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Edmonton

Western apartment developers face a whole new paradigm

Don Wilcox Residential Apartments Alberta May. 8 2024

Unprecedented population growth, persistent higher interest rates and elevated housing prices across much of Canada are creating a unique set of challenges for the Western Canadian apartment development industry, according to ATB Financial chief economist Mark Parsons.

BMO program finances Edmonton apartment tower retrofit

Mario Toneguzzi Residential Renovation Edmonton May. 7 2024

Calgary-based Avenue Living Asset Management Ltd. is taking a 49-year-old rental building in its portfolio and retrofitting the Edmonton property through a unique financing program with BMO.

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