There were only 15 applications for 85 new town homes designed for first-time buyers.The city held a draw this morning to match applicants with individual town home projects in Canon Ridge and Greenview. Those are former unused school sites.Of those 15, there will only be 11 buyers since in four instances applications were sent in for both properties.
10 minutes ago I saw Global Edmonton coverage and they did NOT mention the disappointing application turnout. Actually they covered a couple who applied and mentioned that they were lucky to be picked from the draw. Rohit did confirm that they are making a profit (I presume if they sell) just not as big as other projects. Also in the Global coverage they mentioned that there were 30 townhouses in Millwoods between 250K-285K . They did not point out there are an additional 110 townhouses priced below 250K in Millwoods as well.
See previous posts here and here
Update: here is a link to Global Edmonton's Coverage