A First in Western Canada: Avenue Living Leverages BMO's Retrofit Program to Add 179 New Rental Units in Downtown Edmonton
Additionally, with a current purpose-built rental vacancy rate of 2.4 per cent in the city, the project's 179 new units will significantly contribute to meeting the demand for housing in Edmonton's downtown core.
- Additionally, with a current purpose-built rental vacancy rate of 2.4 per cent in the city, the project's 179 new units will significantly contribute to meeting the demand for housing in Edmonton's downtown core.
- The BMO Retrofit Program is a testament to the way we collaborate across the bank, and partner with organizations and clients, to create new and effective sustainable solutions."
- "We're excited to work with BMO on this project and retrofit our landmark 49-year-old building for the Edmonton community," said Jason Jogia, Chief Investment Officer, Avenue Living.
- "The BMO retrofit program supports our responsible investment goal to offer workforce housing residents with a high quality, affordable, and comfortable living experience for years to come."