Multi-family construction hits 30-year high yyc
JLL Canada released its Canadian Commercial Real Estate Outlook this month, noting demand and activity are bolstered by an outlook that interest rates will remain high for the foreseeable future, hampering many first-time buyers’ ability to afford a home.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
It also stated that rents in Calgary increased 11 per cent in the last year. That jump trailed Halifax , Ottawa , Kitchener-Waterloo and Vancouver .Article content The city’s population grew by more than 75,000 between 2020 and 2022, which includes international and inter-provincial newcomers.
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