The Pulse: Jan. 29, 2025

Here's what you need to know about Edmonton today.

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Essentials

  • 4°C: Periods of snow ending early in the morning then a mix of sun and cloud. Wind up to 15 km/h. High plus 4. Wind chill minus 5 in the morning. UV index 1 or low. (forecast)
  • Green: The High Level Bridge will be lit green for National Day of Remembrance of the Quebec City Mosque Attack and Action Against Islamophobia. (details)

A person prepares a coffee at an espresso machine.

Intent Coffee team returns with Balay Coffee pop-up


By Stephanie Swensrude

The team behind Intent Coffee has returned with a pop-up café concept that applies the same values as before but now includes a plan to grow more sustainably.

Intent Coffee closed permanently in July 2021 after operating in Southgate Centre for 10 months. Co-owners Mavi Tolentino and Reika Herradura, both identifying as queer first-generation Philipinx, had wanted to "create a positive social and economic impact to the marginalized communities here in so-called Edmonton as well as uplift Indigenous coffee producers in the Philippines."

This month, Tolentino and Herradura opened the new pop-up, Balay Coffee, in Delavoye Chocolate's store at 10639 124 Street NW.

While the two original owners are creative and enjoy coming up with recipes and event ideas, Tolentino said they lacked financial expertise. The post that announced Intent's closure described how the owners "made bad financial decisions over the past two weeks out of desperation to keep our doors open and keep our livelihoods."

But that changed when Tolentino met their partner, Mario Pellerin, who has joined the ownership team.

"He's very much a spreadsheet guy. He loves math, he loves looking at hard facts like numbers and quantifying things," Tolentino said. "I think that was the missing element within the ownership team — the numbers person."

Another factor that has pushed the team to return was feedback from friends and former customers, Tolentino said. "I still work in the food industry, and a lot of people that I have formed connections with within the food industry, like customers or co-workers, have always been asking the past three years, 'When are you going to come back? We need it, we miss Intent,'" they said.

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Headlines: Jan. 29, 2025


By Mariam Ibrahim

  • The City of Edmonton is launching the seventh round of its Affordable Housing Investment Program, offering up to $20 million in grants to accelerate the development of affordable housing. The program has a general stream that covers up to 25% of capital costs for new or rehabilitated affordable housing, and an Indigenous housing stream that covers up to 40% of capital costs for projects. Since 2019, the City has invested $254 million to help create 5,553 affordable housing units.
  • EPCOR and Capital Power are among the companies named by Mediacorp Canada as Alberta's Top Employers for 2025. Nearly 90% of this year's winners offer flexible health plans or spending accounts, 50% offer parental leave top-ups, and nearly half support employee upskilling through tuition assistance.
  • Principled Accountable Coalition for Edmonton, or PACE, has been approved as Edmonton's first municipal political party under new provincial legislation. The party, supported by more than 1,200 petition signers, says it will offer a slate of candidates committed to five principles: value for taxes, safety and security, open for business, first things first, and accountable to you. The party said it will start its candidate nomination process for the 2025 municipal election soon.
  • Trauma surgeons in Edmonton are advocating for the consolidation of the city's two adult trauma centres, which are currently located at the Royal Alexandra Hospital and the University of Alberta Hospital. The surgeons argue that consolidating them into one site would improve patient outcomes, reduce patient transfers, and save money. A 2019 report by Ernst & Young also recommended consolidation, but the Alberta government said it is concerned about potential service disruptions.
  • The Alberta Securities Commission, Edmonton Police Foundation, and Edmonton Police Service have selected two winning concepts from the ScamShield: Investor Protection Challenge for innovative solutions to combat online crypto investment fraud. The winning concepts will be further developed and added to investor protection resources offered by the Alberta Security Commission, which estimates that more than 60% of the $309 million in investment fraud reported in 2023 was tied to crypto schemes.
  • American fast-food chains like Krispy Kreme, Chipotle, and Chick-fil-A are finding success in Edmonton, with their recent openings drawing large crowds. A retail rent survey from CBRE suggests that Edmonton's suburban, grocery store-anchored retail sites are in high demand.
  • The City of Edmonton's proposed new public spaces bylaw would ban or limit a range of behaviours, including visible drug use, panhandling near roadways, feeding feral cats or birds, and protests of 100 or more people without a permit. The bylaw also prohibits anyone over 14 from riding bikes, skateboards, scooters, or roller skating on sidewalks. City council's community and public services committee will discuss the bylaw on Feb. 10.
  • The Alberta Investment Management Corp. has fired 19 employees, including the head of its diversity, equity and inclusion (DEI) program. The company said the terminations were part of a reorganization, amid a broader debate about the role of DEI initiatives. Earlier this month, the University of Alberta renamed its DEI policies to "access, community, and belonging."
  • The Edmonton Transit Service Arc card fare payment system is getting closer to allowing riders to tap their credit or debit cards to pay. ETS has been replacing fare validators since November to enhance security, and testing of the open-payment system is underway, with more details expected in the coming months.
  • Farm goods retailer Peavey Mart, which is headquartered in Red Deer, is closing all 90 of its stores across Canada after seeking creditor protection. The company cited "unprecedented challenges" in the Canadian retail industry, including low consumer confidence, inflationary pressures, rising operating costs, and supply disruptions.
  • Edmonton Oilers captain Connor McDavid says he is looking forward to playing alongside Sidney Crosby at the upcoming 4 Nations Face-Off tournament, in February. The tournament will feature teams from Canada, the United States, Finland, and Sweden. Canada starts the tournament with a game against Finland on Feb. 12.
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A chart titled "Composite benchmark resale home prices"

Resale home prices rise in Edmonton

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A message from Rob Roach at ATB Economics:

When it comes to increases in resale home prices, Edmonton led all six of Canada's metro areas of over one million residents with the price of a benchmark home up by 7.8% in December on a year-over-year basis. Montreal was second on the list at +7.2%, followed by Calgary at +4.4%. Toronto posted the lowest growth at just 0.3%, but it was not much higher in Vancouver at +0.5%.

Nonetheless, there is still a massive price gap between the benchmark price in Edmonton and Calgary on the one hand and more expensive markets like Toronto and Vancouver on the other. This gives the Alberta markets a significant cost advantage and helps explain the strong net inflow of residents from B.C. and Ontario into Alberta as Canadians chase affordability. The Alberta benchmark price was $516,200 in December compared to $723,600 nationally.

Edmonton remains a less expensive market than Calgary, with benchmark prices $180,000 lower. But the gap has been getting narrower in recent months after hitting a record high in May last year. As we've explored before, Edmonton's affordability advantage over Calgary helps explain its faster price growth as buyers seek out less expensive markets.

Although new construction is expected to remain robust and population growth to slow, tight supply and ongoing gains from interprovincial migration will keep upward pressure on resale home prices in Alberta in 2025.

Learn more in this edition of The Twenty-Four.

For more number-crunching on Alberta's economy, visit The Twenty-Four Seven by ATB.

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A title card that reads Taproot Edmonton Calendar: edmonton.taproot.events

Happenings: Jan. 29, 2025


By Debbi Serafinchon

Here are some events happening today in the Edmonton area.

And here are some upcoming events to keep in mind:

Visit the beta version of the Taproot Edmonton Calendar for many more events in the Edmonton region.

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