Once the site of a newspaper printing plant, the site was sold for land value and eventual development
Rent is projected to rise by another 5% in 2023
The Realtors Association of Edmonton is predicting the market will "normalize" this year to levels not seen since before the pandemic.
The trend was driven by a decline in urban starts
Annual price growth cooled in the final month of 2022
The Canadian Real Estate Association expects a further 5.9 per cent decline this year, with a rebound in 2024.
Canadian home prices fell by the most on record in 2022, as rapidly rising interest rates forced a market adjustment that may have further to go.
Plus: CREA reveals 2023 outlook
No relief in sight as most space spoken for months ahead of completion
