Edmonton Construction 9 (2008-08)

[Coldrsx]

^how did you get onto the manulife podium, take me next time.


appears as though Icon II is on floor 13

[Coldrsx]

EDMONTON — The selling price of new homes in Edmonton went down 8.2 per cent in December compared to the same month a year ago, said Statistics Canada Wednesday.

That was the steepest year-over-year decrease among surveyed cities. Calgary was second with a 4.3-per-cent year-over-year decline. The federal agency said the drops were the results of slow market conditions in both cities.

Compared with November 2008, Edmonton contractors’ selling prices remained flat, dipping 0.3 per cent in December 2008.

Calgary’s prices fell 1.3 per cent November to December.

Across Canada, the selling price of new homes went down by 0.1 per cent between November and December, the third-consecutive monthly decrease.

On a year-over-year basis, the new price-housing index increased by 0.4 per cent in December, a slower pace than the 0.7 per cent increase recorded in November.

Among surveyed cities, the largest 12-month increase was in St. John’s at 24.4 per cent followed by Regina at 21.7 per cent higher new housing prices.

“On balance, while this report was slightly stronger than the market consensus, it is indicative of a cooling housing market,” said Ian Pollick, an economics strategist with T D Securities.

“It is universally expected that Canadian home prices will continue to retreat in the foreseeable future, though there is a silver lining here. We know that housing starts declined by 9.3 per cent year-over-year, suggesting a reduced amount of inventory hitting the market. The lack of supply coupled with falling prices will eventually work together to create a more stable price environment.”

With files from Canwest News Service

[email protected]

© Copyright (c) The Edmonton Journal

http://www.edmontonjournal.com/Edmonton+home+prices+slide/1278114/story.html

[Daveography]

^^ My company has access to the 3rd floor patio (great for BBQs). Can't really bring guests there, but when the 4th floor terrace is open (spring-fall), anyone who works in Manulife can get you up there. I think you can request access to the terrace from Manulife as well if you don't work in the building.

ETA: Woo, 300th post.

[CMD UW]

Originally Posted by Coldrsx

EDMONTON — The selling price of new homes in Edmonton went down 8.2 per cent in December compared to the same month a year ago, said Statistics Canada Wednesday.

That was the steepest year-over-year decrease among surveyed cities. Calgary was second with a 4.3-per-cent year-over-year decline. The federal agency said the drops were the results of slow market conditions in both cities.

Compared with November 2008, Edmonton contractors’ selling prices remained flat, dipping 0.3 per cent in December 2008.

Calgary’s prices fell 1.3 per cent November to December.

Across Canada, the selling price of new homes went down by 0.1 per cent between November and December, the third-consecutive monthly decrease.

On a year-over-year basis, the new price-housing index increased by 0.4 per cent in December, a slower pace than the 0.7 per cent increase recorded in November.

Among surveyed cities, the largest 12-month increase was in St. John’s at 24.4 per cent followed by Regina at 21.7 per cent higher new housing prices.

“On balance, while this report was slightly stronger than the market consensus, it is indicative of a cooling housing market,” said Ian Pollick, an economics strategist with T D Securities.

“It is universally expected that Canadian home prices will continue to retreat in the foreseeable future, though there is a silver lining here. We know that housing starts declined by 9.3 per cent year-over-year, suggesting a reduced amount of inventory hitting the market. The lack of supply coupled with falling prices will eventually work together to create a more stable price environment.”

With files from Canwest News Service

[email protected]

© Copyright (c) The Edmonton Journal

http://www.edmontonjournal.com/Edmonton+home+prices+slide/1278114/story.html

The one issue I always have when comparing year-over-year pricing is that it doesn't really indicate anything without knowing specific details of what type of product sold within the month. One needs to dig deeper to determine the primary influences on the overall decline in prices. For example, what types of products sold in Dec 07 versus Dec 08? Where there more smaller homes or condos sold this December than last? Did more units priced between the 250-300k range sell in Dec 08? These are the details one needs to look at to really determine the state of the market.

[Coldrsx]

interesting to see 'ING' on this now



also a recent picture from 'edmcowboy11' at C2E

[CanadianCentaur]

^ Interestingly, it's starting to look even better than the renderings!

[Coldrsx]

^indeed. I think the dark spandrel is responsible for that.

[240glt]

lookin' good

[240glt]

Feb 17th EDC agenda: http://www.edmonton.ca/city_government/documents/PermitsLicences/Feb17Agenda.pdf

[240glt]

Job No 84327160-001: To construct one Apartment House ( 80 units) with underground parking. IP APARTMENTS
8734 - 82 AVENUE NW
Plan 3374HW Blk 26 Lot A
8730 - 82 AVENUE NW
Plan 3374HW Blk 26 Lot B
8720 - 82 AVENUE NW
Plan 3374HW Blk 26 Lot C
VIP HOMES C/O GMH ARCHITECTS

[Coldrsx]

GMH GMH WOOT WOOT..... all aboard the mediocre POS train

[Coldrsx]

Originally Posted by 240glt

Feb 17th EDC agenda: http://www.edmonton.ca/city_government/documents/PermitsLicences/Feb17Agenda.pdf

'west rossdale urban design plan' - me rikey the sounds of that

corner 1 by BCM is back i see...

