A recent report shows the construction of new homes is on the rise in Alberta while Canada's hottest markets for new homes are cooling down, but questions about affordable housing remain.
"I think we've seen if you look into the numbers, I think you see more multifamily starts and apartment starts in Calgary, when compared to years in the past, but the single detached housing starts in May started to show a catch up, if I can call it that in terms of that pace," said Brian Hahn, CEO, B.I.L.D Calgary Region.
"What it means is that Alberta is actually doing pretty well, overall... What we've seen over the past year, in particular, is a significant increase in population growth driven by migration of people into Alberta, both internationally and from other provinces," said Taylor Pardy, senior specialist, market analysis CMHC.Some Calgary builders say this increase will help with Canada's housing crunch.
The city of Calgary says its task force is working to increase equitable access to affordable housing with specific recommendations for council. He says he wants city planners and developers to be thoughtful about the diverse needs of Calgary's growing population.
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