Not far behind, these City of Edmonton figures show the southwest’s Chappelle area and Glenridding Ravine at 412 and 362 units, respectively.
These three, spurred on by the impacts of the pandemic, shook the housing market.
“Coming into the pandemic in 2020, nobody knew if the sky was falling,” said Anderson, noting there were questions whether everyone would just stay in place.
“The biggest thing was lifestyle change, and low interest rates kept people going so they were able to upgrade their home,” said Gravelle.
“Our industry saw extreme market demand fluctuations, land supply issues, labour and material shortages, rising prices and extended build timelines,” said Erin Davis, Pacesetter’s director, sales and marketing.
Gravelle expects inventory will be limited, meaning a slight increase in home prices and a push more toward a seller’s market.
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