Unfortunately, the "wait for the rate" crowd could be in for even worse market. From Rob Carrick, Globe and Mail: "The question is how long this moment lasts. After the last set of national data on residential resale homes, the Canadian Real Estate Association jumped on expectations for lower...

Unprecedented subsidies for multi-family housing, coming from all levels of government. For years people have bemoaned the "missing middle" property type between an apartment and a single-family home, but a LOT of the new developments seem to be more apartments. They're not even for sale...

In fairness, it could have been a band-aid solution anyway. The support project has been brought forward and shot down by Andrew Knack 3 times now, and would set a precedent that other businesses affected around Edmonton should also be entitled to compensation, while this proposal was only for...

I wonder why he wants the Committee infrastructure folks to report directly to council instead of the City administration. Very unusual, unless they suspect the recommendations from the Committee are being modified or affected by Admin.

Love weird GIS tools like this. I've got another one for you, a home price heat map based on 2017 reporting data. https://yeg-assess.dha.io/ Obviously outdated, but still handy to get an idea of neighborhood prices.

Seems like she might be gearing up to run for another term.

Multi-family developments are pretty important right now, the newly available 30-year mortgages are only available for first-time homebuyers in newly constructed residences. Almost the only way most people can afford to start families at this point.

St Johns: The median sale price for single detached homes was up 6.7% on a year-over-year basis to $293,500 in the second quarter of 2024. Edmonton: The median sale price for single detached homes was up 7.8% on a year-over-year basis to $485,000 in the second quarter of 2024. This was a new...

Council is currently in session to discuss a bylaw to provide funding for businesses affected by long-term construction, and one to shorten the amount of time that Administration needs to report the agenda during, changing from "10 days before the meeting" to "the Thursday before the meeting"...

Household

Some population numbers from the last census. Household Type City of Edmonton St. Albert Leduc Stony Plain Spruce Grove Fort Saskatchewan Cold Lake Camrose Total - Household type (100% data) 396,405 25,940 12,965 7,135 14,275 10,420 6,115 8,140 One-census-family households without...

2021's low mortgage prices attracted a lot of outside investment, particularly in single-family homes. Will be interesting to see how the upcoming renewal at a higher rate affects inventory.

Average monthly price for bachelor units in Edmonton has increased for 4 years in a row. Comparison to Calgary shows that Edmonton is still leading affordability for young professionals. Geography Edmonton, Alberta ,%27id%27:%27S0503%27}]}'](map) Type of unit Bachelor units Type of...

Spruce Grove city council approved three changes to its land use bylaw in July. Two changes are in the Copperhaven neighbourhood to allow low to medium-density residential structures. The other change is in the Legacy Park neighbourhood to allow medium to high-density residential structures.

Alberta Construction Association released an information bulletin about Contract A provisions disappearing from the procurement process, and more recently from municipal procurement. The ACA claims the removal of “Contract A” increases risk for contractors.