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Central Edmonton SFHs are ridiculously underpriced in some areas. I expect areas like Highlands, Parkdale, and McCauley to be popular with young families.

The numbers also work exceptionally well for higher density infills.
I think that's on the docket, but one obstacle is that there is buyer hesitation because no one is entirely sure how the Valley Line LRT will affect property values. I've seen homes near new LRT stops selling at 75-100k below normal market value. Regardless of all the factors holding down SFH prices in some of the less-spoken-of neighborhoods, the price turnaround can happen fast.

Oliver used to be one of the most affordable neighborhoods, now you can seldom find a 2-bedroom condo listing under $250,000. That change happened in less than 2 years.
 
I think that's on the docket, but one obstacle is that there is buyer hesitation because no one is entirely sure how the Valley Line LRT will affect property values. I've seen homes near new LRT stops selling at 75-100k below normal market value. Regardless of all the factors holding down SFH prices in some of the less-spoken-of neighborhoods, the price turnaround can happen fast.

Oliver used to be one of the most affordable neighborhoods, now you can seldom find a 2-bedroom condo listing under $250,000. That change happened in less than 2 years.
Yes, it can happen quickly. I think people had been warned over the last year this could happen, but prices had been fairly stagnant here for quite a while so some didn't believe this would happen.

Although it is still relatively affordable here compared to most other big cities in Canada. Apparently you can now get a couple of parking spots in a Vancouver condo for $250,000.

 
Kalen Anderson is being incredibly disingenuous. There is zero chance she doesn't know exactly what the City means in reference to subsidizing sprawl. Development fees in new areas absolutely need to be higher. And there is a sustainability argument toward having sprawl penalty fees that remove costs to developers helping with infill/substantial completion.

This crap isn't financially sustainable.

I will take my shots at Janz, but he's completely correct when it comes to sprawl, building code, and zoning reform (land use deregulation).
 
Kalen Anderson is being incredibly disingenuous. There is zero chance she doesn't know exactly what the City means in reference to subsidizing sprawl. Development fees in new areas absolutely need to be higher. And there is a sustainability argument toward having sprawl penalty fees that remove costs to developers helping with infill/substantial completion.

This crap isn't financially sustainable.

I will take my shots at Janz, but he's completely correct when it comes to sprawl, building code, and zoning reform (land use deregulation).

As well, Kalen Anderson said:

--- "The development industry is not looking for subsidies from the government, nor have we ever been seeking that outcome," Anderson said. ---

Umm, wasn't Anderson in city council chambers in 2024 asking the city to provide $100/sqft subsidies to developers for office conversions and new dt towers?

Or am I misterpreting what that was?
 
As well, Kalen Anderson said:

--- "The development industry is not looking for subsidies from the government, nor have we ever been seeking that outcome," Anderson said. ---

Umm, wasn't Anderson in city council chambers in 2024 asking the city to provide $100/sqft subsidies to developers for office conversions and new dt towers?

Or am I misterpreting what that was?
She totally did. When you are a shill for the development industry, you try and make people forget what you said in the past lol
 
What an interesting fact and numbers free debate here about subsidies. I suppose it goes with the article that only had one number in it which for residential building in the core.

I don't think that has anything to do with suburban building or sprawl. I am not going to take anyone here in this debate seriously until you talk in terms of facts or numbers.
 
ECA Q4 update

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What a trash article too. “An enormous” No. it’s a midrise with a very average unit count for a comparable wood stick midrise. Not worth an article
 
‘Missing Middle’ housing takes off in 2024​
January 16, 2025

A busy year for housing development saw a rise of ‘missing middle’ housing like rowhouses, fourplexes and secondary suites, helping the City nearly hit a three-year housing supply target in just one year.

The City’s $175 million Housing Accelerator Fund agreement with the Canada Mortgage and Housing Corporation (CMHC) is contingent on achieving an overall housing supply target by 2026, with subtargets for different types of housing. At the end of 2024, the City is 97 per cent of the way to its ‘missing middle’ multi-unit housing target of 7,741 units - two years ahead of schedule.

“Missing middle housing fills that gap between single family homes and highrise towers, and provides a range of options so Edmontonians can find the housing they need in the neighbourhoods they love,” said Christel Kjenner, Director, Housing Action Team. “Transformative changes like the new Zoning Bylaw are creating housing choice and gentle density everywhere, which in turn helps create vibrant neighbourhoods that meet the needs of our growing city.”

