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Originally Posted by WhipperSnapper
LOL or to pay for phase 1. The condo sales in Stantec have been mediocre at best as well.
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Then who is incorrect?
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New condominium apartment sales in Edmonton grew over 60% in 2017, the largest percentage growth of the markets tracked, with 1,289 units sold last year. This significant increase was connected to the downtown condo market where the new Rogers Centre attracted buyers to the city’s core, with sales increasing by 160% year over year. The suburban areas of Edmonton were still dealing with a large supply of inventory and sales were relatively flat compared to 2016.
https://datasolutions.altusgroup.com/red-hot-new-condominium-apartment-sales-canada-2017/
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The skyrocketing popularity of the Ice District’s Sky Residences helped Edmonton new multi-family home sales more than double during last year, a new report shows.
Sales of new condominiums and town houses rose to 766 in the last three months of 2017 from 323 in the same period of 2016, according to information released Tuesday by research firm Urban Analytics.
Much of that increase was fuelled by the 242 condos sold in the Sky Residences being built on the upper half of the 66-storey Stantec Tower, which became available to the general public at the end of October.
“The project’s location adjacent to Rogers Place arena, appealing views from all residential units (which start on the 31st level), combined with luxury finishing specifications, drew many local and out-of-province buyers,” the report says.
http://edmontonjournal.com/business/real-estate/edmonton-new-condo-sales-soaring