EDMONTON – Both tenants and landlords have reason to smile at Edmonton’s office market, according to a new report.
The city has an overall office vacancy rate of 8.7 per cent, with downtown at 7.2 per cent and suburbs at 11.3 per cent, according to Avison Young’s second quarter 2013 Edmonton office market report.
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In the grand scheme of personal finances, your take home pay is like an apple pie. Your bills are the hungry flock of kids banging their fists on the table to get their share.
For renters in America, housing is usually the hungriest of the bunch. Ideally, it would gobble up one-third of the pie –– anymore than that, and you likely wouldn’t have enough to feed the rest.
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The number of apartments available in the Edmonton area is half of what it was one year ago.
The vacancy rate sits at 1.7 per cent — down from 3.3 in 2011, according to Canada Mortgage and Housing Corporation’s Fall Rental Market Survey.
“Strong net migration and continued job growth in Edmonton contributed to the reduction in vacant rental apartments, as did a modest reduction in the supply of rental units,” senior market analyst David Lan said in a press release.
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Between icy winter roads and summer road construction, Calgarians are often stuck in rush hour traffic on a cross-city commute — which isn’t where any of us want to be.
I know I’d prefer an extra 15 minutes under the covers to staring at the seemingly endless row of tail lights stretching across Deerfoot Trail.
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CALGARY — Calgary and Edmonton have displaced Toronto and Vancouver as the top-ranked cities for real estate, according to the Emerging Trends in Real Estate 2013 report released Tuesday.
The report, by PwC and the Urban Land Institute, said the Canadian real estate market is expected to remain steady with “modestly good” investment and development prospects across most property sectors for 2013, reflecting expectations of solid supply and demand.
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