What do you think of this project?

  • Total voters
    74
kcantor said:
I'm really looking forward to the "private programming" of this space even more than the space itself!
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You have some thoughts on what ideas that might or could be a good fit? What is the guess on people capacity in any of the open spaces?
 
I couldn't find the thread for the 103A Ave/99 St pedway construction, so this appears to be the next best place to post these pics

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IanO said:
Any word on tower 2? Going or postponed?
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Hmmmmm.....something about the timing of this question Ian.....makes me wonder. Is it an innocent question merely inquiring? Or is it a prelude to something akin to, "see I told you guys - concrete construction is not economical in DT YEG!"
 
MacLac said:
Hmmmmm.....something about the timing of this question Ian.....makes me wonder. Is it an innocent question merely inquiring? Or is it a prelude to something akin to, "see I told you guys - concrete construction is not economical in DT YEG!"
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Little column a, little b.
 
From talking to someone in new home sales, new homes are still moving like they’re giving them away for free… is rental as hot still? We went from not a whole lot of rental stock added for years to a building boom. Time for a little pause? or maybe interprovincial migration is still strong filling the gap of decreased immigration?
 
I wonder why there are not more new condos here, especially with rents increasing quite a bit recently and prices for new homes going up too.

Also, existing condos seem more affordable here than almost any other city in Canada.

You would think at some point demand would cause prices to increase and/or more supply to be built.
 
David A said:
I wonder why there are not more new condos here, especially with rents increasing quite a bit recently and prices for new homes going up too.

Also, existing condos seem more affordable here than almost any other city in Canada.

You would think at some point demand would cause prices to increase and/or more supply to be built.
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Like you said, condos are more affordable here. So if a developer can't start their pricing at $500k and up for small 1 bedroom condos like in the other major Canadian cities they aren't going to build to the same extent.
It's not about building homes it's about making money.
 
You can buy quality existing high-rise condos in this market in the $200 psf range. It's pretty tough to compete with that if need to start your pricing at $500.

Having said that, I don't think you need to start pricing at $500 to make a reasonable margin but you certainly can't compete with $200 (noone is going to build and sell for considerably less than their cost to develop).
 
kcantor said:
You can buy quality existing high-rise condos in this market in the $200 psf range. It's pretty tough to compete with that if need to start your pricing at $500.

Having said that, I don't think you need to start pricing at $500 to make a reasonable margin but you certainly can't compete with $200 (noone is going to build and sell for considerably less than their cost to develop).
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I agree they are related. Of course prices for new are always going to be higher than for older existing places but I agree much lower prices for existing ones can reduce the demand for new ones.

However, I suppose my question is a broader one, why are condo prices higher almost every where else, I think even in places like Winnipeg which is not know for its high housing prices? Edmonton seems to be quite an anomaly.
 
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