CMHC defines missing middle housing as multi-unit housing of four storeys or less, and includes secondary suites, backyard housing, duplexes, triplexes, row houses, courtyard housing and low-rise apartments. The City’s Zoning Bylaw, which came into effect on January 1, 2024, makes it easier to create gentle density by allowing up to eight units on most lots. The majority of ‘missing middle’ building permits approved in Edmonton in 2024 are located in developing neighbourhoods near Anthony Henday Drive.

"The dedication and innovation of homebuilders to supply the market with diverse and affordable housing represents one of Edmonton's main competitive advantages. From developing new neighbourhoods to redeveloping mature ones, middle density housing is no longer "missing" in this community, and that's a huge asset," said Kalen Anderson, CEO of BILD Edmonton Metro.

“IDEA is excited about the progress seen in new missing middle housing starts. In the new year, we hope to see more homes built within Edmonton’s developed area to ensure our mature neighbourhoods remain sustainable, vibrant communities for years to come and continue to make progress toward the City Plan’s goal of 50 per cent of new development being infill,” said Sean Sedgwick, Executive Director, Infill Development in Edmonton Association (IDEA).

CMHC released its year-end housing starts today, confirming 13,484 unit starts in 2024 - a 39 per cent increase over 2023. Starts indicate construction has begun on a new home. The City of Edmonton leads the country when it comes to removing barriers in the housing development process. Actions taken in 2024 under the City’s Housing Accelerator Fund plan include:
  • The implementation of the City’s Zoning Bylaw, which enables eight units on most lots - double the federal government’s minimum requirement for a HAF agreement.
  • The Zoning Bylaw also allows a range of backyard housing options beyond a garage suite. Builders and homeowners can now add single and semi-detached homes, row housing and even basement suites to their backyards.
  • The newly developed $39 million Infill Infrastructure Fund helps cover the cost of shared public infrastructure - like water, storm and sanitary systems, mobility infrastructure and electrical distribution - for new multi-unit housing developments in Edmonton’s redeveloping neighbourhoods.
  • Edmonton became the first city in Canada to offer automatic reviews of greenfield development permits for single and semi-detached homes, allowing builders to apply for a development permit and get shovels in the ground on the same day. Since officially launching in September 2024, 794 permits have been processed through automated review.
  • 11 City-owned parcels of shovel-ready land - with the potential for up to 1,800 new homes - were made available for affordable housing development.
  • The City implemented prioritization of affordable housing development permits, rebated affordable housing development fees for sanitary sewers, created a how-to guide for prospective affordable housing developers.

Key Facts

Housing Starts
Edmonton Metro
  • 2024 Total: 13,484
  • 2023 Total: 9,665

Edmonton Census Metropolitan Area (CMA)
  • 2024 Total: 18,384
  • 2023 Total: 13,184

Housing Accelerator Fund Targets
To receive its full funding allocation of $175 million from the federal government, the City of Edmonton must meet building permit targets between November 2023 and November 2026. There is an overall housing supply target, as well as subtargets for different types of housing.

Net New Residential Dwelling Units (By Approved Building Permit) from November 2023 to December 2024:
  • Total: 18,172 / 35,433 (51%)
  • Transit-oriented development: 4,216 / 6,907 (61%)
  • Missing Middle: 7,476 / 7,741 (97%)
  • Other mult-unit: 3,334 / 8,520 (39%)
  • Of the total dwelling units, 537 are affordable. This represents 28% of the subtarget of 1,940 dwelling units.

The total also includes 3,146 single-detached homes.​
For more information:
edmonton.ca/HousingAcceleratorFund

Media contact:
Nicole Thomas
Senior Communications Advisor
Community Services
780-220-3328​
 
I just heard about zero lot line housing today for the first time.
A colleague from work was telling me about her cousin who bought a resale home in Trumpeter. They didn't realize it was a zero lot line property.
So neighbours have access to each other's property for certain things like when work has to be done on the house or even to walk around the house - at least that is how it was shared with me.
 
Probably not news at this point, but this seems like another indication the upcoming year will be Edmonton's turn in the sun, at least for sellers and home owners.

From the realtors association housing forecast:

[...] predicts a 3.3% increase in residential sales, a 4.1% increase in new listings, and a 2.4% increase in residential sale prices for the Edmonton region.
 

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