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Population growth helps Edmonton’s commercial real estate sector offset economic headwinds

Equilibrium may be short-lived as industrial construction starts have slowed to their lowest first-half performance since 2016
Two multifamily buildings under construction at Allard Heritage Valley. (Michael Mulligan/CoStar)
Two multifamily buildings under construction at Allard Heritage Valley. (Michael Mulligan/CoStar)
CoStar Analytics
August 5, 2025 | 5:20 P.M.

Edmonton ranks just behind Calgary in population growth, driving increased development activity across industrial and retail property sectors.

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