As Edmonton’s new district undulates outwards beyond Anthony Hendy Drive, the downtown center of the city is undergoing another transformation.
Initially activated by Rogers Place and its associated Ice District, downtown resembled a ghost town during the COVID-19 pandemic. There were no office workers in the skyscrapers, so I went from the usual busy sidewalk.
Jared Cox, a 24-year real estate agent at Sterling Real Estate, said the pandemic turned downtown Edmonton’s perception of downtown from a red destination for young professionals to a barren skyscraper with unsold condos. It says that it was. unit.
“I think (pandemics) have led many to rethink their priorities and the balance between work and life,” says Cox. ..
Affordability, lack of food service, and safety are one of the biggest obstacles to people moving downtown, Cox suggests. However, as telecommuting orders have been lifted, some workers in remote suburbs are expected to begin to question whether an hour’s commute to downtown is worth living outside the core. ..
Edmonton’s real estate market continues to attract the majority of young, first-time real estate buyers to look at the city’s new neighborhood, Cox says.
“The important thing about it is that it’s new and shiny,” says Cox about the charm of the Edmonton suburbs. “There is a status symbol associated with it. People love to enter the ground floor of a new initiative, a new area.”
The southwestern and southeastern suburbs of Edmonton continue to attract homebuyers. Strong housing developments took place in 2021 in areas such as Maple, Keswick, Chappelle and Glenridding Ravine.
In addition to the “smell of a new home”, there are facilities such as schools and playgrounds built to accommodate areas with an influx of young families.
The newlyweds Renato Pannani and Bailey Sheets have found that living in downtown does not help their lifestyle.
“Downtown was thought to be the place we wanted to live permanently, but we realized that the lack of green space and the constant problems of the buildings we rented inspired our ideas. “Pagnani says.
The proximity to restaurants and work was appealing to couples, but the constant construction and lack of nearby grocery stores plagued them to live downtown, not to mention the challenge of raising French bulldogs in an apartment on the 16th floor. I did.
The couple eventually settled in a house in the North Glenora district, citing its central location and affordability.
“We always wanted to be in the center near the river valley, and we wanted to reduce driving and increase our walking ability. Being able to buy a bigger new house on the outskirts of town I knew it wasn’t worth the trade-off, “says Pagnani.
According to Cox, the charm of the central “old” suburbs is that younger families can take over homes built in the 90s and early 2000s, compared to homes built in the 1950s and 1960s, and children. The garden is large and maintenance is low. Houses built over 60 years ago are not lifestyle friendly for young buyers, as many people only have 9 x 10 foot bedrooms and no other features such as ensuites.
“You have the best of both worlds. The lot size isn’t as big as it used to be, but I know there’s room for a trampoline and swim set for kids,” many young buyers buy old homes. Cox says he found that he wasn’t interested in repairing it. Up.
Edmonton’s infill market continues to attract buyers’ attention, but Cox says rising prices for plots and materials are expected to slow the momentum in 2022.
Limits: Why Young Edmonton Experts Avoid Downtown in the Suburbs
Source link Limits: Why Young Edmonton Experts Avoid Downtown in the Suburbs