Avenue Living Asset Management announced it has recently acquired $275 million in multifamily assets in the Edmonton market.

Killam Apartment REIT recently acquired two new properties in Edmonton and Moncton for a combined total of $41 million, continuing its ongoing expansion into new markets.

Altus Group’s latest report on investment shows that both Calgary and Edmonton’s commercial real estate sectors were down significantly in Q2, excluding the apartment sector.

Recent data released from the Altus Group indicates that the Alberta market is showing signs of economic recovery, with Calgary and Edmonton both posting favourable results.