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New Condominiums Edmonton Q1 2015 Market Update

Edmonton’s new condominium market softened at the start of 2015 as the sudden changes in the energy sector weighed on both owner-occupiers and investors

Edmonton’s new condominium market softened at the start of 2015 as the sudden changes in the energy sector weighed on both owner-occupiers and investors. There were 309 new condominium units sold in Edmonton over the first quarter of 2015; down 60.5% as compared to the first quarter of 2014 and 41.5% below the average levels of the preceding six years (2009–2014). Demand levels were down across all product segments and sectors with only a few projects performing at above-average levels.

 

Download the full report on Edmonton's New Condominiums Q1 Market Update (in PDF format)

 

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