Mountain Man
Senior Member
Kind of has a brutalist look to it. I'm sure it's not concrete, but that's what the render looks like lol.
Mainframe | 23m | 6s | Mainframe | MoDA
- Thread starter MichaelS
- Start date
CalgaryTiger
Senior Member
Another, granted very small, parking lot bites the dust! Nice and close to fourth which is really starting to develop more near here.
Looks to be some sort of mesh in the earlier rendering.
Added to the project database/map.
Golfing guy
Active Member
I like this little project. Nice fill and gets rid of another parking lot.
Ps… can we change the address to Calgary, Alberta. Don’t think we’re in Ontario?
Ps… can we change the address to Calgary, Alberta. Don’t think we’re in Ontario?
manshakesfistatcloud
New Member
Hello Kyoto. I like it. Reminds me of an Airbnb we stayed at in Kyoto.
We're stuck with Calgary, Ontario on most of the projects for now.
DiscoStu
Active Member
Calgary kind of feels like an Ontario offshoot some days.
Spring2008
Active Member
Nice to see another mid block development get going. I hope the city will be widening/upgrading the sidewalks along 14th ave. Lots of existing development plus a few new developments around here and other projects like Morrison, and the W hotels further east. Some areas still have power lines.
I'd so love to see more of these types of buildings. Has the total Tokyo vibe going.
Garceyues
Active Member
I have been reading that Edmonton's real estate market is supposedly hotter than Calgary's right now, but it sure doesn't feel like it. I love the amount of developments we currently have going on and I'm glad to see this moving as well.
It probably doesn't feel hotter because it isn't necessarily hotter. It's hotter in the sense that prices and sales volume have been rising lately, whereas Calgary's prices and sales volume have levelled off. This is a normal cycle for the two cities, typically Calgary's prices take a sharp rise and level off, and a year or so later when Edmonton's prices are quite a ways below Calgary's, they rise for a while and then level off. While they are rising, sales activity usually goes up with it, and then activity levels off after the prices have levelled off.
The way I look at how hot a market is, is by housing starts over an extended period. It's a good indicator of demand, which is really what I think makes a market hot. In Edmonton starts are about 65% of Calgary's starts for the first half of 2025 and has been around that percentage for the past three years. Because of those low starts compared to Calgary, inventory was lower and thus the rise. We'll see how the next 6 months are.
From a rental point of view Edmonton's rates were beginning to rise around the time Calgary's were levelling off. Calgary's rates have dipped recently, but Edmonton following Calgary's pattern has also seen a dip as of last month, after rising for a while.
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