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CMHC has officially put out the worst housing affordability projection chart I have ever seen.

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Good news everyone - starting today, price-to-income ratios are going to become perfectly stable for 10 years. We solved housing.
 
I saw this tidbit from Marcus & Millichap's Q2 2025 report.

Space need on gradual upwards trajectory. Edmonton’s office vacancy rate has been on a three-year decline since peaking at 17.4 per cent in 2021. Leasing demand has been gradually improving, with an average of 240,000 square feet absorbed annually over that period. Preliminary data for the second quarter of this year suggests vacancy will continue to fall, despite uncertainties surrounding trade policies. A strong public sector presence and a resilient energy services indus- try are acting as stabilizing forces amid a volatile external environ- ment, helping sustain steady growth in leasing activity. Even though the metro’s office vacancy rate remains among the highest in Canada, a significant portion of the unoccupied space is concentrated in a handful of buildings within the downtown submarkets. In contrast, vacancy rates in suburban areas are approaching single digits, which suggests that underlying leasing demand metrowide is stronger than the elevated overall vacancy rate implies.
Click to expand...

Does anyone have any clues regarding which buildings those vacancies are concentrated? It's not the first time I've come across a report essentially going "yeah it looks bad but it's disproportionately located in a few buildings rather than the entirety of downtown's office market"
 
Kosy123 said:
I saw this tidbit from Marcus & Millichap's Q2 2025 report.



Does anyone have any clues regarding which buildings those vacancies are concentrated? It's not the first time I've come across a report essentially going "yeah it looks bad but it's disproportionately located in a few buildings rather than the entirety of downtown's office market"
Click to expand...
I read an article earlier today which stated that Edmonton's DT sat at 20% vacancy, compared to 30% in Calgary. Apperantly Calgary has (one of?) the worst vacancy rates in North America.

Found an Avison Young report corroborating the 20%.
 
Calgary moves in numbers of a different magnitude than we do though and A LOT of that are buildings needing to be repurposed or significant investments made.
 
A lot of people forget or don't realize some repurposing was done here decades ago, before it was as fashionable. So some of the buildings better suited for repurposing here already have been.

Regarding magnitude, I suspect the higher vacancy rate, more and larger buildings in Calgary also makes repurposing more relevant and necessary for them now.
 
policyenthusiast said:
CMHC has officially put out the worst housing affordability projection chart I have ever seen.

can-1-en.svg


Good news everyone - starting today, price-to-income ratios are going to become perfectly stable for 10 years. We solved housing.
Click to expand...
I am a bit cynical about projections maybe because I have seen many that have turned out not to be accurate especially those that predict the future being similar to the present.

Looking at the chart, we are way above the average for the period covered, so my sense is we will get back to around 40% or so some how.
 
For Sale - Connaught Armoury in Strathcona


Presenting an exceptional opportunity to acquire a prime DC1 14507 potential redevelopment site in Edmonton's iconic Old Strathcona Provincial Historic Area and Business Improvement Area (BIA). This site offers developers a unique chance to capitalize on the area's dynamic energy while preserving its valuable heritage. The excess land has rezoning potential. If rezoned, and under the guidance of the Scona District Plan, this portion of the site could potentially be redeveloped with a multi-unit residential building with covered parking and limited commercial uses on the first floor.
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A portion of the parcel contains the Connaught Armoury, The Connaught Armoury is situated in the popular "Whyte Ave" district, a vibrant area and found between major vehicle corridors: Gateway Boulevard and 104 Street NW (Calgary Trail South). This area is rich with art, culture, historic charm, and modern design. It is adjacent to the Old Strathcona Farmers' Market, restaurants, and shops. Top education institutions are nearby including the U of A, MacEwan, and NAIT. The beautiful River Valley is also a short walk away.
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All interested parties must submit a Buyer’s Application Form to the City. This property will be sold on a first come, first serve basis. If your submission is deemed acceptable, the City may contact you to further negotiate and formalize a sale agreement.

For more information, please visit the City of Edmonton Property Sales website at edmonton.ca/propertysales.
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Club Malibu University, I fondly remember those days going there to party. There is nothing worth saving in the interior of the building, the exterior made me think this was a classy night club when I first went.
 
itom987 said:
Club Malibu University, I fondly remember those days going there to party. There is nothing worth saving in the interior of the building, the exterior made me think this was a classy night club when I first went.
Click to expand...
That tracks, the building is ancient. It would be nice if they could gut and rebuild the interior to save the street-facing facade, but either way it's good to see the City is going to use it for something.
 
Open House - Connaught Armoury in Strathcona

Given the high level of interest in Connaught Armoury, the City of Edmonton will be holding an open house on August 15, 2025 from 1:00 to 4:30 PM.

Please RSVP and book a time slot to tour the historical Connaught Armoury. This will help us with planning and ensure you have a valuable visit. Once you have registered, a confirmation email will be sent by one of our property agents.

Open House Location: 10310 - 85 Avenue NW, West Door
Date: August 15, 2025
Time: By Confirmed Appointment between 1:00 - 4:30 PM

If you are unable to make it to this open house, please feel free to reach out to propertysales@edmonton.ca to book an alternative appointment.

Open House RSVP Form: Link to RSVP Form
 
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