BUSINESS News

Edmonton Condo Development Continues In Spite Of Economic Slowdown

The housing industry has been heavily impacted by Alberta’s economic slowdown but the developers of Edmonton condominiums have accepted the adverse events even with the cutbacks and job losses. Sales of both new and pre-existing condominiums are down bringing along a price drop.

According to the Realtors Association of Edmonton, the average selling price for condos has fallen by 4.75% year-on-year last November to dip at an average $241,569. As a result of the decrease in sales figures, starts in Edmonton condo development went down substantially this year. Between January and September 2015, new condo starts in Edmonton were 3,386. The figures went down to 947 during the same period in 2016.

However, the dwindling numbers did not discourage developers like Beaverbrook that expects to begin construction on its West Block project. It is expected that the West Block project will transform the northeast corner of 142 Street and Stony Plain Road. The public opening of the presentation center is a sign of the company’s commitment to the project.

There are people in Edmonton who are skeptical about the new development because it very difficult to imagine the product by simply looking at the plans. People need to see proof of Beaverbrook’s long term commitment. The presentation center will help in demonstrating firm’s commitment to the neighborhood.

The presentation center which will be located at 14302 Stony Plain Rd will feature the design center, project amenities and available floor plans. Visitors will be allowed to tour the full-scale model of luxury suites that they can eventually call home. The model is built according to exact specifications and the same materials so that people can appreciate the finished product. Fit and finish will be based on plan so that people will realize the value they will be getting for their money. They will be able to touch and feel what they may end up with in the future.

You will enjoy a panoramic view of the Andaman Sea through the condo development in Phuket. Every residence has been built with focus on maximum luxury and stunning modern design, using the highest quality of materials and finishing.

Click to share...Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0Print this pageEmail this to someone