Quote:
Originally Posted by CMD UW
Actually, a greater proportion of Edmonton's housing market is in the multi-family category versus Calgary where it is still primarily dominated by the single-family category. So although I would agree that Calgary does pull in more migrants from Vancouver etc., correlating that to 'more' highrise or larger condo market is quite incorrect.
Latest CMHC housing stats Jan - Aug 2007
Calgary (City)
Single - 4177
Multi - 3551
Total - 7728
Proportion - 54% Single / 46% Multi
Edmonton (City)
Single - 2787
Multi - 3296
Total - 6083
Proportion - 46% Single / 54% Multi
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Actually, Surreal's point is valid. While Edmonton has a higher percentage of mult-family units, almost all of those units are the 'point of view' style suburban variety, as opposed to the downtown highrise variety which is where a large nuumber of Calgary's units are being created. Correlating it to a larger condo market in general might not hold true but it does for the high rise/high end condo factor.