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Slow sales will force builders to shelve more than a third of the multi-family homes now under construction in Edmonton in 2009, says a new report.
As part of its spring and summer newsletter reviewing 11 Canadian cities released Tuesday, commercial real estate firm Avison Young looked at how a large influx of multi-family units now being built would affect the Edmonton region`s rental market vacancy rates.
It concluded that the impact on the rental market of a coming bulge of condos under construction will be lessened by the fact that many of the condos won`t be finished this year.
Read the full article here.
As part of its spring and summer newsletter reviewing 11 Canadian cities released Tuesday, commercial real estate firm Avison Young looked at how a large influx of multi-family units now being built would affect the Edmonton region`s rental market vacancy rates.
It concluded that the impact on the rental market of a coming bulge of condos under construction will be lessened by the fact that many of the condos won`t be finished this year.
Read the full article here.