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Analysis & News

See the market in a whole new light.

Stay up to date with the latest market moves, data analysis, sales trends and more.

Market Analysis

Our reports provide high-level insight on sales/inventory and pricing trends, buyer behaviour and new project launches in Metro Vancouver, Calgary, Edmonton and Toronto.

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Alberta
Q1-2022 | State of the Market
Calgary
Q2-2022 | Multi-Family
Q2-2022 | Rental
Edmonton
Q2-2022 | Rental
Q1-2022 | Multi-Family
Ottawa
Q2-2022 Ottawa | Rental
Greater Toronto
Q2-2022 | Rental
Metro Vancouver
Q1-2022 | Multi-Family
Q1-2022 | Land & Assets
Q1-2022 | Rental

In the News

 

BuildingsPress Coverage
Edmonton Journal - February 15, 2022

Edmonton's purpose-built market sees rising demand from young renters

“Edmonton has seen a similar trend to Calgary with lower vacancies at an average of 8.5 percent across the market,” says Kendall Brown, manager of rental data for Zonda Urban for Alberta and Ontario.

“Lower vacancy can be attributed to the absorption of new supply that occurred last year as demand has increased with the return of students and young professionals,” Brown says.

Price TagsPress Coverage
Calgary Herald - February 7, 2022

New purpose-built rentals are in high demand

Despite rising demand, rents per square foot decreased slightly. Average rents decreased 2.2 per cent from the third quarter of 2021 to the fourth quarter. Brown notes the drop in rent is due to the rise in supply, but also seasonality of the rental market with fewer people moving during the fall and winter.

VancouverPress Coverage
Business in Calgary - February 2, 2022

The new cost of construction

“Judging by how active most builders continue to be during the pandemic, it seems to have been more or less fine,” says Jackson Cornelius, director of advisory at Zonda Urban, which was formerly Urban Analytics. “A lot of these developers have fixed pricing in place and contracts with the suppliers. That’s allowed them to mitigate the volatility of the market … and contributed to why most pricing remained flat. In fact, if anything, the changes have been more demand-side adjustments.”

Press CoveragePress Coverage
Livabl_ - January 31, 2022

What’s behind skyrocketing prices in Langley?

"Townhouse and apartment benchmarks rose approximately 30 per cent year-over-year, to $771,200 and $520,700, respectively, by the end of December.

“Initially during the early stages of the pandemic, purchasers were looking for more space and pricing was more reasonable in Langley and neighbourhoods south of the Fraser in comparison to Vancouver,” said Zonda Urban market analyst Melissa Nestoruk."

BuildingsPress Coverage
Livabl_ - December 15, 2021

Alberta housing markets aided by economic recovery, population growth: Zonda Urban

“Calgary has seen more consistent activity, as well as more consistent project launches in both wood-frame condominium and townhome projects,” said Cornelius. “Demand in Calgary has tended to outpace the supply of new projects.”

While condominium sales in Edmonton have slowed, Cornelius attributes the shift to a lack of new product rather than reduced demand. Several condo projects have been delayed or converted to rentals in the past few years, shrinking the supply of new homes for sale.

BuildingsPress Coverage
Edmonton Journal - December 8, 2021

Edmonton’s new condo market sees dipping sales due lack of options

“Because of the downturn in oil and gas (a few years ago), developers reassessed their projects and converted a lot of existing new condominium units to rentals,” says Jackson Cornelius, director of advisory services for Alberta at Zonda Urban.

The report from Zonda for the third quarter of 2021 (July 1 to Sept. 30) notes that sales fell, year over year, from 282 units to 257 sales — the lowest figure for the period in the last five years.

Yet the picture is better than it appears because existing new condominium units are selling well, Cornelius says.

BuildingsPress Coverage
Calgary Herald - November 4, 2021

Calgary’s new condo market drawing investor interest

A new report suggests investors are returning to the long slumping part of the market, seeing potential for a good return on their investment dollars, says Jackson Cornelius, manager of market and advisory for Zonda Urban in Calgary.

“Anecdotally, many sales representatives for new projects in the city are seeing more buyers over the last quarter who are investors,” he says.

BuildingsPress Coverage
RENX - October 28, 2021

Calgary sees flood of new rental apts.: 100 projects in 5 years

Kendall Brown, manager, rental data (Alberta/Ontario) for market research and data advisory firm Zonda Urban (formerly Urban Analytics) told viewers at the virtual Calgary Real Estate Forum the majority of the completed developments are already stabilized – buildings that have achieved over 85 per cent occupancy.

Another 13 of the projects are actively leasing.

BuildingsPress Coverage
Edmonton Journal - October 25, 2021

New rental market buoyed by growing demand from students, young professionals

“The younger crowds are now moving downtown again with things opening up,” says Kendall Brown, manager of rental data at Zonda Urban (formerly Urban Analytics), which recently published its third-quarter new rental report for the city.

Want to stay up to date with the latest? 

Our Zonda Urban Take Reports will keep you informed on the real estate trends in the market to help you and your team make better decisions.

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