A construction boom is coming in Alberta according to the boss of a Canadian housing developer.
Brad Lamb of Toronto-based Lamb Development Corp. is planning five or six new high rise developments in the next two decades in Edmonton and also expects big things for Calgary.
Lamb told the Globe and Mail that the recent lows in Alberta are part of the cyclical nature of the real estate business, likening the market to that in Toronto in 2011 when condo sales slumped.
“As a developer, you have to be able to weather the storm and not be derailed by these things because they’re inevitable,” he said.
Lamb’s firm has 20 buildings planned across Canada, $2 billion worth; and said that the firm’s sales in the Alberta market have seen a rebound in the last four months.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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