing options. In 2025, middle housing starts, including townhomes and low-rise apartments, reached nearly 12,000. In February, the average single-family detached home price in Edmonton was more than $571,000.
Jhawk
New Member
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 example, a low rise building in an inner city neighborhood compared to low rise buildings in inner city neighborhoods of other cities. You’d also have to compare cases where developers have the same long-term, or short-term goals.
A low or high cap rate isn’t automatically good or bad. It depends on your situation. In the case of Calgary, their overall cap rates for the whole city are comparable to Edmonton, but multi family projects for inner city and core generally give better return.