This is so true. This is the first thing I noticed when I moved here from Halifax. There is not much stock at all for rentals if you want insuite laundry and a dishwasher, let alone nicer finishings. You can tell that developers in Edmonton have neglected this for many years, especially when it comes to the central core. In most cities, it is pretty easy to find such a place if you have the money. Heck, even if you're somewhat cheap, you can find such a place in Halifax, which wouldn't be the benchmark for a city being successful in that regard if you ask me. I hope that they move forward with developing some more rentals. I don't think he is alone in his remarks though, as The Hendrix, Maclaren, and the one above CWB further down on Jasper have jumped on board too.@Daveography, there is a really interesting article in the Journal today referencing the opening of Mayfair North -- http://edmontonjournal.com/business...ould-be-start-of-major-edmonton-redevelopment. George Schluessel answered many of the questions that you and I had opined on. He doesn't appear to like the condo market, hinting at that being the reason for the slow development in Century Park. He does like the luxury end of the rental market, seeing it as a niche that has been in large part ignored. He also hints at several new projects that he is considering.
For many young professionals that aren't ready to buy though, there isn't much here and the competition is fierce. I remember when I moved here with my ex - we'd go to view a place and there would be 4-5 other people viewing it the same evening and usually the first day they were showing. If you didn't put in an application that night, the unit would be gone the next day. I imagine that has relaxed a little bit now, but there is definitely still demand.