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Alberta & Prairies  + Finance  | 
Edmonton's industrial real estate market has recorded its 14th consecutive quarter of positive absorption according to a new Avison Young report.

New Edmonton Zoning Bylaw Permits More Density

Edmonton city council has approved a new zoning bylaw that reduces the number of development zones in the Alberta capital.

Mayor Amarjeet Sohi and councillors reduced the zone total to 23 from 46. The new bylaw passed without receiving any amendments to its its draft.

City council’s move overhauls the local government’s permitting process and makes it easier for commercial real estate developers and other builders to get projects approved and completed.

Zones have been divided into residential, mixed-use, commercial, open space and agriculture categories. The residential zones allow for more density, including small apartment buildings, on single lots.

The bylaw is also designed to spark retail development in residential districts. The new rules will take effect in 2024.

Certain zones have been set for the cityโ€™s river valley and future urban development. The new agriculture zone will protect farmland from future residential construction.


Inside The Story

City of EdmontonAmarjit Sohi

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
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