[240glt]

Originally Posted by Coldrsx

GMH GMH WOOT WOOT..... all aboard the mediocre POS train

I know. being that this is on Whyte shouldn't the EDC be involved to administer the inevitable smackdown ?

[GoMod]

I see the proposed QE Pool by Kinsmen is also on the agenda. The design is lookin hot!

[GoMod]

Interesting...

Google PowerMeter...how it works

[IKAN104]

Originally Posted by Jasper and one o nin

this what i tried to write in their forum.. but it wouldnt let me..
If you back onto the henday that means that you live as far out into the suburbs as you can almost possibly go. Because we all pay the same millrate, the amount of tax you pay for your house is nowhere near the amount it costs to provide all the services way out to your little piece of suburbia. Those who live close to the centre, in a sense, subsidize your suburban lifestyle. If you work downtown you rely on your car and the roads you drive on more than about 90% of the citizens of Edmonton. If you want to enjoy the the churchill square or go to the winspear, or take in a hockey game, you have to drive farther than amost everyone who lives in Edmonton. I cannot understand why anyone would choose to back onto a corridor with high-tension power lines as it is. That seems far worse than a freeway. But the fact is you paid a lot of money for house either knowing it is adjacent to a corridor that is intended for a freeway, or if you didnt know - why would you spend as much money as a house costs and not check into it. All one would need to do is ask and not wait to be told. You are buying a house for goodness sakes! In the suburbs!!! On the edge of the City!!! With a HUGE open field behind you!!! Did it ever occur to you that it has a slight possibility of developing into something?
I do not have too much sympathy for you. But some of my tax dollars paid for the province to buy the land, and I know some of my taxes are being used to pay for the construction of the road. And I already said that some of my property taxes pay for many of the services that I dont use, but you do use because you require more pipes and roads than I do - so I dont really want any more of my tax dollars going towards ugly noise attenuation walls for YOUR benefit. maybe since your carbon footprint is about as big as the henday is long, perhaps you should buy and plant some trees along your back fence to block some of the noise

Holy 🞵🞵🞵🞵 man! Why is everybody who doesn't live in the centre villified? Do you have any idea what a new house in the centre costs? There's a reason people move to the suburbs and it's not because they like the commute. It's a matter of cost and choice. Not everybody can or wants to live in a 30 year old downtown apartment or 60 year old neighbourhood.

It's perfectly legitimate to want to live in a new house, they're just very hard to find anywhere near the centre of the city. And if you do find one it will cost twice as much as the same house in the suburbs.

You seem to think you're doing society a favour by not buying a house in the burbs. Well thank you so much your highness. You are truly a good person. But people have different circumstances and reasons for doing what they do. Although it may appeal to you or I, not everybody wants to drive a Porsche 911 and not everybody wants to live in a downtown condo.

And besides, if a freeway was built through the middle of the city as was planned many years ago you can be sure that nearby residents would want satifactory noise attenuation there too.

[240glt]

^ OK then, I live very close to a major north/ south arterial close to downtown and I hear plenty of traffic noise. No one in our neighborhood is bitching about the noise all those suburban dwellers make when driving down that road every morning and every night.

We can hear the rail yards, frieght cars banging & clanging all night sometimes, yet no one complains.

The collesium is very noisy and causes tonnes of traffic in our neighborhood yet no one complains.

People have every right to buy a house out by the Henday. I take issues with people buying a place on a freeway or next to a transportation ROW then bitching because there is traffic noise. Come on man, give your head a shake.

[newfangled]

For the March EDC agenda, would the Churchill Square project be the closing of 102A ave? Or something else? The AGA or the LRT entrance?

[GoMod]

Well, according to the address noted on the agenda, (2 Sir Winston Churchill) that would make it the S/W corner AGA

[dansk]

Originally Posted by IKAN104

Holy 🞵🞵🞵🞵 man! Why is everybody who doesn't live in the centre villified? Do you have any idea what a new house in the centre costs? There's a reason people move to the suburbs and it's not because they like the commute. It's a matter of cost and choice. Not everybody can or wants to live in a 30 year old downtown apartment or 60 year old neighbourhood.

It's perfectly legitimate to want to live in a new house, they're just very hard to find anywhere near the centre of the city. And if you do find one it will cost twice as much as the same house in the suburbs.

You seem to think you're doing society a favour by not buying a house in the burbs. Well thank you so much your highness. You are truly a good person. But people have different circumstances and reasons for doing what they do. Although it may appeal to you or I, not everybody wants to drive a Porsche 911 and not everybody wants to live in a downtown condo.

And besides, if a freeway was built through the middle of the city as was planned many years ago you can be sure that nearby residents would want satifactory noise attenuation there too.

THANK YOU! ! ! ! ! Exactly what I was thinking.