• With city's next four-year plan less than a month away, Edmonton's budget deliberation process unveiled

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-10-06 20:29:58.0
  Tags: [Municipal, Alberta, Finance, Taxation, Governance, Affordability]

  The City of Edmonton unveiled its upcoming four-year budget deliberation process, which will encompass five distinct budgets: the capital, operating, utility services operating and capital, office of the city auditor, and climate budgets. Draft budgets are scheduled for publication on November 2, followed by a public hearing beginning on November 23 that will remain open for up to 10 days until December 18 or budget approval. In an 8-5 vote, City Council approved raising the city's franchise fee to 19.4 per cent to match Calgary's rate, aiming to offset property tax pressures on residents and businesses while the city works to rebuild its financial stabilization reserve back to the $150-million baseline.

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• Edmonton's housing affordability predicted to remain solid

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-24 16:55:23.0
  Tags: [Alberta, Municipal, Housing, Affordability, Economy, Infrastructure]

  According to the Fall 2026 Housing Supply Report released by the Canada Mortgage and Housing Corp. (CMHC), Edmonton's housing affordability is predicted to return to 2019 levels within 10 years, moving from an average price-to-income ratio of 30 per cent down to 25 per cent. The CMHC report highlights that Edmonton has no measurable housing supply gap, driven by a sustained average annual start pace of 15,000 units, well-supported by recent high construction levels including a record-setting 21,337 starts in 2025. Realtors Association of Edmonton statistics note that Edmonton's average home prices have increased by more than 20 per cent over the past five years, while the city continues to experience strong economic growth of about six per cent annually.

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• Protesters and counter-protesters clash at Mill Woods affordable housing site

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-17 22:44:17.0
  Tags: [Alberta, Municipal, Housing, Affordability, Infrastructure]

  Approximately 30 protesters, backed by a petition of over 800 local residents, clashed with a counter-protester at a 68-unit affordable housing development site in the Mill Woods neighborhoods of Jackson Heights and Kiniski Gardens in Edmonton. Residents expressed concerns over a lack of public consultation and alleged that the project's scope shifted from a senior's housing development to general affordable housing. Marisa Redmond, executive director of the Right at Home Housing Society, clarified that her organization never intended to build a senior's facility and urged concerned residents to engage directly to address questions about the construction.

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• Downtown Edmonton real estate deal worth $61 million sees 26-storey tower change hands

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-05 11:00:00.0
  Tags: [Alberta, Municipal, Housing, Affordability, Infrastructure]

  Edmonton-based real estate investment and development firm Leston Holdings acquired the 26-storey Pinnacle Tower residential and commercial property in central Edmonton for $61 million. As part of the transaction announced by CEO David Mitton, 200 of the building's 249 residential suites will be designated as affordable units with rent increases indexed strictly to inflation. Leston Holdings also outlined plans to revitalize the street-level retail spaces following recent sidewalk widening along Jasper Avenue and 121 Street, building upon previous downtown acquisitions including Edmonton House, David Thompson, and Axis Tower.

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