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City of Edmonton - Urban Trends Mid Year Housing Update Oct 7, 2008 - down in every residential category for the first half of 2008 within the Edmonton census metropolitan area (CMA). The drop-off in housing starts was most pronounced for single-family homes (down 68%) followed by semi-detached homes (down 42%). Starts for row and apartment housing over the first two quarters were down 15% year over year, demonstrating the relative strength of multi-family housing in the current market place despite overall slowing. In terms of complete and unoccupied housing (new construction) in the CMA, the percentage of single-family homes waiting patiently for a buyer was up 133% year-over-year for the month of June, while complete and unoccupied multi-family housing stock was up 36% . read more Colliers - 3rd Quarter Greater Edmonton Industrial Sep 19, 2008 - - Industrial Land Sales slowed in the 3rd quarter. - Greater Edmonton Vacancy 2.23%. - Average asking industrial rents start at $7.00 read more Avison Young Summer 2008 Edmonton Industrial Report Aug 21, 2008 - Avison Young Reports - Industrial Land Sales Cooled - Industrail construction strong in the first half of the year read more Housing Starts Moderate Aug 15, 2008 - Alberta continues to experience very low unemployment and overall prosperity. Despite these positive factors, the province is expected to face a drop in net migrants between now and the end of 2008 due in part to the increased house prices in Alberta and improved labour market conditions in other provinces. These factors will combine to reduce housing starts to 32,750 in 2008 and 29,000 in 2009, from 48,336 units in 2007. Following exceptional 30.7 per cent and 24.8 per cent gains in 2006 and 2007 respectively, growth in the average MLS® price is expected to slow to 1.1 per cent in 2008 and 2.8 per cent in 2009. Cushman Wakefield 2008 Apartment Market Jul 1, 2008 - CW reports as of the end of 2007 - Vacancy Up - Rents Up It is a "Year of Transition". read more
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