In the News
Renters in the city have more choice than ever among new rentals with more than 1,100 new apartments added to the market over the first three months this year, a new report reveals.
“Edmonton had a ton of project launches,” says Urban Analytics analyst Kendall Brown. The market data firm recently published its rental market report for the first quarter of 2021, finding 1,112 new apartment units were added to Edmonton’s rental market.
The sector is now growing so quickly, companies are struggling to fill jobs in absence of migration, says Jackson Cornelius, manager of the market and advisory group for Alberta at Urban Analytics.
He estimates about 5,000 technology job vacancies exist in Calgary alone. “They’re not being filled because of a lack of migration.” Typically new arrivals to Calgary fuel housing demand, especially for the rental market.
Calgary’s new condominium market continued its hot streak in recent months fuelled by sales for townhomes, driven by demand from first-time buyers and young families, a new report reveals.
Urban Analytics released its new condominium market report for the first quarter of the year, showing sales exceeding 700 condominiums of all types for the third consecutive three-month period.
Edmonton’s apartment starts are seeing triple-digit percentage growth, a recent report has found.
Metro Vancouver housing builders and the real estate industry are bracing for a big surge of immigrants to wash into the region once travel is allowed again, with some possible extra pushes coming from Hong Kong, India, the Philippines and even Indonesia.