The College Woods neighborhood in Riverside, Edmonton is made up of 115 homes built mainly between 2002 and 2004.  The neighbourhood was largley completed and occupied by 2005.

However, six lots or so were sold to independent builders and those houses were constructed from 2005 up to around 2014 with the exception of one lot which remained empty.

New Neighbour’s are coming

The empty lot was three doors south of our current home. Finally, I guess property values reached an acceptable point for the purchaser and the lot sold and building commenced.

Looks like our neighbourhood will, after 19 years, be completly built out.  This does seem to me to be a long time for an empty lot to sit and I am bit surprised the city did not encourage the owner to build, for the increased tax revenue.

Canadian Housing Markets Reasonable

There has been a lot in the news lately about the hot housing markets in Canada although given the large amount of available land in Edmonton, to mention nothing of Northern location, itis not really a hot spot.

We have noticed, as a personal anecdote, that houses in surrounding area that were sitting on the market for years suddenly sold this summer and our neighbours listed and sold their home within three months.

Pandemic Economy Impacts

Probably  the Spector of rising interest rates and higher inflation is at least one of the factors driving this behaviour, thus it is country wide albeit at different paces depending on geographic location.

For us this is the end of a era, that is an incomplete neighbourhood , but also this is likely a sign of the current economic state.  I wonder what is next.