Quote:
Originally Posted by Izzle
Calgary city council passed an affordable housing plan back in September 2023.
https://calgaryherald.com/news/local...ved-whats-next
Seems very far reaching and will be bringing in more supply in a variety of ways. This probably puts a cap on how high Calgary real estate can go. |
Calgary's issues are different than a lot of other cities, as actual land supply is less of an issue. Labor and supply shortages will likely continue to be a major issue in
Calgary though. It's one thing to actually allow people to build and another to actually get the units built. Canada doesn't really have the capacity to build huge amounts of housing quickly. We should have been building at a steady pace for the last ten years. Now we're in a huge hole.