Quote:
Originally Posted by Ironhorse
One thing I don't see being built is cheap starter homes. The one we had in Ogden had vinyl flooring, straight counters with no island or L shapes, basic cupboards and a formica counter top. Interior doors went floor to ceiling to save on framing and drywall costs. These days everything seems to be focused on "luxury". You have to start out somewhere...
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Because of land costs, those are only really available in greenfield communities. The same ones that many up-zoning advocates do not support.
It would probably also help if Calgary built more single family homes, now down to only 27% of new starts and 34% of completed units in 2023.
Not a surprise that with so little new inventory, resale prices of detached SFHs are now in the $700K range.
